The Business Research Company’s report on the Fixed Satellite Services Market provides insights into the global market size, growth rate, regional distribution, competitive landscape, key segments, emerging trends, and strategic opportunities.
#How have key drivers contributed to the rapid growth of the fixed satellite services market?
The increasing penetration of 5G is expected to propel the growth of the fixed satellite services market going forward. 5G refers to a mobile network that is of the fifth generation. The rollout of 5G networks boosts demand for fixed satellite services by enabling faster and more dependable connectivity in urban and rural areas, driving up the need for backhaul solutions to connect 5G base stations with central networks, and encouraging the expansion of satellite-based broadband services to close the digital divide. For instance, in May 2023, according to Telefonaktiebolaget LM Ericsson, a Sweden-based telecommunications company, 5G mobile subscriptions increased from 0.54 billion in 2021 to 0.951 billion in 2022. Furthermore, it is expected that in 2028, 4.624 billion 5G mobile subscriptions will be in place, up from 1.481 billion in 2023. Therefore, the increasing 5G penetration drives the fixed satellite services market.
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How has the fixed satellite services market size evolved, and what are the latest forecasts for its expansion?
The fixed satellite services market size has grown steadily in recent years. It will grow from $22.43 billion in 2024 to $23.51 billion in 2025 at a compound annual growth rate (CAGR) of 4.8%. The growth in the historic period can be attributed to growing demand for communication services, expansion of broadcasting services, geopolitical factors, increased demand for satellite backhaul, and emergence of direct-to-home (DTH) broadcasting
The fixed satellite services market size is expected to see strong growth in the next few years. It will grow to $30.95 billion in 2029 at a compound annual growth rate (CAGR) of 7.1%. The growth in the forecast period can be attributed to increasing demand for high-throughput satellites (HTS), expansion of satellite broadband services, rising demand for mobility solutions, growth in remote sensing applications, development of small satellite constellations, government investments in satellite infrastructure. Major trends in the forecast period include adoption of software-defined satellite technology, rise of satellite-as-a-service models, integration of artificial intelligence in satellite systems, focus on sustainable satellite manufacturing, emergence of high-frequency satellite bands.
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Which major companies dominate the fixed satellite services market?
Major companies operating in the fixed satellite services market include General Dynamics Corporation, Embratel, Cobham Limited, EchoStar Satellite Services LLC, Hughes Network Systems LLC, Singapore Telecommunications Limited, Intelsat S.A, SES SA, Inmarsat Global Limited, Eutelsat Communications S.A, Telesat Holdings Inc., Iridium Communications Inc., Telespazio S.p.A., Arqiva Ltd., Globecast, Hispasat SA, Globalstar Inc., Encompass Digital Media Inc., Arab Satellite Communications Organization, Thaicom Public Company Limited, Nigerian Communications Satellite Limited, ABS Global Ltd., Liquid Intelligent Technologies, Avanti Communications Group plc, Gazprom Space Systems, Russian Satellite Communications Company, MEASAT Global Bhd, Telstra Group Limited, Singapore Telecommunications Ltd. (Singtel), DU Emirates Integrated Telecommunications Corp.
What trends will shape the future of the fishing reels market?
Strategic partnerships are a key trend gaining popularity in the fixed satellite services market. Major companies operating in the fixed satellite services market are forming partnerships to develop a new relationship in which two or more organizations develop fixed satellite technological services. For instance, in February 2022, Intelsat S.A., a US-based provider of satellite services, partnered with Sky Perfect JSAT Corporation., a Japan-based broadcasting company, to expand high-throughput satellite capacity by utilizing its JCSAT-1C high-throughput satellites (HTS), which are part of the next-generation constellation, over the Asia region. The partnership is expected to increase revenue, expand the product portfolio, enter new markets, and strengthen the company’s competitive position.
Which region dominates the fixed satellite services market, and what factors contribute to its leadership?
North America was the largest region in the fixed satellite services market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the fixed satellite services market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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How is the fixed satellite services market segmented, and which segment holds the largest share?
The fixed satellite services market covered in this report is segmented –
1) By Service Type: Channel Broadcast, Wholesale, Audiovisual Contribution And Distribution, Broadband And Enterprise Network, Backhaul Services, Managed Services, Other Service Types
2) By Organization Size: Small Office And Home Office, Small And Medium Businesses, Large Enterprises
3) By Industry Vertical: Government, Education, Aerospace And Defense, Retail, Oil And Gas, Telecom And Information Technology, Media And Entertainment, Other Industry Verticals
Subsegments:
1) By Channel Broadcast: Direct-To-Home (DTH) Services, Television And Radio Broadcasting
2) By Wholesale: Capacity Leasing, Wholesale Bandwidth Services
3) By Audiovisual Contribution And Distribution: Live Event Coverage, Content Contribution Services
4) By Broadband And Enterprise Network: Internet Access Services, Private Network Solutions
5) By Backhaul Services, Mobile Backhaul, Data Transport Services
6) By Managed Services: Network Management, System Integration
7) By Other Service Types: Specialized Applications, Government And Military Services
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How is the fixed satellite services market defined?
Fixed satellite services refer to satellite communication services that provide a stable and reliable connection between fixed points on the Earth’s surface. These services establish communication links between selected locations, such as homes, businesses, offices, and other fixed infrastructure.
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