Increased population leading to higher demand for better facilities and internet is driving the global High Throughput Satellite market
Covid-19 Impact & Market Status
The High Throughput Satellite market size has seen a great response in terms of growth due to the advent of Covid-19. This is because of the travel restrictions, flight bans, and quarantines which further resulted in termination of all the offline activities and offices temporarily. These reasons hampered the offline market and need for adoption digital practices increased immensely. High Throughput Satellite market suffered because of these supply chain issues. However, use in construction space lowered because construction practices were put on a halt in many places.
The High Throughput Satellite market is expected to grow at a CAGR of 9.5% to reach USD 159.6 billion in 2030.
The report presents the current status of the global High Throughput Satellite Market and ranking of its dominant segments in terms of revenue generation, revenue growth in historical years, and import export performance of the sectors. The report has used primary and secondary data insights for studying the global High Throughput Satellite Market. The report has used table and graphs for statistical analysis and interpreting the global High Throughput Satellite Market. The report investigates the global High Throughput Satellite Market structure and strategic planning initiatives that need to be implemented by market players if they want to profit from the opportunities. The report studies the global High Throughput Satellite marketplace from regional and global perspective.
Payload Structure to Remain Atop
By type, the High Throughput Satellite market is divided into Payload, Structure, Power System, Attitude Control System, Propulsion System. Out of these, the Payload Structure is expected to gain market share and is projected to maintain its dominance during the forecast period. This is because of the technological advancements in the payload which have led to lower per unit cost
The increased deployment for commercial end users is expected to boost market growth.
Broadband to Ensure Highest Sales
The broadband segment is expected to have a high CAGR. This is primarily because of the increasing demand for internet connectivity. There is a huge need of carrying large loads of data with security and reliability, broadband finds its application in military and aerospace industry. These maintain signal strength without the use of repeaters.
APAC Region to Render Ample Investment Avenues
APAC region is the largest contributor to the growth of global High Throughput Satellite Market. The key factors such as a huge market size and a large number of players in the region are responsible for the growth in this region. However, considering the current market scenarios the North American region is expected to suffer from a deregulated telecom sector.
Growing need for better and faster networks is improving the reliance on High Throughput Satellite is furthering the development of global high throughput satellite market.
Advent of technologies such as 5G network in telecom and IT industry is one of the key factors fuelling the growth of global High Throughput Satellite market. Furthermore, increased demand high throughput satellites is due to increasing need for cloud-based networking, gaming, video streaming etc.
High Throughput Satellite is a special type of satellite that provides a much higher throughput than a classic FSS satellite. HTS is based on spot beam technology which enables frequency re-use across multiple narrow-focused spot beams. It provides scalability reduced network latency, enhanced security, and reliability. These factors collectively influence thumping growth of global High Throughput Satellite market anticipated to grow close to 25 billion by 2029 with an annualized growth rate of XX% through the forecast period 2022-2029.
The key factors such as rising adoption of innovative technology and growth in awareness regarding the benefits of High Throughput Satellite have spurred the market growth. The unique feature of these software is that they help in providing high speed connectivity to the world.
Increased demand of internet bandwidth with growing penetration of internet services is an important driver for the Global High Throughput Satellites Market. These networks also provide better performance, reduced latency and enhanced security. Increased digitization is another factor that is driving the market growth.
However, budget constraints and limitations on IT spending on advanced technology are some of the reasons that are hampering the market growth. Organizations first need to think about their own usage to understand what they need. In developing nations, lack of technology is the reason companies are still following the developed nations. Nevertheless, High Throughput Satellite Market has the growth prospects, as companies are becoming more and more complex which will need the high-speed data to make the processes more efficient.
The major players in global high throughput market are Airbus Group SE, Eutelsat S.A., Hughes Network Systems, LLC, Inmarsat, Intelsat, Orbital ATK Inc., SES S.A., Space Systems Loral, Thales Group, and The Boeing Company. The players are adopting optimization strategies and other activities like mergers and acquisitions, collaborations, and global expansions. By applying technology, the R&D teams of the companies are increasing efficiencies of these software to ensure that the organizations get full control over their data at lower costs.
High Throughput Satellite Market Scope
|Revenue forecast in 2030
|USD 159.6 billion
|CAGR of 9.5% during 2020-2030
|Type, Application, By End Use, Region
|North America, Europe, Asia Pacific, South America, Middle East and Africa
|Key Players Profiled
|Airbus Group SE, Eutelsat S.A., Hughes Network Systems, LLC, Inmarsat, Intelsat, Orbital ATK Inc., SES S.A., Space Systems Loral & among others.
Key Segments of the Global High Throughput Satellite Market
Type Overview, (USD Billion)
- Power System
- Attitude Control System
- Propulsion System
Application Overview, (USD Billion)
- Cellular Backhaul
Regional Overview, (USD Billion)
- Rest of Europe
- Rest of Asia Pacific
- Rest of South America
Middle East and South Africa