SATCOM is the use of a network of geostationary satellites for radio communications relay between a transmitter and receiver positioned at two different points on the globe. There is a rising desire for communication everywhere, at any time in commercial multi-media requirements as well as military intelligence, surveillance, and reconnaissance communication requirements. Satellite Connections (SATCOM) products and services, particularly SATCOM on-the-move (SOTM), have grown significantly as a result of the need to maintain reliable mobile communications regardless of location around the world. A major issue for any SATCOM system is maintaining a line-of-sight (LOS) connection with the target satellite.
SATCOM on the Move Market Report Scope and Research Methodology:
The market report offers historical data and forecasts revenue growth at a regional, and country level with a detailed analysis of SATCOM on the Move market trends in each of the main segments and its sub-segments from 2022 to 2029. Data triangulation is the key research methodology used by Maximize Market Research team, which involves analysis of the impact of data variables on the SATCOM on the Move market, data mining and primary (industry expert) validation. The research report provides the past and present status SATCOM on the Move market with forecasted trends and size. The analysis of the complicated data of the SATCOM on the Move market has been provided in easy language in the research report. SWOT analysis was used to provide the strengths, weaknesses, opportunities and threats for key players in the SATCOM on the Move industry and to estimate the market size bottom-up approach was used.
SATCOM on the Move Market Report Overview:
The forecast has been majorly done by analysing past data and the current trends in the SATCOM on the Move Market. It includes the market size, share, regional analysis, dynamics, CAGR and future trends, which makes the report a guide for the investors as it provides a futuristic view of the SATCOM on the Move Industry.
SATCOM on the Move Market size was valued at US$ 16.43 Bn. in 2020. The global SATCOM on the Move Market is estimated to grow at a CAGR of 18.3% over the forecast period.
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SATCOM on the Move Market Regional Analysis:
The SATCOM on the Move Market research examines all regions: Europe, North America, Asia-Pacific, the Middle East and Africa, and Latin America. The report provides the current condition and prediction for the regional SATCOM on the Move market in terms of market size, share, and volume.
SATCOM on the Move Market Segmentation:
The SATCOM on the Move Market is divided into three platforms: land mobile, airborne, and maritime. In 2020, the Airborne category held a 46% share of the market. The expanding demand for high-definition intelligence, surveillance, and reconnaissance (ISR) footage, as well as the growing number of connected commercial aircraft, rising usage of UAVs, and growing number of private aviation enterprises throughout the world, are all contributing to the segment’s growth. In December 2019, the French Air Force enhanced its airborne satellite communication capability. Introducing new Thales technology. The French Defense Agency has granted Thales a contract to design and manufacture the next-generation Syracuse 4 satellite communication system. This deal will allow the French military to enhance the SATCOM system on the Charles de Gaulle Aircraft Carrier and the Rafale combat aircraft.
The SATCOM on the Move Market is divided into two verticals: commercial and government & military. During the projected period, the Commercial Segment is expected to develop at a substantial rate, with a CAGR of 16.1%. The growing demand for mobile broadband coverage in remote and outlying areas, streaming information and entertainment, widespread use of small satellites for commercialization and data transferability, technological advancements in transportation and logistics networks, and rising demand for broadband connections and VSAT connectivity.
SATCOM on the Move Market Key Players:
Thales Group (France)
L3Harris Technologies (US)
Honeywell International Inc. (US)
Hughes Network Systems (US)
Viasat, Inc. (US)
Iridium Communications Inc. (US)
Gilat Satellite Networks (Israel)
Aselsan A.S. (Turkey)
St Engineering (Singapore)
Raytheon Intelligence & Space (US)
Orbit Communication Systems Ltd. (Israel)
Leonardo Drs (US)
Bae Systems plc (UK)
Elbit Systems Ltd. (Israel)
Indra Sistemas (Spain)
Collins Aerospace (US)
Ball Corporation (US)
Space Exploration Technologies Corporation (Spacex) (US)
Mobile Satellite Communications (Most)
Avanti Communications Group plc (UK)
Key Questions answered in the SATCOM on the Move Market Report are:
What are the SATCOM on the Move market segments?
Which region of the SATCOM on the Move market is expected to grow at a high rate during the forecast period?
What is the expected CAGR of the SATCOM on the Move market during the forecast period?
What are the emerging trends in the SATCOM on the Move market?
What are the factors restraining the SATCOM on the Move market growth?
Key offerings:
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About Stellar Market Research
Established in 2018, Stellar Market Research is India Based consulting and advisory firm focused on helping clients to reach their business transformation objectives with advisory services and strategic business. The company’s vision is to be an integral part of the client’s business as a strategic knowledge partner. Stellar Market Research provides end-to-end solutions that go beyond key research technologies to help executives in any organization achieve their mission-critical goals. The company has clients from all across the globe, 23 % from India and others from Japan, Korea, Germany, United States, etc. The company uses its extensive industry knowledge, strong network, and know-how to provide complete insights that give clients a competitive advantage.
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