Satellite Communication (SATCOM) Equipment Market Size, Share, Analysis, Trends, Growth Report, 2032

Satellite Communication (SATCOM) Equipment Market Insights

According to Zion Market Research, the global Satellite Communication (SATCOM) Equipment Market was worth USD 30.71 Billion in 2023. The market is forecast to reach USD 81.13 Billion by 2032, growing at a compound annual growth rate (CAGR) of 11.4% during the forecast period 2024-2032. The report offers a comprehensive analysis of the market, highlighting the factors that will determine growth, potential challenges, and opportunities that could emerge in the Satellite Communication (SATCOM) Equipment industry over the next decade.

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Global Satellite Communication (SATCOM) Equipment Market: Overview

Satellite communication equipment (SATCOM equipment) is primarily used for range of applications such as telecommunications, military surveillance, and weather control among others. SATCOM equipment is used to collect real-time data and widely used to perform television broadcasting, distance learning, cellular backhaul. Rising acceptance of cloud-based land mobility network across the globe is major factor responsible for popularity of the satellite communication.

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Global Satellite Communication (SATCOM) Equipment Market: Growth Factors

Growing need for high throughput satellite services, coupled with growing use of internet of things across the globe are major factors driving growth of the global satellite communication (SATCOM) equipment market. Addition to this, growing need for satellite communication in the end use industries including maritime, aviation is increasing which is fuelling growth of the global industry in the near future. However, expensive satellite communication components, along with high cost associated with the manufacturing may hinder growth of the industry in the near future. Nevertheless, technological advancements growing usage of cloud-based services for ground mobility platform may create huge growth opportunities in future.

Global Satellite Communication (SATCOM) Equipment Market: Segmentation

The satellite communication (SATCOM) equipment market is segmented based on product, end-use, vertical, and technology.

Based on product the market is divided as receiver, antenna, transceiver, transmitter/transponder, and others. SATCOM transceivers segment is likely to hold the largest market share in the future, due to the rising use of satellites for surveillance and navigation.

By end-use, the global market is segregated as land fixed SATCOM equipment, airborne SATCOM equipment, maritime SATCOM equipment, land mobile SATCOM equipment, and portable SATCOM equipment.

On the basis of vertical the global market is divided as commercial and government and defense.

On the basis of technology, the global market is divided as SATCOM VSAT, SATCOM telemetry, SATCOM-on-the-move (SOTM), SATCOM AIS, and SATCOM-on-the-pause (SOTP).

Region-wise, the global market is segregated into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.

Satellite Communication (SATCOM) Equipment Market: Report Scope

Global Satellite Communication (SATCOM) Equipment Market: Regional Analysis

The North America satellite communication (SATCOM) equipment market is projected to hold the significant share globally in the future, owing to the extensive satellite communication (SATCOM) equipment requirement from the U.S. Department of Defence and NASA and an increasing demand from the defence industry for continuous communication of North America. Further, increasing research & development activities are expected to fuel growth of the market in the Asia Pacific. The Europe satellite communication (SATCOM) equipment market is anticipated to grow at a rapid rate in the years ahead.

Global Satellite Communication (SATCOM) Equipment Market: Competitive Players

Some main participants of the satellite communication (SATCOM) equipment market are

• Viasat
• Harris Corporation
• L3 Technologies
• General Dynamics Corporation
• Hughes Network Systems
• Aselsan
• Cobham Plc
• Gilat Satellite Networks
• Campbell Scientific
• among others.

Major players in the global market are focusing on strengthening position in the target industry by applying various business strategies.

Satellite Communication (SATCOM) Equipment Market: Segmentation

By Product

• Receiver
• Antenna
• Transceiver
• Transmitter/transponder
• others

By End-use

• Land-fixed SATCOM equipment
• Airborne SATCOM equipment
• Maritime SATCOM equipment
• Land mobile SATCOM equipment
• Portable SATCOM equipment

By Vertical

• Commercial
• Government
• Defense

By Technology

• SATCOM VSAT
• SATCOM telemetry
• SATCOM-on-the-move (SOTM)
• SATCOM AIS
• SATCOM-on-the-pause (SOTP)

Satellite Communication (SATCOM) Equipment Market: Regional Segment Analysis

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa