Satellite Deployments Fuel Expansion Of Satellite Communication Service And Equipment Market: An Emerging Driver Transforming The Satellite Communication Service And Equipment Market Landscape

The Satellite Communication Service And Equipment Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].

What Is the Projected Growth of the Satellite Communication Service And Equipment Market?
The market size for satellite communication service and equipment has seen a significant increase over the recent years. The market is projected to expand from $32.59 billion in 2024 to $39.33 billion in 2025, representing a compound annual growth rate (CAGR) of 20.7%. Factors contributing to this growth during the historic period include an increased need for space data-as-a-service, investments in satellite communications for national security reasons, a higher demand for stable communication networks in remote areas, the introduction of low earth orbit (LEO) satellites and constellations, and joint efforts between the public and private sector to capitalize on opportunities in the space sector.

In the forthcoming years, the market size for satellite communication service and equipment is set for speedy expansion. It is slated to surge to a valuation of $76.43 billion by 2029, registering a compound annual growth rate (CAGR) of 18.1%. The acceleration during this prediction period can be ascribed to factors like the spreading of cellular networks, the rising influence of IoT devices, the advent of high-throughput satellites (HTS), the mounting necessity for high-speed connectivity, commercial space industry development, and the demand for satellite technology in the military and government sectors. The upcoming period will witness major trends such as cutting-edge technological innovations, the need for more advanced satellites, a spike in edge computing, investments in artificial intelligence and the introduction of digital technologies.

Purchase the full report for exclusive industry analysis:
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=14486

What Are the Different Satellite Communication Service And Equipment Market Segments?
The satellite communication service and equipment market covered in this report is segmented -

1) By Type: Satellite Communication Service, Satellite Communication Equipment
2) By Frequency: C Band, L And S Band, X Band, Ka Band, Ku Band, Very High Frequency (VHF) And Ultra High Frequency (UHF) Bands, Extremely High Frequency (EHF) And Super High Frequency bands (SHF) Bands, Multi Band, Q Band
3) By Application: Government And Military Applications, Civil Satellite Communications, Commercial Application, Other Applications

Subsegments:
1) By Satellite Communication Service: Fixed Satellite Services (FSS), Mobile Satellite Services (MSS), Broadband Satellite Services, Broadcasting Satellite Services, Satellite Communication Network Services
2) By Satellite Communication Equipment: Ground Station Equipment, Satellite Terminals, Antennas, Amplifiers, Transceivers, Satellite Modems, Other Equipment

Get your free sample here:
https://www.thebusinessresearchcompany.com/sample.aspx?id=14486&type=smp

What Are the Primary Drivers Shaping the Satellite Communication Service And Equipment Market?
The satellite communication service and equipment market is anticipated to surge due to increased satellite deployments. Launching satellites into orbit around the Earth or other celestial bodies is what constitutes satellite deployment. The need for global connectivity, remote sensing functionalities, and national security, which enable communication, observation, navigation, and data transmission even over long distances and tough landscapes, fuels the demand for satellite deployments. Such deployments employ satellite communication services and equipment to create dependable data transmission connections between ground stations and satellites in orbit, facilitating important tasks like telemetry, tracking, and command functions, crucial for mission control and data retrieval. For example, over 2,800 satellites were launched into orbit as reported by the Space Foundation, a US-based non-profit organization, in January 2024. This marked a rise of 23% compared to 2022. Consequently, the increase in satellite deployments is fueling the expansion of the satellite communication service and equipment market.

Which Companies Are Leading in the Satellite Communication Service And Equipment Market?
Major companies operating in the satellite communication service and equipment market are Raytheon Technologies Corporation, Lockheed Martin Corporation, Airbus SE, QualComm Technologies Inc., General Dynamics Corporation, Honeywell International Inc., Safran SA, Texas Instruments Inc., Thales SA, L3Harris Technologies Inc., Bharti Airtel Limited, STMicroelectronics N.V., Singapore Technologies Engineering Ltd., ViaSat Inc., SES S.A., Tata Communications Ltd., Hughes Network Systems LLC, Eutelsat Communications S.A., Sky Perfect JSAT Holdings Inc., Furuno Electric Co. Ltd., Comtech Telecommunications Corp., China Satellite Communications Co. Ltd., Gilat Satellite Networks Ltd., APT Satellite Holdings Limited, Tejas Networks Limited, Global Invacom Group Limited, Space Star Technology Co. Ltd., AsiaSat Satellite Telecommunications Ltd., Synertone Communication Corporation, Avanti Communications Group plc

What Trends Are Expected to Dominate the Satellite Communication Service And Equipment Market in the Next 5 Years?
Leading corporations within the satellite communication service and equipment industry place an emphasis on technological advancements, like LTE-based satellite broadband devices, which are crucial for efficient communication in routine operations as well as during natural calamities. Such equipment capitalizes on the use of Long-Term Evolution (LTE) technology to establish an internet connection through satellite communication, fusing the swift and dependable features of LTE cellular networks with the extensive reach of satellite connections. For instance, in January 2024, an Indian telecom firm, Sasken Technologies Limited, unveiled an LTE-based satellite broadband device designed specifically for vital communication functions. This ground-breaking product offers a variety of services such as assistance during emergencies. It guarantees reliable satellite communication during catastrophic events like tsunamis and maintains dependable connectivity for essential communication needs. The onset of LTE over mobile satellite gear introduces standard 3GPP services over satellite structures, revolutionizing conventional communication methods and augmenting connectivity prospects for critical functions.

Get the full report for exclusive industry analysis:
https://www.thebusinessresearchcompany.com/report/satellite-communication-service-and-equipment-global-market-report

What Are the Top Revenue-Generating Geographies in the Satellite Communication Service And Equipment Market?
North America was the largest region in the satellite communication service and equipment market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the satellite communication service and equipment 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 Satellite Communication Service And Equipment Market?
2. What is the CAGR expected in the Satellite Communication Service And Equipment Market?
3. What Are the Key Innovations Transforming the Satellite Communication Service And Equipment Industry?
4. Which Region Is Leading the Satellite Communication Service And Equipment Market?

Why This Report Matters:

Competitive overview: This report analyzes the competitive landscape of the 3D imaging software market, evaluating key players on market share, revenue, and growth factors.

Informed Decisions: Understand key strategies related to products, segmentation, and industry trends.

Efficient Research: Quickly identify market growth, leading players, and major segments.

Connect with us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ.

Contact Us
Europe: +44 207 1930 708,
Asia: +91 88972 63534,
Americas: +1 315 623 0293 or
Email: mailto:info@tbrc.info

Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.

This release was published on openPR.