Commercial satellite broadband is a type of broadband access used to connect a business or customer to the Internet via a satellite in Earth orbit. It is a relatively recent development in broadband technology, having only been available since the early 2000s.
Satellite broadband provides non-terrestrial based broadband access, over a much wider area than traditional terrestrial or wireless solutions. Unlike other wireless solutions, satellite broadband can reach rural or remote areas which don’t have an established DSL or other broadband connection.
The global overview of commercial satellite broadband is that its use and availability is growing. It is becoming increasingly important for businesses who want access to high-speed broadband and need to be able to access services and data in remote locations, or for customers in those same areas. Global companies like SpaceX are investing heavily in satellite broadband services to make it a more viable option for business use. The cost of satellite systems also makes it more attractive for customers in rural areas who may not have reliable access to terrestrial broadband services.
The global Commercial Satellite Broadband market was valued at US$ 4679.4 million in 2022 and is anticipated to reach US$ 8472.3 million by 2029, witnessing a CAGR of 10.4% during the forecast period 2023-2029. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
A detailed market research report on Global Commercial Satellite Broadband Market available at: https://www.themarketreports.com/report/global-commercial-satellite-broadband-market-research-report
This report aims to provide a comprehensive presentation of the global market for Commercial Satellite Broadband, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Commercial Satellite Broadband.
The major global companies of Commercial Satellite Broadband include Hughes (EchoStar), ViaSat, Inmarsat, ST Engineering iDirect, Newtec Cy N.V., Eutelsat, Iridium Communications, Thaicom Public, Bigblu Broadband, Gilat Satellite Networks etc. In 2021, the world’s top three vendors accounted for approximately % of the revenue.
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