The recent analytical report published by Markntel Advisors (a leading consulting, data analytics, and market research firm), Sky Based Communication Market comprises a detailed study of critical and major aspects of market dynamics, i.e. market trends, size, forecasts, growth factors, challenges, and competitor landscape. The research company provides an extensive range of strategic reports on diverse industry verticals to substantial and varied client bases, including multinational corporations, financial institutions, governments, and individuals, among others.
Sky Based Communication Industry Analytical Overview (2021-2026): Drivers, Opportunities, Challenges, and Trends,
According to the latest report, 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 report significantly addressed considerable changes, gap analyses, and competitive studies using qualitative and quantitative data. These include the widespread segmentation, geography, and recent developments, entailing information on the fluctuation in the demand, sales, revenue, and other parameters experienced and expected in the industry for the forecasting year i.e. 2021 to 2026.
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What is Included in Sky Based Communication Market Segmentation?
The report has segmented the market into the following categories:
By Applications
Telecommunication
Broadband
Navigation
Remote Sensing
Broadcasting
Data communications
Others
By Platform
Satellites
By Frequency
L & S Band (1-4 GHZ)
C & X Band (5-12 GHZ)
Ku & Ka Band (13-40 GHZ)
UAVs
High Altitude Platform Stations
By Components
Modems
Gateways
Antennas
Transponders
Receivers & Transmitters
Others
By End Users
Maritime
Aerospace & Defence
Industrial
Transportation & Logistics
Media
Government & Public Safety
Agriculture
Others
Of them all, the Aerospace & Defense sectors are anticipated to dominate the market with the largest share during 2021-26. It owes principally to the immense requirement for flexible, uninterrupted, secure, and reliable communications networks to expedite data sharing for critical missions, thereby propelling the demand for sky-based communication systems. Besides, the booming utilization of Unmanned Aerial Vehicles (UAVs) for applications like monitoring, surveillance, transportation, retrieving images & data, etc., is also backing the market growth around the aerospace & defense sectors.
By Region
North America
South America
Asia-Pacific & Oceania
Middle East & Africa
Europe
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Key Factor Driver Sky Based Communication Industry Growth by 2026
Burgeoning Adoption of IoT in the Aviation Industry to Drive the Market – The governments of different countries are actively taking various initiatives & investing substantially in the research & development on integrating new technologies like the Internet of Things (IoT) & Artificial Intelligence (AI) in satellites. The aviation industry is witnessing an increasing utilization of IoT, which requires extensive & secure network connections for their operations. It, in turn, is boosting the demand for satellite communication to provide these systems with the needed communication channels. IoT devices, using satellite connectivity, transmit & exchange real-time data between IoT systems & components used in these domains, which helps optimize aviation operations. Hence, these aspects are projected to drive the Global Sky-Based Communication Market in the coming years. Some other aspects that shall boost the market include:
Massive investments in 5G deployment that require higher bandwidth, which, in turn, is leading to more number of satellites getting launched
Increasing need for maritime satellite communication
Mounting adoption of satellites for real-time data tracking
Who are the Key Players Operating in the Sky Based Communication Industry?
The top companies of the Sky Based Communication market ruling the industry are:
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
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FAQs (Frequently Ask Questions)
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MarkNtel Advisors is a leading consulting, data analytics, and market research firm that provides an extensive range of strategic reports on diverse industry verticals. We being a qualitative & quantitative research company, strive to deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, and individuals, among others.
We have our existence across the market for many years and have conducted multi-industry research across 80+ countries, spreading our reach across numerous regions like America, Asia-Pacific, Europe, the Middle East & Africa, etc., and many countries across the regional scale, namely, the US, India, the Netherlands, Saudi Arabia, the UAE, Brazil, and several others.
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