Portland, OR, August 23, 2021 (GLOBE NEWSWIRE) – According to the report published by Allied Market Research, the broadband satellite communication in the public safety market generated $ 1.36 billion in 2020 and is expected to reach $ 10.76 billion by 2030, with a CAGR of 23.1% from 2021 to 2030. The report provides a comprehensive analysis of the changing dynamics market, major segments, value chain, key investment pockets, regional scenario, and competitive landscape.
The increase in the adoption of satellite services in police, fire and other departments in various developing countries, supporting government initiatives and the rise of communication technologies are driving the growth of global communication to satellite broadband in the public safety market. However, the high costs of implementation and maintenance are hampering the growth of the market. On the other hand, the increasing adoption of artificial intelligence (AI), machine learning (ML) and cloud computing in the space sector and the implementation of satellite broadband in cities smart cars and connected cars to improve public safety present new opportunities in the years to come. .
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- There has been an increase in the adoption of satellite Internet services among governments and emergency response centers in developing countries to improve public safety.
- Governments around the world have invested in satellite broadband technology to deliver broadband services to every corner of countries and become self-reliant on advanced technologies during the pandemic. This helps to track the spread of the virus and to raise awareness.
Get a detailed analysis of the impact of COVID-19 on the public safety satellite broadband communications market:
The report offers detailed segmentation of global broadband satellite communication in the public safety market on the basis of frequency band, end-user, application, and region.
On a frequency band basis, the C-band segment accounted for the highest share in 2020, contributing nearly two-fifths of the total share, and is expected to maintain its leading position during the forecast period. Moreover, this segment is expected to show the highest CAGR of 24.2% from 2021 to 2030. The report also analyzes the segments comprising X-band, L-band, S-band and others.
On an end-user basis, the law enforcement and first responder segment contributed the highest share in 2020, accounting for nearly three-fifths of the global broadband satellite communications market on the public security market, and is expected to maintain its leading status during the forecast period. . However, the segment of public health organizations is expected to experience the highest CAGR of 26.0% from 2021 to 2030.
Based on region, North America held the highest share in 2020, contributing about two-fifths of the total share, and is expected to retain its dominant share by 2030. However, Asia-Pacific is expected to register the fastest CAGR of 25.1% during the forecast period.
Major Global Satellite Broadband Communications Market Players Analyzed In The Research Include Gilat Satellite Network, Inmarsat Global Limited, Hughes Network Systems, LLC, Ligado Networks, Iridium Communications, Inc., Skycasters, Singtel , ST Engineering Idirect, Inc., Speedcast and Viasat, Inc.
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Allied Market Research (AMR) is a full-service market research and business consulting division of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global businesses as well as medium and small businesses with unmatched quality of âmarket research reportsâ and âbusiness intelligence solutionsâ. AMR has a focused vision to provide business information and advice to help its clients make strategic business decisions and achieve sustainable growth in their respective market area.
Pawan Kumar, CEO of Allied Market Research, leads the organization towards providing high quality data and information. We have professional relationships with various companies, which helps us extract market data which helps us generate accurate research data tables and confirm the highest accuracy in our market forecast. Each of the data presented in the reports we publish is extracted through primary interviews with senior officials of the main companies in the field concerned. Our secondary data sourcing methodology includes in-depth online and offline research and discussions with industry-savvy professionals and analysts.