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Satellite Communication Market by Application (Voice Communication, Broadcasting, and Data Communication), Component (Equipment and Services), and End-Use Industry (Maritime, Aerospace & Defense, Industrial, Government, Transportation & Logistics, Media, and Others): Global Opportunity Analysis and Industry Forecast, 2020–2027

A10519
Pages: 319
Apr 2021 | 1492 Views
   
Author(s) : Mayank Halmare, Himanshu Joshi , Sonia Mutreja
Tables: 117
Charts: 73
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COVID-19

Pandemic disrupted the entire world and affected many industries.

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Satellite Communication Market Statistics - 2027

The global satellite communication market was valued at $56,016.2 million in 2019, and is projected to reach $99,588.02 million in 2027, registering a CAGR of 9.2%.    

The rapid spread of COVID-19 had a significant impact on the global satellite communication industry in 2020, owing to the disruption in the supply chain of essential raw materials. COVID-19 pandemic led to several challenges for the satellite industry such as lowered production, non-availability of materials, logistics challenges, and others. Maritime, aviation, and communication were one of the most severely affected industries by the pandemic and observed a decline of investments initially. Although many challenges lie ahead, coronavirus accelerated some positive developments for the market. For instance, several countries such as China implemented the use of satellite communication services for the identification of demographics of vulnerable and highly contagious COVID-19 areas through connecting the database of local geographic information and COVID-19 infected persons. The increasing rate of COVID-19 vaccination across the world is expected to alleviate the pandemic’s impact on the global satellite communication business.

Artificial or man-made satellites orbit the Earth or other celestial objects for analyzing and predicting solar system and universe. The satellites are also utilized for communication applications such as television signals, phone calls, positioning technology, military, and others. Satellite communication is achieved through transmission of radio waves from satellite, and capturing & processing of information from antennas and transponders installed at different locations on Earth. The space organizations are increasing satellite launches globally to overcome the maximum distance signal transmission constraint associated with the conventional signal communication system. The satellites relay digital and analog signals for transmitting voice, video, and data across several locations worldwide.

Satelite-Communication-Market

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The increase in development of new satellite technologies is anticipated to fuel the growth of the global satellite communication market during the forecast period. For instance, in April 2021, Northrop Grumman announced successful docking of its Mission Extension Vehicle 2 to Intelsat 10-02 a commercial satellite. Mission Extension Vehicle 2 is a robot spacecraft that extends the life of satellites.

The satellite communication market is segmented into application, component, end-use industry, and region. Based on application, the market is segmented into voice communication, broadcasting, and data communication. Based on component, it is further divided into equipment and services. Based on end-use industry, the market is classified into maritime, aerospace & defense, industrial, government, transportation and logistics, and media. Region wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

The key players operating in the global satellite communication market include Al Yah Satellite Communication Company PJSC (Yahsat), Cobham Ltd, EchoStar Corporation, General Dynamics Corporation, Gilat Satellite Networks Ltd., Inmarsat Global Limited, L3Harris Technologies, Inc., SES S.A., SKY Perfect JSAT Holdings Inc., Telesat Canada, and Viasat, Inc.

Increase in Internet of Things (IoT) and autonomous systems

Robust IoT, Artificial Intelligence (AI), and autonomous technologies are being increasingly implemented throughout several industries namely automobile, defense, and healthcare. These technical tools are employed to increase the efficiency and effectiveness of the new installation or existing infrastructure. For instance, in September 2020, Microsoft announced the development of a healthcare cloud service. The healthcare cloud service is a digital health technology aimed to provide seamless interactions among various IoT devices, sensors, and users. Multiple tech giants have started developing smart technologies to support the growth and adoption of autonomous systems in real-world applications. Moreover, autonomous systems provide extended safety and comfort for their users by analyzing real-time data to facilitate overall user experience. For instance, Samsung Electronics is developing an autonomous driving chip to be installed in vehicles for providing central control and obtain autonomous driving by further exchanging information in real-time through the data centers of Google. Furthermore, smart technologies such as IoT and autonomous systems need extensive and secure network connections for their operation. Satellite communication is being increasingly utilized to provide these systems with the required communication channel. For instance, in March 2021, SpaceX filed for approval from the US Federal Communications Commission (FCC) to enable broadband capabilities in moving autonomous vehicles which will further ensure connectivity in remote areas through SpaceX's satellite system.

An increase in the adoption of the satellite communication system to enhance the potential of IoT and autonomous technologies is anticipated to propel the growth of the global satellite communication market during the forecast period.

Satellite Communication Market
By Application

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Data Communication is projected as the most lucrative segments

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Rise in demand for military & defense satellite communication solutions

Military & defense forces around the world require flexible, secure, and reliable communications networks to facilitate information sharing for critical missions. Military and defense users work with private organizations for developing mission-specific satellite communication (SATCOM) solutions. For instance, in February 2021, the French defense procurement agency (DGA) chose Thales Alenia Space for developing the satellite communications system Syracuse IV for the French armed forces. Syracuse IV will be a highly resilient SATCOM system and will possess the quality to be operated in highly contested environments. Moreover, military and defense forces around the world are upgrading their existing infrastructure to enhance them in battle and defense efficacy. For instance, in February 2021, Hanwha Systems, a defense contractor in South Korea announced the development of an on-the-move military satellite communication terminal in partnership with Intellian Technologies. The terminal will enable support for real-time command and control for the ground forces on the battlefield. Commercial players have further increased the development of advanced hardware and services, owing to an increase in demand for SATCOM solutions from the defense industry. For instance, ThinKom Solutions, Inc. developed a new version of Aero Satellite Communication Antennas in March 2021. The new product variant enables embedded phased-array applications and allows flexibility in the installation for military beyond-line-of-sight (BLOS) missions.

Satellite communications augment military and defense communication, which is expected to be a major driver for the growth of the satellite communication market during the forecast period.   

