Satellite Communication (SATCOM) Market Size Expected to Grow at a CAGR over 8.40% from 2019 to 2025

 

Market Forecast

Global SATCOM Market is projected to be valued at USD 41,860 Million by 2025, expanding at a CAGR of 8.40% between 2019 and 2025.

The growing adoption of SATCOM equipment in telecommunication, space exploration, and telemetry has significantly contributed to the growth of the SATCOM market. High competition owing to the presence of a large number of players in this market is forcing manufacturers to continuously focus on product innovation and development. Furthermore, increasing adoption of autonomous and connected vehicles is also expected to drive the growth of the market.

Market USP

The growing demand for SATCOM solutions in the aviation industry is expected to drive the growth of the market.

Growth Opportunities in the Market

Satcom antenna segment is expected to witness the highest growth rate in the market: The Satcom antenna segment is expected to grow at the highest CAGR during the forecast period from 2019 to 2025. The growth can be attributed to the benefits offered by Satcom antennas such as corrosion resistance and sturdiness.

Commercial vertical is expected to witness a higher growth in the market: The commercial vertical is expected to grow at a higher CAGR during the review period owing to the growing demand for satellite TV and the rising demand for SATCOM equipment by the space and telecommunication industries.

SATCOM Automatic Identification System (AIS) segment is expected to register the highest growth in the market: The SATCOM AIS segment is expected to grow at the highest CAGR during the review period. Enhanced identification, location information, and collision avoidance offered by the technology marine vessel operators are driving the growth of the segment.

Maritime SATCOM Equipment segment is expected to grow at the highest CAGR: The segment is expected to grow at the highest CAGR during the forecast period from 2019 to 2025. The segment includes commercial ships, military ships, and unmanned maritime vehicles. The rising concept of autonomous and connected ships and rising seaborne trade across the globe are driving the growth of the segment.

Browse Full Report Details @ https://www.marketresearchfuture.com/reports/satellite-communication-market-8466

Key Players

Inmarsat plc (UK)

Honeywell International, Inc. (US)

L3 Harris Technologies, Inc. (US)

Indra Sistemas, S.A. (Spain)

General Dynamics Corporation (US)

Cobham plc (UK)

Viasat, Inc. (US)

Iridium Communications Inc. (US)

Qualcomm Technologies, Inc. (US)

GILAT SATELLITE NETWORKS (Israel)

Other Prominent Players

ASELSAN A.Ş. (Turkey)

INTELLIAN TECHNOLOGIES, INC. (South Korea)

Hughes Network Systems LLC (US)

ST Engineering Group (Singapore)

Campbell Scientific, Inc. (US)

ND SatCom GmbH (Germany)

Satcom Global Ltd (UK)

Holkirk Communications Ltd. (UK)

Network Innovations (US)

AvL Technologies, Inc. (US)

Airbus S.A.S (France)

China Satellite Communication Co. Ltd. (China)

 

Comments

Post a Comment

Popular posts from this blog

GERD and NERD Treatment Market Rising Uptake Of Technology In Medical And Healthcare Sector To Boost Industry’s Growth Market 2019 Market Highlights: GERD & NERD Treatment Market Research Report- Americas forecast till 2023 growing continuously and is expected to grow at a CAGR of 4.02 % from 2017 to 2023. Heartburn is the burning sensation in the chest behind the breastbone that we feel when stomach acid refluxes back into the esophagus (food tube). Increasing prevalence of gastric diseases has increased the investment in GERD medication for research and development. This is expected to further drive the demand for gastroenteric drugs. Major players in GERD & NERD treatment market Some of the major players in this market are ( U.S.), GlaxoSmithKline Plc (U.K), Ironwood Pharmaceuticals, Inc. (U.S.), Jeil pharmaceutical Co. Ltd. (South Korea), Johnson & Johnson (U.S.), Mederi Therapeutics Inc. (U.S.), Medigus Ltd. (Israel), Medtronic Inc. (U.S.), Merck & CO.,...
Read more
Air Ambulance Services Market Size, Share, Trends, Application  Global Air Ambulance Services Market  Overview The Global Air Ambulance Services Market is expected to reach USD 11,456.3 million by 2024 at a CAGR of 2.95% during the forecast period. Air ambulance manufacturers are investing heavily in advanced technologies to reduce costs and improve turnaround time. For instance, 3D printing is dramatically changing the way structures and components of aircraft are currently designed and manufactured. It reduces the design constraints that engineers face when using conventional fabrication techniques. Furthermore, the ability to fabricate functional electronics into complex structures using 3D printing allows manufacturers to offer air ambulances that operate effectively in adverse conditions such as inclement weather, tsunamis, droughts, and cyclones. Global Air Ambulance Services Market  Segmental Analysis The global air ambu...
Read more

Satellite Communication (SATCOM) Market Outlook And Opportunities With Future Growth Scenario By 2027

  Market Forecast The satellite communication (SATCOM) market is projected to register a  CAGR of 8.44%  between  2021 and 2027 .   SATCOM is used for the transmission of information from one place to another with the aid of a satellite that orbits around the Earth. SATCOM is employed for a wide range of mobile applications, including communication to aircraft, ships, vehicles, and hand-held terminals, as well as for TV and radio broadcasting. The increasing deployment of small satellites, growing demand for high-speed Internet, and rising adoption of maritime VSAT are primarily driving the market's growth. Additionally, increasing demand for small form factor SATCOM solutions and frequent launches of military satellitesare driving the global market's growth. Globally, military spending has increased significantly in recent years. Factors such as ongoing conflicts in the Middle East & Africa, long-standing tensions, territorial disputes between ...
Read more