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Satellite Internet Market by End-user and Geography - Forecast and Analysis 2022-2026

  • Published: Jul 2022
  • Pages: 123
  • SKU: IRTNTR73812
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The satellite internet market share is expected to increase to USD 2.70 billion from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 13.34%.

This satellite internet market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers satellite internet market segmentation by end-user (commercial and non-commercial) and geography (North America, Europe, APAC, South America, and Middle East and Africa). The satellite internet market report also offers information on several market vendors, including Bharti Airtel Ltd., DSL Telecom, EarthLink LLC, EchoStar Corp., Eutelsat SA, Freedomsat, Gravity Internet, Lumen Technologies Inc., OneWeb, Singapore Telecommunications Ltd., Space Exploration Technologies Corp., Viasat Inc., and Wireless Innovations Ltd. among others.

What will the Satellite Internet Market Size be During the Forecast Period?

Satellite Internet Market Size

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Satellite Internet Market: Key Drivers, Trends, and Challenges

The growth in the number of IoT devices is notably driving the satellite internet market growth, although factors such as the bad weather is a major issue associated with satellite internet may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the satellite internet industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Satellite Internet Market Driver

One of the key factors driving the global satellite internet industry growth is the growth in the number of IoT devices such as routers, integrated access devices, routing switches, multiplexers, cloud services and resources, and other wide variety of WAN access devices. User proximity can leverage available resources on satellite internet. Satellite internet helps in enabling the billions of connected IoT devices to execute real-time compute-intensive applications by connecting with the network edge directly. Furthermore, it is accessible for various services and caching content at the network edge and simplifies data analytics within industries. Thus, the growing number of IoT devices will drive the growth of the market during the forecast period.

Key Satellite Internet Market Trend

Increasing deployment of 5G network is one of the key satellite internet market trends that is expected to impact the industry positively in the forecast period. The 5G telecommunication standard will have a larger bandwidth compared with previous standards, such as second-generation (2G), third-generation (3G), and fourth-generation (4G) networks. The ultra-fast Internet connectivity of the 5G network with low latency will help enterprises enhance their performance. Satellite internet can complement 5G and helps in providing backhaul services, especially in areas where installing physical infrastructure is difficult. Such factors will boost the growth of the market in the coming years.

Key Satellite Internet Market Challenge

One of the key challenges to the global satellite internet industry growth is the bad weather. There are a few satellite internet systems that shut down once the weather gets too hot. For instance, Starlink is a satellite internet constellation developed and operated by SpaceX Exploration Technologies Corp., which stops working once the temperature reaches 122 degrees F and restarts once the temperature drops to 104 degrees F. Therefore, vendors need to focus on developing satellite internet systems that can easily adjust to different climatic conditions. Then, potential customers have a choice and get terminals prone to weather-related problems. Thus, bad weather may limit the growth of the market in focus during the forecast period.

This satellite internet market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

Parent Market Analysis

Technavio categorizes the global satellite internet market as a part of the global communications equipment market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the satellite internet market during the forecast period.

Who are the Major Satellite Internet Market Vendors?

The report analyzes the market's competitive landscape and offers information on several market vendors, including:

 

  • Bharti Airtel Ltd.
  • DSL Telecom
  • EarthLink LLC
  • EchoStar Corp.
  • Eutelsat SA
  • Freedomsat
  • Gravity Internet
  • Lumen Technologies Inc.
  • OneWeb
  • Singapore Telecommunications Ltd.
  • Space Exploration Technologies Corp.
  • Viasat Inc.
  • Wireless Innovations Ltd.

 

This statistical study of the satellite internet market encompasses successful business strategies deployed by the key vendors. The satellite internet market is concentrated and the vendors are deploying growth strategies such as technological innovation to compete in the market.

Product Insights and News

  • EarthLink LLC - The company offers high-speed satellite internet through which users can use internet speed up to 100 megabytes per second even in remote areas and can run up to five smart devices at a time.
  • EchoStar Corp. - The company offers JUPITER satellite internet service systems, which have software-defined architecture, 5G connectivity ready design, and cloud-enabled network management to provide automated operation and business support systems.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The satellite internet market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Satellite Internet Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the satellite internet market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

Which are the Key Regions for Satellite Internet Market?

