Fixed Satellite Services Market Report

“The Fixed Satellite Services market size was US$ 23 billion in 2023 and is likely to grow at a strong CAGR of 5.5% in the long run.”

Market Dynamics

Introduction

The Fixed Satellite Services (FSS) market relates to the space satellite industry segment involved in point-to-point communications employing geostationary satellites. These satellites provide DTH or fixed orbits for delivering predictable and authentic relay pathways and are utilized mainly in broadcasting, data transfer, and telecommunication. FSS helps numerous sectors with the high bandwidth requirement for transmission of television and radio, Internet, and secure long-distance data transfers. Its main strength is derived from the fact that it provides much-needed communication services where the normal fixed telecommunication structures cannot support or are absent.

Due to the increasing demand for broadband services especially in rural and unserved areas, FSS can support internet services. This trend is particularly pronounced in the rural and island countries, which the terrestrial network cannot beat. Governments and institutions are waking up to the fact that satellites can be used to minimize the digital divide.

The emergence of High Throughput Satellites has somewhat changed the face of the FSS market. Compared to conventional satellites, HTS provides operators with a much higher capability of delivering bandwidth at a cheaper price. This is especially relevant for markets such as mobile backhaul, where traffic is shortly estimated to be rising at a remarkable rate.

Recent Market Acquisition:

Companies acquire others in the market to enhance their product offerings, expand their market reach, gain access to new technologies, achieve economies of scale, and strengthen their competitive position.

The acquisition deal to MOLECUBES was declared by the Bruker Corporation in 2021, which is a dynamic innovation company of nuclear molecular imaging systems and is a benchtop Type of preclinical NMI. This strategic acquisition will also help to further bolster Bruker’s NMI portfolio in the preclinical and translational imaging research market significantly.

This move enables Bruker to incorporate MOLECUBES’ benchtop CUBES™ PET, SPECT, and CT systems into Bruker’s current in vivo imaging and molecular spectroscopy products, which forms a wider product portfolio.

Market Challenges:

A major challenge that persists in sitcoms is the high cost which drives the costs of launching as well as maintaining satellites. This is especially cumbersome, especially to small-scale enterprises or the emerging market where funds may be scarce.
An issue that satellite communication may experience some difficulties with is having to deal with restrictive regulations where necessary hence slowing down expansion in particular areas. National policies concerning spectrum allocation and orbital slots, combined with dissimilar bureaucratic channels might pose challenges to international service provision.

Market Segments' Analysis

“The Broadband and Enterprise Network segment is projected to be the fastest-growing service type in the Fixed Satellite Services (FSS) market.”

• Due to the increased implementation of digital solutions access to high-speed, reliable broadband internet both in developed and developing worlds or in the areas that are not fully covered, the demand has risen steeply. Traditional terrestrial networks can be expensive and hard to attain which is why enterprises are now using satellite services to connect branch offices, remote workers, and business operations. This segment is expanding because the demand for always-on communications has continued to increase for corporate activities like data streams, cloud connection, and international teamwork
• In parallel, as the Internet of Things in addition to connected devices emerges as the new standard, various industries, including logistics, oil, and gas as well as maritime, are increasingly adopting satellite-based broadband where terrestrial networks are often either unavailable or unstable. Combined with FSS and 5G networks, especially in rural areas and remote areas, significantly increase the popularity of this service type, making it a major segment in the future years.

By Organization Size Type

“Among organization sizes, Large Enterprises are expected to dominate the FSS market throughout the study period.”

• Regarding organizations, Large Enterprises will constitute the largest share of the FSS market owing to their requirement for bandwidth-intensive services and global connectivity. The primary users of satellite services are the large enterprises in the oil & gas industry, aerospace & defense, and the telecom sectors which have their facilities located in remote areas or carry out their operations in areas where access to the internet or communication is mission critical. Several enterprises can fund expensive satellite services; this will lead to the continuous growth of this segment.

By Vertical Type

“The Media & Entertainment sector is expected to experience significant growth in the coming six years.”

