United Kingdom Satellite Communications Market Size (2024 - 2029)

United Kingdom Satellite Communications Market Analysis

The UK Satellite Communication market is valued at USD 2.24 Billion in the current year and is expected to grow at a CAGR of 14.22% during the forecast period to USD 4.9 Billion by the next five years.

• Satellite communication has gained significant traction due to its excessive use in the defense and military sectors for transmitting information and establishing communication between military personnel. Further, it also helps with satellite-asset tracking and remote sensing. For instance, life safety at sea has been gaining importance in the defense sector. The governments of various countries are investing in communication technology, such as navigation systems and vessel tracking. The governments of countries like China, the United States, the United Kingdom, and Indonesia play a vital role in promoting maritime security, as the maritime industry adds to the region's economic growth.
• Compared to other uses, satellite communication for military service demands more security. Military satellite communications providers have been driven to improve their solutions to meet the escalating needs of the military and defense industry in the upcoming years. These demands include increased bandwidth frequency, global broadcast service, and personal communication service.
• According to the Satellite Business Association, the commercial satellite business has been crucial in combating the COVID-19 pandemic. Due to its numerous uses in providing voice, data, and broadcast communications solutions, as well as navigation, earth observation, remote sensing, and other specialized services essential for businesses, government clients, and consumers domestically and globally, the demand for satellite communication has increased. International space agencies, like NASA, have used communication satellites to highlight the global effects brought on by COVID-19.
• Cybersecurity has become a major concern for satellite communication as the entire process of launching a satellite to transmit data is highly sensitive. Further, the challenge lies in the negative impact that such cybersecurity threats can potentially make, as the vulnerabilities are mission-critical. The mission-critical vulnerabilities that are exposed to cybersecurity threats include the launch systems, communications, telemetry, tracking and command, and mission completion. The over-dependency of satellite communication on secure cyber capabilities across the satellite's lifespan makes it a serious concern, thereby hindering its adoption.
• Since launching a satellite to send data is so sensitive, cybersecurity has become a fundamental problem for satellite communication. The difficulty stems from the potential harm such cybersecurity risks could do because the flaws are crucial to the operation. Launch systems, communications, telemetry, tracking and command, and mission completion are mission-critical weaknesses vulnerable to cybersecurity threats. Its implementation needs to be improved by the excessive reliance on satellite communication for safe cyber capabilities during the satellite's lifetime.

United Kingdom Satellite Communications Industry Segmentation

The Satellite Communication (SATCOM) market is defined based on the revenues generated from the types that are being used in various end-use industries such as Maritime, Defense & Government, Enterprises, and Media & Entertainment, among other end-users. The analysis is based on the market insights captured through secondary research and the primaries. The market also covers the major factors impacting the growth of the market in terms of drivers and restraints.

The scope of the study has been segmented based on the type of satellite communication equipment and services ( ground equipment (a gateway, very small aperture terminal (VSAT) equipment, network operation center (NOC), and satellite newsgathering (SNG) equipment) and Services (mobile satellite services (MSS), fixed satellite services, and earth observation services) and end-use industries (Maritime, Defense & Government, Enterprises, Media & Entertainment, and other end-users). Common satellite communication services include voice calling and internet access for different applications. The study tracks the key market parameters, underlying growth influencers, and major vendors operating in the industry, which supports the market estimations and growth rates over the forecast period. The study also tracks the revenue accrued through the sale of grown equipment and communication services that are being used in various end-user industries across geography. In addition, the study provides the SATCOM market trends, along with key vendor profiles. The study further analyses the overall impact of COVID-19 on the ecosystem.