Satellite Internet Market Market segmentation by region

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44% of the market's growth will originate from North America during the forecast period. The US is the key market for satellite internet in North America. Market growth in this region will be faster than the growth of the market in Europe.

Small cell tower installations in the US and Canada will facilitate the satellite internet market growth in North America over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID Impact and Recovery Analysis

In 2020, the regional market in focus witnessed a slight decline in revenue due to the outbreak of COVID-19. The sudden outbreak of COVID-19 led to nationwide lockdowns and the temporary closure of several industries, such as telecommunication industrial IoT, to curb the spread of the disease. Hence, the regional satellite internet market witnessed a decline in demand from end-user industries, such as corporate institutes, retail, maritime, and aircraft, military, and defense. As of January 2021, 75% of the US population had 5G services. Hence, it will provide high bandwidth capabilities with satellite internet and will improve the performance of end-user industries in the data processing domain. Thus, the regional satellite internet market is expected to witness growth during the forecast period.

What are the Revenue-generating End-user Segments in the Satellite Internet Market?

Satellite Internet Market Segmentation

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The satellite internet market share growth by the commercial segment will be significant during the forecast period. The increased adoption of artificial intelligence (AI), cloud computing, and machine learning (ML) in commercial end-users is a major driving factor for the growth of the commercial segment. Moreover, the rising digitization initiatives by international sports associations in recent years coupled with strong cloud infrastructure will continue to create perpetual demand for video streaming services.  

This report provides an accurate prediction of the contribution of all the segments to the growth of the satellite internet market size and actionable market insights on post COVID-19 impact on each segment.

 

Satellite Internet Market Scope

Report Coverage

Details

Page number

120

Base year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Accelerate at a CAGR of 13.34%

Market growth 2022-2026

$ 2.70 billion

Market structure

Concentrated

YoY growth (%)

12.25

Regional analysis

North America, Europe, APAC, South America, and Middle East and Africa

Performing market contribution

North America at 44%

Key consumer countries

US, China, Japan, Russia, and France

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

Bharti Airtel Ltd., DSL Telecom, EarthLink LLC, EchoStar Corp., Eutelsat SA, Freedomsat, Gravity Internet, Lumen Technologies Inc., OneWeb, Singapore Telecommunications Ltd., Space Exploration Technologies Corp., Viasat Inc., and Wireless Innovations Ltd.

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period.

Customization purview

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What are the Key Data Covered in this Satellite Internet Market Report?

  • CAGR of the market during the forecast period 2022-2026
  • Detailed information on factors that will drive satellite internet market growth during the next five years
  • Precise estimation of the satellite internet market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the satellite internet industry across North America, Europe, APAC, South America, and Middle East and Africa
  • A thorough analysis of the market's competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of satellite internet market vendors

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1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by End-user
    • Exhibit 06: Executive Summary – Chart on Incremental Growth
    • Exhibit 07: Executive Summary – Data Table on Incremental Growth
    • Exhibit 08: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 09: Parent market
    • Exhibit 10: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 11: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 12: Market segments
  • 3.3 Market size 2021
    • 3.4 Market outlook: Forecast for 2021-2026
      • Exhibit 13: Chart on Global - Market size and forecast 2021-2026 ($ million)
      • Exhibit 14: Data Table on Global - Market size and forecast 2021-2026 ($ million)
      • Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
      • Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)

    4 Five Forces Analysis

    • 4.1 Five forces summary
      • Exhibit 17: Five forces analysis - Comparison between 2021 and 2026
    • 4.2 Bargaining power of buyers
      • Exhibit 18: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026
    • 4.3 Bargaining power of suppliers
      • Exhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 2026
    • 4.4 Threat of new entrants
      • Exhibit 20: Threat of new entrants – Impact of key factors in 2021 and 2026
    • 4.5 Threat of substitutes
      • Exhibit 21: Threat of substitutes – Impact of key factors in 2021 and 2026
    • 4.6 Threat of rivalry
      • Exhibit 22: Threat of rivalry – Impact of key factors in 2021 and 2026
    • 4.7 Market condition
      • Exhibit 23: Chart on Market condition - Five forces 2021 and 2026

