Space Ground Station Equipment Global Market Report 2024

The space ground station equipment market has grown strongly in recent years. It will grow from $9.49 billion in 2023 to $10.35 billion in 2024 at a compound annual growth rate (CAGR) of 9.0%. The growth observed in the historical period can be ascribed to several key factors, including the expansion of satellite communication, the proliferation of satellite constellations, advancements in earth observation and remote sensing technologies, increased participation in scientific and space exploration missions, and the growth of commercial satellite services.

The space ground station equipment market is expected to see strong growth in the next few years. It will grow to $14.66 billion in 2028 at a compound annual growth rate (CAGR) of 9.1%.The anticipated growth in the forecast period can be linked to several factors, including the emergence of the small satellite market, the proliferation of satellite mega-constellations, the escalating challenges of space traffic and its management, the deployment of global 5G networks from space, and the continued advancement of government and defense space programs. Key trends expected in the forecast period involve the adoption of cloud-based ground stations, an increased emphasis on cybersecurity measures, the incorporation of deep learning for signal processing, the integration of automated tracking and telemetry systems, and the rise of interoperable ground station architectures. These trends are poised to significantly influence the trajectory of the space industry in the coming years.

The burgeoning demand for satellite communication networks is poised to drive the expansion of the space ground station equipment market. Satellite communication networks, facilitating information transmission through transponders, have witnessed significant growth, with a notable surge of 71.12% in communication network satellites from December 2020 to March 2022, reaching a total of 3135 satellites, as reported by Pixalytics Ltd., a UK-based earth observation company. This escalating demand underscores the pivotal role of space ground station equipment in monitoring satellite locations and managing key systems such as propulsion and thermal control.

The space ground station equipment market is set to experience growth propelled by the increasing adoption of the Internet of Things (IoT). The IoT, characterized by the interconnectivity of physical devices, vehicles, and appliances embedded with sensors and network capabilities, relies on space ground station equipment for efficient data transfer between IoT devices and satellite networks. Dataprot, a Serbia-based cybersecurity solutions company, projects a substantial increase in active IoT devices, from over ten billion in 2021 to an anticipated 25.4 billion by 2030, emphasizing the pivotal role of space ground station equipment in supporting the expanding IoT ecosystem. In essence, the rising demand for both satellite communication networks and IoT applications is positioning the space ground station equipment market for robust growth in the foreseeable future.

The space ground station equipment market is witnessing a notable trend characterized by the adoption of advanced technologies, with companies actively incorporating innovation to maintain their market positions. A prime example is Terrasat Communications, a US-based company specializing in RF solutions for Satellite Communications systems. In April 2021, the company introduced Cyber Hardened Intelligent BUCs, showcasing its commitment to security management. These new IBUCs feature encrypted authentication, privacy controls, and access control mechanisms, ensuring end-to-end message delivery by mitigating risks such as session hijacking, password attacks, and eavesdropping.

Leading players in the space ground station equipment market are embracing innovative strategies to launch 12 ground stations by 2024. The objective is to provide comprehensive solutions for downstream data transmitted by satellites, establishing a global network for efficient data delivery. This initiative enables customers to schedule satellite passes and download data through a user-friendly web-based interface. Contec, a South Korea-based aerospace component manufacturer, exemplifies this approach, having launched ground stations in August 2021. These stations aim to deliver holistic solutions for downstream satellite data, facilitating efficient data delivery and offering additional services such as satellite image processing and applications.

In March 2021, Comtech Telecommunications Corporation, a US-based satellite telecommunication company, executed an undisclosed acquisition of UHP Networks Inc., a Canada-based satellite communication service company. This strategic move aligns with Comtech's goal of providing international clients with reliable and cutting-edge wireless communication solutions. UHP Networks Inc specializes in manufacturing advanced VSAT equipment and solutions, complementing Comtech's commitment to delivering state-of-the-art communication services. This acquisition enhances Comtech's capabilities in meeting the evolving needs of its global client base.

Major companies operating in the space ground station equipment market report are EchoStar Corporation, AAC Clyde Space, Comtech Telecommunication Corporation, Analog Devices Inc., GomSpace, Infostellar Inc., Inmarsat Global Limited, Kongsberg Satellite Services AS, Marlink Gmbh, Swedish Space Corporation, Thales Group, Viasat Inc., Gilat Satellite Networks, Harris Corporation, Kratos Defense & Security Solutions Inc., VT iDirect Inc., Advantech Wireless Technologies Inc., Norsat International Inc., Terrasat Communications Inc., Iridium Communications Inc., Orbcomm Inc., Globalstar Inc., Speedcast International Limited, Northrop Grumman Corporation, L3Harris Technologies Inc., General Dynamics Corporation, Raytheon Technologies Corporation, Lockheed Martin Corporation, Space Exploration Technologies Corp., Hughes Network Systems LLC.

North America was the largest region in the space ground station equipment market in 2023. Asia-Pacific is expected to be the fastest-growing region in the global space ground station equipment market report during the forecast period. The regions covered in the space ground station equipment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the space ground station equipment market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

Two main categories of space ground station equipment include consumer equipment and network equipment. Consumer equipment refers to electronic devices designed for regular use, typically in home environments. In the context of space ground station equipment, consumer equipment specifically denotes the technology utilized to establish connections between consumer devices and satellite communication networks. These satellite communication services encompass fixed satellite services and mobile satellite services, applied in diverse fields such as communication, earth observation, and navigation. The end-users of these services span consumer markets, government and military applications, commercial enterprises, and various other industries.

The space ground station equipment market research report provides space ground station equipment market statistics, including space ground station equipment industry global market size, regional shares, competitors with an space ground station equipment market share, detailed space ground station equipment market segments, market trends and opportunities, and any further data you may need to thrive in the space ground station equipment industry. This space ground station equipment market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The space ground station equipment market includes revenues earned by entities by allowing data to be sent and received from Earth via satellites, developing and maintaining satellite infrastructure. The market value includes the value of related goods sold by the service provider or included within the service offering. The space ground station equipment market also includes sales of a waveguide, receiver, feed horn, and reception antenna, UHF/VHF antennas, telemetry receivers, transceivers. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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