Satellite Communication Global Market Opportunities And Strategies To 2032

Table of Contents

1. Executive Summary

2. Table Of Contents

3. List Of Figures

4. List Of Tables

5. Report Structure

6. Introduction and Market Characteristics
6.1. General Market Definition
6.2. Summary
6.3. Satellite Communication Market Definition And Segmentations
6.4. Market Segmentation By Component
6.4.1. Transponder
6.4.2. Transceiver
6.4.3. Antenna
6.4.4. Receiver
6.4.5. Other Components
6.5. Market Segmentation By Technology
6.5.1. SATCOM Automatic Identification System
6.5.2. SATCOM VSAT
6.5.3. SATCOM On The-Move (SOTM)
6.5.4. SATCOM On The Pause (SOTP)
6.5.5. SATCOM Telemetry
6.6. Market Segmentation By Application
6.6.1. Asset Tracking/Monitoring
6.6.2. Airtime
6.6.3. Data Backup And Recovery
6.6.4. Navigation And Monitoring
6.6.5. Broadcasting
6.6.6. Drones Connectivity
6.6.7. Tele-Medicine
6.6.8. Other Applications
6.7. Market Segmentation By Vertical
6.7.1. Government And Military Applications
6.7.2. Civil Satellite Communications
6.7.3. Commercial Application
6.7.4. Other Verticals

7. Major Market Trends
7.1. Product Innovations
7.2. Technological Advancements
7.3. Very High Throughput Satellites (VHTS)
7.4. Artificial Intelligence In Radio Frequencies (RF)
7.5. Strategic Partnerships And Collaborations

8. Global Market Size and Growth
8.1. Market Size
8.2. Historic Market Growth, 2017 - 2022, Value ($ Million)
8.2.1. Market Drivers 2017 - 2022
8.2.2. Market Restraints 2017 - 2022
8.3. Forecast Market Growth, 2022 - 2027, 2032F Value ($ Million)
8.3.1. Market Drivers 2022 - 2027
8.3.2. Market Restraints 2022 - 2027

9. Global Satellite Communication Market Segmentation
9.1. Global Satellite Communication Market, Segmentation By Component, Historic And Forecast, 2017 - 2022, 2027F, 2032F, Value ($ Million)
9.2. Global Satellite Communication Market, Segmentation By Technology, Historic And Forecast, 2017 - 2022, 2027F, 2032F, Value ($ Million)
9.3. Global Satellite Communication Market, Segmentation By Application, Historic And Forecast, 2017 - 2022, 2027F, 2032F, Value ($ Million)
9.4. Global Satellite Communication Market, Segmentation By Vertical, Historic And Forecast, 2017 - 2022, 2027F, 2032F, Value ($ Million)

10. Satellite Communication Market, Regional and Country Analysis
10.1. Global Satellite Communication Market, By Region, Historic and Forecast, 2017 - 2022, 2027F, 2032F, Value ($ Million)
10.2. Global Satellite Communication Market, By Country, Historic and Forecast, 2017 - 2022, 2027F, 2032F, Value ($ Million)

