위성 통신 시장 보고서 : 동향, 예측, 경쟁 분석(-2030년)

Satellite Communication Trends and Forecast

The future of the global satellite communication market looks promising with opportunities in the maritime, aerospace and defense, government, transportation and logistics, and media markets. The global satellite communication market is expected to reach an estimated $112.9 billion by 2030 with a CAGR of 13.0% from 2024 to 2030. The major drivers for this market are the increasing need for high-throughput satellite systems (HTS) in order to boost data speeds and capacity and growing usage of satellite communications in the defense and government.

Lucintel forecasts that service is expected to witness the highest growth over the forecast period.

Within this market, media and entertainment will remain the largest segment.

APAC is expected to witness the highest growth over the forecast period.

Emerging Trends in the Satellite Communication Market

Satellite communications is one of the sectors that has been experiencing paradigm shifts and it is enabling the current state of connection and transfer of data. These trends can be attributed to technological advancement, demand for interconnectivity worldwide, and need for better communication systems.

• Low Earth Orbit (LEO) Satellite Constellations: The launch of the LEO satellites networks is transforming the way the internet is accessed all over the world. The companies are launching a swarm of small satellites for fast and inexpensive broadband access everywhere, especially in poor and distant regions.
• Enhanced Global Navigation Systems: Global navigation satellite systems, including China's BeiDou and the U.S. GPS, have been improved in terms of accuracy and dependability. These systems underpin simple individual navigation needs as well as military to industrial complex operations.
• Integration with 5G Networks: Combinations of satellite communications with 5th generation systems(5G) enhances native communication and data speeds delivery across the satellite link. This is important for the provision of communication technologies that render appropriate applications like smart systems and the city as well as the internet of things.
• Advanced Earth Observation Capabilities: The new satellite technologies are transforming earth observation capabilities by offering fine-resolution images and instant data for activities like monitoring biodiversity, disaster-management, and agriculture. This makes it possible to make better decisions and respond more appropriately.
• Increasing Private Sector Participation: Increase of competition in the satellite communication sphere, caused by an increase of the number of private companies in it, is also beneficial. Private funds are also facilitating the creation of new technologies and the extension of satellite constellations to enhance coverage and service provisions across the world.

These emerging trends will indeed lead to notable transformations in satellite communication by extending the reach, increasing the accuracy of information and enhancing the interactivity. And the future is promising for these trends because as they develop and mature they will change the way satellite communication is handled in the context of blurred borders between various applications.

Recent Developments in the Satellite Communication Market

Recently the advances made in satellite communication have increased the level of connectivity and the range of spheres in which these versatile devices can be used. These advancements are vital in meeting the global communication requirements and resolving the existing challenges of data and connectivity.

• Deployment of LEO Satellites: Companies like SpaceX and Amazon have launched low earth orbit satellite constellations that are changing broadband internet access by providing high-speed low latency internet to outlying and unserved areas.
• Advancements in Navigation Systems: BeiDou China and other satellite systems are becoming more precise and dependable ideal for both personal and industrial uses such as dominantly defense.
• Integration with 5G Networks: The satellite communication domain has evolved and is now a part of the 5G network, which facilitates the transmission of information and assists in the implementation of advanced technologies, including smart cities, self-driving automobiles, and IoT.
• Advanced Observation Earth Satellites: Recently launched satellites equipped with advanced imaging devices have been providing exquisite resolution for effective environmental management, disaster relief, and agricultural control enhancing the decision making.
• Rising Trends in The Private Sector Approaches: The investment activities of the private sector are speeding the creation of novel technologies for satellite systems and their networks. The satellite system and its launch and operational processes are increasingly falling into the hands of businesses who are driving competitiveness and enhancing service delivery.

These changes are improving the existing communication structures of satellites, increasing the ways in which people are interconnected across geographies, and enhancing the functionality within the existing applications. These developments have an impact on the advancement of satellite communication by meeting the new demand and use the recent innovations.

Strategic Growth Opportunities for Satellite Communication Market

The market on satellite communication has got a good market strategic growth opportunities which are mainly because of the advancement of technology and growth in the need of connection. Defining critical verticals for these opportunities would assist companies to avail themselves to the emerging opportunities and therefore increase their market share.

