Eastern Europe and North Africa Satellite Communication Market Size By Component (Services and Equipment), By Application (Telecommunication, Broadcasting and Data Communication), By Industry Vertical (Media and Entertainment, Government), By Geographic Scope And Forecast
Published Date: August - 2024 | Publisher: MIR | No of Pages: 320 | Industry: latest updates trending Report | Format: Report available in PDF / Excel Format
View Details Buy Now 2890 Download Sample Ask for Discount Request CustomizationEastern Europe and North Africa Satellite Communication Market Size By Component (Services and Equipment), By Application (Telecommunication, Broadcasting and Data Communication), By Industry Vertical (Media and Entertainment, Government), By Geographic Scope And Forecast
Eastern Europe and North Africa Satellite Communication Market Size And Foreacst
The Eastern Europe Satellite Communication Market size was valued at USD 20,189.50 Million in 2020 and is projected to reach USD 33,295.28 Million by 2028, growing at a CAGR of 6.79% from 2021 to 2028.
The North Africa Satellite Communication Market size was valued at USD 5,121.90 Million in 2020 and is projected to reach USD 6,712.40 Million by 2028, growing at a CAGR of 3.61% from 2021 to 2028.
The growing aviation sector in the North Africa and Eastern Europe markets is driving the growth of the satellite telecommunication market. Also, The rising growth of the Pay-TV sector in North Africa and Eastern Europe regions is boosting the growth of the market. The Eastern Europe and North Africa report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.
Eastern Europe and North Africa Satellite Communication Market Definition
Satellite communication is the use of artificial satellites for communication purposes. It relays and amplifies radio telecommunications signals through a transponder. SATCOM basically creates the communication channel between a source transmitter and a receiver at different locations on earth. Communication satellites are mainly used in applications such as television, telephone, radio, internet, and military applications. They are used for mobile applications such as communication to ships, planes, vehicles, hand-held terminals, and for TV and radio broadcasting. SATCOMS is responsible for providing these services to an assigned area or region on the earth.
One of the main advantages offered by satellite communication is superior reliability unlike other forms of communication. They can provide communication capabilities spanning long distances and can operate under circumstances that are inoperable for other forms of communication. Satellite communication could provide superior performance as speed and uniformity are much more pronounced than other forms of communication.
Eastern Europe and North Africa Satellite Communication Market Overview
The significance of satellite communication has increased in the aviation sector in recent years. The growing aviation sector in the North Africa and Eastern Europe market is driving the growth of the satellite telecommunication market. Eastern Europe has almost two aircraft in order to the five aircraft in service, indicating the greater ambition of the growth of the aviation industry of the Eastern Europe region.
The Pay-TV market is really taking off in North Africa and Eastern Europe, which is great for the overall market! Think of Pay-TV as subscribing to TV through a satellite, phone, or cable company. It's a service that brings TV shows to homes and businesses, offering things like movies, sports, and the latest news. As North African economies get stronger, more people are becoming middle class and are ready to pay for more diverse TV options. Plus, with subscription costs coming down, even more people are jumping on the Pay-TV bandwagon in these regions. Right now, the TV scene in North Africa and Eastern Europe is mostly free satellite channels, but that's changing!
North Africa has a huge population but has low pay-TV penetration. However, the pay-tv revenue is expected to grow as viewers crave more hit television series, premium films, and sports coverage. Sports, entertainment, channels, and news are the most popular genres on satellite television in these regions. The demand for live sports is always going to be high for sports fans. Therefore, satellite communication is crucial to support this growth.
Companies operating in space technology have raised several billion dollars in the past few years, with the promise of cheaper and faster connectivity. While most focus on bringing down the cost of accessibility, not much progress has been done on reducing the cost of infrastructure. So, it becomes difficult for some of the North African and Eastern European countries to develop and maintain the satellite communication (SATCOM) infrastructure, which could hinder the market growth over the forecast period.
Eastern Europe and North Africa Satellite Communication MarketSegmentation Analysis
The Eastern Europe and North Africa Satellite Communication Market is segmented on the basis of Component, Application, Industry Vertical, and Geography.
Eastern Europe Satellite Communication Market, By Component
• Services• Equipment
Based on Component, the Europe market is bifurcated into Services and Equipment. Services segment accounted for the largest market share in 2020 and is projected to grow at a CAGR of 7.26% over the forecast period.
