Sky-based communication transfers data in the form of audio, video, and sometimes Data & Telemetry (Temperature & Light intensity) from one device to another via receivers, transmitters, modems, and other broadcasting components. This type of communication is used across different verticals like aerospace, defense, automotive, electronic, among others for connectivity across extensive areas.
The Global Sky Based Communication Market is projected to grow at a CAGR of around 28% during the forecast period, i.e., 2021-26, says MarkNtel Advisors. The market growth attributes primarily to the growing need of the rapidly expanding aerospace & defense sectors worldwide to attain secure communication lines with timely data transmission using digital mediums. Besides, the increasing number of satellite launches for communication and the mounting need for uninterrupted communication in military & defense applications are other crucial aspects that shall soar the demand for sky-based communication systems in the forecast period.
|Study Period||Historical Data: 2016-19|
|Base Year: 2020|
|Forecast Period: 2021-26|
|Regions Covered||North America: USA, Canada, Mexico|
|Europe: Germany, The UK, Germany, France, Spain, Italy and Others|
|Asia-Pacific: China, India, Japan, South Korea, Australia and Others|
|South America: Brazil, Argentina|
|Middle East & Africa: UAE, Saudi Arabia, South Africa, Israel|
|Key Companies Profiled||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|
|Unit Denominations||USD Million/Billion|
Increasing technological advancements like the Internet of Things (IoT) & Artificial Intelligence (AI) in satellite communication, coupled with the competitive edge of High Altitude Platform System (HAPS) for fixed broadband connectivity & communication between core networks & mobiles for backhauling traffic over conventional satellite systems, are also backing the market growth.
Although, the market observed a slight decline in growth due to the Covid-19 pandemic in 2020, which resulted in severe economic fluctuations globally. However, 2021 has brought revival to the market with the recommencement of operations and research & development activities in satellite technology, especially across prominent regions like North America, Europe, and Asia-Pacific.
Covid-19 had a Dual Impact on the Global Sky Based Communication Market
The emergence of the Covid-19 pandemic had a decelerating effect on most industries worldwide. Yet, the Global Sky Based Communication market observed a dual impact. Initially, the market faced certain challenges with the hampered supply chain & shutdown of manufacturing industries that affected several sectors like aviation, aerospace, automotive, etc., which, in turn, resulted in reduced demand for sky-based communication. The market further observed a temporary halt on research & development activities & all initiatives taken for deploying innovative sky-based communication solutions got suspended.
On the other hand, while the government of different countries had to respond in unprecedented ways like frequent lockdowns & stringent movement restrictions to curb the virus spread, most industries adopted the Work-from-Home culture. Due to this, the demand for efficient communication mediums from diverse locations soared considerably. Additionally, this trend also propelled the use of internet services and, in turn, infused a swift rise in the requirement for sky-based communication mediums.
Moreover, seeing a gradual improvement in the pandemic situation, the governments of different countries have uplifted the restrictions since 2021 and allowed the recommencement of all research operations. Currently, the market is on the track of regaining its usual pace & expects a boom in the years to come.