Satellite Communication Market
By Component

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Equipment is projected as the most lucrative segments

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Cybersecurity threats to satellite communication

Rapid increase in operational in-orbit satellites further increases concerns and security risks associated with satellite communication. Satellite systems are responsible for global bandwidth communication and are at risk of exploitation by cyber criminals. Government and private organizations are dependent on satellites for critical services and operations namely meteorological and weather monitoring, remote sensing, communications, navigation, and imaging. Critical systems and infrastructure such as electrical grids, mobile networks, and Global Positioning System (GPS) technologies are also reliant on satellites. Moreover, satellites are operated from ground systems, which provide cyber criminals to take advantage of security loopholes and hack in the satellite system. Disruption in satellite communication service creates economic and impending losses for these crucial and vital frameworks. In addition, the downlink and uplink transmission carried out by satellites with open telecom networks can be intercepted and altered by hackers. The long-range telemetry utilized for satellite communications is also susceptible to cyberattacks.

These security threats restrain the growth of the satellite communication market.

Satellite Communication Market
By End Use Industry

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Aerospace and Defense is projected as the most lucrative segments

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Interference in satellite data transmission

Satellite communication systems are designed for transmitting and receiving signals on the internet, telephony, backhaul, and other services. Interference in the satellite communication operations severely impacts the performance of the satellite and result in a significant loss of income for the operators. Moreover, additional costs have to be spent on fixing and debugging the problems in communication to further enable normal communications. Interference in SATCOM occurs due to various factors such as interference from high-power radar, intentional jammers, unauthorized transmissions namely piracy, adjacent satellite interference (ASI), interference from broadcast FM transmitters, aircraft interference, and adjacent frequency emissions from other signals, among others. For instance, in February 2021, Dish demonstrated interference in the 12GHz spectrum between Starlink’s satellite internet service and Dish’s terminals. Moreover, intentional hindrance created by terrorists and criminals to manipulate the SATCOM operations further creates an obstacle in satellite data transmission.

Furthermore, the proliferation of satellites in space also increases interference in the transmission of data between the ground station and the satellite. Factors such as the increase in the number of satellites and adjacent frequency emissions generate interference in data transmission through satellite, which further acts as a restraint for satellite communication market’s growth. 

Satellite Communication Market
By Region

2027
Europe 
North America
Asia-pacific
Lamea

Asia Pacific would exhibit the highest CAGR of 10.1% during 2020-2027.

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COVID-19 Impact Analysis 

  • The COVID impact on the satellite communication market is unpredictable and it is expected to remain in force till the second quarter of 2021. 
  • The COVID-19 outbreak forced the governments across the globe to implement strict lockdowns and made the social distancing mandatory to contain the spread of the virus. Consequently, several organizations started the work from home programs as safety measures. This led to sudden increase in demand for internet service, which further promotes rise in demand for satellite communication across the world. 
  • Moreover, the nationwide lockdown forced the satellite manufacturing facilities to partially or completely shut their operations.
  • The adverse impacts of the COVID-19 pandemic have resulted in the delays in the activities and initiatives regarding the development of innovative satellite communication solutions.

Key Benefits For Stakeholders

  • This study presents the analytical depiction of the global satellite communication market analysis along with the current trends and future estimations to depict imminent investment pockets.
  • The overall satellite communication market opportunity is determined by understanding profitable trends to gain a stronger foothold.
  • The report presents information related to the key drivers, restraints, and opportunities of the global satellite communication market with a detailed impact analysis.
  • The current satellite communication market is quantitatively analyzed from 2019 to 2027 to benchmark the financial competency.
  • Porter’s five forces analysis illustrates the potency of the buyers and suppliers in the industry.

Key Market Segments

By Application

  • Voice communication
  • Broadcasting
  • Data Communication

By Component

  • Equipment
  • Services

By End-Use Industry

  • Maritime
  • Aerospace and Defense
  • Industrial
  • Government
  • Transportation and Logistics
  • Media
  • Others

By Region

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • France
    • Spain
    • UK
    • Rest of Europe
  • Asia-Pacific
    • China
    • Japan
    • India
    • South Korea
    • Rest of Asia-Pacific
  • LAMEA
    • Latin America
    • Middle East
    • Africa

KEY PLAYERS

  • Al Yah Satellite Communication Company PJSC (Yahsat)
  • Cobham Ltd
  • EchoStar Corporation
  • General Dynamics Corporation
  • Gilat Satellite Networks Ltd.
  • Inmarsat Global Limited
  • L3Harris Technologies, Inc.
  • SES S.A.
  • SKY Perfect JSAT Holdings Inc.
  • Telesat Canada 
  • Viasat, Inc.
 

CHAPTER 1:INTRODUCTION

1.1.Report description
1.2.Key benefits for stakeholders
1.3.Key market segments

1.4.Research methodology

1.4.1.Primary research
1.4.2.Secondary research
1.4.3.Analyst tools and models

CHAPTER 2:EXECUTIVE SUMMARY

2.1.CXO perspective

CHAPTER 3:MARKET OVERVIEW

3.1.Market definition and scope

3.2.Key findings

3.2.1.Top impacting factors
3.2.2.Top investment pockets
3.2.3.Top winning strategies

3.3.Porter’s five forces analysis
3.4.Key player positioning, 2020

3.5.Market dynamics

3.5.1.Drivers

3.5.1.1.Increase in Internet of Things (IoT) and autonomous systems
3.5.1.2.Rise in demand for military and defense satellite communication solutions
3.5.1.3.Increase in adoption of SATCOM equipment in online streaming services, radio and TV broadcast

3.5.2.Restraints

3.5.2.1.Cybersecurity threats to satellite communication
3.5.2.2.Interference in satellite data transmission

3.5.3.Opportunities

3.5.3.1.Technological advancements in satellite missions
3.5.3.2.Deployment of 5G network through satellites

3.6.COVID-19 impact analysis

3.6.1.Evolution of outbreak

3.6.2.Micro-economic impact analysis

3.6.2.1.Consumer trends
3.6.2.2.Technology trends
3.6.2.3.Regulatory trends

3.6.3.Macro-economic impact analysis

3.6.3.1.GDP
3.6.3.2.Import/export analysis
3.6.3.3.Employment index
3.6.3.4.Impact on the satellite communication industry

