Satellite Communication (SATCOM) Market Size, Industry Analysis By Component (Equipment, Services) By Application (Asset Tracking, Drones Connectivity) By Vertical (Energy & Utility, Government & Defence, Emergency Responders) & Region – Forecast 2022-2030
The Global Satellite Communication (SATCOM) Market is estimated at USD 80.33 billion in 2022 and is expected to reach USD 169.70 billion in 2030, growing at a CAGR of 9.8% between 2022 and 2030.
The key factors driving market expansion are rising demand for tiny satellites for earth observation services in industries such as oil and gas, energy, agriculture, and defence around the world.
The global satellite communication (SATCOM) market refers to the industry that provides communication services through the use of satellites. SATCOM is used in various applications such as military, commercial, and government sectors. It enables users to communicate over long distances, even in remote areas where traditional communication networks are not available.
A communications satellite is a man-made satellite that relays and amplifies radio communications signals via a transponder.
It establishes a communication link between a source transmitter and a receiver located at opposite ends of the Earth. They’re utilised in television, phone, radio, internet, and military applications, among other things.
Because satellites can look fixed at the same place in the sky, the majority of these spacecraft are in geostationary orbit 22,300 miles (35,900 km) above the equator.
As a result, ground station satellite dish antennas can be aimed continually at that location and do not need to move to follow the satellite.
The primary function of communications satellites is to transport signals around the Earth’s curvature, allowing communication between satellites.
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Market Segmentation:
The global satellite communication (SATCOM) market can be segmented by application, service, end-user, and region.
By Application:
Military & Defense
Aviation
Maritime
Enterprise
Broadcast
Telecommunications
Others
By Service:
Managed Services
Data Services
Voice Services
Broadband Services
By End-User:
Government & Military
Aerospace & Aviation
Maritime
Media & Entertainment
Oil & Gas
Automotive
Others
By Region:
North America
Europe
Asia Pacific
Latin America
Middle East & Africa
Regional Analysis:
Global Satellite Communication (Satcom) Market: Geographical Analysis
The Global Satellite Communication (SATCOM) Market is segmented into 5 main regions namely, North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. Among these, North America has dominated the market growth over the forecast period. this is because of the rise in demand for continuous communication by the defence industry and rising demand for SATCOM equipment by the defence department in the U.S.
Key Points:
Define, describe and forecast Potentiometers product market by type, application, end user and region.
Provide enterprise external environment analysis and PEST analysis.
Provide strategies for company to deal with the impact of COVID-19.
Provide market dynamic analysis, including market driving factors, market development constraints.
Provide market entry strategy analysis for new players or players who are ready to enter the market, including market segment definition, client analysis, distribution model, product messaging and positioning, and price strategy analysis.
Keep up with international market trends and provide analysis of the impact of the COVID-19 epidemic on major regions of the world.
Analyze the market opportunities of stakeholders and provide market leaders with details of the competitive landscape.
Reasons to Purchase this Report:
Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
Provision of market value (USD Billion) data for each segment and sub-segment
Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players
The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
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