According to the report published by Zion Market Research, global demand for Satellite Communication (SATCOM) Equipment Market was valued at approximately USD 23.80 Billion in 2019, and is expected to generate revenue of around USD 42.12 Billion by end of 2026, growing at a CAGR of around 8.5% between 2020 and 2026.
According to the report published by Zion Market Research, global demand for Satellite Communication (SATCOM) Equipment Market was valued at approximately USD 23.80 Billion in 2019, and is expected to generate revenue of around USD 42.12 Billion by end of 2026, growing at a CAGR of around 8.5% between 2020 and 2026.
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.
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.
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, and 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: Regional Segment Analysis
List of Figures
FIG. 1 Research Methodology
FIG. 2 Research Methodology – Basic Overview
FIG. 3 Research Methodology – Detailed View
FIG. 4 Global Satellite Communication (SATCOM) Equipment Market Revenue, 2016 - 2026 (USD Billion)
FIG. 5 Porter’s Five Forces Analysis for Global Satellite Communication (SATCOM) Equipment Market
FIG. 6 Global Satellite Communication (SATCOM) Equipment Market Attractiveness, By Product
FIG. 7 Global Satellite Communication (SATCOM) Equipment Market Attractiveness, By End-use
FIG. 8 Global Satellite Communication (SATCOM) Equipment Market Attractiveness, By Vertical
FIG. 9 Global Satellite Communication (SATCOM) Equipment Market Attractiveness, By Technology
FIG. 10 Global Satellite Communication (SATCOM) Equipment Market Attractiveness, By End-User
FIG. 11 Company Share Analysis, 2019
FIG. 12 Global Satellite Communication (SATCOM) Equipment Market Revenue Share, by Product , 2019 & 2026
FIG. 13 Global Satellite Communication (SATCOM) Equipment Market for Receiver, Revenue (USD Billion) 2016 - 2026
FIG. 14 Global Satellite Communication (SATCOM) Equipment Market for Antenna, Revenue (USD Billion) 2016 - 2026
FIG. 15 Global Satellite Communication (SATCOM) Equipment Market for Transceiver, Revenue (USD Billion) 2016 - 2026
FIG. 16 Global Satellite Communication (SATCOM) Equipment Market for Transmitter/Transponder, Revenue (USD Billion) 2016 - 2026
FIG. 17 Global Satellite Communication (SATCOM) Equipment Market for Others, Revenue (USD Billion) 2016 - 2026
FIG. 18 Global Satellite Communication (SATCOM) Equipment Market Revenue Share, by End-use , 2019 & 2026
FIG. 19 Global Satellite Communication (SATCOM) Equipment Market for Land fixed SATCOM equipment, Revenue (USD Billion) 2016 - 2026
FIG. 20 Global Satellite Communication (SATCOM) Equipment Market for Airborne SATCOM equipment, Revenue (USD Billion) 2016 - 2026
FIG. 21 Global Satellite Communication (SATCOM) Equipment Market for Maritime SATCOM equipment, Revenue (USD Billion) 2016 - 2026
FIG. 22 Global Satellite Communication (SATCOM) Equipment Market for Land mobile SATCOM equipment, Revenue (USD Billion) 2016 - 2026
FIG. 23 Global Satellite Communication (SATCOM) Equipment Market for Portable SATCOM equipment, Revenue (USD Billion) 2016 - 2026
FIG. 24 Global Satellite Communication (SATCOM) Equipment Market Revenue Share, by Vertical , 2019 & 2026
FIG. 25 Global Satellite Communication (SATCOM) Equipment Market for Commercial, Revenue (USD Billion) 2016 - 2026
FIG. 26 Global Satellite Communication (SATCOM) Equipment Market for Government and defense, Revenue (USD Billion) 2016 - 2026
FIG. 27 Global Satellite Communication (SATCOM) Equipment Market Revenue Share, by Technology , 2019 & 2026
FIG. 28 Global Satellite Communication (SATCOM) Equipment Market for SATCOM VSAT, Revenue (USD Billion) 2016 - 2026
FIG. 29 Global Satellite Communication (SATCOM) Equipment Market for SATCOM telemetry, Revenue (USD Billion) 2016 - 2026
FIG. 30 Global Satellite Communication (SATCOM) Equipment Market for SATCOM-on-the-move (SOTM), Revenue (USD Billion) 2016 - 2026
FIG. 31 Global Satellite Communication (SATCOM) Equipment Market for SATCOM AIS, Revenue (USD Billion) 2016 - 2026
FIG. 32 Global Satellite Communication (SATCOM) Equipment Market for SATCOM-on-the-pause, Revenue (USD Billion) 2016 - 2026
FIG. 33 Global Satellite Communication (SATCOM) Equipment Market Revenue Share, by Region, 2019 & 2026
FIG. 34 North America Satellite Communication (SATCOM) Equipment Market Revenue, 2016 - 2026 (USD Billion)
FIG. 35 Europe Satellite Communication (SATCOM) Equipment Market Revenue, 2016 - 2026 (USD Billion)
FIG. 36 Asia Pacific Satellite Communication (SATCOM) Equipment Market Revenue, 2016 - 2026 (USD Billion)
FIG. 37 Latin America Satellite Communication (SATCOM) Equipment Market Revenue, 2016 - 2026 (USD Billion)
