Fixed Satellite Services Market: Current Analysis and Forecast (2021-2027)

Fixed Satellite Services Market: Current Analysis and Forecast (2021-2027)

The global FSS market is expected to register a CAGR of around 5% over the period of 2021-2027. The global FSS market is uplifting on account of the rising demand for high data rate communication along with the rising adoption of HDTV channels and emerging DTH TV platforms. The high penetration of smart TV and smartphone, and the growing demand for video-on-demand content are some of the major factors influencing the demand for new TV platforms and technologies. In addition, there is a race among technology giants to be the leader in smart TV development, including companies inside and outside the industry. Companies such as Google, Apple, Netflix, and Amazon are all developing more useful and powerful smart TVs, and this trend is likely to make the technology much more affordable for consumers. Hence, the demand for FSS is going to be increased.

Furthermore, with the growing number of network connections across the globe, the demand for high data rate communication is increasing. Moreover, high-speed internet is essential to endorse emerging advanced and next-generation technologies such as the Internet of things, smart devices, and smart infrastructures. These devices boost the demand for FSS for fast transfer of data and hence boost the market for FSS. Factors such as the rising number of internet users all around the world, the evolution of high-definition channels, and UHDTVs also drive the market for FSS.

SES S.A., The Arab Satellite Communications Organization, Eutelsat Communications S.A., Intelsat S.A., Embratel Star One, Thaicom Public Company Limited, Sky Group Limited, Singapore Telecommunications Limited, Telesat Corporation, and Hispasat S.A. are some of the key players in the market. Several M&As along with partnerships have been undertaken by these players to facilitate customers with hi-tech and innovative products/technologies.

Insights Presented in the Report
"Amongst organization size, large enterprises category held a prominent share in the market in 2020”

On the basis of organization size, the FSS market is segmented into small offices and home offices (SOHO), large enterprises, and SMEs. Among the three categories, the large enterprises segment is expected to grow at a substantial CAGR during the forecast period and is expected to witness strong growth during the forecast period. One of the most prominent factors driving the growth of this segment is the increasing requirements for high data rate communication for a smooth workflow in enterprises. FSS is able to provide high data rate communication, which can help enterprises in saving time, enhancing the cloud experience, increasing communication and collaboration, and several other benefits. A slow network causes everything to take a longer time, employees might end up waiting for files, pictures, or documents to download or upload. FSS can eliminate this problem and save a lot of time by providing high-speed data transfer. Moreover, many of today’s internet technologies are based on cloud computing. High-speed internet can enhance the cloud experience by reducing latency issues.
"Amongst industry, government category held a prominent share in the market in 2020”

On the basis of industry, the FSS market is classified into media and entertainment, communication, government, education, and others. Among these, the government segment held a prominent share of the market in 2020 and is expected to register a significant CAGR during the forecast period. The government uses FSS mainly for communication purposes. In case of natural disasters, military conflicts, national security, and other scenarios, governments prefer FSS due to its ability to provide high data rate communication, audio distribution, video conferencing, and various data services. Moreover, FSS can provide stable, secure, and dependent communication services, which is important to enable all the required people or teams to come into action.
"APAC to witness significant growth during the forecast period”

Asia-Pacific FSS market is expected to witness a prominent CAGR during the forecast period. The growth of this market can be attributed to the increasing internet penetration rate, growing demand for HDTV channels and DTH TV platforms coupled with increasing investments in research and development of advanced and new generation satellites. Additionally, the significant growth of the media and entertainment industry in the region is further propelling the demand for HDTV channels and DTH TV platforms which is further driving the growth of the FSS market. For instance, according to the Internet and Mobile Association of India, the Indian digital advertising industry stood at USD 2 billion in 2021 and total advertising revenue reached USD 8.46 billion, and both are expected to grow at a prominent CAGR. Key growth drivers included rising demand for content among users and affordable subscription packages.

Reasons to buy this report:

• The study includes market sizing and forecasting analysis validated by authenticated key industry experts.
• The report presents a quick review of overall industry performance at one glance.
• The report covers an in-depth analysis of prominent industry peers with a primary focus on key business financials, product portfolio, expansion strategies, and recent developments.
• Detailed examination of drivers, restraints, key trends, and opportunities prevailing in the industry.
• The study comprehensively covers the market across different segments.
• Deep dive regional level analysis of the industry.