Broadband Satellite Services Market - By Frequency Band (C, Ka, Ku, V), By Satellite Type (Geostationary Orbit, Medium Earth Orbit, Low Earth Orbit), By Application (Residential, Commercial) & Forecast, 2024

Description

Global Broadband Satellite Services Market size will grow at a 7.5% CAGR between 2024 and 2032, owing to the rising demand for reliable and efficient data transmission coupled with advancements in satellite technology. As industries increasingly rely on data-intensive applications, such as video conferencing, cloud computing, and IoT, the need for high-speed and dependable connectivity grows. Satellite services offer a solution, providing global coverage and overcoming the limitations of traditional networks. With ongoing innovations in satellite technology enhancing performance and reducing costs, businesses are turning to satellite services for their communication needs, fueling the expansion of the market.

For instance, in December 2023, Reliance's Jio Satellite Communications is gearing up to commercially launch its services later this year, offering innovative satellite connectivity. This development indicates a growing demand for reliable and efficient satellite communication solutions, especially with the promise of innovative offerings from Jio Satellite Communications, contributing to the overall growth and evolution of the global broadband satellite services industry.

The broadband satellite services market is segmented based on frequency band, satellite type, application, and region.

The commercial application segment will witness a considerable rise by 2032, propelled by the increasing reliance on satellite communication in various industries such as telecommunication networks, maritime, aviation, and oil and gas exploration. Businesses benefit from satellite services for global and reliable connectivity, driving demand. With the growth of IoT applications, demand for wide-area coverage and efficient data transmission is rising. Additionally, government initiatives to improve connectivity and the need for disaster recovery solutions will further boost the commercial application segment's dominance in the market.

The broadband satellite services market share from the medium earth orbit segment will undergo a significant uptick during 2024 and 2032, attributed to the segment's advantages, including lower latency and higher data transfer speeds than geostationary satellites. MEO satellites offer efficient coverage for broadband services, particularly in remote and underserved regions, making them a preferred choice. With the global demand for reliable and high-speed internet access on the rise, especially in emerging markets, the MEO segment will meet these needs, establishing its dominance in the broadband satellite services industry.

Asia Pacific will capture a noteworthy CAGR between 2024 and 2032, driven by the region's vast geographical expanse with remote and underserved areas, driving the need for reliable internet connectivity. Furthermore, the increasing adoption of satellite services for communication, broadcasting, and internet access in countries like India, China, and Australia contributes to market growth. With ongoing advancements in satellite technology and government initiatives to bridge the digital divide, Asia Pacific will emerge as the primary contributor to the market growth.

Product Code: 8513

Chapter 1 Methodology & Scope

1.1 Market scope & definitions
1.2 Base estimates & calculations
1.3 Forecast calculations
1.4 Data sources
- 1.4.1 Primary
- 1.4.2 Secondary
  - 1.4.2.1 Paid sources
  - 1.4.2.2 Public sources

Chapter 2 Executive Summary

2.1 Industry 360 degree synopsis, 2018-2032

Chapter 3 Industry Insights

3.1 Industry ecosystem analysis
3.2 Supplier Landscape
- 3.2.1 Satellite operators
- 3.2.2 Service providers
- 3.2.3 Technology providers
- 3.2.4 End-user
3.3 Profit margin analysis
3.4 Technology & innovation landscape
3.5 Patent analysis
3.6 Key news & initiatives
3.7 Regulatory landscape
3.8 Impact forces
- 3.8.1 Growth drivers
  - 3.8.1.1 Growing demand for cost-effective internet in remote areas
  - 3.8.1.2 Advancements in satellite technology
  - 3.8.1.3 Rapid expansion of 5G and IoT
  - 3.8.1.4 Increasing government initiatives for broadband connectivity
- 3.8.2 Industry pitfalls & challenges
  - 3.8.2.1 Limited bandwidth and data caps
3.9 Growth potential analysis
3.10 Porter's analysis
- 3.10.1 Supplier power
- 3.10.2 Buyer power
- 3.10.3 Threat of new entrants
- 3.10.4 Threat of substitutes
- 3.10.5 Industry rivalry
3.11 PESTEL analysis

