Fixed Satellite Services Market Demand Analysis Study Report | Industry Scope Till 2030
Increasing investments in military satellite communication and rising demand for broadband coomunication services from consumers in residential sector and from corporate enterprises are some key factors driving market revenue growth
Market Size – USD 18.56 Billion in 2021, Market Growth
– at a CAGR of 4.6%, Market Trend – Increasing 5G penetration globally
The global Fixed Satellite Services market size is expected to reach USD 27.66
Billion in 2030 and register a revenue CAGR of 4.6% over the forecast period,
according to latest report by Reports and Data. Increasing investments in
military satellite communication infrastructure and rising demand for broadband
services in residential and commercial sectors are key factors expected to
drive market revenue growth during the forecast period.
Increasing 5G
penetration is another factor expected to boost market revenue growth due to
increasing need for high-speed Internet among consumers in various countries
across the globe. 5G connection requires fixed satellites to develop high-speed
connection, and is ideal prospect for satellite network operators to offer
considerably wider range of services to its customers. 5G technology enables
service providers to utilize satellite connectivity in order to enhance
services offered and offload the network using capabilities of 5G technology
such as backhauling, multicasting, and mobility access. Network operators will
be able to combine their 5G services with satellite connections to offload
their terrestrial networks on a massive scale. These factors are boosting
revenue growth of the Fixed Satellite Services market.
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Increasing
investments in military satellite communication and rising demand for corporate
enterprise networks and consumer broadband are factors expected to boost
revenue growth of the global Fixed Satellite Services market. Consumers are
demanding high-speed Internet connectivity, especially in rural areas, which
can be provided through fixed satellite services. Satellite companies are
deploying new satellites to fulfill ongoing demand in remote places. In
addition, high demand for Fixed Satellite Services for enhancing military
satellite communications infrastructure such as support airborne intelligence,
surveillance, and reconnaissance assets is expected to boost market revenue
growth during the forecast period.
However, frequency
of fixed satellite service satellites in orbit is restricted by satellite
bandwidth and orbital site accessibility. Once a satellite provider has
obtained access to an orbital site, it is unlikely that orbital site will be
relinquished for use by other operators unless orbital area is no longer
required to fulfill current demand. Limited orbital sites and enforcement procedures
within international regulations constrain could hamper Fixed Satellite
Services market revenue growth during the forecast period.
Some Key Highlights in the Report
- Backhaul services segment is expected to
register significantly rapid revenue growth rate during the forecast
period due to increasing adoption of backhaul services among government
agencies, and Small and Medium-sized Enterprises (SMEs) to connect
multiple offices operating in different geographical areas without the
need for huge investments in fiber optic cables.
- Media and entertainment segment is
expected to register rapid revenue CAGR over the forecast period due to
rising demand for Fixed Satellite Services from this industry. In
addition, increasing use of Internet-based services such as Video on
Demand (VoD), live streaming, and high-definition broadcasting is expected
to drive revenue growth of this segment during the forecast period.
- Europe market is expected to register
steady revenue growth rate over the forecast period, due to rise in demand
for broadband access, increasing production and sale of smartphones and
various Internet-powered devices, and growing use of business
communication lines in various SMEs and large-scale companies such as
trunking and backhauling .
- Major companies profiled in the global
market report include Arab Satellite Communications Organization, Eutelsat
Communications S.A, Telesat Holdings Inc., Singapore Telecommunications
Limited, Intelsat S.A, Thaicom Public Company Limited, SES S.A, SKY Perfect
JSAT Group, Telenor Satellite AS, and Nigerian Communications Satellite
Limited
- In February 2022, Eutelsat
Communications signed a multi-year contract extension with Marlink,
expanding on a worldwide maritime partnership deal signed by both firms in
2019. Eutelsat will supply additional Ku-band Geostationary Orbit (GEO)
capacity to Marlink's maritime Very-Small-Aperture Terminal (VSAT)
platform throughout the Americas, Africa, Asia Pacific, and Middle East as
part of extension.
For this report,
Reports and Data has segmented the global Fixed Satellite Services market based
on service type, organization size, industry vertical, and region:
Service Type Outlook (Revenue, USD Billion; 2019-2030)
- Channel Broadcast
- Wholesale
- Audiovisual Contribution and Distribution
- Broadband and Enterprise Network
- Backhaul Services
- Managed Services
- Others
Organization Size Outlook (Revenue, USD Billion;
2019-2030)
- Small Office and Home Office
- Small and Medium Businesses
- Large Enterprises
Industry Vertical Outlook (Revenue, USD Billion;
2019-2030)
- Aerospace and Defense
- Government
- Education
- Retail
- Media and Entertainment
- Oil and Gas
- Telecom and IT
- Others
Regional Outlook (Revenue, USD Billion; 2019-2030)
- North
America
- Europe
- Asia-Pacific
- Latin
America
- Middle
East & Africa
Key Advantages of Fixed Satellite Services Report:
• Identification
and analysis of the market size and competition
• Qualitative
and quantitative analysis of the market data
• Data
validated by industry experts after extensive primary and secondary research
• Extensive
regional analysis of the Fixed Satellite Services industry
• Profiling
of key players along with their business overview, business strategies, deals
and partnerships, and product portfolio
• SWOT and
Porter’s Five Forces Analysis for in-depth understanding of the competitive
landscape
• Feasibility
analysis and investment analysis to enable strategic investment decisions
• Analysis
of opportunities, drivers, restraints, challenges, risks, and limitations
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