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Market Definition
Ground station services are an essential part of the space industry, enabling the massive data being generated in orbit to be downlinked. Besides, ground station services allow operators to uplink instructions to satellites. The ground segment usually comprises a single antenna or a network of antennae operating at specific frequencies, with the ability to track satellites across the sky.
Market Insights
The Global Space Ground Station Services Market is projected to grow at a CAGR of around 5.6% during the forecast period, i.e., 2023-28. The growing need to ensure that the satellite is maximizing its utility in orbit also calls for a series of complex steps and technology. These technologies need to be deployed efficiently and accurately in order to get quality results. As such, Ground Antennas are required to constantly monitor satellite status and enable the operators to download the data needed by their customers. These ground antennae, forming the ground stations, exchange electromagnetic waves with satellites or other systems in orbit. Thus, the market is characterized by the unmatched capabilities of ground stations in aiding communication with the satellites or systems in orbit. The widening adoption can be accredited to the ability of the associated equipment to store, manage, process, and provide data to end-users or satellite owners as needed.
| Report Coverage | Details |
|---|---|
| Study Period | Historical Data: 2018-21 |
| Base Year: 2022 | |
| Forecast Period: 2023-28 | |
| CAGR (2023-2028) | 5.6% |
| Regions Covered | North America: USA, Canada |
| South America: Brazil, Rest of South America | |
| Europe: The UK, Germany, France, Russia, Rest of Europe | |
| Asia-Pacific: China, India, Japan, South Korea, Rest of Asia-Pacific | |
| Middle East & Africa: Turkey, South Africa, Rest of Middle East & Africa | |
| Key Companies Profiled | Microsoft Azure, Amazon Web Services, Kongsberg Satellite Services(KSAT), BridgeComm, Inc., NASA, The Swedish Space Corporation (SSC), CONTEC, Intelsat, Leaf Space, Russian Satellite Communications Company, ATLAS Space Operations, The European Space Agency, HEAD Aerospace Group, Space Star Technology Co, Ltd, Antrix Corporation Limited, SPACEX, Others |
| Unit Denominations | USD Million/Billion |
Moreover, Global Space Ground Station Services Market witnessed considerable growth during the historical period, owing to the rising demand for Non-GEO constellations satellites across the globe. In addition, the numerous applications, including weather forecasting, surface imaging, communications, video broadcasts, etc., are likely to contribute substantially to the market growth. Along with this, the rising multiple aggregator business models across the globe emerging as a prominent factor in the evolution of the market. Furthermore, the rising number of partnerships along with the introduction of new entrants offering ground station services globally is anticipated to boost demand for ground station services during the forthcoming years. For instance,
• In November 2018, European startup Leaf Space raised approximately USD1.5 million for the development of 10 ground-station networks that started their operations in 2020.
Key Trends in the Global Space Ground Station Services Market
The advent of mobile ground stations has brought a paradigm shift in the market dynamics in the past few years. Because of the high initial cost associated with building a ground station, the adoption of small and portable mobile or cloud-based alternatives is gaining traction these days. Moreover, these types of stations facilitate researchers in space and others easy access to satellite signals without raising the need for the traditional ground station. Owing to the minimal infrastructure requirements, numerous market players now seek to invest in cloud-based ground stations, making them available for international purposes as well. This expansion, in turn, shall lead to market ascension during the forecast period.