Chapter 4 Competitive Landscape, 2023

4.1 Introduction
4.2 Company market share analysis
4.3 Competitive positioning matrix
4.4 Strategic outlook matrix

Chapter 5 Market Estimates & Forecast, By Frequency Band, 2018-2032 ($Bn)

5.1 Key trends
5.2 C
5.3 Ka
5.4 Ku
5.5 V
5.6 Others

Chapter 6 Market Estimates & Forecast, By Satellite Type, 2018-2032 ($Bn)

6.1 Key trends
6.2 Geostationary orbit
6.3 Medium earth orbit
6.4 Low earth orbit

Chapter 7 Market Estimates & Forecast, By Application, 2018-2032 ($Bn)

7.1 Key trends
7.2 Residential
- 7.2.1 Geostationary orbit
- 7.2.2 Medium earth orbit
- 7.2.3 Low earth orbit
7.3 Commercial
- 7.3.1 Telecom
  - 7.3.1.1 Geostationary orbit
  - 7.3.1.2 Medium earth orbit
  - 7.3.1.3 Low earth orbit
- 7.3.2 Military and defense
  - 7.3.2.1 Geostationary orbit
  - 7.3.2.2 Medium earth orbit
  - 7.3.2.3 Low earth orbit
- 7.3.3 Oil and gas
  - 7.3.3.1 Geostationary orbit
  - 7.3.3.2 Medium earth orbit
  - 7.3.3.3 Low earth orbit
- 7.3.4 Aviation
  - 7.3.4.1 Geostationary orbit
  - 7.3.4.2 Medium earth orbit
  - 7.3.4.3 Low earth orbit
- 7.3.5 Maritime
  - 7.3.5.1 Geostationary orbit
  - 7.3.5.2 Medium earth orbit
  - 7.3.5.3 Low earth orbit
- 7.3.6 Others
  - 7.3.6.1 Geostationary orbit
  - 7.3.6.2 Medium earth orbit
  - 7.3.6.3 Low earth orbit

Chapter 8 Market Estimates & Forecast, By Region, 2018-2032 ($Bn)

8.1 Key trends
8.2 North America
- 8.2.1 U.S.
- 8.2.2 Canada
8.3 Europe
- 8.3.1 UK
- 8.3.2 Germany
- 8.3.3 France
- 8.3.4 Italy
- 8.3.5 Spain
- 8.3.6 Russia
- 8.3.7 Nordics
- 8.3.8 Rest of Europe
8.4 Asia Pacific
- 8.4.1 China
- 8.4.2 India
- 8.4.3 Japan
- 8.4.4 South Korea
- 8.4.5 ANZ
- 8.4.6 Southeast Asia
- 8.4.7 Rest of Asia Pacific
8.5 Latin America
- 8.5.1 Brazil
- 8.5.2 Mexico
- 8.5.3 Argentina
- 8.5.4 Rest of Latin America
8.6 MEA
- 8.6.1 South Africa
- 8.6.2 Saudi Arabia
- 8.6.3 UAE
- 8.6.4 Rest of MEA

Chapter 9 Company Profiles

9.1 Amazon's Project Kuiper
9.2 Avanti Communications Group plc
9.3 China Satellite Communications Co., Ltd. (ChinaSat)
9.4 Echostar Corporation
9.5 Eutelsat S.A.
9.6 Gilat Satellite Networks
9.7 Globalstar, Inc.
9.8 Hispasat
9.9 Inmarsat plc
9.10 Intelsat S.A.
9.11 Iridium Communications Inc.
9.12 Kepler Communications
9.13 MEASAT Satellite Systems Sdn. Bhd.
9.14 OneWeb
9.15 SES S.A.
9.16 Starlink
9.17 Telesat
9.18 Thuraya Telecommunications Company
9.19 ViaSat Inc.
9.20 Yahsat

Broadband Satellite Services Market - By Frequency Band (C, Ka, Ku, V), By Satellite Type (Geostationary Orbit, Medium Earth Orbit, Low Earth Orbit), By Application (Residential, Commercial) & Forecast, 2024 - 2032