Certified Global Research Member
Key Questions Answered
- Global Market Outlook
- In-depth analysis of global and regional trends
- Analyze and identify the major players in the market, their market share, key developments, etc.
- To understand the capability of the major players based on products offered, financials, and strategies.
- Identify disrupting products, companies, and trends.
- To identify opportunities in the market.
- Analyze the key challenges in the market.
- Analyze the regional penetration of players, products, and services in the market.
- Comparison of major players’ financial performance.
- Evaluate strategies adopted by major players.
- Recommendations
Why Choose Market Research Future?
- Vigorous research methodologies for specific market.
- Knowledge partners across the globe
- Large network of partner consultants.
- Ever-increasing/ Escalating data base with quarterly monitoring of various markets
- Trusted by fortune 500 companies/startups/ universities/organizations
- Large database of 5000+ markets reports.
- Effective and prompt pre- and post-sales support.
The satellite communication market is heavily influenced by several key factors that drive its growth and evolution. One significant factor is the increasing demand for high-speed, reliable, and ubiquitous connectivity across various industries and sectors worldwide. Satellite communication systems offer a unique advantage in providing global coverage and seamless connectivity, making them essential for applications such as telecommunication, broadcasting, internet access, maritime communication, and remote sensing. As the demand for data-intensive services and applications continues to grow, driven by trends such as digitalization, IoT (Internet of Things), and cloud computing, there is a corresponding increase in the demand for satellite communication services to support these applications and provide connectivity in areas where traditional terrestrial networks are unavailable or inadequate.
Moreover, technological advancements play a crucial role in shaping the satellite communication market. Advances in satellite technology, including high-throughput satellites (HTS), small satellites (smallsats), and software-defined payloads, have significantly improved the capacity, performance, and flexibility of satellite communication systems. HTS technology, for example, enables satellites to deliver higher data throughput and bandwidth efficiency, allowing for the provision of broadband internet services with speeds comparable to terrestrial networks. Smallsats, on the other hand, offer cost-effective solutions for satellite deployment and constellation development, enabling operators to expand coverage, increase capacity, and enhance service resilience. Additionally, software-defined payloads enable operators to reconfigure and optimize satellite resources dynamically, adapting to changing market demands and customer requirements.
Furthermore, market demand for satellite communication services is driven by factors such as globalization, connectivity gaps, disaster recovery, and mobility requirements. In today's interconnected world, businesses, governments, and consumers rely on satellite communication services to connect people, businesses, and communities across borders and continents. Satellite communication systems bridge connectivity gaps in remote and underserved areas, providing essential services such as telecommunication, internet access, and emergency communication where terrestrial infrastructure is lacking or inadequate. Additionally, satellite communication plays a critical role in disaster recovery and emergency response efforts, providing resilient and reliable communication links in the aftermath of natural disasters, humanitarian crises, and other emergencies. Furthermore, the increasing demand for mobility solutions, such as in-flight connectivity, maritime communication, and connected vehicles, drives market growth for satellite communication services that can provide seamless and uninterrupted connectivity on the move.
Moreover, regulatory frameworks and spectrum management policies significantly influence market dynamics in the satellite communication sector. Governments and regulatory authorities around the world are responsible for allocating and managing spectrum resources for satellite communication services, ensuring fair competition, and protecting the interests of stakeholders. Regulatory frameworks govern various aspects of satellite communication, including licensing, frequency allocation, orbital slot coordination, and spectrum usage rights. Additionally, international agreements and treaties, such as the Radio Regulations of the International Telecommunication Union (ITU), provide a framework for coordinating satellite communication services and resolving spectrum interference issues on a global scale. Compliance with regulatory requirements is essential for satellite operators and service providers to ensure legal compliance, operational integrity, and market access.
Furthermore, market factors such as industry consolidation, technological convergence, and competitive dynamics influence market trends and strategies in the satellite communication sector. The satellite communication industry is characterized by a diverse ecosystem of satellite operators, service providers, equipment manufacturers, and technology vendors. Industry consolidation and strategic partnerships are becoming increasingly common as companies seek to expand their market presence, leverage synergies, and capitalize on growth opportunities. Additionally, technological convergence between satellite communication and other sectors, such as aerospace, defense, telecommunications, and IoT, is driving innovation and collaboration in the development of integrated solutions and value-added services. Moreover, competitive dynamics in the satellite communication market are intensifying as new entrants, disruptive technologies, and evolving business models challenge traditional players and drive market disruption.
Moreover, the impact of emerging technologies, such as 5G, LEO (Low Earth Orbit) constellations, and high-throughput satellites, is reshaping the satellite communication market. 5G technology promises to revolutionize connectivity by offering ultra-fast speeds, low latency, and massive device connectivity, driving demand for satellite communication services that can complement terrestrial networks and extend coverage to underserved areas. LEO constellations, consisting of hundreds or thousands of small satellites in low Earth orbit, offer low-latency broadband internet services with global coverage, enabling new applications such as IoT, smart cities, and autonomous vehicles. Additionally, high-throughput satellites (HTS) leverage advanced technologies such as spot beams, frequency reuse, and onboard processing to deliver higher data throughput and bandwidth efficiency, meeting the growing demand for broadband internet services in rural and remote areas.
Covered Aspects:
| Report Attribute/Metric | Details |
|---|---|
| Market Size Value In 2023 | USD 16.8 Billion |
| Growth Rate | 8.44% (2023-2030) |
Satellite Communication Market Highlights:
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
Leading companies partner with us for data-driven Insights
Kindly complete the form below to receive a free sample of this Report
Tailored for You
- Dedicated Research on any specifics segment or region.
- Focused Research on specific players in the market.
- Custom Report based only on your requirements.
- Flexibility to add or subtract any chapter in the study.
- Historic data from 2014 and forecasts outlook till 2040.
- Flexibility of providing data/insights in formats (PDF, PPT, Excel).
- Provide cross segmentation in applicable scenario/markets.
