Satellite Communication Market
Satellite Communication Market Study by Equipment and Services for Asset Monitoring, Airtime, Drones Connectivity, Data Backup & Recovery, Navigation & Monitoring, and Others from 2024 to 2034
Analysis of Satellite Communication Market Covering 30+ Countries Including Analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
Satellite Communication Market Outlook (2024 to 2034)
With Earth’s orbit filling up with satellites, the communication game has gone up a notch. As such, the global satellite communication market size is poised to reach a valuation of US$ 92.3 billion in 2024 and climb to US$ 214.6 billion by 2034, expanding at a CAGR of 8.8% between 2024 and 2034.
Market growth is being complemented by increasing need for high-throughput satellite communication systems that produce maximized capacity and data speeds in comparison to conventional satellite systems. High-throughput satellite communication systems enhance the efficiency of data transmission, as they are superior for bandwidth-intensive apps such as IoT connectivity, remote sensors, and video streaming.
Growing preference for satellite communication systems in both government and defense sectors is heavily contributing to market growth worldwide. Government-controlled sectors are effectively transcending their operational endeavors while creating undeniable dependency on ISR platforms, sensor data, and more. These platforms provide seamless sharing of the latest HD videos and various other valuable data extracted from RPAS.
Satellite communication providers are increasingly adopting cutting-edge technologies such as AI, which is enabling the entry of intelligent transport systems. These satellite systems enable real-time vehicle tracking, providing for rapid exchange of data between users and freight operators.
Satellite communication in transportation provides a perpetual and flawless data transfer process through vehicles and transport hubs at the same time eliminating the dependency on terrestrial networks. As a result, satellite deployment in transport and logistics networks ensures promising growth for the market in the forecasted period. The satellite communication market is expanding substantially across the world alongside the mobile satellite services market, the all-electric satellites market, and more.
| Report Attributes | Details |
|---|---|
| Satellite Communication Market Size (2024E) | US$ 92.3 Billion |
| Projected Market Value (2034F) | US$ 214.6 Billion |
| Global Market Growth Rate (2024 to 2034) | 8.8% CAGR |
| China Market Value (2034F) | US$ 23.5 Billion |
| Canada Market Growth Rate (2024 to 2034) | 9.3% CAGR |
| North America Market Share (2024E) | 23.9% |
| East Asia Market Value (2034F) | US$ 49.6 Billion |
| Key Companies Profiled | Intelsat; Telesat; Thales Group; Viasat Inc.; Honeywell International Inc; Cobham Limited; Gilat Satellite Networks; EchoStar Corporation |
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What are the Satellite Communication Market Trends to Watch Out For?
“Increasing Production of Small Satellites Worldwide”
Growing demand for satellite miniaturization is driven by the ability of small-sized satellites to perform every function of conventional satellites within the same cost. This drives the viability of developing and launching small satellite constellations in several regions. The United States alone accounts for 43.2% satellite communication market share in North America due to increasing production of small satellites in recent years.
China holds 47.3% market share of the East Asia market in 2024 due to the heightened need for nano and microsatellites in the nation. From 2016 to 2022, over 185 of these satellites were launched by various players through several constellations in the East Asia region including Japan and India. China is making substantial investments to bolster its capabilities in space-related endeavors.
What are the Main Hindrances to Market Growth?
“Stringent Government Policies and Regulations Restricting Satellite Communication Usage”
Several government policies and regulations significantly influence the use of satellite communication in various regions. Few governments might impose restrictions that reduce the need the specific frequency bands without license. For example, in certain countries, the government closely monitors and manages the allocation of frequency bands to prevent interference with other government-operated communication systems.
Restrictions minimize the enduring potential of the market for satellite communication providers. It is crucial to keep track of these regulations and policies as they frequently evolve and can be influenced by factors such as geopolitics.
