Global Fixed Satellite Services Market Report 2022: Growing Demand for High-Speed Internet Drives Sector - ResearchAndMarkets.com

DUBLIN--(BUSINESS WIRE)--The "Global Fixed Satellite Services Market Size, Trends and Growth Opportunity, By Service Type, By Organization Size, By Vertical, By Region and forecast till 2027." report has been added to ResearchAndMarkets.com's offering.

Global Fixed Satellite Services (FSS) Market was valued at USD 22.3 billion in 2021 and is slated to reach at USD 31.04 billion by 2027 at a CAGR of 4.56% from 2022-2027.

Fixed satellite services, also known as FSS, are radio communications that link various earth stations. These satellite services use VSAT technology to transmit and receive phone calls as well as broadcast television signals. They have huge dish-style antennas and low power output for better service reception. FSS systems are strategically positioned to cover a wide region and enable users to communicate while travelling without losing signals since they give services to several users at the same time.

Market Drivers

The advent of smartphones and rising income levels have made high-speed internet a requirement for communication. As a result, there has been significant recent growth in the market for fixed satellite services globally. The demand for fixed satellite services has grown globally as a result of the expanded use of HDTV channels and new DTH TV platforms. Over the forecast period, increased 5G penetration is anticipated to fuel market growth.

This is due to the fact that 5G connections rely on fixed satellites to make connections, therefore as customers increase their use of 5G connections, the market is anticipated to grow even more. Research has been done on how to share the 28 GHz band between fixed satellite services and 5G new radio cellular systems (FSS). The goal of this approach is to simulate a sharing situation between the uplinks of the 5G NR enhanced mobile broadband (eMBB) cellular system and the FSS system. It may help the next-generation Node-B, commonly known as the 5G base station, develop interference from FSS endpoints.

Demand for fixed satellite services is anticipated to rise over the projected period due to rising investments in enterprise and broadband connectivity, content and broadcast delivery, telecom backhaul, and military satellite communication. The need for corporate enterprise networks and high-throughput connectivity has increased in the oil and gas sector. The key players in the worldwide FSS market have benefited from several growth prospects as a result.

Market Restraints

Two significant barriers to the broad implementation of fixed satellite services are the high construction costs and the rising use of fibre optic transmission connections. Furthermore, it could be challenging for new businesses to enter the industry under study because to rigorous government regulations and limited orbital positions. Synergies and cooperation among satellite operators to increase transponder usage rates is a recent market trend. As FSS demand has increased, there has been intense rivalry, which has resulted to additional satellites being launched by current providers and new satellite operators entering the market.

Market Taxonomy

By Service Type

• Wholesale FSS
• TV Channel Broadcast
• Broadband and Enterprise Network
• Video Contribution and Distribution
• Trunking and Backhaul
• Managed FSS
• Others

By Organisation Size

• Small Office Home Office
• Small and Medium Business
• Large Enterprises

By Vertical

• Government
• Education
• Aerospace and Defence
• Media and Entertainment
• Oil and Gas
• Retail
• Telecom and IT
• Healthcare and Logistics
• Others

By Region

• North America
• Latin America
• Europe
• Asia Pacific
• Middle East & Africa.

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Global Fixed Satellite Services (FSS) Market Outlook

5 Global Fixed Satellite Services (FSS) Market, By Service Type

6 Global Fixed Satellite Services (FSS) Market, By Organization Size

7 Global Fixed Satellite Services (FSS) Market, By Vertical

8 Global Fixed Satellite Services (FSS) Market, By Region

9 North America Fixed Satellite Services (FSS) Market Analysis and Forecast (2022-2027)

10 Europe Fixed Satellite Services (FSS) Market Analysis and Forecast(2022-2027)

11 Asia Pacific Fixed Satellite Services (FSS) Market Analysis and Forecast(2022-2027)

12 Latin America Fixed Satellite Services (FSS) Market Analysis and Forecast(2022-2027)

13 Middle East Fixed Satellite Services (FSS) Market Analysis and Forecast(2022-2027)

14 Competitive Analysis

15 Company Profiles

Companies Mentioned

• SES S.A.
• SKY Perfect JSAT Corporation
• Thaicom public company limited
• Hispasat
• Arabsat
• Eutelsat communications SA
• Star One credit union
• Singtel
• Intelsat
• Telesat

For more information about this report visit https://www.researchandmarkets.com/r/najpn0