Spain Satellite Communications Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Market Size (2024) | USD 0.76 Billion |
| Market Size (2029) | USD 1.34 Billion |
| CAGR (2024 - 2029) | 11.92 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Spain Satellite Communications Market Analysis
The Spain Satellite Communications Market size is estimated at USD 0.76 billion in 2024, and is expected to reach USD 1.34 billion by 2029, growing at a CAGR of 11.92% during the forecast period (2024-2029).
The increasing technological advancements and government initiatives are driving the market in the country.
- Among the key factors propelling the market in Spain are technological improvements and the rollout of 5G technology. The satellites supplement terrestrial networks and increase coverage in remote areas.
- The Digital Spain Plan 2025, which includes specific initiatives to promote vital technologies for Spain: cybersecurity, 5G, artificial intelligence, and big data, highlights the Spanish government's significant commitment to digitization. The dedication of Europe to the digital revolution as a tool for economic change has also strengthened its commitment to communications and new technology, thereby increasing the demand for satellite communication.
- The Spanish government has recently stated intentions to increase the country's availability of satellite internet. Due to this initiative, many advantages are expected for Spanish businesses, residents, and the country. For instance, the Spanish government gave Hispasat an agreement in February 2023 to provide broadband service to all rural communities.
- The increasing development of 5G technology has led to the integration of communication satellites with 5G cellular networks, making interference in data transmission a growing concern. This integration, driven by the scarcity of spectrum resources, has pushed for the adoption of spectrum sharing and frequency reuse, especially in an integrated satellite-terrestrial network.
- In 2023, Spain had surpassed other European Union (EU) member states, boasting over 18,844 5G base stations. The EU's commitment to enhancing 5G networks was evident as early as 2016 when it introduced a comprehensive 5G action plan.
- In June 2022, Spain announced intentions to support 5G infrastructure in places with low mobile data connectivity. Part of the government's post-Covid national recovery strategy is the plan. The government claims that the introduction of 5G verticals and new use cases makes it crucial to support the development of 5G.
Spain Satellite Communications Market Trends
The media and entertainment segment is expected to hold a considerable market share
- Radio, TV, and other media have been broadcast through satellite communication for years. Communication via satellite has become increasingly crucial for businesses to reach an ever-growing client base as the entertainment sector expands quickly. Satellite communication is utilized for purposes other than broadcasting. Additionally, it can be used to transfer data, offer internet access, and stream multimedia. This has made it possible for entertainment corporations to reach more people.
- Media penetration is promoting expanding the satellite communications business in Spain by increasing demand for high-speed and dependable access. To ensure seamless and continuous media streaming, there is a rising need for strong internet connections as more individuals use digital media content, such as online gaming, streaming platforms, and video-on-demand services.
- According to AIMC (Spain), recent statistics on media penetration in Spain, television ranked as the country's second most prevalent telecommunication medium. The data highlighted that in 2023, 82 percent of the Spanish population tuned into television. However, women use it more frequently than men; men and women share virtually equal popularity with this medium. Outside-the-home media, which is in third place on the list, had a penetration rate of about 77 percent. The Internet took top place that year, surpassing all other media.
- Broadband internet connectivity is made possible through satellite communications, especially in underserved and rural locations where traditional terrestrial equipment may be constrained. To address the increased connection needs of media consumers in Spain, there is an increasing demand for better satellite communication infrastructure, which drives investments in satellite technology and services.
- Creating novel business strategies in the entertainment sector has also been made possible by satellite communication. As an illustration, streaming services with a subscription model have made it feasible for entertainment organizations to monetize their material in ways that were not before conceivable. These services give consumers access to a vast collection of materials for a monthly cost. This has made it possible for entertainment corporations to profit consistently from their material.
Digital transformation in the country is driving the market
- The Spanish market for satellite communications is expanding due to the digital transformation in the country. There is an increasing demand for dependable and fast connection, which satellite communications can offer, as organizations, businesses, and industries across many sectors undergo a digital revolution. Technology advances, shifting customer preferences, and the demand for greater operational efficiency drive this revolution.
- Spain has made enormous developments toward achieving high-speed broadband access in terms of infrastructure. Fiber-optic network construction has been prioritized, and Spain is among the top nations in Europe regarding fiber coverage. Individuals and companies around the country now have faster internet connections and better access to digital services as a result.
- According to European 5G Observatory, As of 2023, Spain 5G base stations among European Union (EU) member states, with over 18,844 base stations installed.
- Several collaborations are also fueling the rise of digital industrial transformation by consolidating current services. For instance, AWS established an infrastructure space in Spain in November 2022. Customers can safely operate workloads and store data in Spain while offering end users lower delay in the AWS Europe (Spain) Region.
