Global Satellite Services (LEO, MEO and GEO) Market Report 2021-2026
DUBLIN, October 18, 2021 / PRNewswire / – The “Satellite Services Market By Type (LEO, MEO, and GEO), Communications (Voice & Data), Solutions, Applications, Segments (Consumer, Enterprise, Industry & Government), and Industry Verticals 2021-2026” on report was added to ResearchAndMarkets.com offer.
This report assesses the market for satellite services for communications and specific solutions by segment (consumer, enterprise, industrial and government customers) as well as by industry vertical. It includes coverage of internet access, asset tracking, monitoring and IoT applications. It provides analysis by satellite type (LEO, MEO and GEO) as well as by consumer and business services with segmentation by business type.
The report also provides forecasts for all major solution and application areas as well as major industry verticals and market segments including consumer, enterprise, industrial and government segments from 2020 to 2025. It provides also forecasts for satellite components and equipment such as Satellite NOC. / Hub, terminal and communication platforms.
It also assesses satellite support for 5G coverage, applications and services. This includes both public and private 5G networks, verticals and specific implementations such as complementary smart city coverage. It also discusses the technological support of 5G satellite services such as artificial intelligence and the use of blockchain. The forecast includes global and regional markets from 2021 to 2026.
The business drivers for satellite communications and applications are clear. Satellites provide coverage in areas where terrestrial wireless cannot. In fact, terrestrial wireless only covers about 12% of the globe. Some verticals, such as the marine industry, require global coverage. This will be particularly important as shipping begins to embrace autonomous transport, as ships will continue to need ship-to-shore communications as well as a new need for signaling with on-board sensors for navigation and ship controls.
The asset management industry also needs satellite systems for coverage in support of fleet tracking, supply chain management, and general asset tracking needs. The advent of advanced Internet of Things (IoT) solutions leveraging machine-to-machine communications and other supporting technologies enables anytime, anywhere, any type of asset tracking. Satellites provide seamless M2M communications for the IoT-based asset tracking market.
While GPS provides most of this today, it is not the best solution for applications that are sensitive to latency and / or those that require high bandwidth. The market needs additional types of satellites to provide on-demand bandwidth, uninterrupted connectivity, and support for critical operations that require ultra-reliable communications.
This is similar to the business case for 5G in private networks such as industrial applications which are time sensitive. As 5G is poised to dramatically increase terrestrial radio density, coverage is not a strong point, and hence the need for satellites to fill in the gaps. Satellites will also be an option for 5G backhaul.
Satellite services also provide coverage for business solutions that are often problematic and / or in remote areas such as mining operations, deep water and agriculture in third world countries. Satellite services are also important in some industries that require continuous network coverage, such as oil and gas, transportation systems involving hybrid networks for autonomous vehicles, and other essential services. In addition to providing continuous coverage in areas not passable by terrestrial systems, satellites can also provide continuous service in the event of terrestrial systems service failure.
However, satellite services have some drawbacks, including cost and signal latency. The former is on a downward trajectory and the latter will be solved by low earth orbit (LEO) satellite systems. The advantage of LEOs is that they have much lower latency due to their shorter distance to the Earth’s surface, but there is a need for much more than average Earth orbit or geosynchronous satellites. and there is also a need for frequent handover from one LEO satellite to another. Fortunately, LEO satellites are also much smaller than GEOs, often weighing as little as 10kg (compared to 1000kg or more for GEOs) and therefore require cheaper launchers.
One of the additional factors for LEO vs GEO is that there are a limited number of orbital slots available for GEO satellites. However, LEOs aren’t the perfect solution as there are concerns about plans by SpaceX, OneWeb, and even Amazon to collectively launch thousands of satellites into orbit, turning Earth’s atmosphere into a sea of machines. To partially address this issue, SpaceX has asked the FCC for permission to adjust the orbital spacing of its satellites to facilitate three orbital planes rather than one, which they say will speed up deployment by taking advantage of one area. broader service.
Select the report results:
Coupled with drone solutions, LEO-based satellites will change the face of modern communications, because wherever communications becomes a reality for virtually any application and industry.
The global satellite services market will generate economic development value up to 50 times the combined cost of capital expenditure to deploy infrastructure and operational expenditure to maintain systems
Satellite markets are rapidly expanding beyond traditional verticals such as government, shipping and aerospace to include many B2B and consumer-oriented business applications and services.
Emerging satellite solutions are poised to cover a substantial percentage of the globe that was previously economically or even physically inaccessible, creating market development opportunities for emerging economies
Various Internet of Things and People (IoTP) solutions will emerge as satellite services enable combined M2M and people-oriented services to deliver IoTP solutions that exploit the interaction between people and things as well as the interrelationships between the physical world and the cyberworld. worldwide.
Airbus Defense and Space
Antrix Company Limited
ARA antenna search
Ball Aerospace & Technologies Corp
Blue Sky Network
Boeing Defense; Space and security
Campbell Scientific, Inc.
Commercial Space Technologies Ltd.
Communications & Power Industries LLC
Comtech PST Corp
Comtech Telecommunications Corp.
Digisat International Inc.
EchoStar Mobile Limited
Eurockot launch services
General Dynamics mission systems
Gilat satellite networks
GK Launch Services
Holkirk Communications Ltd
Hughes Satellite Systems Company
L3 Harris Technologies
Mitsubishi Heavy Industries Launch Services
Newtec CY NV
ORBCOMM Europe Holding BV
Orbital tracking company
SatCom Global Ltd
Space star technology
Space systems / Loral
Thales Space Alénia
United launch alliance
For more information on this report, visit https://www.researchandmarkets.com/r/d3vnux
Research and markets
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SOURCE Research and Markets