Global $ 131.68 billion satellite communications market size by 2028 at 9.10% CAGR: Verified Market Research®


JERSEY CITY, NJ, October 6, 2021 / PRNewswire / – Verified Market Research recently published a report, “Satellite communications market“By product (SATCOM transponder, SATCOM transceiver, SATCOM antenna), by vertical (government and military applications, civil satellite communications, commercial application), by end user (portable SATCOM equipment, SATCOM land mobile equipment, maritime SATCOM equipment) , and by Geography According to verified market research, the global satellite communications market size was estimated to be $ 65.68 billion in 2020 and should reach $ 131.68 billion by 2028, with a CAGR of 9.10% from 2021 to 2028.

Download the PDF brochure:

Browse the table of contents in depth toSatellite communications market

202 – Slips
126 – Tables
37 – Figures

Overview of the Global Satellite Communications Market

The use of satellite communication is widely used in television, telephone, radio, internet and military applications. A wide range of radio and microwave frequencies are used for satellite communication. The purpose of communication satellites is to relay the signal through the curve of the Earth allowing communication between widely separated geographic points. It covers a large area of ​​the earth, then the whole country or location can be covered with one satellite.

The growing applications and adoption of artificial intelligence (AI) and the Internet of things (IoT) have paved the way for intelligent transport systems (ITS). These systems allow customers to track cars or engines and allow freight operators to share and receive information quickly. The use of satellite communication for transport will allow continuous and uninterrupted transmission of data between the vehicle and the transport hub, thus filling the gaps in terrestrial networks. Therefore, the use of satellites for communication in transport networks, which includes logistics, will provide adequate growth opportunities for the market.

Key developments in Satellite communications market

  • In March 2021, SKY Perfect JSAT signs a contract with Airbus for the construction of the Superbird-9 telecommunications satellite.
  • In August 2020, Intelsat has successfully launched Galaxy 30, a satellite that will provide Intelsat Media customers with North America with high performance broadcast distribution capabilities.

The main players in the market are EchoStar Corporation, SKY Perfect JSAT Group, L3 Technologies, Inc., SES SA, Telesat, Intelsat, Viasat, Inc., Gilat Satellite Networks and Thuraya Telecommunications Company.

Verified market research segmented the global satellite communications market on the basis of product, vertical, end user, and geography.

  • Satellite Communications Market, By Product
      • SATCOM transponder
      • SATCOM transceiver
      • SATCOM antenna
      • Modern SATCOM
  • Satellite communications market, by vertical
    • Government and military applications
    • Civil satellite communications
    • Commercial application
    • Others
  • Satellite Communications Market, By End User
    • Portable SATCOM equipment
    • SATCOM land mobile equipment
    • Maritime SATCOM equipment
    • Airborne SATCOM equipment
    • Land fixed SATCOM equipment
  • Satellite communications market by geography
    • North America
    • Europe
      • Germany
      • France
      • UK
      • Rest of Europe
    • Asia Pacific
      • China
      • Japan
      • India
      • Rest of Asia Pacific
    • LINE
      • Middle East & Africa
      • Latin America

Browse related reports:

Maritime Satellite Communications Market By End User (Government, Merchant, Recreational Vessels), By Type (Mobile Satellite Service, Ultra Small Aperture Terminal), By Service (Tracking & Surveillance, Voice, Data, Video), By Application (perioperative, acute / critical care, intensive care units), by geography, forecast, 2020-2027

Satellite Modems Market By End User (Transportation & Logistics, Oil & Gas, Power & Utilities), By Data Range (Entry-Level Data Rate Modems, Mid-Range Data Rate Modems), By Channel Type (Single Channel Modems Per Operator, Multi-Channel Modems Per Operator), By Application (Offshore Communication, Tracking & Surveillance, Mobile & Link), By Geography, Forecast, 2020-2027

Satellite Transponder Market by Service (Rental, Maintenance, and Support), by Applications (Business Communications, Government Communications, Navigation), by Geography, Forecast, 2020-2027

Aerospace and Defense Telemetry Market By Type (Radio, Satellite), By Application (Aerospace, Defense), By Geography, Forecast, 2020-2027

Top 7 Satellite Internet Service Providers Providing Broadband Network In The World

Visualize the Satellite Communications Market Using Verified Market Intelligence: -:

Verified market intelligence is our BI compatible platform for the narrative storytelling of this market. VMI offers detailed trends and accurate information on over 20,000 emerging and niche markets, helping you make critical decisions impacting revenue for a bright future.

VMI provides a holistic overview and global competitive landscape with regard to region, country and segment, and key players in your market. Present your market report and findings with a built-in presentation function, saving over 70% of your time and resources for investor arguments, sales and marketing, R&D and product development. VMI enables data delivery in interactive Excel and PDF formats with over 15+ key market indicators for your market.

About Us

Verified Market Research is a leading global research and advisory firm serving more than 5,000 clients. Verified Market Research provides advanced analytical research solutions while delivering insightful research studies. We provide insight into strategic and growth analyzes, the data needed to achieve business goals, and critical revenue decisions.

Our 250 analysts and SMEs offer a high level of expertise in data collection and governance using industry techniques to collect and analyze data on more than 15,000 high impact and niche markets. Our analysts are trained to combine modern data collection techniques, superior research methodology, expertise and years of collective experience to produce informative and accurate research.

We study over 14 categories of Semiconductors & Electronics, Chemicals, Advanced Materials, Aerospace & Defense, Power & Energy, Healthcare, Pharmaceuticals , automotive and transport, information and communication technology, software and services, information security, mining, minerals and metals, building & construction, agricultural industry and medical devices from more than 100 countries.

Contact us

Sir. Edwyne Fernandes
Verified Market Research®
United States: +1 (650) -781-480
UK: +44 (753) -715-0008
APAC: +61 (488) -85-9400
US Toll Free: +1 (800) -782-1768
E-mail: [email protected]
Follow us: LinkedIn | Twitter

SOURCE Verified market research

Source link


About Author

Leave A Reply