Italy Satellite Communication Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 11.05 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
Italy Satellite Communication Market Analysis
The Italy satellite communication market was valued at 0.38 billion in the current year and is expected to grow at a CAGR of 11.05% during the forecast period to become 0.64 billion by the next five years. The satellite communication market in the country is driven by the increasing adoption of advanced technologies in various sectors, coupled with the growing demand from the government sector.
- The satellite communication market in Italy has witnessed substantial growth in the past few years, owing to increasing demand from the defense and government sector and enterprise sectors coupled with growing new launches from market vendors in the country. Moreover, the increasing demand for broadband communications in the country further provides growth prospects for market vendors to deploy their satellite communication services.
- Additionally, the growth in the adoption of advanced technologies in various end-user sectors nationwide further drives the need for enhanced, secure, reliable and high-speed communication in the country, thus increasing the satellite communication market. These end-user enterprises in the country heavily utilize Satcom services to collect operational data, improve efficiency, and realize sustainable business practices.
- The satellite communication providers are also expected to gain substantial growth opportunities in the 5G deployments across the country. For instance, in June 2022, Telecom Italia (TIM), a satellite communication and telecom firm in Italy, secured EUR 725 million (~USD 796.93 Million) tenders for a 5G rollout.
- However, the Cybersecurity challenges in satellite communication have become a major concern as launching a satellite to transmit data is highly sensitive. Furthermore, because the vulnerabilities are mission-critical, the difficulty is the negative effect that such cybersecurity threats can have. The launch systems, communications, telemetry, tracking and command, and mission completion are among the mission-critical vulnerabilities vulnerable to cybersecurity threats. Such factors may hinder the growth of the market in the country.
- During the COVID-19 pandemic, Satcom services gained significant traction to provide efficient communication. For instance, ESA announced funding 'Space in response to COVID-19 outbreak' in partnership with the Italian Minister for Technological Innovation and Digitalisation and the support of the Italian Space Agency. Through the announcement, ESA invited companies to submit their ideas for deploying and demonstrating services to respond to the emergency in Europe, especially in Italy, due to the coronavirus.
Italy Satellite Communication Market Trends
Defense and Government Segment is Anticipated to Hold Significant Market Share
- The defense and government sector is analyzed to hold a significant market share in the Italy satellite communication market. Defense satellite services can assist military departments in boosting operational effectiveness and mission success probabilities by offering dependable, secure broadband services that permit global interoperability on land, at sea, and in the air.
- Moreover, satellite communication services significantly boost the digital economy in Italy by offering high-speed broadband services for various economic sectors. Various government departments across the country use satellite communication from market vendors to avail secure communications and monitoring infrastructures for different economic sectors. For instance, government sectors such as the Presidency of the Council of Ministers, the Ministry of Interiors, the Ministry of Defense, and the Ministry of Infrastructure and Transportation use satellite communication services from Gomedia Satcom.
- Further, high-speed satellite communications offer governments access to a completely digital world. Satellite communication enables governments to deploy IoTs in many service sectors, fueling the market growth. Moreover, increasing government spending is further expected to increase the demand for satellite communications in various economic sectors. According to the data from the IMF, government spending in Italy is expected to reach EUR 1154.37 Billion (~USD 1268.9 Billion) by 2028 from EUR 1084.88 Billion (USD 1256.67 Billion) in 2022.
- In a shifting geopolitical landscape, secure and uninterrupted communications are becoming crucial for the government and defense sectors. In crises, natural disasters, or the unavailability of ground-based operators, governmental institutions need access to rapidly deployable and robust satellite communications capabilities, such as Civil Protection and Fire Corps Department, to save lives in emergency-related activities in Italy.
Technological Advancement and Adoption of Advanced Technologies such as AI and IoT in Various Industries is Expected to Drive the Market
- Technological advancements and growing digital transformation in various end-user industries is expected to increase the demand for satellite communications services in the country. As every industry continues to be transformed by data, companies face challenges such as the growing volume of data, the variety of data, and the increasing speed of data requirements.
- Digital transformation is causing many companies to rethink their strategy for capturing, accessing, and transforming the data, including using various technologies such as artificial intelligence and machine learning, as well as the development of how they can most effectively retain the data over longer periods. This has significantly boosted the demand for satellite communication in end-user industries to fulfill expanding demand for uninterrupted communication services.
- Moreover, the increasing adoption of Artificial Intelligence in various industries nationwide is expected to enhance the demand for satellite communication services in end-user companies. For instance, according to the data from ArmCharm Italy, between 2017 and 2030, the adoption of artificial intelligence (AI) is expected to increase the revenues of Italy's economy by EUR 570 billion (~USD 626.55 Billion). According to the forecasts, the financial services and retail sectors are expected to grow by about EUR 112 billion (~USD 123.11 billion) and EUR 172 billion (~USD 189.06 Billion), respectively.
- Additionally, various latest trends, such as the rising implementation of IoT and autonomous systems in end-user industries, deployment of 5G networks through satellites, ongoing development of smart cities, etc., are expected to boost the demand for the satellite communication market to provide a high degree of connectivity they need. Moreover, the country is witnessing significant IoT solutions rollout in the past few years, and this massive increase in the adoption of IoT is driving the need for satellite communication, thereby supporting the growth of the studied market.