FIG. 38 The Middle-East and Africa Satellite Communication (SATCOM) Equipment Market Revenue, 2016 - 2026 (USD Billion)
FIG. 39 Viasat Business Segment Revenue Share, 2018 (%)
FIG. 40 Viasat Geographical Segment Revenue Share, 2018 (%)
List of Tables
TABLE 1 Global Satellite Communication (SATCOM) Equipment Market: Snapshot
TABLE 2 Drivers of the Satellite Communication (SATCOM) Equipment Market: Impact Analysis
TABLE 3 Restraints for the Satellite Communication (SATCOM) Equipment Market: Impact Analysis
TABLE 4 Global Satellite Communication (SATCOM) Equipment Market Revenue, by Region, 2016 – 2026 (USD Billion)
TABLE 5 North America Satellite Communication (SATCOM) Equipment Market Revenue, by Country, 2016 – 2026 (USD Billion)
TABLE 6 North America Satellite Communication (SATCOM) Equipment Market Revenue, by Product , 2016 – 2026 (USD Billion)
TABLE 7 North America Satellite Communication (SATCOM) Equipment Market Revenue, by End-use , 2016 – 2026 (USD Billion)
TABLE 8 North America Satellite Communication (SATCOM) Equipment Market Revenue, by Vertical , 2016 – 2026 (USD Billion)
TABLE 9 North America Satellite Communication (SATCOM) Equipment Market Revenue, by Technology , 2016 – 2026 (USD Billion)
TABLE 10 Europe Satellite Communication (SATCOM) Equipment Market Revenue, by Country, 2016 – 2026 (USD Billion)
TABLE 11 Europe Satellite Communication (SATCOM) Equipment Market Revenue, by Product , 2016 – 2026 (USD Billion)
TABLE 12 Europe Satellite Communication (SATCOM) Equipment Market Revenue, by End-use , 2016 – 2026 (USD Billion)
TABLE 13 Europe Satellite Communication (SATCOM) Equipment Market Revenue, by Vertical , 2016 – 2026 (USD Billion)
TABLE 14 Europe Satellite Communication (SATCOM) Equipment Market Revenue, by Technology , 2016 – 2026 (USD Billion)
TABLE 15 Asia Pacific Satellite Communication (SATCOM) Equipment Market Revenue, by Country, 2016 – 2026 (USD Billion)
TABLE 16 Asia Pacific Satellite Communication (SATCOM) Equipment Market Revenue, by Product , 2016 – 2026 (USD Billion)
TABLE 17 Asia Pacific Satellite Communication (SATCOM) Equipment Market Revenue, by End-use , 2016 – 2026 (USD Billion)
TABLE 18 Asia Pacific Satellite Communication (SATCOM) Equipment Market Revenue, by Vertical , 2016 – 2026 (USD Billion)
TABLE 19 Asia Pacific Satellite Communication (SATCOM) Equipment Market Revenue, by Technology , 2016 – 2026 (USD Billion)
TABLE 20 Latin America Satellite Communication (SATCOM) Equipment Market Revenue, by Country, 2016 – 2026 (USD Billion)
TABLE 21 Latin America Satellite Communication (SATCOM) Equipment Market Revenue, by Product , 2016 – 2026 (USD Billion)
TABLE 22 Latin America Satellite Communication (SATCOM) Equipment Market Revenue, by End-use , 2016 – 2026 (USD Billion)
TABLE 23 Latin America Satellite Communication (SATCOM) Equipment Market Revenue, by Vertical , 2016 – 2026 (USD Billion)
TABLE 24 Latin America Satellite Communication (SATCOM) Equipment Market Revenue, by Technology , 2016 – 2026 (USD Billion)
TABLE 25 The Middle-East and Africa Satellite Communication (SATCOM) Equipment Market Revenue, by Country, 2016 – 2026 (USD Billion)
TABLE 26 The Middle-East and Africa Satellite Communication (SATCOM) Equipment Market Revenue, by Product , 2016 – 2026 (USD Billion)
TABLE 27 The Middle-East and Africa Satellite Communication (SATCOM) Equipment Market Revenue, by End-use , 2016 – 2026 (USD Billion)
TABLE 28 The Middle-East and Africa Satellite Communication (SATCOM) Equipment Market Revenue, by Vertical , 2016 – 2026 (USD Billion)
TABLE 29 The Middle-East and Africa Satellite Communication (SATCOM) Equipment Market Revenue, by Technology , 2016 – 2026 (USD Billion)
Growing number of research and development activities related to SATCOM equipment, rising satellites’ use for surveillance and navigational tasks, and the developing requirement for high throughput satellite services are fuelling growth of the target industry worldwide.
According to Zion Market Research, global demand for Satellite Communication (SATCOM) Equipment Market is expected to generate revenue of around USD 42.12 Billion by end of 2026, growing at a CAGR of around 8.5% between 2020 and 2026.
The North America satellite communication (SATCOM) equipment market is projected to hold the significant share globally in the future. The growth is attributed to extensive satellite communication (SATCOM) equipment requirement from the U.S. department of defence the countries in the region are expected to propel the demand.
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, and Campbell Scientific, among others.
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