Satellite Internet Market Is Projected To Reach US$ 6 Billion by 2031

The satellite internet market is expected to surpass a market valuation of US$ 6 Billion and expand at a CAGR of more than 8% during the forecast period, 2021-2031.

In an increasingly interconnected world, the satellite internet market has emerged as a transformative force, bridging the digital divide and expanding internet access to remote and underserved regions.

For more insights into the Market, Request a Sample of this Report:
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Competitive landscape:

Companies from the United States, Canada, Russia, China, India, and Europe are running the next space race in the commercial field. Companies such as SpaceX, Telesat, LeoSat, OnWEeb, Kepler, SES (O3b), Space Norway, and many others are a few of the frontrunners. Recently, Amazon and Facebook have also announced their entry into this field.

·         Starlink (SpaceX)

As per reports, in 2018 March, SpaceX received its FCC approval for the launch of a 4,425 satellite constellation with both, Ku- and Ka-band. Further, in November 2018, they received approval for more 7,518 satellites that use V-band.

·         OneWeb

OneWeb is a company with the second-highest number of satellites launched in space, with 254 in total, as of July 2021. OneWeb is joint venture between Airbus and OneWeb. The company was founded in 2012, and raised over US$ 3 Bn.

Their aim is to place 650 satellites in space LEO for providing high-speed internet connectivity across the globe, which will match terrestrial fiber-optic networks. Softbank was one of the prominent investors in this organization, backing their approach for the deployment of satellite internet. Yet, the company faced difficulty in raising capital and filed for bankruptcy in March 2020. But after finding two investors, they came out of bankruptcy.

·         Telesat

Canadian Telesat started its operations in 1969, and they carry strategic experience in satellite communication. The company started planning for satellite internet in 2016 and announced that they will be launching around 120 satellites. Then later, in 2018, they launched their first LEO satellite and began testing in 2021.

Key Segments :

  • By Frequency Band :
  • L-band
  • C-band
  • Ka-band
  • Ku-band
  • S-band
  • X-band
  • By Bandwidth (Tbps) :
  • Less than 15 Tbps
  • 15-20 Tbps
  • Above 20 Tbps
  • By Orbit (Km) :
  • Less Than 600 km
  • 600-1200 km
  • Above 1200 km
  • By End User :
  • Transportation
  • Ships
  • Trains
  • Aircraft
  • Others
  • Military
  • Residential
  • Enterprises
  • Telecommunication Industry
  • Others
  • By Region :
  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia and Oceania
  • MEA

For in-depth competitive analysis, Buy Now:
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Growth Trends in the Satellite Internet Market

  1. Global Coverage Expansion: One of the primary drivers of the satellite internet market's growth is its ability to provide internet coverage to remote and rural areas that lack access to traditional broadband services. Satellite internet has the potential to connect even the most isolated communities, effectively narrowing the digital divide.
  2. Low Earth Orbit (LEO) Constellations: Technological advancements have led to the development of LEO satellite constellations, comprising hundreds or even thousands of small satellites orbiting at lower altitudes. These constellations, such as SpaceX's Starlink, promise reduced latency and enhanced data speeds compared to traditional geostationary satellites.
  3. Broadband Competition: The satellite internet market is disrupting the dominance of traditional broadband providers by offering viable alternatives. This competition is driving innovation, pushing both satellite and terrestrial providers to enhance their services.

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