Satellite Communication (SATCOM) Market Research Report - Global Forecast till 2027

Global Satellite Communication (SATCOM) Market Research Report: By Product (SATCOM Transponder, SATCOM Transceiver, SATCOM Antenna, SATCOM Modem, SATCOM Receiver), By Vertical (Government & Defense, Commercial), By Technology (SATCOM VSAT, SATCOM Telemetry, SATCOM-on-the-Move, SATCOM-on-the-Pause) and By End-Use (Portable SATCOM Equipment, Land Mobile SATCOM Equipment, Maritime Satcom Equipment, Airborne Satcom Equipment, Land Fixed Satcom Equipment) – Forecast to 2027

ID: MRFR/A&D/6994-HCR | February 2021 | Region: Global | 168 pages

Market Scenario


Global Satellite Communication (SATCOM) Market is projected to reach USD 41,860 Million by 2025, expanding at a CAGR of 8.40% between 2019 and 2025. The SATCOM market is highly fragmented with the presence of a large number of players catering to the increasing demand. High competition among the industry players leads to product innovation, which attracts more consumers. This, in turn, drives the market growth. Many key players such as Honeywell International, Inc. (US) is launching new and advanced SATCOM systems to strengthen its presence in the market.  For example, in 2018, Honeywell International, Inc. launched Aspire 150 and Aspire 350 satellite communication systems that offer better connectivity choices to helicopter, business jet, and airline operators.


Market Synopsis


The Global SATCOM Market has witnessed high growth in recent years owing to the growing adoption of SATCOM equipment in telecommunication, space exploration, and telemetry. Furthermore, the increasing fleet of autonomous and connected vehicles is also expected to drive the growth of the market. Additionally, the growing demand for SATCOM solutions in the aviation industry is also expected to boost the growth of the market. However, the high cost of development and maintenance and issues related to cybersecurity may hamper the growth of the market.


Market USP


Increasing demand for SATCOM by the aviation industry of better air traffic management and airline operations is driving the growth of the market.


Market Drivers



  • The growing demand for SATCOM solutions in the aviation industry: The growing demand of SATCOM solutions by airline operators such as the Emirates Group is expected to drive the growth of the market.

  • Growing adoption of SATCOM equipment in telecommunication, space exploration, and telemetry

  • Increasing fleet of autonomous and connected vehicles


Market Restraints



  • High cost of development and maintenance

  • Issues related to cybersecurity


Segmentation


By Product



  • SATCOM Transponder: A SATCOM transponder is a wireless monitoring, communication, or control device that identifies and automatically responds to an incoming signal.



  • SATCOM Transceiver: The segment dominated the market in 2018. Enhanced security, efficiency, and scalability offered by SATCOM transceiver are expected to drive the growth of the segment.



  • SATCOM Antenna: A SATCOM antenna can be connected to two radios to provide simultaneous communication. Furthermore, these antennas are corrosion resistant, sturdy, and rugged. Therefore, the segment is expected to grow at the highest CAGR during the forecast period.



  • SATCOM Modem: SATCOM modem is used to transfer data through a satellite.



  • SATCOM Receiver: The growing adoption of connected and autonomous vehicles is expected to drive the growth of the segment.


By Vertical



  • Government & Defense: The segment dominates the SATCOM market in 2018. The growing adoption of SATCOM systems by the military forces for secured communication is expected to drive the growth of the segment.



  • Commercial: The segment is expected to witness the growth during the forecast period from 2019 to 2025. The growing demand for satellite TV and the rising demand for SATCOM equipment by the space and telecommunication industries are driving the growth of the segment.


By Technology



  • SATCOM VSAT: The technology offers high speed, broadband satellite communications for private network communications or the Internet. The technology is suitable for oil & gas camps, satellite newsgathering, and mining camps. Hence, the segment dominated the market in 2018.



  • SATCOM Telemetry: The technology sends monitoring data from a satellite to earth station.



  • SATCOM Automatic Identification System (AIS): The segment is expected to witness the highest growth during the forecast period. The technology is used for identifying and tracking marine vessels. Enhanced identification, location information, and collision avoidance offered by the technology to marine vessel operators is driving the growth of the segment.



