The growing demand for IoT in the aviation industry for numerous functions including aircraft connectivity, airlines, air traffic control, and MRO management is expected to foster the market growth of Satellite Communication Market during the forecast period.
JERSEY CITY, N.J., Oct. 6, 2021 /PRNewswire/ -- Verified Market Research recently published a report, "Satellite Communication 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, Land Mobile SATCOM Equipment, Maritime SATCOM Equipment), and By Geography. According to Verified Market Research, the Global Satellite Communication Market size was valued at USD 65.68 Billion in 2020 and is projected to reach USD 131.68 Billion by 2028, growing at a CAGR of 9.10% from 2021 to 2028.
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Browse in-depth TOC on "Satellite Communication Market"
202 - Pages
126 - Tables
37 - Figures
Global Satellite Communication Market Overview
The use of Satellite Communication is extensively in television, telephone, radio, internet, and military applications. A large range of radio and microwave frequencies are used for Satellite Communication. The purpose of communications satellites is to relay the signal across the curve of the Earth allowing communication among broadly separated geographical points. It covers a wide area of the earth subsequently whole country or location may be covered with simply one satellite.
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 permit customers to track cars or motors and permit freight operators to share and receive information promptly. Using satellite communication for transportation will permit seamless and non-stop transmission of data among the vehicle and the transport hub, filling the gaps of the terrestrial networks. Therefore, the usage of satellites for communication in transport networks, which includes logistics, will provide adequate growth opportunities for the market.
Key Developments in Satellite Communication Market
- In March 2021, SKY Perfect JSAT signs contract with Airbus to build Superbird-9 telecommunications satellite.
- In August 2020, Intelsat successfully launched of Galaxy 30, a satellite that will provide Intelsat Media customers in North America with high-performance broadcast distribution capabilities.
The major players in the market are EchoStar Corporation, SKY Perfect JSAT Group, L3 Technologies, Inc., SES S.A, Telesat, Intelsat, Viasat, Inc., Gilat Satellite Networks, and Thuraya Telecommunications Company.
Verified Market Research has segmented the Global Satellite Communication Market On the basis of Product, Vertical, End-User, and Geography.
- Satellite Communication Market, By Product
- SATCOM Transponder
- SATCOM Transceiver
- SATCOM Antenna
- SATCOM Modern
- SATCOM Receiver
- Satellite Communication Market, By Vertical
- Government and Military Applications
- Civil Satellite Communications
- Commercial Application
- Others
- Satellite Communication Market, By End-User
- Portable SATCOM Equipment
- Land Mobile SATCOM Equipment
- Maritime SATCOM Equipment
- Airborne SATCOM Equipment
- Land Fixed SATCOM Equipment
- Satellite Communication Market by Geography
- North America
- U.S
- Canada
- Mexico
- Europe
- Germany
- France
- U.K
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- Rest of Asia Pacific
- ROW
- Middle East & Africa
- Latin America
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