The global fixed satellite services (FSS) market reached a value of US$ 21.7 Billion in 2020 according to a report by Reseach and Markets. The report expects the global fixed satellite services (FSS) market to exhibit a moderate growth during 2021-2026.
Fixed satellite services, also known as FSS, are radiocommunication services used between different earth stations. These satellite services use the VSAT technology for sending and receiving telephone calls and television signals for broadcasting. They offer low power output and have large dish-style antennas for better service reception. As FSS systems provide services to numerous users simultaneously, they are placed strategically for covering a vast area to allow users to communicate while traveling, without losing signals. As a result, governments, military organizations, as well as small and large business firms across the globe, use these systems.
Market Drivers:
- On account of inflating income levels and rising sales of smartphones, high-speed internet has become one of the necessities for communication. As a result, the demand for broadband has increased significantly in recent years which, in turn, is impelling the growth of the global fixed satellite services market.
- Owing to a rise in the adoption of HDTV channels and emerging DTH TV platforms, there has been an escalation in the overall demand for fixed satellite services across the globe.
- Increasing expenditure on military satellite communication; telecom backhaul, content and broadcast delivery; and enterprise and broadband connectivity is anticipated to drive the demand for fixed satellite services during the forecast period.
There has been a rise in the demand for high-throughput connectivity and corporate enterprise networks in the oil and gas industry. This has provided several growth opportunities to the major players operating in the global FSS market.
For more information go to: https://www.researchandmarkets.com/reports/5263962/fixed-satellite-services-fss-market-global
