Global Satellite Communication (SATCOM) Equipment Market To Develop Strongly And Reach USD 35 Billion By 2025

05-Oct-2020 | Zion Market Research

As per Zion Market Research, the global satellite communication (SATCOM) equipment market is predicted to cross USD 35 billion by 2025 from USD 22 Billion in 2019, with a 9.1% CAGR. Factors such as rising requirement need for uninterrupted communication in different sectors and increasing fleet of connected and autonomous cars have garnered the attention of satellite makers and related companies in the satellite sector, subsequently powering the development of the satellite communication (SATCOM) equipment market.

Global Satellite Communication (SATCOM) Equipment Market

Companies active in the satellite communication (SATCOM) equipment market are aimed at designing technologically enhanced equipment for different applications, comprising automotive, telecommunication, scientific research, and Earth observation. These firms are also comprised in R&D activities to design miniature systems that can conduct competently in complex surroundings. Some of the prominent companies active in the satellite communication (SATCOM) equipment market are Viasat, General Dynamics Corporation, L3 Technologies, Cobham Plc, and Harris Corporation.

Access To Satellite Tech By Private Companies To Power The Development Of The Global Satellite Communication (SATCOM) Equipment Market

The satellite sector has been observing remarkable development in the last 20 years. The development of this sector, powered by the access to satellite tech by private companies, subsequently powers the satellite communication (SATCOM) equipment market. In addition to this, factors such as lesser cost of development and shorter development cycle have powered the development of satellite antennas, which make up a primary element of the satellite communication (SATCOM) equipment market.

Maritime SATCOM Equipment Segment Predicted To Have The Biggest Share Of The Satellite Communication (SATCOM) Equipment Market

On the basis of end-use, the maritime SATCOM equipment segment is predicted to have the biggest share of the satellite communication (SATCOM) equipment market in the years to come. As naval and commercial vessels are present at sea for long durations, they need solid satellite systems for communication to maintain contact with shore below any sea conditions and weather. These systems also offer the most excellent turnkey terminals for television reception and internet access.

Asia Pacific Predicted To Witness The Max CAGR In Satellite Communication (SATCOM) Equipment Market

The satellite communication (SATCOM) equipment market in Asia Pacific is predicted to observe the uppermost CAGR, due to the elevated employment of satellite antennas in the region in automobiles. With latest missions for space exploration by space organizations, such as and China National Space Administration and Indian Space Research Organization, the global market for satellite communication (SATCOM) equipment has witnessed observed development in the Asia Pacific region.

Browse the full “Satellite Communication (SATCOM) Equipment Market, By Product (Receiver, Antenna, Transceiver, Transmitter/Transponder, and Others), By End-use (Land fixed SATCOM equipment, Airborne SATCOM equipment, Maritime SATCOM equipment, Land mobile SATCOM equipment, and Portable SATCOM equipment), By Vertical (Commercial and Government and defense), By Technology (SATCOM VSAT, SATCOM telemetry, SATCOM-on-the-move (SOTM), SATCOM AIS, and SATCOM-on-the-pause) : Global Industry Perspective, Comprehensive Analysis and Forecast, 2020 – 2026.” Report at https://www.zionmarketresearch.com/report/satellite-communication-equipment-market

The global satellite communication (SATCOM) equipment market is segmented as follows:

By Product

  • SATCOM Receiver
  • SATCOM Transmitter/Transponder
  • SATCOM Transceiver
  • SATCOM Antenna
  • SATCOM Modem/Router
  • Others

By Vertical

  • Government & Defense
  • Commercial

By End-Use

  • Portable SATCOM Equipment
  • Land Mobile SATCOM Equipment
  • Maritime SATCOM Equipment
  • Airborne SATCOM Equipment
  • Land Fixed SATCOM Equipment

By Technology

  • SATCOM VSAT
  • SATCOM Telemetry
  • SATCOM AIS
  • SATCOM-on-the-Move
  • SATCOM-on-the-Pause

By Region

  • 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

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