About Satellite-Based Connectivity
Satellite-based connectivity is defined as the internet access provided through communications satellites. It is used in various applications such as communication, mapping and navigation, earth observation and remote sensing, scientific research, biological experiments, among others. There are two types of services such as one-way satellite communication link service and two-way satellite communication link service. one-way satellite communication link service include broadcasting satellite services, space operations services, radio determination satellite, among others.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The key players are targeting the innovations of the Solutions with better quality, better technical characteristics, and assist in providing and humanizing the after-sale service to the consumers. The key players are probable to keep a stronghold on the market over the anticipated period. The key players are accepting strategic decisions and are thinking upon mergers and acquisitions in order to maintain their presence in the market. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Satellite-Based Connectivity market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Eutelsat (France), Intelsat Corporation, Viasat, Inc. (United States), Inmarsat plc (United Kingdom), Telesat (Canada), Space Exploration Technologies Corp. (United States), OneWeb (United States), Sky and Space Global (Australia), Kepler Communication (Canada) and NSLComm (Israel) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Fleet Space (Australia), Astrocast (Switzerland) and Others.
Segmentation Overview
AMA Research has segmented the market of Global Satellite-Based Connectivity market by , Application (Communication, Mapping and Navigation, Earth Observation and Remote Sensing, Scientific Research, Biological Experiments and Others) and Region.
On the basis of geography, the market of Satellite-Based Connectivity has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Industry Vertical , the sub-segment i.e. Government will boost the Satellite-Based Connectivity market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Service Type, the sub-segment i.e. One-Way Satellite Communication Link Service {Broadcasting satellite services, Space operations services, Radio determination satellite} will boost the Satellite-Based Connectivity market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Technology Advancement in Satellite-Based Connectivity
Market Growth Drivers:
Increasing usage of satellite-based connectivity in various application and rising demand from government & Civil & Defense are some of the major factors which affects the growth of the market in the future.
Challenges:
Increasing capital and funding of satellite manufacturing & launch and concerns related to space debris are some of the major challenges existing in global satellite-based connectivity market.
Restraints:
Some of the major problems such as low available bandwidth & poor quality of voice and data in inadequate signal conditions are anticipated to restrain growth in the foreseeable future.
Opportunities:
Government’s initiative to implement satellite-based connectivity services and growing demand from the emerging markets will create new opportunities for market expansion.
Market Leaders and their expansionary development strategies
In March 2024, Iridium Communications has acquired Positioning Navigation and Timing (PNT) provider Satelles. It is Iridium’s first acquisition in its 36-year history. The satellite company this month announced that it had entered into an agreement to acquire Satelles, Inc., a provider of satellite-based time and location services akin to GPS and other GNSS-reliant systems.
In April 2018, the Lockheed Martin Corporation (United States) Company and Rovsing Company has collaborated to bring better solar simulators in the market to service the growing demand for a range of spacecraft sizes across the world. Hence, this collaboration will enhance market growth.
Key Target Audience
Satellite-Based Connectivity Companies, Research and Development (R&D) Companies, Research Organization, Federal Agencies and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.