• LEO Satellite Networks: The successive efforts to deploy LEO satellite constellations present great opportunities growing especially in offering the global audience high-speed connectivity. Such kind of technology is very significant for bridging the gap of distance in remote and unserved regions thus opening up new opportunities.
• Integration with 5G and IoT: Enhancement of connections is realized by adding the satellite communication element into the 5G as well as Internet of Things applications which have several smart infrastructure usage areas. This integration helps in the establishment of smart cities, autonomous systems as well as connected devices.
• Earth Observation and Remote Sensing: Development of satellite-based observation of the earth opening new markets for such industries as agriculture, environmental protection and monitoring, or crisis management. Graphics of high complexity coupled with visualization can further stimulate creativity and assist in solving problems.
• Enhanced Navigation Systems: The growth of developmental efforts associated with global navigation systems like the BeiDou and GPS provides opportunities in industries that have the need for accurate grids and times. Improved navigational systems are applicable in assisting numerous activities in and outside the transportation sector.
• Private Sector Investments: There is also the emergence of growth areas due to private entities coming in to satellite communication because of new technologies as well as more networks. Extension of the satellites into new techniques such as designed, launched, and operated has been influenced by private investments.

These satellite communication growth opportunities indicate where there is room for new technology development and market growth. New opportunities should be welcomed in relation to these emerging applications, as businesses are capable of growing and strengthening their position in the changing environment of the satellite communication market.

Satellite Communication Market Driver and Challenges

Development in the satellite communication industry is influenced by various factors such as technology, economy, and regulation. In order to understand this universally dynamic sector and take all possible growth opportunities, it is important to know the key drivers and challenges.

The factors responsible for driving the satellite communication market include:

1. Technological Advancements: LEO constellation systems and advanced navigation systems are a few examples of satellite technical innovation contributing to the market advancement. These improvements translates to progress in connectivity, data transmission and satellites.

2. Connecting the World: Demand for satellite communication is on the rise due to the increasing need for global and fast internet connections. This applies in the case of remote area applications, smart cities or even the internet of things.

3. Integration with 5G Networks: The completion of satellite communication systems to 5G enhances its operation and makes room for supplementary advanced satellite based services. This interlink is important towards facilitating efficient data transfer, quality system and smart infrastructure.

4. Expansion of Private Sector Investment: Competition and innovation are being fostered by private capital poured into satellite technology. There is more investment and entrepreneurship that is making new technologies and more market options develop at a faster pace.

5. The Development of Global Navigation Systems: Global positioning and timing capabilities are becoming more sophisticated due to the development of global navigation systems such as BeiDou and GPS. These innovations are beneficial to several sectors that include transportation, defense as well as logistics.

Challenges in the satellite communication market are:

1. Regulatory Compliance: Complying with complex judicial systems can be difficult. In accordance with the legal and functional framework, the companies should adhere to the national and international constraints.

2. High Development Costs: The price of developing and deploying new satellite technology can be rather high. High development costs are a limitation to entry and the market structure.

3. Technological Integration Issues: Use of satellite technology with current technology can be tricky. Making certain that a variety of systems work in sync and operate interdependently poses technical barriers.

4. Market Fragmentation: There are numerous players as well as technologies in the satellite communication industry which makes it niche market. This fragmentation makes it difficult for companies to positioning strategies and capture a market.

5. Supply Chain Disruptions: Various factors such as material shortages and logistical problems contribute to disruptions in the supply chain and affect satellite making and launch. Company must evolved supply chain strategies to avert these disruptions.

The drivers and challenges posed in satellite communication emphasizes the need to incorporate technological change, maneuver through the regulatory requirements, and come up with strategies. In this manner, firms will be able to better position themselves in the market and take advantage of the market expansion opportunities.

List of Satellite Communication Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies satellite communication companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the satellite communication companies profiled in this report include-

• Viasat
• SES
• Intelsat
• Telesat
• Echostar Corporation
• L3Harris Technologies
• Thuraya Telecommunications Company
• Sky Perfect Jsat
• Gilat Satellite Networks
• Cobham Limited

Satellite Communication by Segment

The study includes a forecast for the global satellite communication by type, end use industry, and region.

