Satellite Communication Satcom Equipment Market
PUBLISHED: 2024 ID: SMRC26293
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Satellite Communication Satcom Equipment Market

Satellite Communication (SATCOM) Equipment Market Forecasts to 2030 - Global Analysis By Product (Satellite Phones, SATCOM Transceivers, SATCOM Antennas, Modems/Routers, SATCOM Terminals, SATCOM Receivers, SATCOM Amplifiers, Gateways & Hubs and Other Products), Frequency Band, Technology, Application, End User and By Geography

4.2 (67 reviews)
4.2 (67 reviews)
Published: 2024 ID: SMRC26293

This report covers the impact of COVID-19 on this global market
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"According to Stratistics MRC, the Global Satellite Communication (SATCOM) Equipment Market is accounted for $24.76 billion in 2024 and is expected to reach $40.38 billion by 2030 growing at a CAGR of 13.5% during the forecast period. Satellite Communication (SATCOM) Equipment refers to the hardware and systems designed to facilitate communication between ground-based stations and satellites in orbit. These devices enable the transmission and reception of data, voice, and video signals over vast distances, bypassing traditional terrestrial infrastructure limitations. These systems play a crucial role in various fields enabling global connectivity and facilitating data exchange across borders and remote regions.

According to studies by the EMEA Satellite Operators Association, satellites provide service to about 2.7 million devices. 

Market Dynamics: 

Driver: 

Rising adoption of IoT and M2M communication

The rising adoption of IoT (Internet of Things) and M2M (Machine-to-Machine) communication increases the demand for reliable and scalable connectivity solutions. SATCOM equipment plays a crucial role in facilitating communication between IoT devices and M2M systems, especially in remote or inaccessible locations where traditional terrestrial networks are limited. As IoT applications expand across industries such as agriculture, transportation, and utilities, the need for satellite-based communication solutions grows, thereby fueling the demand for SATCOM equipment worldwide.

Restraint:

Spectrum congestion

Spectrum congestion in SATCOM equipment occurs due to the limited availability of radio frequency bands allocated for satellite communication amid increasing demand. The scarcity of spectrum inhibits the deployment of additional satellite networks and constrains the capacity of existing systems, leading to service degradation and potential conflicts among operators. Consequently, spectrum congestion poses challenges for meeting growing communication needs, hindering innovation and investment in the SATCOM equipment market.

Opportunity:

Expanding satellite fleet

The expansion of the satellite fleet propels the growth of the SATCOM equipment by increasing the capacity and coverage of satellite networks. As more satellites are launched and deployed into orbit, they enhance global connectivity, enabling broader access to communication services in remote, underserved, and mobile environments. This expansion not only improves the reliability and resilience of satellite communication systems but also stimulates demand for SATCOM equipment, including antennas, modems, and ground stations, to support the operation and utilization of the growing satellite infrastructure.

Threat:

High initial investment

SATCOM equipment entails a high initial investment due to the sophisticated technology required for satellite communication systems. This substantial upfront cost can deter potential users and hamper market growth, particularly for small businesses and developing regions with limited financial resources. It acts as a barrier to entry for new market players and inhibits the expansion of satellite communication services into underserved areas. Consequently, it limits market penetration, constrains revenue potential, and impedes the overall growth of the SATCOM equipment market.

Covid-19 Impact

The covid-19 pandemic has mixed impact on the Satellite Communication (SATCOM) Equipment Market. On one hand, disruptions in supply chains and reduced workforce availability have hindered manufacturing and deployment timelines. On the other hand, the increased demand for remote connectivity, fuelled by work-from-home arrangements and heightened reliance on digital communication, has driven a surge in satellite communication services. This has translated into a sustained demand for SATCOM equipment, particularly for applications like remote monitoring, telemedicine, and distance learning, thus mitigating some of the pandemic's adverse effects on the market.

The navigation & tracking segment is expected to be the largest during the forecast period

The navigation & tracking segment is estimated to have a lucrative growth. SATCOM equipment plays a crucial role in navigation & tracking applications by enabling real-time positioning, tracking, and navigation services across various sectors. SATCOM systems facilitate accurate location determination, route planning, and asset tracking even in remote or challenging environments where traditional terrestrial communication networks are unavailable. This capability ensures enhanced safety, efficiency, and operational effectiveness in navigation and tracking operations worldwide. 

The media & entertainment segment is expected to have the highest CAGR during the forecast period

The media & entertainment segment is anticipated to witness the highest CAGR growth during the forecast period. SATCOM equipment enables broadcasters and content providers to deliver high-quality audiovisual content, including live events, news, and entertainment, to diverse geographic locations. They offer reliable and scalable transmission capabilities, ensuring uninterrupted delivery of content to viewers, whether in urban centers or remote regions, thus playing a pivotal role in the global media and entertainment industry.

