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Global Satellite Communication Market to reach USD 1257 billion by 2027

Global Satellite Communication Market Size study, by Component (Equipment and Services), by Application (Voice Communication, Broadcasting and Data Communication), by End-Use Industry (Maritime, Aerospace & Defense, Industrial, Transportation & Logistics, Agriculture, Media, Government & Public Safety, Enterprises and Others) and Regional Forecasts 2020-2027

Product Code: IACTII_50436955
Publish Date: 2-09-2020
Page: 200

Global Satellite Communication Market is valued approximately at USD 62.19 billion in 2019 and is anticipated to grow with a healthy growth rate of more than 9.2% over the forecast period 2020-2027. Satellite Communication is sending, receiving and processing of information or in other words telecommunication. It relays and amplifies radio telecommunication signals via a transponder. The growing need for uninterrupted communication in various industries and increasing need for high throughput satellite services will drive the market growth. Moreover, increasing use of internet of things (IoT) and growing fleet of autonomous and connected vehicles are the few factors responsible for growth of the market over the forecast period. The rising IoT spending along with the increasing demand for wireless distributed control system in Asia pacific regions, may act as a major driving factor to the growth of the market during the forecast period. According to Statista, the China led the Asia Pacific region in terms of IoT spending, spend around USD 168 billion in 2019. Further the number of internet connections in China was 1.59 billion in 2017 and has risen by 6 billion in 2020. Furthermore, the introduction of products and services along with other strategic alliance by market key players will create a lucrative demand for this market. For instance: on 25th October 2018, Viasat Inc., enter into an agreement with SpaceX to launch its ViaSat-3 satellite missions in the 2020 – 2022 timeframe from the Launch Complex 39A (LC-39A) at NASA’s Kennedy Space Center in Florida. This mission aims to deliver terabits of data from space to meet growing global broadband demand and will directly-inject close to geostationary orbit. Whereas, high development and maintenance cost of earth station infrastructures to support satcom devices the growth of global Satellite Communication market during the forecast period.

The regional analysis of global Satellite Communication market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the leading/significant region across the world owing to the rising demand for continuous communication by the defense industry and increased demand for SATCOM equipment by the US defense department. Whereas, Asia-Pacific is also anticipated to exhibit highest growth rate / CAGR over the forecast period 2020-2027.

Major market player included in this report are:
Viasat Inc.
Intelsat Corporation
EchoStar Corporation
L3 Technologies, Inc.
Thuraya Telecommunications Company
SKY Perfect JSAT Group
Gilat Satellite Networks
Cobham Limited

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

by Component:

by Application:
Voice Communication
Data Communication

By End-Use Industry:
Aerospace & Defense
Transportation & Logistics
Government & Public Safety
By Region:
North America

Asia Pacific
South Korea
Latin America
Rest of the World

Furthermore, years considered for the study are as follows:

Historical year – 2017, 2018
Base year – 2019
Forecast period – 2020 to 2027

Target Audience of the Global Satellite Communication Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2018-2027 (USD Billion)
1.2.1. Satellite Communication Market, by Region, 2018-2027 (USD Billion)
1.2.2. Satellite Communication Market, by Component, 2018-2027 (USD Billion)
1.2.3. Satellite Communication Market, by Application, 2018-2027 (USD Billion)
1.2.4. Satellite Communication Market, by End-Use Industry, 2018-2027 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Satellite Communication Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Satellite Communication Market Dynamics
3.1. Satellite Communication Market Impact Analysis (2018-2027)
3.1.1. Market Drivers
3.1.2. Market Challenges
3.1.3. Market Opportunities
Chapter 4. Global Satellite Communication Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.1.6. Futuristic Approach to Porter’s 5 Force Model (2017-2027)
4.2. PEST Analysis
4.2.1. Political
4.2.2. Economical
4.2.3. Social
4.2.4. Technological
4.3. Investment Adoption Model
4.4. Analyst Recommendation & Conclusion
Chapter 5. Global Satellite Communication Market, by Component
5.1. Market Snapshot
5.2. Global Satellite Communication Market by Component, Performance – Potential Analysis
5.3. Global Satellite Communication Market Estimates & Forecasts by Component 2017-2027 (USD Billion)
5.4. Satellite Communication Market, Sub Segment Analysis
5.4.1. Equipment
5.4.2. Services
Chapter 6. Global Satellite Communication Market, by Application
6.1. Market Snapshot
6.2. Global Satellite Communication Market by Application, Performance – Potential Analysis
6.3. Global Satellite Communication Market Estimates & Forecasts by Application 2017-2027 (USD Billion)
6.4. Satellite Communication Market, Sub Segment Analysis
6.4.1. Voice Communication
6.4.2. Broadcasting
6.4.3. Data Communication
Chapter 7. Global Satellite Communication Market, by End-Use Industry
7.1. Market Snapshot
7.2. Global Satellite Communication Market by End-Use Industry, Performance – Potential Analysis
7.3. Global Satellite Communication Market Estimates & Forecasts by End-Use Industry 2017-2027 (USD Billion)
7.4. Satellite Communication Market, Sub Segment Analysis
7.4.1. Maritime
7.4.2. Aerospace & Defense
7.4.3. Industrial
7.4.4. Transportation & Logistics
7.4.5. Agriculture
7.4.6. Media
7.4.7. Government & Public Safety
7.4.8. Enterprises
7.4.9. Others
Chapter 8. Global Satellite Communication Market, Regional Analysis
8.1. Satellite Communication Market, Regional Market Snapshot
8.2. North America Satellite Communication Market U.S. Satellite Communication Market Component breakdown estimates & forecasts, 2017-2027 Application breakdown estimates & forecasts, 2017-2027 End-Use Industry breakdown estimates & forecasts, 2017-2027
8.2.2. Canada Satellite Communication Market
8.3. Europe Satellite Communication Market Snapshot
8.3.1. U.K. Satellite Communication Market
8.3.2. Germany Satellite Communication Market
8.3.3. France Satellite Communication Market
8.3.4. Spain Satellite Communication Market
8.3.5. Italy Satellite Communication Market
8.3.6. Rest of Europe Satellite Communication Market
8.4. Asia-Pacific Satellite Communication Market Snapshot
8.4.1. China Satellite Communication Market
8.4.2. India Satellite Communication Market
8.4.3. Japan Satellite Communication Market
8.4.4. Australia Satellite Communication Market
8.4.5. South Korea Satellite Communication Market
8.4.6. Rest of Asia Pacific Satellite Communication Market
8.5. Latin America Satellite Communication Market Snapshot
8.5.1. Brazil Satellite Communication Market
8.5.2. Mexico Satellite Communication Market
8.6. Rest of The World Satellite Communication Market

Chapter 9. Competitive Intelligence
9.1. Top Market Strategies
9.2. Company Profiles
9.2.1. SES S.A. Key Information Overview Financial (Subject to Data Availability) Product Summary Recent Developments
9.2.2. Viasat Inc.
9.2.3. Intelsat Corporation
9.2.4. Telesat
9.2.5. EchoStar Corporation
9.2.6. L3 Technologies, Inc.
9.2.7. Thuraya Telecommunications Company
9.2.8. SKY Perfect JSAT Group
9.2.9. Gilat Satellite Networks
9.2.10. Cobham Limited
Chapter 10. Research Process
10.1. Research Process
10.1.1. Data Mining
10.1.2. Analysis
10.1.3. Market Estimation
10.1.4. Validation
10.1.5. Publishing
10.2. Research Attributes
10.3. Research Assumption

The study of the market is incorporated by extensive primary and secondary research conducted by the research team at OMR. Secondary research has been conducted to refine the available data to breakdown the market in various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geographies to provide a better regional outlook. In the report, country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior, and macro-economic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. Our analysts contact company executives, managers, key opinion leaders, and industry experts. This enables our analyst to derive the closest possible figures without any major deviations in the actual number.

Primary Research Sources:

  • Interview conducted with raw material suppliers & manufacturers.
  • Interview conducted with manufacturers, suppliers & distributors, researchers, & representatives of regulatory bodies.
  • Interview conducted with market players, industry experts, & independent consultants.
  • Secondary Research Sources:
  • Purchased Database: D&B Hoovers, Bloomberg, Inc., Business Information Industry Association, NAICS Association.
  • Internal Database: White papers, Certified Publications, Articles by Recognized Authors and Regulatory Bodies.
  • Government Databases: Food and Agriculture Organization (FAO), European Industrial Hemp Association (EIHA), World Health Organization (WHO), Food and Drug Administration (FDA), International Telecommunication Union (ITU), United States Department of Agriculture (USDA), International organization of Motor Vehicle Manufacturers (OICA).

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