Satellite Communication (SATCOM) Equipment Market Trend Analysis Research Report by By Type (CubeSat, Small, Medium, Large), by Application (Earth Observation & Remote Sensing, Communication, Scientific Research & Exploration, Navigation, Others), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa)- Global Forecast to 2030
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Market Overview
The satcom (satellite communication) equipment market includes the hardware, terminals, antennas, transceivers, modems, gateways, amplifiers, receivers, and other enabling technologies to provide a high-availability, reliable communication link over a satellite network. The satcom equipment is used for transmitting voice, video, broadband internet, telemetry, and mission-critical data (command & control) between ground stations, spacecraft, aircraft, ships and other vehicles, and remote communication terminals. Satcom equipment has the applications in the commercial enterprise, telecommunications, defense, government, maritime, aviation, broadcasting, emergency response, energy sector, and space agencies.
In the last 10 years, the market for satellite communications has transformed, stimulated by the aggressive growth of constellations, the proliferation of HTS, the development of emerging LEO networks, and rising worldwide demand for broadband communications. The history of geostationary satellite communication systems has now been shifted into a highly integrated multi-orbit communication ecosystem, providing greater bandwidth with lower latency and more resilient networks. The commercialization of space infrastructure, the drop in satellite launch prices, and investments from private companies have driven innovations in SATCOM hardware and increased its adoption in many segments.
Escalating demand for seamless connectivity, digital revolution, and worldwide communication infrastructure has fueled market progression. Companies are increasingly using SATCOM equipment to establish links between remote sites, offshore facilities, mineral extraction areas, oil and gas plants, and countryside holding back traditional terrestrial networks. The aviation industry implements SATCOM apparatus for traffic circulation and flow of communication, while the maritime sector uses satellite equipment for navigation, ship monitoring, and crew communications. Governments continue upgrading secure SATCOM framework to enhance surveillance, battlefield situations, intelligence, and command infrastructure. The demand for remotely monitored satellite-connected applications, disaster management communications, and other remote sensing applications continue to echo in this market.
And the effects of technology are also rapidly changing the nature of competition. Technologies such as email, AI, SDN, ESA, phased array & beamforming antenna, cloud networking, IoT, 5G NTN and signal processing are transforming capabilities of SATCOM equipment. AI platforms for managing the networks are reducing congestion by automating the use of bandwidth, identifying potential equipment failure for early troubleshooting and automation of the network to increase service quality through real-time analytics. New capabilities such as multi-orbit satellite terminals, thin flat-panel antennas, Ka-band and Ku-band high-throughput systems, new modems, SDN radio, and a faster, flexible Satellite Communication are also making the networks more powerful and flexible. Better integration with cloud infrastructure, edge computing, and hybrid terrestrial-satellite networks is improving global service.
Rules set by the government, spectrum allocation policies, international standards for telecommunications and frameworks for cybersecurity also influence the SATCOM Equipment Market. Equipment vendors and service providers need to comply with licensing guidelines, rules governing radio frequency, rules governing satellite communication, export regulations and national standards concerning security. Governments have been focusing on durable communication infrastructure, next-generation satellite constellations and satellite communication networks at space for consolidating digital inclusion, emergency communications, national security, defense preparedness and vital infrastructure reliability.
North America continues to be the largest regional market owing to the presence of robust satellite satellite utilization, space infrastructure, research spending, extensive commercial space investments with the proliferation of satellite broadband technology. Europe is expected to register a moderate growth supported by increasing satellite communication services, aerospace breakthroughs and government funding for secured communication systems. Asia-Pacific is projected to register the fastest growth during forecast period owing to the growing demand for broadband, increasing satellite installations, enhanced maritime & air traffic, modernization of defense and digital transformation of the economy in China, India, Japan, South Korea, Australia and South East Asia. New Markets are expected to be encountered in emerging economies in Latin America, the Middle East & Africa through rural connectivity initiatives and capital investment.
A growing need for fast, reliable, and universally accessible communication platforms will continue to drive the Satellite Communication (SATCOM) Equipment Market onwards over the long term. Proliferation of the latest AI-based network optimization techniques, multi-orbit satellite systems with various configurations, electronically steered antennae, software-based communication infrastructure, satellite-based IoT, hybrid terrestrial/satellite networks, next-generation broadband strategies, and other developments will open up many growth avenues for satellite equipment manufacturers, communications providers, aerospace and defense contractors, and comm tech innovators for the duration of the forecast period.
