Global Satellite Communication (SATCOM) Equipment Market Insights Forecasts to 2032

• The Global Satellite Communication (SATCOM) Equipment Market Size was valued at USD 21.37 Billion in 2022.
• The Market is growing at a CAGR of 9.5% from 2022 to 2032.
• The Worldwide Satellite Communication (SATCOM) Equipment Market Size is expected to reach USD 52.87 Billion by 2032.
• Asia Pacific is expected to grow the fastest during the forecast period.

 

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The Global Satellite Communication (SATCOM) Equipment Market size is anticipated to exceed USD 52.87 Billion by 2032, growing at a CAGR of 9.5% from 2022 to 2032. The growing requirement for high-speed, dependable communication networks in remote places, the rise of the commercial space industry, and the increased use of satellite technology in defense and government sectors all fuel demand for satcom equipment.            

 

Market Overview

The worldwide satellite communication (SATCOM) equipment market for space is making significant development as the number of satellites launched has increased in recent years. SATCOM equipment includes electronic gear such as amplifiers, space antennas, and transceivers that allow communication with satellites in Earth's orbit or space. The global satellite communication (SATCOM) equipment market is a growing and dynamic industry that plays an important role in facilitating global communication. The various technological devices and systems used to transmit, receive, and process satellite signals, enabling voice, data, video, and internet communications between distant locations regardless of terrestrial infrastructure limitations, are referred to as SATCOM equipment. The SATCOM equipment market has grown significantly in recent years, owing to rising demand for high-speed connectivity in a variety of industries, including telecommunications, government and defense, aerospace, maritime, media and entertainment, and emergency response services. These industries rely heavily on SATCOM for reliable communication, remote sensing, weather monitoring, navigation, and real-time data exchange.

 

Report Coverage

This research report categorizes the market for the global satellite communication (SATCOM) equipment market based on various segments and regions and forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the satellite communication (SATCOM) equipment market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the satellite communication (SATCOM) equipment market.

 

Driving Factors

The defense industry heavily relies on SATCOM equipment for secure and reliable communications, intelligence gathering, surveillance, and reconnaissance. Governments around the world invest in SATCOM infrastructure to improve their defense capabilities and ensure seamless communication during critical missions and emergency response situations. The growth in small satellite launches can be ascribed to small satellite performance improvements and miniaturization, which allow them to accomplish tasks that were previously only possible with larger spacecraft. Microelectronics and microsystems advancements have enabled small satellites to meet a wide range of applications, particularly LEO missions for scientific study, observation, remote sensing, and telecommunications. During the projected period, the demand for communication equipment on every satellite will drive the SATCOM equipment market for small satellites.

 

Restraining Factors

Government policies and regulations have a significant impact on satellite communication system deployment, especially in specific regions. Some governments may impose limitations on the use of specific frequency bands or require a license for using satellite communication systems. In some countries, for example, the government controls specific frequency bands to avoid interference with military or other government communication systems. Furthermore, for national security or other reasons, some governments may restrict satellite communication systems.

 

Market Segmentation

The Global Satellite Communication (SATCOM) Equipment Market share is classified into solution, platform, and technology.

• The products segment is expected to grow at the fastest pace in the global satellite communication (SATCOM) equipment market during the forecast period.        

The global satellite communication (SATCOM) equipment market is categorized by solution into products and services. Among these, the products segment is expected to grow at the fastest pace in the global satellite communication (SATCOM) equipment market during the forecast period. The growth can be attributed due the demand for phased-array antenna systems in naval and airborne platforms is expected to rise during the forecast period. Because of the invention of sophisticated transceivers for seamless communication and the need for uninterrupted satellite communication, the transceiver segment of SATCOM equipment has the largest share.

      

• The airborne segment is expected to hold the largest share of the global satellite communication (SATCOM) equipment market during the forecast period.

