Fixed Satellite Services Market Size

Statistics for the 2023 & 2024 Fixed Satellite Services market size, created by Mordor Intelligence™ Industry Reports. Fixed Satellite Services size report includes a market forecast to 2029 and historical overview. Get a sample of this industry size analysis as a free report PDF download.

Market Size of Fixed Satellite Services Industry

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Fixed Satellite Services Market Summary
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

Fixed Satellite Services Market 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.

Fixed Satellite Services Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)