Global Satellite Internet Market Report, Market Size, Share, Trends, Analysis and Forecast to 2028

According to Stratistics MRC, the Global Satellite Internet Market accounted for $8.37 billion in 2022 and is expected to reach $17.99 billion by 2028, growing at a CAGR of 13.6% during the forecast period.

Satellite Internet is a wireless network that provides access to satellite dishes both in space and on Earth. It connects people in remote locations around the world and provides access to current information. Satellite Internet is accessed through high-speed network connectivity provided by earth-circling satellites. It is faster than standard internet service and distinguishes itself from land-based broadband services like digital subscriber line (DSL) and cable. Satellite communication provides a land-based interface for accessing voice, video, and information from anywhere on the planet.

As no other mode of internet is available in rural areas, demand for satellite internet has increased. Satellite internet can provide internet to every corner of the globe, from hilly areas to deserts where internet access is difficult to come by, increasing demand for satellite internet in such areas. Furthermore, satellite provides some of the fastest internet available in rural areas. Additionally, satellite internet technology has evolved to provide users with more speed and data, so developing nations in various LAMEA and Asian countries are rapidly adopting this service, propelling market growth. It allows people in rural areas to connect to the rest of the world because it is very expensive for telecommunications companies to provide services in remote or difficult-to-reach areas. These factors are driving the growth of the rural satellite internet market.

By geography, The Asia Pacific region is expected to grow at the fastest CAGR during the forecast period, owing to an increase in the use of satellite internet by various vendors to instantly communicate with their employees and customers. Furthermore, the Chinese government has begun investing in the formation of a wholly owned government company to develop and operate a satellite broadband constellation, providing a lucrative opportunity for the market.

Some of the key players profiled in the Satellite Internet Market include SES S.A, Viasat, Inc., Intelsat, OneWeb, Singtel, Skycasters, SpaceX, Telesat, EchoStar Corporation, Embratel, Eutelsat Communications SA, Freedomsat, Hughes Network Systems, LLC, L3 Technologies, Inc., Thuraya Telecommunications Company, SKY Perfect JSAT Group and Gilat Satellite Networks.

Request a Sample of "Satellite Internet Market" @
https://www.strategymrc.com/report/satellite-internet-market

Band Types Covered:
• L-band
• C-band
• K-band
• X-band
• Other band types

End Users Covered
• Government & Public Sector
• Transport & Cargo
• Military
• Energy & Utility
• Maritime & Aircraft
• Enterprises
• Corporate Institutions
• Telecommunication Industry
• Media & Broadcasting
• Other End Users

Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
● Company Profiling
● Comprehensive profiling of additional market players (up to 3)
● SWOT Analysis of key players (up to 3)
● Regional Segmentation
● Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
● Competitive Benchmarking
● Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

For more information about this report visit
https://www.strategymrc.com/report/satellite-internet-market
Report Store: https://www.strategymrc.com/report-store
Covid-19 reports: https://www.strategymrc.com/covid-19-impact-reports

Contact Us:

Email: sales@strategymrc.com
Organization: Stratistics Market Research Consulting Pvt Ltd
Phone: +1-301-202-5929
Website: https://www.strategymrc.com

About Us:

Stratistics MRC offers a wide spectrum of research and consulting services with in-depth knowledge of different industries. Our research reports and publications are routed to help our clients to design their business models and enhance their business growth in the competitive market scenario. We have a strong team with hand-picked consultants including project managers, implementers, industry experts, researchers, research evaluators and analysts with years of experience in delivering the complex projects.

This release was published on openPR.