Press release
Fixed Satellite Services Market Anticipated To Witness Robust Growth, Surpassing $30.95 Billion By 2029
Fixed Satellite Services
What Is the Current Fixed Satellite Services Market Size and Its Estimated Growth Rate?
The size of the fixed satellite services market has been progressively increasing over the years. The market is expected to expand from a size of $22.43 billion in 2024 to $23.51 billion in 2025, with a compound annual growth rate (CAGR) of 4.8%. The factors that contributed to the historical growth can be traced back to the escalating demand for communication services, the broadening of broadcasting services, geopolitical variables, the surge in demand for satellite backhaul, and the advent of direct-to-home (DTH) broadcasting.
In the upcoming years, the fixed satellite services market is poised for robust growth, predicted to reach a valuation of $30.95 billion in 2029, growing at a compound annual growth rate (CAGR) of 7.1%. Several factors are projected to contribute to this growth in the forecast period, including rising demand for high-throughput satellites (HTS), the expansion of satellite broadband services, increased demand for mobility solutions, growth in remote sensing applications, development of small satellite constellations, and government investments in satellite infrastructure. Noteworthy trends for the forecast period encompass the adoption of software-defined satellite technology, the rise of satellite-as-a-service models, incorporation of artificial intelligence in satellite systems, an emphasis on sustainable satellite manufacturing, and the emergence of high-frequency satellite bands.
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How Are Emerging Segments Shaping the Fixed Satellite Services Market Landscape?
The fixed satellite services market covered in this report is segmented -
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
Subsegments:
1) By Channel Broadcast: Direct-To-Home (DTH) Services, Television And Radio Broadcasting
2) By Wholesale: Capacity Leasing, Wholesale Bandwidth Services
3) By Audiovisual Contribution And Distribution: Live Event Coverage, Content Contribution Services
4) By Broadband And Enterprise Network: Internet Access Services, Private Network Solutions
5) By Backhaul Services, Mobile Backhaul, Data Transport Services
6) By Managed Services: Network Management, System Integration
7) By Other Service Types: Specialized Applications, Government And Military Services
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Which Growth Factors Are Influencing Fixed Satellite Services Market Expansion?
The growth of the fixed satellite services market is projected to be fuelled by the escalating penetration of 5G. Characterized as fifth-generation mobile infrastructure, the unveiling of 5G networks amplifies the demand for fixed satellite services by facilitating quicker, more reliable connectivity in both urban and rural locations. This increases the requirement for backhaul solutions to integrate 5G base stations with primary networks, while also promoting the growth of satellite-based broadband services to bridge the digital gap. For instance, Telefonaktiebolaget LM Ericsson, a Telecommunication firm based in Sweden noted in May 2023 that from 0.54 billion in 2021, there was a climb in 5G mobile subscriptions to 0.951 billion in 2022. Moreover, predictions for 2028 suggest that the number of 5G mobile subscriptions will surge to 4.624 billion from 1.481 billion in 2023. Thus, it's evident the rising implementation of 5G is a catalyst for the growth of the fixed satellite services market.
Who Are the Dominant Players Across Different Fixed Satellite Services Market Segments?
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 Latest Developing Trends in the Fixed Satellite Services Market?
The rise of strategic alliances is a predominant trend in the fixed satellite services industry. Prominent corporations in this market are establishing collaborations to create a new dynamic where multiple entities work together to advance fixed satellite technology services. For example, in February 2022, Intelsat S.A., an American satellite service provider, teamed up with Sky Perfect JSAT Corporation, a broadcasting firm hailing from Japan, to boost the high-throughput satellite capacity by leveraging its JCSAT-1C high-throughput satellites (HTS) that are a part of its upcoming constellation, specifically in the Asian region. This alliance is projected to enhance income, diversify the product range, penetrate new markets and bolster the company's competitive standing.
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Which Geographic Regions Are Expected to Dominate the Fixed Satellite Services Market in the Coming Years?
North America was the largest region in the fixed satellite services market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the fixed satellite services market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Fixed Satellite Services Market?
2. What is the CAGR expected in the Fixed Satellite Services Market?
3. What Are the Key Innovations Transforming the Fixed Satellite Services Industry?
4. Which Region Is Leading the Fixed Satellite Services Market?
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