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Country-wise Insights
Fact.MR, a market research and competitive intelligence provider, asserts through its newly published analysis that East Asia is projected to hold 22.4% of the global market share by 2034. Satellite communication providers are available in several regions globally, including Southeast Asia, Central and South America, and Australia. This has enabled market players to meet the growing demand and reduce dependence on specific sourcing locations.
Which Factors Enable the United States to Claim a Leading Market Share?
“Rising Adoption of Data-intensive Applications and Focus on Enhancing Defense Capabilities”
| Attribute | United States |
|---|---|
| Market Value (2024E) | US$ 9.8 Billion |
| Growth Rate (2024 to 2034) | 9.2% CAGR |
| Projected Value (2034F) | US$ 23.8 billion |
The growing preference for satellite communication in the United States could be associated with various interlinked factors facilitating technological advancements and an emphasis on improved connectivity. The adoption of data-driven applications such as HD video streaming, private vehicles, and the IoT demands expansive and widespread communication facilities. Satellites provide reliable and effective solutions to address rising data demands while offering flawless connectivity through several remote areas worldwide.
The focus on enhancing defense capabilities has led the United States to invest in satellite systems for reliant and resilient communication. The perpetual application of satellite services in multiple sectors such as agriculture, environmental observation, and disaster rescue highlights the versatile features of satellite technology. The United States' prioritization of innovation and its well-established global connectivity are leading to a demand for satellite communication services. This plays a crucial part in shaping the future of communication within the country.
Which Strategies are Supporting Market Expansion in China?
“Partnerships with Established Businesses to Gauge Evolving Consumer Demand”
| Attribute | China |
|---|---|
| Market Value (2024E) | US$ 10.1 Billion |
| Growth Rate (2024 to 2034) | 9.8% CAGR |
| Projected Value (2034F) | US$ 23.5 Billion |
Satellite communication providers in China strive to spread their market presence by collaborating with local manufacturers and adopting technological advancements. Partnering with renowned businesses in China enables global manufacturers to understand the local market effectively and sort insights regarding evolving consumer demand, thus helping build better relationships.
Introducing customization in products and services to address Chinese consumers' specific preferences is leading to market growth. The adoption of real-time technological advancements is a key factor because the Chinese market is increasingly led by e-commerce and various digital platforms. By embracing digital marketing and smart technologies, manufacturers can cater to the needs of tech-savvy Chinese consumers.
Category-wise Insights
Which Component Occupies a Leading Market Share?
“Crucial Role of Satellite Communication Services in Efficient Data Transmission”
| Attribute | Services |
|---|---|
| Segment Value (2024E) | US$ 55.4 Billion |
| Growth Rate (2024 to 2034) | 8.1% CAGR |
| Projected Value (2034F) | US$ 120.18 Billion |
Satellite communication services account for 60% market share in 2024. The importance of these services in various sectors is resulting in demand for seamless solutions and operational support. Satellite communication services include several offerings such as managed services, network consulting, maintenance, and customer support. As businesses and governments lean more on satellite technology for diverse applications such as telecommunications, broadcasting, and remote sensing, the demand for specialized and reliable services has increased.
Service providers play a crucial role in ensuring seamless connectivity, efficient data transmission, and the overall operational effectiveness of satellite communication systems. This dominance of services in the market underscores the recognition that successful satellite communication goes beyond hardware and infrastructure, emphasizing the critical role of ongoing, high-quality services to meet the evolving needs of a connected world.
Where is There High Adoption of Satellite Communication Solutions?
“Extensive Adoption of Satellite Communication Solutions in Broadcasting”
| Attribute | Broadcasting |
|---|---|
| Segment Value (2024E) | US$ 26.78 Billion |
| Growth Rate (2024 to 2034) | 8.5% CAGR |
| Projected Value (2034F) | US$ 60.5 Billion |
The broadcasting segment is estimated to hold 29% market share in 2024. Growing demand for satellite communication solutions in radio and subscription-based television applications is driving satellite communication market growth. Satellite communication can effectively facilitate flawless integration in remote areas, but the rising usage of OTT services may limit the expansion of the market.
