"We Envision Growth Strategies Most Suited
to Your Business"
The global satellite communication market size is projected to grow from USD 25.33 billion in 2021 to USD 46.50 billion in 2028. Nowadays, defense organizations are majorly using CubeSats to enhance weather monitoring and battlefield communications. These also provide high-speed internet, broadband services, and mobile SATCOM. As per a report by Fortune Business Insights™, titled, “Satellite Communication (SATCOM) Market Size, Share & COVID-19 Impact Analysis, By Component (Receiver, Transmitter/Transponder, Transceiver, Antenna, Modem/Router, and Others), By Technology (VSAT, SATCOM-On-The-Move (SOTM), SATCOM-On-The-Pause (SOTP), Telemetry, and Automatic Identification System), By End-Use (Commercial and Government & Defense), By Platform (Portable equipment, Land equipment, Maritime equipment, and Airborne equipment), and Regional Forecast, 2021-2028.” the market stood at USD 23.44 billion in 2020. It is set to exhibit a CAGR of 9.07% in the forecast period between 2021-2028.
Airbus Provides Contract to Viasat for Upgrading UHF Satellite Communication NCS
In February 2021, Viasat, Inc. received a new contract worth USD 8.5 million from Airbus to modernize the Ultra High Frequency (UHF) SATCOM Network Control Stations (NCS). It would also provide the UHF Skynet to the UK Ministry of Defense. It would help Viasat to leverage its software platform called Visual Integrated Satellite Communications Information, Operation and Networking (VISION), thereby allowing MOD to adapt to IW Phase 2, the novel Integrated Waveform (IW) requirement. As per a company official, “This upgrade would provide high mission effectiveness and real-time communication for meeting tactical profiles.”
To get a detailed report summary and research scope of this market, click here:
Rising Usage of Autonomous Technology for Combat Operations to Propel Growth
The emergence of cloud computing, data analytics, and artificial intelligence are being rapidly used in the aviation industry, especially for flight operations. This autonomous technology is also used in the military for numerous combat operations and battlefield management. State-of-the-art sensors are installed in these systems to provide real-time information from live locations. Additionally, they are used for health monitoring purposes and tracking. Autonomous technology can also lower the operational cost and increase the overall efficiency of the systems. These factors are estimated to drive the SATCOM market growth in the near future. However, hostile cyber events can result in breaches of international laws, thereby causing severe damage to satellite communication systems. It may obstruct growth.
R&D Activities and Achievement of New Contracts — Vital Strategies of Major Participants
The market contains multiple firms that are mainly focusing on new product developments to cater to the high demand worldwide. They are increasing investments in R&D activities and enhancing their pre-existing product ranges to gain a competitive edge. A few others are trying to win new contracts to deliver their in-house systems and solutions.
List of the Companies Operating in the Global Market:
A Notable Industry Development-
Further Report Findings-
The global market is segmented in this way:
Value (USD Billion)
Component; Platform; Technology ; End-Use and Geography
By End Use