Satellite Communication Market Analysis

Global Satellite Communication (SATCOM) Market Overview

Satellite Communication (SATCOM) Market Size was valued at USD 16.8 billion in 2023. The satellite communication (SATCOM) market industry is projected to grow from USD 18.22681208 Billion in 2024 to USD 34.8519263222492 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 8.44% during the forecast period (2023 - 2030). Growing use of marine VSAT, rising demand for compact form factor SATCOM solutions, and regular military satellite launches are the key market drivers enhancing the market growth.

Source Secondary Research, Primary Research, MRFR Database and Analyst Review

Satellite Communication (SATCOM) Market Trends

• Increasing Internet of Things (loT) Integration in the Aviation Industry to Promote Market Growth

The Internet of Things (loT) has entered the market and is anticipated to increase SATCOM market share, driving the market CAGR for satellite communication (SATCOM). According to studies by the EMEA Satellite Operators Association, satellites provide service to about 2.7 million devices. Infrastructure, environmental monitoring, military support, shipping, and aviation technology are included in this. The market is anticipated to grow throughout the projected period as loT adoption increases in the aviation sector. Applications for loT-based systems and devices in the aviation industry exchange real-time data with processing units to help optimize aircraft operations.

Satellite connectivity is used by loT devices to send and share real-time data across loT systems and components used in these domains, lowering the overall time of the process. Data sharing between machine control and production was formerly reliant on terrestrial GSM networks, which are now being supplanted with satellite communication. Satellite technology demonstrates its importance in revolutionising loT connection in the aviation industry.

Autonomous technology applications are built on artificial intelligence, data analytics, and cloud computing.

These technologies aid in the improvement of aircraft operations. In the military, autonomous technology is employed for battlefield management and other combat activities. The sensors deployed in the systems are critical in supplying real-time data from their actual locations. It is further evaluated and used for tracking and health monitoring systems. It covers component and system efficiency, maintenance, repair, and overhaul (MRD) activities, and route mapping and navigation. This would increase the overall efficiency of the systems and reduce operational expenses. Thus, driving the satellite communication (SATCOM) market revenue.

Satellite Communication (SATCOM) Market Segment Insights

Satellite Communication (SATCOM) Product Insights

The Satellite Communication (SATCOM) Market segmentation, based on product includes SATCOM Transponder, SATCOM Transceiver, SATCOM Antenna, SATCOM Modem and SATCOM Receiver. Over the projection period, SATCOM Transceiver is anticipated to experience the largest increase. Electronic devices known as SATCOM transceivers are used in conjunct ion with other devices like amplifiers, space antennas, and transponders to enable communication with satellites in earth's orbit or area.

Satellite Communication (SATCOM) Technology Insights

The Satellite Communication (SATCOM) Market segmentation, based on technology, includes SATCOM VSAT, SATCOM Telemetry, SATCOM Automatic Identification System (AIS), SATCOM-On-the-Move and SATCOM-On-the-Pause. The primary idea behind SATCOM-on-the-Move is to outfit a vehicle with the ability to communicate while moving. SOTM capabilities enable armed forces to swiftly and effectively share voice and data communication while travelling at speeds of up to 130 km/h in tactical ground vehicles (80 mph).

Satellite Communication (SATCOM) End Use Insights

Commercial, Government and Defense make up the Satellite Communication (SATCOM) Market data based on end use. The commercial segment is expected to grow faster throughout the projected period due to increased use of satellite communication in the IT and telecommunications sectors. During the period 2022-2029, the government and defence sector will experience tremendous growth. The increase is attributable to the increased usage of satellite communication in military and naval operations.

Figure 1: Satellite Communication (SATCOM) Market, by end users, 2022 & 2030(USD billion)
Source Secondary Research, Primary Research, MRFR Database and Analyst Review

Satellite Communication (SATCOM) Vertical Insights

Vertical segmentation of the global satellite communication (SATCOM) industry includes Portable SATCOM Equipment, Land Mobile SATCOM Equipment, Maritime SATCOM Equipment, Airborne SATCOM Equipment, and Land Fixed SATCOM Equipment. The airborne satellite communication equipment sector dominated the market. It consists of military aircraft, commercial aircraft, unmanned aerial vehicles, and satellite launch vehicles. The expanding use of connected air and space systems for commercial and military applications is driving the segment's growth. Military ships and unmanned naval systems comprise the maritime satellite communication equipment segment. The increasing usage of autonomous and connected ships is likely to promote the segment's growth in the market.

Satellite Communication (SATCOM) Regional Insights

By Region, the study provides the market insights into North America, Europe, Asia-Pacific and Rest of the World. North America controlled more than 35% of the satellite communication market in 2021. Throughout the anticipated period, North America maintained a commanding lead in the Satellite Communication (SATCOM) Market share thanks to increased public spending on military and communication networks in the region.

Further, the major countries studied in the market report are The U.S., Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.

Figure 2: SATELLITE COMMUNICATION (SATCOM) MARKET SHARE BY REGION 2022 (%)

Source Secondary Research, Primary Research, MRFR Database and Analyst Review

Europe’s satellite communication (SATCOM) market accounts for the second-largest market share because of infrastructure modernisation and increased passenger flow in marine and coastal tourism. Further, the German satellite communication (SATCOM) market held the largest market share, and the UK satellite communication (SATCOM) market was the fastest growing market in the European region

The Asia-Pacific Satellite Communication (SATCOM) Market is expected to grow at the fastest CAGR from 2023 to 2030. This is due to several new players having emerged as the market has grown rapidly. Furthermore, the region's large proportion of seaborne trade and rising defense spending are propelling regional market expansion. Moreover, China’s satellite communication (SATCOM) market held the largest market share, and the Indian satellite communication (SATCOM) market was the fastest growing market in the Asia-Pacific region.

Satellite Communication (SATCOM)Key Market Players& Competitive Insights

Leading market players are making significant R&D investments in order to diversify their product offerings, which will spur further growth in the satellite communication (SATCOM) industry. Important market developments include new product releases, contractual agreements, mergers and acquisitions, greater investments, and collaboration with other organizations. Market participants are also engaging in a number of strategic actions to increase their global footprint. The satellite communication (SATCOM) industry must provide affordable products if it is to grow and thrive in an increasingly competitive and challenging market environment.

Producing locally to reduce operational costs is a fundamental business strategy adopted by manufacturers in the worldwide satellite communication (SATCOM) industry to benefit customers and expand the market sector. The satellite communication (SATCOM) industry has provided some of the most significant benefits to medicine in recent years. EchoStar Corporation, SKY Perfect JSAT Group, L3 Technologies, Inc., SES S.A, Telesat, Intelsat, Viasat, Inc., Thuraya Telecommunications Company, and others are major players in the satellite communication (SATCOM) market. These large players have generally focused on increasing their market share and profitability by extending their consumer base through strategic collaboration projects.

Microsoft Windows, Navisworks is a 3D design review program that was formerly known as JetStream. Navisworks is a 3D design tool that is primarily used in the construction industry to complement 3D design packages like Autodesk Revit, AutoCAD, and MicroStation. Users can open and combine 3D models, move around them in real-time (without the use of WASD), and review the model using a variety of tools like comments, redlining, viewpoints, and measurements. In January 2022,  Manufacturer of dynamic positioning systems Navis Engineering has joined the KVH Watch Solution Partner program and will now offer KVH Watch cloud connect services to enable remote monitoring of equipment. The company also announced that Navis Engineering has joined the KVH Watch Solution Partner program.

American communications firm Viasat Inc. is headquartered in Carlsbad, California, and also has activities all around the world. High-speed satellite broadband services and secure networking solutions are provided by Viasat, which serves both the military and commercial markets. In  November 2021, Global communications giant Viasat Inc. and Inmarsat have signed a legally binding agreement under which Viasat would purchase Inmarsat for USD 7.3 billion. The newly formed corporation plans to combine the spectrum, terrestrial, and satellite assets of the two businesses to create a global hybrid space and terrestrial network that can provide superior services to the government and commercial sectors, which are both seeing rapid growth.

Key Companies in the satellite communication (SATCOM) market include

• Inmarsat plc (UK)


• Honeywell International Inc. (US)


• L3Harris Technologies Inc. (US)


• Indra Sistemas (Spain)


• General Dynamics Mission Systems Inc. (US)


• Cobham Plc (UK)


• Viasat Inc. (US)


• Iridium Satellite Communications Inc. (US)


• Qualcomm Technologies Inc. (US)


• Gilat Satellite Networks (Israel)

Satellite Communication (SATCOM) Industry Developments

In February, 2023 CobhamSatcom and RBC Signals, a global provider of satellite data transmission solutions, have extended their agreement to install CobhamSatcom's flexible Tracker 6000 and 3700 series ground stations globally. The two organizations' collaborative cooperation will significantly expand RBC Signals' enormous owned and partner ground network, allowing it to provide integrated communication services to NGSO missions and constellations for Earth Observation, IoT, and Space Situational Awareness.

In October 2022 Thuraya, Yahsat's mobility division, and eSATGlobal have struck a complementary commercial agreement to build a Next Generation IoT Platform. Apart from Yahsat's investment in eSAT, Thuraya and eSAT formed a business relationship that would provide Thuraya with secure, continuing access to an end-to-end LPWAN IoT system and portfolio. The system would be deployed over Thuraya's Mobile Satellite Services (MSS) GEO assets, providing clients with global access to an IoT portfolio.

In December 2022 Gilat Satellite Networks Ltd announced that the company and Intelsat are expanding their strategic partnership with multimillion-dollar agreements to strengthen in-flight connectivity (IFC) in the Americas. Gilat hubs already in place in the United States and Brazil will be updated to accommodate increased network capacity in order to fulfill expanding bandwidth demands on Intelsat's IFC network in the Western Hemisphere.

Satellite Communication (SATCOM) Market Segmentation

Satellite Communication (SATCOM) Product Outlook

• SATCOM Transponder


• SATCOM Transceiver


• SATCOM Antenna


• SATCOM Modem


• SATCOM Receiver

Satellite Communication (SATCOM) Technology Outlook

• SATCOM VSAT


• SATCOM Telemetry


• SATCOM Automatic Identification System (AIS)


• SATCOM-On-the-Move


• SATCOM-On-the-Pause

Satellite Communication (SATCOM) End Use Outlook

• Commercial


• Government


• Defense

Satellite Communication (SATCOM) Vertical Outlook

• Portable SATCOM Equipment


• Land Mobile SATCOM Equipment


• Maritime SATCOM Equipment


• Airborne SATCOM Equipment


• Land Fixed SATCOM Equipment

Satellite Communication (SATCOM) Regional Outlook

• 
  

  North America

  
  
  
  
  • US
  
  
  • Canada
  
  
  
  


• 
  

  Europe

  
  
  
  
  • Germany
  
  
  • France
  
  
  • UK
  
  
  • Italy
  
  
  • Spain
  
  
  • Rest of Europe
  
  
  
  


• 
  

  Asia-Pacific

  
  
  
  
  • China
  
  
  • Japan
  
  
  • India
  
  
  • Australia
  
  
  • South Korea
  
  
  • Australia
  
  
  • Rest of Asia-Pacific
  
  
  
  


• 
  

  Rest of the World

  
  
  
  
  • Middle East
  
  
  • Africa
  
  
  • Latin America