Satellite Communication Service And Equipment: A Leading Driver Behind Satellite Deployments Fuel Expansion Of Satellite Communication Service And Equipment Market Market Expansion in 2025

Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts

What Will the Satellite Communication Service And Equipment Industry Market Size Be by 2025?
In recent times, there has been a significant increase in the market size of satellite communication service and equipment. The market is projected to develop from $32.59 billion in 2024 to $39.33 billion in 2025 with a compound annual growth rate (CAGR) of 20.7%. This growth during the historical period can be credited to the surge in demand for space data-as-a-service, national security's investments in satellite communications, the need for reliable communication networks in distant regions, the introduction of Low Earth Orbit (LEO) satellites and constellations, and cooperative efforts between public and private sectors to expand opportunities in the space sector.

What's the Long-Term Growth Forecast for the Satellite Communication Service And Equipment Market Size Through 2029?
In the coming years, the satellite communication service and equipment market is poised for swift expansion. The market is projected to rise to $76.43 billion in 2029, witnessing a compound annual growth rate (CAGR) of 18.1%. The projected growth in this period can be linked to a wide range of factors such as the broadening of cellular networks, proliferation of IoT devices, development of high-throughput satellites (HTS), growing requirement for high-speed, expansion of the commercial space industry and increasing demand for satellite technology in military and government applications. Throughout this forecast period, significant trends to watch would include technological advancements, increasing demand for more efficient satellites, the rise of edge computing, growth in artificial intelligence investments, and the emergence of digital technologies.

View the full report here:
https://www.thebusinessresearchcompany.com/report/satellite-communication-service-and-equipment-global-market-report

What Are the Key Growth Drivers Fueling the Satellite Communication Service And Equipment Market Expansion?
The satellite communication service and equipment market's growth is projected to surge due to the increasing number of satellite deployments. Launching satellites into orbit around Earth or other heavenly bodies is what satellite deployment entails. This demand arises from the necessity for global connectivity, remote sensing capabilities, and national security. These needs facilitate communication, observation, navigation, and data transmission over vast distances and complicated terrains. Satellite communication services and equipment are used in these deployments to create dependable data transmission links between ground stations and satellites in orbit. This allows for essential tasks such as telemetry, tracking, and command functions, which are vital for mission control and data retrieval. For instance, the Space Foundation, a non-profit organization based in the United States, reported that over 2,800 satellites were launched into orbit as of January 2024. This signifies a 23% increase from 2022. Consequently, the upsurge of satellite deployments is fueling growth in the satellite communication service and equipment market.

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

What Are the Key Trends Driving Satellite Communication Service And Equipment Market Growth?
Leading businesses in the satellite communication service and equipment industry are concentrating on technological advancements like LTE-based satellite broadband tools to facilitate essential communications during disasters and regular procedures. The hardware of this device applies LTE (Long-Term Evolution) technology to establish an internet connection through satellite communication. It merges the speed and dependability of LTE mobile networks with the worldwide reach of satellite connections. For example, in January 2024, Sasken Technologies Limited, a telecommunications corporation based in India, debuted an LTE-based satellite broadband tool designed to address vital communication needs. This ground-breaking product offers a range of services, including emergency communication assistance. It allows for essential satellite communications during calamities such as tsunamis and assures reliable communication connectivity for vital communication needs. The incorporation of LTE into mobile satellite equipment introduces standard 3GPP services to satellite infrastructure, innovating traditional communication approaches and enhancing connectivity possibilities for crucial operations.

How Is the Satellite Communication Service And Equipment Market Segmented?
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

Tailor your insights and customize the full report here:
https://www.thebusinessresearchcompany.com/customise?id=14486&type=smp

Which Companies Are Leading the Charge in Satellite Communication Service And Equipment Market Innovation?
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

Which Regions Are Leading the Global Satellite Communication Service And Equipment Market in Revenue?
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.

Purchase the full report today:
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=14486

"This Report Supports:
1.Business Leaders & Investors - To identify growth opportunities, assess risks, and guide strategic decisions.
2.Manufacturers & Suppliers - To understand market trends, customer demand, and competitive positioning.
3.Policy Makers & Regulators - To track industry developments and align regulatory frameworks.
4.Consultants & Analysts - To support market entry, expansion strategies, and client advisory work."

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.