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 on: 2024-08-07 | No of Pages : 320 | Industry : latest updates trending Report
Publisher : MIR | Format : PDF&Excel
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
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 rising growth of the Pay-TV sector in North Africa and Eastern Europe regions is boosting the growth of the market. Pay Tv is a subscription to a television service from a satellite, telephone, or cable company. It is a service that provides television programming to the residential and commercial sectors. Programs offered by pay TV are movies, sports, and news. As the economies of the North African countries grow, an emerging middle class of consumers is willing to pay for a wider range of television programming. Furthermore, a reduction in subscription cost is also boosting the growth of pay-TV across the regions. Currently, North Africa and Eastern Europe television markets are largely dominated by free-to-air satellite channels.
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 equipment is used for the conditioning, transmission, and reception of satellite signals in global telecommunications. Some of the specifications include mounting style, product type, and connector type or interface, impedance is also an essential parameter to consider. In terms of functioning, satellite communications equipment varies in terms of output power, frequency, operating voltage, gain, operating temperature, return loss, and operating humidity. Products with features such as an integrated heatsink, remote control, and an embedded power supply are generally available. There are different kinds of satellite communications equipment. Amplifiers are utilized to regenerate and amplify signals. Antennas are those structures that are used to collect or radiate electromagnetic waves and can be classified as transmitting antennas or 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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Reasons to Purchase this Report
• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors• Provision of market value (USD Billion) data for each segment and sub-segment• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players• The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions• Includes in-depth analysis of the market from various perspectives through Porter’s five forces analysis• Provides insight into the market through Value Chain• Market dynamics scenario, along with growth opportunities of the market in the years to come• 6-month post-sales analyst support
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