Satcom Equipment Market Size, Share, Industry & Forecast 2027
SATCOM Equipment Market
The Satcom Equipment Market is estimated to grow at a faster CAGR over the forecast period (2020-2027).
The factors driving the growth of Satcom Equipment Market includes increasing use of Satcom Equipment in the defense and commercial industries, growing demand for autonomous and connected cars and rising popularity of Ku- and Ka-band satellites. According to the report published by Bloomberg, the Global Connected Car Device Market is anticipated to reach USD 52.78 billion by the end of 2031, expanding at a CAGR of 7.25% over the forecast period (2022-2031), which will boost the Global SATCOM Equipment Market in the approaching years. Moreover, increasing application of electronically steered phased antennas in boats military vehicles and trains, growing adoption of portable SATCOM terminals by retail consumers and rise in the space exploration activities around the world, are some of the additional factors supplementing the Satcom Equipment Market size. In addition, the commercialization of 5G services, rise in Government’s expenditure for funding various space programs, expansion of the aviation industry, increasing disposable incomes and rapid urbanization, are further contributing to the market growth.
Request a free sample of this report
However, the growth of Satcom Equipment Market is hindered due to high maintenance cost of SATCOM equipment.
The leading players operating in the market are Codan Satcom, AVL Technologies, Newtec Group, General Dynamics Corporation, Cobham Plc, L3 Technologies Inc, Harris Corporation, Datum Systems Inc, Viasat Inc and Anacom Inc., among others.
Vertical: Segment Analysis
Based on Vertical, the Commercial segment is predicted to grow at a remarkable CAGR over the forecast period attributed to increasing use of SATCOM services in weather monitoring, telecommunications, and navigation.
End-Use: Segment Analysis
Based on End-Use, the Maritime SATCOM Equipment segment is projected to expand at a significant CAGR during the forecast period because the maritime satcom services provide digital experience to the cruise passenger and helps in cargo monitoring.
Regional: Segment Analysis
Based on Region, the Asia-Pacific region is anticipated to capture a sizeable market share over the forecast period. Rise in the space exploration activities, growing demand for high-speed internet connectivity, technological advancements in the satellite, increasing use of SATCOM services by defense forces for surveillance and high population growth rates, are some of the important factors propelling the market growth in Asia-Pacific.
Market Segmentation
SATCOM Equipment Market by Product
Receiver
Low-Noise Amplifier
Down Converter
Demodulator
Decoder
Transmitter/Transponder
Modulator
Up Converter
High Power Amplifier
Encoder
Transceiver
Antenna
Modem/Router
Others
SATCOM Equipment Market by Vertical
Government & Defense
Military
Homeland Security & Emergency Management
Public Safety
Commercial
Telecom & IT
Scientific Research & Development
Transportation & Logistics
Media & Entertainment
Others
SATCOM Equipment Market by End-Use
Portable SATCOM Equipment
Handheld
Manpack
Deployable/Flyaway
Land Mobile SATCOM Equipment
Commercial Vehicles
Military Vehicles
Emergency Vehicles
Trains
Unmanned Ground Vehicles
Maritime SATCOM Equipment
Commercial Ships
Military Ships
Unmanned Maritime Vehicles
Airborne SATCOM Equipment
Commercial Aircraft
Military Ships
Unmanned Maritime Vehicles
Land Fixed SATCOM Equipment
Command & Control Centers
Earth Stations
SATCOM Equipment Market by Technology
SATCOM VSAT
SATCOM Telemetry
SATCOM AIS
SATCOM-on-the-Move
SATCOM-on-the-Pause
Satcom Automatic Identification System
SATCOM Equipment Market by Region
Asia Pacific
China
Japan
India
Rest of APAC
North America
United States of America
Canada
Europe
United Kingdom
Germany
France
Spain
Rest of Europe
RoW
Brazil
South Africa
Saudi Arabia
UAE
About GMI Research
GMI Research is a market research and consulting firm which provides market insights and intelligence across 12 major sectors helping our clients in making effective investment and business decisions.
Media Contact
Company Name: GMI RESEARCH
Contact Person: Sarah Nash
Email: enquiry@gmiresearch.com
Phone: Europe – +353 1 442 8820; US – +1 860 881 2270
Address: Dublin, Ireland
Website: https://www.gmiresearch.com/