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The global satellite communication (SATCOM) market exhibited moderate growth during 2015-2020. 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. Looking forward, IMARC Group expects the global satellite communication (SATCOM) market to grow at a CAGR of around 8% during the forecast period (2021-2026).
IMARC Group provides an analysis of the key trends in each sub-segment of the global satellite communication (SATCOM) market report, along with forecasts for growth at the global, regional and country level from 2021-2026. Our report has categorized the market based on region, component, application and end use industry.
Breakup by Component:
Breakup by Application:
Breakup by End Use Industry:
Breakup by Region:
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.
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