The global satellite services market in 2022 was valued at US$134.48 billion. The market is expected to reach US$160.57 billion by 2028. Satellite services means mobile wireless voice and data services (other than multi-channel video services and data services reasonably ancillary thereto) provided, via fixed or non-geostationary satellite. Satellite services can fill in the gaps in areas where terrestrial systems are not viable and help realize the vision of communications services available everywhere in the nation.
Satellite services are used for various applications such as agriculture, maritime, defense & security, automotive & transportation, among others. The rising desire for high-speed uninterrupted internet connectivity, which is being supported by the global digitization of all private and government activities, is also a major reason behind the rising requirement of satellite services. Therefore, expanding demand for uninterrupted internet is one of the main factors that would drive the demand for satellite services in the forthcoming years. The market is expected to grow at a CAGR of approx. 3% during the forecasted period of 2022-2028.
Market Segmentation Analysis:
- By Type: The report provides the bifurcation of the market into five segments based on the types: Consumer Services, Fixed Satellite Services, Mobile Satellite Services, Remote Sensing, and Space Flight Management Services. In 2022, Consumer services held a major share in the market. On the other hand, mobile satellite services segment is expected to grow at the highest CAGR in the forthcoming years as these are rapidly being used in a range of applications, including telecommunication, weather prediction, and navigation, military intelligence, and space exploration. Increase in demand for portability, advancement of digital technology and growing demand of mobility are some of the factors boosting the growth of mobile satellite services market.
- By End Use: The report further provides the segmentation based on the end use: Media & Entertainment, Defense, Retail & Enterprise, Government, Aerospace, Aviation, and Others. The media & entertainment segment held the highest share in the market. The market's expansion is aided by the increasing demand for satellite television services in developing economies such as China, India, Brazil and others and rising use of Internet-based services such as live streaming, high-definition broadcasting, and video on demand.
- By Region: The report provides insight into the satellite services market based on the regions North America, Europe, Asia Pacific, and Latin America, Middle East & Africa. North America held the major share in the market owing to the surging usage of satellite communication services for IoT, as well as in the disaster management areas in the region. The US market dominated the region due to the healthy growth remote sensing and fixed satellite services segment in the region.
- In Europe, Germany is the dominating region. Whereas, in the Asia Pacific region, China dominated the market owing to the growing number of airports plays a vital role in installing aviation satellite communication terminals and increasing use of surveillance and communication satellites to offer enhanced safety and communication.
Market Dynamics:
- Growth Drivers: The global satellite services market has been growing over the past few years, due to factors such as rising demand for earth observation services, expanding demand for uninterrupted internet, growing adoption of DTH subscriptions and HDTV channels, flourishing media and entertainment industry, increasing deployment of small satellites, increasing investment in military satellite communication solutions, and many other factors. Earth observation satellites enable environmental monitoring and protection, resource management, humanitarian response, and sustainable development (EO satellites). High need for disaster management, agriculture, mapping, and natural resources survey drives the need for earth observation services in numerous sectors such as oil & gas, civil engineering, agriculture, and others, which results in increasing demand for satellite services, thus driving the overall market growth.
- Challenges: However, the market has been confronted with some challenges specifically, intensifying cyber-security concerns, lack of dedicated launch vehicles for small satellites, emerging issues regarding space debris, etc.
- Trends: The market is projected to grow at a fast pace during the forecast period, due to various latest trends such as rising implementation of IoT and autonomous systems, ongoing development of smart cities, deployment of 5G networks through satellites, etc. Additionally, the ongoing development of smart cities is one of the most significant drivers for satellite services, as it helps in the development of high degree of connectivity they need. Moreover, the emerging development of the 5G satellite to support 5G network deployment is expected to offer lucrative opportunities for the satellite services market in the future.
Impact Analysis of COVID-19 and Way Forward:
The COVID-19 pandemic has hampered mission deployments along with slowing down the new product deliveries due to disruption of the supply chain. The temporary lockdown of various design, development, and manufacturing facilities with limited operational launch stations has limited the market growth during pandemic. The satellite service operator has experienced difficulties with the COVID-19 pandemic, as customers and partners have had delays in completing projects and making payments.
Competitive Landscape:
The global satellite services market is fragmented, with key players operating on global and regional levels. The key players in the global satellite services market are:
- SES S.A.
