The global high-throughput satellite market size reached US$ 12.0 Billion in 2023. Looking forward, the publisher expects the market to reach US$ 56.3 Billion by 2032, exhibiting a growth rate (CAGR) of 18.7% during 2023-2032.
High-throughput satellite (HTS) refers to a type of satellite with a higher capacity of the orbital spectrum, which reduces the cost per bit significantly. HTS is enabled by the spot beam technology that enables the re-use of frequencies across multiple narrow-focused spot beams. With these satellites, a high level of frequency re-use is ensured with spot beams that cover smaller regions and provide separate signals, thus allowing for higher spectral efficiency and speed. They provide several advantages, including improved security, scalability, and reliability, along with minimal network latency. As a result, these satellites are instrumental in providing extensive capacity for data transfers in broadband services.
2. What is the expected growth rate of the global high-throughput satellite market during 2024-2032?
3. What are the key factors driving the global high-throughput satellite market?
4. What has been the impact of COVID-19 on the global high-throughput satellite market?
5. What is the breakup of the global high-throughput satellite market based on the type?
6. What is the breakup of the global high-throughput satellite market based on application?
7. What are the key regions in the global high-throughput satellite market?
8. Who are the key players/companies in the global high-throughput satellite market?
High-throughput satellite (HTS) refers to a type of satellite with a higher capacity of the orbital spectrum, which reduces the cost per bit significantly. HTS is enabled by the spot beam technology that enables the re-use of frequencies across multiple narrow-focused spot beams. With these satellites, a high level of frequency re-use is ensured with spot beams that cover smaller regions and provide separate signals, thus allowing for higher spectral efficiency and speed. They provide several advantages, including improved security, scalability, and reliability, along with minimal network latency. As a result, these satellites are instrumental in providing extensive capacity for data transfers in broadband services.
High-throughput Satellite Market Trends:
The market is majorly driven by a considerable rise in the utilization of high-throughput satellite constellations in a wide range of end-use industries, such as IT and ITES, military and defense, and telecommunication. This can be attributed to the increasing adoption of satellite communication in the Internet of Things (IoT) for improved connectivity framework. In addition to this, numerous product innovations, including VSAT, satcom-on-the-move, and satcom-on-the-pause, are providing an impetus to the market. Moreover, rapid digitization resulting in a higher demand for internet bandwidth is also acting as a significant growth-inducing factor for the market. Besides this, the rising popularity of cloud-based gaming, media streaming, and networking that require faster data transfer are impacting the market positively. Apart from this, the escalating demand for in-flight mobile connectivity is resulting in a higher uptake of high-throughput satellites. Furthermore, continual technological advancements in satellite networks for internet penetration in remote regions are creating a positive outlook for the market. Some of the other factors bolstering the market growth include the advent of high-speed 5G network, rapid urbanization and industrialization, and extensive research and development (R&D) activities conducted by key players.Key Market Segmentation:
The publisher provides an analysis of the key trends in each sub-segment of the global high-throughput satellite market report, along with forecasts at the global, regional and country level from 2024-2032. Our report has categorized the market based on type and application.Breakup by Type:
- Payload
- Structure
- Power System
- Attitude Control System
- Propulsion System
Breakup by Application:
- Broadband
- Mobility
- Enterprise
- Government
- Cellular Backhaul
- Broadcast
Breakup by Region:
- North America
- United States
- Canada
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Brazil
- Mexico
- Others
- Middle East and Africa
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being Hughes Network Systems LLC (EchoStar Corporation), Thales Alenia Space (Thales Group, Leonardo S.p.A.) and The Boeing Company. Kindly, note that this only represents a partial list of companies, and the complete list has been provided in the report.Key Questions Answered in This Report
1. What was the size of the global high-throughput satellite market in 2023?2. What is the expected growth rate of the global high-throughput satellite market during 2024-2032?
3. What are the key factors driving the global high-throughput satellite market?
4. What has been the impact of COVID-19 on the global high-throughput satellite market?
5. What is the breakup of the global high-throughput satellite market based on the type?
6. What is the breakup of the global high-throughput satellite market based on application?
7. What are the key regions in the global high-throughput satellite market?
8. Who are the key players/companies in the global high-throughput satellite market?
Table of Contents
1 Preface3 Executive Summary10 Value Chain Analysis12 Price Analysis
2 Scope and Methodology
4 Introduction
5 Global High-throughput Satellite Market
6 Market Breakup by Type
7 Market Breakup by Application
8 Market Breakup by Region
9 SWOT Analysis
11 Porters Five Forces Analysis
13 Competitive Landscape
List of Figures
List of Tables
Companies Mentioned
- Hughes Network Systems LLC (EchoStar Corporation)
- Thales Alenia Space (Thales Group
- Leonardo S.p.A.) and The Boeing Company.
Methodology
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 140 |
| Published | March 2024 |
| Forecast Period | 2023 - 2032 |
| Estimated Market Value ( US$ | US$ 12 Billion |
| Forecasted Market Value ( US$ | US$ 56.3 Billion |
| Compound Annual Growth Rate | 18.7% |
| Regions Covered | Global |
| No. of Companies Mentioned | 3 |
