SATCOM in 5G Market Scope
Satellite communications (SATCOM) plays a vital role in ensuring seamless access to telecommunications services anytime, and is a viable option for delivering telecommunication services in a wide range of sectors such as aeronautical, military, maritime, rescue and disaster relief. It is an important component of 5G-and-beyond wireless architectures as it can complement terrestrial telecommunication solutions in various scenarios to provide highly reliable and secure connectivity over a wide geographical area. The key factor pushing the demand of the market is the continuously rising demand for high-speed network connectivity and low latency covering a wider range of area.
|Unit||Value (USD Million)|
|Key Companies Profiled||SES S.A. (Luxembourg), Viasat Inc. (United States), Tele sat (Canada), General Dynamics (United States), Cobham Limited (United Kingdom), Gilt Satellite Networks (Israel), EchoStar (United States), Inmarsat (United Kingdom), Eutelsat ( France), nudge telecom companies (CANADA) and Nelco (India)|
SATCOM in 5G is a fragmented market due to the presence of a large number of established competitors. The key players are highly focused on developing and innovating new strategies to maintain their market position and customer base. The companies are also planning strategic activities like partnerships, collaboration, mergers, and acquisitions which will help them to sustain in the market and maintain their competitive edge.
SES S.A. (Luxembourg), Viasat Inc. (United States), Tele sat (Canada), General Dynamics (United States), Cobham Limited (United Kingdom), Gilt Satellite Networks (Israel), EchoStar (United States), Inmarsat (United Kingdom), Eutelsat ( France), nudge telecom companies (CANADA) and Nelco (India) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research are Intelsat S.A, (United States), Avanti communication Group plc (United States), Jio (India), Thales Group (France), T-Mobile (Germany), Inmarsat Global Limited (London), Global star Inc (United States), Fleet Space Technologies Private Limited (Australia) and Iridium Communications Inc (Virginia)..
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
The study have segmented the market of Global SATCOM in 5G market by Type , by Application (Navigation, Telecommunication, Real time imaging and Others) and Region with country level break-up.
On the basis of geography, the market of SATCOM in 5G has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). region held largest market share in the year 2022.
Market Leaders and their expansionary development strategiesIn march 2022,Tata Group firm Nelco and US-based Omnispace have partnered to enable and distribute 5G non-terrestrial network (NTN), direct-to-device satellite services. The collaborative effort will expand the reach of 5G using satellite communication throughout India and South Asia.
In March 2022,SES S.A and Verizon communication partnered to expand the US -Based mobile carrier’s access to a portion of the C band (3700-3800MHZ). and In February 2022, India’s leading digital service provider ,Jio Platforms and SES S.A ,announced the formation of a joint venture called Jio space Technology Limited to bring the next generation scalable and affordable broadband services India leveraging satellite technology
Influencing Trend:Low Earth Orbit (LEO) drives the Growth of the Satellite IoT Communication
Market Growth Drivers:Rising demand for high-speed connectivity with low latency and the surging need for communication networks in rural or remote areas.
Challenges:Shortage of Semiconductor Products and High Costs of 5G Infrastructure
Restraints:Space debris Hindering Launch Of satellites
Opportunities:Increasing Collaboration Between Satellite Operators and Telecommunication Industry, Potential of 5G Killer Apps to Catalyse Commercial and Consumer Industry and Growing Demand For maritime satellite communication
Key Target AudienceGovernment Agencies, Regulatory Bodies, Potential Investors, Research and Development Institutes, Customers, End User Industry and Others