Press release
Satellite Connectivity Market Size, Demand, Share, Revenue, Key Players, Growth, and Forecast 2031 | Thales Group, Norsat International Inc, Leonardo SpA
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Artificial or man-made satellites orbit the earth or other celestial bodies to analyze and predict the solar system and the universe. Also, satellites are used for various applications such as phone calls, television signals, positioning technology, and the military. Satellite connectivity is achieved through the transmission of radio waves from satellite capturing and processing of information from antennas and transponders installed at different locations on earth. Space organizations are rising satellite launches globally to overcome the maximum distance signal transmission barrier associated with conventional signal connectivity systems. Satellites relay digital and analog signals to transmit voice, video, and data to many locations globally.
Factors Affecting Marketing Growth
Growth in government investment in space exploration and an increase in satellite launches across the globe are expected to drive the growth of the global market.
The increase in the adoption of satellite constellations drives the growth of the global market.
Strict government regulations associated with satellite launches and high initial investment associated with satellite launch services may hinder the growth of the global market.
The increasing satellite applications, the rise in demand for satellite data, and the growing integration of AI, ML, and cloud computing in the space sector drive the growth of the global market.
Impact on COVID-19 Analysis
The COVID-19 outbreak forced governments across the globe to implement stringent lockdowns and ban the importexport of raw material items for most of 2020 & few months in 2021. This led to a sudden fall in the availability of important raw materials for manufacturing satellite connectivity components. Moreover, the nationwide lockdown forced satellite systems manufacturing facilities to partially or completely shut down their operations. Adverse impacts of the COVID-19 pandemic resulted in delays in activities and initiatives regarding the development of advanced satellite connectivity components globally. Thus, COVID-19 had a negative impact on the growth of the global market.
Regional Analysis
Asia-Pacific has exhibited the highest CAGR during the forecast period. Due to the rising satellite applications, the increase in demand for satellite data, and the growing integration of AI, ML, and cloud computing in the space sector drive the growth of the global market in the region.
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Leading Competitors
The prominent players in the global satellite connectivity market are:
Thales Group
Norsat International Inc
Leonardo SpA
L3Harris Technologies Inc
Israel Aerospace Industries Ltd
Honeywell International Inc
General Dynamics Corporation
Indra
Aselsan AS
ViaSat Inc
Others
Segmentation Analysis
The global satellite connectivity market segmentation focuses on Components, Orbit, End User, and Region.
Segmentation on the basis of Component
Video
Fixed
Mobility
Segmentation on the basis of Orbit
LEO
MEO
Elliptical
GEO
Segmentation on the basis of End User
Commercial
Civil and Earth Observation
Government and Military
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Segmentation on the basis of Region
North America
The U.S.
Canada
Mexico
Europe
Western Europe
The UK
Germany
France
Italy
Spain
Rest of Western Europe
Eastern Europe
Poland
Russia
Rest of Eastern Europe
Asia Pacific
China
India
Japan
Australia & New Zealand
ASEAN
Rest of Asia Pacific
Middle East & Africa (MEA)
UAE
Saudi Arabia
South Africa
Rest of MEA
South America
Brazil
Argentina
Rest of South America
Key questions answered in the global market report are:
- How does a global company acquire markets?
- What are its core strategies and policies?
- What factors will influence the market over the forecast period?
- What are the factors driving and restraining the market?
- What are the leading competitors in the global market?
- Which region is growing at a higher pace in the global market?
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