- Viasat Inc.
- EchoStar Corporation
- Telesat
- Eutelsat Communications S.A.
- Al Yah Satellite Communications Company P.J.S.C. (Thuraya Telecommunications Company)
- The Sky Perfect JSAT Group
- Gilat Satellite Networks
- Intelsat S.A.
- L3Harris Technologies, Inc.
- Globalstar Inc.
- Inmarsat
- Iridium Communications, Inc.
Some of the strategies among key players in the market for satellite servicess are platform development and strategic alliances to expand their respective portfolios and gain a robust footing in the global market. For instance, in February 2022, Intelsat, which is the world's largest integrated satellite operator, expanded its collaboration with SKY Perfect JSAT Corporation to employ its next-generation JCSAT-1C High-throughput Satellites (HTS) over Asia-Pacific. The partnership helps airlines and customers promote a superior passenger experience onboard aircraft through faster Internet connection speeds. On the other hand, in January 2022, Intelsat and Gilat Satellite Networks expanded their strategic partnership in commercial aviation. Intelsat will use Gilat’s SkyEdge II-c system to expand commercial and business aviation services in Asia-Pacific.
Table of Contents
1. Executive Summary
2. Introduction
2.1 Satellite Services: An Overview
2.1.2 Major Services Provided by Satellites
2.2 Satellite Services Segmentation: An Overview
2.2.1 Satellite Services Segmentation
3. Global Market Analysis
3.1 Global Satellite Services Market: An Analysis
3.1.1 Global Satellite Services Market: An Overview
3.1.2 Global Satellite Services Market by Value
3.1.3 Global Satellite Services Market by Type
3.1.4 Global Satellite Services Market by End Use
3.1.5 Global Satellite Services Market by Region
3.2 Global Satellite Services Market: Type Analysis
3.2.1 Global Satellite Services Market by Type: An Overview
3.2.2 Global Consumer Satellite Services Market by Value
3.2.3 Global Fixed Satellite Services Market by Value
3.2.4 Global Mobile Satellite Services Market by Value
3.2.5 Global Mobile Satellite Service Market by Service Type
3.2.6 Global Mobile Satellite Service Type Market by Value
3.2.7 Global Remote Sensing Satellite Services Market by Value
3.2.8 Global Space Flight Management Satellite Services Market by Value
3.3 Global Satellite Services Market: End-Use Analysis
3.3.1 Global Satellite Services Market by End Use: An Overview
3.3.2 Global Media & Entertainment Satellite Services Market by Value
3.3.3 Global Defense Satellite Services Market by Value
3.3.4 Global Retail & Enterprise Satellite Services Market by Value
3.3.5 Global Government Satellite Services Market by Value
3.3.6 Global Aerospace Satellite Services Market by Value
3.3.7 Global Aviation Satellite Services Market by Value
3.3.8 Global Others Satellite Services Market by Value
4. Regional Market Analysis
4.1 North America Satellite Services Market: An Analysis
4.1.1 North America Satellite Services Market: An Overview
4.1.2 North America Satellite Services Market by Value
4.1.3 North America Satellite Services Market by Region
4.1.4 The US Satellite Services Market by Value
4.1.5 Canada Satellite Services Market by Value
4.1.6 Mexico Satellite Services Market by Value
4.2 Europe Satellite Services Market: An Analysis
4.2.1 Europe Satellite Services Market: An Overview
4.2.2 Europe Satellite Services Market by Value
4.2.3 Europe Satellite Services Market by Region
4.2.4 Germany Satellite Services Market by Value
4.2.5 United Kingdom Satellite Services Market by Value
4.2.6 France Satellite Services Market by Value
4.2.7 Spain Satellite Services Market by Value
4.2.8 Rest of Europe Satellite Services Market by Value
