Report Id: SNS/A&D/1223 | May 2022 | Region: Global | 125 Pages
Report Scope & Overview:
Satellite Communication Equipment Market Size was valued at USD 27 billion in 2022 and is expected to reach USD 116.09 billion by 2030, and grow at a CAGR of 20% over the forecast period 2023-2030.
Because of the increased launch of satellites in recent years, the worldwide satellite communication equipment market for space is making significant growth. SATCOM equipment includes electronic gear such as amplifiers, space antennas, and transceivers that allow communication with satellites in Earth's orbit or space. Space SATCOM equipment is the backbone of space agencies and commercial space firms, as it manages the space industry's information and communication infrastructure. SATCOM is also used for direct-to-home television broadcasting, communications, digital satellite news gathering, weather tracking, and other purposes.
Satellite communications refers to the application of satellite technology to the field of communication. Satellite communications services include phone and video calling, internet, fax, television and radio channels. Satellite communications can give communication capabilities across large distances and under circumstances or conditions that make other types of communication unworkable. Because of the rising use of satellite antennas in automobiles in the region, the Asia Pacific SATCOM equipment market is predicted to grow at the fastest rate. With recent space exploration missions by space agencies such as the Indian Space Research Organization and the China National Space Administration, the Asia Pacific SATCOM equipment market has seen significant expansion.
Boosting up R&D
Cyber security Attacks
THE IMPACT OF COVID-19
Governments around the world have enforced a lockdown to halt the spread of COVID-19, which has a direct influence on the efficiency of space agencies due to a labor scarcity.
SATCOM equipment makers are experiencing supply chain interruption as a result of government measures to limit the COVID-19 epidemic, which is affecting the production process. Due to observatory access constraints due to lockdown, the COVID-19 pandemic is affecting the number and quality of climate monitoring and weather forecasts.
Due to operational challenges caused by travel bans enforced by governments in response to the COVID-19 pandemic, space agencies are compelled to postpone forthcoming satellite launches and space missions.
The COVID-19 pandemic has wreaked havoc on the economies of countries all over the world. SATCOM equipment manufacturing, including systems, subsystems, and components, has also been disrupted. Although SATCOM equipment is vital for a successful satellite mission, supply chain issues have temporarily halted their manufacturing processes. The level of COVID-19 exposure, the level at which industrial operations are functioning, and import-export rules, among other considerations, all influence the resumption of manufacturing activity. While businesses may still accept orders, delivery times may not be fixed.
IMPACT OF UKRAINE & RUSSIA CRISIS;
In some parts of eastern Ukraine, Russian proxy interference against Ukrainian military forces conducting anti-terrorist operations involves jamming of VHF, UHF, and GSM signals as well as full network suppression. Tactical communication network targeting has encouraged several armed services across the world, including the US Department of Defense (DoD), to examine other forms of communication in a tactical context. This view might be extremely beneficial to the antenna industry, as militaries aim to modernize their tactical capabilities and achieve higher levels of perfection. SOTM will become a highly feasible, if not vital, tool in such cases.
Based on the solution, the product market is expected to lead the SATCOM equipment market from 2022 to 2028. This is due to the increasing demand for segmented antenna systems on aircraft and marine platforms, high-speed data connection on aircraft, high demand. -Data washing data in rough and private areas and weather protection areas that protect SATCOM sticks. Comtech Telecommunications Corp. received a contract from NASA's Glenn Research Center for the Ka- / S-band antenna system and a Radome to be installed at its new Aerospace Communications facility in Cleveland, OH, supporting high bandwidth space and aeronautics communications. research. Thales received its third delivery order to provide US troops with an upgraded AN / PRC-148D multiband inter / intra team radio. IMBITR radio order number was over 6,100.
Based on the platform, the SATCOM aerial segment is projected to lead the SATCOM equipment market from 2022 to 2028 and is expected to grow steadily due to the growing demand for high definition, surveillance, and re-intelligence (ISR) technology, as well as the growing number of videos. connected. commercial aircraft, the growth of UAV adoption and a growing number of private airlines around the world that support market growth. French Airforce has improved its Airborne Satellite communication capabilities through new Thales technology. The French defense agency has awarded Thales a contract to design and build the next generation of Syracuse satellite communications system.