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Competitive landscape highlights only certain players
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Competitive Landscape
The market growth is being driven by several factors, including evolving consumer preferences, technological advancements, and global economic conditions. Key players in the satellite communication industry include Intelsat, Telesat, Thales Group, Viasat Inc., Honeywell International Inc., Cobham Limited, Gilat Satellite Networks, and EchoStar Corporation.
Companies are actively engaging in strategic measures, including expanding capacities, conducting research and development initiatives, and forming collaborations, to establish a competitive edge. Companies are consistently dedicated to providing satellite communication with an emphasis on meeting evolving industry demands and securing a forefront position in the market.
- In 2023, SpaceX successfully launched the Jupiter 3 satellite developed by Hughes Network Systems, adding 500 Gbps capacity to North and Latin American regions.
Key Segments of Satellite Communication Market Research
-
By Component :
- Equipment
- Services
-
By Application :
- Asset Tracking/Monitoring
- Airtime
- Drone Communication
- Data Backup & Recovery
- Navigation & Monitoring
- Telemedicine
- Broadcasting
-
By Vertical :
- Energy & Utility
- Government & Defense
- Transport & Cargo
- Maritime
- Mining and Oil & Gas
- Agriculture
- Communication Companies
- Corporates/Enterprises
- Media & Broadcasting
-
By Region :
- North America
- Latin America
- Europe
- East Asia
- South Asia & Oceania
- Middle East & Africa
Table of Content
- 1. Global Market - Executive Summary
- 2. Global Market Overview
- 3. Market Background and Foundation Data Points
- 4. Global Market Demand (US$ Mn) Analysis 2018 to 2023 and Forecast, 2024 to 2034
- 5. Global Market Analysis 2018 to 2023 and Forecast 2024 to 2034, By Component
- 5.1. Equipment
- 5.2. Services
- 6. Global Market Analysis 2018 to 2023 and Forecast 2024 to 2034, by Application
- 6.1. Asset Tracking/Monitoring
- 6.2. Airtime
- 6.3. Drone Communication
- 6.4. Data Backup & Recovery
- 6.5. Navigation & Monitoring
- 6.6. Telemedicine
- 6.7. Broadcasting
- 7. Global Market Analysis 2018 to 2023 and Forecast 2024 to 2034, by Vertical
- 7.1. Energy & Utility
- 7.2. Government & Defense
- 7.3. Transport & Cargo
- 7.4. Maritime
- 7.5. Mining and Oil & Gas
- 7.6. Agriculture
- 7.7. Communication Companies
- 7.8. Corporates/Enterprises
- 7.9. Media & Broadcasting
- 8. Global Market Analysis 2018 to 2023 and Forecast 2024 to 2034, by Region
- 8.1. North America
- 8.2. Latin America
- 8.3. Europe
- 8.4. East Asia
- 8.5. South Asia & Oceania
- 8.6. Middle East and Africa (MEA)
- 9. North America Market Analysis 2018 to 2023 and Forecast 2024 to 2034
- 10. Latin America Market Analysis 2018 to 2023 and Forecast 2024 to 2034
- 11. Europe Market Analysis 2018 to 2023 and Forecast 2024 to 2034
- 12. East Asia Market Analysis 2018 to 2023 and Forecast 2024 to 2034
- 13. South Asia & Oceania Market Analysis 2018 to 2023 and Forecast 2024 to 2034
- 14. Middle East and Africa Market Analysis 2018 to 2023 and Forecast 2024 to 2034
- 15. Market Structure Analysis
- 16. Competition Analysis
- 16.1. Intelsat
- 16.2. Telesat
- 16.3. Thales Group
- 16.4. Viasat Inc.