Region with largest share:

Asia Pacific is projected to hold the largest market share during the forecast period driven by increasing demand for connectivity in remote areas, rapid urbanization, and expanding maritime and aviation industries. The region's burgeoning economies, such as China, India, and Southeast Asian countries, are investing heavily in satellite infrastructure to address communication needs. Furthermore, government initiatives promoting digital inclusion and advancements in satellite technology are propelling market expansion.

Region with highest CAGR:

North America is projected to have the highest CAGR over the forecast period. The region's extensive use of satellite communication for military, government, commercial, and consumer applications has spurred demand for advanced SATCOM equipment. Additionally, the proliferation of high-throughput satellites (HTS) and the expansion of satellite internet services have further fuelled market expansion. Despite COVID-19 pandemic, the resilience of the North American economy coupled with ongoing investments in satellite infrastructure and technology innovation continue to underpin the growth trajectory of the SATCOM equipment market in the region. 

Key players in the market

Some of the key players profiled in the Satellite Communication (SATCOM) Equipment Market include L3 Technologies Inc., Telesat LLC, General Dynamics Corporation, Cobham Limited, Qualcomm Technologies Inc., Honeywell International Inc., Boeing Company, Hughes Network Systems LLC, ST Engineering iDirect Inc., Thales Group, Raytheon Technologies Corporation, Planet Labs Inc., OneWeb Satellites, AAC Clyde Space AB, Spaceflight Industries, Satellogic, Spire Global Inc., Maxar Technologies Inc., Thuraya Telecommunications Company, EchoStar Corporation.

Key Developments:

In October 2023, Honeywell unveiled JetWaveTM X, a next-generation high-speed in-flight connectivity solution optimized for the business aviation industry. Honeywell’s JetWaveTM SATCOM system is easier to install and having greater service network flexibility, with the capability to connect to any Viasat Ka-band satellite.

In May 2023, L3Harris Technologies has introduced a new S-band Multimode Transponder for satellite communication applications. The C/TT-520 from L3Harris is an S-Band multimode transponder that provides full-duplex communications with a variety of NASA networks and protocols. It leverages the latest available technologies, traditionally tested and screened in accordance with EEE Level 2 parts program methods.

Products Covered:
• Satellite Phones
• SATCOM Transceivers
• SATCOM Antennas
• Modems/Routers
• SATCOM Terminals
• SATCOM Receivers
• SATCOM Amplifiers
• Gateways & Hubs
• Other Products

Frequency Bands Covered:
• L-band
• C-band
• X-band
• Ku-band
• Ka-band
• S-band

Technologies Covered:
• Very Small Aperture Terminal (VSAT)
• Mobile Satellite Services (MSS)
• Broadcast Satellite Services (BSS)
• Fixed Satellite Services (FSS)
• Earth Observation Satellite (EOS)
• Other Technologies

Applications Covered:
• Voice Communication
• Data Communication
• Broadcasting
• Remote Sensing
• Navigation & Tracking
• Other Applications

End Users Covered:
• Aerospace & Defense
• Telecommunications
• Government & Public Safety
• Media & Entertainment
• Other End Users

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan        
o China        
o India        
o Australia  
o New Zealand
o South Korea
o Rest of Asia Pacific    
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa 
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2022, 2023, 2024, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Free Customization Offerings: 
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Table of Contents

"1 Executive Summary   
     
2 Preface    
 2.1 Abstract   
 2.2 Stake Holders  
 2.3 Research Scope  
 2.4 Research Methodology 
  2.4.1 Data Mining 
  2.4.2 Data Analysis 
  2.4.3 Data Validation 
  2.4.4 Research Approach 
 2.5 Research Sources  
  2.5.1 Primary Research Sources
  2.5.2 Secondary Research Sources
  2.5.3 Assumptions 
     
3 Market Trend Analysis  
 3.1 Introduction  
 3.2 Drivers   
 3.3 Restraints  
 3.4 Opportunities  
 3.5 Threats   
 3.6 Product Analysis  
 3.7 Technology Analysis 
 3.8 Application Analysis 
 3.9 End User Analysis  
 3.10 Emerging Markets  
 3.11 Impact of Covid-19  
     
4 Porters Five Force Analysis  
 4.1 Bargaining power of suppliers 
 4.2 Bargaining power of buyers 
 4.3 Threat of substitutes 
 4.4 Threat of new entrants 
 4.5 Competitive rivalry  
     
