The Global Sky Based Communications market is expected grow at a high rate in the forecasted period owing to the factors such as burgeoning demand for the next-generation satellite communication, propelling the adoption of advanced technologies such as AI and the Internet of Things (IoT) and surging demand among transportation sector due to integration of intelligent transport systems (ITS) in order to enable seamless transmission of data between the vehicle and the transport hub.
According to MarkNtel Advisors’ research report “Global Sky Based Communications Market Analysis, 2021”, the Global Sky Based Communications market is anticipated to grow at a CAGR of around 8% during 2021-26. Based on Application, Broadcasting segment acquired the largest market share in 2020 and is expected to dominate over the forecast period. The growth is attributed to a significant rise in internet penetration worldwide, boost in the demand for OTT services by millennials, growing demand for broadband.
“Global Sky Based Communications Market Analysis, 2021” provides comprehensive qualitative and quantitative insights on the industry potential, key factors impacting sales and purchase decisions, hotspots, and opportunities available for Sky Based Communications providers across the Globe. Moreover, the report also encompasses the key strategic imperatives for success for competitors along with strategic factorial indexing measuring competitor's capabilities on 16 parameters. This will help companies in the formulation of Go to Market Strategies and identifying the blue ocean for its offerings.
North America Dominated the Market
North America dominated the Global Sky Based Communications market in 2020. US grabbed the highest market share in the North America market on account of rising investment towards communications infrastructure based on nano-satellite technology, adoption of M2M in satellite technology, and extensive spending on satellite broadband to connect rural areas are some of the factors anticipated to bolster the growth of the Sky Based Communications Market in the forthcoming period as stated in MarkNtel Advisors’ research report “Global Sky Based Communications Market Analysis, 2021”.
According to MarkNtel Advisors’, the key players with a considerable market share in the Global Sky Based Communications 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 etc.
Key questions answered in the study: