Global Satellite Communication SATCOM Equipment Market Share Report 2024, Forecast To 2033
23 Feb, 2024
The satellite communication (SATCOM) equipment market has experienced rapid growth, increasing from $37.96 billion in 2023 to $42.92 billion in 2024, with a 13.1% CAGR. Historical growth is attributed to satellite-based broadcasting expansion, military and defense SATCOM growth, broadband connectivity demand, remote sensing and earth observation increase, and satellite technology utilization in defense and government sectors. The market is expected to see rapid growth, reaching $74.25 billion by 2028, driven by high-capacity geostationary satellites deployment, 5G network integration, low Earth orbit (LEO) satellite constellations demand, satellite internet services expansion, and secure SATCOM emphasis. Key trends include miniaturization of SATCOM equipment, software-defined satellite technology use, hybrid satellite and terrestrial communication solutions adoption, AI integration in SATCOM systems, and high-frequency satellite bands use for improved connectivity.
Global Satellite Communication SATCOM Equipment Market Key Driver
The satellite communication (SATCOM) equipment market is witnessing growth fueled by the increasing number of mobile satellite services and small satellites. Mobile satellite services offer global voice and data communication, contributing to the growing demand for satellite communication equipment. In 2021, NASA reported that 94% of spacecraft launched were small satellites. The proliferation of mobile satellite services and small satellites is a key driver for the SATCOM equipment market.
Get A Free Sample Of The Global Satellite Communication SATCOM Equipment Market ReportGlobal Satellite Communication SATCOM Equipment Market Segments
The satellite communication (satcom) equipment market covered in this report is segmented –
1)By Satellite Type: Large Satellite (>2500 KG), Medium Satellite (501 – 2500 KG), Small Satellite (1 – 500 KG), Cubesat (0.27 – 27 Cubic Unit Of 103 Cm)
2)By Component Type: Amplifiers, Transceivers, Space Antennas, Transponders, Other Components
3)By Application: Navigation, Scientific Research, Communication, Remote Sensing, Other Applications
4)By End-Use: Commercial, Government and Military
By Geography: The regions covered in the template market report are Asia-Pacific, Western Europe, Eastern Europe,North America, South America, Middle East, and Africa. Among these regions.
North America was the largest region in the satellite communication (SATCOM) equipment market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the satellite communication (satcom) equipment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Major Satellite Communication SATCOM Equipment Industry Players
SKY Perfect JSAT Holdings Inc; L3 Technologies Inc.; SES S. A; Telesat LLC; Intelsat S. A.; Viasat Inc.; General Dynamics Corporation; Cobham Limited; Thuraya Telecommunications Company; Qualcomm Technologies Inc.; EchoStar Corporation; Honeywell International Inc.; Hughes Network Systems LLC; Boeing Company; General Dynamics Mission Systems Inc.; Iridium Communications Inc.; ASELSAN A. S.; Intellian Technologies Inc.; Campbell Scientific Inc.; ST Engineering iDirect Inc.; Thales Group; Raytheon Technologies Corporation; Inmarsat Communications; KVH Industries Inc.; Orbcomm Inc.; Cobham PLC; Maxar Technologies Inc.; Viking SatCom Inc.; Kepler Communications; Gilat Satellite Networks; Comtech Telecommunications Corp.; GomSpace Group AB; NanoAvionics; AAC Clyde Space AB; Spaceflight Industries; Satellogic; Spire Global Inc.; Planet Labs Inc.; OneWeb Satellites; Blue Canyon Technologies
Get The Full Global Satellite Communication SATCOM Equipment Market Report
Satellite Communication SATCOM Equipment Market Overview
Satellite communication (SATCOM) equipment refers to electronic devices, including the mounting style, product type, and connector type or interface enabling communication with satellites in earth's orbit or space. Satellite communication is mostly used for traditional point-to-point communications, mobile applications, and the distribution of TV and radio programs. Information is transported from one location to another through satellite communication, which involves a communication satellite orbiting the Earth. It is used for the transmission, conditioning, and reception of satellite signals in worldwide telecommunications.
Satellite Communication SATCOM Equipment Global Market Report 2023 provides data on the global satellite communication satcom equipment market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The satellite communication satcom equipment market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.