Press release
Fixed Satellite Services Market to Reach USD 33.4 Billion by 2030, Says Stratview Research
Stratview Research
Stratview Research, a global market research firm, has launched a report on the global market, which provides a comprehensive outlook of the global and regional industry forecast, current & emerging market trends, segment analysis, competitive landscape, & more. The report's scope includes global market sizing, segmentation by service type, organization size, vertical, and region, and strategic insights relevant to operators, investors, and service providers focused on fixed satellite connectivity and long-haul communication solutions.
Request a free sample report: https://www.stratviewresearch.com/Request-Sample/3912/fixed-satellite-services-market.html#form
Market Statistics
• Market size: USD 23 billion (2023)
• Forecast value: USD 33.4 billion (2030)
• CAGR: 5.5% (2024-2030)
• Forecast period: 2024-2030
• Base year: 2023
• Total number of segments: 4
• Tables & figures: 100+
• Country-Level Market Assessment: 20
Market Segmentation
• By Service Type: Wholesale FSS, TV Channel Broadcast, Broadband and Enterprise Network, Video Contribution and Distribution, Trunking and Backhaul, Other Services, and Managed FSS
• By Organization Size Type: Small Office Home Office, Small and Medium Businesses, Large Enterprises
• By Vertical Type: Government, Education, Aerospace & Defence, Media & Entertainment, Oil & Gas, Retail, Other
• By Region: North America, Europe, Asia-Pacific, Rest of the World
Among service types, Broadband and Enterprise Network is the fastest-growing segment due to rising demand for always-on, high-speed connectivity in corporate networks and remote locations where terrestrial infrastructures are limited; enterprises increasingly turn to FSS to ensure reliable connections for data streams, cloud access, and inter-office communication, signaling strategic opportunity for service portfolio expansion.
Large enterprises dominate by organization size as they require bandwidth-intensive communication services and can invest in satellite connectivity for global operations, especially in sectors like oil & gas and aerospace; this dominance highlights that fixed satellite services are integral to mission critical operations at scale.
In verticals, the Media & Entertainment segment is expected to see significant growth because high-definition and ultra-high-definition broadcasting, live streaming, and content distribution depend on satellite networks for broad geographical reach, indicating that FSS providers should align offerings with evolving media delivery demands.
Regional Insights
Asia-Pacific is the fastest-growing region structurally supported by rising broadband demand, government initiatives for digital connectivity, and significant investments in satellite infrastructure across nations like China, India, and Southeast Asian countries; the region's broad digitalization agenda raises adoption of satellite services across enterprise and public sectors.
North America's leadership stems from well-established satellite communication infrastructure, strong broadcasting networks, and ongoing demand for high-capacity connectivity across sectors, reinforcing its structural dominance in the fixed satellite services market.
Market Drivers
• Growing need for continuous satellite communication in regions where terrestrial networks are absent or insufficient increases demand for FSS.
• Expansion of broadband and enterprise network services drives FSS adoption for reliable, high-speed connectivity.
• Increasing number of broadcasting networks and demand for high-quality video content requires extensive satellite capacity.
• Adoption of FSS to provide broadband internet services in unserved and remote areas boosts market uptake.
• Introduction of satellite services integrated with 5G networks enhances satellite communication demand.
Top Companies in the Market
• Eutelsat
• Hispasat
• Intelsat
• Russian Satellite Communications Company (RSCC)
• SES
• SKY Perfect JSAT Corporation
• Star One
• Telesat
• Thaicom
• Yahsat
FAQs
1.What is the current size of the Fixed Satellite Services Market ?
The fixed satellite services market was estimated at USD 23 billion in 2023, reflecting its essential role in global communications infrastructure.
2.How fast is the Fixed Satellite Services Market expected to grow ?
The market is forecast to grow at a CAGR of 5.5% from 2024 to 2030, driven largely by demand for broadband connectivity in underserved areas.
3.Which service type is growing fastest in the FSS market ?
The broadband and enterprise network segment is the fastest-growing service type as organizations seek always-on, high-speed communication links.
4.Why is Asia-Pacific a key region for fixed satellite services growth ?
Asia-Pacific's growth is supported by expanding digital infrastructure, government support for connectivity, and significant investments in satellite technologies.
5.What major vertical sectors drive demand for FSS ?
Media & entertainment drives demand due to high-definition content broadcasting and live streaming needs, making satellite services critical for global media distribution.
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Stratview Research is a global market research firm that highly specializes in aerospace & defense, chemicals, and a few other industries.
It launches a limited number of reports annually on the above-mentioned specializations. Thorough analysis and accurate forecasts in this report enable the readers to take convincing business decisions.
Stratview Research has been helping companies meet their global and regional growth objectives by offering customized research services. These include market assessment, due diligence, opportunity screening, voice of customer analysis, market entry strategies, and more.
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