Fixed Satellite Services Market: Current Analysis and Forecast (2021-2027)
$4999 – $8699
Emphasis on Services (Broadcast, Telecom Backhaul, Broadband, Video Channel Distribution, and Others); Organization size (Small Offices and Home Offices (Soho), Large Enterprises, and SMEs); Industry (Media and Entertainment, Communication, Government, Education, and Others); and Region/Country
Detailed Analysis of COVID-19 Impact on the Fixed Satellite Services Market
The global Fixed Satellite Services Market is expected to register a CAGR of around 5% over the period of 2021-2027. The global FSS market is uplifting on account of the rising demand for high data rate communication along with the rising adoption of HDTV channels and emerging DTH TV platforms. The high penetration of smart TV and smartphone, and the growing demand for video-on-demand content are some of the major factors influencing the demand for new TV platforms and technologies. In addition, there is a race among technology giants to be the leader in smart TV development, including companies inside and outside the industry. Companies such as Google, Apple, Netflix, and Amazon are all developing more useful and powerful smart TVs, and this trend is likely to make the technology much more affordable for consumers. Hence, the demand for FSS is going to be increased.
Furthermore, with the growing number of network connections across the globe, the demand for high data rate communication is increasing. Moreover, high-speed internet is essential to endorse emerging advanced and next-generation technologies such as the Internet of things, smart devices, and smart infrastructures. These devices boost the demand for FSS for fast transfer of data and hence boost the market for FSS. Factors such as the rising number of internet users all around the world, the evolution of high-definition channels, and UHDTVs also drive the market for FSS.
SES S.A., The Arab Satellite Communications Organization, Eutelsat Communications S.A., Intelsat S.A., Embratel Star One, Thaicom Public Company Limited, Sky Group Limited, Singapore Telecommunications Limited, Telesat Corporation, and Hispasat S.A. are some of the key players in the market. Several M&As along with partnerships have been undertaken by these players to facilitate customers with hi-tech and innovative products/technologies.
Insights Presented in the Report
“Amongst organization size, large enterprises category held a prominent share in the market in 2020”
On the basis of organization size, the FSS market is segmented into small offices and home offices (SOHO), large enterprises, and SMEs. Among the three categories, the large enterprises segment is expected to grow at a substantial CAGR during the forecast period and is expected to witness strong growth during the forecast period. One of the most prominent factors driving the growth of this segment is the increasing requirements for high data rate communication for a smooth workflow in enterprises. FSS is able to provide high data rate communication, which can help enterprises in saving time, enhancing the cloud experience, increasing communication and collaboration, and several other benefits. A slow network causes everything to take a longer time, employees might end up waiting for files, pictures, or documents to download or upload. FSS can eliminate this problem and save a lot of time by providing high-speed data transfer. Moreover, many of today’s internet technologies are based on cloud computing. High-speed internet can enhance the cloud experience by reducing latency issues.
“Amongst industry, government category held a prominent share in the market in 2020”
On the basis of industry, the Fixed Satellite Services Market is classified into media and entertainment, communication, government, education, and others. Among these, the government segment held a prominent share of the market in 2020 and is expected to register a significant CAGR during the forecast period. The government uses FSS mainly for communication purposes. In case of natural disasters, military conflicts, national security, and other scenarios, governments prefer FSS due to its ability to provide high data rate communication, audio distribution, video conferencing, and various data services. Moreover, FSS can provide stable, secure, and dependent communication services, which is important to enable all the required people or teams to come into action.
“APAC to witness significant growth during the forecast period”
Asia-Pacific Fixed Satellite Services Market is expected to witness a prominent CAGR during the forecast period. The growth of this market can be attributed to the increasing internet penetration rate, growing demand for HDTV channels and DTH TV platforms coupled with increasing investments in research and development of advanced and new generation satellites. Additionally, the significant growth of the media and entertainment industry in the region is further propelling the demand for HDTV channels and DTH TV platforms which is further driving the growth of the FSS market. For instance, according to the Internet and Mobile Association of India, the Indian digital advertising industry stood at USD 2 billion in 2021 and total advertising revenue reached USD 8.46 billion, and both are expected to grow at a prominent CAGR. Key growth drivers included rising demand for content among users and affordable subscription packages.
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- The study includes market sizing and forecasting analysis validated by authenticated key industry experts.
- The report presents a quick review of overall industry performance at one glance.
- The report covers an in-depth analysis of prominent industry peers with a primary focus on key business financials, product portfolio, expansion strategies, and recent developments.
- Detailed examination of drivers, restraints, key trends, and opportunities prevailing in the industry.
- The study comprehensively covers the market across different segments.
- Deep dive regional level analysis of the industry.
