Emphasis on Type (Low Earth Orbit (LEO), Medium Earth Orbit (MEO)); Application (Telecommunication & Data Communication, Broadband, Navigation, Remote Sensing, Broadcasting, And Others); End-User (Mobility, Maritime, Aerospace & Defence, Transportation & Logistics, Government, And Others) and Region/Country.
The Sky-Based Communication Market was valued at 122.6 billion in 2022 and is expected to grow at a steady rate of around 25.53% in the forecasted period (2023-2030) owing to increasing demand for exploring space and military applications has led to a spike in interest and investment in sky-based communication systems. Sky-based communication refers to using satellites in space to provide telecommunications services such as internet access, voice calls, and other data transmissions. The market for sky-based communications has been growing rapidly over recent years due to increasing demand for high-speed connectivity globally, especially in remote areas where traditional infrastructure may not be available or practical. Moreover, the development of new technologies, such as IoT and AI, has opened new opportunities for satellite communication, making it more relevant and versatile for various applications. Also, the rising number of satellites launched for communication purposes has contributed to the growth of the sky-based communication market, as more satellites in orbit increase the demand for communication systems and services. For an instance, according to United Nations Office for Outer Space Affairs the annual number of objects launched into space by United States 2023, was estimated to 2,166.
Some of the major players operating in the market include Honeywell International Inc.; Inmarsat Global Limited; Iridium Communications Inc.; Viasat, Inc.; Intelsat; Telesat; Thales; Tata Communications.; Hughes Network Systems, LLC; Antrix Corporation Limited.
Insights Presented in the Report
“Among type, the MEO segment holds largest share of the market during forecast period.”
Based on type, the market is bifurcated into low earth orbit (LEO), medium earth orbit (MEO). Among these, the MEO segment is rapidly growing. This growth is primarily driven by factors such as increasing demand for high-speed internet connectivity, rising adoption of satellite-based services in remote areas, and advancements in MEO technology enabling more efficient use of available spectrum. LEO satellites have lower latency but higher costs per bit, while MEO satellites offer better cost efficiency but slightly higher latency. Therefore, MEO systems have become popular among telecom companies and government agencies due to their balance between performance and affordability.
“Amongst application, telecommunication & data communication segment is holding the significant during the forecast period.”
Based on the application, the market is categorized into telecommunication & data communication, broadband, navigation, remote sensing, broadcasting, and others. Among these, the telecommunication & data communication segment has been dominating the sky-based communication market in terms of growth and adoption. Which includes satellite-based services such as mobile communications, internet connectivity, and other forms of digital transmission using satellites. The increasing demand for high-speed internet access and reliable communication networks has driven the growth of this segment. However, other segments like remote sensing and navigation have also seen significant development and hold potential for future expansion.
“North America to hold a significant share in the market.”
North America is expected to dominate the sky-based communication market, with the U.S. playing a significant role in driving the market’s growth. The region’s growing space and military programs, technological development, market demand, strategic investments, and high-growth segments have collectively contributed to its leading position in the market. The sky-based communication market is driven by several factors, including technological advancements, increasing demand for space exploration, and the need for high-speed connectivity in remote areas.
Sky-Based Communication Market Report Coverage
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1. Market Introduction
2. Research Methodology Or Assumption
3. Market Synopsis
4. Executive Summary
5. Sky-based Communication Market Revenue (usd Bn), 2020-2030f
6. Market Insights By Type
7. Market Insights By Application
8. Market Insights By End-user
9. Market Insights By Region
10. Sky-based Communication Market Dynamics
11. Sky-based Communication Market Opportunities
12. Sky-based Communication Market Trends
13. Demand And Supply-side Analysis
14. Value Chain Analysis
15. Pricing Analysis
16. Strategic Insights
17. Competitive Scenario
18. Company Profiled
19. Disclaimer
Research Methodology for the Sky-Based Communication Market Analysis
(2023-2030)
Analyzing the historical market, estimating the current market, and forecasting the future market of the global Sky-Based Communication market were the three major steps undertaken to create and analyze the adoption of Sky-Based Communication market 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 Sky-Based Communication 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 of 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 Sky-Based Communication market through company internal sources such as annual reports & 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 Sky-Based Communication market, we conducted a detailed secondary analysis to gather historical market insights and share for different segments & sub-segments for major regions. Major segments are included in the report as type, application and end-user. 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 Sky-Based Communication market. Further, we conducted factor analysis using dependent and independent variables such as various type, application and end-user Sky-Based Communication market. A thorough analysis was conducted of demand and supply-side scenarios considering top partnerships, mergers and acquisitions, business expansion, and product launches in the Sky-Based Communication 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 Sky-Based Communication 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., the top-down/bottom-up approach were applied to arrive at the market forecast for 2030 for different segments and sub-segments across the major markets globally. The research methodology adopted to estimate the market size encompasses:
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, 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
Market Engineering
The data triangulation technique was employed to complete the overall market estimation and to arrive at precise statistical numbers for each segment and sub-segment of the global Sky-Based Communication market. Data was split into several segments & sub-segments post studying various parameters and trends in the areas of type, application and end-user in the global Sky-Based Communication market.
The main objective of the Global Sky-Based Communication Market Study
The current & future market trends of the global Sky-Based Communication market were pinpointed in the study. Investors can gain strategic insights to base their discretion for investments on the qualitative and quantitative analysis performed in the study. Current and future market trends 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 from a first-mover advantage. Other quantitative goals of the studies include:
Q1: What is the current market size and growth potential of the global Sky-Based Communication market?
Q2: What are the driving factors for the growth of the global Sky-Based Communication market?
Q3: Which segment has the largest share of the global Sky-Based Communication market by End-User?
Q4: Which region will dominate the global Sky-Based Communication Market?
Q5: Who are the key players operating in the global Sky-Based Communication Market?
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