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Broadband Satellite Services Market Trends

  • Report ID: GMI8513
  • Published Date: Mar 2024
  • Report Format: PDF

Broadband Satellite Services Market Trends

The broadband satellite services industry has witnessed significant technological advancements. Advancements such as Low-Earth Orbit (LEO) constellations bring satellites closer to Earth, drastically lowering signal travel time and providing latency comparable to fiber optic connections. This enhancement makes satellite internet suitable for real-time applications such as online gaming and video conferencing. New satellite technologies such as mesh networking and inter-satellite communication provide better data distribution and bandwidth allocation. This addresses the increased need for high-bandwidth activities such as high-definition video streaming and cloud storage access. Along with this, advances in signal processing techniques and error correction algorithms are resulting in more dependable connections with fewer disruptions caused by weather. This improves the overall user experience and aids in service uptime.

For instance, in September 2023, Nuvotronics introduced a new line of high-performance mmWave solutions aimed at addressing the growing commercial satellite market. The offerings include wideband filters, packaging solutions, power combiners, and state-of-the-art phased array antennas engineered to meet or exceed the stringent performance requirements of space-qualified applications. These innovations are designed to cater to the evolving needs of the commercial space and broadband satellite communications sector.

Authors: Preeti Wadhwani, Aishvarya Ambekar

Frequently Asked Questions (FAQ) :

The market size for broadband satellite services was valued at USD 3.2 billion in 2023 and is estimated to register over 7.5% CAGR between 2024 and 2032, owing to the growing demand for cost-effective internet in remote areas.

The geostationary orbit segment is expected to hold around 47% market share by 2032 as GEO satellites stay fixed relative to the Earth's surface, making signal gathering easier and eliminating the need for complicated tracking devices on user terminals.

North America Market is expected to be worth over USD 2 billion by 2032 owing to digital inclusion programs, government subsidies, and improvements in satellite technology.

Echostar, Eutelsat S.A., Globalstar, Inmarsat, Intelsat, Iridium, SES S.A., Starlink, Telesat, and ViaSat.

Broadband Satellite Services Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 20
  • Tables & Figures: 349
  • Countries covered: 25
  • Pages: 230
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