United Kingdom Satellite Communications Market Report and Forecast 2024-2032

United Kingdom Satellite Communications Market Outlook

The United Kingdom satellite communications market size was valued at USD 2.24 billion in 2023. The market is further projected to grow at a CAGR of 14.30% between 2024 and 2032, reaching a value of USD 7.46 billion by 2032.

Key Takeaways

•    In January 2023, the UK Space Agency allocated EUR 50 million for innovative projects in the satellite communications industry. This investment aims to enhance connectivity and boost economic growth.

•    The UK’s satellite communications sector already contributes EUR 10.4 billion to the economy and supports over 26,600 jobs.

•    Notable vendors in the Satcom on the Move (SOTM) field include Inmarsat, L3Harris Technologies, Inc., and ViaSat, Inc.

The  United Kingdom satellite communications market is growing due to increasing demand for global connectivity for seamless communication. Satellite communications play a vital role in providing reliable and extensive coverage for various end users, including businesses and government agencies. Additionally, the need for broadband access in remote and underdeveloped areas increases the demand for satellite communications in UK. Satellite communications bridge the digital divide by providing high-speed internet access, such as 5G in regions where infrastructure is limited. In July 2020, the UK Space Agency partnered with OneWeb Holdings Ltd to provide satellite broadband services to remote areas of the UK.

Advancemen ts in satellite technologies, such as electronically steerable antennas are influencing the United Kingdom satellite communications market development. Tech advancements contribute to improved signal reception, flexibility, and adaptability in satellite communications.  As the use of advanced satellite communications is integral for national security, military operations, and disaster response, UK government, since October 2023, is planning to invest EUR 160 million for the development of next-generation satellite communications technology. These investments contribute to market growth.

Various commercial verticals , including telecommunications, maritime, aviation, and energy, contribute to the increased United Kingdom satellite communications market share. In the maritime sector of the UK, satellite communication is used for various purposes, including real-time data communication and ship monitoring. It facilitates faster data transmission and enables stable communication between ships at sea and shore stations. Meanwhile, in the aviation sector, satellite communication is essential for navigation purposes. In 2021, the UK Space Agency and Inmarsat partnered to develop a new satellite navigation and timing signal for the aviation and maritime sectors.

Market Segmentation

United Kingdom Satellite Communications Market Report and Forecast 2024-2032 offers a detailed analysis of the market based on the following segments:

In solutions, products are sub-divided into Antennas, transceivers, power amplifiers, converters, gyro stabilisers, modems and routers, radios, and radomes, among others, while services are divided into engineering and integration, installation, logistics and maintenance.

Commercial sector is divided into telecommunications and cellular backhaul, media and entertainment, businesses and enterprises, transportation and logistics, scientific research and development, aviation, marine, retail and consumers, among others. Government and defence sector is bifurcated into military, and homeland security and emergency management.

Competitive Landscape

Market players are adopting strategies such as partnerships, innovations, mergers, and acquisitions to enhance their product offerings and gain a competitive advantage in the market.

• OneWeb Holdings Ltd.
• L3Harris Technologies, Inc.
• Surrey Satellite Technology Limited
• Telesat Corporation,
• CGI Inc.
• Telespazio S.p.A.
• Peak Communications Ltd.
• Inmarsat Global Limited
• Viasat, Inc.
• Eutelsat S.A.
• Others

Key Highlights of the Report