The space-based broadband internet technology is gaining huge traction from governments and commercial consumers due to the increase in demand for round-the-clock connectivity solutions for various applications. Though the current telecommunications technology has developed several tools and systems to deliver state-of-the-art solutions, they often get the backlash against their lack of serviceability for remote locations and unstable connections due to harsh weather conditions. However, with the help of space-based broadband internet industry, the companies have focused on developing alternatives to provide sufficient and stable signals to ensure data services to hard-to-reach areas. The satellite internet allows connectivity without the need for any ground infrastructure to access the internet service.
SPACE-BASED BROADBAND INTERNET INDUSTRY OVERVIEW:
The two-way satellite-only communication technology is a gamechanger for home and consumer-grade service that involves receiving and transmitting data via very small aperture terminal (VSAT) satellite to a telecommunication port (teleport) hub that relays data through terrestrial internet. The modems required for such services are often proprietary and hence expensive compared to other conventional modems.
The major concern for satellite constellation is that the technology required to retrieve or repair the satellites in orbit is still in very early stages. This has raised concerns by several environmentalists as well because if there is an unresponsive satellite orbiting freely in space, it might lead to more space debris. Even the slightest error in calculation or a small defect in the system might lead to catastrophic damage to the other satellites in the same orbit.
The global space-based broadband internet industry is estimated to reach $52.33 billion in 2031, at a compound annual growth rate (CAGR) of 20.64% during the forecast period 2021-2031. The major driving factors for the huge revenues generated by the companies are the increase in demand for worldwide broadband internet access for information, entertainment, and commerce, and technological advancements toward developing next-generation communication satellite constellations.
KEY PLAYERS IN THE GLOBAL SPACE-BASED BROADBAND INTERNET INDUSTRY:
Some of the key players in the global space-based broadband internet industry include Airbus S.A.S, Amazon-Project Kuiper, BridgeComm, Inc., Eutelsat Communications SA, Gilat Satellite Networks, Hughes Network Systems, LLC, Intelsat, L3Harris Technologies, OneWeb, SES S.A., ST Engineering iDirect, Inc., Starlink, Swarm Technologies, Inc., Telesat, and Viasat, Inc. These companies are aiming for a wide range of product demonstrations and launches to expand their operations and increase their market presence globally.
KEY QUESTIONS ANSWERED BY THIS REPORT:
- What are the key strategies implemented by the players to sustain in this emerging market?
- Which region is expected to be leading the global space-based broadband internet market by 2031?
- What are the futuristic trends in this market, and how is the market expected to change over the forecast period 2021-2031?
- What are the key drivers, challenges, and opportunities faced by the companies working in the global space-based broadband internet market?
- What are the major government initiatives that are increasing the demand for satellite internet connectivity?
- What is the current and future revenue scenario of this market?
- Which are the segments and applications that are expected to dominate the market share during the forecast period?
REPORT PROVIDES EVERY IMPORTANT DATA:
The report provides information on the futuristic trends, the supply chain analysis of the market, and the classification of the global space-based broadband internet industry based on applications, products, and regions. The report contains the business dynamics of the market, such as the drivers, challenges, opportunities for the companies, along with the business and corporate strategies followed by the key companies.
The report also explains the roles of the key market players in the global space-based broadband internet market. The country-wise analysis of the market covering the key countries in every region, namely the U.S., Canada, U.K. Germany, France, the U.K., China, Japan, and India, among others, has been provided in this report.
Download the sample of space-based broadband internet report, made by BIS Research:
