North America’s Satellite Communication Dominance Propels Global Market Towards USD 160.65 Billion by 2030, with Key Players Viasat, EchoStar, and Intelsat Leading the Way

Straits Research is a leading market intelligence company that provides global business information reports and services. One of the key areas they focus on is satellite communication, which has become increasingly important in various industries including military, government, maritime, and aviation.

Satellite communication services offer secure bandwidth capacity, making them ideal for military operations in remote locations with unreliable communications infrastructure. As a result, the revenue generated by Fixed Satellite Services (FSS) used in government and military applications is expected to see significant growth in the coming years.

The use of satellite communication is widespread, with applications ranging from remote voice and data services to in-flight entertainment, asset tracking, monitoring, and telemedicine. The media and broadcasting segment, in particular, has dominated the market in terms of revenue and is expected to grow at a 10.5% CAGR from 2022 to 2030.

Satellite communication has gained popularity due to its ubiquity and security, with the U.S. Department of Defense being the largest commercial satellite consumer. Increased military spending has also contributed to the expansion of military satellite communication services, providing secure bandwidth for operations in remote areas with poor communications infrastructure.

The global satellite communication market is expected to reach USD 160.65 billion by 2030, with North America leading the market due to high demand and widespread use of satellite services in the region. Key players in the market include SES S.A., Viasat, Inc., Intelsat, EchoStar Corporation, Inmarsat Group Limited, and Thuraya Telecommunications Company.

Overall, satellite communication offers growth opportunities in various industries such as maritime, aviation, and telecommunications. With the deployment and adoption of 5G technology, satellite communications play a crucial role in expanding network infrastructure, especially in sparsely populated areas where terrestrial networks may not be feasible.

In conclusion, satellite communication services are essential for various industries, providing secure and reliable communication solutions for military, government, maritime, aviation, and telecommunications sectors. The market is expected to see significant growth in the coming years, driven by increasing demand for satellite services and advancements in technology.