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.
Get Free Sample Copy at: https://www.marketresearchfuture.com/sample_request/4691
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.
Segmental Analysis
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.
Regional Study
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.
Latest Updates
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.
Get Complete Report Details at: https://www.marketresearchfuture.com/reports/commercial-satellite-broadband-market-4691
About Market Research Future:
At
Market Research Future (MRFR), we enable our customers to unravel the
complexity of various industries through our Cooked Research Report (CRR), Half-Cooked
Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research
(CFR), and Market Research & Consulting Services.
Market Research Future
+1 646 845 9312
Email: sales@marketresearchfuture.com
No comments:
Post a Comment