Space and communication sectors have witnessed numerous developments in the past years and have been catering to the rising market demand for satellite communication. Satellites play a crucial role in the current digital era, and most industries depend on satellite technology for various applications, from agriculture to banking to transportation. Several key players such as SpaceX and Amazon are focusing their efforts to establish satellite communication constellations which is one of the factors contributing to the growing global sky-based communication market.
The global sky-based communication market analysis by BIS Research projects the market to grow at a significant CAGR of 25.53% on the basis of value during the forecast period from 2021 to 2031.
Other than satellites, unmanned aerial vehicles (UAVs) and high-altitude platforms (HAPS) such as airships and balloons are being adopted for communication purposes. The drones are a popular option for applications such as inspections, surveillance, monitoring, and logistics, such as last-mile deliveries of parcels and medicines for remote or rural areas with less population density. Some of the stakeholders such as drone manufacturers (EHang, Terra Drones, and DJI, among others), cellular network providers (Verizon, AT&T Inc., and Vodafone Group, among others), and telecom equipment providers (Ericsson, Nokia, and Qualcomm, among others) are testing and developing their drones, mobile networks, and chipsets for cellular-connected drones, respectively.
The development of small, fast, and inexpensive systems in the space sector is enabling the companies that require space to reach their objectives and expand their services to gain a foothold in this area. Small satellite constellations such as nanosatellites require a new ecosystem suitable for its constellations, such as a new productive environment which includes stations, satellite control and monitoring software, specific subsystems, solar panels, batteries, and rockets.
Transportation and logistics is a prominent end user to utilize sky-based communication services for autonomous, connected cars, commercial vehicles, fleet management, supply chain management, and resource management. The deployment of sky-based communication services is expected to not only improve the driving experience but also make the vehicles smarter and safer.
Telecommunication Segment to Lead the Global Sky-Based Communication Market
Satellites have been majorly used for telecommunications; however, the emergence of high-altitude platforms has generated an interest in telecommunications engineers and operators. HAPS has the potential to be an alternative to satellites for telecommunication services. One of the examples of HAPS for telecommunications is the Stratobus, which is an airship by Thales Alenia Space. One of the objectives of this airship is to provide 5G telecommunications.
Satellites Segment to Lead the Global Sky-Based Communication Market
Sky-based communication entails providing communication services through several platforms, including satellites, UAVs, and high-altitude platforms (HAPS). Over the past few years, the low earth orbit (LEO) has been witnessing a shift in the trend from the usage of satellites for one-time stints toward their regular usage in satellite constellations. There is an extensive demand for LEO-based satellite constellations in the market owing to the increasing need for faster, reliable, and efficient real-time tracking and monitoring, real-time Earth observation (EO), navigation, communication, and technology demonstration.
North America to Lead the Global Sky-Based Communication Market
Presence of major industry players like Honeywell and General Dynamics within the region and increasing investments by government and military players to modernize their existing systems to caster market opportunities. The growing space and military programs due to a spike in demand for exploring as well as commercialization of sky-based communication systems in the U.S. are going to raise the demand in the market. Government agencies such as NASA and U.S. Airforce are announcing IDIQ upgrade, modification, and servicing are supporting market opportunities. Few players engaged in exploring other platforms such as drones and HAPS to open new business avenues over time.
Competitive Landscape
The competitive landscape of the global sky-based communication market consists of different strategies undertaken by major players across the industry to gain market presence. Some of the strategies adopted by sky-based communication providers are contracts, agreements, new product launches, business expansions, and partnerships, and collaborations. Some of the strategies covered in this segment are product development and innovation, partnerships and collaborations, business expansions, and investments. The preferred strategy for the companies has been contracts and partnerships to strengthen their position in the global sky-based communication market.
Most of the sky-based communication providers have numerous tie-ups with various national space agencies and commercial players in the ecosystem. Innovation and development have been the key factors for large-scale growth in this market. To increase their overall global footprint, the sky-based communication providers are expanding their businesses and are also entering strategic partnerships to increase their customer base.
Space and communication sectors have witnessed numerous developments in the past years and have been catering to the rising market demand for satellite communication.
Satellites play a crucial role in the current digital era, and most industries depend on satellite technology for various applications, from agriculture to banking to transportation.
Several key players such as SpaceX and Amazon are focusing their efforts to establish satellite communication constellations which is one of the factors contributing to the growing global sky-based communication market.Read Report Overview at: https://bisresearch.com/industry-report/sky-based-communication-market.htmlApart from satellites, UAVs and high-altitude platform stations (HAPS) such as airships and balloons are also being adopted for communication purposes.
UAVs are majorly employed for applications such as inspections, surveillance, monitoring, and logistics, such as last-mile deliveries of parcels and medicines for remote or rural areas with less population density.
Some of the drone manufacturers, cellular network providers, among others, and telecom equipment providers such as EHang, Terra Drones, DJI, Verizon, AT Inc., Vodafone Group, Ericsson, Nokia, and Qualcomm, among others are testing and developing their drones, mobile networks, and chipsets for cellular-connected drones, respectively.
Some of these factors include the increasing number of satellite launches for communication, adoption of new technologies like IoT and AI in satellite communication, and competitive advantage of HAPS over conventional satellite and terrestrial-based systems.Transportation and logistics is a prominent end user to utilize sky-based communication services for autonomous, connected cars, commercial vehicles, fleet management, supply chain management, and resource management.
Cloud Based Communication Platform MarketThe sudden challenges created by the ongoing COVID-19 are captured effectively to exhibit the long term growth projections in the MRFR report on Cloud Based Communication Platform Market.
The growth sectors of the Cloud Based Communication Platform Market are identified with precision for a better growth perspective.The cloud communication platform market is cementing its foothold as the percolation of the information technology services is getting widespread.
Cloud communication enables telephone switching and manages various associated applications.
A new setup is not required, and the platform is quite adaptable to handle emerging communication technologies.
Market Research Future (MRFR) in their published report includes segmental analysis and driving factors that can potentially speed up market growth.
If breached, then it can reveal personal details of users which can put a leash on the cloud communication platform market.Segmental Analysis:The global cloud communication platform market can be segmented by solution, service and vertical.Based on the solution, the cloud communication platform market can be segmented into unified communication and collaboration (UCC), application programming interface (API), interactive voice response (IVR), web real-time communication (Web RTC), voice over internet protocol, and reporting Service-wise, the cloud communication platform market can be segmented into training & consulting support & maintenance, and managed services.Vertical-based segmentation of the cloud communication platform market includes IT & telecommunications, banking, financial services and insurance (BFSI), media & entertainment, healthcare, transportation, education, and others.Regional Analysis:Region-specific analysis of the cloud communication platform market leads to Asia Pacific (APAC), North America, Europe and Rest-of-the-World (RoW).North America is the leading force of the global market and is about to retain its position during the forecast period.
