The Satellite Communication Industry ( SATCOM) assiduity size was valued at USD27.56 billion in
- It's projected to grow from USD29.98 billion in 2022 to USD56.74 billion by 2029 at a CAGR
of9.4 during the cast period. The assiduity is anticipated to grow remarkably well due to the growing
number of space disquisition conditioning over the period stated this in a report named," Satellite
Communication(SATCOM) Industry, 2022- 2029."
Rising Relinquishment of Better Bias Drives Transceiver Segment
Grounded on element, the assiduity is distributed into transmitter/ transponder, transceiver, antenna,
receiver, and others. The transceiver member will dominate due to the rising relief of receivers and
transmitters with better transceiver systems. Surging Demand for DTH Services and Internet from
End- druggies Will Favor Broadcasting.
In terms of operation, the assiduity is classified into remote seeing, military operations and
navigations, rainfall monitoring, broadcasting, and others. The broadcasting member is anticipated to
rule the assiduity due to the surging demand for DTH services and internet from end- druggies.
Rising Use of Satellite Communication in the Telecommunication Industry Spurs Product Demand
With respects to end- stoner, the assiduity is bifurcated into marketable and government & defense.
The marketable member is anticipated to show advanced growth due to the rising use of satellite
communication in the telecommunication assiduity.
The report provides perceptivity into the indigenous analysis covering different regions, contributing
to the assiduity's growth. The report includes qualitative and quantitative analysis of several factors
similar as the crucial motorists and conditions that will impact the assiduity. espousing strategies by
major players to introduce hookups, collaboration, and new products will contribute to the assiduity's
Motorists and conditions
Rising Technological Development of Small Satellites in the Aviation Assiduity to Energy Product
Demand Due to technological developments of small satellites in ground operation, the demand for
the product rose. likewise, the rising demand for data analytics, pall computing, and artificial
intelligence will goad product demand. Meanwhile, security enterprises related to the sustainability of
satellite systems could stymie the Satellite Communication( SATCOM) assiduity growth.
Rising Government Spending on Military Networks Nurtures Growth in North America
North America held a significant grip on the global Satellite Communication( SATCOM) assiduity
share during the projected period due to rising government spending on military and communication
networks across the region.
Asia Pacific is projected to showcase exponential growth during the cast period due to the expansion
in use of satellite antennas in the telecommunication, aeronautics, and IT diligence.
Europe is seen to have decent demand due to rapid-fire enhancement in structure modernization
systems and the growing number of space disquisition conditioning.
Several titans are Investing in Space Exploration Conditioning to Strengthen their Position
The assiduity's crucial players are continuously planting accession strategies to strengthen their
customer base. For illustration, in June 2022, Viasat, a satellite dispatches establishment, approved
the proposed accession of Britain's Satellite communication with an end to connect the world
Key Industry Development
May 2022- UltiSatInc. and Cobham Satcom blazoned the signing of a strategic distributor and
integrator agreement to expand their assiduity reach.
List of the Companies Penciled in the Report
- Qualcomm Technologies,Inc.(U.S.)
- KVH diligence,Inc.(U.S.)
- Cobham Limited(U.K.)
- Dispatches and Power Technologies(U.S.)
- Honeywell InternationalInc.(U.S.)
- Inmarsat Global Limited(U.K)
- Iridium DispatchesInc.(U.S.)
- L3Harris Technologies,Inc.(U.S.)