Satellite Internet Market: Global Industry Analysis And Forecast(2022-2029)

Satellite Internet Market was valued at USD 71.6 Billion in 2021, and it is expected to reach USD 147.99 Billion by 2029, exhibiting a CAGR of 9.5 % during the forecast period (2022-2029)

Satellite Internet Market Overview:

The Global Satellite Internet Market is segmented by Component, Application, and Vertical. Based on Component, the market is segmented into Equipment (Satcom Transmitter/Transponder, Satcom Antenna, Satcom Transceiver, Satcom Receiver, Satcom Modem/Router, Others), and Services. Based on application, the market is segmented into Asset Tracking/Monitoring, Airtime (M2M, Voice, Data), Drones Connectivity, Data Backup and Recovery, Navigation and Monitoring, Tele-medicine, Broadcasting, and Others. Based on Vertical, the market is segmented into Energy & Utility, Government & Defence (Government, Emergency Responders, Defence), Transport & Cargo (Fleet Management, Rail Services), Maritime, Mining and Oil & Gas (Oil & Gas, Mining), Agriculture, Communication Companies, Corporates/Enterprise, Media & Broadcasting, and Others. Based on region, the market is segmented into North America, Asia Pacific, Europe, Middle East & Africa, and South America. Satellite Internet Market To know about the Research Methodology :- Request Free Sample Report The market is expanding as a result of the rising demand for mobile satellite services and small satellites for earth observation services in the energy, oil & gas, defence, and agricultural sectors. The current communication infrastructure now includes an artificial satellite in a network, which is known as satellite communication (Satcom). The market is expected to develop as a result of this. The growth of the use of satellite services by police, fire, and other agencies in numerous emerging countries, as well as improvements in global communication technology, are the main drivers influencing the growth of the global satellite internet market trends. Additionally, the expansion of government initiatives to embrace satellite broadband communications services has a favourable effect on the market for satellite internet. However, satellite internet's expensive implementation and maintenance costs restrain the market's growth. On the other hand, it is expected that increased use of artificial intelligence (AI), machine learning (ML), and cloud computing in the space industry, as well as satellite broadband adoption in smart cities and connected cars for enhancing public safety, will present profitable market opportunities. COVID-19 Impact on Satellite Internet Market: The COVID-19 has led to increased adoption of satellite internet among government and healthcare institutions for instant and fast communication during this health crisis. The development of COVID-19 is expected to benefit the expansion of the satellite internet sector. Due to the increased need for a variety of voice, data, and broadcast communications solutions for enterprises, government clients, and consumers around the world, investment on the satellite internet sector is expected to increase in comparison to the spending scheduled before this pandemic. Governments and businesses are also working together on a variety of measures to help the community and workers during the pandemic. For instance, international space organisations like NASA are also utilising satellite technology to demonstrate the global effects brought on by COVID-19.

