Space-Based Broadband Internet Market - A Global and Regional Analysis: Focus on Application, End User, Frequency, Component, Orbit, and Country - Analysis and Forecast, 2021-2031

Report Highlights

Global Space-Based Broadband Internet Market to Reach by $52.33 Billion by 2031

Market Report Coverage - Space-Based Broadband Internet

Market Segmentation

• Application: Agriculture, Maritime, Aviation, Enterprise, Data and Telecommunication, Logistics and Transportation, and Others
• End-User: Defense and Government, Commercial, and Individual Users
• Frequency: Ku, Ka, and K Band (13 GHz – 40 GHz), C and X Band (4 GHz – 12 GHz), and L and S Band (1 GHz – 4 GHz)
• Component: Satellite, Gateways, and Antenna Dish and Modem
• Orbit: Low Earth Orbit, Medium Earth Orbit, and Geostationary Earth Orbit

Regional Segmentation

• North America: U.S. and Canada
• Europe: U.K., Germany, France, and Rest-of-Europe
• Asia-Pacific: China, Japan, India, and Rest-of-Asia-Pacific
• Rest-of-the-World: Latin America and Middle East and Africa

Market Growth Drivers

• Increase in Demand for Worldwide Broadband Internet Access for Information, Entertainment, and Commerce
• Technological Advancements Toward Developing Next-Generation Communication Satellite Constellations

Market Challenges

• High Initial Investment Cost of Equipment Needed to Provide Services to End Users

Market Opportunities

• Opportunities Toward Building a Hyper-Connected World with Reliable Connectivity

Key Companies Profiled

Airbus S.A.S., Amazon, BridgeComm, Inc., Eutelsat Communications SA, Gilat Satellite Networks, Hughes Network Systems, LLC, Intelsat, L3Harris Technologies, Inc., OneWeb, SES S.A., ST Engineering iDirect, Inc., Starlink, Swarm Technologies, Inc., Telesat, Viasat, Inc

How This Report Can Add Value

Product and Innovation Strategy: The product segment helps the reader in understanding the different types of frequencies used by the companies to deliver broadband internet utilizing space-based platforms and the components required to deliver and receive the signals to the end users for numerous applications. Moreover, the study provides the reader a detailed understanding of space-based broadband internet solutions with respect to orbits (LEO, MEO, and GEO), application (agriculture, maritime, aviation, enterprise, data and telecommunication, logistics and transportation, and others) for the end users (defense and government end user, commercial end user, individual users). Additionally, comprehensive coverage of various key certifications of the companies has also been added to the study.

Key Questions Answered in the 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?

Global Space-Based Broadband Internet Market

Space-based broadband internet is the internet service provided utilizing communication satellites. The latest consumer-grade satellite internet service is provided to individual users through low Earth orbit (LEO), medium Earth orbit (MEO), and geostationary Earth orbit (GEO) that offer relatively higher speeds with the help of new satellites using Ku and Ka bands. Moreover, satellite internet constellations are being developed and launched to the LEO to enable low-latency connections from space.

Global Space-Based Broadband Internet Industry Overview

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 the services, they often get the backlash against their lack of serviceability for remote locations and unstable connections due to harsh weather conditions.

The global space-based broadband internet market 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.