Press release
Satellite Communication Market worth $92.28 Billion by 2028, growing at a CAGR of 9.8% over Forecast Period 2024-2033
Satellite Communication Market Report
The Business Research Company offers in-depth market insights through Satellite Communication Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
Market Size And Growth Forecast:
The satellite communication market size has grown strongly in recent years. It will grow from $58.13 billion in 2023 to $63.42 billion in 2024 at a compound annual growth rate (CAGR) of 9.1%. The growth in the historic period can be attributed to emerging markets growth, increasing investments in satellites and launch of advanced low earth orbit satellites.
The satellite communication market size is expected to see strong growth in the next few years. It will grow to $92.28 billion in 2028 at a compound annual growth rate (CAGR) of 9.8%. The growth in the forecast period can be attributed to increasing investment in low earth orbit satellites, robust government support, growing demand for telecommunication, growing investments in the space sector and increasing number of satellite launches. Major trends in the forecast period include product innovations, technological advancements, focus on investing in very high throughput satellites (vhts), use of artificial intelligence in radio frequencies (rf) and focus on strategic partnerships and collaborations.
Get Free Sample Of This Report-
https://www.thebusinessresearchcompany.com/sample.aspx?id=7096&type=smp
Market Segmentation:
The satellite communication market covered in this report is segmented -
1) By Component: Transponder, Transceiver, Antenna, Receiver, Other Components
2) By Technology: SATCOM Automatic Identification System, SATCOM VSAT, SATCOM On The-Move (SOTM), SATCOM On The Pause (SOTP), SATCOM Telemetry
3) By Application: Asset Tracking/Monitoring, Airtime, Data Backup And Recovery, Navigation And Monitoring, Broadcasting, Drones' Connectivity, Tele-Medicine, Other Applications
4) By Vertical: Government And Military Applications, Civil Satellite Communications, Commercial Application, Other Verticalsser Industries
Major Driver - Rising Adoption Of Low Earth Orbit Satellites Propels Growth In Satellite Communication Market
The increasing adoption of low-earth orbit satellites in various sectors will drive the satellite communication market in the forecast period. Low-earth orbit (LEO) satellites are said to be the technology to revolutionize the internet and digital communication. For instance, in June 2022, the US Space Force's Commercial Satellite Communications Office (CSCO) stated that it plans to award nearly $2.3 billion in commercial satcom contracts over the next two years. CSCO buys commercial satcom capacity and services for the US armed forces and allies. The largest of the commercial opportunities is an $875 million multiple-award deal for low earth orbit satellite broadband services over 10 years. Therefore, investment in low earth orbit satellites is expected to propel the satellite communication market growth.
Competitive Landscape:
Major companies operating in the satellite communication market report are Thales Group, Honeywell International Inc, L3Harris Technologies, Inc., Viasat, Inc., Cobham Limited, Gilat Satellite Networks Ltd., Baylin Technologies, Al Yah Satellite Communication Company PJSC, KVH Industries, Inc., Iridium Communications Inc., Jio Satellite Communications Ltd, One Space Tech, Land Space Technology Corporation Ltd, Laser Fleet, Hughes Communications India Ltd, China Satellite Communications Co Ltd, AAC Clyde Space, Alba Orbital, Apogeo Space, Argotec, Exobotics, Exodus Orbitals, Cessna, Telespazio SpA, Lockheed Martin Corporation, Raytheon, JSC Information Satellite Systems Reshetnev, Russian Satellite Communications Company, Surrey Satellite Technology Ltd, GomSpace Group AB, EnduroSat, Sputnix, Telesat, Intelsat, General Dynamics, EchoStar, Spire, TerreStar Solutions Inc, Ciel Satellite Group, Andesat
Get Access To The Full Market Report -
https://www.thebusinessresearchcompany.com/report/satellite-communication-global-market-report
Top Trend - Satellite Communication Market Driven By Innovative Product Launches And Technological Advancements
Product innovations are a key trend gaining popularity in the satellite communications market. Major companies operating in the satellite communication market are introducing innovative products to grow in the market. For instance, in January 2023, China launched a new telecommunications satellite, the APSTAR-6E, using a Long March-2C carrier rocket from the Xichang Satellite Launch Center. The satellite will be used to supply high-throughput communication services across Southeast Asia.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Satellite Communication Market Characteristics
3. Satellite Communication Market Trends And Strategies
4. Satellite Communication Market - Macro Economic Scenario
5. Satellite Communication Market Size And Growth
…..
