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The Soaring 5G Penetration Fuels Growth In The Fixed Satellite Services Market: Powering Innovation and Expansion in the Global Fixed Satellite Services Market by 2025
Fixed Satellite Services
What Is the Expected CAGR for the Fixed Satellite Services Market Through 2025?
The market size of fixed satellite services has shown consistent growth in the past few years. It is projected to increase from $22.43 billion in 2024 to $23.36 billion in 2025, representing a compound annual growth rate (CAGR) of 4.2%. The rise during the historic period can be traced back to the increasing need for communication services, the widening of broadcasting services, geopolitical considerations, a surge in the demand for satellite backhaul, and the advent of direct-to-home (DTH) broadcasting.
What's the Projected Size of the Global Fixed Satellite Services Market by 2029?
Expectations are for the fixed satellite services market size to witness substantial growth in the coming years, projected to reach a value of $30.48 billion by 2029, following a compound annual growth rate (CAGR) of 6.9%. Factors contributing to the growth during this forecast period include a rise in demand for high-throughput satellites (HTS), growth in satellite broadband services, increased need for mobility solutions, expansion in remote sensing applications, the establishment of small satellite constellations, and heightened government investments in satellite infrastructure. Forward-looking trends during this prediction period encapsulate the adoption of software-defined satellite technology, the emergence of satellite-as-a-service models, artificial intelligence integration in satellite systems, a focus on eco-friendly satellite manufacturing, and the appearance of high-frequency satellite bands.
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Top Growth Drivers in the Fixed Satellite Services Industry: What's Accelerating the Market?
The growth of the fixed satellite services market is anticipated to be fueled by the rising adoption of 5G technology. 5G denotes the fifth generation of mobile networks. The establishment of 5G networks increases the demand for fixed satellite services by hastening and heightening reliable connectivity in both urban and countryside areas. It augments the requirement for backhaul solutions for tying up 5G base stations with central networks and promotes the broadening of satellite-based broadband services to bridge the digital discrepancy. For example, Telefonaktiebolaget LM Ericsson, a telecommunications corporation based in Sweden, reported in May 2023 that 5G mobile subscriptions escalated from 0.54 billion in 2021 to 0.951 billion in 2022. It is further projected that by 2028, 4.624 billion 5G mobile subscriptions will be operational, rising from 1.481 billion in 2023. Hence, the surging penetration of 5G bolsters the fixed satellite services market.
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What Trends Will Shape the Fixed Satellite Services Market Through 2029 and Beyond?
Trend 1
One of the critical trends emerging in the fixed satellite services market is the formation of strategic alliances. Major players in this market are establishing partnerships to forge new collaborations for the advancement of fixed satellite technology services. For example, Intelsat S.A., a satellite services provider based in the US, recently joined forces with Sky Perfect JSAT Corporation, a broadcasting firm based in Japan, in February 2022. This collaboration aims to expand high-throughput satellite capacity using JCSAT-1C high-throughput satellites (HTS) from the next-generation constellation, focusing on the Asia region. The alliance is projected to amplify revenue, widen the product range, penetrate new markets, and bolster the company's competitive edge.
What Are the Main Segments in the Fixed Satellite Services Market?
The fixed satellite servicesmarket 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 Top Companies are Driving Growth in the Fixed Satellite Services Market?
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.
Which Regions Will Dominate the Fixed Satellite Services Market Through 2029?
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
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