Satellites are fundamental enablers of information and communication sector and they are used across various industries such as media and entertainment, defense, mining, agriculture, meteorology, engineering and construction, telecommunication, etc. for the purpose of TV broadcasting, gathering defense intelligence and surveillance, weather forecasting, agriculture forecasts, oil and mineral deposits, among others. Depending upon the markets and businesses served, satellites can be segmented into fixed satellite service (FSS) and mobile satellite service (MSS). FSS majorly works on C-band, Ku-band and Ka-band and uses geosynchronous satellites to address markets such as TV and radio, telecommunications and satellite communication utilized by military, governments, commercial enterprises and other end-users. Conversely, MSS uses low frequency L- and S-bands and the satellites are utilized in mobile communications segment. Demand for MSS is on rise because of growing mobile communications market which includes development of applications and devices in the sector.
Satellites use various types of transponders and antennae for transmitting communication signals. Demand for advanced satellite transponders is growing because of rising demand for communication and broadcasting applications such as video conferencing, DTH (direct-to-home), OTT (over-the-top) content, DTT (digital terrestrial television) platforms, IPTV (internet protocol television), broadband access, meteorology, military surveillance, among others.