Fixed Satellite Services Market Predicted to Grow from US$20.2-B in 2018 to US$25.7-B in 2024

Dublin, Ireland, April 15, 2019 — The global fixed satellite services (FSS) market was valued at US$20.2 billion in 2018 and predicted to rise to US$25.7 billion by 2024, registering a CAGR of around 4% during 2019 - 2024 period.

According to the latest study by Research and Markets, the biggest driver in the increase in market value was the rise in the adoption of HDTV channels and emerging DTH TV platforms. Increasing expenditure on military satellite communication; telecom backhaul, content and broadcast delivery; and enterprise and broadband connectivity are also anticipated to further drive the demand for fixed satellite services during the forecast period.

Fixed satellite services include radiocommunication services used between different earth stations. These satellite services use the VSAT technology for sending and receiving telephone calls and television signals for broadcasting. They offer low power output and have large dish-style antennas for better service reception. As FSS systems provide services to numerous users simultaneously, they are placed strategically for covering a vast area to allow users to communicate while traveling, without losing signals. As a result, governments, military organizations, as well as small and large business firms across the globe, use these systems.

The study said inflating income levels and rising sales of smartphones, high-speed internet has become one of the necessities for communication. As a result, the demand for broadband has increased significantly in recent years which, in turn, is impelling the growth of the global fixed satellite services market.

The study also noted a rise in the demand for high-throughput connectivity and corporate enterprise networks in the oil and gas industry. This has provided several growth opportunities to the major players operating in the global FSS market, the study said.

The report analyzed the competitive landscape of the market with some of the key players being Embratel Star One, Eutelsat Communications, Telesat Holdings, SKY Perfect JSAT Holdings, Thaicom Public Company Ltd, Nigerian Communications Satellites Ltd, Telenor Satellite Broadcasting, Singapore Telecommunications Ltd (Singtel), SES S.A, Arabsat, Hispasat, Intelsat S.A, etc.