0

Satellite Connectivity Market is Expected to Reach $22.12 Billion by 2031

 
2022
Satellite Connectivity Market

Report Code : A17100

quote Increase in government investment in space exploration activities, increase in satellite launches across the globe, and increase in adoption of satellite constellation are expected to propel the growth of the satellite connectivity market during the forecast period. In addition, the market growth is affected by strict government regulations associated with satellite launches and high initial investment associated with satellite launch services. Moreover, rising satellite applications and the growing integration of artificial intelligence (AI), machine learning (ML), and cloud computing in the space sector influence the market growth are expected to bolster the growth of the market during the forecast period quote

Himanshu Hoshi- Lead Analyst
Aerospace and Defense at Allied Market Research

Get 20% Free Customization In This Report
Follow us on Social Media:       
 

According to a new report published by Allied Market Research, titled, “Satellite Connectivity Market," The satellite connectivity market was valued at $11.12 billion in 2021, and is estimated to reach $22.12 billion by 2031, growing at a CAGR of 7.3% from 2022 to 2031.

North America was the highest revenue contributor. The U.S. dominated the global satellite connectivity market share in North America in 2021, owing to increase in R&D activities; technological developments by key players; and rapid adoption of innovative technologies in making advanced, reliable, precise, and efficient satellite connectivity systems. Asia-Pacific is expected to grow at a significant rate during the forecast period, owing to rise in procurement and development of advanced satellite connectivity systems across several Asian nations, for instance, China, India, Japan, and South Korea.

By component, the satellite connectivity market has been categorized into video, fixed, and mobility. The video segment accounted for the highest revenue in 2020, owing to high demand for direct to home (DTH) and other distribution services globally.

On the basis of orbit, the satellite connectivity market is bifurcated into Elliptical, GEO, LEO, and MEO. The LEO garnered the highest revenue in 2020, owing to rise in satellite launches in the LEO orbit by several private players globally.

Depending on end user, the missile defense system market is fragmented into Civil and earth observation, government and military, and commercial. The commercial segment was the highest revenue contributor in 2021, owing to a majority of the satellite connectivity being consumed for various commercial applications throughout the world.

COVID-19 Impact Analysis

  • The COVID-19 impact on the satellite connectivity market is unpredictable, and is expected to remain in force for a few years.
  • The COVID-19 outbreak forced governments across the globe to implement stringent lockdown and ban import–export of raw material items for most of 2020 & few months in 2021. This led to sudden fall in the availability of important raw materials for manufacturing satellite connectivity components.
  • Moreover, nationwide lockdown forced satellite systems manufacturing facilities to partially or completely shut their operations.
  • Adverse impacts of the COVID-19 pandemic resulted in delays in activities and initiatives regarding development of advanced satellite connectivity components globally.

KEY FINDINGS OF THE STUDY

  • By component, the fixed segment is expected to register a significant growth during the forecast period.
  • On the basis of orbit, the LEO segment is anticipated to exhibit significant growth in future.
  • According to end user, the commercial segment is projected to lead the global satellite connectivity market.
  • Region wise, Asia-Pacific is anticipated to register the highest CAGR during the forecast period.

The key players profiled in this satellite connectivity market report include Aselsan AS, General Dynamics Corporation, Honeywell International Inc., Indra, Israel Aerospace Industries Ltd., L3Harris Technologies Inc., Leonardo SpA, Norsat International Inc., Thales Group, and ViaSat Inc.

Need More Information

pr-det-talk Talk to David (Europe)

pr-det-talk Talk to Sona Padman (Americas)

5933 NE Win Sivers Drive #205,
Portland, OR 97220 United States

pr-det-phone Toll Free: +1-800-792-5285

pr-det-phone UK: +44-845-528-1300

pr-det-phone Hong Kong: +852-301-84916

pr-det-phone India (Pune): +91 2066346060

pr-det-phone Fax: +1(855) 550-5975

pr-det-phone help@alliedmarketresearch.com

 

For Media Inquiries, Please Contact

Allied Market Research
Contact Toll Free: +1-800-792-5285
Drop us an email at
media@alliedmarketresearch.com

Looking for Customization?

 Customization Request

Have a Question?

 Speak with Analyst

Any Confusion?

 Inquire Before Buying

Have a glance of the Report

  Request Free Sample
 
 

First time buyer?
Check offers and discount on this report
To get this report

Click Here
 
 

quote Satellite Connectivity Market by Component (Video, Fixed, Mobility), by Orbit (Elliptical, GEO, LEO, MEO), by End User (Civil and Earth Observation, Government and Military, Commercial): Global Opportunity Analysis and Industry Forecast, 2021-2031 quote

View Report
 
 

Avenue: Entire Library membership of Allied Market Research Reports at your disposal

  • Avenue is an innovative subscription-based online report database.
  • Avail an online access to the entire library of syndicated reports on more than 2,000 niche industries and company profiles on more than 12,000 firms across 11 domains.
  • A cost-effective model tailored for entrepreneurs, investors, and students & researchers at universities.
  • Request customizations, suggest new reports, and avail analyst support as per your requirements.
  • Get an access to the library of reports at any time from any device and anywhere.

 
 

WHY ALLIED MARKET RESEARCH?

INFLALLIBLE METHODOLOGY

To ensure high-level data integrity, accurate analysis, and impeccable forecasts

ANALYST SUPPORT

For complete satisfaction

CUSTOMIZATION

On-demand customization of scope of the report to exactly meet your needs

TARGETED MARKET VIEW

Targeted market view to provide pertinent information and save time of readers

 

Featured Readings

 
rep-img

Published Date Mar 2024

Hairbrush Market

Download Sample
rep-img

Published Date Mar 2024

Debt Security Market

Download Sample
rep-img

Published Date Mar 2024

Wood Adhesives Market

Download Sample

Buy Full Version
"Satellite Connectivity Market"
Purchase Enquiry

Get fresh content delivered

Get insights on topics that are crucial for your business. Stay abreast of your interest areas.

Get Industry Data Alerts

Why Allied Market Research?

Infallible Methodology

To ensure high-level data integrity, accurate analysis, and impeccable forecasts

Analyst Support

For complete satisfaction

Customization

On-demand customization of the scope of the report to exactly meet your needs

TARGETED MARKET VIEW

Targeted market view to provide pertinent information and save the time of readers