Press release
Emerging Trends to Reshape the Broadband Satellite Services Market: High Throughput Satellites Enhancing Broadband Connectivity as a Key Influencer
Broadband Satellite Services
What Is the Expected CAGR for the Broadband Satellite Services Market Through 2025?
In recent times, there has been a swift expansion of the broadband satellite services market. The market size, which was $5.57 billion in 2024, is projected to increase to $6.26 billion in 2025, indicating a compound annual growth rate (CAGR) of 12.4%. Factors leading to this growth during the historic period include the surging necessity for high-speed internet, growth of telecom networks, intensified application of broadband in isolated regions, rise in enterprise satellite connectivity, and the increase in satellite launches.
What's the Projected Size of the Global Broadband Satellite Services Market by 2029?
A significant surge in the broadband satellite services market is predicted in the upcoming years, anticipating a rise to $9.87 billion in 2029 with a compound annual growth rate (CAGR) of 12.1%. The predicted growth during the forecast period is linked to the escalating adoption of high-throughput satellites, the growth of satellite internet services, an increasing need for low latency broadband, heightening investment in satellite communication infrastructure, and heightened demand from maritime and aviation industries. Prevailing trends during the forecast period involve advancements in high-throughput satellite technologies, innovations in beamforming and frequency reuse, ongoing research in low-Earth orbit broadband constellations, progress in the integration of satellite and terrestrial networks, and enhancements in adaptive bandwidth management.
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Top Growth Drivers in the Broadband Satellite Services Industry: What's Accelerating the Market?
The expansion of the market is being spurred by the growing demand for high-speed internet access due to rising gigabit coverage.
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What Trends Will Shape the Broadband Satellite Services Market Through 2029 and Beyond?
Leading firms in the broadband satellite services industry are emphasizing the development of state-of-the-art products like high-throughput satellites to maintain an edge in the market. These high-throughput satellites substantially enhance satellite capacity and bandwidth, thus providing quicker and more reliable internet connectivity across all applications including residential, enterprise, and mobility, with a special focus on remote and underprivileged areas. For instance, in April 2023, Viasat, a telecommunications company based in the US, introduced the Viasat-3 Americas satellite. The satellite will be positioned into a geostationary transfer orbit and set at 88.9° west longitude to offer broadband connectivity. The ViaSat-3 Ka-band satellites are uniquely characterized by their supreme bandwidth efficiency. Moreover, they have the capability to refocus and spotlight capacity according to the fluctuating needs in any geographical area, whether on land, sea, or air.
What Are the Main Segments in the Broadband Satellite Services Market?
The broadband satellite services market covered in this report is segmented
1) By Type: Consumer Broadband, Enterprise Broadband, Government And Defense Broadband, Other Types
2) By Satellite Type: Geostationary Orbit, Medium Earth Orbit, Low Earth Orbit
3) By Frequency Band: Communication Band, K Abbreviation Band, Kurz-Under Band, Very High Frequency Band, Other Frequency Bands
4) By Application: Internet Access, Data Transfer And Networking, Telecommunications, Other Applications
5) By End-User: Residential Users, Small And Medium Enterprises (SMEs), Large Enterprises And Corporations, Other End-Users
Subsegments:
1) By Consumer Broadband: Residential Users, Individual Subscribers, Rural And Remote Households
2) By Enterprise Broadband: Small And Medium Businesses, Large Corporations, Educational Institutions
3) By Government And Defense Broadband: Military Communications, Emergency Response Services, Government Agencies
4) By Other Types: Maritime Connectivity, Aviation Connectivity, Internet Of Things Applications
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Which Top Companies are Driving Growth in the Broadband Satellite Services Market?
Major companies operating in the broadband satellite services market are Amazon.com Inc., Singtel, EchoStar Corporation, SpaceX Corp., Viasat Inc., SES S.A., Intelsat LLC, Arqiva Pte Ltd., Telesat, Hughes Network Systems LLC, Gilat Satellite Networks, Speedcast International Ltd., Globalstar Inc., AsiaSat Co. Ltd., Hispasat SA, Globecast, Eutelsat OneWeb, Avanti Communications Group Plc, Thuraya Telecommunications Co., and Antwerp Space.
Which Regions Will Dominate the Broadband Satellite Services Market Through 2029?
North America was the largest region in the broadband satellite services market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in broadband satellite services report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
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