Satellite Communication Market by Type [Analysis by Value from 2018 to 2030]:

• Ground Equipment
• Service

Satellite Communication Market by End Use Industry [Analysis by Value from 2018 to 2030]:

• Maritime
• Aerospace and Defense
• Government
• Transportation and Logistics
• Media
• Others

Satellite Communication Market by Region [Analysis by Value from 2018 to 2030]:

• North America
• Europe
• Asia Pacific
• The Rest of the World

Country Wise Outlook for the Satellite Communication Market

Major players in the market are expanding their operations and forming strategic partnerships to strengthen their positions. Below image highlights recent developments by major Satellite Communications producers in key regions: the USA, China, India, Japan, and Germany

• United States: Recently in the U.S., there has been an intense interest in the use of low Earth orbit (LEO) satellites for increasing the access of the internet worldwide. Companies such as SpaceX and Amazon have initiatives to expand the internet to the unreached markets which are a boon for both the commercial and government sectors.
• China: China, on the other hand, has progressed a lot in making its own BeiDou Navigation Satellite System, which is now to be used around the globe and area accuracy improved. The other ails of this Tiger nation is LEO satellites, which it wants to use to perfect its communication and reduce dependency on other nations technology.
• Germany: Germany plans to upgrade its satellite communication systems to meet the needs of its industry and scientific research. Among the recent efforts are partnerships to deploy next generation high-throughput satellites that improve broadband internet access and facilitate high-resolution Earth observation.
• India: In the last few months, India has launched different communication satellites, with the primary aim being to provide better access to wireless communication in rural areas and enhance response to emergencies. It is through the efforts of ISRO that low-cost cutter satellites have been designed for local and regional demands.
• Japan: Japan is developing its telecommunications via satellite technologies by concentrating on emergencies and remote monitoring. New satellites are being placed into orbit which enhances communication with and collection of information from the field, both in Japan and overseas.

Features of the Global Satellite Communication Market

Market Size Estimates: Satellite communication market size estimation in terms of value ($B).

Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.

Segmentation Analysis: Satellite communication market size by type, end use industry, and region in terms of value ($B).

Regional Analysis: Satellite communication market breakdown by North America, Europe, Asia Pacific, and Rest of the World.

Growth Opportunities: Analysis of growth opportunities in different type, end use industry, and regions for the satellite communication market.

Strategic Analysis: This includes M&A, new product development, and competitive landscape of the satellite communication market.

Analysis of competitive intensity of the industry based on Porter's Five Forces model.

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FAQ

Q.1 What is the satellite communication market size?

Answer: The global satellite communication market is expected to reach an estimated $112.9 billion by 2030.

Q.2 What is the growth forecast for satellite communication market?

Answer: The global power electronic market is expected to grow with a CAGR of 13.0% from 2024 to 2030.

Q.3 What are the major drivers influencing the growth of the satellite communication market?

Answer: The major drivers for this market are the increasing need for high-throughput satellite systems (HTS) in order to boost data speeds and capacity and growing usage of satellite communications in the defense and government.

Q4. What are the major segments for satellite communication market?

Answer: The future of the satellite communication market looks promising with opportunities in the maritime, aerospace and defense, government, transportation and logistics, and media markets

Q5. Who are the key Satellite Communication Market companies?

Answer: Some of the key satellite communication companies are as follows:

• Viasat
• SES
• Intelsat
• Telesat
• EchoStar Corporation
• L3Harris Technologies
• Thuraya Telecommunications Company
• SKY Perfect JSAT
• GILAT SATELLITE NETWORKS
• Cobham Limited

Q6. Which satellite communication market segment will be the largest in future?

Answer: Lucintel forecasts that service is expected to witness the highest growth over the forecast period.

Q7. In satellite communication market, which region is expected to be the largest in next 5 years?

Answer: APAC is expected to witness the highest growth over the forecast period.

Q.8 Do we receive customization in this report?

Answer: Yes, Lucintel provides 10% customization without any additional cost.