Based on the vertical position, the commercial sector is expected to lead the SATCOM equipment market from 2022 to 2028. This is due to the growing demand for uninterrupted access to broadband in remote and remote regions, information dissemination and entertainment, the widespread use of small satellites for commercial purposes. and data transfer, technological advances in the transport and goods network, and the growing need for broadband connectivity and VSAT connectivity., the Digital Communications Commission accepted a sector regulator's invitation to allow VSAT operators to provide satellite-based mobile connectivity to telcos to ensure uninterrupted broadband coverage in remote and remote areas.
The SATCOM equipment market is divided into portable SATCOM equipment, land mobile SATCOM equipment, maritime SATCOM equipment, airborne SATCOM equipment, and land fixed SATCOM equipment based on end-use.
These are the market key player Innovative Solutions in Space B.V., Airbus SE, Harris Corporation, Oxford Space Systems, Mitsubishi Electric Corporation, Antwerp Space, Maxar Technologies, Ball Aerospace & Technologies Corporation, General Dynamics Corporation, Honeywell International Inc.
KEY MARKET SEGMENT:
By End Use:
Based on the region, North America is expected to lead the SATCOM equipment market from 2022 to 2028. The US is a highly profitable market for SATCOM equipment in the North American region. The US government is increasingly investing in the SATCOM sector to improve the quality and effectiveness of satellite communications. Increasing investment in SATCOM equipment to improve defense and security capabilities, modernization of existing battlefields, critical infrastructure and law enforcement agencies are increasingly using SATCOM equipment to be the key drivers of the SATCOM commodity market in North America. the US Special Operations Command awarded Cubic Mission Solutions for a follow-up, single award, unlimited delivery/quantity worth USD 174 million. The contract is for the delivery of SATCOM terminals with inflatable Ground Area Transmit Receive and baseband communications equipment to support the special needs of Special Operations Forces
Rest of Europe
Rest of Asia-Pacific
The Middle East & Africa
Rest of Middle East & Africa
Rest of Latin America
|Market Size in 2022||US$ 27 Billion|
|Market Size by 2030||US$ 116.09 Billion|
|CAGR||CAGR of 20% From 2023 to 2030|
|Report Scope & Coverage||Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook|
|Key Segments||• By Solution (Products, Services)
• By Technology (SOTM/COTM, SOTP)
• By Application (Navigation, Scientific Research, Communication, Remote Sensing, Others)
• By Platform (Portable, Land Mobile, Land Fixed, Airborne, Maritime)
• By End Use (Commercial, Government, Military)
|Regional Analysis/Coverage||North America (USA, Canada, Mexico), Europe
(Germany, UK, France, Italy, Spain, Netherlands,
Rest of Europe), Asia-Pacific (Japan, South Korea,
China, India, Australia, Rest of Asia-Pacific), The
Middle East & Africa (Israel, UAE, South Africa,
Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America)
|Company Profiles||Innovative Solutions in Space B.V., Airbus SE, Harris Corporation, Oxford Space Systems, Mitsubishi Electric Corporation, Antwerp Space, Maxar Technologies, Ball Aerospace & Technologies Corporation, General Dynamics Corporation, Honeywell International Inc.|
• Global Connectivity
|RESTRAINTS||• High cost
• Regular maintenance
• Boosting up R&D
Frequently Asked Questions (FAQ) :
Table of Contents:
1.1 Market Definition
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
4. Impact Analysis
4.1 COVID-19 Impact Analysis
4.2 Impact of Ukraine- Russia war
4.3 Impact of ongoing Recession
4.3.2 Impact on major economies
220.127.116.11 United Kingdom
18.104.22.168 South Korea
22.214.171.124 Rest of the World
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8. Satellite Communication Equipment Market, By Solution
