PUBLISHER: Lucintel | PRODUCT CODE: 1416507
PUBLISHER: Lucintel | PRODUCT CODE: 1416507
The future of the global satellite communication market looks promising with opportunities in the maritime, aerospace and defense, government, transportation and logistics, and media markets. The global satellite communication market is expected to reach an estimated $112.9 billion by 2030 with a CAGR of 13.0% from 2024 to 2030. The major drivers for this market are the increasing need for high-throughput satellite systems (HTS) in order to boost data speeds and capacity and growing usage of satellite communications in the defense and government.
A more than 150-page report is developed to help in your business decisions.
The study includes a forecast for the global satellite communication by type, end use industry, and region.
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies satellite communication companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the satellite communication companies profiled in this report include-
Lucintel forecasts that service is expected to witness highest growth over the forecast period.
Within this market, media and entertainment will remain the largest segment.
APAC is expected to witness highest growth over the forecast period.
Market Size Estimates: Satellite communication market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis:Satellite communication market size by type, end use industry, and region in terms of value ($B).
Regional Analysis: Satellite communication market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different type, end use industry, and regions for the satellite communication market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the satellite communication market.
Analysis of competitive intensity of the industry based on Porter's Five Forces model.
Q.1 What is the satellite communication market size?
Answer: The global satellite communication market is expected to reach an estimated $112.9 billion by 2030.
Q.2 What is the growth forecast for satellite communication market?
Answer: The global power electronic market is expected to grow with a CAGR of 13.0% from 2024 to 2030.
Q.3 What are the major drivers influencing the growth of the satellite communication market?
Answer: The major drivers for this market are the increasing need for high-throughput satellite systems (HTS) in order to boost data speeds and capacity and growing usage of satellite communications in the defense and government.
Q4. What are the major segments for satellite communication market?
Q5. Who are the key Satellite Communication Market companies?
Answer: Some of the key satellite communication companies are as follows:
Q6. Which satellite communication market segment will be the largest in future?
Answer: Lucintel forecasts that service is expected to witness highest growth over the forecast period.
Q7. In satellite communication market, which region is expected to be the largest in next 5 years?
Answer: APAC is expected to witness highest growth over the forecast period.
Q.8 Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.