Acknowledging the kind of traction gained by this market, recently published a study report asserts the global Broadband Satellite Services Market size is projected to accrue voluminously by 2027 registering a phenomenal CAGR of around 7.2% during the review period (2022 to 2027).
Broadband access has grown into a critical source of information for the planet’s people with the growing spread of the Internet across the world. However, there are still massive numbers of underserved countries and people living in rural areas without access even for the most basic broadband connectivity. It is recognized that almost two-thirds of all Internet traffic is consumed by video applications, prominent to a growing number of subscribers to video broadcasting (Netflix, YouTube, Amazon Video, etc.), which drives the demand for high speed internet, so stimulating the growth of the global broadband satellite services market.
The Global Broadband Satellite Services market research report discusses the key drivers influencing global growth, current market trends, key driving factors and the Internet & Communication market as a whole. Broadband Satellite Services Market report evaluates the CAGR, revenue, value, volume, sales, price and dynamics of the market during the forecast period of 2022-2027. From the competitive edge of different types of products and services, the development opportunities and consumption characteristics and structure analysis of the downstream application fields are all analyzed in detail. To Boost Growth of Broadband Satellite Services during the epidemic era, this report analyzes in detail for the potential risks and opportunities which can be focused on.
The Broadband Satellite Services Market is growing at a very fast pace and has seen the focus of many local and regional vendors offering precise application products for multiple end users. The three dependencies for the status of major companies in the market are: company profile, profitable gross margin, the prices they charge. These are the main players in this market includes SES Astra, Inmarsat, Iridium Communications Inc. (NasdaqGS:IRDM), Viasat, Inc. (NasdaqGS:VSAT), EchoStar Corporation (NasdaqGS:SATS), Intelsat General, EarthLink Holding Corp., Eutelsat, IDirect, Bigblu Broadband plc (LSE:BBB.L), Singtel, KVH Industries, Inc. (NasdaqGS:KVHI), Skycasters, Speedcast, Gilat Satellite Networks Ltd. (NasdaqGS:GILT), Embratel Star One, and others.
Industry News:
December 21, 2021:KVH Industries, Inc., (Nasdaq: KVHI), a leading global maritime VSAT provider, has announced the launch of satellite connectivity services that will allow vessels to use KVH connectivity while operating in Indian territorial waters.
August 2, 2021: Embratel has announced the launch of Star One D2, a satellite that will expand satellite capacity in Brazil and Latin America. Star One D2 is equipped with C-, Ku-, Ka-, and X-band transponders. The Ku-band shall be used to expand capacities oriented to the Brazilian park of parabolic antennas, demands for pay-TV, and companies’ connectivity.
Broadband Satellite Services Market is segmented based on the type, applications, companies and regions.
By Type, it is segmented into
By Applications it is segmented into
North America has accounted for the highest share in the market in previous year. This is attributed to the presence of key players in North America. The U.S. holds around 37 to 38% of share in the global satellite services market. This is owing to healthy growth of the remote sensing and fixed satellite services segment in the region. The aerospace and defense segments are anticipated to be the end-user industry to experience rapid growth in North America.
Report Attributes | Report Details |
Forecast Period 2022 to 2027 CAGR | CAGR of 7.2% during the review period (2022 to 2027). |
By Type |
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By Application |
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By Companies | SES Astra, Inmarsat, Iridium Communications Inc. (NasdaqGS:IRDM), Viasat, Inc. (NasdaqGS:VSAT), EchoStar Corporation (NasdaqGS:SATS), Intelsat General, EarthLink Holding Corp., Eutelsat, IDirect, Bigblu Broadband plc (LSE:BBB.L), Singtel, KVH Industries, Inc. (NasdaqGS:KVHI), Skycasters, Speedcast, Gilat Satellite Networks Ltd. (NasdaqGS:GILT), Embratel Star One, and others. |
Regions Covered |
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Countries Covered |
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Base Year | 2022 |
Historical Year | 2017 to 2021 |
Forecast Year | 2022 to 2027 |
Number of Pages | 138 |
Customization Available | Yes, the report can be customized as per your needs |
What is the study period of this market?
The Broadband Satellite Services Market is studied from 2017 - 2027.
What is the growth rate of Broadband Satellite Services Market?
The Broadband Satellite Services Market is growing at a CAGR of 7.2% over the next 5 years.
Who are the leading key players in Broadband Satellite Services Market?
SES Astra, Inmarsat, Iridium Communications Inc. (NasdaqGS:IRDM), Viasat, Inc. (NasdaqGS:VSAT), EchoStar Corporation (NasdaqGS:SATS), Intelsat General, EarthLink Holding Corp., Eutelsat, IDirect, Bigblu Broadband plc (LSE:BBB.L), Singtel, KVH Industries, Inc. (NasdaqGS:KVHI), Skycasters, Speedcast, Gilat Satellite Networks Ltd. (NasdaqGS:GILT), Embratel Star One, and others.
What regions regions does this Broadband Satellite Services Market report covers?
North America (the United States, Canada, and Mexico)
Europe (Germany, France, UK, Russia, and Italy)
Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)
South America (Brazil, Argentina, Colombia, etc.)
The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)
What are the significant types of Broadband Satellite Services Market?
C Band, Ku Band, Ka Band, Others
What are the significant Applications of Broadband Satellite Services Market?
B2C, B2B, B2G, Others
All our reports are custom made to your company needs to a certain extent, we do provide 5 free consulting hours along with purchase of each report, and this will allow you to request any additional data to customize the report as your needs.
SECONDARY RESEARCH
Secondary Research Information is collected from a number of publicly available as well as paid databases. Public sources involve publications by different associations and governments, annual reports and statements of companies, white papers and research publications by recognized industry experts and renowned academia etc. Paid data sources include third party authentic industry databases.
PRIMARY RESEARCH
Once data collection is done through secondary research, primary interviews are conducted with different stakeholders across the value chain like manufacturers, distributors, ingredient/input suppliers, end customers and other key opinion leaders of the industry. Primary research is used both to validate the data points obtained from secondary research and to fill in the data gaps after secondary research.
MARKET ENGINEERING
The market engineering phase involves analyzing the data collected, market breakdown and forecasting. Macroeconomic indicators and bottom-up and top-down approaches are used to arrive at a complete set of data points that give way to valuable qualitative and quantitative insights. Each data point is verified by the process of data triangulation to validate the numbers and arrive at close estimates.
EXPERT VALIDATION
The market engineered data is verified and validated by a number of experts, both in-house and external.
REPORT WRITING/ PRESENTATION
After the data is curated by the mentioned highly sophisticated process, the analysts begin to write the report. Garnering insights from data and forecasts, insights are drawn to visualize the entire ecosystem in a single report.
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