11. Asia-Pacific Market
11.1. Summary
11.2. Market Overview
11.2.1. Region Information
11.2.2. Market Information
11.2.3. Background Information
11.2.4. Government Initiatives
11.2.5. Regulations
11.2.6. Regulatory Bodies
11.2.7. Major Associations
11.2.8. Taxes levied
11.2.9. Corporate Tax Structure
11.2.10. Investments
11.2.11. Major Companies
11.3. Asia-Pacific Satellite Communication Market, Historic Market Growth, 2017 - 2022, Value ($ Million)
11.4. Asia-Pacific Satellite Communication Market, Forecast Market Growth, 2022 - 2027, 2032F Value ($ Million)
11.5. Asia-Pacific Satellite Communication Market, Segmentation By Component, Historic And Forecast, 2017 - 2022, 2027F, 2032F, Value ($ Million)
11.6. Asia-Pacific Satellite Communication Market, Segmentation By Application, Historic And Forecast, 2017 - 2022, 2027F, 2032F, Value ($ Million)
11.7. Asia-Pacific Satellite Communication Market, Segmentation By Vertical, Historic And Forecast, 2017 - 2022, 2027F, 2032F, Value ($ Million)
11.8. Asia-Pacific Satellite Communication Market: Country Analysis
11.9. China Market
11.10. Summary
11.11. Market Overview
11.11.1. Country Information
11.11.2. Market Information
11.11.3. Background Information
11.11.4. Government Initiatives
11.11.5. Regulations
11.11.6. Regulatory Bodies
11.11.7. Major Associations
11.11.8. Taxes levied
11.11.9. Corporate tax structure
11.11.10. Investments
11.11.11. Major Companies
11.12. China Satellite Communication Market, Historic Market Growth, 2017 - 2022, Value ($ Million)
11.13. China Satellite Communication Market, Forecast Market Growth, 2022 - 2027, 2032F Value ($ Million)
11.14. China Satellite Communication Market, Segmentation By Component, Historic And Forecast, 2017 - 2022, 2027F, 2032F, Value ($ Million)
11.15. China Satellite Communication Market, Segmentation By Application, Historic And Forecast, 2017 - 2022, 2027F, 2032F, Value ($ Million)
11.16. China Satellite Communication Market, Segmentation By Vertical, Historic And Forecast, 2017 - 2022, 2027F, 2032F, Value ($ Million)
11.17. India Market
11.18. India Satellite Communication Market, Historic Market Growth, 2017 - 2022, Value ($ Million)
11.19. India Satellite Communication Market, Forecast Market Growth, 2022 - 2027, 2032F Value ($ Million)
11.20. India Satellite Communication Market, Segmentation By Component, Historic And Forecast, 2017 - 2022, 2027F, 2032F, Value ($ Million)
11.21. India Satellite Communication Market, Segmentation By Application, Historic And Forecast, 2017 - 2022, 2027F, 2032F, Value ($ Million)
11.22. India Satellite Communication Market, Segmentation By Vertical, Historic And Forecast, 2017 - 2022, 2027F, 2032F, Value ($ Million)
11.23. Japan Market
11.24. Japan Satellite Communication Market, Historic Market Growth, 2017 - 2022, Value ($ Million)
11.25. Japan Satellite Communication Market, Forecast Market Growth, 2022 - 2027, 2032F Value ($ Million)
11.26. Japan Satellite Communication Market, Segmentation By Component, Historic And Forecast, 2017 - 2022, 2027F, 2032F, Value ($ Million)
11.27. Japan Satellite Communication Market, Segmentation By Application, Historic And Forecast, 2017 - 2022, 2027F, 2032F, Value ($ Million)
11.28. Japan Satellite Communication Market, Segmentation By Vertical, Historic And Forecast, 2017 - 2022, 2027F, 2032F, Value ($ Million)
11.29. Australia Market
11.30. Australia Satellite Communication Market, Historic Market Growth, 2017 - 2022, Value ($ Million)
11.31. Australia Satellite Communication Market, Forecast Market Growth, 2022 - 2027, 2032F Value ($ Million)
11.32. Australia Satellite Communication Market, Segmentation By Component, Historic And Forecast, 2017 - 2022, 2027F, 2032F, Value ($ Million)
11.33. Australia Satellite Communication Market, Segmentation By Application, Historic And Forecast, 2017 - 2022, 2027F, 2032F, Value ($ Million)
11.34. Australia Satellite Communication Market, Segmentation By Vertical, Historic And Forecast, 2017 - 2022, 2027F, 2032F, Value ($ Million)
11.35. Indonesia Market
11.36. Indonesia Satellite Communication Market, Historic Market Growth, 2017 - 2022, Value ($ Million)
11.37. Indonesia Satellite Communication Market, Forecast Market Growth, 2022 - 2027, 2032F Value ($ Million)
11.38. Indonesia Satellite Communication Market, Segmentation By Component, Historic And Forecast, 2017 - 2022, 2027F, 2032F, Value ($ Million)
11.39. Indonesia Satellite Communication Market, Segmentation By Application, Historic And Forecast, 2017 - 2022, 2027F, 2032F, Value ($ Million)
11.40. Indonesia Satellite Communication Market, Segmentation By Vertical, Historic And Forecast, 2017 - 2022, 2027F, 2032F, Value ($ Million)
11.41. South Korea Market
11.42. South Korea Satellite Communication Market, Historic Market Growth, 2017 - 2022, Value ($ Million)
11.43. South Korea Satellite Communication Market, Forecast Market Growth, 2022 - 2027, 2032F Value ($ Million)
11.44. South Korea Satellite Communication Market, Segmentation By Component, Historic And Forecast, 2017 - 2022, 2027F, 2032F, Value ($ Million)
11.45. South Korea Satellite Communication Market, Segmentation By Application, Historic And Forecast, 2017 - 2022, 2027F, 2032F, Value ($ Million)
11.46. South Korea Satellite Communication Market, Segmentation By Vertical, Historic And Forecast, 2017 - 2022, 2027F, 2032F, Value ($ Million)

