Satellite Internet Market: Global Industry Analysis and Forecast 2021-2027: by Frequency Band, Bandwidth, Orbit, End User and Region.

Satellite Internet Market is anticipated to reach US$ 8.97 Bn. by 2027 from US$ 2.93 Bn. in 2020 at a CAGR of 20.5 % during a forecast period. Over the last twenty years, the internet has evolved from a utility to a convenience and a need, owing largely to the smartphone revolution. Despite the fact that smartphone prevalence topped 48% in 2020, only urban customers have access to the internet. In metropolitan regions, 72 percent of households have internet connectivity, however in rural areas, this number is almost half, with just 2.93 percent of households having access to this technology. Satellite internet technology, like existing satellite TV, is a technique of accessing internet in which broadband is broadcast wirelessly from space via satellites. Due to cost constraints, this technology is now only deployed in regions where it is financially viable, and places where high-capacity networks and last-mile networks are separated by a significant distance. In some circumstances, satellite internet can be used to access the internet instead of expensive fibre optic cable construction due to geopolitical complication. Satellite Internet Market To know about the Research Methodology :- Request Free Sample Report In report, 2020 is considered a base year however 2020’s numbers are on the real output of the companies in the market. Special attention is given to 2020 and the effect of lockdown on the demand and supply, and also the impact of lockdown for the next two years on the market. Some companies have done well in lockdown also and specific strategic analysis of those companies is done in the report.

Satellite Internet Market Dynamics

The rise in usage of satellite services in police, fire, and other departments of various developing countries, as well as advancements in communication technology throughout the world, are the primary reasons driving the global satellite internet market. In addition, the market is expected to rise due to an increase in government measures to promote the penetration of upgraded satellite internet services in order to establish a digital country and improve public safety and security. Similarly, several governments are spending extensively on satellite broadband networks in order to provide broadband services to rural people in developing countries, boosting the market's growth. Growing demand for satellite internet in rural areas There has been an increase in demand for satellite internet because no other means of internet is available in rural regions. Furthermore, satellite internet can reach every part of the globe, from mountainous places to deserts, where internet access is difficult to come by, increasing demand for satellite internet in these locations. Furthermore, satellite provides some of the fastest internet available in remote locations. Furthermore, satellite internet technology has advanced to give customers with greater speed and data; as a result, developing countries in LAMEA and Asia are rapidly embracing this service, fuelling the market's growth. Secondly, unlike the massive satellite dishes that people used 40 years ago, current satellite internet service only requires a tiny satellite dish that fits neatly on the user's property. Furthermore, it enables individuals in remote regions to connect to the rest of the world, as providing services in rural or difficult-to-reach places is quite expensive for telecommunication providers. These reasons are fuelling the growth of the satellite internet market in rural regions. Opportunities: Satellite internet is becoming more popular, and it is expected to take over the whole satellite market. Demand for GEO HTS bandwidth for business data and occasional-use television applications is expected to reach almost 400 Gbps and 800 Gbps, respectively during the forecast period. Similarly, LEO and MEO satellites are estimated to account for half of the high-throughput satellite communication market. Furthermore, community Wi-Fi models from companies like Hughes Internet might be a cost-effective alternative to existing high-cost satellite broadband. This can reach a greater number of prospective clients with data- or time-bound services. The market is likely to provide more opportunities due to the rising usage of artificial intelligence, machine learning, cloud computing in the space industry, and use of satellite broadband in smart cities. Restraints: high implementation and maintenance cost of satellite internet is expected to hamper the growth of the market during the forecast period.

Satellite Internet Market Segmentation Analysis

By Frequency Band, the C-band segment held the largest market share of xx% in 2020, due to increased acceptance of C-band satellite internet services among end users due to high-speed internet connectivity offered by the C-band satellite. The K-band segment, on the other hand, is expected to grow at the fastest pace during the forecast period, owing to the growing use of K-band in maritime and other rescue operations due to its capacity to find and track a specific target, which is driving market growth in this segment. It also supplies communication antenna systems, which assist rescue personnel in providing email and internet access to operations. By End User, The commercial user segment held the largest market share of xx% in 2020, accounting for about three-quarters of the worldwide satellite internet market, and is expected to maintain this position throughout the forecast period. However, the individual segment is expected to grow at the fastest rate of xx% percent during the forecast period. Satellite Internet Market

