Spain Satellite Communications Market Size (2024 - 2029)

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 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.