Satellite Communications Services Market to Reach US$141 Billion by 2030
"Satellite communications services have seen a new wave of enthusiasm and convergence with terrestrial networks looking to extend past their zones of coverage and bridge the digital divide," explains Andrew Cavalier, Satellite Communications Industry Analyst at ABI Research.
- "Satellite communications services have seen a new wave of enthusiasm and convergence with terrestrial networks looking to extend past their zones of coverage and bridge the digital divide," explains Andrew Cavalier, Satellite Communications Industry Analyst at ABI Research.
- Market developments have shown that satellite services like IoT, backhaul, commercial broadband, and Mobile Satellite Services (MSS) can meet carrier-grade performance requirements and enhance the telecom arsenal of any terrestrial CSP.
- With over 70 satellite service providers currently providing services worldwide, some of the most influential players in the growing satellite communications services space include OneWeb , SpaceX , Hughes Network Systems , and Globalstar .
- To reflect these developments, ABI Research anticipates that these essential satellite services, in aggregate, will reach over 53 million subscribers by 2030.