Commercial Satellite Broadband Market – Global Industry Analysis and Forecast (2023-2029)

Commercial Satellite Broadband Market is expected to grow at a CAGR of 10.23% during the forecast period and market is expected to reach US$ 9.05 Bn. by 2029.

The report study has analyzed the revenue impact of COVID-19 pandemic on the sales revenue of market leaders, market followers, and market disrupters in the report, and the same is reflected in our analysis.To know about the Research Methodology :- Request Free Sample Report
Commercial Satellite Broadband Market Definition
Commercial satellite broadband is internet connectivity delivered through geostationary or low-earth-orbit (LEO) satellites, with much higher data rates for commercial applications. It is also known as internet-by-satellite and satellite internet access.
Commercial Satellite Broadband Market Dynamics
Increasing the adoption of commercial satellite broadband systems in rural areas across the globe to gain fast internet connectivity is a major driving factor behind the growth of the market. Increasing requirement for high-speed internet connection and growing competition among worldwide satellite broadband providers to provide high-speed internet access is creating various opportunities for new business models and services. Rising investment by the leading market players, an increasing market for telecommunication industry, growing necessity of internet, and rising launches of low orbit satellites by satellite broadband companies are expected to improve the growth of the period during the forecast period. Commercial satellite broadband provides some benefits such as high-speed access, instant installation and deployment, and global coverage, which are ultimately propelling the growth of the period.

However, signal latency, high installation cost, and harsh weather conditions are some of the major restraining factors that could hamper the growth of the period.
Segment Analysis
By component, the satellite segment dominated the market in 2022 and is projected to witness fast growth at CAGR of xx% during the forecast period. Commercial satellite is low earth orbiting object which revolves around the earth and covers major footprints such as satellite navigation, commercial satellite imagery, and satellite television. Growing mass production of satellites and rising competition among satellite manufacturing companies to provide cost-effective satellites is attributed to the growth of the period. For instance, from 2021, OneWeb Satellites, a joint venture between OneWeb and Airbus, is producing two satellites per day. Furthermore, in 2021, OneWeb gained the approval from FCC to deploy 720 satellites using Ka- and Ku- band frequencies. For this, the company has raised above US$ 3Bn investment. In March 2021, SpaceX gained FCC approval to launch 4,425 satellites using Ku- and Ka-band.

According to research, MMR expected that there will be approximately 700 satellites will be in geostationary or in low-earth orbit (LEO) by the end of 2022, to provide global broadband internet. Various leading companies across the globe from the US, China, Canada, Russia, and Europe are continuously working to stay on the top in the global commercial satellite broadband market. Also, various satellite broadband companies are promoting their ability to bring broadband internet to the areas where no internet service or poor internet service is available. Moreover, global satellite players such as Amazon, SpaceX, Hughes, Telesat, Viasat and Inmarsat are the urging government of India to allow 100% foreign direct investment (FDI) to play the most important role in satellite broadband proliferation.
Regional Insights
Region-wise, North America dominated the market in 2022 and is expected to maintain its dominance at CAGR of xx% during the forecast period. The US and Canada are major contributors to the growth of the period in the region. The growth is attributed to the massive presence of leading commercial satellite broadband providers across countries like the US and Canada.

Increasing investments by these companies to provide high-speed internet access to rural areas is further improving the growth of the period in the NA region. Increasing technological advancements in internet technology and rising initiatives by the US government in the field of broadband satellite field is driving the growth of the period.

The objective of the report is to present a comprehensive analysis of the Global Commercial Satellite Broadband Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers, and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.

The report also helps in understanding Global Commercial Satellite Broadband Market dynamics, structure by analyzing the market segments and projects the Global market. Clear representation of competitive analysis of key players by Application, price, financial position, Product portfolio, growth strategies, and regional presence in the Global Commercial Satellite Broadband Market make the report investor’s guide.
Commercial Satellite Broadband Market Scope: Inquire before buying



Commercial Satellite Broadband Market


Report Coverage
Details


Base Year:
2022
Forecast Period:
2023-2029


Historical Data:
2018 to 2022
Market Size in 2022:
US $ 4.57 Bn.


Forecast Period 2023 to 2029 CAGR:
10.23%
Market Size in 2029:
US $ 9.05 Bn.


 Segments Covered:
by Component
Satellite
Gateway
Modem
Network Operations Centre


by Frequency Band
Ku
C
Ka


by End User
Civil Defence
Enterprise
Education
Hospitals
Government Agencies
Public Safety
Others


by Band Type
C-Band
X-Band
L-Band
K-Band
Others



Commercial Satellite Broadband Market, by Region
North America (United States, Canada and Mexico)
Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe)
Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC)
Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
South America (Brazil, Argentina Rest of South America)
Commercial Satellite Broadband Market, Key Players are:
1. Hughes Communications, Inc
2. ViaSat Inc
3. Eutelsat S.A
4. Thaicom Public Company Limited
5. EarthLink Holding Corp
6. Dish Network LLC
7. Avonline Satellite Solutions Ltd
8. Speedcast International Limited
9. Skycasters LLC
10.Inmarsat PLC
11.Iridium Communications Inc
12.Globalstar, Inc
13.EchoStar
14.Bigblu Broadband
15.Astranis
16.OneWeb
17.Airbus
18.SpaceX
19.Amazon
20.Telesat
21.LeoSat
22.Keplar

Frequently Asked Questions:

1. Which region has the largest share in Global Commercial Satellite Broadband Market?
Ans: North America region held the highest share in 2022.

2. What is the growth rate of Global Commercial Satellite Broadband Market?
Ans: The Global Commercial Satellite Broadband Market is growing at a CAGR of 10.23% during forecasting period 2023-2029.

3. What is scope of the Global Commercial Satellite Broadband Market report?
Ans: Global Commercial Satellite Broadband Market report helps with the PESTEL, PORTER, COVID-19 Impact analysis, Recommendations for Investors & Leaders, and market estimation of the forecast period.

4. Who are the key players in Global Commercial Satellite Broadband Market?
Ans: The important key players in the Global Commercial Satellite Broadband Market are – Hughes Communications, Inc, ViaSat Inc, Eutelsat S.A, Thaicom Public Company Limited, EarthLink Holding Corp, Dish Network LLC, Avonline Satellite Solutions Ltd, Speedcast International Limited, Skycasters LLC, Inmarsat PLC, Iridium Communications Inc, Globalstar, Inc, EchoStar, Bigblu Broadband, Astranis, OneWeb, Airbus, and SpaceX

5. What is the study period of this Market?
Ans: The Global Commercial Satellite Broadband Market is studied from 2022 to 2029.