4.3 Asia Pacific Satellite Services Market: An Analysis
4.3.1 Asia Pacific Satellite Services Market: An Overview
4.3.2 Asia Pacific Satellite Services Market by Value
4.3.3 Asia Pacific Satellite Services Market by Region
4.3.4 China Satellite Services Market by Value
4.3.5 Japan Satellite Services Market by Value
4.3.6 India Satellite Services Market by Value
4.3.7 South Korea Satellite Services Market by Value
4.3.8 Australia Satellite Services Market by Value
4.3.9 Rest of Asia Pacific Satellite Services Market by Value
4.4 LAMEA Satellite Services Market: An Analysis
4.4.1 LAMEA Satellite Services Market: An Overview
4.4.2 LAMEA Satellite Services Market by Value
5. Impact of COVID
5.1 Impact of COVID-19 on Global Satellite Services Market
5.2 Post-COVID-19 Impact
6. Market Dynamics
6.1 Growth Drivers
6.1.1 Rising Demand for Earth Observation Services
6.1.2 Expanding Demand for Uninterrupted Internet
6.1.3 Growing Adoption of DTH Subscriptions & HDTV Channels
6.1.4 Flourishing Media and Entertainment Industry
6.1.5 Increased Deployment of Small Satellites
6.1.6 Increasing Investment in Military Satellite Communication Solutions
6.1.7 Growing Applications in Mining & Construction
6.2 Challenges
6.2.1 Intensifying Cyber-Security Concerns
6.2.2 Lack of Dedicated Launch Vehicles for Small Satellites
6.2.3 Emerging Issues Regarding Space Debris
6.3 Market Trends
6.3.1 Rising Implementation of IoT and Autonomous Systems
6.3.2 Ongoing Development of Smart Cities
6.3.3 Surging Penetration of AI, ML and Cloud Computing in the Space Sector
6.3.4 Deployment of 5G Networks Through Satellites
6.3.5 Growing Relationship Between Space and Climate Change
7. Competitive Landscape
7.1 Global Satellite Services Market: Recent Satellite Transactions
7.2 Global Satellite Services Market: Satellite Launch Schedule
8. Company Profiles
8.1 SES S.A.
8.1.1 Business Overview
8.1.2 Operating Segments
8.1.3 Business Strategy
8.2 Viasat Inc.
8.2.1 Business Overview
8.2.2 Operating Segments
8.2.3 Business Strategy
8.3 EchoStar Corporation
8.3.1 Business Overview
8.3.2 Operating Segments
8.3.3 Business Strategy
8.4 Telesat
8.4.1 Business Overview
8.4.2 Operating Segments
8.4.3 Business Strategy
8.5 Eutelsat Communications S.A.
8.5.1 Business Overview
8.5.2 Operating Regions
8.5.3 Business Strategy
8.6 Al Yah Satellite Communications Company P.J.S.C. (Thuraya Telecommunications Company)
8.6.1 Business Overview
8.6.2 Operating Segments
8.6.3 Business Strategy
8.7 The SKY Perfect JSAT Group
8.7.1 Business Overview
8.7.2 Operating Segments
8.7.3 Business Strategy
8.8 Gilat Satellite Networks
8.8.1 Business Overview
8.8.2 Operating Segment
8.8.3 Business Strategy
8.9 Intelsat S.A.
8.9.1 Business Overview
8.9.2 Business Strategy
8.10 L3Harris Technologies, Inc.
8.10.1 Business Overview
8.10.2 Business Strategy
8.11 Globalstar, Inc.
8.11.1 Business Overview
8.11.2 Business Strategy
8.12 Inmarsat
8.12.1 Business Overview
8.12.2 Business Strategy
8.13 Iridium Communications, Inc.
8.13.1 Business Overview
8.13.2 Business Strategy
List of Figures
Figure 1: Services Provided by Satellites
Figure 2: Satellite Services Segmentation
Figure 3: Global Satellite Services Market by Value; 2018-2022 (US$ Billion)
Figure 4: Global Satellite Services Market by Value; 2023-2028 (US$ Billion)
Figure 5: Global Satellite Services Market by Type; 2022 (Percentage, %)
Figure 6: Global Satellite Services Market by End Use; 2022 (Percentage, %)
Figure 7: Global Satellite Services Market by Region; 2022 (Percentage, %)
Figure 8: Global Consumer Satellite Services Market by Value; 2018-2022 (US$ Billion)
Figure 9: Global Consumer Satellite Services Market by Value; 2023-2028 (US$ Billion)
Figure 10: Global Fixed Satellite Services Market by Value; 2018-2022 (US$ Billion)
Figure 11: Global Fixed Satellite Services Market by Value; 2023-2028 (US$ Billion)
Figure 12: Global Mobile Satellite Services Market by Value; 2018-2022 (US$ Billion)
Figure 13: Global Mobile Satellite Services Market by Value; 2023-2028 (US$ Billion)
Figure 14: Global Mobile Satellite Services Market by Service Type; 2022 (Percentage, %)
Figure 15: Global Mobile Satellite Service Type Market by Value; 2018-2022 (US$ Billion)
Figure 16: Global Mobile Satellite Service Type Market by Value; 2023-2028 (US$ Billion)
Figure 17: Global Remote Sensing Satellite Services Market by Value; 2018-2022 (US$ Billion)
Figure 18: Global Remote Sensing Satellite Services Market by Value; 2023-2028 (US$ Billion)
Figure 19: Global Space Flight Management Satellite Services Market by Value; 2018-2022 (US$ Billion)
Figure 20: Global Space Flight Management Satellite Services Market by Value; 2023-2028 (US$ Billion)
Figure 21: Global Media & Entertainment Satellite Services Market by Value; 2018-2022 (US$ Billion)
Figure 22: Global Media & Entertainment Satellite Services Market by Value; 2023-2028 (US$ Billion)
Figure 23: Global Defense Satellite Services Market by Value; 2018-2022 (US$ Billion)
Figure 24: Global Defense Satellite Services Market by Value; 2023-2028 (US$ Billion)
Figure 25: Global Retail & Enterprise Satellite Services Market by Value; 2018-2022 (US$ Billion)
Figure 26: Global Retail & Enterprise Satellite Services Market by Value; 2023-2028 (US$ Billion)
Figure 27: Global Government Satellite Services Market by Value, 2018-2022 (US$ Billion)
Figure 28: Global Government Satellite Services Market by Value, 2023-2028 (US$ Billion)
Figure 29: Global Aerospace Satellite Services Market by Value; 2018-2022 (US$ Billion)
Figure 30: Global Aerospace Satellite Services Market by Value; 2023-2028 (US$ Billion)
Figure 31: Global Aviation Satellite Services Market by Value; 2018-2022 (US$ Billion)
Figure 32: Global Aviation Satellite Services Market by Value; 2023-2028 (US$ Billion)
Figure 33: Global Others Satellite Services Market by Value; 2018-2022 (US$ Billion)
Figure 34: Global Others Satellite Services Market by Value; 2023-2028 (US$ Billion)
Figure 35: North America Satellite Services Market by Value; 2018-2022 (US$ Billion)
Figure 36: North America Satellite Services Market by Value; 2023-2028 (US$ Billion)
Figure 37: North America Satellite Services Market by Region; 2022 (Percentage,%)
Figure 38: The US Satellite Services Market by Value; 2018-2022 (US$ Billion)
Figure 39: The US Satellite Services Market by Value; 2023-2028 (US$ Billion)
Figure 40: Canada Satellite Services Market by Value; 2018-2022 (US$ Billion)
Figure 41: Canada Satellite Services Market by Value; 2023-2028 (US$ Billion)
Figure 42: Mexico Satellite Services Market by Value; 2018-2022 (US$ Billion)
Figure 43: Mexico Satellite Services Market by Value; 2023-2028 (US$ Billion)
Figure 44: Europe Satellite Services Market by Value; 2018-2022 (US$ Billion)
Figure 45: Europe Satellite Services Market by Value; 2023-2028 (US$ Billion)
Figure 46: Europe Satellite Services Market by Region; 2022 Percentage,%)
Figure 47: Germany Satellite Services Market by Value; 2018-2022 (US$ Billion)
Figure 48: Germany Satellite Services Market by Value; 2023-2028 (US$ Billion)
Figure 49: United Kingdom Satellite Services Market by Value; 2018-2022 (US$ Billion)
Figure 50: United Kingdom Satellite Services Market by Value; 2023-2028 (US$ Billion)
Figure 51: France Satellite Services Market by Value; 2018-2022 (US$ Billion)
Figure 52: France Satellite Services Market by Value; 2023-2028 (US$ Billion)
Figure 53: Spain Satellite Services Market by Value; 2018-2022 (US$ Billion)
Figure 54: Spain Satellite Services Market by Value; 2023-2028 (US$ Billion)
Figure 55: Rest of Europe Satellite Services Market by Value; 2018-2022 (US$ Billion)
Figure 56: Rest of Europe Satellite Services Market by Value; 2023-2028 (US$ Billion)
Figure 57: Asia Pacific Satellite Services Market by Value; 2018-2022 (US$ Billion)
Figure 58: Asia Pacific Satellite Services Market by Value; 2023-2028 (US$ Billion)
Figure 59: Asia Pacific Satellite Services Market by Region; 2022 (Percentage,%)
Figure 60: China Satellite Services Market by Value; 2018-2022 (US$ Billion)
Figure 61: China Satellite Services Market by Value; 2023-2028 (US$ Billion)
Figure 62: Japan Satellite Services Market by Value; 2018-2022 (US$ Billion)
Figure 63: Japan Satellite Services Market by Value; 2023-2028 (US$ Billion)
Figure 64: India Satellite Services Market by Value; 2018-2022 (US$ Billion)
Figure 65: India Satellite Services Market by Value; 2023-2028 (US$ Billion)
Figure 66: South Korea Satellite Services Market by Value; 2018-2022 (US$ Billion)
Figure 67: South Korea Satellite Services Market by Value; 2023-2028 (US$ Billion)
Figure 68: Australia Satellite Services Market by Value; 2018-2022 (US$ Billion)
Figure 69: Australia Satellite Services Market by Value; 2023-2028 (US$ Billion)
Figure 70: Rest of Asia Pacific Satellite Services Market by Value; 2018-2022 (US$ billion)
Figure 71: Rest of Asia Pacific Satellite Services Market by Value; 2023-2028 (US$ Billion)
Figure 72: LAMEA Satellite Services Market by Value; 2018-2022 (US$ Billion)
Figure 73: LAMEA Satellite Services Market by Value; 2023-2028 (US$ Billion)
Figure 74: Global Earth Observation Data & Services Market; 2017-2025 (US$ Billion)
Figure 75: Global Direct-to-Home (DTH) Services Market; 2020-2025 (US$ Billion)
Figure 76: Global Entertainment and Media Market; 2018-2026 (US$ Trillion)
Figure 77: Global Small Satellites Launch Projection; 2020-2028
Figure 78: Number of Wide-Area and Short-Range IoT Devices Worldwide; 2018-2026 (Billion)
Figure 79: Global Smart City Revenue; 2020-2025 (US$ Billion)
Figure 80: SES S.A. Revenue by Segment; 2022 (Percentage, %)
Figure 81: Viasat Inc. Total Revenues by Segment; 2022 (Percentage, %)
Figure 82: EchoStar Corporation Total Revenue by Segment; 2022 (Percentage, %)
Figure 83: Telesat Satellite Services Revenue by Business Categories; 2021 (Percentage, %)
Figure 84: Eutelsat Communications S.A. Revenue by Region; 2022 (Percentage, %)
Figure 85: Al Yah Satellite Communications Company P.J.S.C. Total Revenue by Segment; 2022 (Percentage, %)
Figure 86: The SKY Perfect JSAT Group Total Revenue by Segment; 2022 (Percentage, %)
Figure 87: Gilat Satellite Networks Revenue by Segment; 2022 (Percentage, %)
Table 1: Present-day Satellite Internet Providers
Table 2: Global Satellite Services Market: Recent Satellite Transactions
Table 3: Global Satellite Services Market: Satellite Launch Schedule
Companies Mentioned
- SES S.A.
- Viasat Inc.
- EchoStar Corporation
- Telesat
- Eutelsat Communications S.A.
- Al Yah Satellite Communications Company P.J.S.C. (Thuraya Telecommunications Company)
- The Sky Perfect JSAT Group
- Gilat Satellite Networks
- Intelsat S.A.
- L3Harris Technologies, Inc.
- Globalstar Inc.
- Inmarsat
- Iridium Communications, Inc.
Methodology
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 161 |
| Published | April 2023 |
| Forecast Period | 2023 - 2028 |
| Estimated Market Value ( USD | $ 138.51 Billion |
| Forecasted Market Value ( USD | $ 160.57 Billion |
| Compound Annual Growth Rate | 3.0% |
| Regions Covered | Global |
| No. of Companies Mentioned | 13 |
