The global space-based broadband internet market size is expected to be worth around US$ 51.33 billion by 2030, according to a new report by Vision Research Reports. and is anticipated to grow at a CAGR of 20.6% during forecast period 2021 to 2030.
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|Market Size||US$ 51.33 billion by 2030|
|Growth Rate||CAGR of 20.6% From 2021 to 2030|
|Forecast Period||2021 to 2030|
|Segments Covered||End-user, Application|
|Regional Scope||North America, Europe, Asia Pacific, Latin America, Middle East & Africa|
|Companies Mentioned||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|
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.
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.
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.
- Data and Telecommunication
- Logistics and Transportation
- Defense and Government
- Individual Users
- North America
- Asia Pacific
- Latin America
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