Satellite Communication Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2021-2027

The global satellite communications market size was valued at USD 62.19 billion in 2019 and is projected to grow at a CAGR of 9% from 2021 to 2027. This is because oil and gas, energy, agriculture and defense across the globe are the major factors driving the market growth. Satellite communication refers to the transmission of signals in the form of modulated wave beams between transmitter and receiver antennas with the aid of satellites. These signals are amplified and transmitted back to the receiver antenna on the ground. Satellite communications (SATCOM) also plays an important role in increasing the communications technology infrastructure in rural areas.

Space Tourism Market- Segmentation

By Application

• Voice communication
• Broadcasting
• Data Communication

By Component

• Equipment
• Services

By End-Use Industry

• Maritime
• Aerospace and Defense
• Industrial
• Government
• Transportation and Logistics
• Media
• Others

Major Players

• SES S.A
• Viasat, Inc.
• Intelsat
• Telesat
• EchoStar Corporation
• L3 Technologies, Inc.
• Thuraya Telecommunications Company
• SKY Perfect JSAT Group
• GILAT SATELLITE NETWORKS
• Cobham Limited

Recent Developments

o Market Overview and growth analysis
o Import and Export Overview
o Volume Analysis
o Current Market Trends and Future Outlook
o Market Opportunistic and Attractive Investment Segment

Key Questions Answered by Satellite Communication Market Report

• What was the Satellite Communication Market in 2020 and 2021; what are the estimated growth trends and market forecast (2021-2027).
• What will be the CAGR of Satellite Communication Market during the forecast period (2021-2027)?
• Which segments (product type/applications/end-user) were most attractive for investments in 2018? How these segments are are expected to grow during the forecast period (2021-2027)?
• Which manufacturer/vendor/players in the Satellite Communication Market was the market leader in 2018?
• Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.