CHAPTER 4:GLOBAL SATELLITE COMMUNICATION MARKET, BY COMPONENT

4.1.Overview

4.2.Equipment

4.2.1.Key market trends, growth factors, and opportunities
4.2.2.Market size and forecast, by region
4.2.3.Market analysis, by country

4.3.Services

4.3.1.Key market trends, growth factors, and opportunities
4.3.2.Market size and forecast, by region
4.3.3.Market analysis, by country

CHAPTER 5:GLOBAL SATELLITE COMMUNICATION MARKET, BY APPLICATION

5.1.Overview

5.2.Voice communication

5.2.1.Key market trends, growth factors, and opportunities
5.2.2.Market size and forecast, by region
5.2.3.Market analysis, by country

5.3.Broadcasting

5.3.1.Key market trends, growth factors, and opportunities
5.3.2.Market size and forecast, by region
5.3.3.Market analysis, by country

5.4.Data Communication

5.4.1.Key market trends, growth factors, and opportunities
5.4.2.Market size and forecast, by region
5.4.3.Market analysis, by country

CHAPTER 6:GLOBAL SATELLITE COMMUNICATION MARKET, BY END-USE INDUSTRY

6.1.Overview

6.2.Maritime

6.2.1.Key market trends, growth factors, and opportunities
6.2.2.Market size and forecast, by region
6.2.3.Market analysis, by country

6.3.Aerospace and Defense

6.3.1.Key market trends, growth factors, and opportunities
6.3.2.Market size and forecast, by region
6.3.3.Market analysis, by country

6.4.Industrial

6.4.1.Key market trends, growth factors, and opportunities
6.4.2.Market size and forecast, by region
6.4.3.Market analysis, by country

6.5.Government

6.5.1.Key market trends, growth factors, and opportunities
6.5.2.Market size and forecast, by region
6.5.3.Market analysis, by country

6.6.Transportation and logistics

6.6.1.Key market trends, growth factors, and opportunities
6.6.2.Market size and forecast, by region
6.6.3.Market analysis, by country

6.7.Media

6.7.1.Key market trends, growth factors, and opportunities
6.7.2.Market size and forecast, by region
6.7.3.Market analysis, by country

6.8.Others

6.8.1.Key market trends, growth factors, and opportunities
6.8.2.Market size and forecast, by region
6.8.3.Market analysis, by country

CHAPTER 7:SATELLITE COMMUNICATION MARKET, BY REGION

7.1.Overview

7.2.North America

7.2.1.Key market trends, growth factors, and opportunities
7.2.2.Market size and forecast, by component
7.2.3.Market size and forecast, by application
7.2.4.Market size and forecast, by end-use industry

7.2.5.Market size and forecast, by country

7.2.5.1.U.S.

7.2.5.1.1.Market size and forecast, by component
7.2.5.1.2.Market size and forecast, by application
7.2.5.1.3.Market size and forecast, by end-use industry

7.2.5.2.Canada

7.2.5.2.1.Market size and forecast, by component
7.2.5.2.2.Market size and forecast, by application
7.2.5.2.3.Market size and forecast, by end-use industry

7.2.5.3.Mexico

7.2.5.3.1.Market size and forecast, by component
7.2.5.3.2.Market size and forecast, by application
7.2.5.3.3.Market size and forecast, by end-use industry

7.3.Europe

7.3.1.Key market trends, growth factors, and opportunities
7.3.2.Market size and forecast, by component
7.3.3.Market size and forecast, by application
7.3.4.Market size and forecast, by end-use industry

7.3.5.Market size and forecast, by country

7.3.5.1.Germany

7.3.5.1.1.Market size and forecast, by component
7.3.5.1.2.Market size and forecast, by application
7.3.5.1.3.Market size and forecast, by end-use industry

7.3.5.2.France

7.3.5.2.1.Market size and forecast, by component
7.3.5.2.2.Market size and forecast, by application
7.3.5.2.3.Market size and forecast, by end-use industry

7.3.5.4.Spain

7.3.5.4.1.Market size and forecast, by component
7.3.5.4.2.Market size and forecast, by application
7.3.5.4.3.Market size and forecast, by end-use industry

7.3.5.5.UK

7.3.5.5.1.Market size and forecast, by component
7.3.5.5.2.Market size and forecast, by application
7.3.5.5.3.Market size and forecast, by end-use industry

7.3.5.7.Rest of Europe

7.3.5.7.1.Market size and forecast, by component
7.3.5.7.2.Market size and forecast, by application
7.3.5.7.3.Market size and forecast, by end-use industry

7.4.Asia-Pacific

7.4.1.Key market trends, growth factors, and opportunities
7.4.2.Market size and forecast, by component
7.4.3.Market size and forecast, by application
7.4.4.Market size and forecast, by end-use industry

7.4.5.Market size and forecast, by country

7.4.5.1.China

7.4.5.1.1.Market size and forecast, by component
7.4.5.1.2.Market size and forecast, by application
7.4.5.1.3.Market size and forecast, by end-use industry

7.4.5.2.India

7.4.5.2.1.Market size and forecast, by component
7.4.5.2.2.Market size and forecast, by application
7.4.5.2.3.Market size and forecast, by end-use industry

7.4.5.3.Japan

7.4.5.3.1.Market size and forecast, by component
7.4.5.3.2.Market size and forecast, by application
7.4.5.3.3.Market size and forecast, by end-use industry

7.4.5.4.South Korea

7.4.5.4.1.Market size and forecast, by component
7.4.5.4.2.Market size and forecast, by application
7.4.5.4.3.Market size and forecast, by end-use industry

7.4.5.5.Rest of Asia-Pacific

7.4.5.5.1.Market size and forecast, by component
7.4.5.5.2.Market size and forecast, by application
7.4.5.5.3.Market size and forecast, by end-use industry

7.5.LAMEA

7.5.1.Key market trends, growth factors, and opportunities
7.5.2.Market size and forecast, by component
7.5.3.Market size and forecast, by application
7.5.4.Market size and forecast, by end-use industry

7.5.5.Market size and forecast, by country

7.5.5.1.Latin America

7.5.5.1.1.Market size and forecast, by component
7.5.5.1.2.Market size and forecast, by application
7.5.5.1.3.Market size and forecast, by end-use industry

7.5.5.2.Middle East

7.5.5.2.1.Market size and forecast, by component
7.5.5.2.2.Market size and forecast, by application
7.5.5.2.3.Market size and forecast, by end-use industry

7.5.5.3.Africa

7.5.5.3.1.Market size and forecast, by component
7.5.5.3.2.Market size and forecast, by application
7.5.5.3.3.Market size and forecast, by end-use industry

CHAPTER 8:COMPANY PROFILES

8.1.SES S.A.

