Sky Based Communication Market Size
| Study Period | 2019 - 2029 |
| Market Size (2024) | USD 136.81 Billion |
| Market Size (2029) | USD 426.44 Billion |
| CAGR (2024 - 2029) | 25.53 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
Sky Based Communication Market Analysis
The Sky-based Communication Market size is estimated at USD 136.81 billion in 2024, and is expected to reach USD 426.44 billion by 2029, growing at a CAGR of 25.53% during the forecast period (2024-2029).
The sky-based communication market is witnessing robust growth propelled by various factors. These include a surge in satellite launches dedicated to communication, the integration of cutting-edge technologies such as IoT and AI in satellite communication, and the distinct competitive edge that HAPS (High Altitude Platform Stations) offer over traditional satellite and land-based systems. Notably, the push for broadband internet in remote and under-served regions is a primary catalyst for the satellite broadband sector.
Major players like SpaceX (with its Starlink project), OneWeb, and HughesNet are rapidly deploying satellite constellations to deliver high-speed internet services globally. For example, in April 2023, Rogers Communications inked a deal with SpaceX, leveraging Starlink for satellite-to-phone services in Canada. Moreover, advancements in satellite tech, from high-throughput satellites (HTS) to smallsats and electric propulsion systems, are revolutionizing the industry. These innovations translate to enhanced data transmission rates, expanded satellite capacities, and lower launch costs, propelling the market's growth trajectory.
Sky Based Communication Market Trends
The Low Earth Orbit (LEO) Segment is Expected to Dominate the Market During the Forecast Period
The LEO segment is witnessing robust growth, propelled by small satellites' rapid development and deployment. This surge in satellite launches has elevated the LEO segment to hold a huge share of the market. The escalating reliance of various industries on satellite data further fuels this trend. Notably, key players in the satellite industry include the United States, China, Russia, the United Kingdom, Japan, India, Canada, Germany, and Luxembourg. LEO satellites, favored for tasks like imaging, surveillance, and military reconnaissance, boast advantages like faster orbital cycles and a more compact communication footprint than their higher-altitude counterparts.
Highlighting this momentum, in February 2024, Eutelsat Group and Telstra unveiled plans for the largest rollout of Eutelsat OneWeb Low Earth Orbit (LEO) backhaul in Australia. Additionally, Amazon is on track for a comprehensive rollout of its Project Kuiper, a broadband Low-Earth Orbit (LEO) constellation slated for the first half of 2024. These initiatives underscore the segment's promising trajectory.
Asia-Pacific is Expected to Dominate the Market During the Forecast Period
Asia-Pacific is poised for substantial growth, driven by escalating demands for satellite-based communication services, particularly in countries like China, India, and Japan. The region's bolstered space and military initiatives, technological advancements, surging market needs, strategic investments, and burgeoning segments have cemented its market dominance. India is on the brink of a nationwide rollout of satellite-based communication services following the Parliament's endorsement of a spectrum allocation law in December 2023.
With the sector's trajectory, artificial intelligence (AI) is expected to revolutionize the efficiency and quality of these services. In March 2023, Chinese research institutions unveiled plans to establish a cutting-edge quantum communications network, leveraging satellites in varying Earth orbits. This network, harnessing principles of quantum mechanics, promises unparalleled encryption and data security. Such strides underscore a promising future for the satellite communication market.
Sky Based Communication Industry Overview
The sky-based communication market is fragmented, with several players active in this sector. Prominent players include Cobham Limited, L3Harris Technologies Inc., Maxar Technologies Inc., Viasat Inc., and Honeywell International Inc., with expertise in designing and manufacturing advanced communication systems for various applications.
Leading players in the sky-based communication market primarily rely on strategic contracts to solidify their dominance. They further bolster their positions by consistently rolling out innovative products that leverage the latest technologies. This market is poised for sustained growth, underpinned by ongoing technological advancements, a surging need for connectivity, and the ever-expanding utilization of satellites for crucial communication services across the world.
Sky Based Communication Market Leaders
-
Viasat, Inc.
-
Cobham Limited
-
Maxar Technologies Inc.
-
L3Harris Technologies, Inc.
-
Honeywell International Inc.
*Disclaimer: Major Players sorted in no particular order
Sky Based Communication Market News
- February 2024: Northrop Grumman awarded Viasat Inc. a contract to bolster the US Air Force Research Laboratory (AFRL) initiative. Under this agreement, Viasat will deploy its ViaSat-3 Satellite Communications Network, facilitating seamless, high-bandwidth satellite internet access for military personnel aboard USAF aircraft and ground vehicles.
