
Satellite Communication Market Size Was Valued at USD 64.24 Billion in 2023 and is Projected to Reach USD 159.07 Billion by 2032, Growing at a CAGR of 10.6% From 2024-2032.
Satellite communication is an artificial satellite that relays and amplifies radio telecommunication signals through a transponder and creates a communication channel between a source transmitter and a receiver at different locations on Earth.Satellite communication is mainly used for TV broadcasting where in this way, the signal can be transmitted to a large geographical region. They are very useful in providing telephone coverage for any region, they provide full coverage for phone, fax, and internet connection.
A VSAT terminal which is connected to the satellite is used to create a two-way communication for accessing Remote ATM locations and network Connectivity in Rural Areas. It has applications in Monitoring power lines, Monitoring vegetation in corridors, forecasting the weather which is an input for planning operations, for Synchronizing electronic equipment to track the location of any device.
It is also beneficial for the Telemedicine Program of Satellite communication and information technology with Biomedical Engineering and Medical Sciences to deliver Medical and healthcare services to remote, distant, and underserved regions.It is also applicable for Tele-Education services which is very helpful to the seekers which was the main way during the pandemic, it is used for Communication in Disaster management by predicting the weather conditions. It is used for Business communications and commercial use mainly through media etc.
“Intelsat (United States), SES S.A. (Luxembourg), Eutelsat Communications (France), Inmarsat Global Limited (United Kingdom), Iridium Communications Inc. (United States), Viasat Inc. (United States), Thales Group (France), Honeywell International Inc. (United States), L3Harris Technologies, Inc. (United States), Cobham Limited (United Kingdom), Gilat Satellite Networks (Israel), EchoStar Corporation (United States), SpaceX (United States), Boeing (United States), Northrop Grumman (United States), Lockheed Martin (United States), Qualcomm Technologies, Inc. (United States), Hughes Network Systems (United States), Blue Origin (United States), Telesat (Canada), Leonardo S.p.A. (Italy), OHB SE (Germany), SatixFy (Israel), Avanti Communications (United Kingdom), Globalstar, Inc. (United States) and Other Active Players.”
Source: Company Database
Satellite Communication Market Segmented on the basis of Component, Orbit Class, Frequency Band, Application, and End-User.
Satellite Communication Market |
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Base Year: |
2023 |
Forecast Period: |
2024-2032 |
Historical Data: |
2017 to 2023 |
Market Size in 2023: |
USD 64.24 Bn. |
Forecast Period 2024-32 CAGR: |
10.6 % |
Market Size in 2032: |
USD 159.07 Bn. |
Segments Covered: |
By Component |
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By Orbit Class |
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By Frequency Band |
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By Application |
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By End-User |
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By Region |
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Key Market Drivers: |
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Key Market Restraints: |
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Key Opportunities: |
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Companies Covered in the report: |
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Chapter 1: Introduction
1.1 Scope and Coverage
Chapter 2:Executive Summary
Chapter 3: Market Landscape
3.1 Market Dynamics
3.1.1 Drivers
3.1.2 Restraints
3.1.3 Opportunities
3.1.4 Challenges
3.2 Market Trend Analysis
3.3 PESTLE Analysis
3.4 Porter's Five Forces Analysis
3.5 Industry Value Chain Analysis
3.6 Ecosystem
3.7 Regulatory Landscape
3.8 Price Trend Analysis
3.9 Patent Analysis
3.10 Technology Evolution
3.11 Investment Pockets
3.12 Import-Export Analysis
Chapter 4: Satellite Communication Market by By Component
4.1 Satellite Communication Market Snapshot and Growth Engine
4.2 Satellite Communication Market Overview
4.3 Equipment {SATCOM Transponder
4.3.1 Introduction and Market Overview
4.3.2 Historic and Forecasted Market Size in
The forecast period in the Satellite Communication Market research report is 2024-2032.
Intelsat (United States), SES S.A. (Luxembourg), Eutelsat Communications (France), Inmarsat Global Limited (United Kingdom), Iridium Communications Inc. (United States), Viasat Inc. (United States), Thales Group (France), Honeywell International Inc. (United States), L3Harris Technologies, Inc. (United States), Cobham Limited (United Kingdom), Gilat Satellite Networks (Israel), EchoStar Corporation (United States), SpaceX (United States), Boeing (United States), Northrop Grumman (United States), Lockheed Martin (United States), Qualcomm Technologies, Inc. (United States), Hughes Network Systems (United States), Blue Origin (United States), Telesat (Canada), Leonardo S.p.A. (Italy), OHB SE (Germany), SatixFy (Israel), Avanti Communications (United Kingdom), Globalstar, Inc. (United States) and Other Active Players.
The Satellite Communication Market is segmented into Component, Orbit Class, Frequency Band, Application, End-User, and region. By Component, the market is categorized into Equipment {SATCOM Transponder, SATCOM Transceiver, SATCOM Antenna, SATCOM Modem, SATCOM Receiver}, and Services. By Orbit Class, the market is categorized into Low Earth Orbit (LEO) Satellites, Medium Earth Orbit (MEO) Satellites, and Geostationary Equatorial Orbit (GEO) Satellites. By Frequency Band, the market is categorized into L-band, S-band, C-band, X-band, Ku-band, And Ka-band. By Application, the market is categorized into Asset Tracking/Monitoring, Airtime {M2M, Voice, Data}, drone connectivity, Data Backup and Recovery, Navigation and Monitoring, And Tele-medicine, Others {Broadcasting}. By End-User, The Market Is Categorized into Maritime, Aerospace and Defense, Industrial, Government, Media, And Transportation and Logistics. By region, it is analyzed across North America (U.S.; Canada; Mexico), Eastern Europe (Bulgaria; The Czech Republic; Hungary; Poland; Romania; Rest of Eastern Europe), Western Europe (Germany; UK; France; Netherlands; Italy; Russia; Spain; Rest of Western Europe), Asia-Pacific (China; India; Japan; Southeast Asia, etc.), South America (Brazil; Argentina, etc.), Middle East & Africa (Saudi Arabia; South Africa, etc.).
Satellite communication is an artificial satellite that relays and amplifies radio telecommunication signals through a transponder.
Satellite Communication Market Size Was Valued at USD 64.24 Billion in 2023 and is Projected to Reach USD 159.07 Billion by 2032, Growing at a CAGR of 10.6% From 2024-2032.