Satellite Communication (SATCOM) Market Report by Component (Equipment, Services), Application (Voice Communication, Broadcasting, Data Communication), End Use Industry (Aerospace and Defense, Transportation and Logistics, Agriculture, Government and Military, Media and Entertainment, and Others), and Region 2024-2032

Satellite Communication (SATCOM) Market Report by Component (Equipment, Services), Application (Voice Communication, Broadcasting, Data Communication), End Use Industry (Aerospace and Defense, Transportation and Logistics, Agriculture, Government and Military, Media and Entertainment, and Others), and Region 2024-2032

Report Format: PDF+Excel | Report ID: SR112024A3815
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Market Overview:

The global satellite communication (SATCOM) market size is expected to exhibit a CAGR of 8.03% during 2024-2032. The significant growth in the telecommunication industry, growing demand for SATCOM in disaster management and emergency response, and extensive research and development (R&D) activities are some of the major factors propelling the market.

Report Attribute 
Key Statistics
Base Year
2023
Forecast Years
2024-2032
Historical Years
2018-2023
Market Growth Rate 2024-2032 8.03%


Satellite communication (SATCOM) refers to a wireless form of communication that utilizes artificial satellites in space to transmit and receive signals over large distances. It is comprised of several key components, such as antennas, transmitters, receivers, user terminals, monitoring systems, and network infrastructure. SATCOM is widely used in telecommunication, broadcasting, internet services, navigation, remote sensing, earth observation, military operations, scientific research, and emergency response. It provides a wide area coverage that enables efficient communication in areas where terrestrial infrastructure is absent, inadequate, or economically unviable.

Global Satellite Communication (SATCOM) Market Report

The widespread utilization of SATCOM in the maritime and aviation industries to facilitate efficient maritime and air traffic operations and enable reliable communication between ships, aircraft, and ground stations, is providing an impetus to the market growth. Furthermore, the increasing adoption of SATCOM in the agriculture industry to help in remote sensing, weather forecasting, and crop management is supporting the market growth. Apart from this, the growing demand for SATCOM in oil and gas operations to provide connectivity to offshore platforms, drilling rigs, and remote exploration sites is positively influencing the market growth. Moreover, the rising utilization of SATCOM in scientific research activities, such as space missions, deep-sea exploration, polar expeditions, and research in remote areas, is favoring the market growth. Apart from this, the widespread adoption of SATCOM in the education and healthcare industries to support distance learning programs, online education initiatives, and telemedicine consultations is contributing to the market growth. Other factors, including rapid industrialization activities, increasing demand for satellite-based surveillance, and the implementation of favorable government policies, are anticipated to drive the market growth.

Satellite Communication (SATCOM) Market Trends/Drivers:

The significant growth in the telecommunication industry

SATCOM is widely used in the telecommunication industry to provide reliable and efficient connectivity solutions. It aids in bridging the digital divide by extending telecommunication services to rural and remote areas where terrestrial infrastructure is limited or economically unviable. Furthermore, SATCOM provides broadband internet access to residential users, businesses, educational institutions, and government organizations. Moreover, it enables communication on the move, supporting mobile platforms such as ships, aircraft, and vehicles. Apart from this, SATCOM facilitates voice communication services, including long-distance calling, mobile telephony, and rural telephony, which allow users to make calls to any location worldwide, regardless of terrestrial network coverage.

The growing demand for SATCOM in disaster management and emergency response

SATCOM finds numerous applications in disaster management and emergency response efforts. It enables the rapid deployment of communication infrastructure in disaster-affected areas, ensuring seamless connectivity for emergency responders, relief organizations, and affected communities. Furthermore, SATCOM facilitates communication and coordination among various stakeholders and supports the establishment of central command centers where information can be gathered, analyzed, and disseminated to aid decision-making. Moreover, it provides emergency telephony services during disasters when terrestrial networks are disrupted, allowing affected individuals to make emergency calls to seek help, report incidents, and request assistance. In addition, SATCOM facilitates the exchange of real-time information, including sensor data, weather updates, and satellite imagery, to improve situational awareness and support relief efforts.

