Global SATCOM Equipment Market size is projected to be valued $40 Billion by 2025; with a CAGR of 8.6% from 2017 to 2025. Communication via a satellite is usually abbreviated to the term SATCOM in which Satellites used in satellite communications are usually in geostationary orbit while some of them are placed in highly elliptical orbits for transmission, conditioning, & reception of satellite signals. Satellite communications can provide global availability so that large distances can thus be covered quiet easily.Communications via satellite is the superior reliability unlike other forms of communication and provide superior performance as uniformity and speed are much more pronounced than other forms of communication. SATCOM consists of mainly an antenna, communication payload, transponder, switching systems, command, and control system. With a major operational effect on worldwide basis, SATCOM as a Service ensures reliable, affordable, robust and seamless state-of-the-art capabilities that are fully interoperable and compatible.
High use of SATCOM equipment in telecommunication, space exploration, and telemetry is the driving factor for the growth of the market. Other factors impacting the growth of the market are 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. Huge development & maintenance cost of earth station infrastructures to support SATCOM devices adversely affect the SATCOM market growth. Also, growing usage of cloud-based services for ground mobility platform would create new opportunities for players in this market.
The SATCOM equipment market has been categorized on the basis of product, 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.
Global SATCOM equipment 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.
Major companies operating in the global SATCOM Equipmentmarket are Harris 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.
The key takeaways from the report
Scope of the Global SATCOM Equipment Market