The market for Small Cell Satellite Backhaul is expected to reach US$ 14.04 Mn in 2027.
The small global cell satellite backhaul market value surged from US$ 9.59 Mn in 2018 to US$ 14.04 Mn in 2027, with a CAGR of 4.3% during the forecast from 2019 to 2027.
Robust growth in data traffic within the past few years has perturbed mobile operators to epouse new means of the communication network. Small cell satellite backhaul provides high efficiency, speed, and capacity, fulfilling the need for complex data transmission. Earlier, satellite communications were used only for hard-to-reach areas. In contrast, today, rapid increase in high-throughout data along with advancements in technology & improved economics have forced Mobile Network Operators (MNOs) to rethink satellite-based communication networks. Additionally, mobile operators can easily connect the rural and remote areas by adopting small-cell satellite architecture.
5G is expected to witness robust growth during the forecast period. Improved battery life, increased data capacity, and low latency communication are some of the major benefits offered by 5G that attributed significantly to its excellent growth. Further, 5G will also help in digitalizing various industry verticals such as media & entertainment, healthcare, automotive, and other industries. For instance, on August 15, 2018, Hi3G Access AB modernized its transport network with 5G routers 6000 series to improve its security, scalability, and efficiency by partnering with Telefonaktiebolaget LM Ericsson. Besides the advantages offered by 5G, its implementation requires wide-area coverage, reliability, and quick accessibility. Therefore, satellites proved to be the best solution for 5G, as they upgrade the performance of terrestrial networks in underserved areas cost-effectively.
Some countries, such as India, South Korea, Japan, China, UAE, Australia, Mexico, and many other nations, have come up with new telecom plans for 5G deployment in the near future. For Example, in 2017, the Indian government established a 5G High-Level Forum (HLF) to articulate the vision of 5G and execute the action plans for the same. Further, the government also launched a program in March 2018 titled Building End-to-End 5G Test Bed.
In 2018, North America held a substantial revenue share in the global small cell satellite backhaul market as the region is targeting prominent small cell installations by 2025. As per Small Cell Forum (SCF), total small cell deployment in North America will reach 849,000 by the year 2025, which accounts for nearly 10% of the global deployments. In addition, many private network operators are planning to deploy small cells to pave their way toward 5G offerings. Recently, Verizon Wireless has deployed small cells in many regions of the U.S. to meet the booming demand for data. In 2018, the U.S. Federal Communications Commission (FCC) filled that nearly 62% of Verizon's deployment were small cells in the country last year.
The small global cell satellite backhaul market is an untapped and very niche. Mobile operators are now focusing on satellite solutions to provide broadband connectivity in rural and unexplored areas. In addition, players are significantly involved in a partnership with satellite service providers to improve their customer experience with data speed and quality.
This research study provides qualitative and quantitative insights for each segment and sub-segment from 2017 to 2027, considering 2018 as the base year for the research. In addition, CAGR (Compounded Annual Growth Rate) for each segment and sub-segment is calculated for the forecast period from 2019 to 2027.
The small cell satellite backhaul market research offers market size and forecasts based on market dynamics and predominant trends shaping the industry. In addition, the report provides an all-around view of the global small cell satellite backhaul market based on technology, service, and geography. Key segments covered in the report are as follows:
The market for Small Cell Satellite Backhaul is expected to reach US$ 14.04 Mn in 2027.
The Small Cell Satellite Backhaul market is expected to see significant CAGR growth over the coming years, at 4.3%.
The report is forecasted from 2019-2027.
The base year of this report is 2018.