- 16.5. Honeywell International Inc
- 16.6. Cobham Limited
- 16.7. Gilat Satellite Networks
- 16.8. EchoStar Corporation
- 17. Assumptions and Acronyms Used
- 18. Research Methodology
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List Of Table
Table 01: Global Market Value (US$ Mn) Analysis, by Component, 2018 to 2023
Table 02: Global Market Value (US$ Mn) Analysis, by Component, 2024 to 2034
Table 03: Global Market Value (US$ Mn) Opportunity Analysis, by Component, 2024 to 2034
Table 04: Global Market Value (US$ Mn) Analysis, by Application, 2018 to 2023
Table 05: Global Market Value (US$ Mn) Analysis, by Application, 2024 to 2034
Table 06: Global Market Value (US$ Mn) Opportunity Analysis, by Application, 2024 to 2034
Table 07: Global Market Value (US$ Mn) Analysis, by Vertical, 2018 to 2023
Table 08: Global Market Value (US$ Mn) Analysis, by Vertical, 2024 to 2034
Table 09: Global Market Value (US$ Mn) Opportunity Analysis, by Vertical, 2024 to 2034
Table 10: Global Market Value (US$ Mn) Analysis, by Region, 2018 to 2023
Table 11: Global Market Value (US$ Mn) Analysis, by Region, 2024 to 2034
Table 12: Global Market Value (US$ Mn) Opportunity Analysis, by Region, 2024 to 2034
Table 13: North America Market Value (US$ Mn) Analysis, by Country, 2018 to 2023
Table 14: North America Market Value (US$ Mn) Analysis, by Country, 2024 to 2034
Table 15: North America Market Value (US$ Mn) Opportunity Analysis, by Country, 2024 to 2034
Table 16: North America Market Value (US$ Mn) Analysis, by Component, 2018 to 2023
Table 17: North America Market Value (US$ Mn) Analysis, by Component, 2024 to 2034
Table 18: North America Market Value (US$ Mn) Opportunity Analysis, by Component, 2024 to 2034
Table 19: North America Market Value (US$ Mn) Analysis, by Application, 2018 to 2023
Table 20: North America Market Value (US$ Mn) Analysis, by Application, 2024 to 2034
Table 21: North America Market Value (US$ Mn) Opportunity Analysis, by Application, 2024 to 2034
Table 22: North America Market Value (US$ Mn) Analysis, by Vertical, 2018 to 2023
Table 23: North America Market Value (US$ Mn) Analysis, by Vertical, 2024 to 2034
Table 24: North America Market Value (US$ Mn) Opportunity Analysis, by Vertical, 2024 to 2034
Table 25: Latin America Market Value (US$ Mn) Analysis, by Country, 2018 to 2023
Table 26: Latin America Market Value (US$ Mn) Analysis, by Country, 2024 to 2034
Table 27: Latin America Market Value (US$ Mn) Opportunity Analysis, by Country, 2024 to 2034
Table 28: Latin America Market Value (US$ Mn) Analysis, by Component, 2018 to 2023
Table 29: Latin America Market Value (US$ Mn) Analysis, by Component, 2024 to 2034
Table 30: Latin America Market Value (US$ Mn) Opportunity Analysis, by Component, 2024 to 2034
Table 31: Latin America Market Value (US$ Mn) Analysis, by Application, 2018 to 2023
Table 32: Latin America Market Value (US$ Mn) Analysis, by Application, 2024 to 2034
Table 33: Latin America Market Value (US$ Mn) Opportunity Analysis, by Application, 2024 to 2034
Table 34: Latin America Market Value (US$ Mn) Analysis, by Vertical, 2018 to 2023
Table 35: Latin America Market Value (US$ Mn) Analysis, by Vertical, 2024 to 2034
Table 36: Latin America Market Value (US$ Mn) Opportunity Analysis, by Vertical, 2024 to 2034
Table 37: Europe Market Value (US$ Mn) Analysis, by Country, 2018 to 2023
Table 38: Europe Market Value (US$ Mn) Analysis, by Country, 2024 to 2034
