Satellite Communication (SATCOM) Market Size, Industry Analysis By Component (Equipment, Services) By Application (Asset Tracking, Drones Connectivity) By Vertical (Energy & Utility, Government & Defence, Emergency Responders) & Region - Forecast

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  • : Aug, 2020

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Global Satellite Communication (SATCOM) Market Analysis by Component, Application, Vertical, Region and segments forecast till 2033

Market Overview

The Global Satellite Communication (SATCOM) Market is valued at USD 80,333 million in 2022 and is projected to reach a value of USD 169,700 million in 2030 expanding at a CAGR of 9.8% over the forecast period of 2023-2033.

Report Scope

Report Attributes


Market Size in 2022

USD 80,333 Million

Market Forecast in 2033

USD 169,700 Million

CAGR % 2023-2033


Base Year


Historic Data


Forecast Period


Report USP

Production, Consumption, company share, company heatmap, company production capacity, growth factors and more

Segments Covered

Component, Application, Vertical

Regional Scope

North America, Europe, APAC, South America and Middle East and Africa

Country Scope

U.S.; Canada; U.K.; Germany; France; Italy; Spain; Benelux; Nordic Countries; Russia; China; India; Japan; South Korea; Australia; Indonesia; Thailand; Mexico; Brazil; Argentina; Saudi Arabia; UAE; Egypt; South Africa; Nigeria

Key Companies

SES S.A.; Viasat, Inc.; Intelsat; Telesat; EchoStar Corporation; L3 Technologies, Inc.; Thuraya Telecommunications Company; SKY Perfect JSAT Group; GILAT SATELLITE NETWORKS; Cobham Limited.

The primary factors that have fuelled the market growth are the escalating demand for small satellites for earth observation services in various industries that includes, oil and gas, energy, agriculture, and defence, across the globe. These signals are amplified and sent back to the receiver antenna on the earth's surface. Satellite communication (SATCOM) has played a crucial role in rising the communication technology infrastructure in rural areas. Today, several thousand artificial satellites are orbiting the earth and these artificial satellites transfer analogy and digital signals that carry the data in the form of voices, photographs, and videos to and from one or several locations across the globe.

A communications satellite is defined as an artificial satellite that relays and amplifies radio telecommunication signals through a transponder. It creates a communication channel between a source transmitter and a receiver at different locations on the Earth. They are used for television, telephone, radio, internet, and military applications. Most of these satellites are in geostationary orbit 22,300 miles (35,900 km) above the equator because the satellite can appear stationary at the same point in the sky. Thus, the satellite dish antennas of ground stations can be aimed permanently at that spot and it does not have to move to track the satellite. The main purpose of communications satellites is to relay the signal around the curve of the Earth in order to allow communication between widely separated geographical points.

One of the major factor that has fueled the market growth is the rise in IoT and autonomous system over the forecast period. This is because, the merging applications and business models and falling device costs have been instrumental in driving IoT adoption, which has consequently increased the number of connected devices and endpoints globally. This has fueled the market growth.

The major concern to the global satellite communication market is the cybersecurity. This is because the entire process of launching a satellite to transmit data is highly sensitive. The major challenge lies in the negative impact that the cybersecurity threats can potentially make as the vulnerabilities are mission-critical.

Component Insights

The Equipment segment has dominated the market growth with a significant share more than 60% over the forecast period.

Application Insights

The Broadcasting segment has dominated the market growth over the forecast period. This is because the broadcasting services includes television and radio that is directly delivered to the consumer and mobile broadcasting services.

Vertical Insights

The Media and Broadcasting segment has dominated the market growth over the forecast period. this is because of the high use of satellites for broadcasting as satellites provide seamless remote coverage.

Regional Insights

The Global Satellite Communication (SATCOM) Market is segmented into 5 main regions namely, North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. Among these, North America has dominated the market growth over the forecast period. this is because of the rise in demand for continuous communication by the defence industry and rising demand for SATCOM equipment by the defence department in the U.S.

Competitive Analysis

Some of the major companies operating in the market are, SES S.A.; Viasat, Inc.; Intelsat; Telesat; EchoStar Corporation; L3 Technologies, Inc.; Thuraya Telecommunications Company; SKY Perfect JSAT Group; GILAT SATELLITE NETWORKS; Cobham Limited.

Global Satellite Communication (SATCOM) Market- Segmental Analysis

Based On Component:


o SATCOM Transmitter/Transponder

o SATCOM Antenna

o SATCOM Transceiver

o SATCOM Receiver

o SATCOM Modem/Router

o Others


Based On Application:

Asset Tracking/Monitoring





Drones Connectivity

Data Backup and Recovery

Navigation and Monitoring




Based On Vertical:

Energy & Utility

Government & Defense


Emergency Responders


Transport & Cargo

Fleet Management

Rail services


Mining and Oil & Gas

Oil & Gas



Communication Companies


Media & Broadcasting



Environmental & Monitoring


End User - Consumer



Why to buy this Report?

The report provides quantitative and qualitative aspect for Global Satellite Communication (SATCOM) Market in terms of value and volume, along with supporting market trends, challenges, restraints.

The report provides an in depth analysis from both production and consumption point of view at the regional and country level. Key Factors considered within the report scope are Production capacity by countries/regions, average price, consumption ratio, revenue earned and gross margin.

The report provides competitive analysis of around 30-50 companies operated in Global Satellite Communication (SATCOM) Market, these companies are bifurcated into niche players, the leaders and major contenders. The companies are analyzed in terms of following factors such as:

Business Model

Production Capacity, Revenue, Sales, Gross Margin

Key Business Strategy

SWOT Analysis

In terms of competitive landscape, the report provides distinctive factors that would help the Card Type in taking a key decision within the business:

Company Share Analysis from 2020-2022

Company Analysis by Revenue and Sales

Company Production Capacity, Gross Margin

Company Share Analysis by Card Type/Card Type

Company Share Analysis by Product/Specification

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