Global Space Ground Station Equipment Market Size 2024, Forecast To 2033
6 Mar, 2024
The space ground station equipment market has witnessed strong growth, expanding from $9.49 billion in 2023 to $10.35 billion in 2024, with a notable compound annual growth rate (CAGR) of 9.0%. The growth in the historical period can be attributed to the expansion of satellite communication, the increased deployment of satellite constellations, earth observation, and remote sensing applications, as well as participation in scientific and space exploration missions, along with the flourishing commercial satellite services sector. Looking ahead to 2028, the market is expected to experience robust growth, reaching $14.66 billion at a CAGR of 9.1%. The forecasted growth is linked to the emergence of the small satellite market, the rise in satellite mega-constellations, increased space traffic and management demands, global 5G deployment from space, and the continuation of government and defense space programs. Major trends in the forecast period include the utilization of cloud-based ground stations, a focus on cybersecurity measures, the deployment of deep learning for signal processing, the integration of automated tracking and telemetry systems, and the rise of interoperable ground station architectures.
Global Space Ground Station Equipment Market Key Driver
The projected rise in demand for satellite communication networks is set to drive the growth of the space ground station equipment market. A satellite communication network, functioning as a man-made satellite network, transmits information via a transponder, opening a channel between a transmitter and a receiver at different Earth points. This enables a ground station to monitor a satellite's location and manage its various systems, including propulsion and thermal control. Notably, in March 2022, Pixalytics Ltd reported a significant increase in communication network satellites, reaching 3135 in 2022, reflecting a notable surge of 71.12% from December 2020. This surge in demand for satellite communication networks is a key driver behind the growth of the space ground station equipment market, indicating positive trends in 2023, 2024, and 2028.
Get A Free Sample Of The Global Space Ground Station Equipment Market ReportGlobal Space Ground Station Equipment Market Segments
The space ground station equipment market covered in this report is segmented –
1) By Type: Consumer Equipment, Network Equipment
2) By Satellite Communication Service: Fixed Satellite Services, Mobile Satellite Services
3) By Application: Communication, Earth Observation, Navigation
4) By End User: Consumer, Government And Military, Commercial, Enterprise
By Geography:The regions covered in the space ground station equipment market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain
North America was the largest region in the space ground station equipment market in 2023. Asia-Pacific is expected to be the fastest-growing region in the global space ground station equipment market report during the forecast period. The regions covered in the space ground station equipment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Major Space Ground Station Equipment Industry Players
EchoStar Corporation, AAC Clyde Space, Comtech Telecommunication Corporation, Analog Devices Inc., GomSpace, Infostellar Inc., Inmarsat Global Limited, Kongsberg Satellite Services AS, Marlink Gmbh, Swedish Space Corporation, Thales Group, Viasat Inc., Gilat Satellite Networks, Harris Corporation, Kratos Defense & Security Solutions Inc., VT iDirect Inc., Advantech Wireless Technologies Inc., Norsat International Inc., Terrasat Communications Inc., Iridium Communications Inc., Orbcomm Inc., Globalstar Inc., Speedcast International Limited, Northrop Grumman Corporation, L3Harris Technologies Inc., General Dynamics Corporation, Raytheon Technologies Corporation, Lockheed Martin Corporation, Space Exploration Technologies Corp., Hughes Network Systems LLC
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Space Ground Station Equipment Market Overview
Space ground station equipment is an essential piece of technology that enables access to space. The ground station equipment is an essential component of the end-to-end science data return, which contains all ground-based equipment needed to gather and distribute data from the satellite to the user.
Space Ground Station Equipment Global Market Report 2023 provides data on the global space ground station equipment market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The space ground station equipment market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.