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Global Fixed Satellite Services (FSS) Market - Segmented By Service (TV Channel Broadcast, Telecom Backhaul, Broadband Services, Content And Video Distribution, Military Satellite Communications), By Organization Size (Small Offices And Home Offices, Small And Medium Businesses And Large Enterprises), By End User (Media And Entertainment, Education, Government, IT And Communications, Retail, Oil & Gas, Aerospace And Defense) And By Geography – Forecast (2022 to 2027)

Published: March, 2023
ID: 11954
Pages: 150
Formats: report pdf report excel report power bi report ppt

Global Fixed Satellite Services (FSS) Market Size & Growth (2022 - 2027)

The Fixed Satellite Services (FSS) Market was worth US$ 15.15 billion in the year 2021, and it is estimated to reach a valuation of US$ 24.02 billion by the end of 2026, expanding at an annual growth rate of 5.25% between 2021 and 2026. The growing sales of smartphones is a factor that is expected to lead the Fixed Satellite Services (FSS) market during the outlook period.

In general, the Fixed Satellite Services (FSS) is nothing but a radio communication service between earth stations at the given positions that is used for the services such as telephone calls, television signals for the broadcasting whereas these fixed satellite services provides valuable source information to the national intelligence and also the security organizations to fight crime and terrorism. Normally, the satellites which are used for fixed satellite services will generally have a low power output and it also requires large dish style antennas for reception. These fixed satellite services helps the providers to reduce the time to market for new services and also to improve the customer experience on the real time basis.

Market Drivers

Several benefits such as inflating income levels, high speed internet which has become one of the necessities for the communication is expected to play an essential role in the growth of market of Fixed Satellite Services (FSS) across the globe. Another factor such as increasing of expenditure on military satellite communications, telecom backhaul, content and broadcast delivery, enterprise and broadband connectivity across the globe which influence the growth of Fixed Satellite Services (FSS) market during the outlook period. Rising number of enterprises in the world and also the entry of new industry players, rising adoption of HDTV channels and emerging DTH TV platforms, Technology innovation and advancement are some of the major driving factors which promotes the growth of the revenue rate of Fixed Satellite Services (FSS) market during the forecast period.

Market Restraints

High Initial investment for launching the satellite is one of the important barriers to market growth. Also, the lack of skilled professionals and competition from various key players and stringent government regulations and also the challenges related to deployment of application requiring critical role of ground station equipment vendors acts as an important restraints to the growth of the Fixed Satellite Services (FSS) market.

GLOBAL FIXED SATELLITE SERVICES (FSS) MARKET REPORT COVERAGE:

REPORT METRIC

DETAILS

Market Size Available

2020 – 2026

Base Year

2020

Forecast Period

2022 - 2027

CAGR

5.25%

Segments Covered

By Service, Organization Size, End Use, and Region.

Various Analyses Covered

Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities

Regions Covered

North America, Europe, APAC, Latin America, Middle East & Africa

Market Leaders Profiled

Singapore Telecommunications Ltd (Singtel), Embratel Star One, Eutelsat Communications, Thaicom Public Company Ltd, Nigerian Communications Satellites Ltd, Telenor Satellite Broadcasting, Telesat Holdings, SKY Perfect JSAT Holdings, SES S.A, Arabsat, Hispasat, Intelsat S.A, etc and Others.

 

Market Segmentation

The Fixed Satellite Services (FSS) market is segmented based on service, based on organization size and based on end user.

Global Fixed Satellite Services (FSS) Market - By Service:

the Fixed Satellite Services (FSS) Market is segmented into telecom backhaul, broadband services, TV channel broadcast, content and video distribution, military satellite communications. Among these segments, the TV channel broadcast segments held the prominent share followed in terms of revenue and is predicted to remain at the forefront throughout the forecast period.

Global Fixed Satellite Services (FSS) Market - By Organization Size:

the Fixed Satellite Services (FSS) Market is segmented into small offices and home offices, small and medium businesses and large enterprises. Among these segments, the small and medium businesses segment holds the major share of the market and this small and medium businesses segment is expected to hold the dominance during the forecast period.

Global Fixed Satellite Services (FSS) Market - By End User:

the Fixed Satellite Services (FSS) Market is divided into media and entertainment, education, government, IT and communications, retail, oil & gas, aerospace and defense and other types of end users. Among these segments, the media and entertainment segment held prominent share of the market.

Regional Analysis

On the basis of region, the Fixed Satellite Services (FSS) market is segmented into North America region, Asia Pacific region, Europe region, Latin America region and Middle East and Africa region.

North America region hold the prominent share of the market due to the factors such as increasing usage of Ka-band to serve the rising need for network users, presence of large customer base along with the ever changing competitive and regulatory landscape promotes the growth of the market in the North America region. Furthermore, the gradual rise in Fixed Satellite Services (FSS) adoption in the region especially in some of the countries such as US, Canada and Mexico propels the growth of the market. The North America region is expected to hold the dominance during the forecast period.

Asia Pacific region is also expected to increase the market growth due to the factors such as increasing of expenditure on military satellite communications, rising number of enterprises in the world and also the entry of new industry players in some of the major economies of the region such as India, China and Japan propels the growth of the revenue rate of the enterprises software market during the forecast period. Furthermore, the increasing of investments by the major key players of the market for R & D activities and also for the new advancements in the technology is also one of the major driving factor which promotes the growth of the revenue rate of the Fixed Satellite Services (FSS) market.

Following North America, Europe is holding the largest shares of the fixed satellite services (FSS) market. Growing demand to improve the services through satellites is likely to flourish the growth rate of the market in Europe. Growing support from the government bodies is also enhancing the demand of the market.

Key Players

Key market participants of Fixed Satellite Services (FSS) market are Singapore Telecommunications Ltd (Singtel), Embratel Star One, Eutelsat Communications, Thaicom Public Company Ltd, Nigerian Communications Satellites Ltd, Telenor Satellite Broadcasting, Telesat Holdings, SKY Perfect JSAT Holdings, SES S.A, Arabsat, Hispasat, Intelsat S.A, etc.

Impact of COVID-19 for Fixed Satellite Services (FSS) Market

Unlike the other industries, the fixed satellite services market has gained at a good revenue rate during the COVID 19. As we all know that, due to the COVID 19 pandemic, almost all the industries have faced a lot of problems due to the lockdown situations imposed by the respective government authorities to reduce the spread of the corona virus. Because of the lockdown situations, most of the companies have shut down their operations and allowed their employees to work from home to continue some of the operational aspects. The Fixed Satellite Services (FSS) market has a significant growth rate before the pandemic and as per the analysis from the experts that this market will get an impeccable growth rate after the pandemic.

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