Communication Satellite Industry Overview
|Study Period:||2018 - 2028|
|Fastest Growing Market:||Asia Pacific|
|Largest Market:||North America|
|CAGR:||> 7 %|
*Disclaimer: Major Players sorted in no particular order
Need a report that reflects how COVID-19 has impacted this market and its growth?
Communication Satellite Market Analysis
The commercial satellite market is anticipated to register a CAGR of more than 7% during the forecast period.
- The increasing demand for satellite-based services, like inflight connectivity and maritime broadband services, along with the growth of the telecommunication sector, is anticipated to generate demand for new communication satellite launches during the forecast period.
- Integration of advanced technologies, like reconfigurable onboard processors (onboard digital processing payloads) and onboard switching techniques, may further enhance satellite communication with implementation of new techniques and protocols.
- The market is fragmented with the presence of many regional manufacturers, including telecommunication companies and institutions, which manufacture their own small satellites and constellations.
Communication Satellite Industry Segments
Communication satellites create a communication channel beyond-line-of-sight application enabling the communication between widely separated geographical points. Satellite communications have a major role in the global telecommunications sector.
Commercial satellite communication services include voice calling and internet access for land, air, and sea platforms, whereas military communication systems applications disaster relief activities, along with the network centric data transfer applications in modern battlefields.
|Low Earth Orbit (LEO)|
|Medium Earth orbit (MEO)|
|Geostationary orbit (GEO)|
Communication Satellite Market Trends
This section covers the major market trends shaping the Communication Satellite Market according to our research experts:
Commercial Segment Registered the Highest Share in 2019
Commercial satellite operators are investing heavily in construction and deployment of GEO high throughput satellites. To increase the consumer broadband benefits, the GEO satellite capacities are planned to be increased to 1,000 Gbps in 2020 from 260 Gbps in 2019. This can be achieved by frequency re-use and spot beam technology. Furthermore, several companies have plans to launch new high throughput satellites in LEO and MEO to provide additional high-speed broadband services at low latency levels. In addition to this, the increase in demand for maritime and inflight connectivity for voice and data services is propelling the growth of the commercial segment during the forecast period. The introduction of 5G technology with communication satellites may increase the coverage of the network, reduce the installation cost of optic fibers, and subsequent reduction in maintenance cost.
To understand key trends, Download Sample Report
Asia-Pacific Region is Expected to Generate the Highest Demand During the Forecast Period
Countries, like China, India, and Japan, are accounting for the majority of the demand for military and commercial communication sectors. This is due to the support of government strategies to make their respective maritime, aeronautical, and military sectors more secure. China launched Shijian-20, the heaviest communications satellite in December 2019. It is a GEO satellite manufactured by the China Academy of Space Technology (CAST) under the China Aerospace Science and Technology Corporation (CASC) to test various new technologies, namely the use of controllable deformation of shape memory polymers and satellite-ground communication tests using Q/V bands (33-75 GHz in extremely high frequency (EHF)). The tests are anticipated to become the key for the development of high throughput satellites of China, which have capacities of 1 Tbps in the future. Similarly, India launched GSAT-30 in January 2020, to provide Ku-band communication services in India and C-band services in many Asian countries, Gulf countries, and Australia. With the increasing demand for communication services in the region, the Asia-Pacific region is anticipated to bolster the investments into communication satellites during the forecast period.
To understand geography trends, Download Sample Report
Communication Satellite Market Competitor Analysis
The commercial satellite market is fragmented with the presence of many regional manufacturers. Some of the regional manufacturers are telecommunication companies and institutions, which manufacture their own small satellites and constellations. The prominent players in the commercial satellite market are Lockheed Martin Corporation, Space Systems/Loral, LLC, Airbus SE, the Boeing Company, and Thales Group. Airbus SE is into the manufacturing of communication satellites through its subsidiaries, namely Surrey Satellite Technology Ltd and Astrium serving military and commercial sectors, with a major presence in regions of Europe, Asia-Pacific, Middle-East and Africa. The increase in the demand for small satellites due to their inherent low cost of manufacturing has bolstered the scope of potential investments from satellite manufacturing companies in the upcoming period. Partnerships of the communication satellite manufacturers with the satellite communication service providers with expansion plans to increase their customer base around the world are anticipated to further propel the growth opportunities for the manufacturers.
Communication Satellite Market Top Players
Lockheed Martin Corporation
Space Systems/Loral LLC
The Boeing Company
*Disclaimer: Major Players sorted in no particular order
Communication Satellite Market Recent Developments
In November 2021, Amazon initiated to seek approval from US communications regulators to deploy more than 4,500 additional satellites as part of the company's effort to deliver broadband Internet to areas around the world that lack high-speed service.
Communication Satellite Market Report - Table of Contents
1.1 Study Assumptions
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.3 Market Restraints
4.4 Porter's Five Forces Analysis
4.4.1 Bargaining Power of Buyers/Consumers
4.4.2 Bargaining Power of Suppliers
4.4.3 Threat of New Entrants
4.4.4 Threat of Substitute Products
4.4.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
184.108.40.206 Disaster Recovery
220.127.116.11 Network-centric Warfare
5.2.1 Low Earth Orbit (LEO)
5.2.2 Medium Earth orbit (MEO)
5.2.3 Geostationary orbit (GEO)
5.2.4 Polar Orbits
5.3.1 North America
18.104.22.168 United States
22.214.171.124 United Kingdom
126.96.36.199 Rest of Europe
188.8.131.52 Rest of Asia-Pacific
5.3.4 Latin America
184.108.40.206 Rest of Latin America
5.3.5 Middle-East and Africa
220.127.116.11 United Arab Emirates
18.104.22.168 Saudi Arabia
22.214.171.124 Rest of Middle-East and Africa
6. COMPETITIVE LANDSCAPE
6.1 Vendor Market Share
6.2 Company Profiles
6.2.1 Lockheed Martin Corporation
6.2.2 Israel Aerospace Industries
6.2.3 Space Systems/Loral LLC
6.2.4 Airbus SE
6.2.5 The Boeing Company
6.2.6 Thales Group
6.2.7 Northrop Grumman Corporation
6.2.8 China Aerospace Science and Technology Corporation
6.2.9 JSC Academician M.F. Reshetnev
6.2.10 Space Exploration Technologies Corp.
6.2.11 Indian Space Research Organisation
6.2.12 OHB SE
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
Communication Satellite Market Research FAQs
What is the study period of this market?
The Communication Satellite Market is studied from 2018 - 2028.
What is the growth rate of Communication Satellite Market?
The Communication Satellite Market is growing at a CAGR of >7% over the next 5 years.
Which region has highest growth rate in Communication Satellite Market?
Asia Pacific is growing at the highest CAGR over 2018 - 2028.
Which region has largest share in Communication Satellite Market?
North America holds highest share in 2021.
Who are the key players in Communication Satellite Market?
Lockheed Martin Corporation, Space Systems/Loral LLC, Airbus SE, The Boeing Company, Thales Group are the major companies operating in Communication Satellite Market.
Communication Satellite Industry Reports
In-depth industry statistics and market share insights of the Communication Satellite sector for 2020, 2021, and 2022. The Communication Satellite research report provides a comprehensive outlook of the market size and an industry growth forecast for 2023 to 2028. Available to download is a free sample file of the Communication Satellite report PDF.