The SATCOM On The Move Global Market Report 2023 by The Business Research Company, provides satcom on the move 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 SATCOM On The Move Global Market Report 2023, the market size is expected to grow from$22.48 billion in 2022 to $26.78 billion in 2023, at a compound annual growth rate (CAGR) of 19.1%. 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 SATCOM on the move market is expected to grow to $53.79 billion in 2027 at a CAGR of 19.0%.
The increase in demand for customized SOTM solutions for unmanned ground vehicles (UGV) propels the growth of the SATCOM on the move market. The unmanned ground vehicle refers to the robotic devices that run on the ground without a human operator. The SATCOM-on-the-Move technology can be applied to various prospective UGVs for land operations to improve mission performance, combat effectiveness, and worker safety. These involve finding, removing, and getting through minefields and other barriers.
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The satcom on the move market is segmented:
1) By Type: Equipment, Service
2) By Frequency: C Band, L Band, S Band, X Band, Ka Band, Ku Band, UHF Band, SHF Band
3) By Platform: Land Mobile, Airborne, and Maritime
4) By Vertical: Commercial, Government, And Defense
Technological advancement is a key trend gaining popularity in the SATCOM on the move market. Major players in the SATCOM on the move sector are focused on technological advancements to sustain their market position. For instance, in June 2020, a UK-based defense and space manufacturer launched an innovative SatCom on the Move land solution as a part of the Syracuse IV ground segment. The SatCom on the Move solution offers special capacity with non-simultaneous dual-bands X and Mil-Ka and ensures a constant connection regardless of the electromagnetic environment. The change of band enables all users to keep the required bandwidth to complete their tasks even in the presence of severe rain or jammin
The satcom on the move market report table of contents includes:
1. Executive Summary
2. SATCOM On The Move Market Characteristics
3. SATCOM On The Move Market Trends And Strategies
4. SATCOM On The Move Market – Macro Economic Scenario
5. SATCOM On The Move Market Size And Growth
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26. Africa SATCOM On The Move Market
27. SATCOM On The Move Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The SATCOM On The Move Market
29. SATCOM On The Move Market Future Outlook and Potential Analysis
30. Appendix
Top Major Players:
- ST Engineering
- L3 Harris Technologies
- Thales Group
- Viasat Inc
- Gilat Satellite Networks
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