    5 Market Segmentation by End-user

    • 5.1 Market segments
      • Exhibit 24: Chart on End-user - Market share 2021-2026 (%)
      • Exhibit 25: Data Table on End-user - Market share 2021-2026 (%)
    • 5.2 Comparison by End-user
      • Exhibit 26: Chart on Comparison by End-user
      • Exhibit 27: Data Table on Comparison by End-user
    • 5.3 Commercial - Market size and forecast 2021-2026
      • Exhibit 28: Chart on Commercial - Market size and forecast 2021-2026 ($ million)
      • Exhibit 29: Data Table on Commercial - Market size and forecast 2021-2026 ($ million)
      • Exhibit 30: Chart on Commercial - Year-over-year growth 2021-2026 (%)
      • Exhibit 31: Data Table on Commercial - Year-over-year growth 2021-2026 (%)
    • 5.4 Non-commercial - Market size and forecast 2021-2026
      • Exhibit 32: Chart on Non-commercial - Market size and forecast 2021-2026 ($ million)
      • Exhibit 33: Data Table on Non-commercial - Market size and forecast 2021-2026 ($ million)
      • Exhibit 34: Chart on Non-commercial - Year-over-year growth 2021-2026 (%)
      • Exhibit 35: Data Table on Non-commercial - Year-over-year growth 2021-2026 (%)
    • 5.5 Market opportunity by End-user
      • Exhibit 36: Market opportunity by End-user ($ million)

    6 Customer Landscape

    • 6.1 Customer landscape overview
      • Exhibit 37: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    7 Geographic Landscape

    • 7.1 Geographic segmentation
      • Exhibit 38: Chart on Market share by geography 2021-2026 (%)
      • Exhibit 39: Data Table on Market share by geography 2021-2026 (%)
    • 7.2 Geographic comparison
      • Exhibit 40: Chart on Geographic comparison
      • Exhibit 41: Data Table on Geographic comparison
    • 7.3 North America - Market size and forecast 2021-2026
      • Exhibit 42: Chart on North America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 43: Data Table on North America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 44: Chart on North America - Year-over-year growth 2021-2026 (%)
      • Exhibit 45: Data Table on North America - Year-over-year growth 2021-2026 (%)
    • 7.4 Europe - Market size and forecast 2021-2026
      • Exhibit 46: Chart on Europe - Market size and forecast 2021-2026 ($ million)
      • Exhibit 47: Data Table on Europe - Market size and forecast 2021-2026 ($ million)
      • Exhibit 48: Chart on Europe - Year-over-year growth 2021-2026 (%)
      • Exhibit 49: Data Table on Europe - Year-over-year growth 2021-2026 (%)
    • 7.5 APAC - Market size and forecast 2021-2026
      • Exhibit 50: Chart on APAC - Market size and forecast 2021-2026 ($ million)
      • Exhibit 51: Data Table on APAC - Market size and forecast 2021-2026 ($ million)
      • Exhibit 52: Chart on APAC - Year-over-year growth 2021-2026 (%)
      • Exhibit 53: Data Table on APAC - Year-over-year growth 2021-2026 (%)
    • 7.6 South America - Market size and forecast 2021-2026
      • Exhibit 54: Chart on South America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 55: Data Table on South America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 56: Chart on South America - Year-over-year growth 2021-2026 (%)
      • Exhibit 57: Data Table on South America - Year-over-year growth 2021-2026 (%)
    • 7.7 Middle East and Africa - Market size and forecast 2021-2026
      • Exhibit 58: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
      • Exhibit 59: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
      • Exhibit 60: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
      • Exhibit 61: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)
    • 7.8 US - Market size and forecast 2021-2026
      • Exhibit 62: Chart on US - Market size and forecast 2021-2026 ($ million)
      • Exhibit 63: Data Table on US - Market size and forecast 2021-2026 ($ million)
      • Exhibit 64: Chart on US - Year-over-year growth 2021-2026 (%)
      • Exhibit 65: Data Table on US - Year-over-year growth 2021-2026 (%)
    • 7.9 China - Market size and forecast 2021-2026
      • Exhibit 66: Chart on China - Market size and forecast 2021-2026 ($ million)
      • Exhibit 67: Data Table on China - Market size and forecast 2021-2026 ($ million)
      • Exhibit 68: Chart on China - Year-over-year growth 2021-2026 (%)
      • Exhibit 69: Data Table on China - Year-over-year growth 2021-2026 (%)
    • 7.10 Russia - Market size and forecast 2021-2026
      • Exhibit 70: Chart on Russia - Market size and forecast 2021-2026 ($ million)
      • Exhibit 71: Data Table on Russia - Market size and forecast 2021-2026 ($ million)
      • Exhibit 72: Chart on Russia - Year-over-year growth 2021-2026 (%)
      • Exhibit 73: Data Table on Russia - Year-over-year growth 2021-2026 (%)
    • 7.11 France - Market size and forecast 2021-2026
      • Exhibit 74: Chart on France - Market size and forecast 2021-2026 ($ million)
      • Exhibit 75: Data Table on France - Market size and forecast 2021-2026 ($ million)
      • Exhibit 76: Chart on France - Year-over-year growth 2021-2026 (%)
      • Exhibit 77: Data Table on France - Year-over-year growth 2021-2026 (%)
    • 7.12 Japan - Market size and forecast 2021-2026
      • Exhibit 78: Chart on Japan - Market size and forecast 2021-2026 ($ million)
      • Exhibit 79: Data Table on Japan - Market size and forecast 2021-2026 ($ million)
      • Exhibit 80: Chart on Japan - Year-over-year growth 2021-2026 (%)
      • Exhibit 81: Data Table on Japan - Year-over-year growth 2021-2026 (%)
    • 7.13 Market opportunity by geography
      • Exhibit 82: Market opportunity by geography ($ million)

