- With a compound annual growth rate (CAGR) of X%, the global commercial satellite broadband market is continuing to grow at a strong pace because of Ka-band technology, which now rivals many landline connections in bandwidth, depending on location. Thus, satellite broadband is now used as a high-performance alternative to landline technologies, with speeds exceeding megabits per second (mbps).
- The shift toward high-bandwidth applications such as video streaming and interactive content is driving the adoption for satellite broadband in the consumer market. Low bandwidth digital subscriber line (DSL) can often be inadequate for these applications, which continue to grow in popularity, making an alternative technology necessary. Because of its reach, satellite is often the technology of choice in these scenarios.
- By nature, satellite has the largest network footprint worldwide, covering the entire planet with varying frequency bands. Thus, satellite has the potential to reach every person on the planet, making it the ideal choice or often the only choice for rural locations.
- Landline and cellular technologies have a decreasing return on investment (ROI) in terms of expansion to less populated areas. However, satellite’s ROI often remains stable in these scenarios as these locations are covered by the same satellite(s) that cover populated locations.
- Satellite broadband, however, is on average more expensive than its landline alternatives, and data caps remain the technology’s largest restraint to adoption.
3. Drivers and Restraints - Total Commercial Satellite Broadband Market
4. Forecasts and Trends - Total Commercial Satellite Broadband Market
5. Market Share and Competitive Analysis - Total Commercial Satellite Broadband Market
6. Regional Analysis
7. The Last Word