Extensive research and development (R&D) activities

The introduction of high-throughput satellites (HTS) that employ advanced technologies such as spot beams and frequency reuse to achieve higher data rates and capacity compared to traditional satellites, thus enabling cost-effective broadband services and high-speed internet access, is positively influencing the market growth. Furthermore, the recent development of low earth orbit (LEO) satellite constellations that provide global coverage, low latency, and improved capacity is contributing to the market growth. Moreover, the development of optical satellite communications, which utilizes laser technology for high-speed data transmission between satellites and ground stations, is providing a thrust to the market growth.

 

 
 

 

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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Satellite Communication (SATCOM) Industry Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the global satellite communication (SATCOM) market report, along with forecasts at the global, regional, and country levels from 2024-2032. Our report has categorized the market based on component, application, and end use industry.

Breakup by Component:

 

 
 

 

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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  • Equipment
    • Transmitter/Transponder
    • Antenna
    • Transceiver
    • Receiver
    • Modem/Router
    • Others
  • Services
     

Equipment dominates the satellite communication (SATCOM) market

The report has provided a detailed breakup and analysis of the satellite communication (SATCOM) market based on the component. This includes equipment (transmitter/transponder, antenna, transceiver, receiver, modem/router, and others) and services. According to the report, equipment represented the largest market segment.

Equipment is dominating the market as it is the backbone of SATCOM infrastructure. It enables the transmission and reception of signals between satellites, ground stations, and end-user terminals, which aids in ensuring reliable and efficient communication. Furthermore, SATCOM equipment enables end-users to connect to satellite networks and access satellite-based communication services in remote and underserved areas. Moreover, the recent technological advancements in SATCOM equipment to augment data transfer rates, improve power efficiency, enhance signal processing capabilities, and increase resilience to environmental conditions are positively influencing the market growth. Apart from this, the introduction of customized and specialized equipment that addresses the unique requirements of maritime, aviation, defense, emergency response, and media broadcasting industries is favoring the market growth.

Breakup by Application:

  • Voice Communication
  • Broadcasting
  • Data Communication
     

Broadcasting dominates the satellite communication (SATCOM) market

The report has provided a detailed breakup and analysis of the satellite communication (SATCOM) market based on the application. This includes voice communication, broadcasting, and data communication. According to the report, broadcasting represented the largest market segment.

Satellite communication (SATCOM) is widely used in broadcasting applications to reach large audiences across diverse geographic areas. It enables the distribution of television, radio, and multimedia content to a broad audience, transcending national boundaries. Furthermore, SATCOM allows broadcasting companies to transmit uncompressed or minimally compressed signals via satellite, which aids in superior audiovisual quality and maintaining high standards of content delivery. Apart from this, it enables direct-to-home (DTH) services, where broadcasters can transmit content directly to individual households via satellite receivers. Moreover, SATCOM offers scalability and flexibility in broadcasting operations where companies can easily expand their coverage and channel offerings by leveraging satellite infrastructure. Additionally, it allows the simultaneous transmission of multiple channels, thus providing broadcasters the ability to cater to diverse audience preferences and deliver specialized content.

Breakup by End Use Industry:

  • Aerospace and Defense
  • Transportation and Logistics
  • Agriculture
  • Government and Military
  • Media and Entertainment
  • Others
     

Government and military dominate the satellite communication (SATCOM) market

The report has provided a detailed breakup and analysis of the satellite communication (SATCOM) market based on the end use industry. This includes aerospace and defense, transportation and logistics, agriculture, government and military, media and entertainment, and others. According to the report, the government and military represented the largest market segment.

Government and military organizations widely use satellite communication (SATCOM) to provide a reliable means of communication that is less susceptible to disruptions compared to terrestrial networks. Apart from this, military personnel often operate in remote and hostile environments where SATCOM aids in establishing secure and resilient communication links, ensuring the confidentiality and integrity of sensitive information. Furthermore, the widespread utilization of SATCOM during government and military operations to provide wide-area coverage, maintain real-time situational awareness, and enhance coordination is supporting the market growth. Moreover, government agencies widely use SATCOM during emergencies, natural disasters, and humanitarian crises to provide aid, facilitate relief efforts, and ensure public safety.

