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SATCOM stands for satellite communication. It is an artificial geostationary satellite used in telecommunications for receiving radio signals from the Earth. It used to amplify the signal and relaying them back down to terrestrial receivers. The advanced technology, such as the use of phased array antennas for broadband communication in the space and 3D printed RF equipment are supporting the market growth during the forecast period. SATCOM used by several space agencies to accomplish the demand for strategic satellites. Moreover, several armed forces use satellite communication due to the growing demand for bandwidth for military communication equipment.
Key Market Driver -
Growing Demand for Ku- and Ka-Band Satellites
Key Market Restraint -
High Development and Maintenance Cost of Earth Station Infrastructures to Support SATCOM Devices
The factors expected to drive the market are Increasing need for high throughput satellite services, and growing use of SATCOM equipment in space exploration, telecommunication, & telemetry. Moreover, increasing the use of the Internet of Things (IoT) and rising demand for customized SATCOM solutions in the aviation industry anticipated to boost the market. Expanding the use of cloud-based services for ground mobility platforms are the upcoming opportunities for the market. However, concerns related to cybersecurity and high service cost for satellites are factors affecting market growth.
By component, the market segmented into transponders, transceivers, converters, amplifiers, and antennas. Based on the satellite type, the market is segmented into CubeSat, small, medium, and large. Based on application, the market categorized into earth observation & remote sensing, communication, scientific research & exploration, navigation, and others. Based on the end-user market, segmented into commercial and military & government. From a geographical standpoint, the market categorized into North America, Europe, Asia Pacific, and the Rest of the World.
The major companies in the global SATCOM equipment market report include Some of the key players profiled in the SATCOM equipment market report include General Dynamics Corporation (US), Cobham Plc (UK), L3 Technologies (US), Viasat (US), and Harris Corporation (US), among others.
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The global SATCOM equipment market segmented into North America, Europe, Asia Pacific, and Rest of the World. North America is estimated to register the largest market share during the forecast period. The growth is attributed to increasing in the launch of satellites for 5G to drive the SATCOM equipment market in the U.S. In Canada increasing the ratio of launching a small satellite for scientific research & development expected to drive the market. Asia- Pacific is expected to be the fastest-growing region during the forecast period. The rising Investments in space programs by the Indian government projected to drive the market. Europe also shows remarkable growth in the market due to the increase in the launch of a medium satellite in the UK, and Germany. In South America increase in the launch of large satellites for Scientific Research & development witnesses to drive the market.
By Satellite Type
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