Space Ground Station Equipment Market Growth Trajectory Through 2024-2033

Spread the love

The Space Ground Station Equipment Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).

Learn More On The Space Ground Station Equipment Market:

https://www.thebusinessresearchcompany.com/report/space-ground-station-equipment-global-market-report

According to The Business Research Company’s Space Ground Station Equipment Global Market Report 2024, The space ground station equipment market size has grown strongly in recent years. It will grow from $9.49 billion in 2023 to $10.35 billion in 2024 at a compound annual growth rate (CAGR) of 9.0%. The  growth in the historic period can be attributed to satellite communication expansion, increased satellite constellations, earth observation and remote sensing, scientific and space exploration missions, commercial satellite services.

The space ground station equipment market size is expected to see strong growth in the next few years. It will grow to $14.66 billion in 2028 at a compound annual growth rate (CAGR) of 9.1%. The growth in the forecast period can be attributed to emergence of small satellite market, rise in satellite mega-constellations, increased space traffic and management, global 5g deployment from space, government and defense space programs. Major trends in the forecast period include utilization of cloud-based ground stations, focus on cybersecurity measures, deployment of deep learning for signal processing, integration of automated tracking and telemetry systems, rise of interoperable ground station architectures.

The increasing demand for satellite communication networks is expected to propel the growth of the space ground station equipment market going forward. The satellite communication network is a man-made satellite network that sends information via a transponder by opening a channel between a transmitter and a receiver at various Earth points. This allows a ground station to monitor a satellite’s location and manage its propulsion, thermal, and other systems. Hence, the increasing demand for satellite communication networks contributes to the growth of space ground station equipment. For instance, in March 2022, according to Pixalytics Ltd, a UK-based earth observation company, there were 3135 communication network satellites in 2022, an increase of 71.12% from December 2020. Therefore, the increasing demand for satellite communication networks is driving the growth of the space ground station equipment market.

Get A Free Sample Of The Report (Includes Graphs And Tables):

https://www.thebusinessresearchcompany.com/sample.aspx?id=10751&type=smp

The space ground station equipment market covered in this report is segmented –

1) By Type: Consumer Equipment, Network Equipment

2) By Satellite Communication Service: Fixed Satellite Services, Mobile Satellite Services

3) By Application: Communication, Earth Observation, Navigation

4) By End User: Consumer, Government And Military, Commercial, Enterprise

Technological advancements are a key trend gaining popularity in the space ground station equipment market. Companies operating in the space ground station equipment market are adopting new technologies to sustain their position in the market. For instance, in April 2021, Terrasat Communications, a US-based company that designs and manufactures innovative RF solutions for Satellite Communications systems, launched new Cyber Hardened Intelligent BUCs. The new IBUCs efficiently provide security management control through encrypted authentication, privacy, and access control to ensure end-to-end message delivery by preventing session hijacking, password attacks, and eavesdropping.

The space ground station equipment market report table of contents includes:

 

  1. Executive Summary
  2. Space Ground Station Equipment Market Characteristics
  3. Space Ground Station Equipment Market Trends And Strategies
  4. Space Ground Station Equipment Market – Macro Economic Scenario
  5. Global Space Ground Station Equipment Market Size and Growth

.

.

.

  1. Global Space Ground Station Equipment Market Competitive Benchmarking
  2. Global Space Ground Station Equipment Market Competitive Dashboard
  3. Key Mergers And Acquisitions In The Space Ground Station Equipment Market
  4. Space Ground Station Equipment Market Future Outlook and Potential Analysis
  5. Appendix

Top Major Players:

  • EchoStar Corporation
  • AAC Clyde Space
  • Comtech Telecommunication Corporation
  • Analog Devices Inc
  • Infostellar Inc

Contact Us:

The Business Research Company

Europe: +44 207 1930 708

Asia: +91 88972 63534

Americas: +1 315 623 0293

Email: [email protected]

 

Follow Us On:

LinkedIn: https://in.linkedin.com/company/the-business-research-company  

Twitter: https://twitter.com/tbrc_info

Facebook: https://www.facebook.com/TheBusinessResearchCompany

YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ  

Blog: https://blog.tbrc.info/

Healthcare Blog: https://healthcareresearchreports.com/  

Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model  


Spread the love

About Top PR News

TopPRnews Leads Drives Search Engine Visibility For Your Press Release Content. Our Global Network Reaches Important Contacts, Media Partners And Websites And Journalists. Happy Postings! If You Have Any Queries Please Contact Official Mail At [[email protected]}

View all posts by Top PR News →