The Satellite Transponder Market was valued at USD 14.14 billion in the previous year and is expected to register a CAGR of 3.87 % during the forecast period to become USD 18.76 billion by the next five years. Satellite transponders are minor chip-size circuits integrated into satellites to transmit the uplink data or information to the downlink and vice-versa. The development of new cost-effective satellite technologies, growing demand for telecommunication services, and availability of efficient and practical technological solutions coupled with growth in demand for Ku-band and Ka-band are likely to drive the satellite transponder market over the forecast period.
The satellite transponder market is moderately competitive and consists of several major players. In terms of market share, few major players currently dominate the market. SES S.A., Arabsat, Embratel Star One, Eutelsat Communications S.A., Hispasat, Intelsat S.A., and others are among the major players in the global Satellite Transponder market. The companies are involved in several growth and expansion strategies to gain a competitive advantage. Industry participants follow value chain integration with business operations in multiple value chain stages.
In May 2023, Inmarsat announced the introduction of its new Inmarsat-8 small satellites, which will be launched in 2026 to provide crucial safety services and support advances in emergency tracking. The three I-8 satellites will provide additional network resilience, securing the future of Inmarsat's global L-band safety services.
In September 2022, SES, one of the leading global content connectivity solutions providers via satellite and Republican Centre for Space Communications (RCSC), a subsidiary of the Ministry of Digital Development, Innovations, and Aerospace Industry, announced to offer high-speed connectivity services to organizations across Kazakhstan jointly. The services will be provided via O3b mPOWER, SES's second-generation non-geostationary (NGSO) satellite system. They will be made available to various industries, including onshore energy, mining, maritime, telecommunications, and enterprises via RCSC, offering these companies the opportunity to drive digitalization in the region with expanded high-performance network capabilities.
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