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
- PUBLISHED ON
- 2024-02-08
- NO OF PAGES
- 225
- CATEGORY
- Electronics & Communication
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
1.
Global Satellite Communication (SATCOM)
Market Introduction and Market Overview
1.1. Objectives
of the Study
1.2. Satellite Communication (SATCOM) Market Definition & Description
1.3. Global
Satellite Communication (SATCOM) Market Scope and Market Estimation
1.3.1. Global
Satellite Communication (SATCOM) Market Size, Revenue (US$ Mn), Market CAGR
(%), Market forecast (2023-2033)
1.3.2. Global
Satellite Communication (SATCOM) Market Revenue Share (%) and Growth Rate
(Y-o-Y) from 2019-2033
1.4. Market
Segmentation
1.4.1. Component
of Global Satellite Communication (SATCOM) Market
1.4.2. Application
of Global Satellite Communication (SATCOM) Market
1.4.3. Vertical
of Global Satellite Communication (SATCOM) Market
1.4.4. Region of Global Satellite Communication (SATCOM) Market
2.
Executive
Summary
2.1. Global
Satellite Communication (SATCOM) Market
Industry Trends under COVID-19 Outbreak
2.1.1. Global
COVID-19 Status Overview
2.1.2. Influence
of COVID-19 Outbreak on Global Satellite
Communication (SATCOM) Market Industry Development
2.2. Market
Dynamics
2.2.1. Drivers
2.2.2. Limitations
2.2.3. Opportunities
2.2.4. Impact
Analysis of Drivers and Restraints
2.3. Pricing
Trends Analysis & Average Selling Prices (ASPs)
2.4. Key
Mergers & Acquisitions, Expansions, JVs, Funding / VCs, etc.
2.5. Porter’s
Five Forces Analysis
2.5.1. Bargaining
Power of Suppliers
2.5.2. Bargaining
Power of Buyers
2.5.3. Threat
of Substitutes
2.5.4. Threat
of New Entrants
2.5.5. Competitive
Rivalry
2.6. Value
Chain / Ecosystem Analysis
2.7. PEST
Analysis
2.8. Russia-Ukraine
War Impacts Analysis
2.9. Economic
Downturn Analysis
2.10. Market Investment Opportunity Analysis (Top Investment Pockets), By Segments & By Region
3. Global Satellite Communication (SATCOM) Market Estimates & Historical Trend Analysis (2020 - 2022)
4.
Global
Satellite Communication (SATCOM) Market Estimates
& Forecast Trend Analysis, By Component
4.1. Global
Satellite Communication (SATCOM) Market Revenue (US$ Mn) Estimates and
Forecasts, By Component, 2023 to 2033
4.1.1. Equipment
4.1.2. SATCOM
Transmitter/Transponder
4.1.3. SATCOM
Antenna
4.1.4. SATCOM
Transceiver
4.1.5. SATCOM
Receiver
4.1.6. SATCOM
Modem/Router
4.1.7. Others
4.1.8. Services
5.
Global
Satellite Communication (SATCOM) Market Estimates & Forecast Trend Analysis, By Application
5.1. Global
Satellite Communication (SATCOM) Market Revenue (US$ Mn) Estimates and
Forecasts, By Application, 2023 to 2033
5.1.1. Asset
Tracking/Monitoring
5.1.2. Airtime
5.1.3. M2M
5.1.4. Voice
5.1.5. Data
5.1.6. Drones
Connectivity
5.1.7. Data
Backup and Recovery
5.1.8. Navigation
and Monitoring
5.1.9. Tele-medicine
5.1.10. Broadcasting
5.1.11. Others
6.
Global
Satellite Communication (SATCOM) Market Estimates & Forecast Trend Analysis, By Vertical
6.1. Global
Satellite Communication (SATCOM) Market Revenue (US$ Mn) Estimates and
Forecasts, By Vertical, 2023 to 2033
6.1.1. Energy
& Utility
6.1.2. Government
& Defense
6.1.3. Government
6.1.4. Emergency
Responders
6.1.5. Defense
6.1.6. Transport
& Cargo
6.1.7. Fleet
Management
6.1.8. Rail
services
6.1.9. Maritime
6.1.10. Mining
and Oil & Gas
6.1.11. Oil
& Gas
6.1.12. Mining
6.1.13. Agriculture
6.1.14. Communication
Companies
6.1.15. Corporates/Enterprises
6.1.16. Media
& Broadcasting
6.1.17. Events
6.1.18. Aviation
6.1.19. Environmental
& Monitoring
6.1.20. Forestry
6.1.21. End
User - Consumer
6.1.22. Healthcare
6.1.23. Others
7.
Global
Satellite Communication (SATCOM) Market Estimates & Forecast Trend Analysis, By Region
7.1. Global
Satellite Communication (SATCOM) Market Revenue (US$ Mn) Estimates and
Forecasts, By Region, 2023 to 2033
7.1.1. North
America
7.1.2. Europe
7.1.3. Asia
Pacific
7.1.4. Middle
East & Africa
7.1.5. South America
8.
