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Incumbent players in the satellite communication market are experiencing challenges in retaining the revenue growth rates due to increased competition from terrestrial networks and excess in-orbit capacities leading to pricing pressures. Satellite communication ecosystem is going through a transformation phase with new entrants planning to offer innovative new space solutions, and existing participants are expanding their portfolio by investments in the downstream infrastructure and new space systems. It becomes very important to investigate and track the past and current state of the satellite communication market and forecast future scenarios. Many small satellite constellation operators have advanced in their development processes and plan to offer low-cost, affordable, global and seamless connectivity solution. This is leading to the change of focus from geostationary earth orbit to medium or low earth orbits for the communication services. The key value propositions of these low earth orbit–based constellation operators include affordable, global, seamless and low-latency services. Additionally, the exponential growth and advancements in the fiber-based network and technologies including compression technology are posing a challenge to the existing communication satellite operators. The incumbent players have identified these challenges and are re-visiting their existing business models to ensure a long-term sustainable growth. The major developments include high-throughput satellites, downstream turnkey and end-to-end solutions, ground station infrastructure, and investments in the new space businesses. The study tracks the past five years of financial behavior of the existing satellite operators and key market trends to forecast the satellite communication market revenues by services and regions from 2018 to 2025.
Product scope: Satellite communication market
Geographic scope: Global
End-user scope: Satellite communication operators, gateway operators, downstream connectivity service providers, launch service providers, satellite manufacturers, space agencies, investors and start-ups.
Key Issues Addressed
Author: Vivek Suresh prasad
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