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.
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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
- 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
- Rest of Europe
- Asia Pacific
- Rest of Asia Pacific
- Middle East & Africa
- Latin America
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