Table 39: Europe Market Value (US$ Mn) Opportunity Analysis, by Country, 2024 to 2034
Table 40: Europe Market Value (US$ Mn) Analysis, by Component, 2018 to 2023
Table 41: Europe Market Value (US$ Mn) Analysis, by Component, 2024 to 2034
Table 42: Europe Market Value (US$ Mn) Opportunity Analysis, by Component, 2024 to 2034
Table 43: Europe Market Value (US$ Mn) Analysis, by Application, 2018 to 2023
Table 44: Europe Market Value (US$ Mn) Analysis, by Application, 2024 to 2034
Table 45: Europe Market Value (US$ Mn) Opportunity Analysis, by Application, 2024 to 2034
Table 46: Europe Market Value (US$ Mn) Analysis, by Vertical, 2018 to 2023
Table 47: Europe Market Value (US$ Mn) Analysis, by Vertical, 2024 to 2034
Table 48: Europe Market Value (US$ Mn) Opportunity Analysis, by Vertical, 2024 to 2034
Table 49: East Asia Market Value (US$ Mn) Analysis, by Country, 2018 to 2023
Table 50: East Asia Market Value (US$ Mn) Analysis, by Country, 2024 to 2034
Table 51: East Asia Market Value (US$ Mn) Opportunity Analysis, by Country, 2024 to 2034
Table 52: East Asia Market Value (US$ Mn) Analysis, by Component, 2018 to 2023
Table 53: East Asia Market Value (US$ Mn) Analysis, by Component, 2024 to 2034
Table 54: East Asia Market Value (US$ Mn) Opportunity Analysis, by Component, 2024 to 2034
Table 55: East Asia Market Value (US$ Mn) Analysis, by Application, 2018 to 2023
Table 56: East Asia Market Value (US$ Mn) Analysis, by Application, 2024 to 2034
Table 57: East Asia Market Value (US$ Mn) Opportunity Analysis, by Application, 2024 to 2034
Table 58: East Asia Market Value (US$ Mn) Analysis, by Vertical, 2018 to 2023
Table 59: East Asia Market Value (US$ Mn) Analysis, by Vertical, 2024 to 2034
Table 60: East Asia Market Value (US$ Mn) Opportunity Analysis, by Vertical, 2024 to 2034
Table 61: South Asia & Oceania Market Value (US$ Mn) Analysis, by Country, 2018 to 2023
Table 62: South Asia & Oceania Market Value (US$ Mn) Analysis, by Country, 2024 to 2034
Table 63: South Asia & Oceania Market Value (US$ Mn) Opportunity Analysis, by Country, 2024 to 2034
Table 64: South Asia & Oceania Market Value (US$ Mn) Analysis, by Component, 2018 to 2023
Table 65: South Asia & Oceania Market Value (US$ Mn) Analysis, by Component, 2024 to 2034
Table 66: South Asia & Oceania Market Value (US$ Mn) Opportunity Analysis, by Component, 2024 to 2034
Table 67: South Asia & Oceania Market Value (US$ Mn) Analysis, by Application, 2018 to 2023
Table 68: South Asia & Oceania Market Value (US$ Mn) Analysis, by Application, 2024 to 2034
Table 69: South Asia & Oceania Market Value (US$ Mn) Opportunity Analysis, by Application, 2024 to 2034
Table 70: South Asia & Oceania Market Value (US$ Mn) Analysis, by Vertical, 2018 to 2023
Table 71: South Asia & Oceania Market Value (US$ Mn) Analysis, by Vertical, 2024 to 2034
Table 72: South Asia & Oceania Market Value (US$ Mn) Opportunity Analysis, by Vertical, 2024 to 2034
Table 73: MEA Market Value (US$ Mn) Analysis, by Country, 2018 to 2023
Table 74: MEA Market Value (US$ Mn) Analysis, by Country, 2024 to 2034
Table 75: MEA Market Value (US$ Mn) Opportunity Analysis, by Country, 2024 to 2034
Table 76: MEA Market Value (US$ Mn) Analysis, by Component, 2018 to 2023
Table 77: MEA Market Value (US$ Mn) Analysis, by Component, 2024 to 2034
Table 78: MEA Market Value (US$ Mn) Opportunity Analysis, by Component, 2024 to 2034
Table 79: MEA Market Value (US$ Mn) Analysis, by Application, 2018 to 2023
