The satellite internet market is expected to surpass a market valuation of US$ 6 Billion and expand at a CAGR of more than 8% during the forecast period, 2021-2031.
Evaluating the internet scarcity further, in developed regions, around 13% of urban and 19% of rural households, whereas, in developing regions, almost 35% of urban and 71% of rural households don’t have access to internet services. Analyzing the data further, in least developed countries, 74% of urban and 88% of rural household lack internet connectivity. Similarly, in land-locked developing countries, 51% of urban and 84% of rural households face the unavailability of internet connection.
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Competitive landscape:
Companies from the United States, Canada, Russia, China, India, and Europe are running the next space race in the commercial field. Companies such as SpaceX, Telesat, LeoSat, OnWEeb, Kepler, SES (O3b), Space Norway, and many others are a few of the frontrunners. Recently, Amazon and Facebook have also announced their entry into this field.
· Starlink (SpaceX)
As per reports, in 2018 March, SpaceX received its FCC approval for the launch of a 4,425 satellite constellation with both, Ku- and Ka-band. Further, in November 2018, they received approval for more 7,518 satellites that use V-band.
The satellite internet entity of SpaceX is known as Starlink. The company has the advantage of in-house satellite & rocket building and launch service capabilities. They launch constellations using their own reusable Falcon 9 rockets. They launched 60 Starlink satellites in single go, and currently, around 1,420 satellites are up there in orbit. In future, the company is planning to establish a 30,000 satellite constellation.
Taking the leverage of Starlink’s pre orders, SpaceX stock valuation rose to US$ 74 Bn, which was 60% higher than in 2020 August. In June 2021, Elon Musk estimated that the company is likely to invest up to US$ 30 Bn to develop its Starlink satellite internet services. This is US$ 20 Bn more than the previously estimated cost.
They have collaborated with Microsoft in order to connect its network directly to Azure cloud and the available infrastructure of data centers to focus on enterprise and government clients. As per estimations, Starlink revenue is likely to surpass SpaceX launch revenue. Both companies are likely to have a combined revenue of over US$ 100 Bn in the next five years.
· OneWeb
OneWeb is a company with the second-highest number of satellites launched in space, with 254 in total, as of July 2021. OneWeb is joint venture between Airbus and OneWeb. The company was founded in 2012, and raised over US$ 3 Bn.
Their aim is to place 650 satellites in space LEO for providing high-speed internet connectivity across the globe, which will match terrestrial fiber-optic networks. Softbank was one of the prominent investors in this organization, backing their approach for the deployment of satellite internet. Yet, the company faced difficulty in raising capital and filed for bankruptcy in March 2020. But after finding two investors, they came out of bankruptcy.
In July 2020, the Government of the United Kingdom invested US$ 500 Mn and acquired 45% stake, and Bharti Global India has also committed to investment. Similarly, in January 2021, OneWeb announced additional capital infusion of around US$ 400 Mn from Softbank and Hughes Network Systems, totaling US$ 1.4 Bn since they started their restructuring.
· Telesat
Canadian Telesat started its operations in 1969, and they carry strategic experience in satellite communication. The company started planning for satellite internet in 2016 and announced that they will be launching around 120 satellites. Then later, in 2018, they launched their first LEO satellite and began testing in 2021.
Later they announced their new plan of launching LEO constellation named as Lightspeed, it will be constituting around 298 satellites. But the company has made it clear that they will launching the satellites by 2023 only. Amazon’s Blue Origin will be their launch vehicle. As per the company, total expected cost for the constellation is likely to be around US$5 Bn.
· Kuiper
Newcomer Amazon announced its project Kuiper in 2019. In the same year, the company announced that the total cost of the project will be approximately more than US$ 10 Bn. The project is supported by Blue Origin reusable rockets.
Key Segments :
- By Frequency Band :
- L-band
- C-band
- Ka-band
- Ku-band
- S-band
- X-band
- By Bandwidth (Tbps) :
- Less than 15 Tbps
- 15-20 Tbps
- Above 20 Tbps
- By Orbit (Km) :
- Less Than 600 km
- 600-1200 km
- Above 1200 km
- By End User :
- Transportation
- Ships
- Trains
- Aircraft
- Others
- Military
- Residential
- Enterprises
- Telecommunication Industry
- Others
- By Region :
- North America
- Latin America
- Europe
- East Asia
- South Asia and Oceania
- MEA
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Questionnaire answered in the Market outlook Report of Satellite Internet include:
- What is the key strategy deployed by large players to maximize Satellite Internet Market growth?
- What are the main challenges faced by players in the Satellite Internet market Demand?
- With the advent of technological advancement, how will the Satellite Internet market landscape change over the forecast period?
- What does player bring to the table which is unique as a strategy, and is easy to emulate for new investors in the Satellite Internet market size?
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