Latest News- Satellite Internet Market: K-band is expected to lead the Type segment during 2025-2029

The Satellite Internet Market is being driven by Growing number of IoT devices

The Satellite Internet Market is expected to grow at a CAGR of 19.7% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 7613.4 million. Telecommunication service providers and network device manufacturers are exhibiting a heightened interest in the deployment of 5G networks, which boast a significantly larger bandwidth than their predecessors, including 2G, 3G, and 4G. The 5G standard's ultra-fast Internet connectivity and low latency will enable enterprises to enhance their operational efficiency. However, satellite internet can serve as a valuable complement to 5G, particularly in regions where installing physical infrastructure is challenging. Furthermore, with the growing prevalence of Internet of Things (IoT) devices, satellite internet effectively addresses the increasing traffic and number of connections in remote areas. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Type
  • K-band
  • X-band
  • L-band
  • C-band
• End-user
  • Commercial
  • Non-commercial
• Geography
  • North America
    • Canada
    • US
  • Europe
    • Germany
    • UK
    • France
  • APAC
    • China
    • India
    • Japan
  • South America
    • Brazil
  • Middle East and Africa

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Growing number of IoT devices
• Evolution of frequency bands
• Rising demand for Internet connectivity in rural areas

However, the market also witnesses some limitations, which are as follows:

• Influence of bad weather on satellite internet
• Growing demand for fiber optics
• High cost of satellite hardware and components

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Market Scope in Satellite Internet Market Research Report

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Research Analysis Overview

Satellite Internet, a vital component of satellite communication, offers global connectivity to areas with limited or no terrestrial connection networks. Despite its potential to bridge the digital divide, infrastructure challenges and natural disasters pose obstacles. Eutelsat's merger with other satellite operators aims to enhance bandwidth capabilities. Geostationary satellites provide communication capabilities for educational opportunities, healthcare services, economic development, and social inclusion. Network management systems and international coordination are crucial for effective satellite Internet usage. Despite infrastructure challenges, satellite Internet plays a significant role in addressing communication needs during emergencies and in remote regions.

Market Research Overview

The Satellite Internet market, a segment of the broader Global Communications Equipment Market, encompasses satellite communication technology and connection networks that provide global connectivity, bridging the digital divide in remote locations and disaster management scenarios. According to Technavio, this market is driven by the expansion of data centers and the requirement for seamless connectivity in diverse geographies. The Communications Equipment Market, which includes enterprise networking products like LANs, WANs, routers, telephones, switchboards, and exchanges, as well as communications infrastructure or telecom equipment, is expected to grow significantly due to these factors. Technavio's market analysis calculates the market size based on revenue generated from communication equipment sales, broadcasting equipment, and telecommunication equipment, as well as investments in communication infrastructure by service providers. The market size excludes revenue from cellular phone manufacturers.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
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