What Has Been the Growth Trajectory for the Satellite Communication (SATCOM) Equipment Market in Recent Years?
The satellite communication (satcom) equipment market has seen considerable growth due to a variety of factors.
• The rapid surge in the size of the market for satellite communication (SATCOM) equipment has been quite conspicuous in recent years. It is expected to rise from a value of $41.99 billion in 2024 to an approximate value of $47.13 billion in 2025, showing an impressive compound annual growth rate (CAGR) of 12.2%.
This significant growth during the historic period is attributable to expansion in satellite-based broadcasting, an increase in satellite communication within the military and defense sectors, growing demand for broadband connectivity, rising interest in remote sensing and earth observation, and an uptick in the usage of satellite technology in defense and government sectors.
How Does the Forecast Look for the Satellite Communication (SATCOM) Equipment Market?
The satellite communication (satcom) equipment market is expected to maintain its strong growth trajectory in upcoming years.
• Anticipated swift expansion is on the horizon for the SATCOM (Satellite Communication) equipment market. It's projected to surge to a value of $88.13 billion in 2029, boasting a compound annual growth rate (CAGR) of 16.9%.
This predicted escalation during the forecast period is likely due to several factors including the launch of high-capacity geostationary satellites, integration with 5G networks, increased demand for low earth orbit (LEO) satellite constellations, growth of satellite internet services, and emphasis on safe satellite communication. Key trends anticipated during this period involve the miniaturization of satellite communication equipment, implementation of software-defined satellite technology, hybrid solutions combining satellite and terrestrial communications, the incorporation of artificial intelligence into SATCOM systems, and utilization of high-frequency satellite bands for enhanced connectivity.
What Are The Leading Drivers Of Growth In The Satellite Communication (SATCOM) Equipment Market?
The satellite communication (SATCOM) equipment market is seeing significant growth, driven by the escalating number of mobile satellite services and small satellites. Mobile satellite services (MSS) provide bidirectional voice and data communication to individuals worldwide who are either traveling or residing in isolated areas. The continuous adoption of small and mobile satellites is growing as it provides crucial flexibility for earth science research projects. Assistance from satellite communication equipment allows small satellites to aid scientists in advancing scientific and human exploration, lowering the expenses of new space missions, and broadening space exploration accessibility. For instance, in June 2023, the Satellite Industry Association, a US-based trade establishment, stated that the Satellite Ground Segment sector accrued over $145 billion in 2022, with the prevalence of over 7 billion satellite-enabled smartphones and increasing broadband and GNSS terminals worldwide. Consequently, the growing numbers of mobile satellite services and small satellites are driving demand for the satellite communication (SATCOM) equipment market.
How Are The Segments Defined Within The Global Satellite Communication (SATCOM) Equipment Market?
The satellite communication (SATCOM) equipment market covered in this report is segmented –
1) By Satellite Type: Large Satellite (>2500 KG), Medium Satellite (501 – 2500 KG), Small Satellite (1 – 500 KG), Cubesat (0. 27 – 27 Cubic Unit Of 103 Cm)
2) By Component Type: Amplifiers, Transceivers, Space Antennas, Transponders, Other Components
3) By Application: Navigation, Scientific Research, Communication, Remote Sensing, Other Applications
4) By End-Use: Commercial, Government and Military
Subsegments:
1) By Large Satellite (>2500 KG): Geostationary Satellites, High-Throughput Satellites (HTS)
2) By Medium Satellite (501 – 2500 KG): Communication Satellites, Earth Observation Satellites
3) By Small Satellite (1 – 500 KG): Microsatellites, Nanosatellites
4) By CubeSat (0.27 – 27 Cubic Units of 10 cm): 1U CubeSat (10 cm x 10 cm x 10 cm), 3U CubeSat (10 cm x 10 cm x 30 cm), 6U CubeSat (10 cm x 20 cm x 30 cm)
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How Are New Trends Expected To Influence The Growth Of The Satellite Communication (SATCOM) Equipment Market?
Innovations in products is the emerging trend in the satellite communication equipment market. Firms dominant in the satellite communication equipment industry are focusing on devising new, innovative products and solutions to reinforce their standing. For example, Hanwha Systems, a South Korean aerospace and defense corporation, via Hanwha Phasor, its subsidiary, launched a terrestrial, marine, and man-portable version of its on-the-move (OTM) satcom antenna at the Defense & Security Equipment International (DSEI) 2023 held in London. The terrestrial variant is set to be purchasable by the end of 2024 and is deemed suitable for first responders, heavy artillery platforms, and command-and-control vehicles such as Humvees.
Who Are the Key Players in the Satellite Communication (SATCOM) Equipment Market?
Major companies operating in the satellite communication (SATCOM) equipment market include:
• SKY Perfect JSAT Holdings Inc
• L3 Technologies Inc.
• SES S. A
• Telesat LLC
• Intelsat S. A.
• Viasat Inc.
• General Dynamics Corporation
• Cobham Limited
• Thuraya Telecommunications Company
• Qualcomm Technologies Inc.
• EchoStar Corporation
• Honeywell International Inc.
• Hughes Network Systems LLC
• Boeing Company
• General Dynamics Mission Systems Inc.
• Iridium Communications Inc.
• ASELSAN A. S.
• Intellian Technologies Inc.
• Campbell Scientific Inc.
• ST Engineering iDirect Inc.
• Thales Group
• Raytheon Technologies Corporation
• Inmarsat Communications
• KVH Industries Inc.
• Orbcomm Inc.
• Cobham PLC
• Maxar Technologies Inc.
• Viking SatCom Inc.
• Kepler Communications
• Gilat Satellite Networks
• Comtech Telecommunications Corp.
• GomSpace Group AB
• NanoAvionics
• AAC Clyde Space AB
• Spaceflight Industries
• Satellogic
• Spire Global Inc.
• Planet Labs Inc.
• OneWeb Satellites
• Blue Canyon Technologies
What Is The Most Dominant Region In The Satellite Communication (SATCOM) Equipment Market?
North America was the largest region in the satellite communication (SATCOM) equipment market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the satellite communication (SATCOM) equipment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