12. Western Europe Market
12.1. Summary
12.2. Market Overview
12.2.1. Region Information
12.2.2. Market Information
12.2.3. Background Information
12.2.4. Government Initiatives
12.2.5. Regulations
12.2.6. Regulatory Bodies
12.2.7. Major Associations
12.2.8. Taxes levied
12.2.9. Corporate tax structure
12.2.10. Investments
12.2.11. Major Companies
12.3. Western Europe Satellite Communication Market, Historic Market Growth, 2017 - 2022, Value ($ Million)
12.4. Western Europe Satellite Communication Market, Forecast Market Growth, 2022 - 2027, 2032F Value ($ Million)
12.5. Western Europe Satellite Communication Market, Segmentation By Component, Historic And Forecast, 2017 - 2022, 2027F, 2032F, Value ($ Million)
12.6. Western Europe Satellite Communication Market, Segmentation By Application, Historic And Forecast, 2017 - 2022, 2027F, 2032F, Value ($ Million)
12.7. Western Europe Satellite Communication Market, Segmentation By Vertical, Historic And Forecast, 2017 - 2022, 2027F, 2032F, Value ($ Million)
12.8. Western Europe Satellite Communication Market: Country Analysis
12.9. UK Market
12.10. UK Satellite Communication Market, Historic Market Growth, 2017 - 2022, Value ($ Million)
12.11. UK Satellite Communication Market, Forecast Market Growth, 2022 - 2027, 2032F Value ($ Million)
12.12. UK Satellite Communication Market, Segmentation By Component, Historic And Forecast, 2017 - 2022, 2027F, 2032F, Value ($ Million)
12.13. UK Satellite Communication Market, Segmentation By Application, Historic And Forecast, 2017 - 2022, 2027F, 2032F, Value ($ Million)
12.14. UK Satellite Communication Market, Segmentation By Vertical, Historic And Forecast, 2017 - 2022, 2027F, 2032F, Value ($ Million)
12.15. Germany Market
12.16. Germany Satellite Communication Market, Historic Market Growth, 2017 - 2022, Value ($ Million)
12.17. Germany Satellite Communication Market, Forecast Market Growth, 2022 - 2027, 2032F Value ($ Million)
12.18. Germany Satellite Communication Market, Segmentation By Component, Historic And Forecast, 2017 - 2022, 2027F, 2032F, Value ($ Million)
12.19. Germany Satellite Communication Market, Segmentation By Application, Historic And Forecast, 2017 - 2022, 2027F, 2032F, Value ($ Million)
12.20. Germany Satellite Communication Market, Segmentation By Vertical, Historic And Forecast, 2017 - 2022, 2027F, 2032F, Value ($ Million)
12.21. France Market
12.22. France Satellite Communication Market, Historic Market Growth, 2017 - 2022, Value ($ Million)
12.23. France Satellite Communication Market, Forecast Market Growth, 2022 - 2027, 2032F Value ($ Million)
12.24. France Satellite Communication Market, Segmentation By Component, Historic And Forecast, 2017 - 2022, 2027F, 2032F, Value ($ Million)
12.25. France Satellite Communication Market, Segmentation By Application, Historic And Forecast, 2017 - 2022, 2027F, 2032F, Value ($ Million)
12.26. France Satellite Communication Market, Segmentation By Vertical, Historic And Forecast, 2017 - 2022, 2027F, 2032F, Value ($ Million)

13. Eastern Europe Market
13.1. Summary
13.2. Market Overview
13.2.1. Region Information
13.2.2. Market Information
13.2.3. Background Information
13.2.4. Government Initiatives
13.2.5. Regulations
13.2.6. Regulatory Bodies
13.2.7. Major Associations
13.2.8. Taxes Levied
13.2.9. Corporate Tax Structure
13.2.10. Investments
13.2.11. Major Companies
13.3. Eastern Europe Satellite Communication Market, Historic Market Growth, 2017 - 2022, Value ($ Million)
13.4. Eastern Europe Satellite Communication Market, Forecast Market Growth, 2022 - 2027, 2032F Value ($ Million)
13.5. Eastern Europe Satellite Communication Market, Segmentation By Component, Historic And Forecast, 2017 - 2022, 2027F, 2032F, Value ($ Million)
13.6. Eastern Europe Satellite Communication Market, Segmentation By Application, Historic And Forecast, 2017 - 2022, 2027F, 2032F, Value ($ Million)
13.7. Eastern Europe Satellite Communication Market, Segmentation By Vertical, Historic And Forecast, 2017 - 2022, 2027F, 2032F, Value ($ Million)
13.8. Eastern Europe Satellite Communication Market: Country Analysis
13.9. Russia Market
13.10. Russia Satellite Communication Market, Historic Market Growth, 2017 - 2022, Value ($ Million)
13.11. Russia Satellite Communication Market, Forecast Market Growth, 2022 - 2027, 2032F Value ($ Million)
13.12. Russia Satellite Communication Market, Segmentation By Component, Historic And Forecast, 2017 - 2022, 2027F, 2032F, Value ($ Million)
13.13. Russia Satellite Communication Market, Segmentation By Application, Historic And Forecast, 2017 - 2022, 2027F, 2032F, Value ($ Million)
13.14. Russia Satellite Communication Market, Segmentation By Vertical, Historic And Forecast, 2017 - 2022, 2027F, 2032F, Value ($ Million)

14. North America Market
14.1. Summary
14.2. Market Overview
14.2.1. Region Information
14.2.2. Market Information
14.2.3. Background Information
14.2.4. Government Initiatives
14.2.5. Regulations
14.2.6. Regulatory Bodies
14.2.7. Major Associations
14.2.8. Taxes Levied
14.2.9. Corporate Tax Structure
14.2.10. Investments
14.2.11. Major Companies
14.3. North America Satellite Communication Market, Historic Market Growth, 2017 - 2022, Value ($ Million)
14.4. North America Satellite Communication Market, Forecast Market Growth, 2022 - 2027, 2032F Value ($ Million)
14.5. North America Satellite Communication Market, Segmentation By Component, Historic And Forecast, 2017 - 2022, 2027F, 2032F, Value ($ Million)
14.6. North America Satellite Communication Market, Segmentation By Application, Historic And Forecast, 2017 - 2022, 2027F, 2032F, Value ($ Million)
14.7. North America Satellite Communication Market, Segmentation By Vertical, Historic And Forecast, 2017 - 2022, 2027F, 2032F, Value ($ Million)
14.8. North America Satellite Communication Market: Country Analysis
14.9. USA Market
14.10. Summary
14.11. Market Overview
14.11.1. Country Information
14.11.2. Market Information
14.11.3. Background Information
14.11.4. Government Initiatives
14.11.5. Regulations
14.11.6. Regulatory Bodies
14.11.7. Major Associations
14.11.8. Taxes Levied
14.11.9. Corporate Tax Structure
14.11.10. Investments
14.11.11. Major Companies
14.12. USA Satellite Communication Market, Historic Market Growth, 2017 - 2022, Value ($ Million)
14.13. USA Satellite Communication Market, Forecast Market Growth, 2022 - 2027, 2032F Value ($ Million)
14.14. USA Satellite Communication Market, Segmentation By Component, Historic And Forecast, 2017 - 2022, 2027F, 2032F, Value ($ Million)
14.15. USA Satellite Communication Market, Segmentation By Application, Historic And Forecast, 2017 - 2022, 2027F, 2032F, Value ($ Million)
14.16. USA Satellite Communication Market, Segmentation By Vertical, Historic And Forecast, 2017 - 2022, 2027F, 2032F, Value ($ Million)

