The North America Satellite Internet Market would witness market growth of 21.3% CAGR during the forecast period (2022-2028).
The demand for satellite internet is anticipated to be driven by rising internet use, especially in wealthy economies. In 2019, 56.7% of the world's population had internet access, according to World Bank figures. As a result, it is anticipated that rising internet usage will propel industry expansion.
Additionally, over the past 20 years, the growth of the satellite internet market has been significantly accelerated by several technological advancements like 5G, the Internet of Things (IoT), blockchain, cloud services, and Artificial Intelligence (AI), among many others. More than 4.5 billion people were actively using the internet as of April 2021.
Additionally, market expansion, productivity gains, R&D spending, and other global economic movements have all been significantly influenced by the ICT industry's evolution. The provisioning of goods and services by the ICT sector also aids in economic development.
The Government of Canada and Telesat worked together to build Telesat's LEO Satellite Constellation to offer low-cost, high-speed Internet connectivity in Canada's remote and rural towns. With an investment from the Canadian government of up to $600 million (CAD), the collaboration is expected to generate $1.2 billion (CAD) in revenue for Telesat over ten years. This will assist the business in establishing a cutting-edge communications architecture that provides high-speed broadband services that are simultaneously accessible and affordable across Canada and the rest of the world.
The US market dominated the North America Satellite Internet Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $2,882.7 million by 2028. The Canada market is poised to grow at a CAGR of 24.1% during (2022 - 2028). Additionally, The Mexico market would witness a CAGR of 23% 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 U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Global Satellite Internet Market is Predict to reach $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.
Scope of the Study
Market Segments Covered in the Report:
By Frequency Band
By Industry
- Government & Public Sector
- Military
- Media & Broadcasting
- Maritime
- Energy & Utility
- Transport & Cargo
- Corporates/Enterprises
- Others
By Country
- US
- Canada
- Mexico
- Rest of North America
Key Market Players
List of Companies Profiled in the Report:
- 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.
- DSL Telecom
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 North America Satellite Internet Market, by Frequency Band
1.4.2 North America Satellite Internet Market, by Industry
1.4.3 North America Satellite Internet Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market Composition and Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Strategies Deployed in Satellite Internet Market