  • SATCOM-on-the-Move: The technology enables vehicles equipped with a SATCOM antenna to communicate with a satellite and maintain the communication while the vehicle is moving.



  • SATCOM-on-the-Pause: Is an integrated satellite terminal that is designed for reliable communication and automatic deployment through existing military satellites.


By End-Use



  • Portable SATCOM Equipment: The segment includes handheld and manpack The growing adoption of portable SATCOM gear by the army of various countries such as the US is expected to drive the growth of the segment.



  • Land Mobile SATCOM Equipment: The segment dominated the market in 2018. The segment includes military vehicles, commercial vehicles, trains, emergency vehicles, and unmanned ground vehicles. The growing adoption of autonomous cars and armored vehicles by commercial and military users is driving the growth of the segment.



  • Maritime Satcom Equipment: The segment includes commercial ships, military ships, and unmanned maritime vehicles. The growing seaborne trade across the globe and the rising concept of autonomous and connected ships are expected to drive the growth of the segment. Therefore, the segment is expected to grow at the highest CAGR during the forecast period.



  • Airborne Satcom Equipment: The segment includes commercial aircraft, military aircraft, and unmanned aerial vehicles (UAVs). Rising air passenger traffic, the growing adoption of military aircraft by countries such as India and China and the increasing investment made by companies such as Airbus SAS in UAVs are expected to drive the growth of the segment.



  • Land Fixed Satcom Equipment: The segment includes earth stations and command & control centers. Rising military expenditure of countries such as China and India are expected to drive the growth of the segment.


By Region



  • North America: North America dominates the SATCOM market. This trend is projected to continue during the forecast period due to the presence of prominent SATCOM equipment providers such as Honeywell International, Inc. (US) and L3 Harris Technologies, Inc. (US)



  • Europe: The growing concept of autonomous and connected ships are driving the market growth in the region.



  • Asia-Pacific: The market in this region is projected to expand at a high CAGR during the forecast period. Increasing military expenditure of countries such as India and China and the rising air passenger traffic in the region are encouraging the military forces and airline operators to invest in Satcom equipment.



  • Middle East & Africa: The growing investment made by prominent Satcom providers such as Inmarsat plc. (UK) in the region are driving the market growth in the Middle East & African region.



  • Latin America: The growing adoption of Satcom equipment by the Brazilian army is driving the market growth in the region.


Key Players



  • Inmarsat plc (UK)

  • Honeywell International, Inc. (US)

  • L3 Harris Technologies, Inc. (US)

  • Indra Sistemas, S.A. (Spain)

  • General Dynamics Corporation (US)

  • Cobham plc (UK)

  • Viasat, Inc. (US)

  • Iridium Communications Inc. (US)

  • Qualcomm Technologies, Inc. (US)

  • GILAT SATELLITE NETWORKS (Israel)


Other Prominent Players



  • ASELSAN A.Ş. (Turkey)

  • INTELLIAN TECHNOLOGIES, INC. (South Korea)

  • Hughes Network Systems LLC (US)

  • ST Engineering Group (Singapore)

  • Campbell Scientific, Inc. (US)

  • ND SatCom GmbH (Germany)

  • Satcom Global Ltd (UK)

  • Holkirk Communications Ltd. (UK)

  • Network Innovations (US)

  • AvL Technologies, Inc. (US)

  • Airbus S.A.S (France)

  • China Satellite Communication Co. Ltd. (China)



Frequently Asked Questions (FAQ) :


8.40% is the CAGR of the Global Satellite Communication (SATCOM) Market.

Global Satellite Communication (SATCOM) Market will collect revenue of USD 41,860 Million.

The growth period for the Global Satellite Communication (SATCOM) Market is from 2020 to 2027.

The mounting demand for SATCOM solutions by airline operators such as the Emirates Group to boost the demand for the Global Satellite Communication (SATCOM) Market.

Global Satellite Communication (SATCOM) Market is restrained by the sky-scraping cost of development and maintenance.