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Satellite Communication (SATCOM) Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
Report Format: PDF+Excel | Report ID: SR112023A3815
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Market Overview:
The global satellite communication (SATCOM) market is expected to exhibit a CAGR of 9.2% during 2023-2028.
Satellite communication (SATCOM) refers to the artificial satellite-based communication system to support data link channels. SATCOM facilitates the exchange of signals in the form of a beam of modulated waves between the sender and receiver antenna through a satellite. It includes a data unit, high power amplifier, antenna and a steerable beam. SATCOM transmits the information in the form of voice, audio and video formats through electromagnetic waves and carrier signals, which are amplified and sent back to the receiver antenna on the earth's surface. As a result, it finds extensive applications across industries for radio broadcasting, voice communications, navigation, remote sensing and water and weather monitoring.
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Significant growth in the aerospace and aviation industries across the globe is one of the key factors creating a positive outlook for the market. Moreover, the increasing requirement for uninterrupted communication for military and defense applications is providing a thrust to the market growth. SATCOM is widely used for wide area network (WAN) communications, cellular backhaul, internet trunking, television broadcasting and rural telephony. It is also utilized for facilitating video on demand (VoD), Voice over Internet Protocol (VoIP) and telemedicine services. Additionally, various technological advancements, such as the integration of connected devices with the Internet of Things (IoT) and the launch of portable SATCOM systems, are acting as other growth-inducing factors. These innovative systems enable the smooth functioning of autonomous and connected vehicles and the deployment of remote and terrestrial networks. Other factors, including extensive improvements in the telecommunication infrastructure, along with the increasing utilization of cloud-based services for ground mobility platforms, are anticipated to drive the market toward growth.
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Note: Information in the above chart consists of dummy data and is only shown here for representation purpose. Kindly contact us for the actual market size and trends.
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Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global satellite communication (SATCOM) market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on component, application and end use industry.
Breakup by Component:
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- Equipment
- Transmitter/Transponder
- Antenna
- Transceiver
- Receiver
- Modem/Router
- Others
- Services
Breakup by Application:
- Voice Communication
- Broadcasting
- Data Communication
Breakup by End Use Industry:
- Aerospace and Defense
- Transportation and Logistics
- Agriculture
- Government and Military
- Media and Entertainment
- Others
Breakup by Region:
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- North America
- United States
- Canada
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Brazil
- Mexico
- Others
- Middle East and Africa
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being Cobham Limited, EchoStar Corporation, General Dynamics Corporation, Gilat Satellite Networks, Honeywell International Inc., L3Harris Technologies Inc., SES S.A, SKY Perfect JSAT Holdings Inc, Telesat (Loral Space & Communications Inc.), Thuraya Telecommunications Company (Al Yah Satellite Communication Company) and Viasat Inc.
Report Coverage:
| Report Features | Details |
|---|---|
| Base Year of the Analysis | 2022 |
| Historical Period | 2017-2022 |
| Forecast Period | 2023-2028 |
| Units | US$ Billion |
| Segment Coverage | Component, Application, End Use Industry, Region |
| Region Covered | Asia Pacific, Europe, North America, Latin America, Middle East and Africa |
| Countries Covered | United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico |
| Companies Covered | Cobham Limited, EchoStar Corporation, General Dynamics Corporation, Gilat Satellite Networks, Honeywell International Inc., L3Harris Technologies Inc., SES S.A, SKY Perfect JSAT Holdings Inc, Telesat (Loral Space & Communications Inc.), Thuraya Telecommunications Company (Al Yah Satellite Communication Company) and Viasat Inc. |
| Customization Scope | 10% Free Customization |
| Report Price and Purchase Option | Single User License: US$ 2499 Five User License: US$ 3499 Corporate License: US$ 4499 |
| Post-Sale Analyst Support | 10-12 Weeks |
| Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
We expect the global Satellite Communication (SATCOM) market to exhibit a CAGR of 9.2% during 2023-2028.
The rising adoption of SATCOM systems across numerous end-use industries, such as aerospace and defense, transportation and logistics, agriculture, etc., for radio broadcasting, voice communications, navigation, remote sensing, water and weather monitoring, etc., is primarily driving the global Satellite Communication (SATCOM) market.
The sudden outbreak of the COVID-19 pandemic has led to the growing deployment of Satellite Communication (SATCOM) systems across several nations to identify the demographics of major coronavirus-infected areas through connecting databases of local geographical information.
Based on the component, the global Satellite Communication (SATCOM) market can be categorized into equipment and services. Currently, equipment holds the majority of the total market share.
Based on the application, the global Satellite Communication (SATCOM) market has been segregated into voice communication, broadcasting, and data communication. Among these, broadcasting currently exhibits a clear dominance in the market.
Based on the end use industry, the global Satellite Communication (SATCOM) market can be bifurcated into aerospace and defense, transportation and logistics, agriculture, government and military, media and entertainment, and others. Currently, the government and military industry accounts for the largest market share.
On a regional level, the market has been classified into North America, Asia-Pacific, Europe, Latin America, and Middle East and Africa, where North America currently dominates the global market.
Some of the major players in the global Satellite Communication (SATCOM) market include Cobham Limited, EchoStar Corporation, General Dynamics Corporation, Gilat Satellite Networks, Honeywell International Inc., L3Harris Technologies Inc., SES S.A, SKY Perfect JSAT Holdings Inc, Telesat (Loral Space & Communications Inc.), Thuraya Telecommunications Company (Al Yah Satellite Communication Company), and Viasat Inc.
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