Satellite Communication Market Future Outlook, COVID-19 Impact Analysis, Forecast - 2031

The Satellite Communication Market is expected to register a CAGR of 8.9% during the forecast period. The primary driving factors of the satellite communication market include oil and gas, energy, agriculture, and defence around the globe. Satellite communication is the use of satellites, to send signals in the form of modulated wave beams between transmitter and reception antennas. These signals are amplified and sent back to the ground via the receiving antenna.

Any communication link that uses an artificial satellite in its propagation path is referred to as satellite communication. In today's world, satellite communications are critical, as they relay the signal around the curve of the Earth allowing communication between widely separated geographical points.. Over 2,000 artificial satellites are currently in use. They are utilised for traditional point-to-point communications, mobile applications, and the distribution of TV and radio programming, and can be found in geostationary, Molniya, elliptical, and low Earth orbits.

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In nearly half a century, satellite communications technology have achieved amazing breakthrough efficiencies and improvements in performance. These innovations, on the other hand, have come in tandem with significant performance improvements in other IT and telecommunications systems.

Today's satellites are, in many ways, digital processors in the sky with specialised software, defining how they operate and their communications capabilities. Indeed, advancements in satellite communications, as well as all forms of telecommunications and computer systems, have followed similar paths.

The impact on propagating signals is highly changeable due to ionospheric fluctuation (Space Weather). The impacts of Space Weather on propagation can be minimised to some extent through engineering design solutions, but when broadcast signals cross the ionosphere, attenuation and/or extreme ionisation can result in a total loss of communication.

For Instance, in August 2021, TRAI, the telecom regulator of India has recommended that companies offering satellite-based IoT connectivity and low bit-rate services, be allowed to hire foreign satellite capacities for longer tenures, beyond the currently permissible 3-5 years spans, to make such services more affordable in India

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Market Coverage

Regions Covered- Globally
Competitive Landscape: SES S.A, Viasat, Inc.,Intelsat,Telesat, EchoStar Corporatio, L3 Technologies, Inc., Thuraya Telecommunications Company, SKY Perfect JSAT Group,GILAT SATELLITE NETWORKS.

Key questions addressed by the report

What is the market growth rate?
Which segment and region dominates the market in base year?
Which segment and region will project fastest growth in the market?
How COVID-19 impacted the market?
o Recovery Timeline

o Deviation from pre-COVID forecast

o Most affected region and segment

Who is the leader in the market?
How players are addressing challenges to sustain growth?
Where is the investment opportunity?

The Satellite Communication Market by Application

Voice communication
Broadcasting
Data Communication

The Satellite Communication Market by Component

Equipment
Services

The Satellite Communication Market by End-Use Industry

Maritime
Aerospace and Défense
Industrial
Government
Transportation and Logistics
Media
Others

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