Global Satellite Ground Station Market Size Forecasted USD 191.65 Billion Cumulated Value From 2023 to 2032, at 13.3% CAGR: Polaris Market Research
NEW YORK, July 20, 2023 /PRNewswire/ -- A latest research report [115+] pages with 360-Degree visibility, titled "Satellite Ground Station Market Share, Size, Trends, Industry Analysis Report, By Platform (Fixed, Portable, Mobile); By Function; By Frequency; By Orbit; By End User; By Solution; By Region; Segment Forecast, 2023 - 2032" published by Polaris Market Research in its research repository.
"According to research report, the global satellite ground station market size/share was valued at USD 54.88 Billion in 2022 and is expected to touch USD 191.65 Billion By 2032, growing at a CAGR of 13.3% during the forecast period."
What is Satellite Ground Station? How Big is Satellite Ground Station Market Size?
Satellite ground stations (SGS) are mainly designed for collecting and streaming real-time communication with the orbiting satellite for various users and applications. The team at these earth stations or Hub stations sends radio signals to the satellite and gets data transmissions from the satellite. Centers like national weather centers such as the Bureau of Meteorology or research centers like CSIRO collects weather and other data through ground stations to provide customers and the public.
Satellite ground stations comprise components including a feed horn, receiver, reception antenna, and waveguide. These stations can also be secured using a 'radome,' the domain used to cover the antenna. Ground stations are crucial for various applications, including telecommunications, scientific research, remote sensing, weather forecasting, and military operations. Thus, the rising demand for satellite communications from these sectors is driving the satellite ground station market size growth.
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Prominent Growth Driving Factors
Recent Trends Influencing the Market
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By function, communication category dominated the market in 2022 owing to the rising demand for global communication and connectivity. This component is essential for addressing this demand by enabling long-distance voice, data, and video transmission. Satellite ground stations serve smooth global communication by acting as a mediator between satellites and ground-based networks.
Based on frequency satellite ground station market segmentation, the C-Band category is likely to witness major revenue share throughout the predicted period. C-Band frequencies provide huge coverage and high reliability for satellite communication. They establish a balance between atmospheric signal attenuation and the capacity to pass through obstructions like rain, foliage, and buildings. Due to this, C-Band is appropriate for long-distance communication and assures reliable performance in a variety of weather conditions.
In terms of orbit, the Geostationary Earth Orbit category is progressing in the coming years. GEO satellites enable high-capacity communication channels as they are operated at high altitudes and have large surfaces. They are suitable for applications that need vigorous and reliable connectivity, like broadband internet services and television broadcasting, enabling a significant bandwidth for data transmission.
By end-use, commercial is estimated to grow at a significant rate in the satellite ground station market as there is high demand for satellite ground services such as communication, broadcasting, remote sensing, navigation, and earth observation across the commercial sector. Commercial organizations extensively depend on satellite communication and data transmission, including telecommunications firms, media and entertainment corporations, internet service providers, and geospatial data firms.
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Satellite Ground Station Market: Report Scope
Based on geography, satellite ground station market in APAC is likely to capture a major growth during the forecast period due to the rising space exploration and satellite deployment activities. ISRO's LVM3 launch vehicle sent 36 satellites from the OneWeb Group C for a 450 km circular orbit with an inclination of 87.4 degrees in its 6th successful launch. This indicates execution of NSIL's contract to launch 72 OneWeb satellites into low Earth orbit. Through increased satellite deployment, market competition and opportunity, technological advancements, expansion of ground station infrastructure, and regional space programs this is boosting the market growth.
Moreover, North America is anticipated to show a major market share. This growth can be attributed to the rising collaborations and partnerships among international space agencies and companies. The potential for the region to generate income in the satellite ground station industry is further enhanced by international cooperation and partnerships. The Public Broadcasting Service (PBS) is now distributing educational, musical, and artistic programs over the whole continent of the United States because of Intelsat.
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The Key Questions Answered in This Report
Polaris Market Research has segmented the satellite ground station market report based on platform, function, frequency, orbit, end user, solution and region:
By Platform Outlook
By Function Outlook
By Frequency Outlook
By Orbit Outlook
By End User Outlook
By Solution Outlook
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Polaris Market Research is a global market research and consulting company. The company specializes in providing exceptional market intelligence and in-depth business research services for PMR's clientele spread across different enterprises. We at Polaris are obliged to serve PMR's diverse customer base present across the industries of healthcare, technology, semi-conductors and chemicals among various other industries present around the world. We strive to provide PMR's customers with updated information on innovative technologies, high growth markets, emerging business environments and latest business-centric applications, thereby helping them always to make informed decisions and leverage new opportunities. Adept with a highly competent, experienced and extremely qualified team of experts comprising SMEs, analysts and consultants, we at Polaris endeavor to deliver value-added business solutions to PMR's customers.
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SOURCE Polaris Market Research
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