Dublin, July 09, 2021 (GLOBE NEWSWIRE) -- The "Global Satellite Services Market: Analysis By Service Type (Fixed, Mobile, EO, Consumer Services), End Users, By Region, By Country (2021 Edition): Market Insights and Forecast with Impact of COVID-19 (2021-2026)" report has been added to ResearchAndMarkets.com's offering.
The Global Satellite Services Market was valued at USD 131.25 Billion in the year 2020.
The reasons attributing to the growth of the market are rapid digitalisation, increasing use of emerging consumer service industries in developing countries and rising demand for Satellite TV, Radio, Internet, Communication with high efficiency. Today, business drivers and political/social drivers, in combination with technological advancements, have greatly accelerated the expanded use of Satellite services beyond their traditional industries and traditional roles.
The Satellite Service Market is further expected to flourish with increasing government support for technical enhancement in Satellites across the globe. The growing acceptance of Satellite Services Market with services type (Consumer Services, Fixed Satellite, Mobile Satellite, Earth Observation) has substantially led to the increasing use of Satellite services Also, the growing demand for many end user industries can support satellite services market in helping consumers to attain more technological satisfaction with greater efficiency.
The extent of the impact of the COVID-19 pandemic on the business in fiscal year 2020 and beyond will depend on many factors, including the duration and scope of the public health emergency, the extent, duration and effectiveness of containment actions taken, the extent of its disruption to important global, regional and local supply chains and economic markets and the impact of the pandemic on overall supply and demand, consumer confidence, discretionary spending levels and levels of economic activity. NASA noted that economic and social shutdowns in response to the COVID-19 pandemic have led to noticeable changes in Earth's environment, at least for the short term.
The American regional market is expected to become the largest satellite services market in the forecast period. The major players operating in the American satellite services market include Global Eagle, Eutelsat, Lockheed Martin, EchoStar and many other companies. These players offer a diverse portfolio of satellite services to complete to the demands of consumers in the region. These companies are providing affordable, efficient, and with no delay satellite services for many people in rural and urban area. These players have also acquired and collaborated with other players in the region for portfolio expansion and geographic penetration.
As the world is continuously fighting the rapid spread of the COVID-19 pandemic, satellites are playing a very crucial role in helping to safeguard the people and in providing the services that people need as they are shifting towards remote working and home learning. Main areas of COVID-19 impact in the satellite industry have been interrupted supply chains and delayed deployments in some cases as well as a reduction of demand for Occasional Use services due to the postponement or cancellation of sports and other events.
The report tracks competitive developments, strategies, mergers and acquisitions and new product development.
The companies analysed in the report include SES, Intelsat, Lockheed Martin, EchoStar, Dish Network, Boeing, Eutelsat, Northrop Grumman, Iridium, ViaSat.
Key Topics Covered:
1 Report scope & Methodology
2 Strategic Recommendations
3 Satellite Services Market: Product Overview
4 Global Satellite Services Market: An Analysis
4 1 Market Size, By Value, Year 2016-2020
4 2 Market Size, By Value, Year 2021-2026
4 3 Impact of COVID-19 on Satellite Services Market
4 4 Global Economic & Industrial Outlook
5 Global Satellite Services Market Segmentation, By End Users
5 1 Global Satellite Services Market: Segment Analysis
5 2 Competitive Scenario of Satellite Services Market: By End Users (2020 & 2026)
5 3 By Media & Entertainment - Market Size and Forecast (2016-2026)
5 4 By Retail & Enterprise - Market Size and Forecast (2016-2026)
5 5 By Aerospace - Market Size and Forecast (2016-2026)
5 6 By Government - Market Size and Forecast (2016-2026)
5 7 By Aviation - Market Size and Forecast (2016-2026)
5 8 By Defense - Market Size and Forecast (2016-2026)
6 Global Satellite Services Market Segmentation, By Service Type
6 1 Global Satellite Services Market: Segment Analysis
6 2 Competitive Scenario of Global Satellite Services Market: By Service Type (2020 & 2026)
6 3 By Consumer Services - Market Size and Forecast (2016-2026)
6 4 By Fixed Satellite - Market Size and Forecast (2016-2026)
6 5 By Mobile satellite - Market Size and Forecast (2016-2026)
6 6 By Earth Observation - Market Size and Forecast (2016-2026)
7 Global Satellite Services Market: Regional Analysis
7 1 Competitive Scenario of Global Satellite Services Market: By Region (2020 & 2026)
8 Americas Satellite Services Market: An Analysis (2016-2026)
9 Europe Satellite Services Market: An Analysis (2016-2026)
10 Asia Pacific Satellite Services Market: An Analysis (2016-2026)
11 Middle East & Africa Satellite Services Market: An Analysis (2016-2026)
12 Global Satellite Services Market Dynamics
12 1 Global Satellite Services Market Drivers
12 2 Global Satellite Services Market Restraints
12 3 Global Satellite Services Market Trends
13 Market Attractiveness and Strategic Analysis
13 1 Market Attractiveness
13 1 1 Market Attractiveness of Global Satellite Services Market - By End Users (Year 2026)
13 1 2 Market Attractiveness of Global Satellite Services Market - By Services Type (Year 2026)
13 1 3 Market Attractiveness of Global Satellite Services Market - By Region (Year 2026)
14 Competitive Landscape
14 1 Market Share of global leading companies
14 2 SWOT Analysis Global Satellite Services Market
14 3 Porter Five Force Analysis Global Satellite Services Market
15 Company Profiles (Business Description, Financial Analysis, Business Strategy)
For more information about this report visit https://www.researchandmarkets.com/r/lvkx2o
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