9. Satellite Communication Equipment Market, By Technology
9.1 SOTM/ COTM
10. Satellite Communication Equipment Market, By Platform
10.2 Land Mobile
10.3 Land Fixed
11. Satellite Communication Equipment Market, By Application
11.2 Scientific Research
11.4 Remote Sensing
12. Satellite Communication Equipment Market, End User
13. Regional Analysis
13.2 North America
13.3.6 The Netherlands
13.3.7 Rest of Europe
13.4.2 South Korea
13.4.6 Rest of Asia-Pacific
13.5 The Middle East & Africa
13.5.3 South Africa
13.6 Latin America
13.6.3 Rest of Latin America
14. Company Profiles
14.1 Oxford Space Systems
14.1.2 Products/ Services Offered
14.1.3 SWOT Analysis
14.1.4 The SNS view
14.2 Honeywell International Inc.
14.3 ISIS – Innovative Solutions in Space B.V.
14.4 General Dynamics Corporation
14.5 Airbus SE
14.6 Mitsubishi Electric Corporation
14.7 Harris Corporation
14.8 Antwerp Space
14.9 Ball Aerospace & Technologies Corporation
14.10 Maxar Technologies
15. Competitive Landscape
15.1 Competitive Benchmarking
15.2 Market Share analysis
15.3 Recent Developments
An accurate research report requires proper strategizing as well as implementation. There are multiple factors involved in the completion of a good and accurate research report and selecting the best methodology to complete the research is the toughest part. Since the research reports, we provide play a crucial role in any company’s decision-making process, therefore we at SNS Insider always believe that we should choose the best method which gives us results closer to reality. This allows us to reach a stage wherein we can provide our clients best and most accurate investment to output ratio.
Each report that we prepare takes a timeframe of 350-400 business hours for production. Starting from the selection of titles through a couple of in-depth brainstorming sessions to the final QC process before uploading our titles on our website we dedicate around 350 working hours. The titles are selected based on their current market cap and the foreseen CAGR and growth.
The 5 steps process:
Step 1: Secondary Research:
Secondary Research or Desk Research as the name suggests is a research process wherein, we collect data through readily available information. In this process, we use various paid and unpaid databases to which our team has access and gather data through the same. This includes examining listed companies’ annual reports, Journals, SEC filling, etc. Apart from this, our team has access to various associations across the globe across different industries. Lastly, we have exchange relationships with various universities as well as individual libraries.
Step 2: Primary Research
When we talk about primary research, it is a type of study in which the researchers collect relevant data samples directly, rather than relying on previously collected data. This type of research is focused on gaining content-specific facts that can be sued to solve specific problems. Since the collected data is fresh and first-hand therefore it makes the study more accurate and genuine.
We at SNS Insider have divided Primary Research into 2 parts.
Part 1 wherein we interview the KOLs of major players as well as the upcoming ones across various geographic regions. This allows us to have their view over the market scenario and acts as an important tool to come closer to accurate market numbers. As many as 45 paid and unpaid primary interviews are taken from both the demand and supply sides of the industry to make sure we land an accurate judgment and analysis of the market.
This step involves the triangulation of data wherein our team analyses the interview transcripts, online survey responses, and observation of on-field participants. The below-mentioned chart should give a better understanding of part 1 of the primary interview.
Part 2: In this part of the primary research the data collected via secondary research and part 1 of the primary research is validated with the interviews with individual consultants and subject matter experts.
Consultants are those set of people who have at least 12 years of experience and expertise within the industry whereas Subject Matter Experts are those with at least 15 years of experience behind their back within the same space. The data with the help of two main processes i.e., FGDs (Focused Group Discussions) and IDs (Individual Discussions). This gives us a 3rd party nonbiased primary view of the market scenario making it a more dependable one while collation of the data pointers.
Step 3: Data Bank Validation
Once all the information is collected via primary and secondary sources, we run that information for data validation. At our intelligence center, our research heads track a lot of information related to the market which includes the quarterly reports, the daily stock prices, and other relevant information. Our data bank server gets updated every fortnight and that is how the information which we collected using our primary and secondary information is revalidated in real-time.
Step 4: QA/QC Process
After all the data collection and validation our team does a final level of quality check and quality assurance to get rid of any unwanted or undesired mistakes. This might include but is not limited to getting rid of the many typos, duplication of numbers, or missing any important information. The people involved in this process include technical content writers, research heads, and graphics people. Once this process is completed the title gets uploaded on our platform for our clients to read it.
Step 5: Final QC/QA Process:
This is the last process and comes when the client has ordered the study. In this process a final QA/QC is done before the study is emailed to the client. Since we believe in giving our clients a good experience of our research studies, therefore, to make sure that we do not lack at our end in any way humanly possible we do a final round of quality check and then dispatch the study to the client.