There are several different orbits in which satellites are placed, including geostationary, elliptical, Molniya, and low Earth orbits. Typical satellite communications (satcom) uses include broadcasting TV and radio shows as well as traditional point-to-point communications and mobile apps. In order to improve communication infrastructure, satellite communication has been used by rural and underdeveloped communities globally.
For military operations carried out in remote areas with insufficient and unstable communications infrastructure, satellite communication services offer secure bandwidth capacity. In the upcoming years, it is projected that the revenue from Fixed Satellite Services (FSS) utilised in government and military applications will increase significantly.
The earth's curvature interferes with high-frequency radio waves since they move in a straight line and are utilised for telecommunications links. The crucial function of communication satellites is to route the signal across the curvature of the planet to enable communication between geographically distinct sites. For satellite communication, a broad spectrum of radio and microwave frequencies are utilised. International organisations have rules governing which frequency bands or ranges are assigned to specific organisations in order to prevent signal interference. Thus, the band allotment reduces the possibility of signal interference.
Satellite Communication (SATCOM) Market is valued at USD 80.33 billion in 2022 and is projected to reach a value of USD 169.70 billion in 2030 expanding at a CAGR of 9.8% over the forecast period of 2022-2030.
Market Trends:
Numerous trends that are expected to emerge over the next 18 months and beyond show that both the commercial and military satellite communication industries are developing. Some of the most crucial developments to keep an eye on include the rise in small satellites, the usage of low-Earth orbit (LEO), launches using reusable rocket launch vehicles, and new applications for 5G and the Internet of Things (IoT).
Since focusing on offering high bandwidth satellite transponders with increased transponder throughput and lower rates, satcom companies have altered their business strategies. A wireless communication, monitoring, and control device called a satcom transponder recognises an incoming signal and automatically reacts to it. It is projected that factors including rising consumer broadband demand, business enterprise network requirements, and the expansion of Ka-band and Ku-band services would fuel the expansion of the satellite transponder market. Additionally, recent space development missions by numerous space organisations, like China National Space Administration (China) and Indian Space Research Organization, have greatly raised overall demand (India).
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Satellite Communication (Satcom) Market: Segmental Analysis
Based On Component:
- Equipment
- SATCOM Transmitter/Transponder
- SATCOM Antenna
- SATCOM Transceiver
- SATCOM Receiver
- SATCOM Modem/Router
- Others
- Services
Based On Application:
- Asset Tracking/Monitoring
- Airtime
- M2M
- Voice
- Data
- Drones Connectivity
- Data Backup and Recovery
- Navigation and Monitoring
- Tele-medicine
- Broadcasting
- Others
Based On Vertical:
- Energy & Utility
- Government & Defense
- Government
- Emergency Responders
- Defense
- Transport & Cargo
- Fleet Management
- Rail services
- Maritime
- Mining and Oil & Gas
- Oil & Gas
- Mining
- Agriculture
- Communication Companies
- Corporates/Enterprises
- Media & Broadcasting
- Events
- Aviation
- Environmental & Monitoring
- Forestry
- End User - Consumer
- Healthcare
- Others
Major Market Players:
ES S.A.; Viasat, Inc.; Intelsat; Telesat; EchoStar Corporation; L3 Technologies, Inc.; Thuraya Telecommunications Company; SKY Perfect JSAT Group; GILAT SATELLITE NETWORKS; Cobham Limited.
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