Satellite Communications Market worth $138.74 billion by 2030, growing at a CAGR of 10.37% - Exclusive Report by 360iResearch

The "Satellite Communications Market by Component (Equipment, Services), Application (Asset Tracking/Monitoring, Broadcasting, Data Backup and Recovery), End-Use Industry - Global Forecast 2024-2030" report has been added to 360iResearch.com's offering.

The Global Satellite Communications Market to grow from USD 69.52 billion in 2023 to USD 138.74 billion by 2030, at a CAGR of 10.37%.

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Satellite Communications refer to the use of orbiting satellites to relay signals for telecommunications. These artificial bodies, positioned in space, facilitate long-distance communication by reflecting or amplifying radio, television, internet, and other forms of data between devices on Earth and possibly between spacecraft. The satellite communications market refers to the space-based communication technology used for telecommunication, television broadcasting, and broadband services across various end-use applications. Increasing demand for small satellites for earth and space observation services and the growing need for uninterrupted communication in numerous industries contribute to market growth. Moreover, escalating demand for military & defense satellite communication solutions is fueling market growth. High cost of development and maintenance, inadequate communication structures, and countries' participation in the communications industry can pose challenges to the market expansion of satellite communications. Advancements in satellite communication technologies and increasing demand for satellite communications for unmanned vehicles are expected to create market expansion opportunities.

The United States is a significant contributor due to its well-established space industry and the presence of global leaders in satellite manufacturing and launch services. Investments by government bodies such as the National Aeronautics and Space Administration (NASA) and the Department of Defense, as well as the private sector, support the region's robust infrastructure. The satellite communications market in South America is growing, focusing on expanding connectivity to remote areas and supporting economic growth. Countries such as Brazil and Argentina are steadily increasing their participation in the market with new satellite launches and infrastructure projects. The Asia-Pacific (APAC) region is experiencing rapid growth in satellite communications, attributed to the expanding telecommunications sector and increased demands for mobile and broadband services. Emerging economies such as India and China are heavily investing in space technology, leading to a surge in satellite launches and ground station developments. The region also witnesses a growing number of regional players in the market, aiming to provide satellite services tailored to local requirements, thereby driving innovation and competition. Europe has advanced technology and robust regulatory frameworks, with strong growth in satellite broadband and mobile communications. The Middle East's market growth is driven by the increasing demand for communication services, broadcasting, and earth observation data, particularly in countries with substantial oil and gas industries. Africa's satellite communications market is growing due to the pressing need for connectivity across vast, underserved regions, with more focus on reducing the digital divide and supporting socio-economic development.

Market Segmentation & Coverage:

This research report categorizes the Satellite Communications Market in order to forecast the revenues and analyze trends in each of following sub-markets:

Based on Component, market is studied across Equipment and Services. The Equipment is further studied across Antenna, Modem, Receiver, Transceiver, and Transponder. The Equipment commanded largest market share of 57.02% in 2023, followed by Services.

Based on Application, market is studied across Asset Tracking/Monitoring, Broadcasting, Data Backup and Recovery, Data Communication, Navigation and Monitoring, and Voice communication. The Navigation and Monitoring commanded largest market share of 24.00% in 2023, followed by Data Communication.

Based on End-Use Industry, market is studied across Aerospace & Defense, Government, Industrial, Maritime, Media, and Transportation & Logistics. The Aerospace & Defense commanded largest market share of 31.83% in 2023, followed by Media.

Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Europe, Middle East & Africa commanded largest market share of 36.17% in 2023, followed by Americas.

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FPNV Positioning Matrix:

The FPNV Positioning Matrix is essential for assessing the Satellite Communications Market. It provides a comprehensive evaluation of vendors by examining key metrics within Business Strategy and Product Satisfaction, allowing users to make informed decisions based on their specific needs. This advanced analysis then organizes these vendors into four distinct quadrants, which represent varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital(V).

Market Share Analysis:

The Market Share Analysis offers an insightful look at the current state of vendors in the Satellite Communications Market. By comparing vendor contributions to overall revenue, customer base, and other key metrics, we can give companies a greater understanding of their performance and what they are up against when competing for market share. The analysis also sheds light on just how competitive any given sector is about accumulation, fragmentation dominance, and amalgamation traits over the base year period studied.

Key Company Profiles:

The report delves into recent significant developments in the Satellite Communications Market, highlighting leading vendors and their innovative profiles. These include Airbus SE, Al Yah Satellite Communications Company PJSC, ASELSAN A.Ş., AST & Science, LLC, AvL Technologies, Campbell Scientific, Inc., Cobham Limited, Comtech Telecommunications Corp., CPI International Inc., EchoStar Corporation, Eutelsat S.A., General Dynamics Mission Systems, Inc., Gilat Satellite Networks Ltd., Globalstar, Inc., Holkirk Communications Ltd, Honeywell International Inc., Indra Sistemas, S.A., Intellian Technologies, Inc., Intelsat US LLC, Iridium Communications Inc., L3Harris Technologies, Inc., Ligado Networks, Maxar Technologies Holdings Inc., Network Innovations Inc., Qualcomm Incorporated, SES S.A., SKY Perfect JSAT Holdings Inc., ST Engineering, Telesat Corporation, The Marlink Group, Viasat, Inc., and Viking SatCom.

Key Topics Covered:

1. Preface
2. Research Methodology
3. Executive Summary
4. Market Overview
5. Market Insights
6. Satellite Communications Market, by Component
7. Satellite Communications Market, by Application
8. Satellite Communications Market, by End-Use Industry
9. Americas Satellite Communications Market
10. Asia-Pacific Satellite Communications Market
11. Europe, Middle East & Africa Satellite Communications Market
12. Competitive Landscape
13. Competitive Portfolio

The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on the market offered by the key players
2. Market Development: Provides in-depth information about lucrative emerging markets and analyzes penetration across mature segments of the markets
3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments

The report answers questions such as:
1. What is the market size and forecast of the Satellite Communications Market?
2. Which are the products/segments/applications/areas to invest in over the forecast period in the Satellite Communications Market?
3. What is the competitive strategic window for opportunities in the Satellite Communications Market?
4. What are the technology trends and regulatory frameworks in the Satellite Communications Market?
5. What is the market share of the leading vendors in the Satellite Communications Market?
6. What modes and strategic moves are considered suitable for entering the Satellite Communications Market?

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