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Rise in Adoption of HDTV Channels Expected to Drive Global Fixed Satellite Service Market: Ken Research

Fixed satellite services or FSS is a communication service that uses radio frequencies (RF) in order to communicate between several stations that are used for television signals (for broadcasting) and telephone calls. It conveys valuable data to security services and national intelligence in order to fight terrorism & crime. It operates in the C-band, Ku-band, X-band, and Ka-band that offers them better connectivity & data transfer speed. It serves its users with a secure or fixed prescribed spectrum and also produces backup for fiber-optic cables, which makes the satellite communication an exclusive choice for multi-point communication. It is extensively used by military organizations, governments, as well as small & large business firms across the globe.

According to study, “Global Fixed Satellite Service Market 2019 by Company, Regions, Type, and Application, Forecast to 2024” the key companies operating in the global fixed satellite service market are SES SA, Eutelsat Communications, Telenor Satellite Broadcasting, Intelsat SA, SingTel Optus, Nigerian Communications Satellites Ltd., Arab Satellite Communications Organization, Embratel Star One, Telesat Holdings, Arabsat, SKY Perfect JSAT, Singapore Telecommunications Ltd (Singtel), AsiaSat, Star One, Russia Satellite Communication, Hispasat SA, China Satellite Communications, Thaicom Public Company Ltd. The key players with high market shares in the market are directing on expanding their customer base across foreign countries. These companies are frequently seeking strategic collaborative initiatives to enhance their market share and boost their profitability. The companies are also collaborating or acquiring firms working on fixed satellite services to reinforce their product capabilities.

Based on services, the fixed-satellite service market is segmented into a TV channel broadcast, broadband services, telecom backhaul, military satellite communication, and content & video distribution. Based on the organization size, the market is segmented into small offices & home offices, small & medium businesses, and large enterprises. In addition, based on end-users, the market is segmented into media & entertainment, government, education, aerospace & defense, IT & communications, oil & gas, retail and others.

The fixed-satellite service market is driven by growth in demand for consumer broadband & corporate enterprise networks, followed by an increase in demand for new Television (TV) platforms & technologies, emerging Direct-to-Home (DTH) TV platforms, rise in the adoption of high-definition television (HDTV) channels and rise in need for high-throughput connectivity in oil & gas sector. However, limited orbital locations & regulatory constraints and the requirement of high capital investment may impact the market. Moreover, growth in Ka-Band services and an increase in the use of high throughput satellite (HTS) for broadband connectivity is a key opportunity for the market.

Based on geography, the European region holds the major share in the fixed-satellite service market owing to the presence of a large number of service providers in the region. Whereas, the Asian-Pacific and North-American regions are likely to exhibit a higher growth rate due to the increase in the use of transponders in the media & entertainment industry coupled with growth in demand from corporate enterprise over the forecast period. In the upcoming years, it is estimated that the future of the market will be bright as a result of a rise in expenditure on military satellite communication during the forecast period. It is anticipated that the market will be reached at the US $25.7 billion by 2024, registering a CAGR of around 4% during 2019-2024.

To Know More, Click On The Link Below:-

Global Fixed Satellite Service Market

Related Reports:-

Global Fixed Satellite Service Market Status (2015-2019) and Forecast (2020-2024) by Region, Product Type & End-Use

Global Fixed Satellite Services Market Report 2019, Competitive Landscape, Trends and Opportunities

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