Satellite Internet Market Regional Insight

North America held the largest market share of xx% in 2020, accounting for about two-fifths of the total market share, and is expected to retain its revenue dominance by 2027. Due to infrastructure upgrading and increased passenger traffic in marine and coastal tourism, Europe is expected to grow at the second-fastest rate during the forecast period. During the forecast period, Asia-Pacific is expected to grow at a CAGR of 22.4 percent. Countries like China and Japan are important contributors to the regional market's growth. The growth of the market in the region is attributed to the increased usage of satellite antennas in the telecommunications, IT, aerospace, and car sectors. Satellite Internet Market

Report Objectives:

• Landscape analysis of the Satellite Internet Market • competitive benchmarking • Past and current status of the industry with the forecasted market size and trends • Evaluation of potential key players that include market leaders, followers, and new entrants • Technology trends • Potential impact of micro-economic factors of the market • External and Internal factors affecting market have been analyzed The report also helps in understanding the Satellite Internet Market dynamics, structure by analyzing the market segments and project the Satellite Internet Market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the Satellite Internet Market make the report investor’s guide.

Satellite Internet Market Scope: Inquire before buying

Satellite Internet Market

Satellite Internet Market by Region

• North America • Asia pacific • Europe • Middle East and Africa • South America

Satellite Internet Market: Key Players

Embratel • Eutelsat Communications SA • Freedomsat • Hughes Network Systems, LLC • OneWeb • Singtel • Skycasters • SpaceX • Viasat, Inc. • Wireless Innovations, Ltd • SpaceX Starlink • HughesNet • Kuiper Satellite Systems • LeoSat