    8 Drivers, Challenges, and Trends

    • 8.1 Market drivers
      • 8.2 Market challenges
        • 8.3 Impact of drivers and challenges
          • Exhibit 83: Impact of drivers and challenges in 2021 and 2026
        • 8.4 Market trends

          9 Vendor Landscape

          • 9.1 Overview
            • 9.2 Vendor landscape
              • Exhibit 84: Overview on Criticality of inputs and Factors of differentiation
            • 9.3 Landscape disruption
              • Exhibit 85: Overview on factors of disruption
            • 9.4 Industry risks
              • Exhibit 86: Impact of key risks on business

            10 Vendor Analysis

            • 10.1 Vendors covered
              • Exhibit 87: Vendors covered
            • 10.2 Market positioning of vendors
              • Exhibit 88: Matrix on vendor position and classification
            • 10.3 EarthLink LLC
              • Exhibit 89: EarthLink LLC - Overview
              • Exhibit 90: EarthLink LLC - Product / Service
              • Exhibit 91: EarthLink LLC - Key offerings
            • 10.4 EchoStar Corp.
              • Exhibit 92: EchoStar Corp. - Overview
              • Exhibit 93: EchoStar Corp. - Business segments
              • Exhibit 94: EchoStar Corp. - Key news
              • Exhibit 95: EchoStar Corp. - Key offerings
              • Exhibit 96: EchoStar Corp. - Segment focus
            • 10.5 Eutelsat SA
              • Exhibit 97: Eutelsat SA - Overview
              • Exhibit 98: Eutelsat SA - Product / Service
              • Exhibit 99: Eutelsat SA - Key news
              • Exhibit 100: Eutelsat SA - Key offerings
            • 10.6 Freedomsat
              • Exhibit 101: Freedomsat - Overview
              • Exhibit 102: Freedomsat - Product / Service
              • Exhibit 103: Freedomsat - Key news
              • Exhibit 104: Freedomsat - Key offerings
            • 10.7 Lumen Technologies Inc.
              • Exhibit 105: Lumen Technologies Inc. - Overview
              • Exhibit 106: Lumen Technologies Inc. - Business segments
              • Exhibit 107: Lumen Technologies Inc. - Key offerings
              • Exhibit 108: Lumen Technologies Inc. - Segment focus
            • 10.8 OneWeb
              • Exhibit 109: OneWeb - Overview
              • Exhibit 110: OneWeb - Product / Service
              • Exhibit 111: OneWeb - Key news
              • Exhibit 112: OneWeb - Key offerings
            • 10.9 Singapore Telecommunications Ltd.
              • Exhibit 113: Singapore Telecommunications Ltd. - Overview
              • Exhibit 114: Singapore Telecommunications Ltd. - Business segments
              • Exhibit 115: Singapore Telecommunications Ltd. - Key offerings
              • Exhibit 116: Singapore Telecommunications Ltd. - Segment focus
            • 10.10 Space Exploration Technologies Corp.
              • Exhibit 117: Space Exploration Technologies Corp. - Overview
              • Exhibit 118: Space Exploration Technologies Corp. - Product / Service
              • Exhibit 119: Space Exploration Technologies Corp. - Key offerings
            • 10.11 Viasat Inc.
              • Exhibit 120: Viasat Inc. - Overview
              • Exhibit 121: Viasat Inc. - Business segments
              • Exhibit 122: Viasat Inc. - Key news
              • Exhibit 123: Viasat Inc. - Key offerings
              • Exhibit 124: Viasat Inc. - Segment focus
            • 10.12 Wireless Innovations Ltd.
              • Exhibit 125: Wireless Innovations Ltd. - Overview
              • Exhibit 126: Wireless Innovations Ltd. - Product / Service
              • Exhibit 127: Wireless Innovations Ltd. - Key offerings

