Satellite Internet Market to be Worth $19.71 Billion by 2030: Grand View Research, Inc.

Read 150-page full market research report for more latest insights, "Satellite Internet Market Size, Share & Trends Analysis Report By Frequency Band (L-band, C-band, K-band, and X-band), By Industry, By Region (North America, Europe, Asia Pacific, Latin America, MEA), And Segment Forecasts, 2022 - 2030", published by Grand View Research.

Satellite Internet Market Growth & Trends

Satellite internet is accessed through high-speed network connectivity supplied by Earth-circling satellites. It is faster than a regular internet connection and distinguishes itself from land-based internet services such as digital subscriber line (DSL) and cable. Satellite communication provides a land-based interface for accessing audio, video, and information from anywhere on Earth.

One of the significant advantages of satellite internet for businesses is the ability to transmit a link at many megabits per second over a remote location. However, a private and secure connection can join many remote locations spread over a wide area. In rural areas, demand for satellite internet is rising due to the lack of other broadband internet choices. Additionally, satellite internet can provide access to the web in remote areas where it is challenging to get broadband, such as deserts and mountains, which increases the demand for satellite internet in these areas. Furthermore, internet users can now get better speed and bandwidth owing to advancements in satellite internet technology. As a result, these services are quickly adopted in emerging economies such as India, Brazil, the Philippines, Malaysia, and more fueling the market's expansion.

The rise in government programs for the uptake of advanced satellite internet services to develop a digitized economy and to provide enhanced public safety & security drives the market's growth. Furthermore, several governments are significantly funding satellite internet companies to provide broadband services to rural populations across emerging countries, boosting market growth. For instance, In October 2022 U.K. government invested USD 14.62 million in U.K. businesses to enhance satellite communications technology. Advanced Research in Telecommunications Services (ARTES) and European Space Agency (ESA) fund this investment. This investment is focused on developing new satellite configurations and terrestrial infrastructure or providing internet services to customers.

Satellite Internet Market Segmentation

Grand View Research has segmented the global satellite internet market based on frequency band, industry, and region:

Satellite Internet Market - Frequency Band Outlook (Revenue, USD Million, 2017 - 2030)

Satellite Internet Market - Industry Outlook (Revenue, USD Million, 2017 - 2030)

Satellite Internet Market - Regional Outlook (Revenue, USD Million, 2017 - 2030)

List of Key Players in Satellite Internet Market

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About Grand View Research

Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research Helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.

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