Italy Satellite Communication Industry Overview
The satellite communication market in Italy is fragmented, with many global and regional players operating in the market. Thales Alenia Space, Viasat Group SpA and Telecom Italia (TIM) are a few of the major market vendors operating in the market. Market vendors are focusing on new launches and partnership activities to enhance their market presence and market share in the Italy satellite communication market.
- June 2022 - Thales Alenia Space and Telespazio announced to win an award from the Italian Ministry of Defence (MoD) for the SICRAL 3 satellite communications (SATCOM) system. The newly announced contract covers Phase D (development) and involves component production and integration of subsystems. The process will include multiple implementation phases, resulting in the SICRAL 3A launch by 2026 and SICRAL 3B launch subsequently.
Italy Satellite Communication Market Leaders
Thales Alenia Space
Viasat Group S.p.A
Telecom Italia (TIM)
Sitael S.p.A.
Antech Space
*Disclaimer: Major Players sorted in no particular order
Italy Satellite Communication Market News
- May 2023 - Swedish Space Corporation (SSC) established SSC Space Italy, a new subsidiary targeted at the growing Italian space market to strengthen its presence in Europe and reinforce its reputation as a leading company in the industry. The company offers specialist expertise in satellite communications, launch services, spacecraft operations, rocket and balloon systems, flight test services, and data analytics.
- March 2023 - The Italian national carrier ITA Airways announced to equip all its new aircraft with the Iris technology from ESA, supported by air traffic controllers in 14 European countries. ESA developed the Iris system in collaboration with UK-based satellite communication company Inmarsat. With large quantities of data relayed to and from the aircraft, the Iris system provides reliable, secure, and fast high-bandwidth links between pilots and air traffic controllers.
Table of Contents
1. INTRODUCTION
1.1 Study Assumptions and Market Definition
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET INSIGHTS
4.1 Market Overview
4.2 Industry Attractiveness - Porter's Five Forces Analysis
4.2.1 Bargaining Power of Buyers
4.2.2 Bargaining Power of Suppliers
4.2.3 Threat of New Entrants
4.2.4 Threat of Substitutes
4.2.5 Intensity of Competitive Rivalry
4.3 Industry Value Chain Analysis
4.4 Assessment of the Impact of COVID-19 on the Market
5. MARKET DYNAMICS
5.1 Market Drivers
5.1.1 Increasing Demand of Satellite Communication in Government sector
5.1.2 Technological Advancement and adoption of advanced technologies such as AI and IoT in Various Industries
5.2 Market Restraints
5.2.1 Cybersecurity Threats to Satellite Communication
6. MARKET SEGMENTATION
6.1 By Type
6.1.1 Ground Equipment
6.1.2 Services
6.2 By Platform
6.2.1 Portable
6.2.2 Land
6.2.3 Maritime
6.2.4 Airborne
6.3 By End-user Vertical
6.3.1 Maritime
6.3.2 Defense and Government
6.3.3 Enterprises
6.3.4 Media and Entertainment
6.3.5 Other End-user Verticals
7. COMPETITIVE LANDSCAPE
7.1 Company Profiles
7.1.1 Thales Alenia Space
7.1.2 Viasat Group SpA
7.1.3 Telecom Italia (TIM)
7.1.4 Sitael SpA
7.1.5 Antech Space
7.1.6 Gomedia Satcom
7.1.7 Leaf Space
7.1.8 Airbus Italia SpA
7.1.9 Temix Communications
7.1.10 Milano Teleport SRL
- *List Not Exhaustive
8. INVESTMENT ANALYSIS
9. MARKET OPPORTUNITIES AND FUTURE TRENDS
Italy Satellite Communication Industry Segmentation
Satellite communication transfers 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-use industries such as Maritime, Defense & Government, Enterprises, and Media & Entertainment, among other end-users. The analysis is based on the market insights captured through secondary research and the primaries. The market 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 industries (maritime, defense & government, enterprises, media & entertainment, and other end-user industries). Common satellite communication services include voice calling and internet access for different applications. The market sizes and forecasts are provided regarding value (USD) for all the above segments.
The study tracks the key market parameters, underlying growth influencers, and major vendors operating in the industry, which supports the market estimations and growth rates over the forecast period. The study also tracks the revenue accrued through the sale of grown equipment and communication services used in various end-user industries across geography. In addition, the study provides the SATCOM market trends, along with key vendor profiles. The study further analyses the overall impact of COVID-19 on the ecosystem.
| By Type | |
| Ground Equipment | |
| Services |
| By Platform | |
| Portable | |
| Land | |
| Maritime | |
| Airborne |
| By End-user Vertical | |
| Maritime | |
| Defense and Government | |
| Enterprises | |
| Media and Entertainment | |
| Other End-user Verticals |
Frequently Asked Questions
What is the current Italy Satellite Communication Market size?
The Italy Satellite Communication Market is projected to register a CAGR of 11.05% during the forecast period (2024-2029)
Who are the key players in Italy Satellite Communication Market?
Thales Alenia Space , Viasat Group S.p.A, Telecom Italia (TIM), Sitael S.p.A. and Antech Space are the major companies operating in the Italy Satellite Communication Market.
What years does this Italy Satellite Communication Market cover?
The report covers the Italy Satellite Communication Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Italy Satellite Communication Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Italy Satellite Communication Industry Report
Statistics for the 2024 Italy Satellite Communication market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Italy Satellite Communication analysis includes a market forecast outlook to for 2024 to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
