Press Release Description
Extensive Satellite Usage in the Media & Telecom Sector Drives the India Sky-based Communication Market through 2026
The India Sky Based Communication Market is projected to witness around 27% CAGR during 2021-26. According to MarkNtel Advisors, the market is driven primarily by the burgeoning number of ATMs that require high reliability in data communication, especially across remote & rural areas. Moreover, the rapidly expanding aviation industry and the increasing adoption of consumer electronics also augment the market growth.
Besides, the increasing number of satellite launches and the integration of new technologies like Artificial intelligence (AI) & the Internet of Things (IoT) in sky-based communication are other prominent aspects driving the market. The active participation of the Indian government through various initiatives & massive investments in the research & development of satellite technology to enhance the existing connectivity infrastructure is also backing the market growth through 2026.
Media & Telecom Held More Than 50% of the Market Share
The media & telecom industry captured a whopping market share of more than 50%, owing to its immense expansion in India, coupled with the extensive use of satellite communication in the telecom sector. Moreover, the significant usage of OTT platforms like Netflix, Amazon Prime Video, etc., especially amidst the Covid-19 crisis, also resulted in the burgeoning demand for sky-based communication in the media & telecom sector.
The throughput requirements for mobile networks have witnessed exponential growth across India. The capital expenditure on terrestrial backhaul involves creating microwave links and laying fiber from the Points of Presence (PoPs) to the internet core. And, building satellite backhaul includes purchasing & installing VSATs, antennas, and a hub, thereby infusing the need for satellite communication.
Agriculture Sector Demonstrates a Considerable Market Growth during 2021-26
The mounting focus of the Indian government on improving agricultural efficiency by encouraging the adoption of smart technologies to monitor the crops closely & attain higher yield is driving the sky-based communication market across India’s agriculture sector.
Sky-based communication devices enable farmers to forecast weather conditions, harvest yields, crop infestation, analyze the possibilities of rain, & make informed decisions based on the stats provided by earth observation satellites and, in turn, minimize crop damage. Hence, these aspects indicate the considerable market growth across the agriculture sector of India in the coming years, states MarkNtel Advisors in their research report, “India Sky Based Communication Market Analysis, 2021.”
Key Market Competitors
According to MarkNtel Advisors, the leading players in the India Sky Based Communication Market are Honeywell Corporation, Inmarsat, Iridium Communications Inc., Viasat, Inc., Intelsat, Telesat, L3 Technologies, Inc., Thales Group, General Dynamics, Dhruva Space, Tata Communications Ltd., Hughes Communications India Pvt. Ltd., and Antrix Corporation Ltd.
Key Questions Answered in the Study:
- What are the current & future trends in the India Sky Based Communication Market?
- How has the industry been evolving in terms of geography & service adoption?
- How has the competition been shaping across India, followed by their comparative factorial indexing?
- What are the key growth drivers & challenges for the India Sky Based Communication Market?
- What are the customer orientation, purchase behavior, and expectations from the sky-based communication service providers in India?
Market Segmentation:
- By Component (Modems, Gateways, Antennas, Transponders, Receivers & Transmitters, Others)
- By Application (Telecommunication & Data Communication, Broadband, Navigation, Remote Sensing, Broadcasting, Others)
- By Platform (Satellites (By Frequency (L & S Band (1-4 GHz), C & X Band (5-12 GHz), Ku & Ka-Band (13-40 GHz)), UAVs, High Altitude Platform Stations)
- By End-User (By Mobility, Maritime, Aerospace & Defense, Transportation & Logistics, Government & Public Safety, Others), Non-Mobility (Media & Telecom, Enterprises (Banks, Petrol Pumps, etc.), Agriculture, Others))
- By Competitors (Honeywell Corporation, Inmarsat, Iridium Communications Inc., Viasat, Inc., Intelsat, Telesat, L3 Technologies, Inc., Thales Group, General Dynamics, Dhruva Space, Tata Communications Ltd., Hughes Communications India Pvt. Ltd., Antrix Corporation Ltd.)
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