            11 Appendix

            • 11.1 Scope of the report
              • 11.2 Inclusions and exclusions checklist
                • Exhibit 128: Inclusions checklist
                • Exhibit 129: Exclusions checklist
              • 11.3 Currency conversion rates for US$
                • Exhibit 130: Currency conversion rates for US$
              • 11.4 Research methodology
                • Exhibit 131: Research methodology
                • Exhibit 132: Validation techniques employed for market sizing
                • Exhibit 133: Information sources
              • 11.5 List of abbreviations
                • Exhibit 134: List of abbreviations

              Research Framework

              Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

              TechnavioINFORMATION SOURCES

              Primary sources

              • Manufacturers and suppliers
              • Channel partners
              • Industry experts
              • Strategic decision makers

              Secondary sources

              • Industry journals and periodicals
              • Government data
              • Financial reports of key industry players
              • Historical data
              • Press releases
              Technavio

              TechnavioDATA ANALYSIS

              Data Synthesis

              • Collation of data
              • Estimation of key figures
              • Analysis of derived insights

              Data Validation

              • Triangulation with data models
              • Reference against proprietary databases
              • Corroboration with industry experts
              Technavio

              TechnavioREPORT WRITING

              Qualitative

              • Market drivers
              • Market challenges
              • Market trends
              • Five forces analysis

              Quantitative

              • Market size and forecast
              • Market segmentation
              • Geographical insights
              • Competitive landscape
              Interested in this report?
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              Satellite Internet Market market growth will increase by $2.70 bn during 2022-2026.
              The satellite internet market market is expected to grow at a CAGR of 13.34% during 2022-2026.
              Technavio has segmented the satellite internet market market by end-user (Commercial and Non-commercial) and geography (North America, Europe, APAC, South America, and Middle East and Africa).
              Bharti Airtel Ltd., DSL Telecom, EarthLink LLC, EchoStar Corp., Eutelsat SA, Freedomsat, Gravity Internet, Lumen Technologies Inc., OneWeb, Singapore Telecommunications Ltd., Space Exploration Technologies Corp., Viasat Inc., Wireless Innovations Ltd. are a few of the key vendors in the satellite internet market market.
              North America will register the highest growth rate of 44% among the other regions. Therefore, the satellite internet market market in North America is expected to garner significant business opportunities for the vendors during the forecast period.
              The key factors driving the satellite internet market market growth are:
              • Growth in the number of IoT devices
              • Increasing deployment of 5G network
              The satellite internet market market vendors should focus on grabbing business opportunities from the commercial segment as it accounted for the largest market share in the base year.
              • What are the key global market and the regional market share?
              • What are the revenue-generating key market segments?
              • What are the key factors driving and challenging this market’s growth?
              • Who are the key market vendors and their growth strategies?
              • What are the latest trends influencing the growth of this market?
              • What are the variables influencing the market growth in the primary regions?
              • What are the factors influencing the growth of the parent market?
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              • Details on the market shares of various regions
              • Five-force market analysis

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