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.
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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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.
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Key Questions Answered in This Report
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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