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Increasing Investment by the Voice Communication Provider is Accelerating Market Growth

 The Global Sky Based Communications market is expected grow at high rate in the forecasted period. The market growth is attributed to increasing investment toward construct of communications infrastructure, increasing investment by the voice communication provider entwined with and escalating adoption of advanced technology such as artificial intelligence surging demand for continuous communication in telecommunication, aerospace, and automobile industries. Besides this, rising application of sky communication for broadcasting, escalating demand among transportation sector due to integration of intelligent transport systems (ITS) in order to enable seamless transmission of data between the vehicle and the transport hub and burgeoning demand for the next generation satellite communication.

Based on End-User, Transportation & Logistic acquired the significant market share in the Global Sky Based Communication on account of increasing demand for communication services in transportation sector. However, in Aerospace and Defense, the adoption is also surging due to escalating demand in military to propel connectivity for monitoring aircraft and increasing requirement for continuous and uninterrupted communication. Besides this, Maritime and Media segment is also propelling at a rapid rate. This is due to surging demand for tracking and communicate with vessels and extensive usage of satellites for broadcasting in order to provide seamless remote coverage in urban and rural ares.


North America dominated the Global Sky Based Communications market in 2020 on account of burgeoning passenger traffic in coastal tourism and rising investment towards communications infrastructure based on nano-satellite technology. However, US grabbed the highest market share in the North America market. The growth is attributed to strong presence of a large number of SATCOM providers and launch of military communications satellite along with adoption of M2M in satellite technology, and extensive spending on satellite broadband to connect rural areas
    
The key players with a considerable market share in the Global Sky Based Communications market are 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 etc.


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