High-Throughput Satellite Trends and Forecast
The future of the global high-throughput satellite market looks promising with opportunities in the broadband, enterprise, government, and broadcast markets. The global high-throughput satellite market is expected to grow with a CAGR of 16.8% from 2024 to 2030. The major drivers for this market are increasing demand for high-speed internet connectivity and growing adoption of satellite-based communication.
• Lucintel forecasts that power system is expected to witness the highest growth over the forecast period.
• Within this market, broadband is expected to witness the highest growth.
• North America is expected to witness highest growth over the forecast period.
United States: In the United States, companies like SpaceX, ViaSat, and Hughes Network Systems have been at the forefront of HTS initiatives. SpaceXÄX%$%Xs Starlink project aims to deploy thousands of HTS to provide global broadband coverage. ViaSat and Hughes Network Systems have announced plans to launch new HTS satellites to expand their broadband service offerings.The U.S. government supports HTS initiatives through funding and regulatory support. Targets include improving broadband access in rural and underserved areas, enhancing national security capabilities, and fostering innovation in satellite communication technology.
India: The Indian Space Research Organisation (ISRO) is actively developing HTS technology to enhance communication services in the country. ISRO has announced plans to launch HTS satellites to improve broadband connectivity in rural and remote areas.Private companies in India, such as Hughes Communications India Limited and Bharti Airtel, are also investing in HTS initiatives. Hughes Communications India Limited aims to expand its broadband service offerings through the deployment of HTS satellites. Bharti Airtel plans to launch HTS satellites to enhance its 4G and 5G networks.The Indian government has set targets to increase broadband penetration and digital connectivity through initiatives like the BharatNet project. Targets include providing broadband access to all villages and promoting the use of satellite technology for communication services.
China: Chinese companies like China Aerospace Science and Technology Corporation (CASC) and China Satellite Communications Co., Ltd. (China Satcom) are leading HTS initiatives in China. CASC aims to deploy HTS satellites to support broadband internet access and multimedia services. China Satcom plans to launch new HTS satellites to expand its satellite communication network.The Chinese government supports HTS development as part of its efforts to improve communication infrastructure and promote digital transformation. Targets include enhancing broadband access, supporting economic development, and strengthening national security.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
High-Throughput Satellite by Segment
The study includes a forecast for the global high-throughput satellite by type, application, and region.
High-Throughput Satellite Market by Type [Shipment Analysis by Value from 2018 to 2030]:
• Power System
• Attitude Control System
• Propulsion System
High-Throughput Satellite Market by Application [Shipment Analysis by Value from 2018 to 2030]:
• Broadband
• Enterprise
• Government
• Broadcast
• Others
High-Throughput Satellite Market by Region [Shipment Analysis by Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of High-Throughput Satellite Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies high-throughput satellite companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the high-throughput satellite companies profiled in this report include-
• Hughes Network Systems
• Inmarsat
• Intelsat
• SES
• Thales
• Boeing
• Eutelsat
Recent Development in the High-Throughput Satellite Market
SpaceX: SpaceXÄX%$%Xs Starlink project is one of the most significant developments in the HTS market. Starlink aims to provide global broadband internet coverage through a constellation of thousands of HTS satellites in low Earth orbit. Recent initiatives include the rapid deployment of Starlink satellites through regular launches and the expansion of beta testing programs to more regions worldwide. SpaceXÄX%$%Xs ambitious plans have garnered attention and investment from various stakeholders, reshaping the landscape of satellite-based internet connectivity.
ViaSat: ViaSat is a leading provider of satellite broadband services, leveraging HTS technology to deliver high-speed internet access to residential, commercial, and government customers. ViaSat has announced plans to launch new HTS satellites to expand its coverage and capacity, aiming to meet growing demand for reliable and affordable broadband connectivity in underserved areas. ViaSatÄX%$%Xs focus on innovation and customer satisfaction has positioned it as a key player in the global HTS market.
Hughes Network Systems: Hughes Network Systems is another major player in the HTS market, offering satellite-based broadband solutions under the HughesNet brand. Hughes has been actively investing in HTS technology to enhance its service offerings and improve customer experience. Recent initiatives include the launch of new HTS satellites and the development of advanced ground infrastructure to support higher throughput and faster speeds. HughesÄX%$%X commitment to advancing satellite technology and expanding its market presence underscores its leadership in the HTS industry.
Eutelsat Communications: Eutelsat Communications is a leading satellite operator, providing a wide range of communication services to customers worldwide. Eutelsat has been exploring opportunities in the HTS market to address the growing demand for broadband connectivity. Recent initiatives include partnerships with technology providers and investments in satellite capacity to support HTS deployments. EutelsatÄX%$%Xs strategic approach to embracing new technologies and adapting to evolving market trends positions it for continued growth and success in the HTS market.
Features of the Global High-Throughput Satellite Market
Market Size Estimates: High-throughput satellite market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: High-throughput satellite market size by type, application, and region in terms of value ($B).
Regional Analysis: High-throughput satellite market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different types, applications, and regions for the high-throughput satellite market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the high-throughput satellite market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the growth forecast for high-throughput satellite market?
Answer: The global high-throughput satellite market is expected to grow with a CAGR of 16.8% from 2024 to 2030.
Q2. What are the major drivers influencing the growth of the high-throughput satellite market?
Answer: The major drivers for this market are increasing demand for high-speed internet connectivity and growing adoption of satellite-based communication.
Q3. What are the major segments for high-throughput satellite market?
Answer: The future of the high-throughput satellite market looks promising with opportunities in the broadband, enterprise, government, and broadcast markets.
Q4. Who are the key high-throughput satellite market companies?
Answer: Some of the key high-throughput satellite companies are as follows:
• Hughes Network Systems
• Inmarsat
• Intelsat
• SES
• Thales
• Boeing
• Eutelsat
Q5. Which high-throughput satellite market segment will be the largest in future?
Answer: Lucintel forecasts that power system is expected to witness the highest growth over the forecast period.
Q6. In high-throughput satellite market, which region is expected to be the largest in next 5 years?
Answer: North America is expected to witness highest growth over the forecast period.
Q7. Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the high-throughput satellite market by type (power system, attitude control system, and propulsion system), application (broadband, enterprise, government, broadcast, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
For any questions related to High-Throughput Satellite Market, High-Throughput Satellite Market Size, High-Throughput Satellite Market Growth, High-Throughput Satellite Market Analysis, High-Throughput Satellite Market Report, High-Throughput Satellite Market Share, High-Throughput Satellite Market Trends, High-Throughput Satellite Market Forecast, High-Throughput Satellite Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.