Satellite Communications (SATCOM) Market Report 2022-2027,

Satellite Communications Market (SATCOM)

According to IMARC Group’s latest report, titled “Satellite Communications (SATCOM) Market: Global Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2022-2027”, the global Satellite Communications (SATCOM) market is expected to show a CAGR of 9.5% during the period 2022-2027. Satellite communication (SATCOM) is an artificial satellite communication system that supports data link channels. It includes the transmission of radio waves by satellites to capture and process information through antennas and transponders installed in different places on Earth. It consists of a data unit, a high-power amplifier, an antenna and a steerable beam that transmits information in voice, audio and video formats through electromagnetic waves and carrier signals. Thanks to these properties, SATCOM finds many applications in various industries for broadcasting, navigation, remote sensing and weather monitoring.
As the novel coronavirus (COVID-19) crisis grips the world, we are continuously monitoring changes in markets, as well as consumer buying behaviors around the world – our estimates on the latest market trends and values planned after taking into account the impact of this pandemic.

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Global Satellite Communications (SATCOM) Market Trends:

The market is mainly driven by the expanding aerospace and aviation industries. In addition, various technological advances, such as the integration of Internet of Things (IoT) connected devices and the introduction of portable SATCOM systems that enable the smooth operation of autonomous vehicles, and the deployment of remote and terrestrial networks represent another major growth-inducing factor. Additionally, SATCOM is widely used in the military and defense sector for wide area network (WAN) communications, cellular backhaul, Internet trucking, television broadcasting, and rural telephony. This, coupled with the increase in partnerships and mergers and acquisitions (M&A) among major players, is also contributing to the growth of the market. For example, Viasat, Inc. signed a partnership agreement with SKY Brazil, one of Brazil’s leading satellite pay-TV operators, in January 2021 to expand the availability of reliable and fast satellite internet throughout Brazil. . Additionally, significant developments in telecommunications infrastructure and growing use of cloud-based services for ground-based mobility platforms are creating favorable market prospects across the globe.

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Global Satellite Communications (SATCOM) Market Analysis and Segmentation 2022-2027:

Competitive landscape with key players:

The competitive landscape of the industry has also been examined along with the profiles of key players.

• Cobham Limited
• EchoStar Corporation
• General Dynamics Corporation
• Gilat satellite networks
• Honeywell International Inc.
• L3Harris Technologies Inc.
• SES SA
• SKY Perfect JSAT Holdings Inc.
• Telesat (Loral Space & Communications Inc.)
• Thuraya Telecommunications Company (Al Yah Satellite Communication Company)
• Viasat Inc.

Breakdown by component:

• Equipment

o Transmitter/Transponder
o Antenna
o Transceiver
o Receiver
Modem/Router
o Others

• Services

Breakdown by application:

• Voice communication
• Diffusion
• Data communication

Breakdown by end-use industry:

• Aeronautics and Defense
• Transport and logistics
• Agriculture
• Government and military
• Media and Entertainment
• Others

Breakdown by region:

• North America (United States, Canada)
• Europe (Germany, France, United Kingdom, Italy, Spain, Others)
• Asia-Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
• Latin America (Brazil, Mexico, others)
• Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, others)

Main highlights of the report:

• Market performance (2016-2021)
• Market Outlook (2022-2027)
• Porter’s five forces analysis
• Market drivers and success factors
• SWOT analysis
• Value chain
• Complete mapping of the competitive landscape

If you need specific information that is not currently covered in the report, we can provide it to you as part of the customization.

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The IMARC Group is a leading market research firm providing management strategies and market research worldwide. We partner with clients across all industries and geographies to identify their most important opportunities, address their most critical challenges and transform their businesses.

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