Categories: Market Research

Satellite Antenna Market Forecast 2024-2033: Growth Rate, Drivers, And Trends

The Satellite Antenna Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).

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According to The Business Research Company’s Satellite Antenna Global Market Report 2024, The satellite antenna market size has grown rapidly in recent years. It will grow from $3.27 billion in 2023 to $3.61 billion in 2024 at a compound annual growth rate (CAGR) of 10.4%. The growth in the historic period can be attributed to global expansion of satellite communication, demand for high data transmission rates, rise in demand for broadcasting services, military and defense applications, exploration and navigation needs.

The satellite antenna market size is expected to see rapid growth in the next few years. It will grow to $5.41 billion in 2028 at a compound annual growth rate (CAGR) of 10.7%. The growth in the forecast period can be attributed to emergence of low earth orbit (LEO) satellites, demand for high-frequency bands, expansion of 5G satellite networks, increasing space exploration missions. Major trends in the forecast period include integration of artificial intelligence (AI) in antenna systems, demand for high-throughput satellite (HTS) systems, focus on antenna design for electrically small satellites, increased emphasis on antenna testing and simulation, rising interest in inter-satellite links (ISL).

The rise in demand for small satellites is driving the satellite antenna market. Small satellites are cost-efficient and cheaper to launch while offering effective connectivity. The increased deployment of small satellites has fueled innovation and expansion in the satellite antenna industry, creating a desire for more compact, cost-effective, and technologically sophisticated antenna systems. For instance, the United States Government Accountability Office (GAO) and Euroconsult are aiming to launch a considerable number of tiny satellites by 2030, there are about 5,500 active satellites in orbit as of spring 2022, with one projection predicting an additional 58,000 launches by 2030, largely in low Earth orbit (LEO). Therefore, the rising demand for small satellite will boost the market demand for satellite antenna.

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The satellite antenna market covered in this report is segmented –

1) By Antenna Type: Flat Panel Antenna, Parabolic Reflector Antenna, Horn Antenna

2) By Component Type: Reflectors, Feed Horns, Feed Networks, Low Noise Converters, Other Component Types

3) By Frequency Band: C Band, K/KU/KA Band, S And L Band, X Band, VHF And UHF Band, Other Frequency Bands

4) By Application: Space, Land, Maritime

Major companies operating in the satellite antenna market are developing new products such as flat panel antenna to gain a competitive edge in the market. A flat panel antenna refers to a type of antenna design that is characterized by its flat, planar shape. For instance, in June 2023, Kymeta Corporation, a US-based company specializing in satellite communication and flat-panel antenna technology, launched the Peregrine u8 LEO terminal. The Peregrine u8 LEO terminal has several benefits over conventional maritime antennas, including being energy-efficient, small, and not requiring any high-power below-deck hardware. This cutting-edge antenna seeks to revolutionize marine communications by providing tiny and low-power solutions for the maritime industry by utilizing OneWeb’s LEO network. Kymeta meets its clients’ unmet need for truly mobile connection and ubiquitous broadband by providing solutions specifically built for a variety of military and commercial applications.

The satellite antenna market report table of contents includes: