PUBLISHER: Polaris Market Research | PRODUCT CODE: 1339202
PUBLISHER: Polaris Market Research | PRODUCT CODE: 1339202
The global satellite ground station market size is expected to reach USD 191.65 billion by 2032, according to a new study by Polaris Market Research. The report "Satellite Ground Station Market Share, Size, Trends, Industry Analysis Report, By Platform (Fixed, Portable, Mobile); By Function; By Frequency; By Orbit; By End User; By Solution; By Region; Segment Forecast, 2023 - 2032" gives a detailed insight into current market dynamics and provides analysis on future market growth.
The partnership between SES and TESAT for the development and integration of the Quantum Key Distribution (QKD) pay-load for the EAGLE-1 satellite is a driving force behind the growth of the Satellite Ground Station Market. The support of prominent organizations such as the European Space Agency & the European Commission highlights the significance of the EAGLE-1 initiative. Government backing and collaborative efforts contribute to the growth of the market by encouraging research, development, and deployment of advanced technologies in satellite communications.
According to Witan World between 2020 and 2025, the total demand for satellite data will increase at a 30% yearly rate. Over the next 20 years, the global market for new launch technologies for small satellites will be worth EUR 25 billion. The growing demand for satellite data, implies need for ground station infrastructure to receive, process, and distribute this data. Ground stations play a crucial role in collecting and transmitting satellite data, which is used for various applications such as Earth observation, climate monitoring, navigation, and telecommunications. As the demand for satellite data continues to rise, the need for ground stations to support data transmission and processing will also increase.
Fixed segment is anticipated to witness faster growth in the coming years due to increasing demand for global connectivity.
Communication segment accounted for the larger market share owing to the broad coverage and high capacity.
C-Band segment is projected to experience a larger revenue share due to the wide coverage and reliability interference mitigation.
Geostationary Earth Orbit (GEO) segment is expected to have higher growth owing to high capacity and bandwidth.
Commercial segment is expected to have significant growth due to increasing demand for commercial satellite services.
Ground Station as a Service segment is projected to experience significant revenue share owing to cost efficiency.
APAC is projected to register a higher growth rate owing to increasing space exploration activities.
North America is expected to grow larger revenue share owing to the rising international collaborations.
The global players include: Arab Satellite Communications Organization, Hispasat, MEASAT Satellite Systems, Optus Satellite, Sky Perfect JSAT, Sirius XM, ABS & Yahsat.
Polaris Market Research has segmented the satellite ground station market report based on platform, function, frequency, orbit, end user, solution and region: