Satellite Communication (SATCOM) Equipment Market - Trends Forecast Till 2028

Satellite Communication (SATCOM) Equipment Market by Solution (Products and Services), Platform (Portable, Land Mobile, Land Fixed, Airborne, Maritime), Technology (SOTM/COTM, SOTP), Vertical, Connectivity, Frequency, and Region (North America, Europe, Asia-Pacific, Middle East and Africa and South America)

Published Date: December, 2021

Base Year Estimate: 2020

Report ID: D-AD-SCEM-641

Format:  

Number of Pages: 351

Domain: Aerospace & Defense

Satellite Communication (SATCOM) Equipment Market – Trends Forecast Till 2028

The global satellite communication (SATCOM) equipment market size is projected to reach a CAGR of 20.6% from USD 22 billion in 2021, during the forecast period 2021-2028.

Satellite communication is related to transferring of signal between the sender and receiver antenna with the help of satellite.

Growing demand for Ku- and Ka-band satellites, and the growing fleet of autonomous and connected vehicles used for various applications in the military and commercial sectors, which require customized SATCOM-on-the-move antennas are some of the factors that have supported long-term expansion for Satellite Communication (SATCOM) Equipment Market.

The COVID-19 pandemic has caused significant damage to the economic activities of countries across the world. The manufacturing of SATCOM equipment, including systems, subsystems, and components, has also been impacted.

Satellite Communication (SATCOM) Equipment Market Size Analysis

North America is expected to lead the SATCOM equipment market from 2021 to 2028. The US is a lucrative market for SATCOM equipment in the North American region. The US government is increasingly investing in the field of SATCOM to enhance the quality and effectiveness of satellite communication.

Satellite Communication (SATCOM) Equipment Market is segmented into solution, platform, frequency, vertical, connectivity and region.

On the basis of Solution

  • Product
  • Antennas
  • Transceivers

On the basis of Platform

  • Portable
  • Land mobile
  • Land fixed
  • Airborne
  • Maritime

On the basis of Frequency  

  • C Band
  • L, &S Band
  • X Band
  • Ka Band
  • Ku Band
  • UHF Band
  • SHF Band
  • Band
  • Band

On the basis of Vertical

  • Government & defence
  • commercial

On the basis of Connectivity

  • LEO orbit
  • MEO/GEO orbit

On the basis of Region

  • Asia Pacific
  • North America
  • Europe
  • South America
  • Middle East & Africa

Insights are provided for each region and major countries within the regions

Satellite Communication (SATCOM) Equipment Market Primary Respondent

 

Key Players

  • Thales Group
  • L3Harris Technologies
  • Honeywell International Inc.
  • Hughes Network Systems
  • Viasat, Inc.

Recent Developments

  • In June 2021, Iridium communications inc. received a research and development contract from the United States army to develop a payload to be hosted on smallsats that support navigation systems, guidance, and control for the Global Positioning System (GPS) and GPS-denied precision systems. The army intends to develop this payload to support the concept of a rapidly deployable smallsat constellation to provide more effective sensor-to-soldier data transmission when in the field.
  • In June 2021, Gilat Satellite Networks received a contract from Peru’s programa Nacional de telecomunicaciones (Pronatel) for the delivery of internet services to hundreds of sites in Peru.

Reasons to Acquire

  • Increase your understanding of the market for identifying the best and suitable strategies and decisions on the basis of sales or revenue fluctuations in terms of volume and value, distribution chain analysis, market trends and factors
  • Gain authentic and granular data access for Satellite Communication (SATCOM) Equipment Market so as to understand the trends and the factors involved behind changing market situations
  • Qualitative and quantitative data utilization to discover arrays of future growth from the market trends of leaders to market visionaries and then recognize the significant areas to compete in the future
  • In-depth analysis of the changing trends of the market by visualizing the historic and forecast year growth patterns

Report Scope

 

Report Feature

Descriptions

Market Revenue In 2021

USD 22 billion

Growth Rate

CAGR of 20.6% during the forecasting period, 2021-2028

Historical Data

2018-2019

Forecast Years

2021-2028

Base Year

2020

Units Considered

Revenue in USD billion and CAGR from 2021 to 2028

Report Segmentation

solution, platform, frequency, vertical, connectivity and region.

Report Attribute

Market Revenue Sizing (Global, Regional and Country Level) Company Share Analysis, Market Dynamics, Company Profiling

Regional Level Scope

North America, Europe, Asia-Pacific, South America, and Middle East and Africa

Country Level Scope

U.S., Japan, Germany, U.K., China, India, Brazil, UAE, South Africa (50+ Countries Across the Globe)

Companies Profiled

Thales Group, L3Harris Technologies, Honeywell International Inc., Hughes Network Systems and Viasat, Inc.

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