Table 80: MEA Market Value (US$ Mn) Analysis, by Application, 2024 to 2034
Table 81: MEA Market Value (US$ Mn) Opportunity Analysis, by Application, 2024 to 2034
Table 82: MEA Market Value (US$ Mn) Analysis, by Vertical, 2018 to 2023
Table 83: MEA Market Value (US$ Mn) Analysis, by Vertical, 2024 to 2034
Table 84: MEA Market Value (US$ Mn) Opportunity Analysis, by Vertical, 2024 to 2034
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List Of Figures
Figure 01: Global Market Value (US$ Mn) Historical Analysis, 2018 to 2023
Figure 02: Global Market Value (US$ Mn) Forecast and Analysis, 2024 to 2034
Figure 03: Global Market Value Y-o-Y Growth and Forecast, 2018 to 2034
Figure 04: Global Market Incremental $ Opportunity, 2024 to 2034
Figure 05: Global Market Share and BPS Analysis by Component, 2024 & 2034
Figure 06: Global Market Y-o-Y Growth Projections by Component, 2024 to 2034
Figure 07: Global Market Attractiveness Analysis by Component, 2024 to 2034
Figure 08: Global Market Share and BPS Analysis by Application, 2024 & 2034
Figure 09: Global Market Y-o-Y Growth Projections by Application, 2024 to 2034
Figure 10: Global Market Attractiveness Analysis by Application, 2024 to 2034
Figure 11: Global Market Share and BPS Analysis by Vertical, 2024 & 2034
Figure 12: Global Market Y-o-Y Growth Projections by Vertical, 2024 to 2034
Figure 13: Global Market Attractiveness Analysis by Vertical, 2024 to 2034
Figure 14: Global Market Share and BPS Analysis by Region, 2024 & 2034
Figure 15: Global Market Y-o-Y Growth Projections by Region, 2024 to 2034
Figure 16: Global Market Attractiveness Analysis by Region, 2024 to 2034
Figure 17: North America Market Value (US$ Mn) Historical Analysis, 2018 to 2023
Figure 18: North America Market Value (US$ Mn) Forecast and Analysis, 2024 to 2034
Figure 19: North America Market Value Y-o-Y Growth and Forecast, 2034
Figure 20: North America Market Incremental $ Opportunity, 2024 to 2034
Figure 21: North America Market Share Analysis by Country, 2024 & 2034
Figure 22: North America Market Y-o-Y Growth Projection by Country, 2024 to 2034
Figure 23: North America Market Attractiveness Analysis by Country, 2024 to 2034
Figure 24: North America Market Share and BPS Analysis by Component, 2024 & 2034
Figure 25: North America Market Y-o-Y Growth Projections by Component, 2024 to 2034
Figure 26: North America Market Attractiveness Analysis by Component, 2024 to 2034
Figure 27: North America Market Share and BPS Analysis by Application, 2024 & 2034
Figure 28: North America Market Y-o-Y Growth Projections by Application, 2024 to 2034
Figure 29: North America Market Attractiveness Analysis by Application, 2024 to 2034
Figure 30: North America Market Share and BPS Analysis by Vertical, 2024 & 2034
Figure 31: North America Market Y-o-Y Growth Projections by Vertical, 2024 to 2034
Figure 32: North America Market Attractiveness Analysis by Vertical, 2024 to 2034
Figure 33: Latin America Market Value (US$ Mn) Historical Analysis, 2018 to 2023
Figure 34: Latin America Market Value (US$ Mn) Forecast and Analysis, 2024 to 2034
Figure 35: Latin America Market Value Y-o-Y Growth and Forecast, 2018 to 2034
Figure 36: Latin America Market Incremental $ Opportunity, 2024 to 2034
Figure 37: Latin America Market Share Analysis by Country, 2024 & 2034
Figure 38: Latin America Market Y-o-Y Growth Projection by Country, 2024 to 2034
Figure 39: Latin America Market Attractiveness Analysis by Country, 2024 to 2034