15. South America Market
15.1. Summary
15.2. Market Overview
15.2.1. Region Information
15.2.2. Market Information
15.2.3. Background Information
15.2.4. Government Initiatives
15.2.5. Regulations
15.2.6. Regulatory Bodies
15.2.7. Major Associations
15.2.8. Taxes Levied
15.2.9. Corporate Tax Structure
15.2.10. Investments
15.2.11. Major Companies
15.3. South America Satellite Communication Market, Historic Market Growth, 2017 - 2022, Value ($ Million)
15.4. South America Satellite Communication Market, Forecast Market Growth, 2022 - 2027, 2032F Value ($ Million)
15.5. South America Satellite Communication Market, Segmentation By Component, Historic And Forecast, 2017 - 2022, 2027F, 2032F, Value ($ Million)
15.6. South America Satellite Communication Market, Segmentation By Application, Historic And Forecast, 2017 - 2022, 2027F, 2032F, Value ($ Million)
15.7. South America Satellite Communication Market, Segmentation By Vertical, Historic And Forecast, 2017 - 2022, 2027F, 2032F, Value ($ Million)
15.8. South America Satellite Communication Market: Country Analysis
15.9. Brazil Market
15.10. Brazil Satellite Communication Market, Historic Market Growth, 2017 - 2022, Value ($ Million)
15.11. Brazil Satellite Communication Market, Forecast Market Growth, 2022 - 2027, 2032F Value ($ Million)
15.12. Brazil Satellite Communication Market, Segmentation By Component, Historic And Forecast, 2017 - 2022, 2027F, 2032F, Value ($ Million)
15.13. Brazil Satellite Communication Market, Segmentation By Application, Historic And Forecast, 2017 - 2022, 2027F, 2032F, Value ($ Million)
15.14. Brazil Satellite Communication Market, Segmentation By Vertical, Historic And Forecast, 2017 - 2022, 2027F, 2032F, Value ($ Million)

16. Middle East Market
16.1. Summary
16.2. Market Overview
16.2.1. Region Information
16.2.2. Market Information
16.2.3. Background Information
16.2.4. Government Initiatives
16.2.5. Regulations
16.2.6. Regulatory Bodies
16.2.7. Major Associations
16.2.8. Taxes Levied
16.2.9. Corporate Tax Structure
16.2.10. Investments
16.2.11. Major Companies
16.3. Middle East Satellite Communication Market, Historic Market Growth, 2017 - 2022, Value ($ Million)
16.4. Middle East Satellite Communication Market, Forecast Market Growth, 2022 - 2027, 2032F Value ($ Million)
16.5. Middle East Satellite Communication Market, Segmentation By Component, Historic And Forecast, 2017 - 2022, 2027F, 2032F, Value ($ Million)
16.6. Middle East Satellite Communication Market, Segmentation By Application, Historic And Forecast, 2017 - 2022, 2027F, 2032F, Value ($ Million)
16.7. Middle East Satellite Communication Market, Segmentation By Vertical, Historic And Forecast, 2017 - 2022, 2027F, 2032F, Value ($ Million)

17. Africa Market
17.1. Summary
17.2. Market Overview
17.2.1. Region Information
17.2.2. Market Information
17.2.3. Background information
17.2.4. Government Initiatives
17.2.5. Regulations
17.2.6. Regulatory Bodies
17.2.7. Major Associations
17.2.8. Taxes Levied
17.2.9. Corporate Tax Structure
17.2.10. Investments
17.2.11. Major Companies
17.3. Africa Satellite Communication Market, Historic Market Growth, 2017 - 2022, Value ($ Million)
17.4. Africa Satellite Communication Market, Forecast Market Growth, 2022 - 2027, 2032F Value ($ Million)
17.5. Africa Satellite Communication Market, Segmentation By Component, Historic And Forecast, 2017 - 2022, 2027F, 2032F, Value ($ Million)
17.6. Africa Satellite Communication Market, Segmentation By Application, Historic And Forecast, 2017 - 2022, 2027F, 2032F, Value ($ Million)
17.7. Africa Satellite Communication Market, Segmentation By Vertical, Historic And Forecast, 2017 - 2022, 2027F, 2032F, Value ($ Million)

