Dec 17, 2019 (Xherald via COMTEX) -- Fixed Satellite Services Market 2019 Size, Trends, and Application with Top Key Players
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.
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The global Fixed Satellite Services market is consolidated, with top players accounting for the major share of the market demand. The top market players include Embratel Star One, Intelsat S.A, Eutelsat Communications, Telesat Holdings, Sky Perfect Jsat Holdings Inc., Thaicom Public Company Ltd And Telenor Satellite Broadcasting and Others.
Scope of the Report
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.
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Key Market Trends
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.