Figure 40: Latin America Market Share and BPS Analysis by Component, 2024 & 2034
Figure 41: Latin America Market Y-o-Y Growth Projections by Component, 2024 to 2034
Figure 42: Latin America Market Attractiveness Analysis by Component, 2024 to 2034
Figure 43: Latin America Market Share and BPS Analysis by Application, 2024 & 2034
Figure 44: Latin America Market Y-o-Y Growth Projections by Application, 2024 to 2034
Figure 45: Latin America Market Attractiveness Analysis by Application, 2024 to 2034
Figure 46: Latin America Market Share and BPS Analysis by Vertical, 2024 & 2034
Figure 47: Latin America Market Y-o-Y Growth Projections by Vertical, 2024 to 2034
Figure 48: Latin America Market Attractiveness Analysis by Vertical, 2024 to 2034
Figure 49: Europe Market Value (US$ Mn) Historical Analysis, 2018 to 2023
Figure 50: Europe Market Value (US$ Mn) Forecast and Analysis, 2024 to 2034
Figure 51: Europe Market Value Y-o-Y Growth and Forecast, 2018 to 2034
Figure 52: Europe Market Incremental $ Opportunity, 2024 to 2034
Figure 53: Europe Market Share Analysis by Country, 2024 & 2034
Figure 54: Europe Market Y-o-Y Growth Projection by Country, 2024 to 2034
Figure 55: Europe Market Attractiveness Analysis by Country, 2024 to 2034
Figure 56: Europe Market Share and BPS Analysis by Component, 2024 & 2034
Figure 57: Europe Market Y-o-Y Growth Projections by Component, 2024 to 2034
Figure 58: Europe Market Attractiveness Analysis by Component, 2024 to 2034
Figure 59: Europe Market Share and BPS Analysis by Application, 2024 & 2034
Figure 60: Europe Market Y-o-Y Growth Projections by Application, 2024 to 2034
Figure 61: Europe Market Attractiveness Analysis by Application, 2024 to 2034
Figure 62: Europe Market Share and BPS Analysis by Vertical, 2024 & 2034
Figure 63: Europe Market Y-o-Y Growth Projections by Vertical, 2024 to 2034
Figure 64: Europe Market Attractiveness Analysis by Vertical, 2024 to 2034
Figure 65: East Asia Market Value (US$ Mn) Historical Analysis, 2018 to 2023
Figure 66: East Asia Market Value (US$ Mn) Forecast and Analysis, 2024 to 2034
Figure 67: East Asia Market Value Y-o-Y Growth and Forecast, 2018 to 2034
Figure 68: East Asia Market Incremental $ Opportunity, 2024 to 2034
Figure 69: East Asia Market Share Analysis by Country, 2024 & 2034
Figure 70: East Asia Market Y-o-Y Growth Projection by Country, 2024 to 2034
Figure 71: East Asia Market Attractiveness Analysis by Country, 2024 to 2034
Figure 72: East Asia Market Share and BPS Analysis by Component, 2024 & 2034
Figure 73: East Asia Market Y-o-Y Growth Projections by Component, 2024 to 2034
Figure 74: East Asia Market Attractiveness Analysis by Component, 2024 to 2034
Figure 75: East Asia Market Share and BPS Analysis by Application, 2024 & 2034
Figure 76: East Asia Market Y-o-Y Growth Projections by Application, 2024 to 2034
Figure 77: East Asia Market Attractiveness Analysis by Application, 2024 to 2034
Figure 78: East Asia Market Share and BPS Analysis by Vertical, 2024 & 2034
Figure 79: East Asia Market Y-o-Y Growth Projections by Vertical, 2024 to 2034
Figure 80: East Asia Market Attractiveness Analysis by Vertical, 2024 to 2034
Figure 81: South Asia & Oceania Market Value (US$ Mn) Historical Analysis, 2018 to 2023
Figure 82: South Asia & Oceania Market Value (US$ Mn) Forecast and Analysis, 2024 to 2034
Figure 83: South Asia & Oceania Market Value Y-o-Y Growth and Forecast, 2018 to 2034
Figure 84: South Asia & Oceania Market Incremental $ Opportunity, 2024 to 2034
Figure 85: South Asia & Oceania Market Share Analysis by Country, 2024 & 2034
Figure 86: South Asia & Oceania Market Y-o-Y Growth Projection by Country, 2024 to 2034
Figure 87: South Asia & Oceania Market Attractiveness Analysis by Country, 2024 to 2034
Figure 88: South Asia & Oceania Market Share and BPS Analysis by Component, 2024 & 2034
Figure 89: South Asia & Oceania Market Y-o-Y Growth Projections by Component, 2024 to 2034
Figure 90: South Asia & Oceania Market Attractiveness Analysis by Component, 2024 to 2034
Figure 91: South Asia & Oceania Market Share and BPS Analysis by Application, 2024 & 2034
Figure 92: South Asia & Oceania Market Y-o-Y Growth Projections by Application, 2024 to 2034
Figure 93: South Asia & Oceania Market Attractiveness Analysis by Application, 2024 to 2034
Figure 94: South Asia & Oceania Market Share and BPS Analysis by Vertical, 2024 & 2034
Figure 95: South Asia & Oceania Market Y-o-Y Growth Projections by Vertical, 2024 to 2034
Figure 96: South Asia & Oceania Market Attractiveness Analysis by Vertical, 2024 to 2034
Figure 97: MEA Market Value (US$ Mn) Historical Analysis, 2018 to 2023
Figure 98: MEA Market Value (US$ Mn) Forecast and Analysis, 2024 to 2034
Figure 99: MEA Market Value Y-o-Y Growth and Forecast, 2018 to 2034
Figure 100: MEA Market Incremental $ Opportunity, 2024 to 2034
Figure 101: MEA Market Share Analysis by Country, 2024 & 2034
Figure 102: MEA Market Y-o-Y Growth Projection by Country, 2024 to 2034
Figure 103: MEA Market Attractiveness Analysis by Country, 2024 to 2034
Figure 104: MEA Market Share and BPS Analysis by Component, 2024 & 2034
Figure 105: MEA Market Y-o-Y Growth Projections by Component, 2024 to 2034
Figure 106: MEA Market Attractiveness Analysis by Component, 2024 to 2034
Figure 107: MEA Market Share and BPS Analysis by Application, 2024 & 2034
Figure 108: MEA Market Y-o-Y Growth Projections by Application, 2024 to 2034
Figure 109: MEA Market Attractiveness Analysis by Application, 2024 to 2034
Figure 110: MEA Market Share and BPS Analysis by Vertical, 2024 & 2034
Figure 111: MEA Market Y-o-Y Growth Projections by Vertical, 2024 to 2034
Figure 112: MEA Market Attractiveness Analysis by Vertical, 2024 to 2034
Know thy Competitors
Competitive landscape highlights only certain players
Complete list available upon request
- FAQs -
How big is the satellite communication market size in 2024?
The global satellite communication market stands at US$ 92.3 billion in 2024.
What is the projected revenue from satellite communication solution sales by 2034?
By 2034, worldwide revenue from satellite communication solutions is projected to reach US$ 214.6 billion.
How fast are satellite communication solution sales projected to rise?
Sales of satellite communication solutions are forecasted to increase at an 8.8% CAGR through 2034.
What is the demand projection for satellite communication in North America?
Demand for satellite communication solutions in North America is forecasted to increase at 9% CAGR from 2024 to 2034.
At what rate is the market projected to expand in East Asia?
The East Asia market is projected to expand at a CAGR of 9.1% from 2024 to 2034.
At what pace are satellite communication solution sales forecasted to increase in Japan?
Sales of satellite communication solutions are forecasted to rise at a CAGR of 9.3% in Japan.
Satellite Communication Market