Global Satellite Communication Market (2020 to 2027) - by Application, Component and End-use Industry - ResearchAndMarkets.com

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DUBLIN, Jun 21, 2021--(BUSINESS WIRE)--The "Satellite Communication Market by Application, Component and End-Use Industry: Global Opportunity Analysis and Industry Forecast, 2020-2027" report has been added to ResearchAndMarkets.com's offering.

Satellite communications is the technology applied in communication of data, voice, or video at low latency and high bandwidth over long distances by commercial, civil, and government agencies. The satellite communication is utilized in Very Small Aperture Terminal (VSAT) systems, Digital Satellite News Gathering (DSNG), Direct-to-Home (DTH) television broadcasting, and several other applications, owing to the coverage and outreach capacities of satellite communication systems.

Increase in Internet of Things (IoT) and autonomous systems and rise in demand for military and defense satellite communication solutions are expected to drive the global satellite communication market growth during the forecast period. However, cybersecurity threats to satellite communication and interference in satellite data transmission are anticipated to hamper the growth of the market during the forecast period. Moreover, technological advancements in satellite missions and deployment of 5G network through satellites are expected to offer lucrative opportunities for the market in the future.

The satellite communication market is segmented into application, component, end-use industry, and region. Based on the application, the market is segmented into voice communication, broadcasting, and data communication. Based on component, it is further divided into equipment and services. Based on end-use industry, the market is classified into maritime, aerospace & defense, industrial, government, transportation & logistics, and media. Region wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

Key Benefits

  • This study presents the analytical depiction of the global satellite communication market analysis along with the current trends and future estimations to depict imminent investment pockets.

  • The overall satellite communication market opportunity is determined by understanding profitable trends to gain a stronger foothold.

  • The report presents information related to the key drivers, restraints, and opportunities of the global satellite communication market with a detailed impact analysis.

  • The current satellite communication market is quantitatively analyzed from 2019 to 2027 to benchmark the financial competency.

  • Porter's five forces analysis illustrates the potency of the buyers and suppliers in the industry.

Market Dynamics

Drivers

  • Increase in Internet of Things (IoT) and autonomous systems

  • Rise in demand for military and defense satellite communication solutions

  • Increase in adoption of SATCOM equipment in online streaming services, radio and TV broadcast

Restraints

  • Cybersecurity threats to satellite communication

  • Interference in satellite data transmission

Opportunities

  • Technological advancements in satellite missions

  • Deployment of 5G network through satellites

Key Players

  • Al Yah Satellite Communication Company PJSC (Yahsat)

  • Cobham Ltd

  • EchoStar Corporation

  • General Dynamics Corporation

  • Gilat Satellite Networks Ltd.

  • Inmarsat Global Limited

  • L3Harris Technologies, Inc.

  • SES S.A.

  • SKY Perfect JSAT Holdings Inc.

  • Telesat Canada

  • Viasat, Inc.

For more information about this report visit https://www.researchandmarkets.com/r/otfb74

View source version on businesswire.com: https://www.businesswire.com/news/home/20210621005355/en/

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