Global Satellite Communication (SATCOM) Equipment Market: Overview
SATCOM equipment or satellite communication equipment are extensively used in a wide range of applications, including weather monitoring, telecommunications, navigation, military surveillance, etc. SATCOM equipment is also used to gather real-time data amidst wars, integrate targets, trace movements, and locate undetected tunnels, among other uses. Satellite communication equipment serves varied beneficial purposes, such as distance learning, television broadcasting, and cellular backhaul, etc. The demand and popularity of the satellite communication (SATCOM) equipment market on a global scale can be attributed to the rising adoption rate of cloud-based services for ground mobility platform and growing requirement for high throughput satellite services.
Global Satellite Communication (SATCOM) Equipment Market: Growth Factors
The major growth drivers in the global satellite communication (SATCOM) equipment market are the huge demand for energy-efficient, enhanced lifespan, the rise in the number of research and development activities related to SATCOM equipment in India, China, and the U.S., and advanced communication systems coupled with varied functions and improved reliability. Latest technology coupled with advanced spacecraft designs, various developments made in Earth observation services, growing satellites’ use for surveillance and navigational tasks, and the growing requirement for high throughput satellite services are some other factors that are likely to fuel the expansion of the satellite communication (SATCOM) equipment market across the world in the upcoming years.
However, the high manufacturing cost and expensive satellite communication components might limit the satellite communication (SATCOM) equipment market on a global scale over the estimated time period.
Global Satellite Communication (SATCOM) Equipment Market: Segmentation
The global satellite communication (SATCOM) equipment market is classified into product, end-use, vertical, and technology. By product, this market includes receiver, antenna, transceiver, transmitter/transponder, and others. SATCOM transceivers are likely to hold the largest market share in the future, due to the rising use of satellites for surveillance and navigation. Based on end-use, the market is segmented into land fixed SATCOM equipment, airborne SATCOM equipment, maritime SATCOM equipment, land mobile SATCOM equipment, and portable SATCOM equipment. On the basis of vertical, the satellite communication (SATCOM) equipment market is bifurcated into commercial and government and defense. The technology segment of this global market comprises SATCOM VSAT, SATCOM telemetry, SATCOM-on-the-move (SOTM), SATCOM AIS, and SATCOM-on-the-pause (SOTP).
Global Satellite Communication (SATCOM) Equipment Market: Regional Analysis
The global satellite communication (SATCOM) equipment market is classified into Europe, North America, the Middle East and Africa, Latin America, and Asia Pacific. In 2017, the North American satellite communication (SATCOM) equipment market dominated globally. This was due to the huge satellite communication (SATCOM) equipment demand by the U.S. defense department and NASA and the growing demand for continuous communication by the defense industry. The Asia Pacific region is likely to hold a substantial share in the satellite communication (SATCOM) equipment market over the estimated time period. This can be attributed to the rise in the number of research and development activities related to SATCOM equipment in the developing economies, such as China and India.
Global Satellite Communication (SATCOM) Equipment Market: Competitive Players
Some of the most important market players in the global satellite communication (SATCOM) equipment market include Viasat, Harris Corporation, L3 Technologies, General Dynamics Corporation, Hughes Network Systems, Aselsan, Cobham Plc, Gilat Satellite Networks, and Campbell Scientific, among others.
Global Satellite Communication (SATCOM) Equipment Market: Regional Segment Analysis
- North America
- The U.S.
- Europe
- The UK
- France
- Germany
- The Asia Pacific
- China
- Japan
- India
- Latin America
- Brazil
- The Middle East and Africa
What Reports Provides
- Full in-depth analysis of the parent market
- Important changes in market dynamics
- Segmentation details of the market
- Former, on-going, and projected market analysis in terms of volume and value
- Assessment of niche industry developments
- Market share analysis
- Key strategies of major players
- Emerging segments and regional markets
- Testimonials to companies in order to fortify their foothold in the market.
