SINGAPORE, November 16, 2022 /PRNewswire/ — Deploying constellations of low Earth orbit (LEO) satellites for low latency, high throughput network applications and extending terrestrial network (TN) coverage have become key drivers in the adoption of satellite services in the global telecommunications sector. According to the global technology intelligence firm ABI searchthis adoption will culminate in 141 billion dollars value of annual revenues from satellite services by 2030.

“Satellite communications services have seen a new wave of excitement and convergence with terrestrial networks looking to extend beyond their coverage zones and bridge the digital divide,” he explains Andrea Cavaliere, Analyst of the Satellite Communications Industry at ABI Research. Market developments have demonstrated that satellite services such as IoT, backhaul, commercial broadband, and mobile satellite services (MSS) can meet carrier-grade performance requirements and enhance the telecommunications arsenal of any terrestrial CSP. With over 70 satellite service providers currently providing services worldwide, some of the most influential players in the growing satellite communications services space include OneWeb, SpaceX, Hughes Network Systems and Globalstar.

There is increased focus on deployments in LEO for key satellite services in mobile broadband, backhaul, IoT and MSS applications. For the consumer segment, competition for rural and remote market share will become a central battleground and one of the key factors influencing the growth of these services over the next decade. For the business segment, global supply chains are evolving in the aftermath of COVID-19 and conflict Europe and are eager to build more resilient and efficient networks. To reflect these developments, ABI Research projects that these essential satellite services, in aggregate, will reach over 53 million subscribers by 2030.

“The market is evolving rapidly and many services are finding better implementation through strategic alliances and increased bandwidth offering in LEO,” he comments Jake Saundersvice president of Asia Pacific, and Director of Research for the Satellite Communications Service of ABI Ricerca. Leaders are starting to offer different solutions focused on satellite-to-mobile connectivity in collaboration with telecom and smartphone manufacturers. Major partnerships include T-Mobile and SpaceX, Telstra and OneWeb, Vodafone and AST SpaceMobile, and Huawei and BeiDou.

“Although these services are still in their early stages, there is evidence that they will gain momentum as smartphone technology begins to peak, sales decline, and new revenue streams grow in demand. To this end, the market is revealing new development paths that will impact the marketplace and create partnerships and opportunities for businesses across the telecommunications value chain,” concludes Saunders.

These findings come from ABI Research’s SatCom Constellations: Deployments & Subscriptions market data report. This report is part of the company’s satellite communications research service, which includes research, data, and ABI insights. Market data spreadsheets are composed of highly segmented data insights, market share analysis, and service-specific forecasts to provide insight into where opportunities lie.

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