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
     

North America exhibits a clear dominance in the market, accounting for the largest satellite communication (SATCOM) market share

The report has also provided a comprehensive analysis of all the major regional markets, which includes North America (the United States and Canada); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others); Latin America (Brazil, Mexico, and others); and the Middle East and Africa. According to the report, North America represented the largest market segment.

North America is dominating the satellite communication (SATCOM) market due to the presence of leading satellite manufacturers, operators, and service providers in the region that have pioneered advancements in satellite communication systems. Furthermore, North America possesses a robust infrastructure for satellite communication, including a vast network of ground stations, teleports, and data centers, which ensures reliable and efficient SATCOM services across the continent. Moreover, increasing demand for SATCOM services by defense and government agencies for various applications such as military communications, intelligence gathering, and surveillance is acting as another growth-inducing factor. Apart from this, the presence of numerous established SATCOM companies in North America leads to healthy competition, which drives companies to innovate, improve service quality, and offer competitive pricing.

Competitive Landscape:

Top companies in the satellite communication (SATCOM) market are focusing on developing advanced satellite systems, ground stations, and user terminals that will offer enhanced capabilities, such as higher bandwidth, improved data rates, and reduced latency. Furthermore, several key players are expanding their offerings beyond traditional SATCOM services to include value-added solutions, network consulting, cybersecurity, and cloud-based services. Moreover, several companies are establishing partnerships, joint ventures, or acquiring local companies to gain a foothold in different regions to expand their global footprint and attract a new customer base. Apart from this, several key players are offering customized solutions to address the unique communication requirements of maritime, aviation, defense, media and entertainment, oil and gas, transportation, and other industries.

The report has provided a comprehensive analysis of the competitive landscape in the global satellite communication (SATCOM) market. Detailed profiles of all major companies have also been provided. Some of the key players in the 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)
  • Viasat Inc

Recent Developments:

  • In March 2023, Cobham Limited received Japanese Radio Law certification for pairing SAILOR XTR VSAT antennas and the MDM3315 satellite modem, which will provide faster internet to Japanese coastal and deep sea satcom users.
  • In January 2022, General Dynamics Corporation was awarded a contract by the US Army to supply SATCOM on-the-move antennas that provide reliable, high data rate satellite communications while on the move.
  • In July 2022, Gilat Satellite Networks was awarded follow-on orders to supply additional equipment for the expansion of a defense force satellite communication (SATCOM) network in an Asian nation.

Satellite Communication (SATCOM) Market Report Scope:

Report Features Details
Base Year of the Analysis 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Units US$ Billion
Scope of the Report Exploration of Historical and Forecast Trends, Industry Catalysts and Challenges, Segment-Wise Historical and Predictive Market Assessment:
  • Component
  • Application
  • End Use Industry
  • Region
Components Covered
  • Equipment: Transmitter/Transponder, Antenna, Transceiver, Receiver, Modem/Router, Others
  • Services
Applications Covered Voice Communication, Broadcasting, Data Communication
End Use Industries Covered Aerospace and Defense, Transportation and Logistics, Agriculture, Government and Military, Media and Entertainment, Others
Regions Covered North America, Asia Pacific, Europe, 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$ 3899
Five User License: US$ 4899
Corporate License: US$ 5899
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)


Key Benefits for Stakeholders:

  • IMARC’s report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the satellite communication (SATCOM) market from 2018-2032.
  • The research study provides the latest information on the market drivers, challenges, and opportunities in the global satellite communication (SATCOM) market.
  • The study maps the leading, as well as the fastest-growing, regional markets. It further enables stakeholders to identify the key country-level markets within each region.
  • Porter's five forces analysis assist stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the satellite communication (SATCOM) industry and its attractiveness.
  • Competitive landscape allows stakeholders to understand their competitive environment and provides an insight into the current positions of key players in the market.

Key Questions Answered in This Report

We expect the global Satellite Communication (SATCOM) market to exhibit a CAGR of 8.03% during 2024-2032.

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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Satellite Communication (SATCOM) Market Report by Component (Equipment, Services), Application (Voice Communication, Broadcasting, Data Communication), End Use Industry (Aerospace and Defense, Transportation and Logistics, Agriculture, Government and Military, Media and Entertainment, and Others), and Region 2024-2032
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