The Global Sky Based Communication Market size is projected to grow at a CAGR of around 28% during the forecast period, i.e., 2021-26. According to MarkNtel Advisors Study.

Global Sky Based Communication Market Driver:

Burgeoning Adoption of IoT in the Aviation Industry to Drive the Market: The governments of different countries are actively taking various initiatives & investing substantially in the research & development on integrating new technologies like the Internet of Things (IoT) & Artificial Intelligence (AI) in satellites. The aviation industry is witnessing an increasing utilization of IoT, which requires extensive & secure network connections for their operations. It, in turn, is boosting the demand for satellite communication to provide these systems with the needed communication channels. IoT devices, using satellite connectivity, transmit & exchange real-time data between IoT systems & components used in these domains, which helps optimize aviation operations. Hence, these aspects are projected to drive the Global Sky-Based Communication Market in the coming years. Some other aspects that shall boost the market include:

·        Massive investments in 5G deployment that require higher bandwidth, which, in turn, is leading to more number of satellites getting launched

·        Increasing need for maritime satellite communication

·        Mounting adoption of satellites for real-time data tracking

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Key Market Reports Highlights

·        Market Dimensions & Projections

·        Pricing Evaluation

·        Recent Strategic Moves by Companies

·        Primary Stakeholders

·        Import/Export Trend Analysis

·        Competitive Landscape Assessment

·        Emerging Opportunities

·        Market Trends and Indicators

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Global Sky Based Communication Market Segmentation:

The market report categorizes the market based on different segments and geographical analysis.

Study Timeline:

-Base Year: 2020

-Historical Period: 2016 to 2019

-Forecast Period: 2021 to 2026

• By Applications
• Telecommunication
• Broadband
• Navigation
• Remote Sensing
• Broadcasting
• Data communications
• Others
• By Platform
• Satellites
• By Frequency
• L & S Band (1-4 GHZ)
• C & X Band (5-12 GHZ)
• Ku & Ka Band (13-40 GHZ)
• UAVs
• High Altitude Platform Stations
• By Components
• Modems
• Gateways
• Antennas
• Transponders
• Receivers & Transmitters
• Others
• By End Users
• Maritime
• Aerospace & Defence
• Industrial
• Transportation & Logistics
• Media
• Government & Public Safety
• Agriculture
• Others
• By Region
• North America
• South America
• Asia-Pacific & Oceania
• Middle East & Africa
• Europe

Competitive Landscape

With strategic initiatives, such as mergers, collaborations, and acquisitions, the leading market companies, including SES S.A., Honeywell Corporation, Viasat, Inc., Intelsat, Telesat, EchoStar Corporation, L3 Technologies, Inc., Thuraya Telecommunications Company, SKY Perfect JSAT Group, GILAT SATELLITE NETWORKS, Cobham Limited, Thales Group, General Dynamics, Satcom Global, Newtec, Hughes Network Systems, Iridium, Harris, Avl Technologies, Aselsan. are looking forward to strengthening their market positions.

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