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.
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.
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