5 Global Satellite Communication (SATCOM) Equipment Market, By Product
 5.1 Introduction  
 5.2 Satellite Phones  
 5.3 SATCOM Transceivers 
 5.4 SATCOM Antennas  
 5.5 Modems/Routers  
 5.6 SATCOM Terminals  
 5.7 SATCOM Receivers  
 5.8 SATCOM Amplifiers  
 5.9 Gateways & Hubs  
 5.10 Other Products  
     
6 Global Satellite Communication (SATCOM) Equipment Market, By Frequency Band
 6.1 Introduction  
 6.2 L-band   
 6.3 C-band   
 6.4 X-band   
 6.5 Ku-band   
 6.6 Ka-band   
 6.7 S-band   
     
7 Global Satellite Communication (SATCOM) Equipment Market, By Technology
 7.1 Introduction  
 7.2 Very Small Aperture Terminal (VSAT)
 7.3 Mobile Satellite Services (MSS)
 7.4 Broadcast Satellite Services (BSS)
 7.5 Fixed Satellite Services (FSS) 
 7.6 Earth Observation Satellite (EOS)
 7.7 Other Technologies  
     
8 Global Satellite Communication (SATCOM) Equipment Market, By Application
 8.1 Introduction  
 8.2 Voice Communication 
 8.3 Data Communication 
 8.4 Broadcasting  
 8.5 Remote Sensing  
 8.6 Navigation & Tracking 
 8.7 Other Applications  
     
9 Global Satellite Communication (SATCOM) Equipment Market, By End User
 9.1 Introduction  
 9.2 Aerospace & Defense 
 9.3 Telecommunications 
 9.4 Government & Public Safety 
 9.5 Media & Entertainment 
 9.6 Other End Users  
     
10 Global Satellite Communication (SATCOM) Equipment Market, By Geography
 10.1 Introduction  
 10.2 North America  
  10.2.1 US  
  10.2.2 Canada  
  10.2.3 Mexico  
 10.3 Europe   
  10.3.1 Germany  
  10.3.2 UK  
  10.3.3 Italy  
  10.3.4 France  
  10.3.5 Spain  
  10.3.6 Rest of Europe 
 10.4 Asia Pacific  
  10.4.1 Japan  
  10.4.2 China  
  10.4.3 India  
  10.4.4 Australia  
  10.4.5 New Zealand 
  10.4.6 South Korea 
  10.4.7 Rest of Asia Pacific 
 10.5 South America  
  10.5.1 Argentina 
  10.5.2 Brazil  
  10.5.3 Chile  
  10.5.4 Rest of South America
 10.6 Middle East & Africa 
  10.6.1 Saudi Arabia 
  10.6.2 UAE  
  10.6.3 Qatar  
  10.6.4 South Africa 
  10.6.5 Rest of Middle East & Africa
     
11 Key Developments   
 11.1 Agreements, Partnerships, Collaborations and Joint Ventures
 11.2 Acquisitions & Mergers 
 11.3 New Product Launch 
 11.4 Expansions  
 11.5 Other Key Strategies 
     
12 Company Profiling   
 12.1 L3 Technologies Inc.  
 12.2 Telesat LLC  
 12.3 General Dynamics Corporation
 12.4 Cobham Limited  
 12.5 Qualcomm Technologies Inc. 
 12.6 Honeywell International Inc. 
 12.7 Boeing Company  
 12.8 Hughes Network Systems LLC 
 12.9 ST Engineering iDirect Inc. 
 12.10 Thales Group  
 12.11 Raytheon Technologies Corporation
 12.12 Planet Labs Inc.  
 12.13 OneWeb Satellites  
 12.14 AAC Clyde Space AB  
 12.15 Spaceflight Industries 
 12.16 Satellogic  
 12.17 Spire Global Inc.  
 12.18 Maxar Technologies Inc. 
 12.19 Thuraya Telecommunications Company
 12.20 EchoStar Corporation 
     
