SATCOM Equipment Market Size, Share & Industry Analysis, By Component (Transponders, Transceivers, Converters), By Satellite Type (CubeSat, Small, Medium, Large), By Application (Earth Observation & Remote Sensing, Communication, Scientific Research & Exploration, Navigation, Others), By End-User (Commercial, Government & Military) Others and Regional Forecast, 2024-2032

The global satcom equipment market is seeing remarkable growth, with a significant CAGR forecasted throughout the period up to 2032. 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.

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.

SATCOM EQUIPMENT Market Segmentation:

By component, the satcom equipment 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 satcom equipment industry 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.

Key Players Covered:

• General Dynamics Corporation


• Cobham Plc


• L3 Technologies


• Viasat


• Harris Corporation

Key Insights

• New Advancement in SATCOM Techniques


• Application of SATCOM for Military


• Ground Mobility Platform

Regional Analysis:

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.

Segmentation

SATCOM Equipment Market Industry Developments

• In November 2019, General Dynamics Mission Systems, Inc. and the U.S. Navy signed a contract with a valuation of USD 731.8 million for the Mobile User Objective System (MUOS). MUOS is a next-generation satellite communications system which provides secure voice and data communications for the U.S Navy worldwide.


• In December 2019, The U.S. Department of Defence (DoD) has awarded a contract of valuation USD 89.9 million with Centurum Information Technology for satcom services. Centurum Information Technology provides technical sustainment support to the DoD.