India Satellite Communication Market Size (2024 - 2029)

India Satellite Communication Market Analysis

The Indian satellite communication market is valued at USD 2.23 billion in the current year. It is expected to record a CAGR of 17.27% during the forecast period, reaching USD 5.71 billion by the next five years. The rising demand for satellite-based services, increasing investment in the space sector, and growing adoption of satellite-based applications are driving the market in India.

• The growing number of internet users, increasing penetration of televisions, and rising adoption of the navigation system in the country are propelling the demand for satellite-based services, including broadband internet and satellite television. Many far-flung, sparsely populated areas may not have terrestrial coverage. Satellites can help bridge this gap by connecting the most remote areas.
• The satellite communication market is rapidly growing in India, with the government investing heavily in developing new satellite systems. The Indian National Satellite System (INSAT) is Asia-Pacific's largest domestic communication satellite system, with nine operational satellites in geostationary orbit.
• The Development and Educational Communication Unit (DECU) recently announced that it had implemented nationwide Satellite Communication Ground Systems for various societal applications for the citizens of India. The initiative promotes using space technology to contribute to overall national development.
• Satellite-based communication services in India can be availed from companies including Bharat Sanchar Nigam Ltd (BSNL), RelianceJio Infocomm Limited, and lnfotel Satcom Pvt. Ltd that are licensed by the Department of Telecommunication (DoT).
• Satellite communication has paved the way in tracking COVID-19 resources that contributed largely during the pandemic. The Satcom Industry Association of India (SIA-India), a non-profit organization representing the interests of the communication satellite ecosystem in India, highlighted the benefits of satellite-based asset tracking systems and encouraged the use of real-time communication through satellites to track the essential supply chain of COVID-19 resources.

India Satellite Communication Industry Segmentation

Satellite communication is the transfer of data and information via satellites orbiting the Earth. It enables long-distance communication by relaying signals between ground stations and satellite receivers in orbit, enabling television broadcasts, internet access, and phone calls. The satellite communication (SATCOM) market is defined based on the revenues generated from the types used in various end-user verticals such as maritime, defense and government, enterprises, and media and entertainment. The analysis is based on the market insights captured through secondary research and the primaries. The report also covers the major factors impacting the market's growth in terms of drivers and restraints.

The scope of the study has been segmented based on the type of satellite communication equipment and services (ground equipment (a gateway, very small aperture terminal (VSAT) equipment, network operation center (NOC), and satellite newsgathering (SNG) equipment) and services (mobile satellite services (MSS), fixed satellite services, and earth observation services), platform (portable, land, maritime, and airborne), and end-user vertical (maritime, defense and government, enterprises, media and entertainment, and other end-user verticals). Common satellite communication services include voice calling and internet access for different applications. The market sizes and forecasts are provided in terms of value (USD billion) for all the above segments.

The study tracks the key market parameters, underlying growth influencers, and major vendors operating in the industry, supporting the market estimations and growth rates over the forecast period. In addition, the study provides the SATCOM market trends, along with key vendor profiles. The study further analyzes the overall impact of COVID-19 on the ecosystem.