8.1.1.Company overview
8.1.2.Company snapshot
8.1.3.Operating business segments
8.1.4.Product portfolio
8.1.5.Business performance
8.1.6.Key strategic moves and developments

8.2.VIASAT, INC.

8.2.1.Company overview
8.2.2.Company snapshot
8.2.3.Operating business segments
8.2.4.Product portfolio
8.2.5.Business performance
8.2.6.Key strategic moves and developments

8.3.TELESAT CANADA

8.3.1.Company overview
8.3.2.Company snapshot
8.3.3.Operating business segments
8.3.4.Product portfolio
8.3.5.Business performance
8.3.6.Key strategic moves and developments

8.4.EchoStar Corporation

8.4.1.Company overview
8.4.2.Company snapshot
8.4.3.Operating business segments
8.4.4.Product portfolio
8.4.5.Business performance
8.4.6.Key strategic moves and developments

8.5.L3HARRIS TECHNOLOGIES, INC.

8.5.1.Company overview
8.5.2.Company snapshot
8.5.3.Operating business segments
8.5.4.Product portfolio
8.5.5.Business performance
8.5.6.Key strategic moves and developments

8.6.AL YAH SATELLITE COMMUNICATION COMPANY PJSC (YAHSAT)

8.6.1.Company overview
8.6.2.Company snapshot
8.6.3.Product portfolio
8.6.4.Key strategic moves and developments

8.7.SKY PERFECT JSAT HOLDINGS INC.

8.7.1.Company overview
8.7.2.Company snapshot
8.7.3.Operating business segments
8.7.4.Product portfolio
8.7.5.Business performance
8.7.6.Key strategic moves and developments

8.8.GILAT SATELLITE NETWORKS LTD.

8.8.1.Company overview
8.8.2.Company snapshot
8.8.3.Operating business segments
8.8.4.Product portfolio
8.8.5.Business performance
8.8.6.Key strategic moves and developments

8.9.COBHAM LTD

8.9.1.Company overview
8.9.2.Company snapshot
8.9.3.Product portfolio
8.9.4.Key strategic moves and developments

8.10.GENERAL DYNAMICS CORPORATION

8.10.1.Company overview
8.10.2.Company snapshot
8.10.3.Operating business segments
8.10.4.Product portfolio
8.10.5.Business performance
8.10.6.Key strategic moves and developments

8.11.INMARSAT GLOBAL LIMITED

8.11.1.Company overview
8.11.2.Company snapshot
8.11.3.Product portfolio
8.11.4.Key strategic moves and developments

