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.
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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