The Space Ground Station Equipment Global Market Report 2023, provides comprehensive information on the space ground station equipment market 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.
Learn More On The Space Ground Station Equipment Market’s Growth:
The global space ground station equipment market size is expected to grow from $8.70 billion in 2022 to $9.49 billion in 2023 at a compound annual growth rate (CAGR) of 9%. 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 global space ground station equipment market size is expected to reach $13.3 billion in 2027 at a CAGR of 8.7%.
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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 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
North America was the largest region in the space ground station equipment market in 2022.
The table of contents in TBRC’s space ground station equipment market report includes:
- Executive Summary
- Space Ground Station Equipment Market Characteristics
- Space Ground Station Equipment Market Trends And Strategies
- Space Ground Station Equipment Market – Macro Economic Scenario
- Space Ground Station Equipment Market Size And Growth
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- Africa Space Ground Station Equipment Market
- Space Ground Station Equipment Market Competitive Landscape And Company Profiles
- Key Mergers And Acquisitions In The Space Ground Station Equipment Market
- Space Ground Station Equipment Market Future Outlook and Potential Analysis
- Appendix
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The Business Research Company is a market intelligence firm that pioneers in market, company, and consumer research. TBRC’s specialist consultants are located globally and are experts in a wide range of industries that include healthcare, manufacturing, financial services, chemicals, and technology. The firm has offices located in the UK, the US, and India, along with a network of proficient researchers in 28 countries. Through the report businesses can gain a thorough understanding of the market’s size, growth rate, major drivers and leading players.
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