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SATCOM Market to Exhibit 9.07% CAGR till 2028; CACI Bags Contract from U.S. Navy worth $180.3 Million to Provide SATCOM Systems

July 13, 2021 | Aerospace & Defense

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:


https://www.fortunebusinessinsights.com/satellite-communication-satcom-market-102679


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:



  • Boeing (The U.S.)

  • Cobham Limited (The U.K)

  • General Dynamics Corporation (The U.S.)

  • Honeywell International Inc. (The U.S.)

  • Indra (Spain)

  • Inmarsat Global Limited (The U.K)

  • Iridium Communications Inc. (The U.S.)

  • L3Harris Technologies, Inc. (The U.S.)

  • Qualcomm Technologies, Inc. (The U.S.)

  • Viasat, Inc. (The U.S.)


A Notable Industry Development-



  • March 2020: The U.S. Navy provided a contract worth USD 180.3 million to CACI for offering network support services and SATCOM systems. These services include surveillance & reconnaissance, intelligence, combat systems, computers, communications, and command & control. The entire work is expected to be done by March 2025.


Further Report Findings-



  • In 2020, North America earned USD 9.03 billion in terms of revenue and remained in the leading position. The increasing demand for these systems from defense, aviation, and telecommunication sectors would aid growth. Besides, the rising governmental investments in military and communication services would drive growth.

  • Europe is likely to grow significantly fueled by the surging number of infrastructure modernization and smart city projects in the region.

  • Based on the platform, the land equipment segment generated 42.86% in terms of the satellite communication market share in 2020. The rising utilization of emergency vehicles, unmanned ground vehicles, commercial vehicles, and military vehicles would accelerate this segment’s growth.


The global market is segmented in this way:




















































  ATTRIBUTE



  DETAILS



Study Period



  2017-2028



Base Year



  2020



Forecast Period



  2021-2028



Historical Period



  2017-2019



Unit



  Value (USD Billion)



Segmentation



  Component; Platform;  Technology ; End-Use and Geography



By Component



  • Receiver

  • Transmitter/Transponder

  • Transceiver

  • Antenna

  • Others



By End Use



  • Commercial

  • Government and Defense



 



By Technology



  • SATCOM Automatic Identification System

  • SATCOM VSAT

  • SATCOM-On-The-Move (SOTM)

  • SATCOM-On-The-Pause (SOTP)

  • SATCOM Telemetry



 



By Platform



  • Portable equipment

  • Land equipment

  • Maritime equipment

  • Airborne equipment



By Geography


 




  • North America (By Component, Platform, Technology, End-Use, and Country)

    • The U.S. (By Platform)

    • Canada (By Platform)



  • Europe (By Component, Platform, Technology, End-Use, and Country)

    • The U.K. (By Platform)

    • Germany (By Platform)

    • France (By Platform)

    • Italy (By Platform)

    • Rest of Europe (By Platform)



  • Asia-Pacific (By Component, Platform, Technology, End-Use, and

  • Asia Pacific

    • China (By Platform)

    • India (By Platform)

    • Japan (By Platform)

    • Australia (By Platform)

    • Rest of Asia-Pacific (By Platform)



  • The Middle East & Africa (By Component, Platform, Technology, End-Use, and Country)

    • The UAE (By Platform)

    • Saudi Arabia (By Platform)

    • Turkey (By Platform)

    • Rest of the Middle East & Africa (By Platform)



  • South America (By Component, Platform, Technology, End-Use, and Country)

    • Brazil (By Platform)

    • Argentina (By Platform)

    • Rest of South America (By Platform)




Satellite Communication (SATCOM) Market
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