Space-Based Broadband Internet Market Growth Opportunities and Forecast 2021-2031

Posted November 30, 2021 by bisrsrch

Focus on Application, End User, Frequency, Component, Orbit, and Country - Analysis and Forecast, 2021-2031
The space-based broadband internet technology is gaining huge traction from governments and commercial consumers due to the increase in demand for round-the-clock connectivity solutions for various applications. Though the current telecommunications technology has developed several tools and systems to deliver state-of-the-art solutions, they often get the backlash against their lack of serviceability for remote locations and unstable connections due to harsh weather conditions. However, with the help of space-based broadband internet, the companies have focused on developing alternatives to provide sufficient and stable signals to ensure data services to hard-to-reach areas. The satellite internet allows connectivity without the need for any ground infrastructure to access the internet service.

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The global space-based broadband internet market is estimated to reach $52,330.8 million in 2031 from $8,010.9 million in 2021, at a growth rate of 20.64% during the forecast period.

The key players in the industry have been developing various solutions that can cater to future needs. With the recent development of satellite megaconstellations by companies such as OneWeb, Starlink, and Project Kuiper by Amazon, the space-based broadband internet market is going to have significant growth over the years. With the help of satellite constellations, the internet service providers can provide networks throughout the globe at speeds of several hundred megabits over large distances such as entire continents and oceans. It is now possible to connect numerous remote locations through a secure link.

There are numerous potential applications for the megaconstellation such as:

• communication services such as 5G for IoT devices in fleet management and remote asset maintenance
• government services for digitalizing the economies, providing emergency response, education, among others
• reliable connectivity for the transportation industry such as trains, ships, and airplanes
• direct services to the consumer market, including areas that have poor or no service

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Some of the key players in the global space-based broadband internet market include Airbus S.A.S, Amazon-Project Kuiper, BridgeComm, Inc., Eutelsat Communications SA, Gilat Satellite Networks, Hughes Network Systems, LLC, Intelsat, L3Harris Technologies, OneWeb, SES S.A., ST Engineering iDirect, Inc., Starlink, Swarm Technologies, Inc., Telesat, and Viasat, Inc. These companies are aiming for a wide range of product demonstrations and launches to expand their operations and increase their market presence globally.

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BIS Research, a premium market intelligence company, offers in-depth insights and consulting to Fortune 500 companies. We are established and known for tracking the growth of deep technologies across key industry verticals and the subsequent challenges and opportunities associated with deep tech across markets, applications, and products.

With more than 1,000 clients, over 10,000 plus primary interviews, and approximately 200 reports published in a year, BIS Research has often been sighted for its ability to track emerging tech trends early on. We provide market estimations, analysis on emerging high-growth applications, technology analysis, highly segmented granular country-level market data, and other important market parameters that come in handy for our clients during strategic decision-making.


Bhavya Banga
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Last Updated November 30, 2021