- NTT Ltd., a multinational supplier of technology services, continues to pursue its development goals by establishing its initial data center in the Spanish market in Madrid in May 2022. The company emphasizes the development of an infrastructure that is highly secure, accessible, and long-lasting.
- Additionally, government measures are projected to propel the industry. Digital Spain 2026, for example, is an outline for Spain's digital transformation. It comprises eight particular plans already authorized for deployment and regional, national, and local investment strategies.
Spain Satellite Communications Industry Overview
The market for satellite communication (SATCOM) is fragmented. Partnerships, mergers, innovations, and acquisitions are among the market strategies players use to improve their product offerings and acquire a lasting competitive edge.
- February 2023 - SpaceX Falcon 9 rocket launched the latest HISPASAT satellite into orbit. High-performance geostationary satellite Amazonas Nexus will allow inaccessible locations, including the Amazon rainforest or Greenland, to have high-quality Internet connectivity.
- January 2023 - Ovzon's Spanish affiliate Aicox Solutions has placed the company's first order for its SATCOM-as-a-Service. The purchase is for Ovzon's SATCOM-as-a-Service Plus solution, which offers satellite connectivity, Ovzon T6 mobile satellite terminals, gateway access, commercial internet, round-the-clock client support, and terrestrial backbone connection. The order is for the first validation and test phase for a demanding Civil Protection client.
- March 2022 - Indra, a prominent global technology corporation, announced the development of a satellite communications network to allow future heavy aircraft and drones to function as genuine systems of systems, sharing data in real-time to maintain superiority in every mission. The transmission speed of today's most sophisticated onboard equipment will be multiplied by Indra's new SATCOM, which will provide bandwidths of up to 20 megabits per second.
Spain Satellite Communications Market Leaders
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Hispasat
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Hisdesat Servicios Estratégicos SA
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Thales Alenia Space España
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GMV
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Sateliot
*Disclaimer: Major Players sorted in no particular order
Spain Satellite Communications Market News
- January 2023: A contract for the construction and development of the ground segment of the SPAINSAT NG project satellites was provided to multinational GMV by the Spanish government satellite provider Hisdesat. These two additional satellites, whose launches are planned for 2024 and 2025, will succeed the operator's existing SpainSat and XTAR-EUR spacecraft and significantly improve their functionality.
- July 2022: Satlink, a Spanish satellite communication technology business, obtained the contract to supply broadband satellite communication solutions to Spanish Civil Guard (Guardia Civil) patrol vessels for three years. The 56 present ships that make up the fleet are already outfitted with the narrowband (L-band) technology that the firm provides.
Spain Satellite Communications 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 Digital Transformation
5.1.2 Increasing Demand for Broadband Connectivity
5.2 Market Restraints
5.2.1 Interference in Transmission of Data
5.2.2 Regulatory and Spectrum Constraints
6. MARKET SEGMENTATION
6.1 By Type
6.1.1 Ground Equipment
6.1.2 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 Hispasat
7.1.2 Hisdesat Servicios EstratEgicos SA
7.1.3 Thales Alenia Space Espana
7.1.4 GMV
7.1.5 Sateliot
7.1.6 Satlink
7.1.7 Telespazio S.p.A.
7.1.8 SANTANDER TELEPORT S.L.
7.1.9 Verasat Global SL
7.1.10 Indra
8. INVESTMENT ANALYSIS
9. MARKET OPPORTUNITIES AND FUTURE TRENDS
Spain Satellite Communications 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-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 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, which supports the market estimations and growth rates over the forecast period. The study also tracks the revenue accrued by selling 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.
| By Type | |
| Ground Equipment | |
| Services |
| By Platform | |
| Portable | |
| Land | |
| Maritime | |
| Airborne |
| By End-user Vertical | |
| Maritime | |
| Defense and Government | |
| Enterprises | |
| Media and Entertainment | |
| Other End-user Verticals |
Spain Satellite Communications Market Research Faqs
How big is the Spain Satellite Communications Market?
The Spain Satellite Communications Market size is expected to reach USD 0.76 billion in 2024 and grow at a CAGR of 11.92% to reach USD 1.34 billion by 2029.
What is the current Spain Satellite Communications Market size?
In 2024, the Spain Satellite Communications Market size is expected to reach USD 0.76 billion.
Who are the key players in Spain Satellite Communications Market?
Hispasat, Hisdesat Servicios Estratégicos SA, Thales Alenia Space España, GMV and Sateliot are the major companies operating in the Spain Satellite Communications Market.
What years does this Spain Satellite Communications Market cover, and what was the market size in 2023?
In 2023, the Spain Satellite Communications Market size was estimated at USD 0.67 billion. The report covers the Spain Satellite Communications Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Spain Satellite Communications Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Spain Satellite Communications Industry Report
Statistics for the 2024 Spain Satellite Communications market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Spain Satellite Communications 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.
