Fixed Satellite Services Market Size, Share, and Industry Analysis, By Service Type (TV Channel Broadcast, Telecom Backhaul, Broadband Services, Content and Video Distribution, Military Satellite Communication, and Others), By Enterprise Size (Small Offices and Home Offices (SOHO), Small and Medium Businesses (SMB), and Large Enterprises), By End-Users (Media and Entertainment, Education, Government, IT and Telecommunications, Retail, Oil and Gas, Aerospace and Defense, and Others), and Regional Forecast, 2024-2032

Fixed satellite services are used to support fixed installations and provide the basis for several communication and broadcasting applications. It's based on geostationary satellites, which are located at an altitude of approximately 35,000 kilometers from the equator. A key category of satellite communications services that establish continuous and stable communication links between stationary marine or terrestrial stations is fixed satellite service.

The demand for fixed satellite services is expected to experience significant growth over the next few years as a result of the increasing numbers of households adopting HDTV channels and DTH subscriptions. The growth of the market is anticipated to be driven by factors, such as increasing investments in military satellite communications, a rise in the demand for corporate enterprise networks in the oil and gas industry, and high-throughput connectivity. However, barriers to growth in the market can be recognized as competition from alternative technologies, spectrum management and interference, and restrictions on regulation. In general, the market is projected to be substantially expanded in the foreseeable future based on continuous innovation and cooperation by industry participants. Globalstar signed a USD 64.0 million contract with SpaceX to launch new communications satellites by 2025.

During the peak of COVID-19, the adoption of fixed satellite services received a slight positive response. Satellites offer a wide range of voice, data, and broadcast communications solutions that are essential for public authorities, businesses, or consumers in both international and domestic markets, as well as remote sensing, navigation, earth observation, and other special services. During the pandemic, companies launched several initiatives to support the community and team members. In this context, satellite power is also being used by world space agencies, such as NASA, to demonstrate the effects of COVID-19 on Earth's overall change.

Segmentation:

Key Insights: 

The report covers the following key insights:

• Micro and  Macro Economic Indicators


• Drivers, Restraints, Trends, and Opportunities       


• Business Strategies Adopted by the Players

Analysis by End-Users:

Based on end-users, the market is segmented into media and entertainment, education, government, IT and telecommunications, retail, oil and gas, aerospace and defense, and others. In 2023, the aerospace and defense segment reported the largest market share as most of the satellites in orbit are providing services to defense organizations and their staff and soldiers located on remote continents around the world. Due to its ability to handle critical voice communications and provide information on troop deployment and movements via intelligence collected from space-based sensors, defense forces around the world are increasingly adopting VSATs.

Regional Analysis:

The fixed satellite services market is divided into five regions: North America, Europe, Asia Pacific, Middle East & Africa, and South America.

North America dominated the market in 2023. North America's communications and telecommunications sector is very advanced, with consumers constantly searching for better solutions. With the increase in the number of smartphones, the demand for mobile Internet is increasing. The growth of the fixed satellite services market is also driven by strong demand for high-speed Internet and communications from business sectors, as well as a shift in people's preferences toward DTH over cable.

The distribution of the fixed satellite services market by region is as follows:

• North America – 35%


• South America – 8%


• Europe – 20%


• Middle East & Africa – 12%


• Asia Pacific – 25%

Key Players:

The report comprises key players, such as Telenor Satellite AS, Intelsat Corporation, Eutelsat Communications, SES S.A, Telesat Holdings, SKY Perfect JSAT Corporation, Embratel Star One, Thaicom Public Company Ltd, Nigerian Communications Satellites Ltd, Singapore Telecommunications Ltd (Singtel), Arabsat, Hispasat, and others.

Key Industry Developments:

• In March 2024, Arabsat, the satellite service provider in the Middle East region, signed a MoU between Arabsat and Telesat to establish a long-term strategic partnership. The partnership aims to work together on the commercialization of the Telesat Lightspeed constellation in the Middle East and North Africa region, as well as regulatory issues and orbital resources.


• In September 2023, SpaceX, which manufactures, designs, and launches progressive rockets and spacecraft, and Telesat, the satellite operator, announced an agreement to provide the Telesat Lightspeed constellation to Low Earth Orbit (LEO).