Satellite Communication Market Research Report 2024

Satellite Communication Market Segment Analysis:

Satellite Communication Market Segmented on the basis of Component, Orbit Class, Frequency Band, Application, and End-User.

By Orbit Class, Low Earth Orbit (LEO) Satellites Segment Is Expected to Dominate the Market During the Forecast Period

• These satellites are usually at a height of 500-1500 km above the surface of the earth as they are on the lower orbit, hence they can exhibit a much shorter period that is 95 to 120 minutes, they have high elevation for every spot to provide a high-quality communication on earth.
• A LEO satellite gives a better signal strength and less delay of time compared to a GEO satellite, which makes it better for point-to-point communication, it also requires a much smaller area of coverage which does not need a much larger area. They also can form a satellite constellation, which makes it and maintains a specific arrangement concerning other satellites.
• These satellites offer higher data transmission speeds where their lower altitude allows for faster data transfer compared to satellites in geostationary orbits. This makes it highly suitable for various applications where large amounts of data need to be transmitted quickly, such as high-speed internet connectivity and data-intensive communications.
• The reduced distance between the low earth orbits and ground stations is very less which makes it cost-effective ground stations. Hence in this way, the Low Earth Orbit (LEO) Satellites Segment Is Expected to Dominate the Market.

By End-User, Media Segment Held the Largest Share In 2023

• Satellites provide global coverage, that allows media companies to reach audiences in remote and geographically dispersed areas these broadcasting signals via satellites ensure widespread access to content, overcoming limitations posed by terrestrial infrastructure.
• Satellite communication provides superior signal transmission, which leads to improved audio and visual experiences for viewers or audiences. Satellites are not likely to experience any kind of signal deterioration due to weather conditions or physical obstacles.
• The broadcasting services like Direct-to-Home (DTH) television, Direct Broadcast Satellite (DBS) services, satellite radio, and satellite news allow media companies to efficiently distribute content to a large audience in real-time.
• They provide ample bandwidth capacity, which allows media companies to transmit large volumes of high-definition video, audio, and data simultaneously. Media companies use satellite communication systems to quickly establish connections during natural disasters or emergencies, that allows for the swift sharing of important information. Hence, in this way Media segment may dominate the Satellite Communication Market.

Satellite Communication Market Regional Insights:

North America is Expected to Dominate the Market Over the Forecast Period

• The telecommunication infrastructure in North America, especially in the United States, is highly developed and advanced. It possesses a strong network of ground stations, satellite control centers, and telecommunications providers that have significant expertise in satellite communication technology.
• There is a robust network of satellite manufacturers, communication equipment providers, and research institutions in this region, for innovation in the industry. This results in the advancement of satellite technologies, an increase in broadcasting systems, and efficient satellite networks.
• The Government agencies in this region are also collaborating extensively with private companies to encourage innovation, this facilitates the implementation of satellite systems and guarantees the security and dependability of satellite communication networks. This significant governmental support created an ideal atmosphere for the expansion of the satellite communication industry.
• The region also has Several major commercial satellite operators, where these operators offer satellite capacity, connectivity, and communication services to clients around the globe. Their existence in the area is increasing the satellite communication industry and leading to the growth of North America. Hence, in this way, North America is expected to dominate the Satellite Communication Market.

Satellite Communication Market Active Players

• 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.

Key Industry Developments in the Satellite Communication Market:

• In February 2024, Merah Putih-2 a telecommunications satellite, which is named as Telkomsat HTS 113BT, was successfully launched atop a SpaceX Falcon9 vehicle from Cape Canaveral in Florida which is designed to strengthen connectivity infrastructure throughout Indonesia, Merah Putih-2 aims to enhance digital businesses by offering superior quality of service to the Indonesian society.
• In January 2024, NewSpace India Limited (NSIL), a Govt. of India company under the Department of Space and the commercial arm of ISRO Announced that it is going to undertake its 2nd Demand-driven communication satellite mission involving GSAT-20 [renamed as GSAT-N2], a high-throughput Ka-band Satellite during 2nd quarter of 2024 it offers Ka-Ka band HTS capacity with 32 beams having Pan-India coverage including A&N and Lakshadweep islands.   

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