Satellite communications gear? Think of it as the stuff that makes global phone calls and internet through space possible! You'll want to pay attention to details like mounting style, product type, and what kind of connector or interface it uses. Don't forget about impedance either – it's pretty important. How this equipment actually works can change quite a bit depending on things like output power, frequency, operating voltage, gain, operating temperature, return loss, and even operating humidity. You can often find products with cool extras like an integrated heatsink, a remote control, and even an embedded power supply. Now, there are tons of different kinds of this gear. Amplifiers, for instance, are used to boost signals back up. And then there are antennas, the things that either grab signals from space or beam them up there – you've got your transmitting and receiving antennas.
Satellite communication services can be categorized into one-way satellite communication link service and two-way satellite communication link service. In one-way satellite communication link services, the information can be transferred from one Earth station to one or more Earth stations through a satellite, so it gives both point-to-point connectivity and points to multipoint connectivity
Eastern Europe Communication Market, By Application
• Telecommunication• Broadcasting and Data Communication
On the basis of Application, the Eastern Europe Satellite Communication Market has been segmented into Telecommunication, Broadcasting and Data Communication. Broadcasting segment accounted for the largest market share in 2020 and is projected to grow at a CAGR of 7.57% during the forecast period. Telecommunication segment was the second-largest market in 2020.
Telecommunication services such as telephone calls and services are provided to telephone companies, as well as mobile, wireless, and cellular network providers or companies. Telecommunication, science, and practice of transmitting information by electromagnetic means, modern telecommunication focuses on the issues involved in transmitting large volumes of information across long distances without damaging loss due to interference and noise. The basic elements of a modern digital telecommunications system must be capable of transmitting data, voice, radio, and television signals.
Broadcasts can be audible only, as in visual or radio or a combination of both, such as television. Sound broadcasting in this sense can be said to have started around 1920, while television broadcasting started in the 1930s. With the emergence of cable television in the early 1950s and the usage of satellites for broadcasting began in the early 1960s, television reception has been improved and the number of programs receivable increased greatly. Rising usage of mobile devices propels the demand for broadcasting services, this further, helps to grow the satellite communication (SATCOM) market constantly throughout the estimated period.
Eastern Europe Satellite Communication Market, By Industry Vertical
• Media and Entertainment• Government• Aerospace and Defense• Maritime• Energy & Utility• Transportation and Logistics• Agriculture• Others
On the basis of Industry Vertical, the Eastern Europe Satellite Communication Market has been segmented into Media and Entertainment, Government, Aerospace and Defense, Maritime, Energy & Utility, Transportation and Logistics, Agriculture, and Others. Media & Entertainment segment accounted for the largest market share in 2020 and is projected to grow at a CAGR of 9.27% during the forecast period. Government segment was the second-largest market in 2020.
Satellite communications have several features which are ideally suited to the aeronautical mobile environment; satellite communications have the required bandwidth to remove communications systems which are constraints for the future NAS; broadband satellite communications can give revenue-generating passenger services which may pay for system installation and operation, providing simultaneous communications capacity for other aeronautical needs; and satellite communications can fill space-based communications links which has the best potential for directing the need of future aeronautical communications.
Key Players
The “Eastern Europe and North Africa Satellite Communication Market” study report will provide a valuable insight with an emphasis on the market including some of the major players such as Honeywell International Inc, Thales Group, Ses S.A., Telesat, Viasat Inc, L3 Harris Technologies, Yahsat, Hughes Network Systems. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players.
Key Developments
• In April 2021, Honeywell and Inmarsat, the world leader in global, mobile satellite communications, today announced an agreement to develop and deliver innovative commercial satellite communications (COMSATCOM) solutions to the U.S. government. The solutions will be focused on fixed-wing and non-fixed-wing aeronautical platforms operating worldwide, including in Arctic regions. The agreement extends the company’s best-in-class COMSATCOM services to U.S. Defense customers while continuing to advance solutions that meet mission-specific requirements.
• In June 2021, Thales launched a new line of satellite communications to ensure reliable connectivity worldwide on IRIDIUM CERTUS
Report Scope
REPORT ATTRIBUTES | DETAILS |
---|---|
STUDY PERIOD | 2017-2028 |
BASE YEAR | 2020 |
FORECAST PERIOD | 2021-2028 |
HISTORICAL PERIOD | 2017-2019 |
UNIT | Value (USD Million) |
KEY COMPANIES PROFILED | Honeywell International Inc, Thales Group, Ses S.A., Telesat, Viasat Inc, L3 Harris Technologies, Yahsat, Hughes Network Systems. |
SEGMENTS COVERED | Component, Application, Industry Vertical, and Geography. |
CUSTOMIZATION SCOPE | Free report customization (equivalent to up to 4 analysts’ working days) with purchase. Addition or alteration to country, regional & segment scope. |
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