The Business Research Company’s report on the Satellite Communication (SATCOM) Equipment Market provides insights into the global market size, growth rate, regional distribution, competitive landscape, key segments, emerging trends, and strategic opportunities.
What are the key drivers behind the satellite communication (satcom) equipment market’s growth in recent years?
The increasing number of mobile satellite services and small satellites is driving the growth of the satellite communication (SATCOM) equipment market. Mobile satellite services (MSS) offer two-way voice and data communications to people all over the world who are travelling or residing in remote areas. Widespread adoption of small satellites and mobile satellites is increasing as it gives the entire program crucial flexibility for earth science research missions. With the help of satellite communication equipment, small satellites help scientists advance scientific and human exploration, reduce the cost of new space missions, and expand access to space. For instance, in June 2023, according to the Satellite Industry Association, a US-based trade association, the Satellite Ground Segment sector generated over $145 billion in 2022, with more than 7 billion satellite-enabled smartphones and growing broadband and GNSS terminals globally. Therefore, the increasing number of mobile satellite services and small satellites is driving the demand for the satellite communication (SATCOM) equipment market growth.
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How does the future projection of the satellite communication (satcom) equipment market size compare to its historical growth?
The satellite communication (SATCOM) equipment market size has grown rapidly in recent years. It will grow from $41.99 billion in 2024 to $47.13 billion in 2025 at a compound annual growth rate (CAGR) of 12.2%. The growth in the historic period can be attributed to expansion of satellite-based broadcasting, growth in military and defense satellite communication, increased demand for broadband connectivity, growth in remote sensing and earth observation, growing use of satellite technology in defense and government sectors.
The satellite communication (SATCOM) equipment market size is expected to see rapid growth in the next few years. It will grow to $88.13 billion in 2029 at a compound annual growth rate (CAGR) of 16.9%. The growth in the forecast period can be attributed to deployment of high-capacity geostationary satellites, integration with 5g networks, demand for low earth orbit (LEO) satellite constellations, expansion of satellite internet services, emphasis on secure satellite communication. Major trends in the forecast period include miniaturization of satellite communication equipment, use of software-defined satellite technology, hybrid satellite and terrestrial communication solutions, integration of artificial intelligence in satcom systems, adoption of high-frequency satellite bands for improved connectivity.
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Which key players are shaping the future of the satellite communication (satcom) equipment market?
Major companies operating in the satellite communication (SATCOM) equipment market include SKY Perfect JSAT Holdings Inc, L3 Technologies Inc., SES S. A, Telesat LLC, Intelsat S. A., Viasat Inc., General Dynamics Corporation, Cobham Limited, Thuraya Telecommunications Company, Qualcomm Technologies Inc., EchoStar Corporation, Honeywell International Inc., Hughes Network Systems LLC, Boeing Company, General Dynamics Mission Systems Inc., Iridium Communications Inc., ASELSAN A. S., Intellian Technologies Inc., Campbell Scientific Inc., ST Engineering iDirect Inc., Thales Group, Raytheon Technologies Corporation, Inmarsat Communications, KVH Industries Inc., Orbcomm Inc., Cobham PLC, Maxar Technologies Inc., Viking SatCom Inc., Kepler Communications, Gilat Satellite Networks, Comtech Telecommunications Corp., GomSpace Group AB, NanoAvionics, AAC Clyde Space AB, Spaceflight Industries, Satellogic, Spire Global Inc., Planet Labs Inc., OneWeb Satellites, Blue Canyon Technologies
What trends will propel the growth and evolution of the satellite communication (satcom) equipment market?
Product innovations are the key trend gaining popularity in the satellite communication equipment market. Major companies operating in the satellite communication equipment sector are focused on developing new product innovations and solutions to strengthen their position. For instance, in September 2023, Hanwha Systems, a South Korean-based aerospace and defense company, through its subsidiary Hanwha Phasor, introduced a land, marine, and manportable version of its on-the-move (OTM) satellite communications (satcom) antenna at the Defense & Security Equipment International (DSEI) 2023 in London. Customers can purchase the land variant by the end of 2024; it is appropriate for first responders, heavy artillery platforms, and command-and-control vehicles like Humvees.
Which regions are expected to become dominant players in the satellite communication (satcom) equipment market?
North America was the largest region in the satellite communication (SATCOM) equipment market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the satellite communication (SATCOM) equipment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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What are the emerging key segments in the satellite communication (satcom) equipment market, and how are they evolving?
The satellite communication (SATCOM) equipment market covered in this report is segmented –
1) By Satellite Type: Large Satellite (>2500 KG), Medium Satellite (501 – 2500 KG), Small Satellite (1 – 500 KG), Cubesat (0. 27 – 27 Cubic Unit Of 103 Cm)
2) By Component Type: Amplifiers, Transceivers, Space Antennas, Transponders, Other Components
3) By Application: Navigation, Scientific Research, Communication, Remote Sensing, Other Applications
4) By End-Use: Commercial, Government and Military
Subsegments:
1) By Large Satellite (>2500 KG): Geostationary Satellites, High-Throughput Satellites (HTS)
2) By Medium Satellite (501 – 2500 KG): Communication Satellites, Earth Observation Satellites
3) By Small Satellite (1 – 500 KG): Microsatellites, Nanosatellites
4) By CubeSat (0.27 – 27 Cubic Units of 10 cm): 1U CubeSat (10 cm x 10 cm x 10 cm), 3U CubeSat (10 cm x 10 cm x 30 cm), 6U CubeSat (10 cm x 20 cm x 30 cm)
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What defines the structure and scope of the satellite communication (satcom) equipment market?
Satellite communication (Satcom) equipment includes various devices and technologies used to facilitate communication via satellites. This encompasses ground stations, satellite antennas, transponders, amplifiers, and modems that enable data transmission for television, internet, and telephony services across vast distances, supporting both commercial and military applications.
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