Synopsis
The report titled “The Socio-Economic Value of Satellite Communications” (March 2023) discusses the impact and future potential of satellite communications (satcoms). It focuses on the following key points:
Growth and Impact of Satcoms: The number of satellite broadband users is expected to double to 500 million by 2030. Satcoms are set to deliver significant social and economic benefits across different domains:
- Broadband delivery to households will increase in value from US$26 billion in 2022 to US$52 billion in 2030, with significant benefits in tele-education and tele-medicine.
- Media broadcasting value is anticipated to reach US$86 billion by 2030.
- The market for broadband on the move (e.g., in airplanes, trains, ships) is projected to grow from US$15 billion in 2022 to US$121 billion in 2030.
- Cellular backhaul via satellites is crucial for connectivity in remote areas and is expected to generate revenues of almost US$30 billion by 2030.
- Satcoms will also enhance the Internet of Things, connecting medical wearable devices and other sensors.
Key Use Cases of Satcoms:
- Broadband for Households, Education, Healthcare, and Critical Services: Satellites offer a cost-effective way to provide broadband to remote areas, supporting services like tele-education and tele-medicine.
- Media Broadcasting: Satellites are crucial for delivering TV and radio broadcasting, especially in remote areas and during large events like the FIFA World Cup or the Olympic Games.
- Broadband on the Move: Satellite broadband is essential for connectivity in transportation modes like airplanes, ships, and cars.
Additional Use Cases:
- Satellite connections are key for backhauling cellular traffic, especially in remote areas.
- New applications like inter-satellite links and direct-to-cell phone connectivity are emerging.
- Satcoms support the growing Internet of Things market by connecting various devices and sensors.
Importance of Predictable Regulatory and Spectrum Environment: The report emphasizes the need for a predictable regulatory and spectrum environment to achieve the full potential of satcoms, particularly in bridging the digital divide.
Socio-Economic Benefits: The report highlights the substantial direct and indirect social and economic benefits of satcoms, including improved access to education, healthcare, and critical services in underserved regions.
In summary, the report underscores the growing importance of satellite communications in delivering broadband and other services to remote areas, contributing significantly to social and economic development globally.