The Asia Pacific Satellite Internet Market would witness market growth of 22.4% CAGR during the forecast period (2022-2028).
An agreement to jointly develop an internet system in Chongqing, China, was signed in January 2022 by the Chongqing Satellite Network System Research Institute Co., Ltd. and the China Satellite Network Application Co., Ltd. This advances China's national goal of creating a network of LEO satellites for internet access.
The project strives to close communication gaps to provide services to rural populations. In the Asia-Pacific region, businesses from all over the world are introducing their satellite broadband services. For instance, KDDI Corporation would act as an authorized Starlink integrator for users in rural and isolated locations after SpaceX announced the start of an internet service in Japan in October 2022, making the nation the first in Asia to offer a satellite-based broadband service.
The business has been offering a Starlink technical demonstration in Japan since 2021. In isolated islands like Tohoku, Kanto, and Chubu that lack broadband connectivity, Starlink will provide internet service. Japan has over 16,000 mountains; thus, Starlink's leading satellite network is ideally suited to offer robust, long-term wireless internet connection to Japanese businesses.
As Elon Musk, the wealthiest man in the world, registers his company, Space Exploration Technologies Corp. (SpaceX), in the Philippines, it will be the first country in Southeast Asia to employ satellite technology to access the internet. SpaceX is anticipated to legally establish its operation here in the final three months of the Duterte presidency, according to DTI Secretary Ramon Lopez. With more than 1,600 satellites as of the middle of 2021, SpaceX's Low Earth Orbit (LEO) satellite network constellation, Starlink, will deliver internet services to the nation.
The China market dominated the Asia Pacific Satellite Internet Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $823.4 million by 2028. The Japan market is estimated to grow a CAGR of 21.7% during (2022 - 2028). Additionally, The India market would experience a CAGR of 23.3% during (2022 - 2028).
Based on Frequency Band, the market is segmented into K-band, X-band, C-band, and L-band. Based on Industry, the market is segmented into Government & Public Sector, Military, Media & Broadcasting, Maritime, Energy & Utility, Transport & Cargo, Corporates/Enterprises, and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Worldwide Satellite Internet Market is Projected to reach USD 10.5 Billion by 2028, at a CAGR of 21.9%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Singapore Telecommunications Limited (Temasek Holdings (Private) Limited), Hughes Network Systems, LLC (EchoStar Corporation), Viasat, Inc., OneWeb (Network Access Associates Ltd.), Bentley Walker Ltd. (Freedomsat), Thuraya Telecommunications Company PJSC (Al Yah Satellite Communications Company PJSC) (Mamoura Diversified Global Holding PJSC), Eutelsat S.A., Space Exploration Technologies Corp., AXESS Network Solutions S.L., and DSL Telecom.
By Frequency Band
By Industry
By Country
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