Sky based Communication Market Growth Analysis Report, Forecast to 2031

Posted by BIS RSRCH on May 18th, 2021

Space and communication sector, in the past few years, has witnessed numerous developments and has been developing systems and solutions to cater to the increasing satellite communication. Currently, satellites are playing a vital role in the current digital era, and most industrial sectors are depending on satellite technology for several applications, from agriculture to banking to transportation. As the demand for satellite communication services increases, it is observed that several key players such as SpaceX and Amazon are focusing their efforts to establish satellite communication constellations. This is one of the major factors attributing to the growing global sky-based communication market. Satellite communication is paving the way for smooth integration focusing on specific use cases which can benefit due to their unique capabilities. Additionally, the emergence of private players has led to the development of a multitude of manufacturing and launching options, formerly only reserved for governments and a handful of large international corporations. Apart from this, the emergence of 5G satellite communication is witnessing an increase due to the increasing demand for higher bandwidth and low latency from a range of distinct end users such as consumer electronics, aviation, and transportation and logistics, where the current communication network technologies and bandwidths are facing the struggle to provide optimum performance.

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Space and communication sectors have witnessed numerous developments in the past years and have been catering to the rising market demand for satellite communication. Satellites play a crucial role in the current digital era, and most industries depend on satellite technology for various applications, from agriculture to banking to transportation. Several key players such as SpaceX and Amazon are focusing their efforts to establish satellite communication constellations which is one of the factors contributing to the growing global sky-based communication market.

Other than satellites, unmanned aerial vehicles (UAVs) and high-altitude platforms (HAPS) such as airships and balloons are being adopted for communication purposes. The drones are a popular option for applications such as inspections, surveillance, monitoring, and logistics, such as last-mile deliveries of parcels and medicines for remote or rural areas with less population density. Some of the stakeholders such as drone manufacturers (EHang, Terra Drones, and DJI, among others), cellular network providers (Verizon, AT&T Inc., and Vodafone Group, among others), and telecom equipment providers (Ericsson, Nokia, and Qualcomm, among others) are testing and developing their drones, mobile networks, and chipsets for cellular-connected drones, respectively.

The development of small, fast, and inexpensive systems in the space sector is enabling the companies that require space to reach their objectives and expand their services to gain a foothold in this area. Small satellite constellations such as nanosatellites require a new ecosystem suitable for its constellations, such as a new productive environment which includes stations, satellite control and monitoring software, specific subsystems, solar panels, batteries, and rockets.

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With several characteristics of the HAPS system, there are many potential benefits. HAPS can also be a mega constellation similar to satellite mega-constellation, wherein they enable high-capacity network access, computation offloading, and data analytics tools to millions of users/devices not only in suburban areas but also in dense urban areas.

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BIS RSRCH

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BIS RSRCH
Joined: March 5th, 2020
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