The fixed satellite services market was valued at US$24.368 billion in 2022.
Fixed Satellite Services (FSS) is a Satellite communication service between fixed earth stations, using one or more satellites. The fixed earth stations may be at a specific location or within a specified area. At times, this assistance incorporates satellite-to-satellite connections, which may likewise be worked in between satellite help. The FSS may also include feeder links for other space radiocommunication services. This radiocommunication service is classified by ITU Radio Regulations as Fixed service, Fixed-satellite service, Inter-satellite service, Earth exploration-satellite service, and Meteorological-satellite service. Satellites are a cost-effective and reliable way to provide broadband communication to remote and rural areas, as well as during natural disasters. They can cover a large area with minimal additional cost, and they are not affected by terrestrial infrastructure damage. The development of new ground systems, such as VSATs, has made satellite communication even more versatile and accessible.
Introduction:
The Fixed Satellite Services (FSS) market operates in the telecommunications industry, specifically in the field of satellite communications. This market deals with the provision of communication services by satellites, enabling the transmission of data, voice, and video signals over long distances. FSS networks are utilized for various applications, including broadband internet access, television broadcasting, telephony, and remote sensing. Satellites in the FSS market are deployed in geostationary orbit, providing coverage to specific regions or the entire globe, depending on the network's design and purpose. The FSS market is highly competitive, with a few major players dominating the industry due to their established infrastructure and market share. The market is expected to grow significantly in the coming years, driven by the increasing demand for high-speed internet and data communications.
Drivers:
Products offered by key companies:
Prominent growth in the broadband and enterprise network segment within the fixed satellite services market:
The broadband and enterprise network segment is a prominent growth area within the Fixed Satellite Services (FSS) market. The growing demand for data communications and the need for high-speed internet is driving the growth of the broadband segment in the FSS market. The expansion of cellular backhaul services, which enable mobile network operators to extend their coverage to remote areas, is driving the growth of the enterprise network segment in the FSS market. The development of new satellite technologies, such as high-throughput satellites (HTS), has enabled FSS providers to offer higher bandwidth and more efficient services, making them more attractive to enterprise customers. Governments are investing in satellite technology for national security and defense purposes, which is driving the growth of the enterprise network segment in the FSS market.
The Asia Pacific region is expected to hold a significant share of the fixed satellite services market:
The Asia Pacific region is expected to hold a significant share of the fixed satellite services market due to several factors. The Asia Pacific region has a large and growing population, with increasing demand for high-speed internet services. The expansion of cellular backhaul services in the Asia Pacific region is driving the growth of the FSS market, as satellites are well-suited for providing coverage to remote areas. Governments in the Asia Pacific region are investing heavily in satellite technology to enhance their national security and defense capabilities. The region is seeing a rise in the demand for small satellites, which are used for a variety of applications, including earth observation, remote sensing, and communication services.
Key developments:
| Report Metric | Details |
|---|---|
| Study Period | 2021 to 2031 |
| Historical Data | 2021 to 2024 |
| Base Year | 2025 |
| Forecast Period | 2026 – 2031 |
| Report Metric | Details |
| Market Size Value in 2022 | US$24.368 billion |
| Growth Rate | CAGR during the forecast period |
| Base Year | 2022 |
| Forecast Period | 2024 – 2029 |
| Forecast Unit (Value) | USD Billion |
| Segments Covered |
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| Companies Covered |
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| Regions Covered | North America, South America, Europe, Middle East and Africa, Asia Pacific |
| Customization Scope | Free report customization with purchase |
Segments