Global SATCOM Equipment Market is Estimated to Reach $40 Billion by 2025, Says Accurize Market Research
Global SATCOM Equipment Market report published by Accurize Market Research forecast that the global market is expected to reach $40 billion by 2025; growing at a CAGR of 8.6% from 2017 to 2025. By geography, Asia Pacific and North America are expected to grow at a CAGR of XX% and XX%, respectively, during the forecast period.
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Growing requirement for high throughput satellite services, growing demand for customized SATCOM solutions in the aviation industry, and increasing requirement of continuous communication in several industriesto drive the growth of the market
Growing requirement for high throughput satellite services, growing demand for customized SATCOM solutions in the aviation industry, and increasing requirement of continuous communication in several industries fuel the demand for the global SATCOM equipment market.Furthermore,high use of SATCOM equipment in space exploration, telecommunication, and telemetry also boosts the growth of the market.
The global SATCOM equipment market has been bifurcated on the basis ofproduct, technology, vertical, end-use, and geography. Product includes SATCOM modem/router, SATCOM receiver, SATCOM transmitter/transponder, SATCOM transceiver, SATCOM antenna, and other SATCOM products. By technology, market is categorized into SATCOM telemetry, SATCOM VSAT, SATCOM AIS, SATCOM-on-the-move, and SATCOM-on-the-pause. Further, vertical includes government & defense, and commercial. End-Use comprises land mobile SATCOM equipment, portable SATCOM equipment, maritime SATCOM equipment, airborne SATCOM equipment, and land fixed SATCOM equipment.
By geography the market is segmented into North America, Europe, Asia-Pacific, and Rest of the World (RoW).North America is further bifurcated into U.S., Canada, and Mexico whereas Europe segment consist of UK, Russia, Germany, France, Italy, and Rest of Europe. Asia-Pacific is segmented into India, China, Japan, South Korea, and Rest of Asia-Pacific while RoW is bifurcated into South America, Middle East, and Africa.
Top players in the market
The key players operational in the market includesHarris Corporation, Communications & Power Industries LLC, L3 Technologies, Inc., CobhamPlc, Viasat, Inc., Gilat Satellite Networks, Campbell Scientific, Inc., Hughes Network Systems LLC, Aselsan A. S., and General Dynamics Corporation among others.
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