Satellite Communications Market size was valued at USD 71.6 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 9.5% from 2022 to 2030.
Information is transported from one location to another via a satellite in Earth orbit through the method of satellite communication (SATCOM). The most typical application of satellites is for communication. They are utilised for mobile applications such broadcasting TV and radio and communicating with automobiles, ships, aeroplanes, and handheld terminals.
In order to study and forecast the solar system and universe, artificial or human-made satellites are placed in orbit around the Earth or other celestial objects. The satellites are also used for communication purposes for the military, positioning technologies, television transmissions, and telephone calls, among others. With the transmission of radio waves from a satellite and the collection and processing of data from antennas and transponders located at various points on Earth, satellite communication is made possible. To overcome the maximum distance signal transmission constraint associated with the traditional signal communication system, the space organisations are boosting satellite launches on a global scale. Voice, video, and data are transmitted using the satellites to relay digital and analogue signals to numerous sites across the world.
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Global Satellite Communications Market: Major Players
- Viasat, Inc.
- The Boeing Company
- L3 Harris Technologies, Inc.
- Iridium Communications Inc.
- Cobham plc
- General Dynamics Corporation
- Indra Sistemas, S.A.
- Inmarsat plc
- Qualcomm Technologies, Inc.
- Honeywell International, Inc.
Global Satellite Communications Market: Types
- Satcom Receiver
- Satcom Transmitter/Transponder
- Satcom Transceiver
- Satcom Antenna
- Others
Global Satellite Communications Market: Applications
- Portable SATCOM Equipment
- Land SATCOM Equipment
- Maritime SATCOM Equipment
- Airborne SATCOM Equipment
Global Satellite Communications Market: Regional Analysis
All the regional segmentation has been studied based on recent and future trends, and the market is forecasted throughout the prediction period. The countries covered in the regional analysis of the Global Satellite Communications market report are U.S., Canada, and Mexico in North America, Germany, France, U.K., Russia, Italy, Spain, Turkey, Netherlands, Switzerland, Belgium, and Rest of Europe in Europe, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, China, Japan, India, South Korea, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), and Argentina, Brazil, and Rest of South America as part of South America.
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