ATTRIBUTE | DETAILS |
Study period | 2023-2030 |
Base year | 2023 |
Estimated year | 2023 |
Forecasted year | 2024-2030 |
Historical period | 2019-2023 |
Unit | Value (USD Billion) |
Segmentation | by Type, by Application, and |
By Type | CubeSat Small Medium Large |
By Application | Earth Observation & Remote Sensing Communication Scientific Research & Exploration Navigation Others |
By Region | North America Asia Pacific Europe South America Middle East Asia & Africa |
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The report profiles the key players in the industry, along with a detailed analysis of their individual positions against the global landscape. The study conducts SWOT analysis to evaluate strengths and weaknesses of the key players in the Satellite Communication (SATCOM) Equipment market. The researcher provides an extensive analysis of the Satellite Communication (SATCOM) Equipment market size, share, trends, overall earnings, gross revenue, and profit margin to accurately draw a forecast and provide expert insights to investors to keep them updated with the trends in the market.
Major Players Operating in the Satellite Communication (SATCOM) Equipment Market
- Thales Group
- L3Harris Technologies, Inc.
- Viasat, Inc.
- Cobham PLC
- Honeywell International Inc.
- General Dynamics Corporation
- Airbus SE
- Intelsat S.A.
- Inmarsat plc
- Gilat Satellite Networks Ltd
Satellite Communication (SATCOM) Equipment Market Segments
By Type
- CubeSat
- Small
- Medium
- Large
By Component
- Transponders
- Transceivers
- Convertors
By Application
- Earth Observation & Remote Sensing
- Communication
- Scientific Research & Exploration
- Navigation
- Others
Geographical Landscape:
The Satellite Communication (SATCOM) Equipment Market report provides information about the market area, which is further subdivided into sub-regions and countries/regions. In addition to the market share in each country and sub-region, this chapter of this report also contains information on profit opportunities.
- North America (United States, Canada, and Mexico)
- Europe (UK, Germany, France, Russia, and Italy)
- Asia-Pacific (China, Korea, Japan, India, and Southeast Asia)
- South America (Brazil, Colombia, Argentina, etc.)
- The Middle East and Africa (Saudi Arabia, UAE, Nigeria, Egypt, and South Africa)
This report offers actionable growth insights and an extensive study comprising secondary research, primary interviews with industry stakeholders, and competitors, validation, and triangulation with the FIC regional database. Experts have detailed primary records with the market players across the value chain in all regions and industry experts to obtain qualitative and quantitative insights.
Speaking about this research report in particular, it includes
- Five Major Regions (North America, Europe, Asia Pacific, Middle East & Africa, South & Central America)
- Market Information For 10 Years (2018 & 2023 – Historic Years, 2023 – Base Year and 2024-2030 Forecast Period)
- Key Industry Dynamics including factors that are Driving the Market, Prevailing Deterrent, Potential Opportunities as Well as Future Trends.
- Ten Company Profiles (these are not just Major Players but a Mix of Leading, Emerging Players, Market Disruptors, Niche Market Players, etc.)
- Industry Landscape Analysis
- Analysis of COVID-19 Impact on this market at Global and Regional Level.
A thoroughgoing evaluation of the market restrains included in the report which represents the difference to drivers of the market and gives scope for strategic insights and developments. The research study has amalgamated the growth analysis of different aspects that enhance the market growth scenario. It constitutes key market drivers, restraints and trends that transform the market in either a positive or negative manner.
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Frequently Asked Questions
What is the expected growth rate of the Satellite Communication (SATCOM) Equipment Industry over the next 7 years?
Satellite Communication (SATCOM) Equipment Industry is estimated to increase at a CAGR of 12% by 2030.
Which region is dominating in the Satellite Communication (SATCOM) Equipment Industry?
The Satellite Communication (SATCOM) Equipment Industry is experiencing significant growth, with North America currently dominating the market.
Who are the major key players in the Satellite Communication (SATCOM) Equipment Industry?
The Satellite Communication (SATCOM) Equipment Industry is a competitive space with key players such as Thales Group, L3Harris Technologies, Inc., Viasat, Inc., Cobham PLC, Honeywell International Inc., General Dynamics Corporation, Airbus SE, Intelsat S.A., Inmarsat plc, Gilat Satellite Networks Ltd
The Table of Content for Satellite Communication (SATCOM) Equipment Market research study includes
- Introduction
2. Key Takeaways
3. Research Methodology
4. Satellite Communication (SATCOM) Equipment Industry Landscape
5. Satellite Communication (SATCOM) Equipment Industry – Key Market Dynamics
6. Satellite Communication (SATCOM) Equipment Industry – Global Market Analysis
7. Satellite Communication (SATCOM) Equipment Industry – Revenue And Forecasts to 2030 – Type
8. Satellite Communication (SATCOM) Equipment Industry – Revenue And Forecasts to 2030 – Application
9. Satellite Communication (SATCOM) Equipment Industry – Revenue And Forecasts to 2030 – Service
10. Satellite Communication (SATCOM) Equipment Industry Revenue And Forecasts to 2030 – Geographical Analysis
11. Impact of Covid-19 Pandemic on Global Satellite Communication (SATCOM) Equipment Industry
12. Industry Landscape
13. Satellite Communication (SATCOM) Equipment Industry, Key Company Profiles
14. Appendix
15. List of Tables
16. List of Figures
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