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|1.1. Market Definitions|
|1.4. Currency used in Report|
|2.1. Research Process of the Fixed Satellite Services Market|
|2.2. Research Methodology of the Fixed Satellite Services Market|
|2.3. Forecasting Method|
|2.4. Respondent Profile|
|2.5. Main Objective of the Fixed Satellite Services Market Study|
|3. MARKET SYNOPSIS|
|4. EXECUTIVE SUMMARY|
|5. FIXED SATELLITE SERVICES MARKET COVID-19 IMPACT|
|6. FIXED SATELLITE SERVICES MARKET REVENUE (USD BN), 2019-2027F|
|7.2. Telecom Backhaul|
|7.4. Video Channel Distribution|
|8.1. Small Offices and Home Offices (SOHO)|
|8.2. Large Enterprises|
|9.1. Media and Entertainment|
|10.1. North America|
|10.1.3. Rest of North America|
|10.2.5. Rest of Europe|
|10.3.4. South Korea|
|10.3.5. Rest of Asia-Pacific|
|10.4. Rest of the World|
|11.1. Market Drivers|
|11.2. Market Challenges|
|11.3. Impact Analysis|
|12. FIXED SATELLITE SERVICES MARKET OPPORTUNITIES|
|13. FIXED SATELLITE SERVICES MARKET TRENDS|
|14. LEGAL & REGULATORY FRAMEWORK|
|15.1. Demand Side Analysis|
|15.2. Supply Side Analysis|
|16. VALUE CHAIN ANALYSIS|
|17.1. Porters Fiver Forces Analysis|
|17.1.1. Bargaining Power of Buyer|
|17.1.2. Bargaining Power of Supplier|
|17.1.3. Intensity of Rivalry|
|17.1.4. Threats of New Entrant|
|17.1.5. Threat of Substitute|
|18.1. SES S.A.|
|18.2. The Arab Satellite Communications Organization|
|18.3. Eutelsat Communications S.A.|
|18.4. Intelsat S.A.|
|18.5. Embratel Star One|
|18.6. Thaicom Public Company Limited|
|18.7. Sky Group Limited|
|18.8. Singapore Telecommunications Limited|
|18.9. Telesat Corporation|
|18.10. Hispasat S.A.|
Research Methodology for the Fixed Satellite Services (FSS) Market Analysis (2021-2027)
Analyzing the historical market, estimation of the current market, and forecasting the future market of the global FSS market were the three major steps undertaken to create and analyze the adoption of FSS in major regions globally. Exhaustive secondary research was conducted to collect the historical market numbers and estimate the current market size. Secondly, to validate these insights, numerous findings and assumptions were taken into consideration. Moreover, exhaustive primary interviews were also conducted, with industry experts across the value chain of the global FSS market. Post assumption and validation of market numbers through primary interviews, we employed a top-down/bottom-up approach to forecasting the complete market size. Thereafter, market breakdown and data triangulation methods were adopted to estimate and analyze the market size of segments and sub-segments the industry pertains to. Detailed methodology is explained below:
Analysis of Historical Market Size
Step 1: In-Depth Study of Secondary Sources:
Detail secondary study was conducted to obtain the historical market size of the FSS market through company internal sources such as annual report & financial statements, performance presentations, press releases, etc., and external sources including journals, news & articles, government publications, competitor publications, sector reports, third-party database, and other credible publications.
Step 2: Market Segmentation:
After obtaining the historical market size of the FSS market, we conducted a detailed secondary analysis to gather historical market insights and share for different segments & sub-segments for major regions. Major segments included in the report as services, organization size, and industry. Further country-level analyses were conducted to evaluate the overall adoption of testing models in that region.
Step 3: Factor Analysis:
After acquiring the historical market size of different segments and sub-segments, we conducted a detailed factor analysis to estimate the current market size of the FSS market. Further, we conducted factor analysis using dependent and independent variables such as various services, organization size, and industry of FSS. A thorough analysis was conducted for demand and supply-side scenarios considering top partnerships, merger and acquisition, business expansion, and product launches in the FSS market sector across the globe.
Current Market Size Estimate & Forecast
Current Market Sizing: Based on actionable insights from the above 3 steps, we arrived at the current market size, key players in the global FSS market, and market shares of the segments. All the required percentage shares split, and market breakdowns were determined using the above-mentioned secondary approach and were verified through primary interviews.
Estimation & Forecasting: For market estimation and forecast, weights were assigned to different factors including drivers & trends, restraints, and opportunities available for the stakeholders. After analyzing these factors, relevant forecasting techniques i.e., top-down/bottom-up approach was applied to arrive at the market forecast about 2027 for different segments and sub-segments across the major markets globally. The research methodology adopted to estimate the market size encompasses:
- The industry’s market size, in terms of revenue (USD) and the adoption rate of the FSS market across the major markets domestically
- All percentage shares, splits, and breakdowns of market segments and sub-segments
- Key players in the global FSS market in terms of solutions offered. Also, the growth strategies adopted by these players to compete in the fast-growing market
Market Size and Share Validation
Primary Research: In-depth interviews were conducted with the Key Opinion Leaders (KOLs) including Top Level Executives (CXO/VPs, Sales Head, Marketing Head, Operational Head, and Regional Head, Country Head, etc.) across major regions. Primary research findings were then summarized, and statistical analysis was performed to prove the stated hypothesis. Inputs from primary research were consolidated with secondary findings, hence turning information into actionable insights.
Split of Primary Participants in Different Regions
Data triangulation technique was employed to complete the overall market estimation and to arrive at precise statistical numbers of each segment and sub-segment of the global FSS market. Data was split into several segments & sub-segments post studying various parameters and trends in the areas of offering and technique in the global FSS market.
The main objective of the Global FSS Market Study
The current & future market trends of the global FSS market were pinpointed in the study. Investors can gain strategic insights to base their discretion for investments from the qualitative and quantitative analysis performed in the study. Current and future market trends were determined the overall attractiveness of the market at a regional level, providing a platform for the industrial participant to exploit the untapped market to benefit as a first-mover advantage. Other quantitative goals of the studies include:
- Analyze the current and forecast market size of the FSS market in terms of Value (USD). Also, analyze the current and forecast market size of different segments and sub-segments
- Segments in the study include areas of services, organization size, and industry
- Define and analysis of the regulatory framework for the FSS market industry.
- Analyze the value chain involved with the presence of various intermediaries, along with analyzing customer and competitor behaviors of the industry.
- Analyze the current and forecast market size of the FSS market for the major region.
- Major countries of regions studied in the report include Asia Pacific, Europe, North America, and Rest of the World.
- Company profiles of the FSS market and the growth strategies adopted by the market players to sustain in the fast-growing market
- Deep dive regional level analysis of the industry