The global market for Satellite Communication (SATCOM) Equipment was valued at an estimated US$21.6 Billion in 2023 and is projected to reach US$42.6 Billion by 2030, growing at a CAGR of 10.2% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.
The growth in the SATCOM equipment market is driven by several factors, including the increasing demand for high-speed internet connectivity, the expansion of satellite-based services, and advancements in satellite and communication technologies. The proliferation of connected devices and the need for reliable communication networks in remote and rural areas have spurred the demand for SATCOM solutions.
The deployment of next-generation satellite constellations, such as those in LEO, has further enhanced the capacity and performance of SATCOM networks, driving the need for advanced ground equipment. Additionally, the rising use of SATCOM in military and defense applications, as well as in disaster response and emergency communications, has bolstered market growth. Regulatory initiatives promoting the expansion of broadband services and the growing investment in satellite infrastructure are also key factors contributing to the robust growth of the SATCOM equipment market, highlighting its critical role in global communications and technological advancement.
The growth in the SATCOM equipment market is driven by several factors, including the increasing demand for high-speed internet connectivity, the expansion of satellite-based services, and advancements in satellite and communication technologies. The proliferation of connected devices and the need for reliable communication networks in remote and rural areas have spurred the demand for SATCOM solutions.
The deployment of next-generation satellite constellations, such as those in LEO, has further enhanced the capacity and performance of SATCOM networks, driving the need for advanced ground equipment. Additionally, the rising use of SATCOM in military and defense applications, as well as in disaster response and emergency communications, has bolstered market growth. Regulatory initiatives promoting the expansion of broadband services and the growing investment in satellite infrastructure are also key factors contributing to the robust growth of the SATCOM equipment market, highlighting its critical role in global communications and technological advancement.
Key Insights:
- Market Growth: Understand the significant growth trajectory of the LEO Orbit segment, which is expected to reach US$35.9 Billion by 2030 with a CAGR of a 10.3%. The MEO / GEO Orbit segment is also set to grow at 9.9% CAGR over the analysis period.
- Regional Analysis: Gain insights into the U.S. market, estimated at $8.6 Billion in 2023, and China, forecasted to grow at an impressive 11.7% CAGR to reach $4.0 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.
Why You Should Buy This Report:
- Detailed Market Analysis: Access a thorough analysis of the Global Satellite Communication (SATCOM) Equipment Market, covering all major geographic regions and market segments.
- Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
- Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Satellite Communication (SATCOM) Equipment Market.
- Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.
Key Questions Answered:
- How is the Global Satellite Communication (SATCOM) Equipment Market expected to evolve by 2030?
- What are the main drivers and restraints affecting the market?
- Which market segments will grow the most over the forecast period?
- How will market shares for different regions and segments change by 2030?
- Who are the leading players in the market, and what are their prospects?
Report Features:
- Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2023 to 2030.
- In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
- Company Profiles: Coverage of major players such as Airbus SE, Ball Aerospace & Technologies Corporation, China Aerospace Science and Technology Corporation (CASC), and more.
- Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.
Select Competitors (Total 98 Featured):
- Airbus SE
- Ball Aerospace & Technologies Corporation
- China Aerospace Science and Technology Corporation (CASC)
- EchoStar Corporation
- General Dynamics Mission Systems, Inc.
- Honeywell International Inc.
- Intelsat US LLC
- ISIS - Innovative Solutions in Space B.V.
- L3Harris Technologies Inc.
- Mitsubishi Electric Corporation
- Oxford Space Systems
- RTX Corporation
- SES S.A.
- SKY Perfect JSAT Corporation
- Thales Group
- Thuraya Telecommunications Company
- Viasat, Inc.
Table of Contents
I. METHODOLOGYII. EXECUTIVE SUMMARY2. FOCUS ON SELECT PLAYERSIII. MARKET ANALYSISCANADAJAPANCHINAFRANCEGERMANYITALYUNITED KINGDOMREST OF EUROPEREST OF WORLDIV. COMPETITION
1. MARKET OVERVIEW
3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE
UNITED STATES
EUROPE
ASIA-PACIFIC
Companies Mentioned
- Airbus SE
- Ball Aerospace & Technologies Corporation
- China Aerospace Science and Technology Corporation (CASC)
- EchoStar Corporation
- General Dynamics Mission Systems, Inc.
- Honeywell International Inc.
- Intelsat US LLC
- ISIS - Innovative Solutions in Space B.V.
- L3Harris Technologies Inc.
- Mitsubishi Electric Corporation
- Oxford Space Systems
- RTX Corporation
- SES S.A.
- SKY Perfect JSAT Corporation
- Thales Group
- Thuraya Telecommunications Company
- Viasat, Inc.
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 515 |
| Published | July 2024 |
| Forecast Period | 2023 - 2030 |
| Estimated Market Value ( USD | $ 21.6 Billion |
| Forecasted Market Value ( USD | $ 42.6 Billion |
| Compound Annual Growth Rate | 10.2% |
| Regions Covered | Global |
| No. of Companies Mentioned | 17 |
