Fixed Satellite Services Market Outlook 2031
The Fixed Satellite Services Market size was USD 19.92 Billion in 2022 and is likely to reach USD 30.90 Billion by 2031, expanding at a CAGR of 5% during the forecast period, 2023–2031. The growth of the market is attributed to continuous transferable of data to end users and wide employed for fixed satellite services utilizing low power output.
Furthermore, it offers low cost productivity, elevated reliability, and higher performance that are expected to foster the market growth during the forecast period. Fixed satellite services (FSS) is based on radio-frequencies that establish connection between earth stations at a particular location connected to a specified zone, which allow high-paced connectivity to its end-users.
The working of FSS is based on the bands including C-band (satellite connections for TV antennas), Ka-band (target radar of low range mainly for military, to detect motor speed), and X-band (weather forecasting, monitor air traffic, and aerospace tracking), which further provide excellent assistance to its present networking system. The service system also utilize several technology such as very small aperture terminus (VSAT) to increase connectivity level. In addition, the satellite service requires the movement of vehicle to carry heavy equipment.
Fixed Satellite Services Market Trends, Drivers, Restraints, and Opportunities
- Advancement of platforms such as DTH TV and rising numbers of HDTV connections, and broadband customers are expected to boost the market growth during the forecast period.
- Requirement of high capital investment and existing constant rivalry from cable networking services providing fiber-optic communication present key restraining factors that can hamper the market growth.
- High costs for installation of satellite in the orbital location and short numbers of orbital locations are key challenges anticipated to impede the market growth.
- Increasing demand of the FSS system from large companies and enterprises to ensure their customer broadband for high connectivity and effective communication. This is expected to drive the market growth.
- Growing needs for broadband connection, which can provide reusable frequencies & on-boarding procedure coupled with double proficiency factors are anticipated to provide immense opportunities for the market growth during the forecast period.
Scope of Fixed Satellite Services Market Report
The report on the global fixed satellite services market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
Fixed Satellite Services Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast
Service Types (TV Channel Broadcast, Backhaul & Trunking, Wholesale FSS, Enterprise & Broadband Network, Managed FSS, and Others), Size Types (Small & Medium Business, Small Office & Home Office, and Large Enterprises), and End-Users (Entertainment & Media, Education, Government, IT Sector, Retail, Oil & Gas, Aerospace & Defense, Logistics, and Healthcare)
Asia Pacific, North America, Latin America, Europe, and Middle East & Africa
Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
Key Players Covered in the Report
Embratel’s Star One, Eutelsat Communications, Thaicom Public Company Ltd., Space-Communications, Telesat Holdings, Nigerian Communications Satellites, Telenor Satellite Broadcasting, Singapore Telecommunication Ltd., and Arabsat.
Fixed Satellite Services Market Segment Insights
TV channel broadcast segment to account for a large share
Based on service types, the global fixed satellite services market is segregated into TV channel broadcast, backhaul & trunking, wholesale FSS, enterprise & broadband network, managed FSS, and others. The TV channel broadcast segment is projected to account for a large share in the coming years owing to wide adoption of FSS for various broadcasting purposes. Additionally, rising demand for effective TV channel broadcast due to wide use of the items in households.
Large enterprises segment to exhibit a substantial CAGR
On the basis of size types, the market is segmented into small & medium business, small office & home office, and large enterprises. The large enterprises segment is anticipated to exhibit a substantial CAGR during the forecast period owing to the extensive use of the satellite service for various digital applications by major business organizations. Increasing spending to enhance the broadband networks from large enterprises present another key driver for the segment expansion.
Aerospace & defense segment is expected to grow at a rapid pace
Based on end-users, the global fixed satellite services market is divided into entertainment & media, education, government, IT sector, retail, oil & gas, aerospace & defense, logistics, and healthcare. The aerospace & defense segment accounted for a key share of the market in 2020 and is anticipated to expand at a rapid pace during the forecast period.
Governments across the globe are increasingly spending a huge sum of money for the modernization of civil aviation, military, regulation of air traffic, and usage for defense track to prevent from security threats. This is expected to boost the segment expansion.
North America is projected to account for a key share
In terms of regions, the market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. North America is estimated to account for a significant share during the forecast period. Rising number of broadband service users, media & entertainment, and government agencies that allow easy access to utilize Ka-band for their network are key drivers for the regional market growth.
On the other hand, the market in Asia Pacific is projected to hold a substantial market share in the coming years due to the wide existence of a large consumer base and rising adoption of broadband service in the region.
The global fixed satellite services market has been segmented on the basis of
- TV Channel Broadcast
- Backhaul & Trunking
- Wholesale FSS
- Enterprise & Broadband Network
- Managed FSS
- Small & Medium Business
- Small Office & Home Office
- Large Enterprises
- Entertainment & Media
- IT Sector
- Oil & Gas
- Aerospace & Defense
- Asia Pacific
- North America
- Latin America
- Middle East & Africa
Key players competing in the global fixed satellite services market are Embratel’s Star One, Eutelsat Communications, Thaicom Public Company Ltd., Space-Communications, Telesat Holdings, Nigerian Communications Satellites, Telenor Satellite Broadcasting, Singapore Telecommunication Ltd., and Arabsat. Some of these players are actively considering to adopt several market strategies including mergers, acquisitions, partnerships, collaborations, capacity expansion, and product launches to enhance their market shares.