Press release
Satellite services market size is predicted to cross $144.5 billion by 2026
The major factors that propel the satellite services market include increase in demand for earth-observing application from developed regions such as North America, and Europe. Furthermore, there is high demand for satellite services from the commercial aviation sector for air traffic management. However, there is a decrease in demand for satellite television services segment in the U.S., which hinders the growth of the market. Some of the countries in the Middle East and Asia have less penetration of high definition channels, which is anticipated to increase in the future. Owing to this, the consumer services segment is anticipated to witness considerable growth in the coming years.
๐๐๐ช๐ฎ๐๐ฌ๐ญ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐๐ฉ๐จ๐ซ๐ญ ๐๐ญ: https://www.alliedmarketresearch.com/request-sample/6075
The satellite services market is segmented based on type, end-user industry, and region. By type, the market is classified into consumer services, fixed satellite services, mobile satellite services, remote sensing, and space flight management services. On the basis of end-user industry, the market is categorized into media & entertainment, government, aviation, defense, aerospace, retail & enterprise, and others. Based on region, the global market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. Satellite services market share is analyzed across all the regions.
Based on type, the consumer services segment dominated the market in 2018. This is attributed to the presence of huge consumer base in Europe and in some of the countries of Asia-Pacific such as India. Based on end-user industry, the media & entertainment segment garnered the highest market share in 2018.
Based on region, Asia-Pacific is expected to experience growth at fastest growth rate. The major countries in Asia-Pacific are aiming to improve their connectivity during the coming years. Owing to these factors, there is a rise in demand for satellite broadband and fixed satellite services in the communication sector. Countries with a dominant share in the Asia-Pacific market are China, Japan, South Korea, and India.
๐๐ฎ๐ฒ ๐๐จ๐ฆ๐ฉ๐ฅ๐๐ญ๐ ๐๐๐ฉ๐จ๐ซ๐ญ ๐๐จ๐ฐ! https://www.alliedmarketresearch.com/satellite-services-market/purchase-options
The satellite services market analysis covers in-depth information of the major industry participants. The key players operating and profiled in the market includes Inmarsat plc, Intersputnik, MEASAT, PCCW Global, Intelsat, SES S.A., Eutelsat Communications SA, Viasat, Inc., Echostar Corporation, China Satellite Communications Co., Ltd. (China Satcom), Thuraya Telecommunications Company, and Asia Satellite Telecommunications Co. Ltd.
Other players in the value chain of the global market include Vista, Spacecom International, Thaicom Public Company Limited., and others.
๐๐๐ฒ ๐ ๐ข๐ง๐๐ข๐ง๐ ๐จ๐ ๐๐ก๐ ๐๐๐ญ๐๐ฅ๐ฅ๐ข๐ญ๐ ๐๐๐ซ๐ฏ๐ข๐๐๐ฌ ๐๐๐ซ๐ค๐๐ญ :
The satellite services market is analyzed from 2018 to 2026 and market size in provided in terms of revenue.
Asia-Pacific is projected to grow at the highest CAGR of nearly 3.3%, during the forecast period.
Based on end-user industry, the media & entertainment segment is anticipated to garner highest market share of 25.0% during the forecast period.
North America dominated the market with a revenue share of over 47.1% in 2018
A comprehensive analysis of the factors that drive and restrain the satellite services market growth is provided.
The qualitative data in this report aims at the market dynamics, trends, and developments in the satellite services industry.
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