The global commercial satellite broadband market is expected to reach approximately USD 170 Million by the end of 2023 with approximate 10% CAGR during the forecast period from 2017 – 2023.
Commercial Satellite Broadband Market Research Report 2018 – Global Industry analysis by Key Companies, Type, Application, Market Share, Growth Rate, and Key Country forecast to 2023. Commercial Satellite Broadband Industry depth analysis is done for North America, Europe, APAC and Rest of the World. Commercial Satellite Broadband growing at rapid pace over the forecast period of 2018 to 2023.
The satellite broadband is the internet connectivity that is provided by the low earth orbiting or geostationary satellites. The satellite broadband connectivity is a costly option, but the cost is expected to decrease in the upcoming years due to advancements in the internet connectivity technology. However, the major issues that arise is the limitation of bandwidth which again gives rise to limited speeds and lags in the overall speed as data packets have to travel a huge distance. Although the satellite broadband market is expensive, the government and many independent organizations are making initiatives to launch an affordable and faster internet connectivity by introducing the pay per use plans, monthly plans and yearly plans.
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The market for global commercial satellite broadband is segmented on the basis of component, frequency band and end users. The market is expected to grow at a significant rate because of the advancements in the internet technology and growing demand of high speed, distortion less internet connectivity. The major factor that drive the market for commercial satellite broadband market is the global connectivity of the rural areas having limited or no internet connectivity. Also factors such as satellite reach as many users that are unserved or underserved by landline technology and satellite broadband can achieve a higher quality of service (QOS) for high bandwidth applications in some locations and with flexible data plans to improve the customer experience for satellite technology.
The global commercial satellite broadband market holds some of the prominent key vendors like Hughes Communications, Inc. (U.S.), ViaSat Inc.(U.S.), Eutelsat S.A.(France), Thaicom Public Company Limited (Thailand), EarthLink Holding Corp.(U.S.), Dish Network LLC (U.S.), Avonline Satellite Solutions Ltd (U.K), Speedcast International Limited (Australia), Skycasters LLC (U.S.), Inmarsat PLC (U.K), Iridium Communications Inc. (U.S.), and Globalstar, Inc. (U.S.).
Various aspects of the global commercial satellite market have been examined with respect to segments like component, frequency band, and end-users.
By component, the segments are satellite, gateway, antenna, modem, and network operations center (NOC). All of these components make an entire satellite broadband system. A satellite refers to a low earth-orbiting satellite that revolves around the earth and covers significant footprints. Gateways can be described as ground stations that help transmit data from the satellite to consumers and vice versa. The satellite system also consists of antennas that are the huge aperture dish fixed on the consumer side and a modem that helps transmit signals from the antenna to the end device such as a mobile or a computer. The component usage is mainly presented on the consumer side.
Depending on the frequency band, the market caters to Ka-band, Ku band, C band among others. More than half of the satellite communication takes place in these bands. However, among these, Ka-band dominates the market for the commercial satellite broadband on accounts of its rising adoption and higher data rates.
The end-users in the market are civil defense, hospitals, education, small and medium enterprises, government agencies and public safety. Out of these, hospitals, civil defense, and public safety turn have seized the largest portion of the market, since these are associated with emergency services.
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The geographical analysis of the commercial satellite broadband market covers North America, Europe, Asia Pacific (APAC) and the rest of the world (RoW).
North America and Europe are the top markets for commercial satellite broadband. Plummeting demand for corporate enterprise networks as well as consumer broadband combined with rising need for high-throughput connectivity in aviation and shipping are boosting the demand for the commercial broadband satellite services market in these regions. Mounting use of high throughput satellite (HTS) for broadband communication is anticipated to provide numerous opportunities for market growth in the near future.
APAC along with RoW is expected to note remarkable progress, with respect to surge in usage and application of the commercial satellite broadband. The regions comprise rural and least internet connectivity, which boosts product demand. In subsequent years, the market in these regions can enter an era of expansion, fueled by demand for elasticity in price-sensitive segments like consumer broadband access, inflight connectivity, cellular backhaul, and Wi-Fi hotspots.
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