List of Tables    
1 Global Satellite Communication (SATCOM) Equipment Market Outlook, By Region (2022-2030) ($MN)
2 Global Satellite Communication (SATCOM) Equipment Market Outlook, By Product (2022-2030) ($MN)
3 Global Satellite Communication (SATCOM) Equipment Market Outlook, By Satellite Phones (2022-2030) ($MN)
4 Global Satellite Communication (SATCOM) Equipment Market Outlook, By SATCOM Transceivers (2022-2030) ($MN)
5 Global Satellite Communication (SATCOM) Equipment Market Outlook, By SATCOM Antennas (2022-2030) ($MN)
6 Global Satellite Communication (SATCOM) Equipment Market Outlook, By Modems/Routers (2022-2030) ($MN)
7 Global Satellite Communication (SATCOM) Equipment Market Outlook, By SATCOM Terminals (2022-2030) ($MN)
8 Global Satellite Communication (SATCOM) Equipment Market Outlook, By SATCOM Receivers (2022-2030) ($MN)
9 Global Satellite Communication (SATCOM) Equipment Market Outlook, By SATCOM Amplifiers (2022-2030) ($MN)
10 Global Satellite Communication (SATCOM) Equipment Market Outlook, By Gateways & Hubs (2022-2030) ($MN)
11 Global Satellite Communication (SATCOM) Equipment Market Outlook, By Other Products (2022-2030) ($MN)
12 Global Satellite Communication (SATCOM) Equipment Market Outlook, By Frequency Band (2022-2030) ($MN)
13 Global Satellite Communication (SATCOM) Equipment Market Outlook, By L-band (2022-2030) ($MN)
14 Global Satellite Communication (SATCOM) Equipment Market Outlook, By C-band (2022-2030) ($MN)
15 Global Satellite Communication (SATCOM) Equipment Market Outlook, By X-band (2022-2030) ($MN)
16 Global Satellite Communication (SATCOM) Equipment Market Outlook, By Ku-band (2022-2030) ($MN)
17 Global Satellite Communication (SATCOM) Equipment Market Outlook, By Ka-band (2022-2030) ($MN)
18 Global Satellite Communication (SATCOM) Equipment Market Outlook, By S-band (2022-2030) ($MN)
19 Global Satellite Communication (SATCOM) Equipment Market Outlook, By Technology (2022-2030) ($MN)
20 Global Satellite Communication (SATCOM) Equipment Market Outlook, By Very Small Aperture Terminal (VSAT) (2022-2030) ($MN)
21 Global Satellite Communication (SATCOM) Equipment Market Outlook, By Mobile Satellite Services (MSS) (2022-2030) ($MN)
22 Global Satellite Communication (SATCOM) Equipment Market Outlook, By Broadcast Satellite Services (BSS) (2022-2030) ($MN)
23 Global Satellite Communication (SATCOM) Equipment Market Outlook, By Fixed Satellite Services (FSS) (2022-2030) ($MN)
24 Global Satellite Communication (SATCOM) Equipment Market Outlook, By Earth Observation Satellite (EOS) (2022-2030) ($MN)
25 Global Satellite Communication (SATCOM) Equipment Market Outlook, By Other Technologies (2022-2030) ($MN)
26 Global Satellite Communication (SATCOM) Equipment Market Outlook, By Application (2022-2030) ($MN)
27 Global Satellite Communication (SATCOM) Equipment Market Outlook, By Voice Communication (2022-2030) ($MN)
28 Global Satellite Communication (SATCOM) Equipment Market Outlook, By Data Communication (2022-2030) ($MN)
29 Global Satellite Communication (SATCOM) Equipment Market Outlook, By Broadcasting (2022-2030) ($MN)
30 Global Satellite Communication (SATCOM) Equipment Market Outlook, By Remote Sensing (2022-2030) ($MN)
31 Global Satellite Communication (SATCOM) Equipment Market Outlook, By Navigation & Tracking (2022-2030) ($MN)
32 Global Satellite Communication (SATCOM) Equipment Market Outlook, By Other Applications (2022-2030) ($MN)
33 Global Satellite Communication (SATCOM) Equipment Market Outlook, By End User (2022-2030) ($MN)
34 Global Satellite Communication (SATCOM) Equipment Market Outlook, By Aerospace & Defense (2022-2030) ($MN)
35 Global Satellite Communication (SATCOM) Equipment Market Outlook, By Telecommunications (2022-2030) ($MN)
36 Global Satellite Communication (SATCOM) Equipment Market Outlook, By Government & Public Safety (2022-2030) ($MN)
37 Global Satellite Communication (SATCOM) Equipment Market Outlook, By Media & Entertainment (2022-2030) ($MN)
38 Global Satellite Communication (SATCOM) Equipment Market Outlook, By Other End Users (2022-2030) ($MN)
     
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.

List of Figures

RESEARCH METHODOLOGY


Research Methodology

We at Stratistics opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.

Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.

Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.

Data Mining

The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.

Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.

Data Analysis

From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:

  • Product Lifecycle Analysis
  • Competitor analysis
  • Risk analysis
  • Porters Analysis
  • PESTEL Analysis
  • SWOT Analysis

The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.


Data Validation

The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.

We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.

The data validation involves the primary research from the industry experts belonging to:

  • Leading Companies
  • Suppliers & Distributors
  • Manufacturers
  • Consumers
  • Industry/Strategic Consultants

Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.


For more details about research methodology, kindly write to us at info@strategymrc.com

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