The Satellite Communication Equipment Global Market Report 2023 by The Business Research Company, provides satellite communication (satcom) equipment market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten-year historic period – 2010-2021, and a ten-year forecast period – 2023-2032.
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According to The Business Research Company’s Satellite Communication Equipment Global Market Report 2023, the market size is expected to grow from$34.4 billion in 2022 to $39.43 billion in 2023 at a compound annual growth rate (CAGR) of 14.6%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of the satellite communication (satcom) equipment is expected to grow to $67.68 billion in 2027 at a CAGR of 14.5%.
The increasing number of mobile satellite services and small satellites is driving the growth of the satellite communication (SATCOM) equipment market. Mobile satellite services (MSS) offer two-way voice and data communications to people all over the world who are travelling or residing in remote areas. Widespread adoption of small satellites and mobile satellites is increasing as it gives the entire programme crucial flexibility for earth science research missions. With the help of satellite communication equipment, small satellites help scientists advance scientific and human exploration, reduce the cost of new space missions, and expand access to space
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The satellite communication (satcom) equipment market is segmented:
1) By Satellite Type: Large Satellite (>2500 KG), Medium Satellite (501 – 2500 KG), Small Satellite (1 – 500 KG), Cubesat (0.27 – 27 Cubic Unit Of 103 Cm)
2) By Component Type: Amplifiers, Transceivers, Space Antennas, Transponders, and Other Components
3) By Application: Navigation, Scientific Research, Communication, Remote Sensing, Other Applications
4) By End-Use: Commercial, Government, and Military
Product innovations are the key trend gaining popularity in the satellite communication equipment market. Major companies operating in the satellite communication equipment sector are focused on developing new product innovations and solutions to strengthen their position.
The satellite communication (satcom) equipment market report table of contents includes:
1. Executive Summary
2. Satellite Communication (SATCOM) Equipment Market Characteristics
3. Satellite Communication (SATCOM) Equipment Market Trends And Strategies
4. Satellite Communication (SATCOM) Equipment Market – Macro Economic Scenario
5. Satellite Communication (SATCOM) Equipment Market Size And Growth
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26. Africa Satellite Communication (SATCOM) Equipment Market
27. Satellite Communication (SATCOM) Equipment Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Satellite Communication (SATCOM) Equipment Market
29. Satellite Communication (SATCOM) Equipment Market Future Outlook and Potential Analysis
30. Appendix
Top Major Players:
- SKY Perfect JSAT Holdings Inc
- L3 Technologies Inc
- SES S.A
- Telesat LLC
- Intelsat S.A
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