Press release
Escalating Demand for Broadband Connectivity Boosting the Satellite Telecommunications Market: Market Prospects and Key Players
Satellite Telecommunications Market Size
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What Is The Projected Market Size Of The Global Satellite Telecommunications Market And Its Growth Rate?_x000D_
The global satellite telecommunications market has been exhibiting a strong growth pattern:_x000D_
• It will grow from $34.51 billion in 2024 to $36.58 billion in 2025, at a CAGR of 6.0%._x000D_
• Factors contributing to this growth include geopolitical considerations, market liberalization, disaster recovery and emergency communications, media and broadcasting needs, and connectivity in remote areas._x000D_
• The market is projected to reach $45.29 billion in 2029, growing at a CAGR of 5.5%._x000D_
• In the forecast period, growth is expected to be driven by the rising demand for broadband connectivity, IoT and m2m connectivity needs, emerging market opportunities, global 5g backhaul requirements, and environmental and climate monitoring._x000D_
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What Is Driving The Growth In The Satellite Telecommunications Market?_x000D_
The surge in demand for small satellites for earth observation services is propelling the growth of the satellite telecommunication market. These small satellites, which weigh less than a kilo (2,204 pounds), are increasingly used in varied applications like data communications, earth exploration, space research, and more. This growing demand can be substantiated by the SpaceNews report from 2024 which indicates that U.S. manufacturers accounted for approximately 85% of commercially procured satellites, and satellite manufacturing revenue rose by 9% to $17.2 billion, primarily driven by flexible software-defined payloads and advanced small satellites._x000D_
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Request A Free Sample Copy:_x000D_
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Who Are the Key Players Driving Satellite Telecommunications Market Growth?_x000D_
Major companies operating in the satellite telecommunications market include:_x000D_
• Société Européenne des Satellites_x000D_
• Viasat Inc._x000D_
• Telesat Corporation_x000D_
• EchoStar Corporation_x000D_
• L3Harris Technologies Inc._x000D_
• SKY Perfect JSAT Holdings Inc._x000D_
• Gilat Satellite Networks Ltd._x000D_
• Cobham Satcom_x000D_
• Inmarsat Global Limited_x000D_
• Intelsat S.A. and more._x000D_
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What Are The Key Trends In The Satellite Telecommunications Market?_x000D_
Major trends in the satellite telecommunications market include:_x000D_
• The use of satellites for earth observation_x000D_
• Development of high-capacity optical communication payloads_x000D_
• Rising interest in smallsat and cubesat deployments_x000D_
• Global expansion of broadband services_x000D_
• Increased focus on space situational awareness (SSA)._x000D_
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What Are The Segments Of The Global Satellite Telecommunications Market?_x000D_
The satellite telecommunications market has been segmented into:_x000D_
• By Component: Receiver, Transmitter Or Transponder, Transceiver, Antenna, Other Components_x000D_
• By Platform: Portable SATCOM Equipment, Land SATCOM Equipment, Maritime SATCOM Equipment, Airborne SATCOM Equipment_x000D_
• By Application: Asset Tracking Or Monitoring, Airtime, Drones Connectivity, Data Backup And Recovery, Navigation And Monitoring, Tele-medicine, Broadcasting, Other Applications_x000D_
• 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_x000D_
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Which Region Leads The Satellite Telecommunications Market?_x000D_
North America was the largest region in the satellite telecommunications market in 2024. Other regions covered in the market report include Asia-Pacific, Western Europe, Eastern Europe, South America, Middle East, and Africa._x000D_
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https://www.thebusinessresearchcompany.com/report/satellite-telecommunications-global-market-report_x000D_
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What Is Covered In The Satellite Telecommunications Market Global Market Report?_x000D_
- Market Size Analysis: Analyze the Satellite Telecommunications Market size by key regions, countries, product types, and applications._x000D_
- Market Segmentation Analysis: Identify various subsegments within the Satellite Telecommunications Market for effective categorization._x000D_
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape._x000D_
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market._x000D_
- Market Contribution: Evaluate contributions of different segments to the overall Satellite Telecommunications Market growth._x000D_
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers._x000D_
- Industry Challenges: Analyze challenges and risks affecting the Satellite Telecommunications Market._x000D_
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market._x000D_
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Learn More About The Business Research Company_x000D_
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The Business Research Company is a renowned market research firm with over 15,000+ reports from 27 industries covering 60+ geographies. The company's flagship product, the Global Market Model (GMM), is a premier market intelligence platform delivering comprehensive and updated forecasts to support informed decision-making._x000D_
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