Global Fixed Satellite Services Market - Segmented by Services (Broadband and Enterprise Network, Managed FSS, Trunking and Backhaul), by Organization Size (Small Offices & Home Offices, Small and Medium Businesses, Large Enterprises), by End-User (Aerospace and Defense, Media and Entertainment, Oil and Gas), and Region - Growth, Trends, and Forecast (2018 - 2023)
The fixed satellite services market was valued at USD 19.6 billion in 2017 and is projected to reach USD 23.4 billion by the end of 2023, registering a CAGR of 5.48%, during the forecast period (2018 - 2023). The scope of the report is limited to the type of services provided by satellite communications providers and the organization size. The regions considered in the scope of the report include North America, Europe, Asia-Pacific, Latin America, and Middle-East & Africa.
Fixed Satellite Services (FSS) provide high-speed connection to the end-users by making use of Very Small Aperture Terminal (VSAT) technology. FSS works on various bands, such as X-band, Ka-band, and C-band. FSS systems are positioned in a fixed strategic location and coverage area extends up to several square miles. These systems deliver high performance, reliability, and cost effective structure, thus creating a positive impact on the market.
FSS systems have uses in various industries but telecom industry is its prime user. With increased smartphone penetration and computer usage, the demand for internet has increase exponentially. Moreover, increased broadband and DTH services are driving the growth of fixed satellite services Market.
Ever-Increasing Broadband and DTH Subscription
The demand for broadband and DTH services has increased drastically in the last few years. Owing increased penetration of smart phones, high speed internet has now become a necessity. There is huge demand for mobile internet and broadband services, owing to which the internet usage has skyrocketed.
The adoption of DTH services over wired cable network is also on the rise, thus increasing the demand of FSS systems. Increasing disposable incomes has resulted in consumers buying high-end electronics and opting for high-quality services, thus spiking the demand for digital DTH services, which in turn is increasing the demand of FSS systems.
Moreover, with the upcoming of smart cities in many nations, digitalization is bound to increase, which will require 24*7 internet connectivity. Thus, paving way for FSS systems.
With United States as one of the first countries to have adopted satellite communications, North America is one of the prime users of FSS systems. The communications and telecom industry in this region is highly developed and consumers are always looking for reliable and better solutions. The demand for mobile internet has increased with increase in smartphone penetration. In addition, huge demand for high-speed internet and communication from the commercial sector and shift in preference of people from cable to DTH is helping the fixed satellite services market grow.
North America holds some of the advanced satellite technologies in the world, with the United States holding the most modern defense and aerospace. The spending on satellite communications for defense services is really high in this country.
Key Developments in the Market