A recent report published by Infinium Global Research on satellite communication (SATCOM) equipment market provides in-depth analysis of segments and sub-segments in the global as well as regional satellite communication (SATCOM) equipment market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional satellite communication (SATCOM) equipment market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of global satellite communication (SATCOM) equipment market.
Satellite communications equipment is used for transmitting, conditioning, and receiving satellite signals in worldwide telecommunications. It involves the transfer of information from one location to another using communication satellites orbiting the Earth. These satellites transmit signals via transponders, establishing a channel between the transmitter and receiver at different Earth locations. Satellite communications are utilized for telephone, radio, television, internet, and military applications. The general specifications of satellite communications equipment include product type, mounting style, and connector type or interface. Performance factors for satellite communications equipment include frequency, operating voltage, output power, gain, return loss, operating temperature, and operating humidity. Some products may also feature remote control, integrated heatsink, and embedded power supply. Various types of satellite communications equipment include antennas, receivers, transmitters/transponders, and transceivers, among others.
The increasing use of satellite communication (SATCOM) in government and defense sectors is significantly driving the growth of the SATCOM equipment market. Government and defense agencies require robust, secure, and reliable communication systems for various applications, including surveillance, exploration, and command and control operations. SATCOM provides the necessary capabilities to support these critical functions, ensuring seamless and secure communication even in remote and hostile environments. Further, the increasing demand for rural and remote connectivity is stimulating the growth of the market. In many regions, communication infrastructure is either insufficient or non-existent, making it difficult for communities in these areas to access reliable internet and communication services. SATCOM offers a viable solution by providing high-speed connectivity in such a geographic location. The growing emphasis on digital inclusion and the need to connect remote and rural areas are stimulating the demand for SATCOM equipment, thereby driving market growth.
However, government regulation and policies can hamper the growth of the market. The deployment and operation of satellite communication systems are subject to stringent regulatory frameworks, which can vary widely between countries. These regulations often involve complex licensing requirements, spectrum allocation issues, and compliance with international standards. Nonetheless, the increasing demand for high-speed internet presents lucrative opportunities for the growth of the SATCOM equipment market. With the exponential rise in internet usage and the proliferation of data-intensive applications, there is a growing need for high-speed, reliable connectivity. SATCOM technology, particularly with advancements such as high-throughput satellites (HTS), offers the capability to deliver high-speed internet services. As the need for high-speed internet continues to escalate, the SATCOM equipment market is expected to witness significant growth during the forecasted period.
The global satellite communication (SATCOM) equipment market is geographically segmented into North America, Europe, Asia Pacific, and the rest of the world. Among the regions, the North America region is expected to hold a dominant market share during the forecasted period. The dominance of the region can be attributed to the growing demand for satellite communication equipment from government agencies including the U.S. Department of Defence, the National Security Agency, and others. Additionally, the growing demand for satellite broadband services, especially providing reliable connectivity in remote regions in the North America regions is further driving the market growth. The region is also home to key industry players and their strong focus on innovations and investments in research and development, advanced technologies are fueling the growth of the market in the region. Moreover, the Asia Pacific region is expected to witness a rapid growth rate during the forecasted period. The growing reliance on SATCOM-dependent services in various sectors such as telecommunications, media and broadcasting, agriculture, and energy and utility is driving the growth of the market.
| Report Coverage | Details |
|---|---|
| Market Size in 2023 | Approximately USD 20 Billion |
| Market Size by 2032 | Nearly USD 44 Billion |
| Growth Rate from 2024 to 2032 | CAGR of Nearly 10% |
| Largest Market | North America |
| No. of Pages | 300 |
| Market Drivers |
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| Market Segmentation | By Product, By Type, By Technology, and By End User |
| Regional Scope | North America, Europe, Asia Pacific, and RoW |
The report on global satellite communication (SATCOM) equipment market provides a detailed analysis of segments in the market based on Product, Type, Technology, and End User.
· SATCOM Receiver
· SATCOM Transmitter/ Transponder
· SATCOM Antenna
· SATCOM Transceiver
· Other Products
· Portable SATCOM Equipment
· Land Mobile SATCOM Equipment
· Airborne SATCOM Equipment
o Commercial Aircrafts
o Military Aircrafts
o Business Jets
o Unmanned Aerial Vehicles (UAVs)
· Land Fixed SATCOM Equipment
· Maritime SATCOM Equipment
· SATCOM VSAT
· SATCOM-on-the-Move
· SATCOM Telemetry
· SATCOM Automatic Identification System
· Commercial
o Telecommunication & Cellular backhaul
o Media & Entertainment
o Business & Enterprises
o Transportation & Logistics
o Aviation
o Marine
o Others
· Government
o Military
o Homeland Security & Emergency Management
· General Dynamics Mission Systems, Inc.
· L3Harris Technologies, Inc.
· AvL Technologies
· ND SatCom GmbH
· Hughes Network Systems, LLC
· GILAT SATELLITE NETWORKS
· Skybrokers BV
· Mitsubishi Electric Corporation
· Honeywell International Inc.
· Viasat, Inc.
The report provides deep insights into demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of the satellite communication (SATCOM) equipment market. Moreover, the study highlights current market trends and provides forecasts from 2024-2032. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.