China Satellite Communication Market Size (2024 - 2029)

China Satellite Communication Market Analysis

The Chinese satellite communication market is expected to grow from USD 4.84 billion in the current year. It is expected to record a CAGR of 13.06% during the forecast period, reaching USD 8.91 billion by the next five years.

• China's satellite communication market is swiftly expanding, owing to the country's increasing need for small satellites for earth observation services in a variety of industries, including civil engineering, agriculture, energy, and oil and gas, which are speeding up satellite communications. China launched many communication satellites, notably the Tianlian series for space tracking and data relay and the ChinaSat series for domestic communication.
• Small satellite technology is enhancing ground operations for broadband services, mobile satellite communication, and high-speed internet. These satellites provide clear images for reasonable investments. The government-led expansion projects for the Pearl River Delta and the China Belt and Road Initiative are also anticipated to accelerate the market's growth throughout the projection period.
• Additionally, the sector has seen the emergence of the IoT, which will likely augment SATCOM's market share. During the forecast period, the market is anticipated to grow as IoT use increases in the aviation sector. Applications for IoT-based devices and systems in the aviation sector communicate real-time data with processing units, which aids in streamlining operations in the sector. Additionally, satellite connection is utilized by IoT devices to transmit and exchange real-time data across the IoT systems and components employed in these domains, minimizing the process' overall time of the process.
• On the other hand, as launching a satellite to transmit data is very sensitive, cybersecurity has grown to be a major concern for satellite communication. The launch systems, communications, telemetry, tracking and command, and mission completion are some of the mission-critical vulnerabilities prone to cybersecurity attacks. Satellite communication's over-reliance on secure cyber capabilities throughout the satellite's lifetime is a key concern that prevents widespread adoption.

China Satellite Communication Industry Segmentation

Satellite communication is the transfer of data and information via satellites orbiting the Earth. It enables long-distance communication by relaying signals between ground stations and satellite receivers in orbit, enabling television broadcasts, internet access, and phone calls. The satellite communication (SATCOM) market is defined based on the revenues generated from the types used in various end-user verticals such as maritime, defense and government, enterprises, and media and entertainment. The analysis is based on the market insights captured through secondary research and the primaries. The report also covers the major factors impacting the market's growth in terms of drivers and restraints.

The scope of the study has been segmented based on the type of satellite communication equipment and services (ground equipment (a gateway, very small aperture terminal (VSAT) equipment, network operation center (NOC), and satellite newsgathering (SNG) equipment) and services (mobile satellite services (MSS), fixed satellite services, and earth observation services), platform (portable, land, maritime, and airborne), and end-user vertical (maritime, defense and government, enterprises, media and entertainment, and other end-user verticals). Common satellite communication services include voice calling and internet access for different applications. The market sizes and forecasts are provided in terms of value (USD billion) for all the above segments.

The study tracks the key market parameters, underlying growth influencers, and major vendors operating in the industry, supporting the market estimations and growth rates over the forecast period. In addition, the study provides the SATCOM market trends, along with key vendor profiles. The study further analyzes the overall impact of COVID-19 on the ecosystem.