The Europe Satellite Internet Market would witness market growth of 21.7% CAGR during the forecast period (2022-2028).
Several sectors have adopted satellite internet technology more frequently since the outbreak. For instance, AT&T developed several programs during the pandemic to give its video users free extra programming. In addition, as telemedicine provides fast access to broadband services, particularly in rural areas where telecommunications are insufficient or nonexistent, as well as a speedy response in crises, satellite-based telehealth services were widely employed throughout the epidemic.
For instance, the satellite communications company SES SA connected hospitals in Italy using its vast network of satellites. Additionally, Viasat created many optimizations and web acceleration technologies during the pandemic to reduce broadband traffic by giving critical health apps access priority over non-essential network congestion.
The expansion of the use of satellite services by police, fire, and other agencies in numerous emerging countries, as well as improvements in global communication technology, are the main drivers influencing the growth of the worldwide satellite internet market trends. Additionally, the expansion of government initiatives to adopt satellite broadband communications services has a favorable effect on the market for satellite internet.
One of the main goals of the UK Government's National Space Strategy is to launch satellites into orbit from the country's soil this year, enabling the UK to become the first European nation to do so. In addition, 150 new employment will be created in the region due to Space Center Cornwall, the center of a developing aerospace and space sector. The government is providing voucher assistance worth a total of £210 million as a temporary fix for customers experiencing slow internet connections in rural areas.
The Russia market dominated the Europe Satellite Internet Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $728.9 million by 2028. The UK market is experiencing a CAGR of 20.6% during (2022 - 2028). Additionally, The Germany market would exhibit a CAGR of 21.3% 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 Russia, UK, Germany, France, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Global Satellite Internet Market will Hit $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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