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This report assesses the satellite services market for communications and specific solutions by segment (consumer, enterprise, industrial, and government customers) as well as by industry vertical. It includes coverage of Internet access, asset tracking, surveillance, and IoT applications. It provides analysis by satellite type (LEO, MEO, and GEO) as well as by consumer and business services with segmentation by business type.
The report also provides forecasts for all major solution and application areas as well as by major industry verticals and market segments including consumer, enterprise, industrial, and government segments from 2023 to 2028. It also provides forecasts for satellite components and equipment such as Satellite NOC/Hub, terminal, and communications platforms.
It also evaluates satellite support for 5G coverage, applications, and services. This includes both public and private 5G networks, industry verticals, and specific implementations such as supplementing coverage for smart cities. It also addresses technology support of 5G satellite services such as artificial intelligence and the use of blockchain. Forecasts include global and regional markets from 2023 to 2028.
Select Report Findings:
- Coupled with drone solutions, LEO-based satellites will change the face of modern communications as anywhere communications become a reality for virtually any application and industry vertical
- The global satellite service market will spawn economic development value up to 50 times the combined cost of capital expenditures to deploy infrastructure and operational expenses to maintain systems
- Satellite markets are rapidly expanding beyond traditional market verticals such as government, maritime, and aerospace to include many enterprise B2B and consumer-facing business applications and services
- Emerging satellite solutions are poised to cover a substantial percentage of the globe that was previously economically or even physically unreachable, creating market development opportunities for emerging economies
Satellite broadband is a rapidly growing technology, and new use cases are emerging all the time. As the cost of satellite broadband continues to decline, it is becoming a more viable option for a wider range of applications. Broadband communications via satellite can be used in a wide variety of applications, including:
- Connecting Rural and Underserved Areas: Satellite broadband can provide high-speed internet access to people living in rural areas and other underserved communities where traditional terrestrial broadband networks are not available or affordable.
- Business Connectivity: Satellite broadband can be used by businesses of all sizes to connect their offices and employees, and to access cloud-based applications and services.
- Government and Public Safety: Satellite broadband can be used by government agencies and public safety organizations to communicate with each other and to provide critical services to the public.
- Education and Research: Satellite broadband can be used by schools and universities to provide students with access to online educational resources, and by researchers to conduct research in remote locations.
- Healthcare: Satellite broadband can be used by hospitals and clinics to provide telemedicine services to patients in remote areas.
- Disaster Relief: Satellite broadband can be used to provide communication and internet access to people affected by natural disasters.
Various Internet of Things and People (IoTP) solutions will emerge as satellite services provide the ability for combined M2M and people-oriented services to provide IoTP solutions that leverage the interaction between people and things as well as interrelationship between the physical world and the cyber world on a global scale.
The business drivers for satellite communications and applications are clear. Satellites provide coverage in areas where terrestrial wireless cannot. In fact, land-based wireless-only covers roughly 16% of the globe. Certain verticals, such as the maritime industry, require global coverage. This will be especially important as shipping begins to adopt autonomous transport as vessels will continue to require ship-to-shore communications as well as a new need for signaling with onboard ship sensors for navigation and ship controls.
The asset management industry also requires satellite systems for coverage in support of fleet tracking, supply chain management, and general asset tracking needs. The advent of advanced Internet of Things (IoT) solutions leveraging machine-to-machine communications and other supporting technologies enables anytime, anywhere, any type of asset tracking. Satellites provide seamless M2M communications for the IoT-based asset tracking market.
While GPS provides the bulk of this today, it is not the best solution for latency-sensitive applications and/or those that require high bandwidth. There is a market need for additional satellite types to provide bandwidth on demand, uninterrupted connectivity, and support for mission-critical operations that require ultra-reliable communications. This is similar to the business case for 5G in private networks such as industrial applications that are time-sensitive. While 5G is poised to dramatically increase terrestrial radiodensity, coverage is not a strong suit, and thus the need for satellites to fill in the holes. Satellites will also be an option for 5G backhaul.
Satellite services also provide coverage for business solutions that are often problematic and/or in remote areas such as mining operations, deep-water, and agriculture in third-world countries. Satellite services are also important in certain industries that require continuous network coverage such as oil & gas, transportation systems involving hybrid networks for autonomous vehicles, and other mission-critical services. In addition to providing continuous coverage in areas not practical by terrestrial systems, satellites may also provide continuous service in the event that terrestrial systems have a service outage.
However, satellite services do have some downsides, which include cost and signal latency. The former is in a downward trajectory and the latter will be solved by low earth orbit (LEO) satellite systems. The upside of LEOs is that they have much lower latency due to their shorter distance to the earth's surface, but there is a need for many more than middle-earth orbit or geosynchronous satellites and there is also a need for frequent hand-off from one LEO satellite to another. Fortunately, LEO satellites are also much smaller than GEOs, often weighing as little as 10kg (as compared to 1,000kg or more for GEOs) and thus require less expensive launch vehicles.
One of the additional drivers for LEO vs. GEO is that there is a limited number of orbital slots available for GEO satellites. However, LEOs are not the perfect solution as there are concerns about plans from the likes of SpaceX, OneWeb, and even Amazon to collectively launch thousands of satellites into orbit rendering the earth’s atmosphere a sea of machines. To partially deal with this issue SpaceX requested permission from the FCC to adjust the orbital spacing of its satellites to facilitate three orbital planes rather than one, which they claim will accelerate deployment by taking advantage of a wider service area.
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Table of Contents
1.0 Executive Summary
Companies Mentioned
- Airbus Defense and Space
- Amazon
- Antrix Corporation Limited
- Apstar
- ARA Antenna Research
- Arabsat
- Ariane Group
- AsiaSat
- Ball Aerospace & Technologies Corp
- Blue Origin
- Blue Sky Network
- Boeing Defense; Space and Security
- Campbell Scientific, Inc.
- Casic
- China Satcom
- Cobham plc.
- Commercial Space Technologies Ltd
- Communications & Power Industries LLC
- Comtech PST Corp
- Comtech Telecommunications Corp
- Cosmos International
- Digisat International Inc.
- EchoStar Mobile Limited
- Eric Communications
- Ericsson Inc.
- Eurockot Launch Services
- Eutelsat
- Fleet Space
- General Dynamics Mission Systems
- Gilat Satellite Networks
- GK Launch Services
- Globalstar Inc.
- Holkirk Communications Ltd
- Hughes Satellite Systems Corporation
- Inmarsat PLC
- Intelsat General
- Iridium Communications
- ISRO
- ISS-Reshetnev
- Kepler Communications
- L3 Harris Technologies
- LeoSat Enterprises
- Lockheed Martin
- Mitsubishi Heavy Industries Launch Services
- NASA
- Newtec CY NV
- Northrop Grumman
- OHB SE
- OneWeb Satellites
- ORBCOMM Europe Holding BV
- Orbital Tracking Corp
- Planet Labs
- Qualcomm Inc.,
- SatCom Global Ltd
- SES
- Singtel
- Sky Perfect
- Space Star Technology
- Space Systems/Loral
- SpaceX
- Synertone
- Telesat
- Telstra
- Thaicom
- Thales Alenia Space
- Thuraya
- United Launch Alliance
- Vector
- ViaSat
- Virgin Galactic
- VT iDirect
Methodology
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