Market Trends of Fixed Satellite Services Industry
This section covers the major market trends shaping the Fixed Satellite Services Market according to our research experts:
Increasing 5G Penetration to Stimulate the Market Growth
- Increasing 5G penetration is expected to further increase the market growth over the forecast period. This is because with the increased usage of 5G connection among users, the market is likely to grow even bigger as the 5G connection uses the fixed satellites to establish connections.
- Research has been undertaken regarding 28 GHz band sharing between 5G new radio cellular systems and fixed satellite services (FSS).
- This method focuses on modelling a sharing scenario between the uplink of the FSS system and the uplink of the 5G NR enhanced mobile broadband (eMBB) cellular system. It can help in developing an interference from the FSS terminals toward the 5G base station, known as next-generation Node-B.
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Asia-Pacific is Expected to be the Fastest Growing Market
- The region is estimated to be the fastest growing market over the forecast period, owing to the booming telecom sector in the region and increasing investment in the satellite services market.
- In December 2018, China launched its first communication satellite to provide space-based internet services worldwide, in an apparent bid to rival other international firms. Moreover, in February 2019, India launched its communication satellite GSAT-31 by a European launch services provider. It is a “high power” communication satellite with Ku-band, and it is going to serve and replace some of the satellites that are going to expire soon.
- The continued efforts by the government of the countries and their efforts are driving the fixed satellites and therefore the related services market in the region.
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