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Satellite Communication Trends and Forecast
The future of the global satellite communication market looks promising with opportunities in the maritime, aerospace and defense, government, transportation and logistics, and media markets. The global satellite communication market is expected to reach an estimated $112.9 billion by 2030 with a CAGR of 13.0% from 2024 to 2030. The major drivers for this market are the increasing need for high-throughput satellite systems (HTS) in order to boost data speeds and capacity and growing usage of satellite communications in the defense and government.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Satellite Communication by Segment
The study includes a forecast for the global satellite communication by type, end use industry, and region.
Satellite Communication Market by Type [Shipment Analysis by Value from 2018 to 2030]:
• Ground Equipment
• Service
Satellite Communication Market by End Use Industry [Shipment Analysis by Value from 2018 to 2030]:
• Maritime
• Aerospace and Defense
• Government
• Transportation and Logistics
• Media
• Others
Satellite Communication Market by Region [Shipment Analysis by Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Satellite Communication Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies satellite communication companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the satellite communication companies profiled in this report include-
• Viasat
• SES
• Intelsat
• Telesat
• Echostar Corporation
• L3Harris Technologies
• Thuraya Telecommunications Company
• Sky Perfect Jsat
• Gilat Satellite Networks
• Cobham Limited
Satellite Communication Market Insights
Lucintel forecasts that service is expected to witness highest growth over the forecast period.
Within this market, media and entertainment will remain the largest segment.
APAC is expected to witness highest growth over the forecast period.
Features of the Global Satellite Communication Market
Market Size Estimates: Satellite communication market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis:Satellite communication market size by type, end use industry, and region in terms of value ($B).
Regional Analysis: Satellite communication market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different type, end use industry, and regions for the satellite communication market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the satellite communication market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q.1 What is the satellite communication market size?
Answer: The global satellite communication market is expected to reach an estimated $112.9 billion by 2030.
Q.2 What is the growth forecast for satellite communication market?
Answer: The global power electronic market is expected to grow with a CAGR of 13.0% from 2024 to 2030.
Q.3 What are the major drivers influencing the growth of the satellite communication market?
Answer: The major drivers for this market are the increasing need for high-throughput satellite systems (HTS) in order to boost data speeds and capacity and growing usage of satellite communications in the defense and government.
Q4. What are the major segments for satellite communication market?
Answer: The future of the satellite communication market looks promising with opportunities in the maritime, aerospace and defense, government, transportation and logistics, and media markets
Q5. Who are the key Satellite Communication Market companies?
Answer: Some of the key satellite communication companies are as follows:
• Viasat
• SES
• Intelsat
• Telesat
• EchoStar Corporation
• L3Harris Technologies
• Thuraya Telecommunications Company
• SKY Perfect JSAT
• GILAT SATELLITE NETWORKS
• Cobham Limited
Q6. Which satellite communication market segment will be the largest in future?
Answer: Lucintel forecasts that service is expected to witness highest growth over the forecast period.
Q7. In satellite communication market, which region is expected to be the largest in next 5 years?
Answer: APAC is expected to witness highest growth over the forecast period.
Q.8 Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the satellite communication market by type (ground equipment, and service), end use industry (maritime, aerospace and defense, government, transportation and logistics, media and others market), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
For any questions related to Satellite Communication Market, Satellite Communication Market Size, Satellite Communication Market Growth, Satellite Communication Market Analysis, Satellite Communication Market Report, Satellite Communication Market Share, Satellite Communication Market Trends, Satellite Communication Market Forecast, Satellite Communication Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.
Table of Contents
1. Executive Summary
2. Global Satellite Communication Market : Market Dynamics
2.1: Introduction, Background, and Classifications
2.2: Supply Chain
2.3: Industry Drivers and Challenges
3. Market Trends and Forecast Analysis from 2018 to 2030
3.1. Macroeconomic Trends (2018-2023) and Forecast (2024-2030)
3.2. Global Satellite Communication Market Trends (2018-2023) and Forecast (2024-2030)
3.3: Global Satellite Communication Market by Type
3.3.1: Ground Equipment
3.3.2: Service
3.4: Global Satellite Communication Market by End Use Industry
3.4.1: Maritime
3.4.2: Aerospace and Defense
3.4.3: Enterprises
3.4.4: Media and Entertainment
3.4.5: Other End Use Industry Verticals
maritime, aerospace and defense, government, transportation and logistics, and media markets
4. Market Trends and Forecast Analysis by Region from 2018 to 2030
4.1: Global Satellite Communication Market by Region
4.2: North American Satellite Communication Market
4.2.2: North American Satellite CommunicationMarket by End Use Industry: Maritime, Defense and Government, Enterprises, Media and Entertainment, and Other End Use Industryr Verticals
4.3: European Satellite Communication Market
4.3.1: European Satellite CommunicationMarket by Type :Ground Equipment and Service
4.3.2: European Satellite CommunicationMarket by End Use Industry: Maritime, Defense and Government, Enterprises, Media and Entertainment, and Other End Use Industryr Verticals
4.4: APAC Satellite Communication Market
4.4.1: APAC Satellite CommunicationMarket by Type : Ground Equipment and Service
4.4.2: APAC Satellite CommunicationMarket by End Use Industry: Maritime, Defense and Government, Enterprises, Media and Entertainment, and Other End Use Industryr Verticals
4.5: ROW Satellite Communication Market
4.5.1: ROW Satellite CommunicationMarket by Type: Ground Equipment and Service
4.5.2: ROW Satellite CommunicationMarket by End Use Industry: Maritime, Defense and Government, Enterprises, Media and Entertainment, and Other End Use Industryr Verticals
5. Competitor Analysis
5.1: Product Portfolio Analysis
5.2: Operational Integration
5.3: Porter’s Five Forces Analysis
6. Growth Opportunities and Strategic Analysis
6.1: Growth Opportunity Analysis
6.1.1: Growth Opportunities for the Global Satellite Communication Market by Type
6.1.2: Growth Opportunities for the Global Satellite Communication Market by End Use Industry
6.1.5: Growth Opportunities for the Global Satellite Communication Market by Region
6.2: Emerging Trends in the Global Satellite Communication Market
6.3: Strategic Analysis
6.3.1: New Product Development
6.3.2: Capacity Expansion of the Global Satellite Communication Market
6.3.3: Mergers, Acquisitions, and Joint Ventures in the Global Satellite Communication Market
6.3.4: Certification and Licensing
7. Company Profiles of Leading Players
7.1: Viasat
7.2: SES
7.3: Intelsat
7.4: Telesat
7.5: EchoStar Corporation
7.6: L3Harris Technologies
7.7: Thuraya Telecommunications Company
7.8: SKY Perfect JSAT
7.9: GILAT SATELLITE NETWORKS
7.10: Cobham Limited
.
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Lucintel has been in the business of market research and management consulting since 2000 and has published over 1000 market intelligence reports in various markets / applications and served over 1,000 clients worldwide. This study is a culmination of four months of full-time effort performed by Lucintel's analyst team. The analysts used the following sources for the creation and completion of this valuable report:
In-depth interviews of the major players in this market
Detailed secondary research from competitors’ financial statements and published data
Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
A compilation of the experiences, judgments, and insights of Lucintel’s professionals, who have analyzed and tracked this market over the years.
Extensive research and interviews are conducted across the supply chain of this market to estimate market share, market size, trends, drivers, challenges, and forecasts. Below is a brief summary of the primary interviews that were conducted by job function for this report.
Thus, Lucintel compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. Lucintel then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process. The figure below is a graphical representation of Lucintel’s research process.
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