The Middle East Satellite Communications Market size is estimated at USD 3.35 billion in 2024, and is expected to reach USD 4.79 billion by 2029, growing at a CAGR of 7.40% during the forecast period (2024-2029).
In the Middle East satellite communications market, numerous vendors vie for prominence through diverse growth strategies such as collaborations, partnerships, and new launches. Notable players include E& ETISALAT (Emirates Telecommunication Group Company PJSC), L3Harris Technologies Inc., Gulfsat Communications Company, Al Yah Satellite Communications Company PJSC, and Inmarsat Global Limited (Viasat Inc.).
In September 2023, Al Yah Satellite Communications made waves with its Government Solutions arm, Yahsat Government Solutions, forging a partnership with the UAE government. This alliance aims to deliver satellite communication-based managed services for the next 17 years, propelling the company's revenue by USD 5.1 Billion and significantly bolstering its market presence across Middle Eastern countries throughout the forecast period.
Simultaneously, Eutelsat Communications SA finalized an all-share merger with OneWeb, a prominent global low Earth orbit (LEO) satellite communications network. Operating commercially as Eutelsat OneWeb, this subsidiary maintains its operational hub in London, marking a significant milestone in the company's trajectory.
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