LIST OF TABLES

TABLE 01.SATELLITE COMMUNICATION MARKET, BY COMPONENT, 2019-2027 ($MILLION)
TABLE 02.SATELLITE COMMUNICATION MARKET FOR EQUIPMENT, BY REGION 2019-2027 ($MILLION)
TABLE 03.SATELLITE COMMUNICATION MARKET FOR SERVICES, BY REGION 2019-2027 ($MILLION)
TABLE 04.SATELLITE COMMUNICATION MARKET, BY APPLICATION, 2019-2027 ($MILLION)
TABLE 05.SATELLITE COMMUNICATION MARKET FOR VOICE COMMUNICATION, BY REGION 2019-2027 ($MILLION)
TABLE 06.SATELLITE COMMUNICATION MARKET FOR BROADCASTING, BY REGION 2019-2027 ($MILLION)
TABLE 07.SATELLITE COMMUNICATION MARKET FOR DATA COMMUNICATION, BY REGION 2019-2027 ($MILLION)
TABLE 08.SATELLITE COMMUNICATION MARKET, BY END-USE INDUSTRY, 2019-2027 ($MILLION)
TABLE 09.SATELLITE COMMUNICATION MARKET FOR MARITIME, BY REGION 2019-2027 ($MILLION)
TABLE 10.SATELLITE COMMUNICATION MARKET FOR AEROSPACE AND DEFENSE, BY REGION 2019-2027 ($MILLION)
TABLE 11.SATELLITE COMMUNICATION MARKET FOR INDUSTRIAL, BY REGION 2019-2027 ($MILLION)
TABLE 12.SATELLITE COMMUNICATION MARKET FOR GOVERNMENT, BY REGION 2019-2027 ($MILLION)
TABLE 13.SATELLITE COMMUNICATION MARKET FOR TRANSPORTATION AND LOGISTICS, BY REGION 2019-2027 ($MILLION)
TABLE 14.SATELLITE COMMUNICATION MARKET FOR MEDIA, BY REGION 2019-2027 ($MILLION)
TABLE 15.SATELLITE COMMUNICATION MARKET FOR OTHERS, BY REGION 2019-2027 ($MILLION)
TABLE 16.SATELLITE COMMUNICATION MARKET, BY REGION 2019–2027 ($MILLION)
TABLE 17.NORTH AMERICA SATELLITE COMMUNICATION MARKET, BY COMPONENT, 2019–2027 ($MILLION)
TABLE 18.NORTH AMERICA SATELLITE COMMUNICATION MARKET, BY APPLICATION, 2019–2027 ($MILLION)
TABLE 19.NORTH AMERICA SATELLITE COMMUNICATION MARKET, BY END-USE INDUSTRY, 2019–2027 ($MILLION)
TABLE 20.U.S. SATELLITE COMMUNICATION MARKET, BY COMPONENT, 2019–2027 ($MILLION)
TABLE 21.U.S. SATELLITE COMMUNICATION MARKET, BY APPLICATION, 2019–2027 ($MILLION)
TABLE 22.U.S. SATELLITE COMMUNICATION MARKET, BY END-USE INDUSTRY, 2019–2027 ($MILLION)
TABLE 23.CANADA SATELLITE COMMUNICATION MARKET, BY COMPONENT, 2019–2027 ($MILLION)
TABLE 24.CANADA SATELLITE COMMUNICATION MARKET, BY APPLICATION, 2019–2027 ($MILLION)
TABLE 25.CANADA SATELLITE COMMUNICATION MARKET, BY END-USE INDUSTRY, 2019–2027 ($MILLION)
TABLE 26.MEXICO SATELLITE COMMUNICATION MARKET, BY COMPONENT, 2019–2027 ($MILLION)
TABLE 27.MEXICO SATELLITE COMMUNICATION MARKET, BY APPLICATION, 2019–2027 ($MILLION)
TABLE 28.MEXICO SATELLITE COMMUNICATION MARKET, BY END-USE INDUSTRY, 2019–2027 ($MILLION)
TABLE 29.EUROPE SATELLITE COMMUNICATION MARKET, BY COMPONENT, 2019–2027 ($MILLION)
TABLE 30.EUROPE SATELLITE COMMUNICATION MARKET, BY APPLICATION, 2019–2027 ($MILLION)
TABLE 31.EUROPE SATELLITE COMMUNICATION MARKET, BY END-USE INDUSTRY, 2019–2027 ($MILLION)
TABLE 32.GERMANY SATELLITE COMMUNICATION MARKET, BY COMPONENT, 2019–2027 ($MILLION)
TABLE 33.GERMANY SATELLITE COMMUNICATION MARKET, BY APPLICATION, 2019–2027 ($MILLION)
TABLE 34.GERMANY SATELLITE COMMUNICATION MARKET, BY END-USE INDUSTRY, 2019–2027 ($MILLION)
TABLE 35.FRANCE SATELLITE COMMUNICATION MARKET, BY COMPONENT, 2019–2027 ($MILLION)
TABLE 36.FRANCE SATELLITE COMMUNICATION MARKET, BY APPLICATION, 2019–2027 ($MILLION)
TABLE 37.FRANCE SATELLITE COMMUNICATION MARKET, BY END-USE INDUSTRY, 2019–2027 ($MILLION)
TABLE 38.SPAIN SATELLITE COMMUNICATION MARKET, BY COMPONENT, 2019–2027 ($MILLION)
TABLE 39.SPAIN SATELLITE COMMUNICATION MARKET, BY APPLICATION, 2019–2027 ($MILLION)
TABLE 40.SPAIN SATELLITE COMMUNICATION MARKET, BY END-USE INDUSTRY, 2019–2027 ($MILLION)
TABLE 41.UK SATELLITE COMMUNICATION MARKET, BY COMPONENT, 2019–2027 ($MILLION)
TABLE 42.UK SATELLITE COMMUNICATION MARKET, BY APPLICATION, 2019–2027 ($MILLION)
TABLE 43.UK SATELLITE COMMUNICATION MARKET, BY END-USE INDUSTRY, 2019–2027 ($MILLION)
TABLE 44.REST OF EUROPE SATELLITE COMMUNICATION MARKET, BY COMPONENT, 2019–2027 ($MILLION)
TABLE 45.REST OF EUROPE SATELLITE COMMUNICATION MARKET, BY APPLICATION, 2019–2027 ($MILLION)
TABLE 46.REST OF EUROPE SATELLITE COMMUNICATION MARKET, BY END-USE INDUSTRY, 2019–2027 ($MILLION)
TABLE 47.ASIA-PACIFIC SATELLITE COMMUNICATION MARKET, BY COMPONENT, 2019–2027 ($MILLION)
TABLE 48.ASIA-PACIFIC SATELLITE COMMUNICATION MARKET, BY APPLICATION, 2019–2027 ($MILLION)
TABLE 49.ASIA-PACIFIC SATELLITE COMMUNICATION MARKET, BY END-USE INDUSTRY, 2019–2027 ($MILLION)
TABLE 50.CHINA SATELLITE COMMUNICATION MARKET, BY COMPONENT, 2019–2027 ($MILLION)
TABLE 51.CHINA SATELLITE COMMUNICATION MARKET, BY APPLICATION, 2019–2027 ($MILLION)
TABLE 52.CHINA SATELLITE COMMUNICATION MARKET, BY END-USE INDUSTRY, 2019–2027 ($MILLION)