Satellite Internet Market Dynamics

Increasing demand for satellite internet in military: For military operations carried out in remote areas with insufficient and unstable communications infrastructure, satellite communication services offer secure bandwidth capacity. In the upcoming years, it is expected that the income from Fixed Satellite Services (FSS) utilised in government and military applications would increase significantly. Governments all around the world are integrating commercial satellite technology into their military communication networks. This is a result of the government's increased efforts to meet the growing communication needs for a variety of applications, such as Airborne Intelligence, Surveillance, and Reconnaissance (AISR) and Communications on the Move (COTM) (COTM). These services need omnipresent and reliable coverage, which satellite services excel at providing. The Union of Concerned Scientists (UCS) has counted 6,542 artificial satellites circling the planet as of January 2021, 3,372 of which are operational spacecraft. Image, audio, and video data in the form of analogue and digital signals are transmitted across several nodes in a network by artificial satellites. The Satcom business has changed as a result of the growth of mobile satellites, low-Earth orbit (LEO), and the spread of reusable rocket vehicles for commercial, military, and aerospace uses. Military applications for satellite communication demand higher security standards than conventional uses. Military Satcom providers have therefore had to improve their offerings to suit the constantly expanding demands of the military and defence industries in the area of satellite communications capabilities, which include bandwidth frequency, global broadcast service, and personal communication service. Satcom in Businesses and Enterprises: Businesses and enterprises make extensive use of Satcom services to gather operational data, boost productivity, and implement sustainable business practises. For duties like real-time asset and facility monitoring at unmanned sites and offshore platforms, businesses operating from remote places predominantly rely on Satcom solutions. Businesses choose to integrating mobile satellite services into their locations since installing terrestrial networks in these outlying facilities is expensive. Additionally, the adoption of cutting-edge technologies like AI and IoT has hinted to the rise of intelligent transportation systems (ITS). Real-time vehicle tracking made possible by ITS allows users and freight operators to share and receive information quickly. Satcom effectively eliminates the need for terrestrial networks in transportation by enabling continuous and seamless data transfer between the vehicle and the transport hub. As a result, the satellite communication industry will have future development prospects as a result of the use of satellites in the transportation and logistics network. Rise in need for satellite internet in rural areas: Due to the lack of any other internet access options, demand for satellite internet has increased in rural regions. Additionally, satellite internet may give access to the internet in remote locations like the desert and hilly regions where it is difficult to access the internet, which increases the demand for satellite internet in these regions. Additionally, satellite provides some of the best internet speeds for remote places. Additionally, satellite internet technology has advanced to provide customers greater speed and data, therefore emerging countries in various LAMEA and Asian countries are quickly embracing this service, which is accelerating the market's growth. Moreover, unlike the enormous one’s people used 40 years ago; current satellite internet service only needs a tiny satellite dish that fits neatly on the user's property. Additionally, it makes it easier for residents in remote locations to stay connected to the outside world because it is highly expensive for telecommunications providers to offer services there. These elements fuel the growth of the satellite internet market in rural areas.   5G network advancement in satellite internet: Moreover, satellite internet technology has developed to provide users more speed and data; as a result, growing nations in various LAMEA and Asian countries are embracing this service swiftly, boosting the market's growth. Furthermore, the contemporary satellite internet service only requires a modest satellite dish that fits neatly on the user's property, unlike the large ones people used 40 years ago. Additionally, since it is very expensive for telecommunications carriers to deliver services there, it makes it simpler for inhabitants of isolated areas to remain linked to the outside world. These factors support the growth of the satellite internet industry in rural areas. Cellular 5G networks will soon be able to operate in all three dimensions—land, air, and sea—thanks to LEO satellite broadband. This will maximise the use of IoT sensors and enable distant work locations, technology farming, and internet access in mines, all of which are expected to be made possible by the development of satellite internet. High-quality services and network resiliency should improve user experience thanks to integrated satellite and 5G infrastructure. Additionally, as media content is the most popular, demand for high-speed and low-latency streaming is probably going to rise as device proliferation continues to rise.   Increase in space debris: According to the Kessler syndrome of 1978, when LEO's object density rises, a series of collisions will lead to the accumulation of so much space debris that LEO would be rendered uninhabitable for many generations. Thus, many worry that the deployment of thousands of satellites in LEO would clog up space and pose a hazard. For instance, the European Space Agency manoeuvred its satellite to avoid a collision with a Starlink satellite on September 2, 2019. Several government organisations are eager to set clear rules for how to conduct themselves in this sector in order to assure safety. They are all developing methods for de-orbiting satellites once their service is complete. According to Starlink, their satellites are made in a way that will cause them to spontaneously burn up once they hit Earth's orbit after their useful lives are finished.

