The Global Satellite Communication (SATCOM) Equipment market accounted for US$ 22.08 billion in 2018 and is expected to reach US$ 53.79 billion by 2027 growing at a CAGR of 10.4% during the forecast period according to new research by Research and Markets.
Growing demand in the aviation industry and rising need for uninterrupted communication in various industries are the major key factors driving market growth. Moreover, the growing usage of cloud-based services for ground mobility platform will provide ample opportunities for market growth. However, high component and manufacturing cost may hamper market growth.
Communications via satellite are the superior reliability unlike other forms of communication and provide superior performance as uniformity and speed. SATCOM consists of mainly an antenna, communication payload, transponder, switching systems, command, and control system. SATCOM equipment or satellite communication equipment are extensively used in a wide range of applications, including weather monitoring, telecommunications, navigation, military surveillance, etc.
On the basis of Technology, SATCOM Automatic Identification System has growing importance due to the increasing demand for a better identification system in maritime due to increasing maritime traffic. Satellite AIS is a vessel identification system used for collision avoidance, identification, location information. By geography, Asia Pacific going to have a lucrative growth during the forecast period owing to the rising usage of satellite antennas in automobiles and growing R&D activities related to SATCOM equipment in China and India.
Some of the key players in Satellite Communication (SATCOM) Equipment Market include Advantech Wireless, Aselsan, Avl Technologies, C-COM Systems, Comtech EF Data, Cobham, General Dynamics , Gilat Satellite Networks, Harris, Hughes Network Systems, Intellian Technologies, Iridium, L3 Technologies, ND SatCom, Network Innovations, Newtec, Spacebridge, Viasat, among others.
For more information please click on: SATCOM Equipment - Global Market Outlook (2018-2027)
