*As the coronavirus disease (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
Satellite Transponder Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026
The global satellite transponder market reached a value of US$ 19.5 Billion in 2020. Looking forward, IMARC Group expects the market to exhibit moderate growth during 2021-2026. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end-use industries. These insights are included in the report as a major market contributor.
A satellite transponder is a wireless communication device that is connected to a satellite for receiving and transmitting radio signals. Upon receiving the signal, it broadcasts it at varying frequencies that assists in the functioning of various identification, location and navigation systems such as GPS. Also, it selects different frequency values for both downlink and uplink to prevent the interference between signals. For instance, the Radio-Frequency Identification Device (RFID) transmits a coded signal upon receiving a request from a control point. The transponder output signal is tracked, and its position is continuously monitored. In addition, the input (receiver) and output (transmitter) frequencies are pre-assigned through which the device can operate over distances of thousands of miles.
The increasing demand for High Definition Television (HDTV) sets and expansion in the Ku band applications are the key factors driving the growth of the market. The growing demand for new television platforms and rising number of video broadcasting subscribers have led the service providers to utilize satellite transponders to provide end-to-end HD video transmission. Furthermore, increasing adoption rates of Ku band frequencies for data, video and voice communications have positively impacted the market growth. The Ku band utilizes satellite transponders for high-bandwidth broadcasting and communication to the subscribers. Ku-band transponders are also used extensively for various Very-Small-Aperture Terminals (VSAT), mobile backhaul (MBH) and aeronautical applications. Additionally, the widespread implementation of the device in maritime broadband, in-flight and machine-to-machine (M2M) communications has further favored the market growth. For instance, the Automatic Identification System (AIS) used in ships utilizes transponders to communicate and supplement marine radar.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global satellite transponder 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, bandwidth, service and application.
Market Breakup by Bandwidth:
Market Breakup by Service:
Maintenance and Support
Market Breakup by Application:
Market Breakup by Region:
Middle East and Africa
The report has also analysed the competitive landscape of the market with some of the key players being SES, Arabsat, Eutelsat, Intelsat, Star One, Thaicom, SKY, Perfect JSAT Corporation, Hispasat, Singtel, Telesat, etc.
The rising demand for direct-to-home (DTH) and High-Definition Television (HDTV) sets, along with the growing expansion in the Ku band applications, represent some of the key drivers for the global satellite transponder market.
Rapid development of advanced product variants in maritime broadband, in-flight, and machine-to-machine (M2M) communications represents one of the key trends in the global satellite transponder market.
Sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown regulations across several nations resulting the rising adoption of remote working models and increasing transmission of critical information across organizations, thereby augmenting the demand for satellite transponders.
On the basis of the application, the market has been bifurcated into commercial communications, government communications, navigation, remote sensing, R&D, and others. Currently, commercial communications exhibits a clear dominance in the market.