The Satellite Communication Market is expected to register a CAGR of 8.9% during the forecast period. The primary driving factors of the satellite communication market include oil and gas, energy, agriculture, and defence around the globe. Satellite communication is the use of satellites, to send signals in the form of modulated wave beams between transmitter and reception antennas. These signals are amplified and sent back to the ground via the receiving antenna.

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Any communication link that uses an artificial satellite in its propagation path is referred to as satellite communication. In today's world, satellite communications are critical,as they relay the signal around the curve of the Earth allowing communication between widely separated geographical points.. Over 2,000 artificial satellites are currently in use. They are utilised for traditional point-to-point communications, mobile applications, and the distribution of TV and radio programming, and can be found in geostationary, Molniya, elliptical, and low Earth orbits.

In nearly half a century, satellite communications technology have achieved amazing breakthrough efficiencies and improvements in performance. These innovations, on the other hand, have come in tandem with significant performance improvements in other IT and telecommunications systems.

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The impact on propagating signals ishighly changeable due to ionospheric fluctuation (Space Weather). The impacts of Space Weather on propagation can be minimised to some extent through engineering design solutions, but when broadcast signals cross the ionosphere, attenuation and/or extreme ionisation can result in a total loss of communication.

For Instance, in August 2021,TRAI, the telecom regulator of India has recommended that companies offering satellite-based IoT connectivity and low bit-rate services, be allowed to hire foreign satellite capacities for longer tenures, beyond the currently permissible 3-5 years spans, to make such services more affordable in India

Global Satellite Communications Market – Segmentation
By Application
Voice communication
Broadcasting
Data Communication
By Component
Equipment
Services
By End-Use Industry
Maritime
Aerospace and Defense
Industrial
Government
Transportation and Logistics
Media
Others

Global Satellite Communications Market – Segmentation by Region 
North America 
United States
Canada
Europe
Germany
United Kingdom
France
Spain
Italy
Rest of Europe
Asia-Pacific 
China
Japan
India
Rest of Asia-Pacific
Rest of the World

Company Profiles
SES S.A
Viasat Inc.
Intelsat
Telesat
EchoStar Corporatio
L3 Technologies Inc.
Thuraya Telecommunications Company
SKY Perfect JSAT Group
GILAT SATELLITE NETWORKS.

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