Europe SATCOM Market Overview
Europe SATCOM Market Size was valued at USD 6.9 Billion in 2022. The SATCOM market industry is projected to grow from USD 7.76 Billion in 2023 to USD 19.916 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 12.50% during the forecast period (2023 - 2032). Major market drivers expected to support the growth of the Europe SATCOM market include the growing need for IoT in the aviation sector for a variety of applications, including aircraft connection, airlines, air traffic management, and MRO management.
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
SATCOM Market Trends
- Increasing need for SATCOM in emergency response and catastrophe management is driving market growth
There are several uses for SATCOM in emergency response and catastrophe management. In disaster-affected areas, it facilitates the quick deployment of communication infrastructure, guaranteeing uninterrupted connectivity for emergency responders, relief agencies, and impacted communities. In addition, SATCOM encourages the creation of central command centers that allow data to be collected, processed, and distributed to support decision-making. It also makes coordination and communication between diverse parties easier. Furthermore, in the event of a disaster, it offers emergency telephone services in the event that terrestrial networks are downed. This enables impacted parties to place emergency calls in order to report issues, solicit aid, and seek assistance. Additionally, in order to enhance situational awareness and aid with relief operations, SATCOM makes it easier for real-time information to be shared, such as sensor data, weather updates, and satellite imaging.
The SATCOM industry presents enticing possibilities in the form of novel and innovative business ideas. As the industry continues to shift, new strategies for marketing satellite-based services are emerging, providing expansion and diversification opportunities for both established businesses and startups. New business models in the SATCOM industry offer exciting opportunities for growth and innovation. Stakeholders can leverage emerging trends like space tourism, IoT services, partnerships, and data analytics to provide value-added services that match evolving customer expectations and drive the industry's ongoing advancement. Thus, driving the SATCOM market revenue.
SATCOM Market Segment Insights:
SATCOM Component Insights
The Europe SATCOM market segmentation, based on component includes Receiver, Transmitter/Transponder, Transceiver, Antenna, and Others. The transceiver segment dominated the market mostly. Transponders, space antennas, amplifiers, and other devices, as well as electronic devices that enable communication with satellites in earth's orbit, are all included in SATCOM transceivers.
Figure 1: Europe SATCOM Market, by Component, 2022 & 2032 (USD Billion)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
SATCOM Platform Insights
The Europe SATCOM market segmentation, based on platform, includes Portable SATCOM Equipment, Land SATCOM Equipment, Maritime SATCOM Equipment, and Airborne SATCOM Equipment. The airborne SATCOM equipment category generated the most income. It is made up of satellite launch vehicles, unmanned aerial vehicles, and military and commercial aircraft. The industry is expanding because to the increasing use of linked air and space systems for both military and commercial purposes.
SATCOM End-User Insights
The Europe SATCOM market segmentation, based on end-user, includes Commercial, and Government & Defense. The government & defense category generated the most income. The navy and defense forces are progressively using SATCOM services to establish or improve connectivity throughout a variety of forces assets, including fighter planes. Furthermore, the growing market for unmanned aerial vehicles and their expanding non-military uses have stimulated the expansion of SATCOM networks.
SATCOM Application Insights
The Europe SATCOM market segmentation, based on application, includes Broadcasting, Remote Sensing, Military Applications and Navigations, Weather Monitoring, and Others. The broadcasting category generated the most income. The significant proportion and growth of this market can be ascribed to the increased use of satellite broadcast services, mostly for media applications, which includes radio and television. The main driver of the market expansion is the advantages of satellite broadcasting, which include flawless connectivity even in isolated and difficult-to-reach locations.
SATCOM Regional Insights
The Europe SATCOM market is growing rapidly over the forecast period. The increasing number of smart city and infrastructure upgrade projects in this region is the cause of the rise. The market is expanding due to an increase in space exploration activities and a rise in the demand for sophisticated SATCOM services. Additionally, several European nations as well as the European Space Agency (ESA) have contributed to the development and deployment of satellites throughout Europe. Major satellite providers with services ranging from broadband connectivity to broadcasting are based in the region. Europe's focus on cooperation, research, and technological advancement guarantees its ongoing dominance in the world market.