TABLE 53.INDIA SATELLITE COMMUNICATION MARKET, BY COMPONENT, 2019–2027 ($MILLION)
TABLE 54.INDIA SATELLITE COMMUNICATION MARKET, BY APPLICATION, 2019–2027 ($MILLION)
TABLE 55.INDIA SATELLITE COMMUNICATION MARKET, BY END-USE INDUSTRY, 2019–2027 ($MILLION)
TABLE 56.JAPAN SATELLITE COMMUNICATION MARKET, BY COMPONENT, 2019–2027 ($MILLION)
TABLE 57.JAPAN SATELLITE COMMUNICATION MARKET, BY APPLICATION, 2019–2027 ($MILLION)
TABLE 58.JAPAN SATELLITE COMMUNICATION MARKET, BY END-USE INDUSTRY, 2019–2027 ($MILLION)
TABLE 59.SOUTH KOREA SATELLITE COMMUNICATION MARKET, BY COMPONENT, 2019–2027 ($MILLION)
TABLE 60.SOUTH KOREA SATELLITE COMMUNICATION MARKET, BY APPLICATION, 2019–2027 ($MILLION)
TABLE 61.SOUTH KOREA SATELLITE COMMUNICATION MARKET, BY END-USE INDUSTRY, 2019–2027 ($MILLION)
TABLE 62.REST OF ASIA-PACIFIC SATELLITE COMMUNICATION MARKET, BY COMPONENT, 2019–2027 ($MILLION)
TABLE 63.REST OF ASIA-PACIFIC SATELLITE COMMUNICATION MARKET, BY APPLICATION, 2019–2027 ($MILLION)
TABLE 64.REST OF ASIA-PACIFIC SATELLITE COMMUNICATION MARKET, BY END-USE INDUSTRY, 2019–2027 ($MILLION)
TABLE 65.LAMEA SATELLITE COMMUNICATION MARKET, BY COMPONENT, 2019–2027 ($MILLION)
TABLE 66.LAMEA SATELLITE COMMUNICATION MARKET, BY APPLICATION, 2019–2027 ($MILLION)
TABLE 67.LAMEA SATELLITE COMMUNICATION MARKET, BY END-USE INDUSTRY, 2019–2027 ($MILLION)
TABLE 68.LATIN AMERICA SATELLITE COMMUNICATION MARKET, BY COMPONENT, 2019–2027 ($MILLION)
TABLE 69.LATIN AMERICA SATELLITE COMMUNICATION MARKET, BY APPLICATION, 2019–2027 ($MILLION)
TABLE 70.LATIN AMERICA SATELLITE COMMUNICATION MARKET, BY END-USE INDUSTRY, 2019–2027 ($MILLION)
TABLE 71.MIDDLE EAST SATELLITE COMMUNICATION MARKET, BY COMPONENT, 2019–2027 ($MILLION)
TABLE 72.MIDDLE EAST SATELLITE COMMUNICATION MARKET, BY APPLICATION, 2019–2027 ($MILLION)
TABLE 73.MIDDLE EAST SATELLITE COMMUNICATION MARKET, BY END-USE INDUSTRY, 2019–2027 ($MILLION)
TABLE 74.AFRICA SATELLITE COMMUNICATION MARKET, BY COMPONENT, 2019–2027 ($MILLION)
TABLE 75.AFRICA SATELLITE COMMUNICATION MARKET, BY APPLICATION, 2019–2027 ($MILLION)
TABLE 76.AFRICA SATELLITE COMMUNICATION MARKET, BY END-USE INDUSTRY, 2019–2027 ($MILLION)
TABLE 77.SES S.A.: COMPANY SNAPSHOT
TABLE 78.SES S.A.: OPERATING SEGMENTS
TABLE 79.SES S.A.: PRODUCT PORTFOLIO
TABLE 80.SES S.A.: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 81.VIASAT, INC.: COMPANY SNAPSHOT
TABLE 82.VIASAT, INC.: OPERATING SEGMENTS
TABLE 83.VIASAT, INC.: PRODUCT PORTFOLIO
TABLE 84.VIASAT, INC.: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 85.TELESAT CANADA: COMPANY SNAPSHOT
TABLE 86.TELESAT CANADA: OPERATING SEGMENTS
TABLE 87.TELESAT CANADA: PRODUCT PORTFOLIO
TABLE 88.TELESAT CANADA: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 89.ECHOSTAR CORPORATION: COMPANY SNAPSHOT
TABLE 90.ECHOSTAR CORPORATION: OPERATING SEGMENTS
TABLE 91.ECHOSTAR CORPORATION: PRODUCT PORTFOLIO
TABLE 92.ECHOSTAR CORPORATION: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 93.L3HARRIS TECHNOLOGIES, INC.: COMPANY SNAPSHOT
TABLE 94.L3HARRIS TECHNOLOGIES, INC..: OPERATING SEGMENTS
TABLE 95.L3HARRIS TECHNOLOGIES, INC.: PRODUCT PORTFOLIO
TABLE 96.L3HARRIS TECHNOLOGIES, INC.: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 97.AL YAH SATELLITE COMMUNICATION COMPANY PJSC (YAHSAT): COMPANY SNAPSHOT
TABLE 98.AL YAH SATELLITE COMMUNICATION COMPANY PJSC (YAHSAT): PRODUCT PORTFOLIO
TABLE 99.AL YAH SATELLITE COMMUNICATION COMPANY PJSC (YAHSAT): KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 100.SKY PERFECT JSAT HOLDINGS INC.: COMPANY SNAPSHOT
TABLE 101.SKY PERFECT JSAT HOLDINGS INC.: OPERATING SEGMENTS
TABLE 102.SKY PERFECT JSAT HOLDINGS INC.: PRODUCT PORTFOLIO
TABLE 103.SKY PERFECT JSAT HOLDINGS INC.: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 104.GILAT SATELLITE NETWORKS LTD.: COMPANY SNAPSHOT
TABLE 105.GILAT SATELLITE NETWORKS LTD.: OPERATING SEGMENTS
TABLE 106.GILAT SATELLITE NETWORKS LTD: PRODUCT PORTFOLIO
TABLE 107.GILAT SATELLITE NETWORKS LTD.: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 108.COBHAM LTD: COMPANY SNAPSHOT
TABLE 109.COBHAM LTD: PRODUCT PORTFOLIO
TABLE 110.COBHAM LTD: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 111.GENERAL DYNAMICS CORPORATION: COMPANY SNAPSHOT
TABLE 112.GENERAL DYNAMICS CORPORATION: OPERATING SEGMENTS
TABLE 113.GENERAL DYNAMICS CORPORATION: PRODUCT PORTFOLIO
TABLE 114.GENERAL DYNAMICS CORPORATION: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 115.INMARSAT GLOBAL LIMITED: COMPANY SNAPSHOT
TABLE 116.INMARSAT GLOBAL LIMITED: PRODUCT PORTFOLIO
TABLE 117.INMARSAT GLOBAL LIMITED: KEY STRATEGIC MOVES AND DEVELOPMENTS

