Satellite Communication Market

The global satellite communication market size is projected to grow from USD 16.9 billion in 2024 to USD 33.2 billion by 2029 at a Compound Annual Growth Rate (CAGR) of 14.5% during the forecast period. The engagement of the private sector has substantially expedited the satellite communication industry's development and innovation. Companies that are launching prominent constellations of Low Earth Orbit (LEO) satellites include SpaceX and Amazon. Because of the surge in private investment, satellite services are now more widely available and affordable. Technology has also advanced, and costs have decreased. The increasing demand for high-speed data and voice services in the aviation and maritime industries is one of the primary drivers of the satellite communications equipment market. With a rise in air and sea travel, there is a growing need for seamless communications and connectivity, even in remote locations. Satellite communication provides high-speed data and voice services to these industries, making it possible for people to stay connected while traveling. Satellite communications technology has advanced significantly over the years, enabling high-speed data and voice services to be delivered to aircraft and vessels via satellite links.

Key and innovative vendors in the satellite communication market include SES S.A. (Luxembourg), Starlink (US), Globalstar Inc (US), Hughes Networks Systems (US), Intelsat (US), Viasat Inc, (US), Telesat (Canada), Amazon (US), Eutelsat (France), Iridium communications (US), Singtel (Singapore), Gilat Satellite Networks (Israel), Speedcast (US), Lynk (US), Anuvu (US), Avanti (UK), Arabsat (Saudi Arabia), Yahsat (UAE), Kepler Communications (Canada), Navarino (Greece). The market players have adopted various strategies to strengthen their satellite communication market position. Organic and inorganic strategies have helped the market players expand globally by providing satellite communication services.

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Intelsat

Intelsat is a satellite communication service providing global communications infrastructure. Intelsat covers media, telcos, and government sectors for communication by a wide range of communication services. Intelsat's business branch is divided into different segments: On-network revenues include transponder services and customer contracts for particular satellite capacity, which are used by network services, media, and government. Off-Network and Other Revenues cover those services, as well as mobile satellite services, customer premises equipment sales, and satellite-related consulting and technical services provided by third-party satellite operators. In-flight services Revenues provide airline connectivity, entertainment services, and the corresponding equipment sales for air-to-ground (ATG) and satellite technologies. Intelsat has a significant geographical presence in North America and Europe.

Viasat

Viasat is a global provider of communications technologies and services focused on making connectivity accessible, available, and secure for customers worldwide. The Company operates and manages its business in three reportable segments: satellite services, commercial networks, and government systems. Viasat's satellite services segment provides satellite-based broadband and related services to commercial airlines and other aircraft, residential customers and enterprises, maritime vessels and other mobile broadband customers, and Prepaid Internet users. Advanced satellite and wireless broadband platforms, ground networking equipment, radio frequency and advanced microwave solutions, AISC chip design, satellite payload development, and space-to-earth connectivity systems are all developed and provided by the company's commercial networks segment. The company's satellite services segment eventually utilizes a portion of these products. In the government systems segment, it offers global mobile broadband services and narrowband products and services to military and government users and develops and offers network-centric, internet protocol-based fixed and mobile secure communications products and solutions. Viasat has a robust geographical presence in North America, Europe, Asia Pacific, Middle East & Africa, and Latin America.

Related Reports:

Satellite Communication Market by Type (Telecommunication Services, Broadcasting Services, Data Communication Services), Application (Critical Communication, Navigation, DTH, IoT, Satellite Broadband) and Region - Global Forecast to 2029

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