This report answers following 11 key questions:

• Q.1. What are some of the most promising, high-growth opportunities for the satellite communication market by type (ground equipment, and service), end use industry (maritime, aerospace and defense, government, transportation and logistics, media and others market), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
• Q.2. Which segments will grow at a faster pace and why?
• Q.3. Which region will grow at a faster pace and why?
• Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
• Q.5. What are the business risks and competitive threats in this market?
• Q.6. What are the emerging trends in this market and the reasons behind them?
• Q.7. What are some of the changing demands of customers in the market?
• Q.8. What are the new developments in the market? Which companies are leading these developments?
• Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
• Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
• Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
• Market Report

Table of Contents

1. Executive Summary

2. Global Satellite Communication Market : Market Dynamics

• 2.1: Introduction, Background, and Classifications
• 2.2: Supply Chain
• 2.3: Industry Drivers and Challenges

3. Market Trends and Forecast Analysis from 2018 to 2030

• 3.1. Macroeconomic Trends (2018-2023) and Forecast (2024-2030)
• 3.2. Global Satellite Communication Market Trends (2018-2023) and Forecast (2024-2030)
• 3.3: Global Satellite Communication Market by Type
  • 3.3.1: Ground Equipment
  • 3.3.2: Service
• 3.4: Global Satellite Communication Market by End Use Industry
  • 3.4.1: Maritime
  • 3.4.2: Aerospace and Defense
  • 3.4.3: Enterprises
  • 3.4.4: Media and Entertainment
  • 3.4.5: Other End Use Industry Verticals

4. Market Trends and Forecast Analysis by Region from 2018 to 2030

• 4.1: Global Satellite Communication Market by Region
• 4.2: North American Satellite Communication Market
  • 4.2.1: North American Satellite Communication Market by Type: Ground Equipment and Service
  • 4.2.2: North American Satellite Communication Market by End Use Industry: Maritime, Defense and Government, Enterprises, Media and Entertainment, and Other End Use Industry Verticals
• 4.3: European Satellite Communication Market
  • 4.3.1: European Satellite Communication Market by Type: Ground Equipment and Service
  • 4.3.2: European Satellite Communication Market by End Use Industry: Maritime, Defense and Government, Enterprises, Media and Entertainment, and Other End Use Industry Verticals
• 4.4: APAC Satellite Communication Market
  • 4.4.1: APAC Satellite Communication Market by Type: Ground Equipment and Service
  • 4.4.2: APAC Satellite Communication Market by End Use Industry: Maritime, Defense and Government, Enterprises, Media and Entertainment, and Other End Use Industry Verticals
• 4.5: ROW Satellite Communication Market
  • 4.5.1: ROW Satellite Communication Market by Type: Ground Equipment and Service
  • 4.5.2: ROW Satellite Communication Market by End Use Industry: Maritime, Defense and Government, Enterprises, Media and Entertainment, and Other End Use Industry Verticals

5. Competitor Analysis

• 5.1: Product Portfolio Analysis
• 5.2: Operational Integration
• 5.3: Porter's Five Forces Analysis

6. Growth Opportunities and Strategic Analysis

• 6.1: Growth Opportunity Analysis
  • 6.1.1: Growth Opportunities for the Global Satellite Communication Market by Type
  • 6.1.2: Growth Opportunities for the Global Satellite Communication Market by End Use Industry
  • 6.1.3: Growth Opportunities for the Global Satellite Communication Market by Region
• 6.2: Emerging Trends in the Global Satellite Communication Market
• 6.3: Strategic Analysis
  • 6.3.1: New Product Development
  • 6.3.2: Capacity Expansion of the Global Satellite Communication Market
  • 6.3.3: Mergers, Acquisitions, and Joint Ventures in the Global Satellite Communication Market
  • 6.3.4: Certification and Licensing

7. Company Profiles of Leading Players

• 7.1: Viasat
• 7.2: SES
• 7.3: Intelsat
• 7.4: Telesat
• 7.5: EchoStar Corporation
• 7.6: L3Harris Technologies
• 7.7: Thuraya Telecommunications Company
• 7.8: SKY Perfect JSAT
• 7.9: GILAT SATELLITE NETWORKS
• 7.10: Cobham Limited