Germany Satellite Communications Market Size (2024 - 2029)

Germany Satellite Communications Market Analysis

The German satellite communication market was valued at USD 1.56 Billion in the past year, and it is expected to grow at a CAGR of 14.87% during the forecast period to USD 3.52 Billion by the next five years.

• Satellite communication has grown in popularity in relaying information and creating communication among military personnel in the defense and military sectors. It also aids in satellite asset tracking and remote sensing. For example, life safety at sea is becoming increasingly important in the defense sector. Various governments invest in communication technologies like navigation systems and vessel tracking. The German government is vital in promoting maritime security, as the marine industry contributes to the region's economic prosperity.
• As satellite technology developed, end users' direct access to capacity has become a severe problem. Instead of the traditional emphasis on network connectivity, ISOs and independent satellite systems are increasingly directing satellite technology toward providing services to end consumers. The conventional wisdom in satellite communication has been that the size of the receiving equipment and the power radiated from a satellite must be traded off. The most cost-effective systems for connecting a relatively small number of sites employed low-powered satellites sending signals to big stationary earth stations.
• The industry's dependence on government contracts in various areas, including the highly reliable and survivable nature of satellite communications services essential for disaster communications and backup services, may insulate the industry from some of the more severe impacts of the global pandemic.
• The demand for broadband communications remains strong and is not necessarily geographically restricted. Such demands include connectivity requirements for users on aircraft, ships, and vehicles (including first responders) operating in fixed places and while in motion. These three platforms require constant connectivity along their travel itineraries, frequently passing through unserved sections of major metropolitan centers and less heavily inhabited areas. Such developments are projected to aid in the market's growth under consideration.
• According to the Satellite Business Association, the commercial satellite industry has proven critical in controlling the COVID-19 pandemic. The demand for satellite communication has increased due to its numerous applications in providing voice, data, and broadcast communications solutions, as well as navigation, earth observation, remote sensing, and other specialized services essential for businesses, government clients, and consumers domestically and globally. International space agencies, like NASA, have employed communication satellites to illustrate COVID-19's global consequences.

Germany Satellite Communications Industry Segmentation

The Germany Satellite Communication (SATCOM) market is defined based on the revenues generated from the types used in various end-user industries such as maritime, defense & government, enterprises, and media & entertainment, among other end-user industries. The analysis is based on the market insights captured through secondary research and the primaries. The market 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) and end-user industries (Maritime, Defense & Government, Enterprises, Media & Entertainment, and other end-user industries). Common satellite communication services include voice calling and internet access for different applications. The study tracks the key market parameters, underlying growth influencers, and major vendors operating in the industry, which supports the market estimations and growth rates over the forecast period. The study also tracks the revenue accrued through the sale of grown equipment and communication services that are being used in various end-user industries across geography. In addition, the study provides the SATCOM market trends, along with key vendor profiles. The study further analyses the overall impact of COVID-19 on the ecosystem.