According to MarkNtel Advisors, the Global Sky Based Communication Market is projected to grow at a CAGR of 28% in the forecast period of 2021-26. The market is driven principally by the increasing use of satellite communication across the military & defense sector to establish connectivity across their various assets like planes, drones, Unmanned Aerial Vehicles, etc.
Besides, the burgeoning demand for UAVs & the increasing Beyond Line of Sight (BLOS) operations are other crucial aspects fueling the demand for sky-based communication systems for seamless connectivity between the aircraft & ground-based pilots to attain the required data.
Moreover, owing to the continuous & uninterrupted communication provided by sky-based communication systems, their application is expanding rapidly, especially across verticals like defense, government, maritime, aerospace, industrial, transportation & logistics, and media, among others, thereby driving the market.
In addition, the increasing research & development activities to bring innovations like the Internet of Things (IoT) & Artificial Intelligence (AI) in satellite technology are also playing a crucial role in augmenting the market growth, further states the research report.
Key questions answered in the study
Satellites Held a Significant Share of the Global Sky-Based Communication Market in Recent Years
Among all platforms of Sky-Based Communication, the significant demand for Satellites has been principally due to the increasing need for a well-established, continuous, & uninterrupted communication medium across different verticals like energy & utilities, oil & gas, automotive, defense, etc.
Besides, the extensive application of satellites also includes military surveillance, navigation, monitoring weather, and telecommunication, among others. Moreover, the rising inclination toward cloud-based services for ground mobility platforms is another crucial aspect driving the global market for Satellite-based communication.
North America is a Major Market for the Sky Based Communication Market.
North America is experiencing substantial funding in its military & government communication networks. The regional market growth attributes to the continuously increasing demand for satellite communication devices by the US defense sector and the ongoing transformation of the military communication infrastructure.
Additionally, the mounting need for sky-based communication, especially for navigation purposes to manage transportation with less congestion & traffic, is another crucial aspect that drives the North American market, reveals in their research report.
Key Market Competitors
According to MarkNtel Advisors, the leading players in the Global Sky Based Communication Market are SES S.A., Honeywell Corporation, Viasat, Inc., Intelsat, Telesat, EchoStar Corporation, L3 Technologies, Inc., Thuraya Telecommunications Company, SKY Perfect JSAT Group, GILAT SATELLITE NETWORKS, Cobham Limited, Thales Group, General Dynamics, Satcom Global, Newtec, Hughes Network Systems, Iridium, Harris, Avl Technologies, Aselsan.