LIST OF FIGURES

FIGURE 01.KEY MARKET SEGMENTS
FIGURE 02.EXECUTIVE SUMMARY
FIGURE 03.EXECUTIVE SUMMARY
FIGURE 04.TOP IMPACTING FACTORS
FIGURE 05.TOP INVESTMENT POCKETS
FIGURE 06.TOP WINNING STRATEGIES, BY YEAR, 2018-2021*
FIGURE 07.TOP WINNING STRATEGIES, BY DEVELOPMENT, 2018-2021*
FIGURE 08.TOP WINNING STRATEGIES, BY COMPANY, 2017-2020*
FIGURE 09.LOW-TO-HIGH BARGAINING POWER OF SUPPLIERS
FIGURE 10.MODERATE-TO-HIGH THREAT OF NEW ENTRANTS
FIGURE 11.LOW-TO-MODERATE THREAT OF SUBSTITUTES
FIGURE 12.LOW-TO-HIGH INTENSITY OF RIVALRY
FIGURE 13.LOW-TO-HIGH BARGAINING POWER OF BUYERS
FIGURE 14.KEY PLAYER POSITIONING (2020)
FIGURE 15.SATELLITE COMMUNICATION MARKET SHARE, BY COMPONENT, 2019–2027 (%)
FIGURE 16.COMPARATIVE SHARE ANALYSIS OF SATELLITE COMMUNICATION MARKET FOR EQUIPMENT, BY COUNTRY, 2019 & 2027 (%)
FIGURE 17.COMPARATIVE SHARE ANALYSIS OF SATELLITE COMMUNICATION MARKET FOR SERVICES, BY COUNTRY, 2019 & 2027 (%)
FIGURE 18.SATELLITE COMMUNICATION MARKET SHARE, BY APPLICATION, 2019–2027 (%)
FIGURE 19.COMPARATIVE SHARE ANALYSIS OF SATELLITE COMMUNICATION MARKET FOR VOICE COMMUNICATION, BY COUNTRY, 2019 & 2027 (%)
FIGURE 20.COMPARATIVE SHARE ANALYSIS OF SATELLITE COMMUNICATION MARKET FOR BROADCASTING, BY COUNTRY, 2019 & 2027 (%)
FIGURE 21.COMPARATIVE SHARE ANALYSIS OF SATELLITE COMMUNICATION MARKET FOR DATA COMMUNICATION, BY COUNTRY, 2019 & 2027 (%)
FIGURE 22.SATELLITE COMMUNICATION MARKET SHARE, BY END-USE INDUSTRY, 2019–2027 (%)
FIGURE 23.COMPARATIVE SHARE ANALYSIS OF SATELLITE COMMUNICATION MARKET FOR MARITIME, BY COUNTRY, 2019 & 2027 (%)
FIGURE 24.COMPARATIVE SHARE ANALYSIS OF SATELLITE COMMUNICATION MARKET FOR AEROSPACE AND DEFENSE, BY COUNTRY, 2019 & 2027 (%)
FIGURE 25.COMPARATIVE SHARE ANALYSIS OF SATELLITE COMMUNICATION MARKET FOR INDUSTRIAL, BY COUNTRY, 2019 & 2027 (%)
FIGURE 26.COMPARATIVE SHARE ANALYSIS OF SATELLITE COMMUNICATION MARKET FOR GOVERNMENT, BY COUNTRY, 2019 & 2027 (%)
FIGURE 27.COMPARATIVE SHARE ANALYSIS OF SATELLITE COMMUNICATION MARKET FOR TRANSPORTATION AND LOGISTICS, BY COUNTRY, 2019 & 2027 (%)
FIGURE 28.COMPARATIVE SHARE ANALYSIS OF SATELLITE COMMUNICATION MARKET FOR MEDIA, BY COUNTRY, 2019 & 2027 (%)
FIGURE 29.COMPARATIVE SHARE ANALYSIS OF SATELLITE COMMUNICATION MARKET FOR OTHERS, BY COUNTRY, 2019 & 2027 (%)
FIGURE 30.SATELLITE COMMUNICATION MARKET, BY REGION, 2019-2027 (%)
FIGURE 31.COMPARATIVE SHARE ANALYSIS OF SATELLITE COMMUNICATION MARKET, BY COUNTRY, 2019–2027 (%)
FIGURE 32.U.S. SATELLITE COMMUNICATION MARKET, 2019–2027 ($MILLION)
FIGURE 33.CANADA SATELLITE COMMUNICATION MARKET, 2019–2027 ($MILLION)
FIGURE 34.MEXICO SATELLITE COMMUNICATION MARKET, 2019–2027 ($MILLION)
FIGURE 35.COMPARATIVE SHARE ANALYSIS OF SATELLITE COMMUNICATION MARKET, BY COUNTRY, 2019–2027 (%)
FIGURE 36.GERMANY SATELLITE COMMUNICATION MARKET, 2019–2027 ($MILLION)
FIGURE 37.FRANCE SATELLITE COMMUNICATION MARKET, 2019–2027 ($MILLION)
FIGURE 38.SPAIN SATELLITE COMMUNICATION MARKET, 2019–2027 ($MILLION)
FIGURE 39.UK SATELLITE COMMUNICATION MARKET, 2019–2027 ($MILLION)
FIGURE 40.REST OF EUROPE SATELLITE COMMUNICATION MARKET, 2019–2027 ($MILLION)
FIGURE 41.COMPARATIVE SHARE ANALYSIS OF SATELLITE COMMUNICATION MARKET, BY COUNTRY, 2019–2027 (%)
FIGURE 42.CHINA SATELLITE COMMUNICATION MARKET, 2019–2027 ($MILLION)
FIGURE 43.INDIA SATELLITE COMMUNICATION MARKET, 2019–2027 ($MILLION)
FIGURE 44.JAPAN SATELLITE COMMUNICATION MARKET, 2019–2027 ($MILLION)
FIGURE 45.SOUTH KOREA SATELLITE COMMUNICATION MARKET, 2019–2027 ($MILLION)
FIGURE 46.REST OF ASIA-PACIFIC SATELLITE COMMUNICATION MARKET, 2019–2027 ($MILLION)
FIGURE 47.COMPARATIVE SHARE ANALYSIS OF SATELLITE COMMUNICATION MARKET, BY COUNTRY, 2019–2027 (%)
FIGURE 48.LATIN AMERICA SATELLITE COMMUNICATION MARKET, 2019–2027 ($MILLION)
FIGURE 49.MIDDLE EAST SATELLITE COMMUNICATION MARKET, 2019–2027 ($MILLION)
FIGURE 50.AFRICA SATELLITE COMMUNICATION MARKET, 2019–2027 ($MILLION)
FIGURE 51.SES S.A.: REVENUE, 2018–2020 ($MILLION)
FIGURE 52.SES S.A.: REVENUE SHARE BY SEGMENT, 2020 (%)
FIGURE 53.SES S.A.: REVENUE SHARE BY REGION, 2020 (%)
FIGURE 54.VIASAT, INC.: REVENUE, 2017–2019 ($MILLION)
FIGURE 55.VIASAT, INC.: REVENUE SHARE BY SEGMENT, 2019 (%)
FIGURE 56.VIASAT, INC.: REVENUE SHARE BY REGION, 2019 (%)
FIGURE 57.TELESAT CANADA: REVENUE, 2018–2020 ($MILLION)
FIGURE 58.TELESAT CANADA: REVENUE SHARE BY SEGMENT, 2020 (%)
FIGURE 59.TELESAT CANADA: REVENUE SHARE BY REGION, 2020 (%)
FIGURE 60.ECHOSTAR CORPORATION: REVENUE, 2017–2019 ($MILLION)
FIGURE 61.ECHOSTAR CORPORATION: REVENUE SHARE BY SEGMENT, 2019 (%)
FIGURE 62.ECHOSTAR CORPORATION: REVENUE SHARE BY REGION, 2019 (%)
FIGURE 63.L3HARRIS TECHNOLOGIES, INC.: REVENUE, 2018–2020 ($MILLION)
FIGURE 64.L3HARRIS TECHNOLOGIES, INC.: REVENUE SHARE BY SEGMENT, 2020 (%)
FIGURE 65.L3HARRIS TECHNOLOGIES, INC.: REVENUE SHARE BY REGION, 2020 (%)
FIGURE 66.SKY PERFECT JSAT HOLDINGS INC.: REVENUE, 2017–2019 ($MILLION)
FIGURE 67.SKY PERFECT JSAT HOLDINGS INC.: REVENUE SHARE BY SEGMENT, 2019 (%)
FIGURE 68.GILAT SATELLITE NETWORKS LTD., 2018–2020 ($MILLION)
FIGURE 69.GILAT SATELLITE NETWORKS LTD.: REVENUE SHARE BY SEGMENT, 2020 (%)
FIGURE 70.GILAT SATELLITE NETWORKS LTD: REVENUE SHARE BY REGION, 2020 (%)
FIGURE 71.GENERAL DYNAMICS CORPORATION: REVENUE, 2017–2019 ($MILLION)
FIGURE 72.GENERAL DYNAMICS CORPORATION: REVENUE SHARE BY SEGMENT, 2019 (%)
FIGURE 73.GENERAL DYNAMICS CORPORATION: REVENUE SHARE BY REGION, 2019 (%)

