The global shared satellite services market size was significantly robust in 2021 and is expected to register a revenue CAGR during the forecast period. Increasing adoption of high-definition video channels and Direct-To-Home (DTH) subscriptions coupled with a surge in demand for broadband and corporate enterprise networks at high speeds are key factors driving revenue growth of the global shared satellite services market. Demand for DTH services and number of subscribers have increased substantially in the last few years, owing to increasing adoption of smartphones, which has resulted in growing demand for high-speed satellite internet connectivity. Revenue growth of the market is also driven by a rise in technological advancements digitally to help connect individuals, families, and groups residing in remote locations to get better access to communication systems. Moreover, there is an increasing demand for satellite-based services such as in-flight connectivity and maritime broadband services, growing demand for various security surveillance purposes, and rising investments by key players to develop innovative satellites globally. On 10 February 2022 for instance, Reliance Jio Infocomm’s announced that it has formed a satellite unit Jio Satellite Communications Ltd (JSCL), and has applied to the Department of Telecommunications for a Global Mobile Personal Communication by Satellite (GMPCS) license. The license will allow the organization to compete globally with Bharti Airtel group, which is backed by One Web, Starlink, Amazon’s Project Kuiper, and Tata Telesat.
The latest market research report on Shared Satellite Services market, samples and measures quality data on the overall business environment for the forecast period 2022-2030. Comprehensive data on growing investment pockets evaluated in the report on Shared Satellite Services market are powered and backed by human answers. Comprehensive coverage of aspects such as market potential, size, share, and growth aims at creating an equation for profitability- whether stakeholders, business owners, and field marketing executives need to understand their market foothold
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The leading market contenders listed in the report are:
AMOS Spacecom, ESSP – SAS, Hughes Network Systems, LLC, Viasat, Inc., Nelco Ltd., EnduroSat AD, Thales, Seradata Limited, Satellogic, Asia Satellite Telecommunications Co. Ltd., EchoStar Corporation, Inmarsat Global Limited Co., Ltd.
The research study examines historic data from 2018 and 2020 to draw forecasts until 2030. The timeline makes the report an invaluable resource for readers, investors, and stakeholders looking for key insights in readily accessible documents with the information presented in the form of tables, charts, and graphs.
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Market Overview:
The report bifurcates the Shared Satellite Services market on the basis of different product types, applications, end-user industries, and key regions of the world where the market has already established its presence. The report accurately offers insights into the supply-demand ratio and production and consumption volume of each segment.
Segments Covered in this report are:
-
Product Type Outlook (Revenue, USD Billion; 2019-2030)
- Fixed Satellite
- Mobile Satellite
-
Service Type Outlook (Revenue, USD Billion; 2019-2030)
- Channel Broadcast
- Wholesale
- Audiovisual Contribution and Distribution
- Broadband and Enterprise Network
- Backhaul Services
- Managed Services
- Others
-
Orbit Type Outlook (Revenue, USD Billion; 2019-2030)
- LEO
- MEO
- GEO
The research report offers a comprehensive regional analysis of the market with regards to production and consumption patterns, import/export, market size and share in terms of volume and value, supply and demand dynamics, and presence of prominent players in each market.
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Regional Analysis Covers:
North America (U.S., Canada)
Europe (U.K., Italy, Germany, France, Rest of EU)
Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
Key reasons to buy the Global Shared Satellite Services Market report:
- The latest report comprehensively studies the global Shared Satellite Services market size and provides useful inference on numerous aspects of the market, such as the current business trends, market share, product offerings, and product share.
- The report offers an insightful analysis of the regional outlook of the market.
- It offers a detailed account of the end-use applications of the products & services offered by this industry.
- The report holistically covers the latest developments taking place in this industry. Therefore, it lists the most effective business strategies implemented by the market rivals for ideal business expansion.
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