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2019
Satellite Services Market

Satellite Services Market by Type (Consumer Services, Fixed Satellite Services, Mobile Satellite Services, Remote Sensing, and Space Flight Management Services) and End-User Industry (Media & Entertainment, Government, Aviation, Defense, Aerospace, Retail & Enterprise, and Others): Global Opportunity Analysis and Industry Forecast, 2019–2026
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A05710
Pages: 265
Sep 2019 | 10774 Views
Author(s) : Lalit Katare , Sonia Mutreja
Tables: 123
Charts: 72
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Satellite Services Market Outlook-2026

The satellite services market size was valued at $126.5 billion in 2018 and is expected to reach $144.5 billion by 2026, registering a CAGR of 2.2% from 2019 to 2026. Satellite service providers offer satellite capacity to end-users such as DTH operators, telecommunication companies, and others. These providers buy capacity from the satellite operators to resell voice, broadcasting, and data circuits to several end-user industries.

The satellite services market is anticipated to grow significantly during the forecast period owing to numerous factors such as the increase in demand for earth observation services in numerous sectors such as oil & gas, civil engineering, agriculture, and others, which drives the market. However, decrease in demand for consumer services in developed region such as North America, and Europe is anticipated to hinder the growth of the global market.

Satellite Services Market

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The satellite services market is segmented into type and end-user industry. Based on type, the market is divided into consumer services, fixed satellite services, mobile satellite services, remote sensing, and space flight management services. The consumer services type is further bifurcated into satellite TV, satellite radio and satellite broadband. Furthermore, the fixed satellite services type is further categorized into transponder agreement and managed network services. On the basis of end-user industry, the market is bifurcated into media & entertainment, government, aviation, defense, aerospace, retail & enterprise, and others. Based on the region, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA. Satellite services market share is highest in the space industry. This is attributed to the large consumer base of satellite services such as defense, media, retail, and others.

The satellite services market analysis covers in-depth information about major industry participants. Some of the major players in the market include Inmarsat plc, Intersputnik, MEASAT, PCCW Global, Intelsat, SES S.A., Eutelsat Communications SA, Viasat, Inc., Echostar Corporation China Satellite Communications Co., Ltd. (China Satcom), Thaicom Public Company Limited., Thuraya Telecommunications Company, and Asia Satellite Telecommunications Co. Ltd. Other players in the value chain of the satellite services market include Vista, Spacecom International, Thaicom Public Compay Limited., and others.  
Key players are adopting numerous strategies such as acquisition, collaboration, partnership, agreement, and business expansion, to stay competitive in the satellite services market.

Recent Developments

For instance, In June 2016, Viasat opened a new R&D center in Chennai, India. The new center aims at improving the connectivity in the region by providing high-speed broadband services to the end-users. This new center has reinforced its geographical presence in Asia.

Furthermore, in March 2017, Intelsat partnered with Kymeta. Kymeta is involved in providing mobile connectivity solutions. The aim of the partnership was to streamline the process of purchasing satellite services. They developed new KALO service, a software, that became available at the end of 2017. This KALO service introduced a simplified way to purchase satellite services for direct users, integrators and service providers, which has eased the process of purchasing of satellite services up to a certain extent.

Satellite Services Market
By Type

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Consumer Services is projected as the most lucrative segment.

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Based on type, the consumer services segment accounted for the highest share in the market in 2018. This is attributed to the noteworthy performance of satellite television and satellite broadband services in the developing regions. In Asia-Pacific, satellite broadcasting is in high demand. However, the cost of the broadband connection along with the subscription cost of many over-the-top media (OTT) services is an affordable option in Asia-Pacific

Satellite Services Market
By End-User Industry

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Media & Entertainment is projected as the most lucrative segment.

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Based on end-user industry, the media & entertainment segment has accounted for the highest share in the market in 2018. This is attributed to the increased demand for satellite television services in developing economies such as India, China, Brazil, and others. 

Satellite Services Market
By Region

2026
North America 
Europe
Asia-pacific
Lamea

North America is projected as the most lucrative segment.

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Based on region, North America has accounted for the highest share in the market in 2018. This is attributed to the presence of key players in North America. The U.S. holds around 38 to 39% of share in the global satellite services market. This is owing to healthy growth of the remote sensing and fixed satellite services segment in the region. The aerospace and defense segments are anticipated to be the end-user industry to experience rapid growth in North America.