• Media & Entertainment segment is likely to show high growth because of requirements in high definition (HD) and ultra-high definition (UHD) videos, as well as live streaming. The increase in the use of streaming services, video on demand, and the requirement for real-time content in almost all platforms are the factors that are driving satellite services. Consequently, FSS occupies a dominant position in delivering content to the television broadcasting market, live sports, and significant international events, which puts this vertical under the banners of the dynamic and high-growth segment.

Regional Analysis

“The Asia-Pacific (APAC) region is forecasted to be the fastest-growing market for FSS in the coming years.”.

• In addition, the Asia-Pacific (APAC) market would show the highest growth rate in the coming years for FSS due to factors such as a rising economy, increasing demand for broad banding, and government policy support for the improvement of digitalization. China for instance and most of the countries within India and Southeast Asia are investing a lot of fortunes in satellite infrastructure for telecommunication, broadcasting, and enterprise from the urban to rural areas. The effective demand to enhance communication services for developing regions and the use of satellite technology across the industries make APAC the largest growth factor for the FSS market.

Key Players

The Fixed Satellite Services (FSS) market is relatively cyclical, with over 100 players competing across parameters such as price, service offerings, and geographical reach. Key players in the FSS market range from specialized satellite communication providers to larger companies offering a wide array of comprehensive solutions. Many of these companies differentiate their offerings by providing end-to-end service solutions, including satellite capacity, ground equipment, network management, and technical support. Their ability to offer integrated services—satellite bandwidth and managed services to software support and maintenance—allows them to stay competitive in a dynamic market where pricing pressures and technological advancements drive competition.

Here is the list of the Top Players (Alphabetically Arranged)

• Eutelsat
• Hispasat
• Intelsat
• Russian Satellite Communications Company (RSCC)
• SES
• SKY Perfect JSAT Corporation
• Star One
• Telesat
• Thaicom
• Yahsat

Note: The above list does not necessarily include all the top players in the market.

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Report Features

This report provides market intelligence most comprehensively. The report structure has been kept such that it offers maximum business value. It provides critical insights into market dynamics and will enable strategic decision-making for existing market players as well as those willing to enter the market. The following are the key features of the report:

• Market structure: Overview, industry life cycle analysis, supply chain analysis.
• Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis.
• Market trend and forecast analysis.
• Market segment trend and forecast.
• Competitive landscape and dynamics: Market share, Service portfolio, New Product Launches, etc.
• COVID-19 impact and its recovery curve
• Attractive market segments and associated growth opportunities.
• Emerging trends.
• Strategic growth opportunities for the existing and new players.
• Key success factors.

The fixed satellite services market is segmented into the following categories. 

Fixed Satellite Services Market, by Service Type

• Wholesale FSS (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• TV Channel Broadcast (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Broadband and Enterprise Network (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Video Contribution and Distribution (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Trunking and Backhaul (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Managed FSS (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Other Services (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

Fixed Satellite Services Market, by Organization Size Type

• Small Office Home Office (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Small and Medium Business (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Large Enterprises (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

Fixed Satellite Services Market, by Vertical Type

• Government (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Education (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Aerospace & Defence (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Media & Entertainment (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Oil & Gas (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Retail (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Other (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

Fixed Satellite Services Market, by Region

• North America (Country Analysis: The USA, Canada, and Mexico)
• Europe (Country Analysis: Germany, France, The UK, Russia, and Rest of Europe)
• Asia-Pacific (Country Analysis: Japan, China, India, and Rest of Asia-Pacific)
• Rest of the World (Country Analysis: Brazil, Saudi Arabia, and Others)

Research Methodology

• This strategic assessment report from Stratview Research provides a comprehensive analysis that reflects today’s Fixed Satellite Services market realities and future market possibilities for the forecast period. 
• The report segments and analyzes the market in the most detailed manner in order to provide a panoramic view of the market.
• The vital data/information provided in the report can play a crucial role for market participants as well as investors in the identification of the low-hanging fruits available in the market as well as to formulate growth strategies to expedite their growth process.
• This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools.
• More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles, have been leveraged to gather the data.
• We conducted more than 15 detailed primary interviews with market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.

Customization Options

With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

Company Profiling

• Detailed profiling of additional market players (up to three players)
• SWOT analysis of key players (up to three players)

Competitive Benchmarking

• Benchmarking of key players on the following parameters: Service portfolio, geographical reach, regional presence, and strategic alliances

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