According to the research report titled ‘Global Satellite Services Market: Analysis by Service Type (Fixed, Mobile, EO, Consumer Services), End Users, By Region, By Country (2021 Edition): Market Insights and Forecast with Impact of COVID-19 (2021-2026)‘, available with Market Study Report LLC, global satellite services market was valued at USD 131.25 billion in 2020 and is expected to register momentous growth over the analysis timeframe 2021-2026.
 

As per findings of the report, rapid digitalization and surging adoption of emerging consumer services in developed nations in line with increasing demand for satellite TV, communication, internet, radio with high efficiency are catalyzing global satellite services market growth.
 

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Moreover, rising government support across the world for technical enhancement in satellite technologies is augmenting industry development.
 

Elaborating on the Covid-19 impact, the rapid spread of the Coronavirus pandemic has elevated the importance of satellites as they play a critical role in safeguarding people and offering services required to transition to remote working and home learning. However, supply chains disruption and delayed deployments have hampered industry remuneration.
 

With respect to service type, the marketplace is classified into earth observation, consumer services, mobile satellite, and fixed satellite. In terms of the end-user, the industry sphere is divided into aviation, aerospace, media & entertainment, defense, government, and retail & enterprise. The soaring demand from end-user industries to help consumers attain more technological satisfaction with greater efficiency will contribute to the growth of these segments.
 

As per expert verbatim, Americas, Europe, Asia Pacific, and Middle East & Africa are major benefactors to global satellite services industry remuneration. Among these, Americas is likely to capture a major market share owing to presence of prominent players who offer a diverse portfolio of efficient and affordable services with zero delays to cater to the demands of consumers in both urban and rural areas. They are also actively engaging in acquisitions and collaborations deal with other companies, further enhancing regional market outlook.
 

Speaking of the competitive arena, Northrop Grumman Corporation, Intelsat Corporation, Iridium Communications Inc., Viasat Inc., EchoStar Corporation, Eutelsat S.A., Dish Network Corporation, Lockheed Martin Corporation, The Boeing Company, and SES S.A. are the major players influencing global satellite services industry trends.