18. Competitive Landscape And Company Profiles
18.1. Company Profiles
18.2. Thales Group
18.2.1. Company Overview
18.2.2. Products And Services
18.2.3. Business Strategy
18.2.4. Financial Overview
18.3. Honeywell International Inc
18.3.1. Company Overview
18.3.2. Products And Services
18.3.3. Business Strategy
18.3.4. Financial Overview
18.4. L3Harris Technologies, Inc
18.4.1. Company Overview
18.4.2. Products And Services
18.4.3. Business Strategy
18.4.4. Financial Overview
18.5. Viasat, Inc
18.5.1. Company Overview
18.5.2. Products And Services
18.5.3. Business Strategy
18.5.4. Financial Overview
18.6. Cobham Limited
18.6.1. Company Overview
18.6.2. Products And Services
18.6.3. Business Strategy
18.6.4. Financial Overview

19. Key Mergers and Acquisitions
19.1. Anuvu Acquired Signal Mountain
19.2. Marlink Acquired Hellenic Radio Services
19.3. HISPASAT Acquired AXESS Networks
19.4. ACR Group Corporation Acquired Blue Sky Network
19.5. Kongsberg Acquired NanoAvionics
19.6. BAE Systems Acquired In-Space Missions
19.7. Viasat Inc Acquired Inmarsat
19.8. Phantom Space Corp Acquired Micro Aerospace Solutions (MAS)
19.9. Electro Optic Systems Holdings Limited (EOS) Acquired Audacy Corporation

20. Opportunities And Strategies
20.1. Global Satellite Communication Market In 2027 - Countries Offering Most New Opportunities
20.2. Global Satellite Communication Market In 2027 - Segments Offering Most New Opportunities
20.3. Global Satellite Communication Market In 2027 - Growth Strategies
20.3.1. Market Trend Based Strategies
20.3.2. Competitor Strategies

21. Satellite Communication Market, Conclusions And Recommendations
21.1. Conclusions
21.2. Recommendations
21.2.1. Product
21.2.2. Place
21.2.3. Price
21.2.4. Promotion
21.2.5. People

22. Appendix
22.1. Market Data Sources
22.2. Research Methodology
22.3. Currencies
22.4. About the Publisher
22.5. Copyright and Disclaimer

Executive Summary

This report describes and explains the satellite communication market and covers 2017 to 2022, termed the historic period, and 2022 to 2027 termed the forecast period, along with further forecasts for the period 2027-2032. The report evaluates the market across each region and for the major economies within each region.

The global satellite communication market reached a value of nearly $53,083.8 million in 2022, having grown at a compound annual growth rate (CAGR) of 6.5% since 2017. The market is expected to grow from $53,083.8 million in 2022 to $83,680.3 million in 2027 at a rate of 9.5%. The market is then expected to grow at a CAGR of 11.4% from 2027 and reach $143,872.3 million in 2032.

Growth in the historic period resulted from emerging markets growth, increasing investments in satellites and launch of advanced low earth orbit satellites. Factors that negatively affected growth in the historic period was political uncertainties and geopolitical tensions, shorter operational lifetime and space waste, volatile raw material prices and effect of COVID-19 on companies and global recession.

Going forward, Increasing Investment In low earth orbit satellites, robust government support, growing demand for telecommunication, growing investments in the space sector and increasing number of satellite launches will drive the growth. Factors that could hinder the growth of the satellite communication market in the future include shortage of skilled labor and stringent compliance and certification requirements.

The satellite communication market is segmented by component into transponder, transceiver, antenna, receiver and other components. The transceiver market was the largest segment of the satellite communication market segmented by component, accounting for 40.4% of the total in 2022. Going forward, the transceiver segment is expected to be the fastest growing segment in the satellite communication market segmented by component, at a CAGR of 9.9% during 2022-2027.

