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Global High-Throughput Satellite Market Forecast
October 3, 2018 | PRNewswireEstimated reading time: 1 minute
Global high-throughput satellite market (capacity revenue) generated a revenue of $3.466 billion in 2017, with broadband application holding the highest share.
The HTS market has witnessed a high growth rate owing to the growing need for network connectivity, rise in the demand for high-throughput satellite constellations, and increase in the deployment of high-throughput satellites for commercial end users. The high-throughput satellite market is developing significantly and much of this has been attributed to the rapid technological advancement in this field.
The global high-throughput satellite market has exhibited a high growth in the recent past. Currently, the space industry is at the cusp of a major revolution, as a large number of HTS are expected to be launched in the next five years. The HTS market has witnessed a high growth rate owing to the growing need for network connectivity, rise in the demand for high-throughput satellite constellations, and increase in the deployment of high-throughput satellites for commercial end users. The recent innovations in satellite equipment and services enable the HTS technology to reach a wider segment of consumers in the industry.
Global high-throughput satellite market is segmented into six types: broadband, mobility, enterprise, government, cellular backhaul, and broadcast. Consumer broadband dominated the global high-throughput satellite market (capacity revenue) in 2017. The growing need for the data connectivity across the globe is the reason behind the biggest market share of consumer broadband. During the forecast period, mobility market is expected to grow at a faster rate in comparison with the other types. The growing need for the inflight and maritime connectivity is the major factor driving the high growth.
North America, followed by Latin America, Asia-Pacific, Middle East and Africa, and Europe is expected to dominate the market during the forecast period (2018-2023). The United States is the leading country in the global high-throughput satellite market, and the country is expected to maintain its dominance during the forecast period. Asia-Pacific is expected to grow at the highest CAGR, with Indonesia dominating the market in this region. This region is growing at a much faster rate as compared to the North America and Europe due to continuous efforts by both the government and the high-throughput satellite operators.
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