- October 2023: Honeywell secured a significant five-year, Indefinite Delivery, Indefinite Quantity (IDIQ) contract from the Defense Information Systems Agency, acting on behalf of the United States Space Force. This contract, valued at USD 900 million, bolsters the Space Force's Proliferated Low Earth Orbit program.
Sky Based Communication Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Assumptions
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.3 Market Restraints
4.4 Porter's Five Forces Analysis
4.4.1 Threat of New Entrants
4.4.2 Bargaining Power of Buyers/Consumers
4.4.3 Bargaining Power of Suppliers
4.4.4 Threat of Substitute Products
4.4.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
5.1 Application
5.1.1 Telecommunication
5.1.2 Broadband
5.1.3 Navigation
5.1.4 Remote Sensing
5.1.5 Broadcasting
5.1.6 Other Applications
5.2 Type
5.2.1 Low Earth Orbit (LEO)
5.2.2 Medium Earth Orbit (MEO)
5.3 End User
5.3.1 Military and Government
5.3.2 Commercial
5.4 Geography
5.4.1 North America
5.4.1.1 United States
5.4.1.2 Canada
5.4.2 Europe
5.4.2.1 United Kingdom
5.4.2.2 France
5.4.2.3 Germany
5.4.2.4 Russia
5.4.2.5 Rest of Europe
5.4.3 Asia-Pacific
5.4.3.1 India
5.4.3.2 China
5.4.3.3 Japan
5.4.3.4 South Korea
5.4.3.5 Rest of Asia-Pacific
5.4.4 Latin America
5.4.4.1 Brazil
5.4.4.2 Rest of Latin America
5.4.5 Middle East and Africa
5.4.5.1 United Arab Emirates
5.4.5.2 Saudi Arabia
5.4.5.3 Israel
5.4.5.4 Rest of Middle East and Africa
6. COMPETITIVE LANDSCAPE
6.1 Vendor Market Share
6.2 Company Profiles
6.2.1 Airbus SE
6.2.2 Cobham Limited
6.2.3 Honeywell International Inc.
6.2.4 Intelsat
6.2.5 L3Harris Technologies Inc.
6.2.6 Maxar Technologies Inc.
6.2.7 THALES
6.2.8 Viasat Inc.
6.2.9 Inmarsat Global Limited
6.2.10 Iridium Communications Inc.
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
Sky Based Communication Industry Segmentation
Sky-based communication involves utilizing satellites or airborne platforms to transmit data, voice, or other forms of communication across vast distances.
The sky-based communications market is segmented by application, type, and end user. By application, the market is segmented into telecommunication, broadband, navigation, remote sensing, broadcasting, and other applications. By type, the market is segmented into lower earth orbit (LEO) and medium earth orbit (MEO). By end user, the market is segmented into military and government and commercial. The report also covers the market sizes and forecasts for the space electronics market in major countries across different regions. The market size is provided for each segment in terms of value (USD).
| Application | |
| Telecommunication | |
| Broadband | |
| Navigation | |
| Remote Sensing | |
| Broadcasting | |
| Other Applications |
| Type | |
| Low Earth Orbit (LEO) | |
| Medium Earth Orbit (MEO) |
| End User | |
| Military and Government | |
| Commercial |
| Geography | |||||||
| |||||||
| |||||||
| |||||||
| |||||||
|
Sky Based Communication Market Research FAQs
How big is the Sky Based Communication Market?
The Sky Based Communication Market size is expected to reach USD 136.81 billion in 2024 and grow at a CAGR of 25.53% to reach USD 426.44 billion by 2029.
What is the current Sky Based Communication Market size?
In 2024, the Sky Based Communication Market size is expected to reach USD 136.81 billion.
Who are the key players in Sky Based Communication Market?
Viasat, Inc., Cobham Limited, Maxar Technologies Inc., L3Harris Technologies, Inc. and Honeywell International Inc. are the major companies operating in the Sky Based Communication Market.
Which is the fastest growing region in Sky Based Communication Market?
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Sky Based Communication Market?
In 2024, the North America accounts for the largest market share in Sky Based Communication Market.
What years does this Sky Based Communication Market cover, and what was the market size in 2023?
In 2023, the Sky Based Communication Market size was estimated at USD 101.88 billion. The report covers the Sky Based Communication Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Sky Based Communication Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Sky Based Communication Industry Report
Statistics for the 2024 Sky Based Communication market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Sky Based Communication analysis includes a market forecast outlook for 2024 to (2024to2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
