Reliable Data You Can Trust
Reliable Data You Can Trust
A recent report published by
Infinium Global Research on satellite communication (SATCOM) equipment market
provides an 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. According to the report, global satellite communication (SATCOM)
equipment market is projected to grow at a CAGR of 8.5% over the forecast
period of 2019-2025.
The technology has changed
drastically over the past century. The 20th century was marked with prominent
developments in the field of satellites and telecommunication. There are around
5,000 satellites revolving around the earth as of 2018 according to the United
Nations Office for Outer Space Affairs (UNOOSA). The satellites are classified
into different types based on their application such as navigation satellites,
communication satellites, weather satellites, astronomical satellites, and
others. The communication satellites relay and amplify the higher frequency
signals. Satellite communication is the most effective way available for long
distance communication. Today, satellite communication is used in various
industries for numerous applications.
The rise in demand for
uninterrupted communication from various industries is the major factor driving
the SATCOM equipment market. Many industries require higher quality
transmission in order to carry out their business operations. Industries such
as media, entertainment, IT and telecommunications need uninterrupted and
higher quality communication in order to provide better services to their
consumers. These industries have been adopting SATCOM for their operations as
it is the most effective and efficient option. Besides, the government,
aerospace and defense organizations also implement satellite communication for
various applications including public security, home guard security,
cross-border surveillance, and vigilance. Moreover, better access to satellite
technology for private players has further augmented the demand for SATCOM
equipment, globally. However, the higher development and maintenance cost of
the SATCOM equipment is the major restraining factor for the market. The SATCOM
equipment is extremely sophisticated and complicated equipment, which requires
highly skilled professionals for its maintenance. Furthermore, the components used
in the SATCOM equipment are expensive, which on replacement adds to the
maintenance cost of the equipment. Nevertheless, the autonomous and connected
vehicles are generally integrated with the SATCOM equipment for their
connectivity and other functioning. The rising number of such vehicles is
anticipated to offer promising opportunities for the market players providing SATCOM
equipment.
Among the regions, North America
generated the highest revenue for the SATCOM equipment. The domination of the
North American region in the global SATCOM equipment market attributed to the
higher demand for equipment from government organizations including NASA, U.S.
Department of Defense, the Federal Bureau of Investigation, the National
Security Agency and others. Moreover, the presence of major market players in
North America further augments the market growth in the region. While Asia
Pacific market for SATCOM equipment is anticipated to grow with the highest
rate owing to increasing penetration of the internet and smartphones and
growing access to satellite technology to private companies.
The report on global satellite
communication (SATCOM) equipment market covers segments such as product, type,
technology, and end-user. On the basis of product, the sub-markets include SATCOM
receiver, SATCOM transmitter/transponder, SATCOM antenna, SATCOM modem/router,
and other products. On the basis of type, the sub-markets include portable SATCOM
equipment, land mobile SATCOM equipment, airborne SATCOM equipment, and land
fixed SATCOM equipment. On the basis of technology, the sub-markets include SATCOM
VSAT, SATCOM-on-the-move, SATCOM telemetry, and SATCOM automatic identification
system. On the basis of end-user, the sub-markets include media and entertainment,
government, aerospace and defense, and other end-users.
The report provides profiles of
the companies in the market such as General Dynamics Corporation, Harris
Corporation, AvL Technologies, ND SATCOM GmbH, Hughes Network Systems LLC.,
Gilat Satellite Networks, Newtec Cy, Aselsan A. Ş., SATCOM Global Ltd, and Other Companies.
The report provides deep insights
into the 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 satellite communication (SATCOM) equipment market. Moreover, the
study highlights current market trends and provides forecast from 2019-2025. 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.
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