Global Satellite Internet Market 2023-2027

Global Satellite Internet Market 2023-2027
Technavio has been monitoring the satellite internet market and is forecast to grow by $4476.69 mn during 2022-2027, accelerating at a CAGR of 16.85% during the forecast period. Our report on the satellite internet market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by the growing number of IoT devices, the evolution of frequency bands, and the rising demand for internet connectivity in rural areas.
Technavio's satellite internet market is segmented as below:

By End-userCommercialNon-commercialBy TypeK-bandX-bandL-bandC-bandBy Geographical LandscapeNorth AmericaEuropeAPACSouth AmericaMiddle East and AfricaThis study identifies the increasing deployment of 5G network as one of the prime reasons driving the satellite internet market growth during the next few years. Also, increasing need to enhance offshore communication and progression toward low-cost, satellite-based internet services will lead to sizable demand in the market.

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters. Our report on the satellite internet market covers the following areas:Satellite internet market sizingSatellite internet market forecastSatellite internet market industry analysisTechnavio's robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading satellite internet market vendors that include ASELSAN AS, AT and T Inc., AXESS Network Solutions S.L., Cobham Ltd., EchoStar Corp., General Dynamics Corp., Honeywell International Inc., Hytera Communications Corp. Ltd., Israel Aerospace Industries Ltd., Indra Sistemas SA, Inmarsat Global Ltd., L3Harris Technologies Inc., Leonardo Spa, Marlink SAS, Raytheon Technologies Corp., SES SA, Singapore Telecommunications Ltd., SITA, Space Exploration Technologies Corp., Thaicom Public Co. Ltd., Thales Group, and Viasat Inc. Also, the satellite internet market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. Technavio's market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.