India Satellite Communication Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Market Size (2024) | USD 2.62 Billion |
| Market Size (2029) | USD 5.80 Billion |
| CAGR (2024 - 2029) | 17.27 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
India Satellite Communication Market Analysis
The India Satellite Communication Market size is estimated at USD 2.62 billion in 2024, and is expected to reach USD 5.80 billion by 2029, growing at a CAGR of 17.27% during the forecast period (2024-2029).
The rising demand for satellite-based services, increasing investment in the space sector, and growing adoption of satellite-based applications are driving the market in India.
- The growing number of internet users, increasing penetration of televisions, and rising adoption of the navigation system in the country are propelling the demand for satellite-based services, including broadband internet and satellite television. Many far-flung, sparsely populated areas may not have terrestrial coverage. Satellites can help bridge this gap by connecting the most remote areas.
- The satellite communication market is rapidly growing in India, with the government investing heavily in developing new satellite systems. The Indian National Satellite System (INSAT) is Asia-Pacific's largest domestic communication satellite system, with nine operational satellites in geostationary orbit.
- The Development and Educational Communication Unit (DECU) recently announced that it had implemented nationwide Satellite Communication Ground Systems for various societal applications for the citizens of India. The initiative promotes using space technology to contribute to overall national development.
- Satellite-based communication services in India can be availed from companies including Bharat Sanchar Nigam Ltd (BSNL), RelianceJio Infocomm Limited, and lnfotel Satcom Pvt. Ltd that are licensed by the Department of Telecommunication (DoT).
- Satellite communication has become pivotal for the entertainment sector, enabling the timely dissemination of news and entertainment, especially crucial during the COVID-19 era when people were largely confined to their homes. This heightened reliance significantly bolstered the market under study. As per TRAI, in 2023, India boasted 903 satellite television channels, showcasing a notable uptick from the preceding year. Notably, the Indian Space Research Organization (ISRO) is the nation's primary provider of satellite television services.
India Satellite Communication Market Trends
Growth of Internet of Things (IoT) and Autonomous Systems
- Satellites are being used to connect IoT devices in rural and urban areas of India, where terrestrial networks are unavailable. With the rising number of businesses demanding high-speed internet access, satellite broadband is becoming a more attractive option, especially in rural areas.
- Autonomous systems such as drones and robots are increasingly being used to monitor and control assets in remote locations. It requires high speed and reliable communications offered by satellites.
- In November 2022, the private sector satellites announced the launch of onboard Indian Space Research Organisation's PSLV C-54 mission. Besides the Earth Observation-06 satellite of ISRO, the PSLV C-54 mission also placed in orbit six other satellites, including Thybolt 1 and 2, created by Hyderabad-based DhruvaSpace. The two Thybolt satellites developed by DhruvaSpace will demonstrate the ability to conduct amateur satellite communication, which may help radio operations.
- Manufacturers in the country are contributing to the development of advanced satellites integrated with IoT technology. For instance, in June 2023, Ananth Technologies, an Indian aerospace manufacturer, reported its milestone contribution to the SSLV-D2 launch by ISRO. JANUS-1 is a software-defined 6U technology with its master systems integrator (MSI) developed by the company. JANUS-1 carries five different payloads, including IoT and communication systems.
Defense and Government Sector is Expected to Witness Significant Growth in the Market
- The Indian defense industry increasingly utilizes satellite communication to communicate and coordinate effectively, even in remote areas. It provides troops with a real-time view of the battlefield, which can help them make better decisions and respond to threats more effectively.
- According to SIPRI, the the Indian military spending in 2023, is USD 83.6 billion. The government is further supporting the development of satellites in the defense industry.
- For instance, the Indian Defense Ministry approved an INR 4,000 crore (approx. USD 485.79 million) proposal in March 2022 to fund a specialized surveillance satellite to monitor activity along the borders with China and Pakistan. The Indian Navy and Air Force already have their dedicated satellites, and the clearance will aid the Indian Army in achieving this capacity. The GSAT 7B satellite project will be carried out in collaboration with the ISRO and help the Indian Army's border surveillance.
- In March 2023, the Indian Army announced to have its top-end communication satellite with the defense ministry as the ministry signed INR 3,000 crore (approx. USD 363.87 million) agreement with NewSpace India Limited for an advanced five-ton class communication satellite for the land forces. A contract with NewSpace India Limited has been signed to procure an advanced communication satellite GSAT-7B. The project costs INR 2,963 crore (approx. USD 359.39 million).
India Satellite Communication Industry Overview
The market is moderately consolidated, with several vendors competing to gain significant market presence through organic growth strategies such as collaborations, partnerships, and new launches, some of which are mentioned below.
