Satellite Antenna Global Market Sees Growth Rate Of 12% Through 2026
23 Jun, 2022
The global satellite antenna market size is expected to grow from $2.76 billion in 2021 to $3.06 billion in 2022 at a compound annual growth rate (CAGR) of 10.85%. The growth in the market is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The global satellite antennae market size is expected to reach $4.83 billion in 2026 at a CAGR of 12.05%.
What is the Global Satellite Antenna Market?/b>
The satellite antenna market consists of sales of satellite antenna devices by entities (organizations, sole traders, and partnerships) which is an apparatus designed to transmit or receive microwaves to satellites. Satellite antennas work by concentrating the satellite's transmitting power into a selected geographical region on earth to avoid interference from other signals transmitted from outside of the designated service area.
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What drives the Global Satellite Antenna Market?
The rise in demand for small satellites is driving the satellite antenna market. Small satellites are cost efficient and cheaper to launch while offering effective connectivity. According to Euroconsult, a France-based satellite consulting firm, 1805 small satellites were placed in orbit between 2010-2020, while the number is expected to rise to 10,000 by 2030. In 2018, the Indian Space Research Organization (ISRO), launched 31 satellites from 7 countries including Canada, France, South Korea, the US, the UK, Finland, and India. The payload consisted of 100 kg micro satellite, 5 kg nano satellites and 710 kg of CartoSAT – 2 for earth observation.
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https://www.thebusinessresearchcompany.com/report/satellite-antenna-global-market-reportGlobal Satellite Antenna Market Segments
The global satellite antenna market is segmented:
By Antenna Type: Flat Panel Antenna, Parabolic Reflector Antenna, Horn Antenna
By Component Type: Reflectors, Feed Horns, Feed Networks, Low Noise Converters, Others
By Frequency Band: C Band, K/KU/KA Band, S and L Band, X Band, VHF and UHF Band, Others
By Application: Space, Land, Maritime
By Geography: The regions covered in the air cargo services market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
Satellite Antenna Global Market Report 2022provides market size and growth forecasts for the global satellite antenna market, global satellite antenna market share, satellite antenna market segments and geographies, satellite antenna market competitive landscape including leading competitors’ revenues, profiles and market shares. The satellite antenna market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
Global Satellite Antenna Industry Playersinclude Airbus SAS, Cobham PLC, Dettwiler and Associates Ltd., Elite Antennas Ltd., General Dynamics Corporation. Based on industry trends and company analysis, the report explains a number of strategies for companies in the market.