MarkNtel Advisors analyses the growth rate of the Sky Based Communication market in the forecast period from 2021 to 2026. In addition to comprehensive market insights such as market value, growth rate, market segmentation, key market players, and market dynamic. This detailed analysis aims to provide valuable information for stakeholders in the Sky Based Communication market, helping them make informed decisions.
Market Outlook – 2021-2026:
The Global Sky Based Communication Market is projected to grow at a CAGR of around 28% during the forecast period, i.e., 2021-26, says MarkNtel Advisors. The market growth attributes primarily to the growing need of the rapidly expanding aerospace & defense sectors worldwide to attain secure communication lines with timely data transmission using digital mediums. Besides, the increasing number of satellite launches for communication and the mounting need for uninterrupted communication in military & defense applications are other crucial aspects that shall soar the demand for sky-based communication systems in the forecast period.
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Key Company Profiles
This report explores recent significant developments in the Sky Based Communication Market, focusing on the leading companies and their innovative profiles. The major players in the Sky Based Communication Market, featured in this report, include:
- SES S.A.
- Honeywell Corporation
- Viasat, Inc.
- Intelsat
- Telesat
- EchoStar Corporation
- L3 Technologies, Inc.
- Thuraya Telecommunications Company
- SKY Perfect JSAT Group
- GILAT SATELLITE NETWORKS
- Cobham Limited
- Thales Group
- General Dynamics
- Satcom Global
- Newtec
- Hughes Network Systems
- Iridium
- Harris
- Avl Technologies
- Aselsan
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Market Segmentation & Coverage
This research report by MarkNtel Advisors categorizes the Sky Based Communication Market to forecast revenues and analyse trends across each of the following sub-markets:
- By Applications
- Telecommunication
- Broadband
- Navigation
- Remote Sensing
- Broadcasting
- Data communications
- Others
- By Platform
- Satellites
- By Frequency
- L & S Band (1-4 GHZ)
- C & X Band (5-12 GHZ)
- Ku & Ka Band (13-40 GHZ)
- UAVs
- High Altitude Platform Stations
- By Frequency
- Satellites
Of them all, the Satellite platform attained a significant market share during 2016-20. Satellite-based communication offers enhanced reliability, better coverage, and real-time transmission of high-quality & extensive data.
- By Components
- Modems
- Gateways
- Antennas
- Transponders
- Receivers & Transmitters
- Others
- By End Users
- Maritime
- Aerospace & Defence
- Industrial
- Transportation & Logistics
- Media
- Government & Public Safety
- Agriculture
- Others
- By Region
- North America
- South America
- Asia-Pacific & Oceania
- Middle East & Africa
- Europe
Key Drivers: Burgeoning Adoption of IoT in the Aviation Industry to Drive the Market
The governments of different countries are actively taking various initiatives & investing substantially in the research & development on integrating new technologies like the Internet of Things (IoT) & Artificial Intelligence (AI) in satellites. The aviation industry is witnessing an increasing utilization of IoT, which requires extensive & secure network connections for their operations. It, in turn, is boosting the demand for satellite communication to provide these systems with the needed communication channels. IoT devices, using satellite connectivity, transmit & exchange real-time data between IoT systems & components used in these domains, which helps optimize aviation operations. Hence, these aspects are projected to drive the Global Sky-Based Communication Market in the coming years. Some other aspects that shall boost the market include:
- Massive investments in 5G deployment that require higher bandwidth, which, in turn, is leading to more number of satellites getting launched
- Increasing need for maritime satellite communication
- Mounting adoption of satellites for real-time data tracking
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Key Questions Addressed:
- Market Size and Growth Projections: What is the current size of the market, and how is it expected to grow?
- Investment Opportunities: Which products, segments, and regions present the most attractive investment opportunities?
- Technology Trends and Regulatory Influences: What are the prevailing technology trends and regulatory factors influencing the market?
- Competitive Ranking: How do top vendors rank regarding market share and competitive positioning?
- Revenue Sources and Strategic Opportunities: What revenue sources and strategic opportunities guide vendors’ market entry or exit decisions?
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