Global Satellite Communication Market 2023: Industry Growth Rate, Latest Technology, New Innovations And Forecast To 2032 | Top Players Are Thales Group, Honeywell International Inc, L3Harris Technologies, Inc., Viasat, Inc., Cobham Limited

The Business Research Company’s Satellite Communication Global Market Report 2023 is the most detailed report available on the market, including broad forecast periods and multiple geographies. The report covers the historic period – 2010-2021, and the forecast period – 2023-2032. The Satellite Communication Global Market Report 2023 evaluates satellite communication market size, growth rate, drivers, trends, and major companies.

The report provides a global perspective by covering 60 geographies and focusing on major economies in each region – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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The global satellite communication market is poised for substantial growth, with an anticipated increase from $83,680.3 million in 2027, and this growth is expected to surge at an impressive rate of 9.5%. Beyond this, a promising trajectory unfolds, as the market is projected to undergo a compounded annual growth rate (CAGR) of 11.4% from 2027, culminating in an impressive value of $143,872.3 million by 2032.

This dynamic expansion is fueled by the burgeoning adoption of low earth orbit (LEO) satellites across a diverse spectrum of sectors, serving as a pivotal force propelling the satellite communication market throughout the forecast period. LEO satellites, widely acclaimed as the vanguard technology poised to revolutionize the realms of internet and digital communication, have ushered in a transformative era. A testament to this paradigm shift is the announcement made by the US Space Force’s Commercial Satellite Communications Office (CSCO) in June 2022. CSCO outlined its ambitious plan to award approximately $2.3 billion in commercial satcom contracts over the ensuing two years, securing satellite communication services for the US armed forces and their global allies.

The grandest of these opportunities is an $875 million multiple-award contract aimed at facilitating low earth orbit satellite broadband services over a decade. This substantial investment underscores the pivotal role that LEO satellites are poised to play in propelling the satellite communication market’s growth trajectory. The future of global connectivity and communication is set on an exciting and progressive course, driven by the inexorable rise of LEO satellites.

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The satellite communication market segments in the report are:
1) By Component: Transponder; Transceiver; Antenna; Receiver; Other Components
2) By Technology: SATCOM Automatic Identification System; SATCOM VSAT; SATCOM On The-Move (SOTM); SATCOM On The Pause (SOTP); SATCOM Telemetry
3) By Application: Asset Tracking/Monitoring; Airtime; Data Backup And Recovery; Navigation And Monitoring; Broadcasting; Drones’ Connectivity; Tele-Medicine; Other Applications
4) By Vertical: Government And Military Applications; Civil Satellite Communications; Commercial Application; Other Verticalsser Industries

Top 5 Major Players:

• Thales Group
• Honeywell International Inc
• L3Harris Technologies, Inc.
• Viasat, Inc.
• Cobham Limited

Table of contents :
1. Executive Summary
2. Table Of Contents
3. List Of Figures
4. List Of Tables
5. Report Structure

……

18. Competitive Landscape And Company Profiles
19. Key Mergers and Acquisitions
20. Opportunities And Strategies
21. Satellite Communication Market, Conclusions And Recommendations
22. Appendix

List Of Tables:
Table 1: Global Satellite Communication Market, Historic, 2017 – 2022, $ Million
Table 2: Global Satellite Communication Market, Forecast, 2022 – 2027, 2032F, $ Million
Table 3: Global Satellite Communication Market, Segmentation By Component, Historic And Forecast, 2017 – 2022, 2027F, 2032F, %
Table 4: Global Satellite Communication Market, Segmentation By Component, Historic And Forecast, 2017 – 2022, 2027F, 2032F, $ Million
Table 5: Global Satellite Communication Market, Segmentation By Technology, Historic And Forecast, 2017 – 2022, 2027F, 2032F, %

….

Table 183: Global Satellite Communication Market Size Gain ($ Million), Segmentation By Component, 2022 – 2027
Table 184: Global Satellite Communication Market Size Gain ($ Million), Segmentation By Technology, 2022 – 2027
Table 185: Global Satellite Communication Market Size Gain ($ Million), Segmentation By Application, 2022 – 2027
Table 186: Global Satellite Communication Market Size Gain ($ Million), Segmentation By Vertical, 2022 – 2027
Table 187: Satellite Communication – Market Data Sources

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