Press release
2023 Satellite Telecommunications Market Development Status And Future Statistics By 2032
Satellite Telecommunications Market
Satellite Telecommunications Market Size, Growth Rate, And Forecast
The global satellite telecommunications market size is expected to grow from $39.78 billion in 2022 to $41.70 billion in 2023 at a compound annual growth rate (CAGR) of 4.8%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global satellite telecommunications market is expected to reach $47.77 billion in 2027 at a CAGR of 3.5%.
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Satellite Telecommunications Market Drivers
The increase in the demand for small satellites for earth observation services is expected to boost the growth of the satellite telecommunication market going forward. Small satellites refer to satellites that weigh less than a kilo (2,204 pounds). Small satellites are used to advertise conventional satellite applications in data communications, earth exploration, space research, and many other fields; hence, the increase in the demand for small satellites for earth observation services is expected to boost the satellite telecommunication market.
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Satellite Telecommunications Market Segments
1) By Component: Receiver, Transmitter Or Transponder, Transceiver, Antenna, Other Components
2) By Platform: Portable SATCOM Equipment, Land SATCOM Equipment, Maritime SATCOM Equipment, Airborne SATCOM Equipment
3) By Application: Asset Tracking Or Monitoring, Airtime, Drones Connectivity, Data Backup And Recovery, Navigation And Monitoring, Tele-medicine, Broadcasting, Other Applications
4) By Vertical: Energy And Utility, Government And Defense, Transport And Cargo, Maritime, Mining And Oil And Gas, Agriculture, Communication Companies, Corporates Or Enterprises, Media And Broadcasting, Other Verticals
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the Satellite Telecommunications Market.
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Satellite Telecommunications Market Key Players
Major competitors in the Satellite Telecommunications Market include Société Européenne des Satellites (SES S.A), Viasat Inc., Telesat, EchoStar Corporation, L3Harris Technologies Inc., SKY Perfect JSAT Holdings Inc., Gilat Satellite Networks, Cobham SATCOM, Inmarsat Global Limited, Intelsat, Thuraya Telecommunications Company, Honeywell International Inc., Iridium Communications Inc., General Dynamics Corporation, and Qualcomm Technologies Inc
The Business Research Company's "Global Satellite Telecommunications Market Report 2023" is a comprehensive report of the market, covering over 60 geographies and high level market segmentation per geography. The section on regional and country breakdowns examines the market in each geography as well as market size by region and country. Furthermore, it evaluates the market's historical and projected growth and identifies significant trends and strategies that businesses can use to expand their operations.
The Table Of Content For The Satellite Telecommunications Market Include:
1. Executive Summary
2. Satellite Telecommunications Market Characteristics
3. Satellite Telecommunications Market Trends And Strategies
4. Satellite Telecommunications Market - Macro Economic Scenario
5. Satellite Telecommunications Market Size And Growth
.......
26. Africa Satellite Telecommunications Market
27. Satellite Telecommunications Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Satellite Telecommunications Market
29. Satellite Telecommunications Market Future Outlook and Potential Analysis
30. Appendix
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