Market Size of UAE Satellite Communication Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Market Size (2024) | USD 0.82 Billion |
| Market Size (2029) | USD 1.23 Billion |
| CAGR (2024 - 2029) | 7.02 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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UAE Satellite Communication Market Analysis
The UAE Satellite Communication Market size is estimated at USD 0.82 billion in 2024, and is expected to reach USD 1.23 billion by 2029, growing at a CAGR of 7.02% during the forecast period (2024-2029).
- The UAE satellite communications market is driven by the increasing demand for reliable and high-speed communications networks, the increasing development of low Earth orbit (LEO) satellites by leading market vendors, and the rising demand from various end-user industries.
- The COVID-19 pandemic has negatively affected the satellite communication industry in UAE owing to the supply chain disruptions and production challenges due to the lockdowns. However, satellite communications technology, including that deployed by the UAE's operators, has already played a pivotal role in the ability to host webinars, virtual gatherings, and meetings during COVID-19.
- The UAE satellite communication industry has witnessed substantial growth in the past few years with innovative launches coupled with growing demand from the country's public and private sectors for satellite communication services. According to the data from the TDRA, the UAE operates nine satellites and provides Mobile Satellite Service, Fixed Satellite Service, Broadcasting Satellite Service, and Remote Sensing services.
- Moreover, with the rising demand for enhanced connectivity, as technologies like IoT, AI, and blockchain are gaining significant traction in end-user industries, satellite connectivity can empower communities and businesses in the rapidly evolving digital landscape. Thus providing growth prospects for the studied market in the coming years.
- Further, factors like the growing demand for mobile broadband and the growing use of smartphones and smart wearable devices, coupled with the widespread adoption of 5G in the country, are expected to aid the growth of the market studied. Market vendors are indulging in the launch of innovative solutions, thus positively impacting the market's growth.
- For instance, in March 2023, Etisalat in the United Arab Emirates (UAE) launched the country's first 5G satellite communications solution in collaboration with Eutelsat. Etisalat has implemented Eutelsat's latesQuantum Ku-band satellite technology with the recently installed state-of-the-art Newtech Dialog Hub, enhancing the mobile network capability.