Satellite Internet Market Segment Analysis

Component: Over the forecast period, the equipment segment, which had sales of USD 28.9 billion in 2021, is estimated to rise significantly. The energy & utilities, agricultural, oil & gas, and military industries, as well as increased need for uninterruptible communication, together with an expanding fleet of autonomous, connected cars, are expected to drive the segment's growth. The Satcom transmitter/transponder, modem/router, antenna, transceiver, receiver, and others categories are further broken down into the component section. The Satcom transceiver is predicted to see the highest growth of these, with a CAGR of 11.3 % over the forecast period. The market for Satcom transceivers has expanded as a result of rising demand for transcontinental coverage across networks. The major uses for the satcom device are weather monitoring, military surveillance, navigation, and communications. During battles, the technology collects real-time data to, among other things, track movements, identify targets, and find hidden passageways. Over the forecast period, increasing demand for high throughput satellite services and the spread of cloud-based services in ground mobility platforms will support the growth of the satcom equipment market. Application: In 2021, the market was led by the media & broadcasting category, which had a revenue share of about 14.8 %. The category has grown as a result of factors including the extensive use of satellites for broadcasting and continuous remote coverage. Government (civil usage), emergency responders, and defence are further divided under the government & defence division. With a market share of 41.9 % in 2021, the defence category led all others in the government & defence sector. The military and defence forces have adopted satcom services widely, allowing them to deploy and increase communication across a variety of military and defence assets, including fighter jets. Satellite communication systems have expanded as a result of the increased use of unmanned aircraft systems and their numerous uses in both military and non-military settings. The retrieval of pictures and data gathered by the onboard systems during operations, such as Beyond the Line of Sight (BLOS), requires continuous contact between the aircraft and the ground-based pilot. As a result of the development in applications and demands for constant, uninterrupted communication, this has boosted the expansion of satellites across the aerospace and military sector.   Vertical: The category with the highest revenue share in 2021 i.e., more than 22% was broadcasting. Over the forecast period, it is expected to expand at a noteworthy CAGR of over 10%. The increase in demand for satellite communications for pay-tv and radio applications has had an impact on the broadcasting sector's expansion. Satcoms can provide flawless connection in remote and distant locations, but the rising popularity of over-the-top (OTT) services may limit the market's expansion over the next years. Due to the development of network coverage and shifting societal lifestyles, internet services have become more widely used during the past few decades. This has raised the demand for content distribution via the internet among broadcasting service providers, which has raised gen-use x's of OTT services. Applications in agriculture and public safety can use satellite communications to convey data with the aid of navigational and observational satellites. The airtime category is thus expected to have the strongest increase during the ensuing years. Small Satellite Internet Market

Satellite Internet Market Regional Insights

With more than 32.0 % of global sales, North America dominated the market in 2021. This is explained by the military's and defence industry's rising need for constant contact, which led to the U.S. defence department's widespread deployment of satellite communication technology. Additionally, other satellite communication service providers, like Telesat, Viasat, Inc., and EchoStar Corporation, support market expansion. Additionally, during the next several years, it is predicted that the regional market would grow considerably as a result of the improvement of military communication infrastructure. Asia Pacific is estimated to witness a significant CAGR during the forecast period. Countries like China and Japan are significantly responsible for the contribution and growth of this area. The rise of the regional market over the expected period is attributable to the rising use of satellite antennas in the communications, IT, aerospace, and automotive industries. Because of the modernisation of its infrastructure and the increase in travellers engaging in marine and coastal tourism, Europe is expected to expand at the second-fastest rate. The proliferation of 5G installations across the country has also boosted the demand for Low Earth Orbit (LEO) satellites to offer backhaul networks for remote or inaccessible locations. LEO spacecraft offer lower latency in Satcom in addition to the technical advancements in geostationary (GEO) satellites that enable high bandwidth and improved endurance.