Frequently Asked Questions

1. What is the projected market size & growth rate of Satellite Internet Market? Ans- Satellite Internet Market was valued at USD 2.93 billion in 2020 and is projected to reach USD 8.97 billion by 2027, growing at a CAGR of 20.5 % during the forecast period. 2. What are the key driving factors for the growth of Satellite Internet Market? Ans- The rise in usage of satellite services in police, fire, and other departments of various developing countries, as well as advancements in communication technology throughout the world, are the primary reasons driving the global satellite internet market. 3.Which Regions accounted for the largest Satellite Internet Market share? Ans- North America had the biggest market share in 2020, accounting for about two-fifths of the total market share, and is expected to retain its revenue dominance by 2027. 4. What makes Europe a Lucrative Market for Satellite Internet Market? Ans- Due to infrastructure upgrading and increased passenger traffic in marine and coastal tourism, Europe is expected to grow at the second-fastest rate during the forecast period. 5. What are the top players operating in Satellite Internet Market? Ans- Embratel, Eutelsat Communications SA, Freedomsat, Hughes Network Systems, LLC, OneWeb, Singtel, and Skycasters.
1. Global Satellite Internet Market: Research Methodology 2. Global Satellite Internet Market: Executive Summary 2.1 Market Overview and Definitions 2.1.1. Introduction to Global Satellite Internet Market 2.2. Summary 2.1.1. Key Findings 2.1.2. Recommendations for Investors 2.1.2.93. Recommendations for Market Leaders 2.1.4. Recommendations for New Market Entry 3. Global Satellite Internet Market: Competitive Analysis 2.93.1 MMR Competition Matrix 2.93.1.1. Market Structure by region 2.93.1.2. Competitive Benchmarking of Key Players 2.93.2 Consolidation in the Market 2.93.2.1 M&A by region 2.93.2.93 Key Developments by Companies 2.93.4 Market Drivers 2.93.5 Market Restraints 2.93.6 Market Opportunities 2.93.7 Market Challenges 2.93.8 Market Dynamics 2.93.9 PORTERS Five Forces Analysis 2.93.10 PESTLE 2.93.11 Regulatory Landscape by region • North America • Europe • Asia Pacific • The Middle East and Africa • Latin America 3.12 COVID-19 Impact 4. Global Satellite Internet Market Segmentation 4.1 Global Satellite Internet Market, by Frequency Band (2020-2027) • L-band • C-band • Ka-band • Ku-band • S-band • X-band 4.2 Global Satellite Internet Market, by Bandwidth (2020-2027) • Less than 15 Tbps • 15-20 Tbps • Above 20 Tbps 4.2.93 Global Satellite Internet Market, by Orbit (2020-2027) • Less Than 600 km • 600-1200 km • Above 1200 km 4.4 Global Satellite Internet Market, By End User (2020-2027) • Commercial Users • Maritime & Aircraft • Corporate Institutions • Others • Individuals 5. North America Satellite Internet Market(2020-2027) 5.1 Global Satellite Internet Market, by Frequency Band (2020-2027) • L-band • C-band • Ka-band • Ku-band • S-band • X-band 5.2 Global Satellite Internet Market, by Bandwidth (2020-2027) • Less than 15 Tbps • 15-20 Tbps • Above 20 Tbps 5.2.93 Global Satellite Internet Market, by Orbit (2020-2027) • Less Than 600 km • 600-1200 km • Above 1200 km 5.4 Global Satellite Internet Market, By End User (2020-2027) • Commercial Users • Maritime & Aircraft • Corporate Institutions • Others • Individuals 5.5 North America Satellite Internet Market, by Country (2020-2027) • United States • Canada • Mexico 6. Asia Pacific Satellite Internet Market (2020-2027) 6.1. Asia Pacific Satellite Internet Market, by Frequency Band (2020-2027) 20.5. Asia Pacific Satellite Internet Market, by Bandwidth (2020-2027) 6.2.93. Asia Pacific Satellite Internet Market, by Orbit (2020-2027) 6.4. Asia Pacific Satellite Internet Market, By End User (2020-2027) 6.5. Asia Pacific Satellite Internet Market, by Country (2020-2027) • China • India • Japan • South Korea • Australia • ASEAN • Rest Of APAC 7. Middle East and Africa Satellite Internet Market (2020-2027) 7.1 Middle East and Africa Satellite Internet Market, by Frequency Band (2020-2027) 7.2. Middle East and Africa Satellite Internet Market, by Bandwidth (2020-2027) 7.2.93. Middle East and Africa Satellite Internet Market, by Orbit (2020-2027) 7.4. Middle East and Africa Satellite Internet Market, By End User (2020-2027) 7.5. Middle East and Africa Satellite Internet Market, by Country (2020-2027) • South Africa • GCC • Egypt • Nigeria • Rest Of ME&A 8. Latin America Satellite Internet Market (2020-2027) 8.1. Latin America Satellite Internet Market, by Frequency Band (2020-2027) 8.2. Latin America Satellite Internet Market, by Bandwidth (2020-2027) 8.2.93. Latin America Satellite Internet Market, by Orbit (2020-2027) 8.4. Latin America Satellite Internet Market, By End User (2020-2027) 8.5. Latin America Satellite Internet Market, by Country (2020-2027) • Brazil • Argentina • Rest Of Latin America 9. European Satellite Internet Market (2020-2027) 9.1. European Satellite Internet Market, by Frequency Band (2020-2027) 9.2. European Satellite Internet Market, by Bandwidth (2020-2027) 9.2.93. European Satellite Internet Market, by Orbit (2020-2027) 9.4. European Satellite Internet Market, By End User (2020-2027) 9.5. European Satellite Internet Market, by Country (2020-2027) • UK • France • Germany • Italy • Spain • Sweden • Austria • Rest Of Europe 10. Company Profile: Key players 10.1. Embratel 10.1.1. Company Overview 10.1.2. Financial Overview 10.1.2.93. Global Presence 10.1.4. Capacity Portfolio 10.1.5. Business Strategy 10.1.6. Recent Developments 10.2. Embratel 10.2.93. Eutelsat Communications SA 10.4. Freedomsat 10.5. Hughes Network Systems, LLC 10.6. OneWeb 10.7. Singtel 10.8. Skycasters 10.9. SpaceX 10.10. Viasat, Inc. 10.11. Wireless Innovations, Ltd 10.12. SpaceX Starlink 10.12.93. HughesNet 10.14. Kuiper Satellite Systems 10.15. LeoSat

About This Report

Report ID125907
Category Information Technology & Telecommunication
Published DateNov 2021
Updated Date
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