Satellite Internet Market was valued at USD 71.6 Billion in 2021, and it is expected to reach USD 147.99 Billion by 2029, exhibiting a CAGR of 9.5 % during the forecast period (2022-2029)
Maximize Market Research, a prominent international research firm specializing in the healthcare industry, has recently released a comprehensive report on the Satellite Internet Market. The analysis provides valuable insights into the market, including key commercial information, regional market sizes, and forecasts up to 2029.
Satellite Internet Market Overview:
The report delves into the dynamics of the Satellite Internet Market by thoroughly examining current and emerging trends. It employs Porter’s five forces analysis to assess various factors, such as competitive intensity, potential threats from different stakeholders, and the ability of emerging companies to acquire resources. To determine the market size at both regional and global levels, the research adopts a bottom-up approach, conducting a micro-level analysis of each country. By doing so, the report also evaluates the contribution of the unorganized market to the overall market size.
The findings of the report are validated through interviews with well-known local industry experts. The research utilizes both commercial and free databases for secondary research and analysis. Supply and consumption data from each market participant are obtained from reliable third-party sources, official government databases, and annual reports of publicly traded companies.
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Satellite Internet Market Segmentation:
by Component
• Equipment
o Satcom Transmitter/Transponder
o Satcom Antenna
o Satcom Transceiver
o Satcom Receiver
o Satcom Modem/Router
o Others
• Services
28.9 billion in 2021, will grow significantly during the projected period. The energy and utilities, agriculture, oil and gas, and military industries, as well as a growing number of connected, autonomous automobiles and a requirement for uninterrupted communication, are predicted to be the segment’s main development drivers. The component part further divides the Satcom transmitter/transponder, modem/router, antenna, transceiver, receiver, and other types. With a CAGR of 11.3% over the projected period, the Satcom transceiver is expected to expand the fastest of these. As demand for transcontinental coverage across networks has increased, the market for Satcom transceivers has grown.
by Application
• Asset Tracking/Monitoring
• Airtime
o M2M
o Voice
o Data
• Drones Connectivity
• Data Backup and Recovery
• Navigation and Monitoring
• Tele-medicine
• Broadcasting
• Others
Application: With a revenue share of roughly 14.8% in 2021, the media & broadcasting sector lead the market. The widespread use of satellites for broadcasting and ongoing distant coverage are just two reasons why this category has expanded. The government & defence division further divides emergency services, defence, and government (civil usage). The defence category dominated all others in the government & defence sector in 2021 with a market share of 41.9%. In order to deploy and improve communication across a variety of military and defence assets, including fighter jets, the military and defence forces have largely utilised satcom services. Due to the rising use of unmanned aircraft systems and all of their applications in both military and commercial settings, satellite communication systems have grown.
by Vertical
• Energy & Utility
• Government & Defense
o Government (Civil Uses)
o Emergency Responders
o Defense
• Transport & Cargo
o Fleet Management
o Rail services
• Maritime
• Mining And Oil & Gas
o Oil & Gas
o Mining
• Agriculture
• Communication Companies
• Corporates/Enterprises
• Media & Broadcasting
• Others
Vertical: In 2021, broadcasting had the biggest revenue share, or more than 22%. It is anticipated to grow at a significant CAGR of over 10% during the predicted period. The growth of the broadcasting industry has been impacted by the rise in demand for satellite communications for pay-tv and radio applications. Satcoms can offer perfect connectivity in remote and far-off regions, but the market’s growth over the coming years may be constrained by the growing popularity of over-the-top (OTT) services.
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Satellite Internet Market Regional Analysis:
- North America
- Europe
- Asia-Pacific
- The Middle East and Africa
- Latin America
The report thoroughly examines the Satellite Internet market, including manufacturer supply chains, prevailing regulations, cost structures, and market shares. It also explores regional markets by Analyzing product pricing in relation to profitability.
Satellite Internet Market Key Players:
• SES S.A
• Viasat, Inc.
• Intelsat
• Telesat
• EchoStar Corporation
• L3 Technologies, Inc.
• Thuraya Telecommunications Company
• SKY Perfect JSAT Group
• GILAT SATELLITE NETWORKS
• Cobham Limited
• Embratel
• Eutelsat Communications SA
• Freedomsat
• Hughes Network Systems, LLC
• OneWeb
• Singtel
• Skycasters
• SpaceX
• Wireless Innovations, Ltd
The research report addresses various market and industry-related topics, such as product launches, business expansion, collaborations, joint ventures, and acquisitions. Maximize Market Research, a globally recognized healthcare business consultancy firm, has employed its 18 years of domain expertise to provide market intelligence and a competitive landscape analysis of the Satellite Internet market. The report incorporates primary and secondary data, offering insights from both local and global perspectives.
Table of content for the Satellite Internet Market includes:
- Global Satellite Internet Market: Research Methodology
- Global Satellite Internet Market: Executive Summary
- Market Overview and Definitions
- Introduction to Global Satellite Internet Market
- Summary
- Key Findings
- Recommendations for Investors
- Recommendations for Market Leaders
- Recommendations for New Market Entry
- Global Satellite Internet Market: Competitive Analysis
- MMR Competition Matrix
- Market Structure by region
- Competitive Benchmarking of Key Players
- Consolidation in the Market
- M&A by region
- Key Developments by Companies
- Market Drivers
- Market Restraints
- Market Opportunities
- Market Challenges
- Market Dynamics
- PORTERS Five Forces Analysis
- PESTLE
- Regulatory Landscape by region
- North America
- Europe
- Asia Pacific
- Middle East and Africa
- South America
- COVID-19 Impact
- Global Satellite Internet Market Segmentation
- Global Satellite Internet Market, by Component(2022-2029)
- Global Satellite Internet Market, by Application(2022-2029)
- Global Satellite Internet Market, by Vertical(2022-2029)
- Regional Satellite Internet Market(2022-2029)
- Regional Satellite Internet Market, by Component(2022-2029)
- Regional Satellite Internet Market, by Application(2022-2029)
- Regional Satellite Internet Market, by Vertical(2022-2029)
- Regional Satellite Internet Market, by Country (2022-2029)
- Company Profile: Key players
- Company Overview
- Financial Overview
- Global Presence
- Capacity Portfolio
- Business Strategy
- Recent Developments
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Key Offerings:
- Past Market Size and Competitive Landscape (2018 to 2021)
- Past Pricing and price curve by region (2018 to 2021)
- Market Size, Share, Size & Forecast by different segment | 2022−2029
- Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by region
- Market Segmentation – A detailed analysis by Product
- Competitive Landscape – Profiles of selected key players by region from a strategic perspective
- Competitive landscape – Market Leaders, Market Followers, Regional player
- Competitive benchmarking of key players by region
- PESTLE Analysis
- PORTER’s analysis
- Value chain and supply chain analysis
- Legal Aspects of business by region
- Lucrative business opportunities with SWOT analysis
- Recommendations
About Maximize Market Research:
Maximize Market Research is a multifaceted Market Research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide Market -verified industry estimations, technical trend analysis, crucial Market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.
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