Satellite Internet Market Scope: Inquire before buying

Global Satellite Internet Market
Report Coverage Details
Base Year: 2021 Forecast Period: 2022-2029
Historical Data: 2017 to 2021 Market Size in 2021: US 71.6 Bn.
Forecast Period 2022 to 2029 CAGR: 9.5 % Market Size in 2029: US 147.99 Bn.
Segments Covered: by Component • Equipment o Satcom Transmitter/Transponder o Satcom Antenna o Satcom Transceiver o Satcom Receiver o Satcom Modem/Router o Others • Services
by Application • Asset Tracking/Monitoring • Airtime o M2M o Voice o Data • Drones Connectivity • Data Backup and Recovery • Navigation and Monitoring • Tele-medicine • Broadcasting • Others
by Vertical • Energy & Utility • Government & Defense o Government (Civil Uses) o Emergency Responders o Defense • Transport & Cargo o Fleet Management o Rail services • Maritime • Mining And Oil & Gas o Oil & Gas o Mining • Agriculture • Communication Companies • Corporates/Enterprises • Media & Broadcasting • Others

Satellite Internet Market by Region

• North America • Europe • Asia Pacific • The Middle East and Africa • South America

Satellite Internet Market Key Players

• SES S.A • Viasat, Inc. • Intelsat • Telesat • EchoStar Corporation • L3 Technologies, Inc. • Thuraya Telecommunications Company • SKY Perfect JSAT Group • GILAT SATELLITE NETWORKS • Cobham Limited • Embratel • Eutelsat Communications SA • Freedomsat • Hughes Network Systems, LLC • OneWeb • Singtel • Skycasters • SpaceX • Wireless Innovations, Ltd Frequently Asked Questions: 1] What segments are covered in the Global Satellite Internet Market report? Ans. The segments covered in the Satellite Internet Market report are based on Satellite Type, Component, Application, End-Users and Frequency. 2] Which region is expected to hold the highest share in the Global Satellite Internet Market? Ans. The North America region is expected to hold the highest share in the Satellite Internet Market. 3] What is the market size of the Global Satellite Internet Market by 2029? Ans. The market size of the Satellite Internet Market by 2029 is expected to reach USD 147.99 Bn. 4] What is the forecast period for the Global Satellite Internet Market? Ans. The forecast period for the Satellite Internet Market is 2021-2029. 5] What was the market size of the Global Satellite Internet Market in 2021? Ans. The market size of the Satellite Internet Market in 2021 was valued at USD 71.6 Bn.
1. Global Satellite Internet Market Size: Research Methodology 2. Global Satellite Internet Market Size: Executive Summary 2.1. Market Overview and Definitions 2.1.1. Introduction to Global Satellite Internet Market Size 2.2. Summary 2.2.1. Key Findings 2.2.2. Recommendations for Investors 2.2.3. Recommendations for Market Leaders 2.2.4. Recommendations for New Market Entry 3. Global Satellite Internet Market Size: Competitive Analysis 3.1. MMR Competition Matrix 3.1.1. Market Structure by region 3.1.2. Competitive Benchmarking of Key Players 3.2. Consolidation in the Market 3.2.1 M&A by region 3.3. Key Developments by Companies 3.4. Market Drivers 3.5. Market Restraints 3.6. Market Opportunities 3.7. Market Challenges 3.8. Market Dynamics 3.9. PORTERS Five Forces Analysis 3.10. PESTLE 3.11. Regulatory Landscape by region • North America • Europe • Asia Pacific • The Middle East and Africa • South America 3.12. COVID-19 Impact 4. Global Satellite Internet Market Size Segmentation 4.1. Global Satellite Internet Market Size, by Component (2021-2029) • Equipment o Satcom Transmitter/Transponder o Satcom Antenna o Satcom Transceiver o Satcom Receiver o Satcom Modem/Router o Others • Services 4.2. Global Satellite Internet Market Size, by Application (2021-2029) • Asset Tracking/Monitoring • Airtime o M2M o Voice o Data • Drones Connectivity • Data Backup and Recovery • Navigation and Monitoring • Tele-medicine • Broadcasting • Others 4.3. Global Satellite Internet Market Size, by Vertical (2021-2029) • Energy & Utility • Government & Defense o Government (Civil Uses) o Emergency Responders o Defense • Transport & Cargo o Fleet Management o Rail services • Maritime • Mining And Oil & Gas o Oil & Gas o Mining • Agriculture • Communication Companies • Corporates/Enterprises • Media & Broadcasting • Others 5. North America Satellite Internet Market (2021-2029) 5.1. North America Satellite Internet Market Size, by Component (2021-2029) • Equipment o Satcom Transmitter/Transponder o Satcom Antenna o Satcom Transceiver o Satcom Receiver o Satcom Modem/Router o Others • Services 5.2. North America Satellite Internet Market Size, by Application (2021-2029) • Asset Tracking/Monitoring • Airtime o M2M o Voice o Data • Drones Connectivity • Data Backup and Recovery • Navigation and Monitoring • Tele-medicine • Broadcasting • Others 5.3. North America Satellite Internet Market Size, by Vertical (2021-2029) • Energy & Utility • Government & Defense o Government (Civil Uses) o Emergency Responders o Defense • Transport & Cargo o Fleet Management o Rail services • Maritime • Mining And Oil & Gas o Oil & Gas o Mining • Agriculture • Communication Companies • Corporates/Enterprises • Media & Broadcasting • Others 5.4. North America Satellite Internet Market, by Country (2021-2029) • United States • Canada 6. European Satellite Internet Market (2021-2029) 6.1. European Satellite Internet Market, by Component (2021-2029) 6.2. European Satellite Internet Market, by Application (2021-2029) 6.3. European Satellite Internet Market, by Vertical (2021-2029) 6.4. European Satellite Internet Market, by Country (2021-2029) • UK • France • Germany • Italy • Spain • Sweden • Austria • Rest Of Europe 7. Asia Pacific Satellite Internet Market (2021-2029) 7.1. Asia Pacific Satellite Internet Market, by Component (2021-2029) 7.2. Asia Pacific Satellite Internet Market, by Application (2021-2029) 7.3. Asia Pacific Satellite Internet Market, by Vertical (2021-2029) 7.4. Asia Pacific Satellite Internet Market, by Country (2021-2029) • China • India • Japan • South Korea • Australia • ASEAN • Rest Of APAC 8. Middle East and Africa Satellite Internet Market (2020-2029) 8.1. Middle East and Africa Satellite Internet Market, by Component (2021-2029) 8.2. Middle East and Africa Satellite Internet Market, by Application (2021-2029) 8.3. Middle East and Africa Satellite Internet Market, by Vertical (2021-2029) 8.4. Middle East and Africa Satellite Internet Market, by Country (2021-2029) • South Africa • GCC • Egypt • Nigeria • Rest Of ME&A 9. South America Satellite Internet Market (2020-2029) 9.1. South America Satellite Internet Market, by Component (2021-2029) 9.2. South America Satellite Internet Market, by Application (2021-2029) 9.3. South America Satellite Internet Market, by Vertical (2021-2029) 9.4. South America Satellite Internet Market, by Country (2021-2029) • Brazil • Mexico • Argentina • Rest Of South America 10. Company Profile: Key players 10.1. SES S.A 10.1.1. Company Overview 10.1.2. Financial Overview 10.1.3. Global Presence 10.1.4. Capacity Portfolio 10.1.5. Business Strategy 10.1.6. Recent Developments 10.2. Viasat, Inc. 10.3. Intelsat 10.4. Telesat 10.5. EchoStar Corporation 10.6. L3 Technologies, Inc. 10.7. Thuraya Telecommunications Company 10.8. SKY Perfect JSAT Group 10.9. GILAT SATELLITE NETWORKS 10.10. Cobham Limited 10.11. Embratel 10.12. Eutelsat Communications SA 10.13. Freedomsat 10.14. Hughes Network Systems, LLC 10.15. OneWeb 10.16. Singtel 10.17. Skycasters 10.18. SpaceX 10.19. Wireless Innovations, Ltd

About This Report

Report ID 125907
Category Information Technology & Telecommunication
Published Date July 2022
Updated Date
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