Key Benefits for Satellite Services Market:

  • The report provides an in-depth analysis of the forecast along with the current and future satellite services market trends.
  • This report highlights the key drivers, opportunities, and restraints of the market along with the impact analyses during the forecast period.
  • Porter’s five forces analysis helps analyze the potential of the buyers & suppliers and the competitive scenario of the satellite services industry for strategy building.
  • A comprehensive analysis of the factors that drive and restrain the satellite services market growth is provided.
  • The qualitative data in this report aims on market dynamics, trends, and developments.
  • The satellite services market size is provided in terms of revenue.

Key Market Segments

  • By Type
    • Consumer Services
      • Satellite Television
      • Satellite Radio
      • Satellite Broadband
    • Fixed Satellite Services
      • Transponder Agreements
      • Managed Network Services
    • Mobile Satellite Services
    • Remote Sensing
    • Space Flight Management Services
  • By End User
    • Media & Entertainment
    • Government
    • Aviation
    • Defense
    • Aerospace
    • Retail & Enterprise
    • Others
  • By Region
    • North America
      • U.S.
      • Canada
      • Mexico
    • Europe
      • UK
      • Germany
      • France
      • Italy
      • Spain
      • Luxembourg
      • Russia
      • Rest of Europe
    • Asia-Pacific
      • China
      • India
      • South Korea
      • Australia
      • Japan
      • Rest of Asia-Pacific
    • LAMEA
      • Brazil
      • Saudi Arabia
      • UAE
      • South Africa
      • Rest of LAMEA


Key Market Players

  • Asia Satellite Telecommunications Co. Ltd.
  • EchoStar Corporation
  • EUTELSAT COMMUNICATIONS SA
  • Inmarsat plc.
  • INTELSAT S.A.
  • Intersputnik
  • MEASAT
  • PCCW Global
  • SES S.A.
  • Viasat, Inc
  • Thuraya Telecommunications Company
  • China Satellite Communications Co., Ltd.
 

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The satellite services market is anticipated to experience growth at a considerable rate during the forecast period. This is attributed to factors such as rise in demand for Earth observation applications from the developed economies such as the U.S., the UK, Germany, and Russia and an increase in demand for satellite broadband and satellite television services from Asia-Pacific, Latin America, and the Middle East regions. Along with the rise in demand for broadband services in Asia-Pacific, the aerospace sector is anticipated to witness growth owing to surge in investment in space-related activities in countries such as China, India, and Japan. This is expected to fuel the demand for the satellite services such as remote sensing. Furthermore, there is an increase in the demand for connectivity in the maritime sector and the aviation sector from developed economies.

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FREQUENTLY ASKED QUESTIONS?

A. AsiaSat collaborated with KBZ Gateway Company Limited. KBZ Gateway Company Limited is involved in telecommunication services business. The aim of the collaboration was providing Over-the-Top (OTT) via satellite video service in Myanmar. This service in Myanmar will support the free to air distribution of national TV channels, broadcasters & content providers to reach their audiences.

A. The satellite services market accounted for $126,500.0 million in 2018, and is anticipated to reach $144,531.6 million by 2026, registering a CAGR of 2.2% from 2019 to 2026.

A. The report sample for satellite services Market report can be obtained on demand from the website.

A. The potential costomers o satellite services includes the end user which need such services for their operation to work efficiency that includes media & entertainment industry,government firm, aviation sector, asnd other areas.

A. The key players analyzed in this report are Inmarsat plc, Intersputnik, MEASAT, PCCW Global, Intelsat, SES S.A., Eutelsat Communications SA, Viasat, Inc., EchoStar Corporation, China Satellite Communications Co., Ltd. (China Satcom), Thaicom Public Company Limited., Thuraya Telecommunications Company, and Asia Satellite Telecommunications Co. Ltd.

A. The company profiles of the top ten players of the satellite services Market can be obtained from the company profile section mentioned in the report. This section includes analysis of top ten player’s three year revenue, segmental revenue, product offerings, key strategies adopted, and geographical revenue generated.

A. Based on the global satellite services market analysis, North america is the major revenue contributor in 2018 and Asia-pacific region is expected to provide more business opportunities during the forecast period as well as is expected to see a lucrative growth during the forecast period.

A. The satellite service providers includes Romantis,ThurayaTelecommunications company and The Intersputnik organization who contributing significantly for the growth of satellite service market

A. The key growth strategies adopted by the satellite services industry players includes innovations and developments of better and efficient products. These strategies opted by various industry players is leading to the growth of the satellite services market as well as the players.

A. The satellite service includes consumer services, fixed satellite service, mobile satellite services and space flight management services and others.

A. The small and medium sized exterpeise operating in the satellite service market are experiencing a significnat decline due to COVID-19 pandemic due to considerable financial and technological risk.

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