Monitor reception of radio waves from stellar radio sources is one of the factors driving the growth at a CAGR of 4.50% during the forecast period 2023 to 2032.

Monitor reception of radio waves from stellar radio sources is one of the factors driving the growth at a CAGR of 4.50% during the forecast period 2023 to 2032.

Market Research Future (MRFR) has published a “Global Satellite Ground Station Equipment Market”


MRFR recognizes the following companies as the key players in the global satellite ground station equipment market— Gilat Satellite Networks, L3Harris Technologies, Inc, Hughes Network Systems, LLC, ViaSat Inc, Vision Technologies system Inc, Clyde Space Ltd, Comtech Telecommunications Corp., Ultra, GomSpace and Inmarsat plc.


Market Highlights


The global satellite ground station equipment market is accounted to register a CAGR of 4.50% during the forecast period and is estimated to reach USD 213.8 billion by 2032.


Satellites may broadcast and receive data from Earth with the help of space ground station equipment, a crucial piece of technology. Remote sensing, communication, and satellite tracking are just a few of the various uses for this technology. A good ground station is essential because it can ensure that satellites carry out their tasks efficiently and safely. A system for communicating with satellites is the satellite ground station hardware. It consists of antennae, receivers, and transmitters. We can send and receive data from satellites thanks to the equipment, which is essential.


The market is expanding as a result of rising global spending in space exploration programmes, rising small satellite numbers in orbit, and rising demand for satellite-based services. Over the next five years, the market is expected to generate enormous revenue, creating numerous opportunities for market participants to invest in satellite ground station equipment R&D. Furthermore, it is anticipated that higher installation costs and the requirement for ongoing maintenance will partially restrain market growth. However, the market for satellite ground station equipment has recently expanded due to the enormous demand for this equipment from a variety of applications, including offshore communication, wireless computer networking, and other wireless communications.


Segment Analysis


The global satellite ground station equipment market has been segmented based on products and applications.


Based on products, the market is segmented into Satellite Navigation, NOC Equipment, VSAT Equipment, Antennas, Power Units, Gateways, Test and Monitoring Equipment and Others. The NOC equipment segment was attributed to holding the largest market share in 2022.


Based on applications, the global satellite ground station equipment market has been segmented into Military and Civilian. The military segment was expected to hold the largest market share in 2022.


Access Ful Report @ https://www.marketresearchfuture.com/reports/satellite-ground-station-equipment-market-11694


Regional Analysis


The global satellite ground station equipment market, based on region, has been divided into North America, Europe, Asia-Pacific, and the Rest of the World. North America consists of US and Canada. The Europe satellite ground station equipment market comprises of Germany, France, the UK, Italy, Spain, and the rest of Europe. The satellite ground station equipment market in Asia-Pacific has been segmented into China, India, Japan, Australia, South Korea, and the rest of Asia-Pacific. The Rest of the World satellite ground station equipment market comprises of Middle East, Africa, and Latin America.


North America region is anticipated to be the largest region in the satellite ground station equipment market over the forecast period. This is explained by the prominence of key market participants in Canada's SAR earth observation and remote sensing satellite industries. The market in this region is also anticipated to increase as a result of an increasing number of regional market participants expanding into new ground station-related business sectors. For instance, Viasat announced intentions to grow its ground station network for earth observation in August 2019. As a result, in the near future, North America is expected to experience rapid expansion in the global market for space ground station equipment.


Moreover, the European region is anticipated to be the second largest region as a result of growing civil uses, including telecommunications and media delivery. Due to the numerous opportunities for GEO satellite operator business across Europe, which offers lucrative opportunities for industry players operating in this region or those who have access to it, increased military spending and technological development are also likely to stimulate regional growth in the coming years.


Additionally, the Asia Pacific region is expected to be the fast growing region in the satellite ground station equipment market due to new market participants and government development of innovative space systems. The expansion of the space industry in Asia Pacific is also accelerated by the region's growing economies, including Malaysia, Indonesia, and Thailand. To facilitate earth observation and communications applications, several regional nations are launching satellites. It is projected that throughout the projection period, such government activities will increase demand for global satellite ground station equipment in the Asia Pacific area.


Furthermore, the rest of the world's satellite ground station equipment market is divided into the Middle East, Africa, and Latin America. Due to rising investments and technological advancements that have fueled demand from these sectors and significantly aided global growth across all regions, the utility sector is one of its biggest consumers. As countries in this region build out their infrastructure foundations for space exploration, demand from the utilities sector is further fueled across numerous locations.


Key Findings of the Study



  • The global satellite ground station equipment market is expected to reach USD 213.8 billion by 2032, at a CAGR of 4.50% during the forecast period.

  • The Asia Pacific region accounted for the fastest-growing global market due to new market participants and government development of innovative space systems.

  • Based on the applications, the military segment was attributed to holding the largest market in 2022, with an approximate market share of 35–40%.

  • Gilat Satellite Networks, L3Harris Technologies, Inc, Hughes Network Systems, LLC, ViaSat Inc, Vision Technologies system Inc, Clyde Space Ltd, Comtech Telecommunications Corp., Ultra, GomSpace and Inmarsat plc.

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