Chapter 4. North America Satellite Internet Market by Frequency Band
4.1 North America K-band Market by Country
4.2 North America X-band Market by Country
4.3 North America C-band Market by Country
4.4 North America L-band Market by Country
Chapter 5. North America Satellite Internet Market by Industry
5.1 North America Government & Public Sector Market by Country
5.2 North America Military Market by Country
5.3 North America Media & Broadcasting Market by Country
5.4 North America Maritime Market by Country
5.5 North America Energy & Utility Market by Country
5.6 North America Transport & Cargo Market by Country
5.7 North America Corporates/Enterprises Market by Country
5.8 North America Others Market by Country
Chapter 6. North America Satellite Internet Market by Country
6.1 US Satellite Internet Market
6.1.1 US Satellite Internet Market by Frequency Band
6.1.2 US Satellite Internet Market by Industry
6.2 Canada Satellite Internet Market
6.2.1 Canada Satellite Internet Market by Frequency Band
6.2.2 Canada Satellite Internet Market by Industry
6.3 Mexico Satellite Internet Market
6.3.1 Mexico Satellite Internet Market by Frequency Band
6.3.2 Mexico Satellite Internet Market by Industry
6.4 Rest of North America Satellite Internet Market
6.4.1 Rest of North America Satellite Internet Market by Frequency Band
6.4.2 Rest of North America Satellite Internet Market by Industry
Chapter 7. Company Profiles
7.1 Singapore Telecommunications Limited (Temasek Holdings (Private) Limited)
7.1.1 Company Overview
7.1.2 Financial Analysis
7.1.3 Segmental and Regional Analysis
7.1.4 Recent strategies and developments:
7.1.4.1 Product Launches and Product Expansions:
7.2 Hughes Network Systems, LLC (EchoStar Corporation)
7.2.1 Company Overview
7.2.2 Financial Analysis
7.2.3 Segmental and Regional Analysis
7.2.4 Research & Development Expenses
7.3 Viasat, Inc.
7.3.1 Company Overview
7.3.2 Financial Analysis
7.3.3 Segmental and Regional Analysis
7.3.4 Research & Development Expenses
7.3.5 Recent strategies and developments:
7.3.5.1 Partnerships, Collaborations, and Agreements:
7.3.5.2 Acquisition and Mergers:
7.4 Thuraya Telecommunications Company PJSC (Al Yah Satellite Communications Company PJSC) (Mamoura Diversified Global Holding PJSC)
7.4.1 Company Overview
7.4.2 Financial Analysis
7.4.3 Segmental and Regional Analysis
7.4.4 Recent strategies and developments:
7.4.4.1 Partnerships, Collaborations, and Agreements:
7.4.4.2 Product Launches and Product Expansions:
7.5 OneWeb (Network Access Associates Ltd.)
7.5.1 Company Overview
7.5.2 Recent strategies and developments:
7.5.2.1 Partnerships, Collaborations, and Agreements:
7.6 Bentley Walker Ltd. (Freedomsat)
7.6.1 Company Overview
7.7 Eutelsat S.A.
7.7.1 Company Overview
7.7.2 Financial Analysis
7.7.3 Regional Analysis
7.7.4 Recent strategies and developments:
7.7.4.1 Partnerships, Collaborations, and Agreements:
7.8 Space Exploration Technologies Corp.
7.8.1 Company Overview
7.8.2 Recent strategies and developments:
7.8.2.1 Partnerships, Collaborations, and Agreements:
7.8.2.2 Acquisition and Mergers:
7.9 AXESS Network Solutions S.L.
7.9.1 Company Overview
7.10. DSL Telecom
7.10.1 Company Overview
TABLE 1 North America Satellite Internet Market, 2018 - 2021, USD Million
TABLE 2 North America Satellite Internet Market, 2022 - 2028, USD Million
TABLE 3 North America Satellite Internet Market by Frequency Band, 2018 - 2021, USD Million
TABLE 4 North America Satellite Internet Market by Frequency Band, 2022 - 2028, USD Million
TABLE 5 North America K-band Market by Country, 2018 - 2021, USD Million
TABLE 6 North America K-band Market by Country, 2022 - 2028, USD Million
TABLE 7 North America X-band Market by Country, 2018 - 2021, USD Million
TABLE 8 North America X-band Market by Country, 2022 - 2028, USD Million
TABLE 9 North America C-band Market by Country, 2018 - 2021, USD Million
TABLE 10 North America C-band Market by Country, 2022 - 2028, USD Million
TABLE 11 North America L-band Market by Country, 2018 - 2021, USD Million
TABLE 12 North America L-band Market by Country, 2022 - 2028, USD Million
TABLE 13 North America Satellite Internet Market by Industry, 2018 - 2021, USD Million
