What Transformation Has the SATCOM On The Move Market Undergone?
The satcom on the move market has seen considerable growth due to a variety of factors.
• The market size of satcom on the move has experienced quick expansion in the last few years. This market is set to rise from $29.43 billion in 2024 to $34.89 billion in 2025, showcasing a compound annual growth rate (CAGR) of 18.5%.
Factors contributing to the growth during the historic period include the progress of emerging markets, higher investments in satellite communication infrastructure, increased adoption of connected vehicles, and a rise in investments in the space sector.
What Can Be Expected from the SATCOM On The Move Market in the Coming Years?
The satcom on the move market is expected to maintain its strong growth trajectory in upcoming years.
• There's an anticipated surge in the size of the satcom on the move market over the coming years, with projections showing it is likely to reach $73.04 billion by 2029, growing at a compound annual growth rate (CAGR) of 20.3%.
The sizeable increase predicted within this timeframe can be linked to a rise in low earth orbit satellite investments, bolstered government backing, expanding telecommunication demand, and an upturn in satellite launches. Key trends to watch during this forecast period involve strategic alliances and synergies between market players, product breakthroughs primarily geared towards government and military use, utilization of artificial intelligence in radio frequencies (RF), a focus on very high throughput satellites (VHTS), and advancements in satellite communication technology.
What Main Forces Are Fueling Expansion In The SATCOM On The Move Market?
The SATCOM on the move market is set for expansion, driven by the escalating number of satellite launches. Satellite launches involve using a launch vehicle or rocket to send satellites into orbit around the Earth or towards other celestial bodies. There's been a surge in these launches due to factors such as government funding, low costs, fast development cycles, and adaptability. A SATCOM on the move provides real-time communication between satellites and ground control, allowing for command and control, data transfer, and the tracking of the satellite's health and condition. For example, the U.S. Government Accountability Office reported in September 2022 that almost 5,500 satellites were orbiting Earth in 2022, and it's projected that around 58,000 more will be launched by 2030. Consequently, this rise in satellite launches is fuelling the growth of the SATCOM on the move market.
How Are The Segments Defined Within The Global SATCOM On The Move Market?
The satcom on the move market covered in this report is segmented –
1) By Type: Equipment, Service
2) By Frequency: C Band, L Band, S Band, X Band, Ka Band, Ku Band, UHF Band, SHF Band
3) By Platform: Land Mobile, Airborne, Maritime
4) By Vertical: Commercial, Government, Defense
Subsegments:
1) By Equipment: Antennas, Modems, Satellite Terminals, Amplifiers, Network Infrastructure
2) By Service: Installation Services, Maintenance And Support Services, Network Management Services, Consulting Services, Data Services
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How Are New Trends Expected To Influence The Growth Of The SATCOM On The Move Market?
One trend gaining traction in the SATCOM on the move market is the emergence of product innovations. Major firms in this market are debuting cutting-edge products designed for government and military uses to increase their market presence. Case in point, in March 2023, ComClark Network and Technology Corporation, a leading provider of customer-oriented information and communication technology (ICT) and broadcast services from the Philippines, unveiled its SATCOM on the Move (SOTM) product, a system integrator and provider of value-added services for internet network broadband communications and broadcasting service technologies. The SOTM solution is crafted to ensure uninterrupted connectivity for mobile users, like emergency services, government bodies, and businesses. It uses satellite communications to offer its users quick, low-lag internet access.
Who Are the Key Players in the SATCOM On The Move Market?
Major companies operating in the satcom on the move market include:
• Honeywell International Inc
• L3Harris Technologies
• EchoStar Corporation
• Thales Group
• Viasat. Inc
• Aselsan A.S.
• BAE Systems plc
• Ball Corporation
• Inmarsat Global Limited
• General Dynamics Corp
• Singapore Technologies Engineering Ltd
• Bharat Electronics Limited (BEL)
• NEC Corporation
• Eutelsat Communications SA
• Avanti Communications
• Cobham Limited
• Airbus Defence and Space
• Telespazio
• Surrey Satellite Technology Ltd
• Rohde and Schwarz
• Russian Satellite Communications Company
• SENER Polska sp. z o.o
• Raytheon Intelligence & Space
• Hughes Network Systems
• Gilat Satellite Networks
• Elbit Systems Ltd.
• Globalsat Group
• Intelsat
• Thuraya
• Al Yah Satellite Communications Company
• Etisalat UAE
• Yahsat
• SCS Space
• Alkan
What Is The Most Dominant Region In The SATCOM On The Move Market?
North America was the largest region in the SATCOM on the move market in 2024. The regions covered in the satcom on the move market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