27. Satellite Communication Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Blog: https://blog.tbrc.info/
Healthcare Blog: https://healthcareresearchreports.com/
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model
About The Business Research Company
The Business Research Company (www.thebusinessresearchcompany.com) is a market intelligence firm that pioneers in company, market, and consumer research. Located globally, TBRC's consultants specialize in various industries including manufacturing, healthcare, financial services, chemicals, and technology. The firm has offices located in the UK, the US, and India, along with a network of proficient researchers in 28 countries.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Satellite Communication Market worth $92.28 Billion by 2028, growing at a CAGR of 9.8% over Forecast Period 2024-2033 here
News-ID: 3427603 • Views: …
More Releases from The Business Research Company
Medical Device Contract Manufacturing Global Market Size, Top Companies, Share, …
The medical device contract manufacturing market size has grown rapidly in recent years. It will grow from $88.36 billion in 2023 to $101.04 billion in 2024 at a compound annual growth rate (CAGR) of 14.3%. The growth in the historic period can be attributed to cost efficiency, specialized manufacturing, supply chain resilience, quality and certification, regulatory expertise.
The medical device contract manufacturing market size is expected to…
Maritime Safety System Global Market Exhibit a Remarkable CAGR of 5.2% and is Ex …
The maritime safety system market size has grown strongly in recent years. It will grow from $19.85 billion in 2023 to $21.18 billion in 2024 at a compound annual growth rate (CAGR) of 6.7%. The growth in the historic period can be attributed to international maritime regulations, growth in global shipping, maritime accidents, rising concerns about piracy, environmental protection.
The maritime safety system market size is expected…
Luxury Vinyl Tiles (LVT) Flooring Global Market Size, Growth, Share with Countri …
The luxury vinyl tiles (lvt) flooring market size has grown rapidly in recent years. It will grow from $23 billion in 2023 to $26.36 billion in 2024 at a compound annual growth rate (CAGR) of 14.6%. The growth in the historic period can be attributed to residential renovation boom, commercial flooring solutions, water and moisture resistance, environmental sustainability, health and safety compliance.
The luxury vinyl tiles (lvt)…
Liquid Packaging Global Market Sales Estimated to Hit $681.84 Billion By 2028 | …
The liquid packaging market size has grown strongly in recent years. It will grow from $475.82 billion in 2023 to $507.27 billion in 2024 at a compound annual growth rate (CAGR) of 6.6%. The growth in the historic period can be attributed to beverage industry growth, sustainability initiatives, e-commerce growth, packaging regulations, consumer behavior.
The liquid packaging market size is expected to see strong growth in the…
More Releases for Satellite
Satellite Transponders Market to Witness Huge Growth by 2026| APT Satellite Comp …
Latest released the research study on Global Satellite Transponders Market, offers a detailed overview of the factors influencing the global business scope. Satellite Transponders Market research report shows the latest market insights, current situation analysis with upcoming trends and breakdown of the products and services. The report provides key statistics on the market status, size, share, growth factors of the Satellite Transponders.
The study covers emerging player's data, including: competitive…
Satellite Transponders Leasing Market Is Booming Worldwide | SingTel Optus, MEAS …
HTF MI recently introduced Global Satellite Transponders Leasing Market study with in-depth overview, describing about the Product / Industry Scope and elaborates market outlook and status to 2023. The market Study is segmented by key regions which is accelerating the marketization. At present, the market is developing its presence and some of the key players from the complete study are Intelsat, SES, Eutelsat, SingTel Optus, MEASAT satellite systems, Asia Broadcast…
Satellite Market by Type (Large Satellite, Mini Satellite, Micro Satellite, and …
The global satellite market is driven by increase in demand for direct to home (DTH) television, high definition TV conversion, and intercontinental transmission in developed economies. In addition, continuous growth of video diffusion and internet access, increase in demand for digital TV and growth in communication and broadcasting market fuels the market growth. However, technology risk, spectrum access risk, and increase in competition from fiber optical cable limit the market…
Satellite Market by Type (Large Satellite, Mini Satellite, Micro Satellite, and …
The global satellite market is segmented on the basis of type, end user, and application. Type segment covered in this study include large satellite, mini satellite, micro satellite, and nano satellite. Based on end user, the market is categorized into commercial, civil, government, and others. On the basis of application, the market is divided into scientific research, technology demonstration and verification, earth observation and remote sensing, scientific research, communication, and…
Satellite Transponders Leasing Market Outlook to 2025 - MEASAT satellite systems …
The satellite transponders leasing market is anticipated to grow at a CAGR of 4.43% during the forecast period of 2015-2025 and accounts for US$ 19,225.3 Mn in the year 2025.
An exclusive Satellite Transponders Leasing market research report created through broad primary research (inputs from industry experts, companies, and stakeholders) and secondary research, the report aims to present the analysis of Global Satellite Transponders Leasing Market By Type, By Application, By…
Satellite Transponders Leasing Market Outlook to 2025 – Intelsat, SES, Telesat …
ReportsWeb.com added “Satellite Transponders Leasing Market - Global Trends, 2018 Analysis and 2025 Forecasts” report to its research database. This Report is spread across 150 Pages and Supported by 10 Company Leaders.
Satellite transponders are small chip size circuits that are integrated into satellites for the purpose of transmitting the uplink data/information to the downlink and vice-versa. The rising trend of advanced channel broadcasting has escalated the demand for satellite transponders…