North
America Satellite Communication (SATCOM)
Market: Estimates & Forecast Trend Analysis
8.1. North
America Satellite Communication (SATCOM) Market Assessments & Key Findings
8.1.1. North
America Satellite Communication (SATCOM) Market Introduction
8.1.2. North America
Satellite Communication (SATCOM) Market Size Estimates and Forecast (US$
Million) (2023 to 2033)
8.1.2.1. Based On Component
8.1.2.2. Based On Application
8.1.2.3. Based On Vertical
8.1.2.4. By
Country
8.1.2.4.1. The
U.S.
8.1.2.4.2. Canada
8.1.2.4.3. Mexico
9.
Europe
Satellite Communication (SATCOM) Market:
Estimates & Forecast Trend Analysis
9.1. Europe
Satellite Communication (SATCOM) Market Assessments & Key Findings
9.1.1. Europe
Satellite Communication (SATCOM) Market Introduction
9.1.2. Europe
Satellite Communication (SATCOM) Market Size Estimates and Forecast (US$
Million) (2023 to 2033)
9.1.2.1. Based On Component
9.1.2.2. Based On Application
9.1.2.3. Based On Vertical
9.1.2.4. By
Country
9.1.2.4.1. Germany
9.1.2.4.2. U.K.
9.1.2.4.3. France
9.1.2.4.4. Italy
9.1.2.4.5. Spain
9.1.2.4.6. Russia
9.1.2.4.7. Rest of Europe
10. Asia Pacific Satellite Communication (SATCOM) Market:
Estimates & Forecast Trend Analysis
10.1. Asia
Pacific Market Assessments & Key Findings
10.1.1. Asia
Pacific Satellite Communication (SATCOM) Market Introduction
10.1.2. Asia
Pacific Satellite Communication (SATCOM) Market Size Estimates and Forecast
(US$ Million) (2023 to 2033)
10.1.2.1. Based On Component
10.1.2.2. Based On Application
10.1.2.3. Based On Vertical
10.1.2.4. By
Country
10.1.2.4.1.
China
10.1.2.4.2.
Japan
10.1.2.4.3.
India
10.1.2.4.4.
Australia
10.1.2.4.5.
South Korea
10.1.2.4.6.
ASEAN
10.1.2.4.7. Rest of Asia Pacific
11. Middle East & Africa Satellite Communication (SATCOM) Market:
Estimates & Forecast Trend Analysis
11.1. Middle
East & Africa Market Assessments & Key Findings
11.1.1. Middle
East & Africa Satellite
Communication (SATCOM) Market Introduction
11.1.2. Middle
East & Africa Satellite Communication (SATCOM) Market Size Estimates
and Forecast (US$ Million) (2023 to 2033)
11.1.2.1. Based On Component
11.1.2.2. Based On Application
11.1.2.3. Based On Vertical
11.1.2.4. By
Country
11.1.2.4.1. U.A.E.
11.1.2.4.2. Saudi
Arabia
11.1.2.4.3. Egypt
11.1.2.4.4. South
Africa
11.1.2.4.5. Rest of Middle East & Africa
12. South America Satellite Communication (SATCOM) Market:
Estimates & Forecast Trend Analysis
12.1. South
America Market Assessments & Key Findings
12.1.1. South
America Satellite Communication (SATCOM) Market Introduction
12.1.2. South
America Satellite Communication (SATCOM) Market Size Estimates and Forecast
(US$ Million) (2023 to 2033)
12.1.2.1. Based On Component
12.1.2.2. Based On Application
12.1.2.3. Based On Vertical
12.1.2.4. By
Country
12.1.2.4.1. Brazil
12.1.2.4.2. Argentina
12.1.2.4.3. Colombia
12.1.2.4.4. Rest of South America
13. Competition Landscape
13.1. Global
Satellite Communication (SATCOM) Market Competition Matrix & Benchmarking,
by Leading Players / Innovators / Emerging Players / New Entrants
13.2. Global Satellite Communication (SATCOM) Market Concentration & Company Market Shares (%) Analysis, 2022
14. Company Profiles
14.1. SES S.A.
14.1.1. Company
Overview & Key Stats
14.1.2. Financial
Performance & KPIs
14.1.3. Product
Portfolio
14.1.4. Business
Strategy & Recent Developments
* Similar details would be provided for all the
players mentioned below
14.2. Viasat, Inc.
14.3. Intelsat
14.4. Telesat
14.5. EchoStar Corporation
14.6. L3 Technologies, Inc.
14.7. Thuraya Telecommunications Company
14.8. SKY Perfect JSAT Group
14.9. GILAT SATELLITE NETWORKS
14.10. Cobham Limited.
14.11. Others**
15. Research Methodology
15.1. External
Transportations / Databases
15.2. Internal
Proprietary Database
15.3. Primary
Research
15.4. Secondary
Research
15.5. Assumptions
15.6. Limitations
15.7. Report FAQs
16. Research Findings & Conclusion
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