Market Size of Fixed Satellite Services Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 5.48 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Fixed Satellite Services Market Analysis
The fixed satellite services market was valued at USD 22.46 billion in 2020 and is projected to reach USD 27.15 billion by the end of 2026, registering a CAGR of 5.48% during the forecast period (2021 - 2026).
- Fixed satellite services (FSS) use ground equipment at set locations to receive and transmit satellite signals. Fixed satellite services generally have a low power output and larger dish-style antennas are required for reception. Also, the satellites used for fixed service require less power than direct broadcasting satellites (DBS).
- The fixed satellite service market is expected to grow significantly over the forecast period, owing to the rise in the extensive use of data communications and increasing demand for high-speed internet.
- High capital investment and increasing use of fiber optic transmission cables are some of the major factors restraining the adoption of the fixed satellite services. Also, the stringent government regulation related to the market and limited orbital locations can also effect the entrance of new players into the studied market.
- The demand for fixed satellite services is also rising from the enterprise segment. In July 2018, Gilat Telecom announced that it was chosen as a service provider for Iridium Certus for land-mobile applications and can now offer customers a wider variety of fixed connectivity solutions.