Based on the platform, the global satellite communication (SATCOM) equipment market is divided into airborne, portable, land mobile, land fixed, and maritime. Among these, the airborne segment is expected to hold the largest share of the global satellite communication (SATCOM) equipment market during the forecast period. The growth can be attributed due to the fact that North American and European countries have been focusing on upgrading and overhauling their aircraft communication systems through the use of customized SATCOM on-the-move solutions. These modernization initiatives are anticipated to boost demand for sophisticated airborne SATCOM in new aircraft. As part of retrofitting or upgrading activities, airborne SATCOM equipment can also be installed in the existing fleet.

         

• The SATCOM-on-the-move (SOTM) segment is expected to hold the largest share of the global satellite communication (SATCOM) equipment market during the forecast period.

Based on the technology, the global satellite communication (SATCOM) equipment market is divided into SOTM/COTM and SOTP. Among these, the SATCOM-on-the-move (SOTM) segment is expected to hold the largest share of the global satellite communication (SATCOM) equipment market during the forecast period. The growth of the SATCOM-on-the-move (SOTM/COTM) segment can be driven by technological advancements that incorporate lightweight, precise, and efficient systems into communication systems. SATCOM on-the-move terminals enable secure, beyond-line-of-sight communications for vehicles in motion for land, aquatic, and air applications by providing reliable, high data rate satellite communications while on the move.

 

Regional Segment Analysis of the Global Satellite Communication (SATCOM) Equipment Market

• North America (U.S., Canada, Mexico) 
• Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)
• Asia-Pacific (China, Japan, India, Rest of APAC)
• South America (Brazil and the Rest of South America) 
• The Middle East and Africa (UAE, South Africa, Rest of MEA)

 

North America accounted for the largest share of the global satellite communication (SATCOM) equipment market in 2022.

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North America accounted for the largest share of the global satellite communication (SATCOM) equipment market in 2022. The increase in the launch of satellites for 5G is attributed to the growth of the SATCOM equipment market in the United States. In Canada, increasing the ratio of small satellite launches for scientific research and development is expected to drive the market. Governments in North America are investing heavily in satellite communication infrastructure to bridge the digital divide and provide reliable communication services to remote areas.        

 

Asia Pacific is expected to grow at the fastest pace in the global satellite communication (SATCOM) equipment market during the forecast period. Rising demand for launch and early orbit support, TT&C services, and data handling and processing services is one key factor driving the Asia Pacific market. During the forecast period, the Asia Pacific SATCOM equipment market is expected to grow due to an increase in demand for telecommunications and mobile broadband services.        

 

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the global satellite communication (SATCOM) equipment along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

 

List of Key Companies

• EchoStar Corporation  
• L3Harris Technologies 
• Thales Group 
• Raytheon Technologies Corporation  
• General Dynamics Corporation
• Honeywell International Inc.
• Cobham Satcom 
• Viasat, Inc. 
• Maxar Technologies
• Antwerp Space
• Oxford Space Systems
• Airbus SE
• Others

 

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting And Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

 

Recent Developments

• In May 2023, Gilat Satellite Networks Ltd. has received a multi-million-dollar order for VSATs to support the expansion of an advanced disaster response network in Asia. The VSATs will help the national effort to improve disaster prevention and management. The network will enable secure, bandwidth-efficient voice services, video feeds, multicasts, emergency alerts, mobility services, and data services to improve governmental, individual, and first responder disaster response capabilities.

 

Market Segment

This study forecasts revenue at global, regional, and country levels from 2020 to 2032. Spherical Insights has segmented the Global Satellite Communication (SATCOM) Equipment Market based on the below-mentioned segments:

 

Global Satellite Communication (SATCOM) Equipment Market, By Solution

• Products 
• Services

 

Global Satellite Communication (SATCOM) Equipment Market, By Platform

• Airborne
• Portable
• Land Mobile
• Land Fixed
• Maritime

 

Global Satellite Communication (SATCOM) Equipment Market, By Technology

• SOTM/COTM
• SOTP

 

Global Satellite Communication (SATCOM) Equipment Market, By Vertical

• Commercial
• Government & Defense

 

Global Satellite Communication (SATCOM) Equipment Market, By Region

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • Uk
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest of Asia Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Qatar
  • South Africa
  • Rest of Middle East & Africa