Global Satellite Telecommunications Market Overview:
Satellite communications become an essential part of telecommunications systems. Across the globe, it has become a small place because of satellite communications allowing people with no access to physical connectivity from thousands of miles away. Satellite communications are radio-based systems, wherever information is transmitted from one point on the world to another point on the earth, with the help of moving equipment located 22,300 miles above the equator, the geostationary orbit. At a mentioned distance, the satellite rotates at the same speed as the rotation of the earth. Some of the players profiled in the study are SES S.A (Luxembourg), Viasat, Inc. (United States), Intelsat (United States), Telesat (Luxembourg), EchoStar Corporation (United States), L3 Technologies, Inc. (United States), Thuraya Telecommunications Company (United Arab Emirates), SKY Perfect JSAT Group (Japan), Gilat Satellite Networks (Israel) and Cobham Limited (United Kingdom).
On the basis of geography, the market of Satellite Telecommunications 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). If we see Market by Components, the sub-segment i.e. Solutions will boost the Satellite Telecommunications market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Industry Verticals, the sub-segment i.e. Maritime will boost the Satellite Telecommunications market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Growth Drivers
- High Growth of IP Traffic for Social Networking, and Multimedia
- Development in Mobile Traffic Driving the Requirement for Mobile Backhaul
- Growing Demand for High-Speed Connectivity from the Leo Satellite
- Rapid Development in Technology Industry
- Growing Demand from the End Users to be Connected Anywhere at Anytime
- Lack of Conductive Applications to Speed Up the Development Satellite Services
- Increase in Use of Fiber Transmission
- Development in the Internet of Things Connectivity Will Generate Strong Potential in Coming Years
- It Required Huge Investment to Enter in this Market, Because of which there are Less Number of New Market Entrants
Key Market Developments:
In Jan 2021, SSi Canada announced their partnership with SES Network that delivers new satellite capacity to Northern Canada. Through this partnership, the company enhances its market share in the Canadian region.
This industry is highly competitive. The market-leading players compete with a large number of telecommunications services that generate huge pressure on prices and margins. To compete effectively, market-leading companies are emphasizing their network quality, customization capability, delivery of networks as a turnkey managed service, a position as a single point of contact for products and services, and competitive prices.
Venture Capitalists and Private Equity Firms, New Entrants/Investors, Analysts and Strategic Business Planners, Satellite Telecommunication Solutions and Services Providers, Government Regulatory and Research Organizations and End-Use Industries
Major Objectives Focused through this Study
To define, describe, and forecast the Global Satellite Telecommunications market on the basis of product [Fixed Satellite Services (FSS), Broadcast Satellite Service (BSS), Broadcast Satellite Service for Radio (BSSR), Radio Determination Satellite Service (RDSS) and Others] , application [Broadcasting and Data Communication], key regions and end user
To provide in-depth information regarding major influencing factors affecting the growth of the market (trends, drivers, restraints, opportunities, and industry-centric and regional challenges)
To strategically analyse the micro-markets and important business segments with respect to individual growth drivers , market trends and potential, and historical contributions to the total market
Identifying the opportunities in the market for key stakeholders and detailing the competitive landscape for market leaders
To provide market size for various segments of the Satellite Telecommunications market with respect to major geographies, namely, 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)
To strategically profile the key players and analyzing their market shares and core competencies in the Satellite Telecommunications industry
To track key developments such as product launches, expansions, agreements, partnerships, mergers & acquisitions, and R&D activities that are key factors in shaping the market
Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**. Additionally, the Players which are also part of the research are Skyloom (United States), Clutch Space Systems (England) and Hiber B.V. (The Netherlands).
** Confirmation on availability of data would be informed prior purchase
While framing the research framework, major and emerging players operating in the Satellite Telecommunications market in various regions have been profiled, and their offerings, geographic footprints, and distribution/sales channels have been analysed through in-depth discussions. The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, analyst team keeps preparing set of questionnaires and after getting appointee list; the target audience are then tapped and segregated with various mediums and channels that are feasible for making connection that includes email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey etc.