- September 2022 - Hughes Communications India (HCI) announced the launch of a high-throughput satellite (HTS) service, utilizing the GSAT satellites of the Indian Space Research Organisation (ISRO). The Hughes HTS service provides high-speed broadband nationwide, including the most distant regions, by combining Ku-band from ISRO's GSAT-11 and GSAT-29 satellites with the business's Jupiter platform.
- September 2022 - Jio Infocomm's satellite unit announced receiving a letter of intent (LoI) from the Telecom Department for satellite communication services. The licenses are for a period of 20 years, and the offering under GMPCS includes voice and data services via satellite.
India Satellite Communication Market Leaders
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Hughes Communications India Ltd.
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Tata Communications
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ViaSat Inc
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OneWeb
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Bharti Airtel Limited
*Disclaimer: Major Players sorted in no particular order
India Satellite Communication Market News
- April 2024 - SIA-India, the premier space association in India, and ABRASAT, a key player in Brazil's Satellite Communications sector, have formalized a partnership via a Memorandum of Understanding (MoU). The primary goal of this collaboration is to bolster cooperation and drive advancements in the space industries of both nations.
- April 2024 - Tata Advanced Systems Ltd, a subsidiary of TATA, in partnership with Satellogic, has successfully launched India's inaugural private sector-designed sub-meter resolution earth observation satellite, TSAT-1A. The satellite was launched from the Kennedy Space Centre in Florida, utilizing SpaceX's Falcon 9 rocket.
India Satellite Communication Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Assumptions and Market Definition
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET INSIGHTS
4.1 Market Overview
4.2 Industry Attractiveness - Porter's Five Forces Analysis
4.2.1 Bargaining Power of Buyers
4.2.2 Bargaining Power of Suppliers
4.2.3 Threat of New Entrants
4.2.4 Threat of Substitutes
4.2.5 Intensity of Competitive Rivalry
4.3 Industry Value Chain Analysis
4.4 Assessment of the Impact of COVID-19 on the Market
5. MARKET DYNAMICS
5.1 Market Drivers
5.1.1 The Growth of Internet of Things (IoT) and Autonomous Systems
5.1.2 Increasing Demand for Military and Defense Satellite Communication Solutions
5.2 Market Restraints
5.2.1 Cybersecurity Threats to Satellite Communication
5.2.2 Interference in Transmission of Data
6. MARKET SEGMENTATION
6.1 By Type
6.1.1 Ground Equipment
6.1.1.1 Gateway
6.1.1.2 Very Small Aperture Terminal (VSAT)
6.1.1.3 Network Operation Center (NOC)
6.1.1.4 Satellite News Gathering (SNG)
6.1.2 Services
6.1.2.1 Mobile Satellite Services (MSS)
6.1.2.2 Earth Observation Services
6.2 By Platform
6.2.1 Portable
6.2.2 Land
6.2.3 Maritime
6.2.4 Airborne
6.3 By End-user Vertical
6.3.1 Maritime
6.3.2 Defense and Government
6.3.3 Enterprises
6.3.4 Media and Entertainment
6.3.5 Other End-user Verticals
7. COMPETITIVE LANDSCAPE
7.1 Company Profiles*
7.1.1 Jio Satellite Communications Ltd
7.1.2 Hughes Communications India Ltd
7.1.3 Tata Communications
7.1.4 ViaSat Inc.
7.1.5 OneWeb
7.1.6 Nelco
7.1.7 Orbcomm Inc.
7.1.8 Thales Group
7.1.9 Bharti Airtel Limited
7.1.10 Precision Electronics Limited (PEL)
7.1.11 Avantel Ltd
8. INVESTMENT ANALYSIS
9. MARKET OPPORTUNITIES AND FUTURE TRENDS
India 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 report offers market forecasts and size in value (USD) 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.
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| By Platform | |
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| Land | |
| Maritime | |
| Airborne |
| By End-user Vertical | |
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| Defense and Government | |
| Enterprises | |
| Media and Entertainment | |
| Other End-user Verticals |
India Satellite Communication Market Research Faqs
How big is the India Satellite Communication Market?
The India Satellite Communication Market size is expected to reach USD 2.62 billion in 2024 and grow at a CAGR of 17.27% to reach USD 5.80 billion by 2029.
What is the current India Satellite Communication Market size?
In 2024, the India Satellite Communication Market size is expected to reach USD 2.62 billion.
Who are the key players in India Satellite Communication Market?
Hughes Communications India Ltd., Tata Communications, ViaSat Inc, OneWeb and Bharti Airtel Limited are the major companies operating in the India Satellite Communication Market.
What years does this India Satellite Communication Market cover, and what was the market size in 2023?
In 2023, the India Satellite Communication Market size was estimated at USD 2.17 billion. The report covers the India Satellite Communication Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the India Satellite Communication Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
India Satellite Communication Industry Report
Statistics for the 2024 India Satellite Communication market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. India Satellite Communication analysis includes a market forecast outlook to for 2024 to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
