Commercial Satellite Broadband Market Size, Trends, Growth, Share and Forecast to 2023
Commercial Satellite Broadband Market Scope
The Commercial Satellite Broadband Market 2020 can touch an approximate valuation of USD 170 million by 2023-end, speculates Market Research Future (MRFR). The global is also set to gather a decent growth rate of roughly 10% over the evaluation period (which is between 2017 and 2023). We will provide COVID-19 impact analysis with the report, along with all the key developments since the coronavirus disease outbreak.
Key Influencers and Top Barriers
The remote-work directives and school closures post the COVID-19 outbreak and the consequent lockdown imposed have resulted in a sudden boom in internet traffic. To fight against SARS-CoV-2, the uptake of digital technologies has increased considerably across the globe. During this period, commercial satellite broadband services are supplying countless businesses with essential internet access to business communication and collaboration tools, critical telehealth and government updates among other things.
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Commercial satellite broadband services are helping people remain connected with their doctors, customers, teachers, employers, families and friends. These services enable GPS navigation as well as timing, which is a great advantage for the mobile cellular phone sector as the spread of the novel coronavirus can be tracked worldwide. Many of the leading firms in the commercial satellite broadband market are now offering secure and remote methods of collecting onsite information while the consumption of entertainment platforms and television news has surged exponentially among those who are homebound.
The market benefits from the rising need to reach rural or remote locations where different types of connectivity are not able to reach. Although the commercial satellite broadband services are quite expensive, their costs are set to reduce in the years to come as a result of the increasing advancements and innovations in the internet connectivity technology. A majority of the industry leaders are continuously innovating in terms of the Ka frequency band, while launching more advanced commercial satellite broadband services to expand their product portfolio and boost their market position.
For instance, in July 2020, the China Great Wall Industry Corporation released the latest APStar-6D communications satellite, which is set to be used by APT Satellite Company Ltd. for various broadband applications. The launched satellite can be described as a Ka-band communications satellite that offers high performance broadband internet.
The commercial satellite broadband industry has been segregated with respect to component, frequency band and end – users.
The main components covered by MRFR experts include gateway, satellite, modem, network operations center (NOC) as well as antenna.
Depending on the frequency band, the market segmentation comprises Ku band, C band, Ka band, and more. The Ka frequency band observes higher adoption and provides better higher data rates, as a result of which it is currently leading the commercial satellite broadband market.
The key end users highlighted in the market study are hospitals, civil defense, small and medium enterprises, education, public safety as well as government agencies. Out of these, hospitals, public safety and civil defense can be the leading categories as these are associated with emergency services. The traditional wired and telephone line broadband are fast becoming obsolete and are being replaced by satellite broadband internet, since the form can be quite unusable during natural disasters.
The commercial satellite broadband market size has been reviewed thoroughly in the MRFR study, taking into account the primary regions of Europe, Asia Pacific/APAC, North America, and RoW/rest of the world.
Europe, along with North America, has become the global leader in the commercial satellite broadband market, given the presence of a highly extensive wired broadband industry and continuous developments in the internet technologies. The massive spending by internet operators and providers on the improvement of the operational efficiency and the existence of an elaborate satellite communication sector also benefit both the regional markets.
The APAC and RoW markets can observe considerable expansion in the coming years, as these regions consist of remote or rural locations that have low to negligible access to internet connectivity. Moreover, many of the prominent vendors in these regions are putting in intense efforts to develop advanced broadband satellite systems and services that can be used in diverse applications such as VoIP and video conference.
Significant Industry Vendors
Some of the most significant market vendors profiled in the study include Avonline Satellite Solutions Ltd (U.K.), Iridium Communications Inc. (U.S.), Globalstar, Inc. (U.S.), Skycasters LLC (U.S.), Inmarsat PLC (U.K.), Eutelsat S.A.(France), Speedcast International Limited (Australia), EarthLink Holding Corp.(U.S.), Thaicom Public Company Limited (Thailand), ViaSat Inc.(U.S.), Dish Network LLC (U.S.), Hughes Communications Inc (U.S.), to name a few.
July 2020: Hughes Network Systems LLC, a leading broadband satellite services provider has launched HughesNet for Business services in Mexico. These are high-speed commercial satellite broadband services that cater to small and medium-sized enterprises as well as micro enterprises, and also in areas where there is no access to cable and fiber internet.
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