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

Market Overview

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.

Regional 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.

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

Competitive Landscape

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