The satellite communication market is also segmented by technology into SATCOM automatic identification system, SATCOM VSAT, SATCOM on the-move (SOTM), SATCOM on the pause (SOTP) and SATCOM telemetry. The SATCOM on the-move (SOTM) market was the largest segment of the satellite communication market segmented by technology, accounting for 45.0% of the total in 2022. Going forward, the SATCOM on the-move (SOTM) segment is expected to be the fastest growing segment in the satellite communication market segmented by technology, at a CAGR of 9.8% during 2022-2027.

The satellite communication market is also segmented by application into asset tracking/monitoring, airtime, data backup and recovery, navigation and monitoring, broadcasting, drones’ connectivity, tele-medicine and other applications. The broadcasting market was the largest segment of the satellite communication market segmented by application, accounting for 24.0% of the total in 2022. Going forward, the broadcasting segment is expected to be the fastest growing segment in the satellite communication market segmented by application, at a CAGR of 10.0% during 2022-2027.

The satellite communication market is also segmented by vertical into government and military applications, civil satellite communications, commercial application and other verticals. The commercial application market was the largest segment of the satellite communication market segmented by vertical, accounting for 82.1% of the total in 2022. Going forward, the commercial application segment is expected to be the fastest growing segment in the satellite communication market segmented by vertical, at a CAGR of 9.7% during 2022-2027.

North America was the largest region in the satellite communication market, accounting for 31.3% of the total in 2022. It was followed by Asia Pacific, Western Europe and then the other regions. Going forward, the fastest-growing regions in the satellite communication market will be Asia Pacific and Middle East where growth will be at CAGRs of 11.2% and 10.1% respectively. These will be followed by North America and Africa where the markets are expected to grow at CAGRs of 9.3% and 9.2% respectively.

The global satellite communication market is highly fragmented, with a large number of small players. The top ten competitors in the market made up to 5.06% of the total market in 2021. The competition in the market is increasing as more governments and companies explore the potential of satellite communication for various applications. In addition to this, innovation through research and competitive pricing will help the satellite manufacturers to tap into this high potential market in the future. Thales Group was the largest competitor with 1.49% share of the market, followed by Honeywell International Inc with 1.15%, L3Harris Technologies, Inc. with 0.93%, Viasat, Inc. with 0.75%, Cobham Limited with 0.32%, Gilat Satellite Networks Ltd. with 0.16%, Baylin Technologies with 0.09%, Al Yah Satellite Communication Company PJSC (Yahsat) with 0.06%, KVH Industries, Inc. with 0.06% and Iridium Communications Inc. with 0.05%.

The top opportunities in the satellite communication market segmented by component will arise in the transceiver segment, which will gain $12,892.5 million of global annual sales by 2027. The top opportunities in the satellite communication market segmented by technology will arise in the SATCOM on the-move (SOTM) segment, which will gain $14,194.7 million of global annual sales by 2027. The top opportunities in the satellite communication market segmented by application will arise in the broadcasting segment, which will gain $7,832.4 million of global annual sales by 2027. The top opportunities in the satellite communication market segmented by vertical will arise in the commercial application segment, which will gain $25,504.6 million of global annual sales by 2027. The satellite communication market size will gain the most in the USA at $8,611.0 million.

Market-trend-based strategies for the satellite communication market includes product innovations, technological advancements, focus on investing in very high throughput satellites (VHTS), use of artificial intelligence in radio frequencies (RF) and focus on strategic partnerships and collaborations.

Player-adopted strategies in the satellite communication market includes strengthening business operations through the launch of new products and solutions, expanding operational capabilities and strengthening business operations through strategic acquisitions.

To take advantage of the opportunities, the publisher recommends the satellite communication companies to focus on innovative products, focus on technological advancements, focus on very high throughput satellites (VHTS), expand in emerging markets, continue to focus on developed markets, focus on partnerships and collaborations, provide competitively priced offerings, participate in trade shows and events, continue to use B2B promotions, continue to target fast-growing end-use verticals, focus on fast-growing applications.

Companies Mentioned

• Thales Group
• Honeywell International Inc
• L3Harris Technologies, Inc.
• Viasat, Inc.
• Cobham Limited