PUBLISHER: The Business Research Company | PRODUCT CODE: 1543833
PUBLISHER: The Business Research Company | PRODUCT CODE: 1543833
Satellite Telecommunications Global Market Opportunities And Strategies To 2033
Satellite telecommunications refer to the use of satellite technology to transmit information, such as voice, data and video, over long distances. These communications are facilitated through satellites orbiting the Earth, which act as relay stations to receive signals from a ground station, amplify them and transmit them to another ground station. This technology enables global communication, including remote areas where traditional terrestrial networks are not feasible.
The satellite telecommunications market consists of sales, by entities (organizations, sole traders or partnerships), of satellite-based communication services and equipment, including transponders, antennas, modems and ground station equipment for voice, data and video transmission.
The global satellite telecommunications market was valued at $33,948.42 million in 2018 which grew till 2023 at a compound annual growth rate (CAGR) of more than 3.0%.
Increase In Demand For Low Earth Orbit Satellites
The increase in demand for low-earth orbit satellites fueled the growth of the satellite telecommunications market during the historic period. Low Earth Orbit (LEO) satellites, orbiting between 180 and 2,000 kilometers above Earth, offer lower latency, higher speeds and efficient coverage, making them ideal for broadband, IoT and real-time communications.. Their proximity enables efficient data exchange. The surge in LEO deployments, driven by technological advancements and global connectivity needs, attracted significant investments, boosting telecommunications, defense and commercial sectors. For instance, in June 2022, the US Space Force's Commercial Satellite Communications Office (CSCO) stated that it plans to award nearly $2.3 billion in commercial satellite communications contracts over the next two years. CSCO buys commercial satellite capacity and services for the US armed forces and allies. The largest of the commercial opportunities is an $875 million multiple-award deal for low-earth orbit satellite broadband services over 10 years. Therefore, the increase in demand for low-earth orbit satellites drove the growth of the satellite telecommunications market.
Innovative Advancements In Geostationary Satellite Technology For Enhancing Performance And Efficiency
Major companies in the market are focusing on innovative advancements in geostationary satellite technology that significantly enhance performance and efficiency, revolutionizing the capabilities and applications of these satellites. These advancements expanded the capabilities of geostationary satellites beyond traditional communication services, enabling them to support diverse and bandwidth-intensive applications across global markets effectively. For instance, in April 2024, Astranis Space Technologies Corp., a US-based geostationary communications satellite company, introduced the Omega, an enhanced version of its MicroGEO communications satellite. The Omega, weighing 600 kg, offers superior pound-for-pound performance among geostationary satellites, delivering over 50 Gbps throughput per satellite in a compact form factor. This next-generation broadband communications system utilizes Astranis-designed semiconductors for high-power radio frequency signals, replacing traditional vacuum tubes. Omega aims to set a new standard in satellite technology, providing advanced capabilities for broadband communication needs.
The global satellite telecommunications market is fragmented, with a large number of small players operating in the market. The top ten competitors in the market made up 6.13% of the total market in 2023.
Satellite Telecommunications Global Market Opportunities And Strategies To 2033 from The Business Research Company provides the strategists; marketers and senior management with the critical information they need to assess the global satellite telecommunications market as it emerges from the COVID-19 shut down.
Reasons to Purchase
- Gain a truly global perspective with the most comprehensive report available on this market covering 15 geographies.
- Understand how the market is being affected by the coronavirus and how it is likely to emerge and grow as the impact of the virus abates.
- Create regional and country strategies on the basis of local data and analysis.
- Identify growth segments for investment.
The report covers the following chapters
Markets Covered:
Table of Contents
1 Executive Summary
- 1.1 Satellite Telecommunications - Market Attractiveness And Macro economic Landscape
2 Table Of Contents
3 List Of Tables
4 List Of Figures
5 Report Structure
6 Market Characteristics
- 6.1 General Market Definition
- 6.2 Summary
- 6.3 Satellite Telecommunications Market Definition And Segmentations
- 6.4 Market Segmentation By Component
7 Major Market Trends
8 Satellite Telecommunications Market - Macro-Economic Scenario
9 Global Market Size And Growth
10 Global Satellite Telecommunications Market Segmentation
11 Satellite Telecommunications Market, Regional and Country Analysis
12 Asia-Pacific Market
13 Western Europe Market
14 Eastern Europe Market
15 North America Market
16 South America Market
17 Middle East Market
18 Africa Market
19 Competitive Landscape And Company Profiles
20 Competitive Benchmarking
21 Competitive Dashboard
22 Key Mergers And Acquisitions
23 Opportunities And Strategies
24 Satellite Telecommunications Market, Conclusions And Recommendations
25 Appendix
