SATCOM Equipment Market Forecast and Trends Analysis Research Report 2020-2027

Satellite Communication or SATCOM is the use of satellite technology in the field of communication. SATCOM provides communication capabilities over long distances and can operate under different forms of communication condition or circumstances. The services offered by SATCOM include internet, video calling, television, fax, and radio channels. It also helps in increasing the communication and information technology infrastructure in the far-flung areas where human access is not possible. SATCOM is backbone of space industry due to the rising emphasis on building and launching communication satellites.

The key factors propelling the growth of SATCOM Equipment market include the rising need for high throughput satellite services, growing fleet of autonomous and connected devices, and the increasing usage of internet of things (IoT) across the globe. Presently, different group of devices are connected through internet which include multiple smart devices such as toys, robotic vacuum cleaners, toasters, and door locks. With the emerging IoT, these smart devices are increasingly getting connected through actuators and sensors to collect information from multiple systems and take actions to enhance the efficiency and productivity. SATCOM technology plays a vital role in enabling new applications and business process that makes IoT a reality. SATCOM is benefitting the development of smart cities, as the government is focusing on IoT to accelerate smarter resource allocation and energy efficiency measures to help make cities more sustainable. In addition to this, the growing penetration of devices across the world, surges a demand for IoT across the globe. All these factors will have a positive impact on the growing demand of SATCOM equipments over the coming years. SATCOM in IoT offers numerous remarkable benefits such as reliability, facilitation of retail and mobile banking, rising use of sensor networks, enhance speed, cost, and integration. On the other hand, high maintenance and development of earth station infrastructure to support SATCOM devices might hamper the growth of the market

Based on end-use, the market is segmented into portable, land mobile, maritime, airborne, and land fixed. Among these, the maritime SATCOM equipment segment is projected to grow at a higher CAGR during the forecast period. Commercial and naval vessels require vigorous satellite communication system to sustain contact with shore under any sea or weather conditions. Maritime SATCOM also delivers the best turnkey terminals for television reception and internet access, therefore accelerating the growth of the segment.

On the basis of vertical, the market is segmented into government & defense, and commercial. Among these, the commercial segment is expected to grow at a higher CAGR during the forecast period. There has been an increased usage of SATCOM equipment in various commercial applications such as weather monitoring, telecommunications, navigation, among others.

Based on the Region, Asia-Pacific is projected to grow at a higher CAGR during the forecast period owing to the rise in demand for mobile broadband, rise in digital TV and direct-to-home entertainment services and rising usage of satellite antennas in passenger cars and other vehicles . Moreover, technical advancements in the field of satellites has led to the advancement of SATCOM equipment in terms of function, design, and integration. Hence, Asia-Pacific is considered as beneficial market for regional and domestic SATCOM equipment manufacturers.

The key players operating the SATCOM Equipment market include General Dynamics Corporation, Cobham Plc, L3 Technologies Inc, Viasat Inc, Harris Corporation, Datum Systems Inc, Codan Satcom, AVL Technologies, Newtec Group, and Anacom Inc. among others.

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Created on May 13th 2020 06:19. Viewed 305 times.

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