What Fueled The Previous Growth In The SATCOM Transceivers Market?
The satcom transceivers market has seen considerable growth due to a variety of factors.
• There has been a significant increase in size of the SATCOM transceivers market in the recent past. Its growth is expected to continue from $33.12 billion in 2024 to an estimated $36.2 billion in 2025, with a compound annual growth rate (CAGR) of 9.3%.
The surge in market growth during the historical period can be credited to an expanded usage in military and defense applications, an increased acceptance in commercial aviation, the evolution of the commercial space industry, a rise in the demand for remote sensing applications, and the growing integration of the internet of things (IoT).
How Does the Forecast Look for the SATCOM Transceivers Market?
The satcom transceivers market is expected to maintain its strong growth trajectory in upcoming years.
• In the years to come, the SATCOM transceivers market is projected to experience robust growth. It is estimated to increase to a market size of $51.78 billion in 2029, boasting a compound annual growth rate (CAGR) of 9.4%.
This prospective upswing in the forecast period is attributable to factors such as the escalating demand for instantaneous data transfer, the emergence of unmanned aerial vehicles (UAVs) and autonomous systems, an increase in the number of satellite launches, a surge in enthusiasm for in-flight connectivity, and a growing demand for high-throughput satellites (HTS). The future trends expected to shape the market include technological advancements in SATCOM transceivers, progress in satellite technology, development in RF and microwave technologies, the emergence of software-defined radios (SDR) technology, and the utilization of artificial intelligence (AI).
What Are The Leading Drivers Of Growth In The SATCOM Transceivers Market?
The SATCOM transceivers market is anticipated to be driven by the increasing rate of satellite launches. Launching satellites into space involves the use of a launch vehicle or rocket, which positions them into orbit around Earth or directed towards other celestial bodies. There's a surge in satellite launches due to factors such as increased governmental support, affordability, fast-paced development cycles, and flexibility. A SATCOM transceiver allows for real-time communication between the satellite and ground control, ensuring command and control, data exchange and monitoring the health and status of the satellite. For example, nearly 5,500 satellites orbited in 2022, as reported by the U.S. Government Accountability Office, a U.S.-based government institution, in September 2022. Additionally, an estimated 58,000 more satellites are set to be launched by 2030. Consequently, the rise in satellite launches is propelling the growth of the SATCOM transceivers market.
How Are The Segments Defined Within The Global SATCOM Transceivers Market?
The SATCOM transceivers market covered in this report is segmented –
1) By Component: Navigation, Scientific Research, Communication, Remote Sensing, Other Components
2) By Frequency Band: K Band, C Band, X Band, Ku Band, Other Frequency Band
3) By Application: Air Traffic Control, Satellite Communication, Direct To Home, X-Ray, Electronic Countermeasure (ECM), Food Processing, Material Processing, Other Applications
Subsegments:
1) By Navigation: Global Positioning Systems (GPS), Satellite-Based Augmentation Systems (SBAS), Differential GPS (DGPS)
2) By Scientific Research: Earth Observation Satellites, Atmospheric Research, Space Science Missions
3) By Communication: Commercial Communication Satellites, Military Communication Satellites, Broadband Satellite Services
4) By Remote Sensing: Earth Imaging Satellites, Weather Satellites, Surveillance Satellites
5) By Other Components: Antennas, Modems, Signal Processors
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Which Emerging Market Trends Are Altering The SATCOM Transceivers Industry?
Leading corporations in the SATCOM transceivers market are prioritizing the development of groundbreaking technologies like very-small-aperture terminals (VSAT) to boost their market profitability. VSATs afford dependable direct data, voice, or video linking within SATCOM transceivers, facilitating worldwide communication and data accessibility from multiple global locations. For example, Cobham Ltd., a UK-based aerospace entity, in August 2022, introduced the SAILOR 1000 XTR Ka and SAILOR 600 XTR Ka antennas. These are part of the avant-garde SAILOR XTR series designed to optimize broadband availability through the THOR 7 satellite. These offerings are equipped with features such as top-notch VSAT, dual-polarization, and broad-band Ka facilities. The said antennas assure effortless technical amalgamation, trouble-free set up, and superior functioning. They aim to enhance safety, lower expenses, and reduce environmental harm via dependable data connectivity on Telenor Satellite's European network.
Who Are the Key Players In The SATCOM Transceivers Market?
Major companies operating in the SATCOM transceivers market are:
• Hitachi Ltd.
• The Boeing Company
• Airbus SE
• Northrop Grumman Corporation
• Mitsubishi Electric Corporation
• Honeywell International Inc.
• Fujitsu Limited
• NEC Corporation
• Thales Group
• L3Harris Technologies Inc.
• Kyocera Corporation
• Viasat Inc.
• Cobham Limited
• Rohde & Schwarz GmbH & Co. KG
• SES S.A.
• Intelsat Ltd.
• Iridium Communications Inc.
• KVH Industries Inc.
• Comtech EF Data Corporation
• AnaCom Inc.
• Intellian Technologies Inc.
• Advantech Wireless Technologies Inc.
• Skyware Technologies Limited
• ACORDE TECHNOLOGIES S.A.
• Amplus Communication Pte. Ltd.
• ViaLite Communications LLC
• Arralis Ltd.
What Is The Most Dominant Region In The SATCOM Transceivers Market?
North America was the largest region in the SATCOM transceivers market in 2024. The regions covered in the satcom transceivers market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
