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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 | Description |
Market Size in 2022 | USD 80,333 Million |
Market Forecast in 2033 | USD 169,700 Million |
CAGR % 2023-2033 | 9.8% |
Base Year | 2022 |
Historic Data | 2020-2021 |
Forecast Period | 2023-2033 |
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:
Equipment
o SATCOM Transmitter/Transponder
o SATCOM Antenna
o SATCOM Transceiver
o SATCOM Receiver
o SATCOM Modem/Router
o Others
Services
Based On Application:
Asset Tracking/Monitoring
Airtime
M2M
Voice
Data
Drones Connectivity
Data Backup and Recovery
Navigation and Monitoring
Tele-medicine
Broadcasting
Others
Based On Vertical:
Energy & Utility
Government & Defense
Government
Emergency Responders
Defense
Transport & Cargo
Fleet Management
Rail services
Maritime
Mining and Oil & Gas
Oil & Gas
Mining
Agriculture
Communication Companies
Corporates/Enterprises
Media & Broadcasting
Events
Aviation
Environmental & Monitoring
Forestry
End User - Consumer
Healthcare
Others
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