 
 

The global satellite communication market is expected to witness significant growth due to increase in demand for low latency wireless communication network around the world.

Increase in Internet of Things (IoT) and autonomous systems and rise in demand for military and defense satellite communication solutions are expected to drive the global satellite market growth during the forecast period. However, cybersecurity threats to satellite communication and interference in satellite data transmission are anticipated to hamper the growth of the market during the forecast period. Moreover, technological advancements in satellite missions and deployment of 5G network through satellites are anticipated to offer lucrative opportunities for the market in the future.

The satellite communications technology offers a high data rate and low latency network. It provides ubiquitous coverage for remote rural area coverage, emergency or disaster communication, and aeronautical & maritime communications. It can also be utilized for application in areas without standard terrestrial network coverage.

The satellite communication system consists primarily of two key components the ground segment and the space segment, which facilitate communication through satellite. The advances in satellite systems such as High Throughput Satellite (HTS), nanosatellites, Geostationary Earth Orbit (GEO) satellites, and Low Earth Orbit (LEO) satellites optimize network efficiency and aid in delivering data speeds of around Terabit per second (Tbps) of capacity worldwide. 

Increase in applications of technological advancements such as edge computing, 5G and beyond 5G, and machine learning and AI applications are anticipated to fuel the demand for satellite communication over the years.  Moreover, rise in implementation of satellite communication in military and defense applications are anticipated to offer lucrative opportunities for the satellite communication market during the forecast period.

Among the analyzed regions, North America is the highest revenue contributor, followed by Europe, Asia-Pacific, and LAMEA. Based on forecast analysis, North America is expected to maintain its lead during the forecast period, owing to increased funding for electrification of aircraft in the region and the presence of big market players such as GE Aviation, Honeywell International Inc., Raytheon Technologies Corporation, and others, which have a global presence.
 

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FREQUENTLY ASKED QUESTIONS?
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A. The global satellite communication market valued at $ 56,016.2 million in 2019, and is projected to reach $ 99,588 million by 2027, registering a CAGR of 9.2% from 2020 to 2027.

A. The manufacturing and supply-chain regarding the satellite components is expected to bounce back amid the lifting lockdown measures and the consequent resuming of transportation activities across the globe

A. The report sample for global satellite communication market report can be obtained on demand from the website.

A. Increased usage of satellites for deploying 5G networks across the world

A. Agreement, Partnership, Acquisition, Collaboration, Contract, Product Development, and Product launch are the top most competitive developments which are adopted by the leading market players in the global satellite communication market

A. The company profiles of the top players of the market can be obtained from the company profile section mentioned in the report. This section includes analysis of top ten player’s operating in the industry along with their last three year revenue, segmental revenue, product offerings, key strategies adopted, and geographical revenue generated

A. Based on the satellite communication market analysis, Europe region accounted for the highest revenue contribution in 2019 and Asia-Pacific is expected to see lucrative business opportunities during the forecast period

A. By application, the Data Communication segment is expected to gain traction over the forecast period

A. The U.S. and China are key matured markets growing in the global satellite communication market

A. The rising demand for aerospace and defense applications; and increasing involvement of new players

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