Nigeria Satellite Communications Market Size (2024 - 2029)

Nigeria Satellite Communications Market Analysis

The Nigeria satellite communications market was valued at 220.0 million in last year and is expected to register a CAGR of 5.21% during the forecast period to reach around 300 million. In Nigeria, satellite communication is used for various applications across industries, such as media broadcasting, an extension of broadband coverage, 5G communications systems, integration and convergence of diverse wired and wireless technologies, earth observation, defense and security, and surveillance applications.

• Factors like the rising demand for mobile broadband, the growing use of smartphones and smart wearable devices, and the surging demand for mobile video adoption are expected to drive the growth of 5G over the forecast period, which is expected to aid the growth of the market studied. Furthermore, advancements in miniaturization, connected technologies, robust network environment, low-power computing, radio frequency identification, and M2M communication are anticipated to drive the satellite communication market.
• The satellite communications sector is a diverse, complex space and is heavily influenced by technological changes, regulations, and government and private investment decisions. The profit margins vary widely across this market among the end-user industries. The capital requirements, barriers to entry, and the influence of government and private stakeholders also vary across the market.
• The market is also driven by the government innitiatives in the Federal Government of Nigeria has launched DELSAT-1, an integrated satellite designed to improve the operational capabilities of Nigeria's military forces in the face of instability. This would help to realise the nation's sectoral policies, such as the National Defence Policy, National Counter-Terrorism Strategy, and National Policy on Public Safety and Security, which respond to recognised threats to Nigeria's national interests. Furthermore, the satellite project will help to create jobs and expand the nation's digital economy.
• With the increasing demand of satellite communication system in Nigeria, in April 2023, the chief of defence space administration, air vice marshall Ayo Jolasinmi, announced that Nigeria is going to launch Satellites II and III into space.
• The satellite communication industry has played an important role during the COVID-19 pandemic. The demand for satellite communication increased due to its vast applications in providing voice, data and broadcast communications solutions along with navigation, earth observation, remote sensing and other unique services vital for businesses, government customers and consumers in Nigeria.

Nigeria Satellite Communications Industry Segmentation

The Satellite Communications (SATCOM) market is defined based on the revenues generated from the types that are being 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 growth of the market 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-use industries (Maritime, Defense & Government, Enterprises, Media & Entertainment, and other end-users). 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.

Nigeria Satellite Communications Market is Segmented By Type (Ground Equipment, Services), By Platform (Portable, Land, Maritime, Airborn3), By End-user Vertical (Maritime, Defense and Government, Enterprises, Media and Entertainment, Other End-user Verticals), and Country.

The market sizes and forecasts are provided in terms of value (USD million) for all the above segments.