Italy Satellite Communication Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

Italy Satellite Communication Market Analysis

The Italy satellite communication market was valued at 0.38 billion in the current year and is expected to grow at a CAGR of 11.05% during the forecast period to become 0.64 billion by the next five years. The satellite communication market in the country is driven by the increasing adoption of advanced technologies in various sectors, coupled with the growing demand from the government sector.

• The satellite communication market in Italy has witnessed substantial growth in the past few years, owing to increasing demand from the defense and government sector and enterprise sectors coupled with growing new launches from market vendors in the country. Moreover, the increasing demand for broadband communications in the country further provides growth prospects for market vendors to deploy their satellite communication services.
• Additionally, the growth in the adoption of advanced technologies in various end-user sectors nationwide further drives the need for enhanced, secure, reliable and high-speed communication in the country, thus increasing the satellite communication market. These end-user enterprises in the country heavily utilize Satcom services to collect operational data, improve efficiency, and realize sustainable business practices.
• The satellite communication providers are also expected to gain substantial growth opportunities in the 5G deployments across the country. For instance, in June 2022, Telecom Italia (TIM), a satellite communication and telecom firm in Italy, secured EUR 725 million (~USD 796.93 Million) tenders for a 5G rollout.
• However, the Cybersecurity challenges in satellite communication have become a major concern as launching a satellite to transmit data is highly sensitive. Furthermore, because the vulnerabilities are mission-critical, the difficulty is the negative effect that such cybersecurity threats can have. The launch systems, communications, telemetry, tracking and command, and mission completion are among the mission-critical vulnerabilities vulnerable to cybersecurity threats. Such factors may hinder the growth of the market in the country.
• During the COVID-19 pandemic, Satcom services gained significant traction to provide efficient communication. For instance, ESA announced funding 'Space in response to COVID-19 outbreak' in partnership with the Italian Minister for Technological Innovation and Digitalisation and the support of the Italian Space Agency. Through the announcement, ESA invited companies to submit their ideas for deploying and demonstrating services to respond to the emergency in Europe, especially in Italy, due to the coronavirus.

Italy Satellite Communication Market Trends

Defense and Government Segment is Anticipated to Hold Significant Market Share

Italy Satellite Communication Industry Segmentation

Satellite communication transfers 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-use industries such as Maritime, Defense & Government, Enterprises, and Media & Entertainment, among other end-users. 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), platform (portable, land, maritime, and airborne), 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 market sizes and forecasts are provided regarding value (USD) for all the above segments.

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 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.