Press release
Fixed Satellite Services Market: Steady Growth, Rising Demand, and Emerging Technologies Propelling Market to $30.95 Billion by 2029
Fixed Satellite Services Market Size
What Is The Projected Market Size Of The Global Fixed Satellite Services Market And Its Growth Rate?
- The fixed satellite services market has been growing steadily.
- The market size was $22.43 billion in 2024 and is expected to reach $23.51 billion in 2025 at a compound annual growth rate (CAGR) of 4.8%.
- This growth is powered by growing demand for communication services, expansion of broadcasting services, geopolitical factors, increased demand for satellite backhaul, and the emergence of direct-to-home (DTH) broadcasting.
- The fixed satellite services market is set for strong growth in the future, reaching $30.95 billion in 2029 at a CAGR of 7.1%.
- Key growth drivers include increasing demand for high-throughput satellites (HTS), expansion of satellite broadband services, rising demand for mobility solutions, growth in remote sensing applications, development of small satellite constellations, and government investments in satellite infrastructure.
What Is Driving The Growth In The Fixed Satellite Services Market?
The growth in the fixed satellite services market is primarily propelled by the increasing penetration of 5G. An offshoot of the fifth generation of a mobile network, 5G enhances the demand for fixed satellite services by offering faster, more reliable connectivity in urban and rural areas. It intensifies the need for backhaul solutions to link 5G base stations with central networks and promotes the extension of satellite-based broadband services to diminish the digital divide.
For example, según Telefonaktiebolaget LM Ericsson, a telecommunications company based in Sweden, 5G mobile subscriptions had a significant rise, going from 0.54 billion in 2021 to 0.951 billion in 2022. Projections for 2028 predict 4.624 billion 5G mobile subscriptions, a huge leap from 1.481 billion in 2023. Thus, the rising 5G penetration is a significant driver of the fixed satellite services market.
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Who Are the Key Players Driving Fixed Satellite Services Market Growth?
Major companies operating in the fixed satellite services market include:
- General Dynamics Corporation
- Embratel
- Cobham Limited
- EchoStar Satellite Services LLC
- Hughes Network Systems LLC
- Singapore Telecommunications Limited
- Intelsat S.A
- SES SA
- Inmarsat Global Limited
- Eutelsat Communications S.A
- Telesat Holdings Inc.
- Iridium Communications Inc.
- Telespazio S.p.A.
- Arqiva Ltd.
- Globecast
- Hispasat SA
- Globalstar Inc.
- Encompass Digital Media Inc.
- Arab Satellite Communications Organization
- Thaicom Public Company Limited
- Nigerian Communications Satellite Limited
- ABS Global Ltd.
- Liquid Intelligent Technologies
- Avanti Communications Group plc
- Gazprom Space Systems
- Russian Satellite Communications Company
- MEASAT Global Bhd
- Telstra Group Limited
- Singapore Telecommunications Ltd. (Singtel)
- DU Emirates Integrated Telecommunications Corp.
What Are The Key Trends In The Fixed Satellite Services Market?
Noteworthy market trends include:
- Adoption of software-defined satellite technology
- Rise of satellite-as-a-service models
- Integration of artificial intelligence in satellite systems
- Focus on sustainable satellite manufacturing
- Emergence of high-frequency satellite bands
What Are The Segments Of The Global Fixed Satellite Services Market?
1) By Service Type: Channel Broadcast, Wholesale, Audiovisual Contribution and Distribution, Broadband and Enterprise Network, Backhaul Services, Managed Services, Other Service Types
2) By Organization Size: Small Office and Home Office, Small and Medium Businesses, Large Enterprises
3) By Industry Vertical: Government, Education, Aerospace and Defense, Retail, Oil and Gas, Telecom and Information Technology, Media and Entertainment, Other Industry Verticals
Which Region Leads The Fixed Satellite Services Market?
North America was the largest region in the fixed satellite services market in 2024, while Asia-Pacific is predicted to be the fastest-growing region during the forecast period. The report covers several regions, including Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.
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What Is Covered In The Fixed Satellite Services Market Global Market Report?
- Market Size Analysis: Analyze the Fixed Satellite Services Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Fixed Satellite Services Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Fixed Satellite Services Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Fixed Satellite Services Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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