Figure 2: EUROPE SATCOM MARKET SHARE BY REGION 2022 (USD Billion)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
SATCOM Key Market Players & Competitive Insights
Leading market players are investing heavily in research and development in order to expand their product lines, which will help the SATCOM market, grow even more. Market participants are also undertaking a variety of strategic activities to expand their footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. To expand and survive in a more competitive and rising market climate, SATCOM industry must offer cost-effective items.
Key Companies in the SATCOM market include
- Boeing (U.S.)
- Cobham Limited (U.K.)
- Communications and Power Technologies(U.S.)
- Honeywell International Inc. (U.S.)
- Inmarsat Global Limited (U.K.)
- Iridium Communications Inc. (U.S.)
- L3Harris Technologies, Inc. (U.S.)
- Qualcomm Technologies, Inc. (U.S.)
- Viasat, Inc. (U.S.)
- KVH Industries, Inc. (U.S.)
SATCOM Market Segmentation
SATCOM Component Outlook
- Receiver
- Transmitter/Transponder
- Transceiver
- Antenna
- Others
SATCOM Platform Outlook
- Portable SATCOM Equipment
- Land SATCOM Equipment
- Maritime SATCOM Equipment
- Airborne SATCOM Equipment
SATCOM End-User Outlook
- Commercial
- Government & Defense
SATCOM Application Outlook
- Broadcasting
- Remote Sensing
- Military Applications and Navigations
- Weather Monitoring
- Others
SATCOM Regional Outlook
-
Europe
- Germany
- France
- UK
- Italy
- Spain
- Rest of Europe
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Report Attribute/Metric
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Details
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Market Size 2022
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USD 6.9 Billion
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Market Size 2023
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USD 7.76 Billion
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Market Size 2032
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USD 19.916 Billion
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Compound Annual Growth Rate (CAGR)
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12.50% (2023-2032)
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Base Year
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2022
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Market Forecast Period
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2023-2032
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Historical Data
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2018- 2022
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Market Forecast Units
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Value (USD Billion)
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Report Coverage
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Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends
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Segments Covered
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Component, Platform, End-User, Application, and Region
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Region Covered
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Europe
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Countries Covered
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German, France, UK, Italy, Spain
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Key Companies Profiled
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Boeing (U.S.), Cobham Limited (U.K.), Communications and Power Technologies(U.S.), Honeywell International Inc. (U.S.), Inmarsat Global Limited (U.K.), Iridium Communications Inc. (U.S.), L3Harris Technologies, Inc. (U.S.), Qualcomm Technologies, Inc. (U.S.), Viasat, Inc. (U.S.), and KVH Industries, Inc. (U.S.)
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Key Market Opportunities
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·      Small Satellite Constellations Are Developed to Improve Communication Systems
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Key Market Dynamics
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·      Use of Autonomous Technology and Satellite-Based Real-Time Data Tracking
·      Growing Internet of Things (IoT) Integration in the Aviation Sector
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Europe SATCOM Market Highlights:
Frequently Asked Questions (FAQ) :
The Europe SATCOM market size was valued at USD 6.9 Billion in 2022.
The market is projected to grow at a CAGR of 12.50% during the forecast period, 2023-2032.
The key players in the market are Boeing (U.S.), Cobham Limited (U.K.), Communications and Power Technologies(U.S.), Honeywell International Inc. (U.S.), Inmarsat Global Limited (U.K.), Iridium Communications Inc. (U.S.), L3Harris Technologies, Inc. (U.S.), Qualcomm Technologies, Inc. (U.S.), Viasat, Inc. (U.S.), and KVH Industries, Inc. (U.S.).
The transceiver category dominated the market in 2022.
The broadcasting category had the largest share in the market.
