The satcom transceivers global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
SATCOM Transceivers Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The SATCOM Transceivers market size has grown rapidly in recent years. It will grow from $24.33 billion in 2023 to $26.81 billion in 2024 at a compound annual growth rate (CAGR) of 10.20%. The growth in the historic period can be attributed to expanding use in defense and military applications, increasing adoption in commercial aviation, growth of the commercial space industry, increasing demand for remote sensing applications, rising integration of the internet of things (IoT).
The SATCOM Transceivers market size is expected to see rapid growth in the next few years. It will grow to $39.26 billion in 2028 at a compound annual growth rate (CAGR) of 10.00%. The growth in the forecast period can be attributed to increasing demand for real-time data transfer, rise of unmanned aerial vehicles (UAVs) and autonomous systems, growing number of satellite launches, growing demand for in-flight connectivity, growing demand for high-throughput satellites (HTS). Major trends in the forecast period include technological innovation in SATCOM transceivers, advancements in satellite technology, advancements in RF and microwave technologies, development of software-defined radios (SDR) technology, use of artificial intelligence (AI).
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Scope Of SATCOM Transceivers Market
The Business Research Company’s reports encompass a wide range of information, including:
- Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
- Drivers: Examination of the key factors propelling market growth.
- Trends: Identification of emerging trends and patterns shaping the market landscape.
- Key Segments: Breakdown of the market into its primary segments and their respective performance.
- Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
- Macro Economic Factors: Assessment of broader economic elements impacting the market.
SATCOM Transceivers Market Overview
Market Drivers –
The growing number of satellite launches is expected to propel the growth of the SATCOM transceivers market going forward. Satellite launches refer to sending satellites into space using a launch vehicle or rocket to place them into orbit around Earth or to travel to other celestial bodies. Satellite launches are increasing due to government funding, low costs, rapid development cycles, and versatility. A SATCOM transceiver enables real-time satellite and ground control communication, facilitating command and control, data transmission, and monitoring of the satellite’s health and status. For instance, in September 2022, according to the U.S. Government Accountability Office, a U.S.-based government agency, nearly 5,500 satellites were in orbit in 2022, with an estimated 58,000 more to be launched by 2030. Therefore, the growing number of satellite launches is driving the growth of the SATCOM transceivers market.
Market Trends –
Major companies operating in the SATCOM transceivers market are focused on developing innovative technologies such as very-small-aperture terminals (VSAT) to increase their profitability in the market. A very small aperture terminal (VSAT) provides reliable point-to-point data, voice, or video communication links in SATCOM transceivers, allowing for global communication and connectivity and enabling access to data and information from various locations worldwide. For instance, in August 2022, Cobham Ltd., a UK-based aerospace company, launched the SAILOR 1000 XTR Ka and SAILOR 600 XTR Ka antennas, part of the innovative SAILOR XTR series, to enhance broadband access via the THOR 7 satellite, boasting features such as advanced VSAT, dual-polarization, and wide-band Ka capabilities. These antennas promise seamless tech integration, easy setup, and superior performance, aiming to improve safety, reduce costs, and minimize environmental impact through reliable data connectivity on Telenor Satellite’s European network.
The satcom transceivers market covered in this report is segmented –
1) By Component: Navigation, Scientific Research, Communication, Remote Sensing, Other Components
2) By Frequency Band: K Band, C Band, X Band, Ku Band, Other Frequency Band
3) By Application: Air Traffic Control, Satellite Communication, Direct To Home, X-Ray, Electronic Countermeasure (ECM), Food Processing, Material Processing, Other Applications
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Regional Insights –
North America was the largest region in the SATCOM transceivers market in 2023. The regions covered in the satcom transceivers market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Companies –
Major companies operating in the satcom transceivers market are Hitachi Ltd., The Boeing Company, Airbus SE, Northrop Grumman Corporation, Mitsubishi Electric Corporation, Honeywell International Inc., Fujitsu Limited, NEC Corporation, Thales Group, L3Harris Technologies Inc., Kyocera Corporation, Viasat Inc., Cobham Limited, Rohde & Schwarz GmbH & Co. KG, SES S.A., Intelsat Ltd., Iridium Communications Inc., KVH Industries Inc., Comtech EF Data Corporation, AnaCom Inc., Intellian Technologies Inc., Advantech Wireless Technologies Inc., Skyware Technologies Limited, ACORDE TECHNOLOGIES S.A., Amplus Communication Pte. Ltd., ViaLite Communications LLC, Arralis Ltd.
Table of Contents
- Executive Summary
- SATCOM Transceivers Market Report Structure
- SATCOM Transceivers Market Trends And Strategies
- SATCOM Transceivers Market – Macro Economic Scenario
- SATCOM Transceivers Market Size And Growth
…..
- SATCOM Transceivers Market Competitor Landscape And Company Profiles
- Key Mergers And Acquisitions
- Future Outlook and Potential Analysis
- Appendix
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