TABLE 14 North America Satellite Internet Market by Industry, 2022 - 2028, USD Million
TABLE 15 North America Government & Public Sector Market by Country, 2018 - 2021, USD Million
TABLE 16 North America Government & Public Sector Market by Country, 2022 - 2028, USD Million
TABLE 17 North America Military Market by Country, 2018 - 2021, USD Million
TABLE 18 North America Military Market by Country, 2022 - 2028, USD Million
TABLE 19 North America Media & Broadcasting Market by Country, 2018 - 2021, USD Million
TABLE 20 North America Media & Broadcasting Market by Country, 2022 - 2028, USD Million
TABLE 21 North America Maritime Market by Country, 2018 - 2021, USD Million
TABLE 22 North America Maritime Market by Country, 2022 - 2028, USD Million
TABLE 23 North America Energy & Utility Market by Country, 2018 - 2021, USD Million
TABLE 24 North America Energy & Utility Market by Country, 2022 - 2028, USD Million
TABLE 25 North America Transport & Cargo Market by Country, 2018 - 2021, USD Million
TABLE 26 North America Transport & Cargo Market by Country, 2022 - 2028, USD Million
TABLE 27 North America Corporates/Enterprises Market by Country, 2018 - 2021, USD Million
TABLE 28 North America Corporates/Enterprises Market by Country, 2022 - 2028, USD Million
TABLE 29 North America Others Market by Country, 2018 - 2021, USD Million
TABLE 30 North America Others Market by Country, 2022 - 2028, USD Million
TABLE 31 North America Satellite Internet Market by Country, 2018 - 2021, USD Million
TABLE 32 North America Satellite Internet Market by Country, 2022 - 2028, USD Million
TABLE 33 US Satellite Internet Market, 2018 - 2021, USD Million
TABLE 34 US Satellite Internet Market, 2022 - 2028, USD Million
TABLE 35 US Satellite Internet Market by Frequency Band, 2018 - 2021, USD Million
TABLE 36 US Satellite Internet Market by Frequency Band, 2022 - 2028, USD Million
TABLE 37 US Satellite Internet Market by Industry, 2018 - 2021, USD Million
TABLE 38 US Satellite Internet Market by Industry, 2022 - 2028, USD Million
TABLE 39 Canada Satellite Internet Market, 2018 - 2021, USD Million
TABLE 40 Canada Satellite Internet Market, 2022 - 2028, USD Million
TABLE 41 Canada Satellite Internet Market by Frequency Band, 2018 - 2021, USD Million
TABLE 42 Canada Satellite Internet Market by Frequency Band, 2022 - 2028, USD Million
TABLE 43 Canada Satellite Internet Market by Industry, 2018 - 2021, USD Million
TABLE 44 Canada Satellite Internet Market by Industry, 2022 - 2028, USD Million
TABLE 45 Mexico Satellite Internet Market, 2018 - 2021, USD Million
TABLE 46 Mexico Satellite Internet Market, 2022 - 2028, USD Million
TABLE 47 Mexico Satellite Internet Market by Frequency Band, 2018 - 2021, USD Million
TABLE 48 Mexico Satellite Internet Market by Frequency Band, 2022 - 2028, USD Million
TABLE 49 Mexico Satellite Internet Market by Industry, 2018 - 2021, USD Million
TABLE 50 Mexico Satellite Internet Market by Industry, 2022 - 2028, USD Million
TABLE 51 Rest of North America Satellite Internet Market, 2018 - 2021, USD Million
TABLE 52 Rest of North America Satellite Internet Market, 2022 - 2028, USD Million
TABLE 53 Rest of North America Satellite Internet Market by Frequency Band, 2018 - 2021, USD Million
TABLE 54 Rest of North America Satellite Internet Market by Frequency Band, 2022 - 2028, USD Million
TABLE 55 Rest of North America Satellite Internet Market by Industry, 2018 - 2021, USD Million
TABLE 56 Rest of North America Satellite Internet Market by Industry, 2022 - 2028, USD Million
TABLE 57 Key Information – Singapore Telecommunications Limited
TABLE 58 Key Information – Hughes Network Systems, LLC
TABLE 59 Key Information – Viasat, Inc.
TABLE 60 Key Information – Thuraya Telecommunications Company PJSC
TABLE 61 Key Information – OneWeb
TABLE 62 Key Information – Bentley Walker Ltd.
TABLE 63 Key Information – Eutelsat S.A.
TABLE 64 Key Information – Space Exploration Technologies Corp.
TABLE 65 Key Information – AXESS Network Solutions S.L.
TABLE 66 Key Information – DSL Telecom
List of Figures
FIG 1 Methodology for the research
FIG 2 Recent strategies and developments: Thuraya Telecommunications Company PJSC