Airborne SATCOM Market Overview
Airborne SATCOM Market is projected to reach USD 8.2 Million by 2030, expanding at a CAGR of 5.4% between 2020 and 2030.
SATCOM offers efficient and reliable communication to the aircraft operators. Airborne SATCOM systems enable pilots to communicate with air traffic control officers to ensure safe aircraft operations. Moreover, airborne SATCOM is widely used in military aircraft to carry out military missions efficiently. Currently, UAVs are also being used for tactical communications by military agencies globally.
Global Airborne SATCOM Market has witnessed high growth in recent years owing to increasing defense expenditures, growing passenger traffic, and a significant rise in demand for new aircraft. Moreover, the increasing use of UAVs for defense and commercial applications is driving the growth of the market. However, factors such as cybersecurity issues and high cost of satellite-based communication are expected to restrain the market growth to some extent.
The increasing need for airborne SATCOM for effective communication
Other Prominent Players
|Market Size||USD 8.2 Million|
|Forecast Units||Value (USD Million)|
|Report Coverage||Revenue Forecast, Competitive Landscape, Growth Factors, and Trends|
|Segments Covered||Component, Frequency Type and Platform|
|Geographies Covered||North America, Europe, Asia-Pacific, and Rest of the World (RoW)|
|Key Vendors||Cobham Plc (UK), General Dynamics Corporation (US), Honeywell International, Inc. (US), L3 Harris Technologies, Inc. (US), Northrop Grumman Corporation (US), Raytheon Company (US), Aselsan A.S. (Turkey), Thales Group (France), United Technologies Corporation (US), Viasat, Inc. (US), Gilat Satellite Networks (Israel), Hughes Network Systems LLC (US), Orbit Communication System Ltd (Israel), Astronics Corporation (US), Norsat International Inc. (Canada), Israel Aerospace Industries (Israel), Singapore Technologies Engineering Ltd (Singapore), Mitsubishi Electric Corporation (Japan), Iridium Communications Inc. (US) and Teledyne Defense Electronics (US)|
|Key Market Opportunities||
|Key Market Drivers||
Global Airborne SATCOM Market marked revenue of USD 8.2 Million through the year 2030.
Global Airborne SATCOM Market will be gaining 5.4% CAGR in the future.
Global Airborne SATCOM Market will be growing during the period from 2020 to 2030.
Global Airborne SATCOM Market is witnessing its high growth owing to rising defense expenditures, mounting passenger traffic, and a noteworthy ascend in demand for new aircraft.
The market USP for Global Airborne SATCOM Market is the escalating need for airborne SATCOM for effective communication.