US SATCOM Market Share

SATCOM Market Overview

US SATCOM Market Size was valued at USD 22.5 Billion in 2022. The SATCOM market industry is projected to grow from USD 24.52 Billion in 2023 to USD 48.86 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 9.00% during the forecast period (2023 - 2032). Increased demand for high-speed internet access, expanding use in military and defense applications, and growth in the commercial space industry are the key market drivers enhancing the market growth.

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

SATCOM Market Trends

• Growing internet connectivity around the world is driving the market growth

The growing need for high-speed internet connectivity in rural and underdeveloped areas is one notable development. As the need for digital connectivity in business, education, and leisure grows, satellite broadband providers are extending their offerings in an effort to close the digital gap. The use of high-throughput satellites, which provide faster and more capacity data, has expedited this development. Consequently, millions of Americans without access to traditional broadband services are starting to consider satellite-based internet as a viable option, which is expected to fuel the Market CAGR in the coming years.

Moreover, the US SATCOM market is significantly influenced by the commercial space sector. Data transfer and satellite-based communication are becoming more and more necessary as a result of the growing private sector's involvement in space exploration, satellite production, and launch services. Advancements in small satellite technologies, such as CubeSats and microsats, are lowering the entrance hurdles for satellite deployment. This tendency is pushing innovation in satellite technology and services and creating a competitive environment in the industry. The SATCOM market is expanding as a result of businesses creating new satellite constellations for a range of uses, such as data analytics, telecommunications, and Earth observation. Regulation-related changes are also having an impact on the US SATCOM sector. The Federal Communications Commission (FCC) has been concentrating on increasing the amount of bandwidth available for satellite communications and expediting the satellite licensing procedures. The creation of new satellite systems, lower market entry costs, and increased innovation are the goals of these legislative reforms. The worldwide reach and competitiveness of the sector are also being impacted by international agreements and collaborations pertaining to satellite operations and spectrum allotment. Thus propelling the SATCOM market revenue.

SATCOM Market Segment Insights

SATCOM Component Insights

The US SATCOM market segmentation, based on Components, includes Equipment and Services. Services surpass equipment as the major revenue-generating segment in the US SATCOM market. The services segment is growing at a solid rate due to several causes. First and foremost, one important driver is the growing need for satellite-based communication services across a range of industries, including television, telecommunications, and remote sensing. These services are essential for supporting data-intensive applications and filling in gaps in connectivity.

Figure 1: US SATCOM Market, by Components, 2022 & 2032 (USD Billion)

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

SATCOM Application Insights

The US SATCOM market segmentation, based on Application, includes Asset Tracking/Monitoring, Airtime, Drone connectivity, Data Backup and recovery, Navigation and monitoring, Telemedicine, Broadcasting, and Others. The broadcasting segment dominates the US SATCOM market in terms of income, far exceeding the other applications. Numerous factors contribute to this supremacy. First off, satellite communication plays a major role in the broadcasting industry's ability to distribute radio and television programming to a wide audience. Technological developments have also made it possible to access a wider variety of channels and higher-resolution content, which has raised demand for satellite broadcasting services.

SATCOM Vertical Insights

The US SATCOM market segmentation, based on vertical, includes Energy and utility, Government and defense, Transport and cargo, Maritime, Mining and Oil and gas, Agriculture, Communication Companies, corporations/Enterprises, Media and broadcasting, Events, Aviation, Environmental & Monitoring, Forestry, Consumer, Healthcare, and Others. The government & defense vertical outperforms all other verticals in terms of revenue within the US SATCOM market. Its strong position is attributed to several important aspects. Secure and reliable satellite communication is essential to the government and defense industry for military operations, national security, and emergency response. SATCOM is essential because continuous, encrypted communication is required in hostile and remote environments.

SATCOM Country Insights

The growing usage of satellite communication in military and defense applications is driving the US SATCOM market. For intelligence gathering, command and control, surveillance, and reconnaissance, the military depends on dependable and secure communication technologies. SATCOM systems are essential for national defense because they provide a way to keep in touch in difficult and remote locations. To ensure the durability and efficacy of military communications, sophisticated SATCOM technologies—such as shielded and anti-jamming capabilities—must be developed. As a result, it is anticipated that the defense industry will invest more in SATCOM.

SATCOM Key Market Players & Competitive Insights

Leading market players obtain a competitive advantage through ongoing innovation, the development of satellite technologies, and the expansion of their service offerings. Market participants are undertaking strategic activities to expand their presence, with market developments including Acquisitions, mergers, and partnerships as typical tactics used to increase market share.

Key Companies in the SATCOM market include

• Viasat, Inc.


• SES S.A.


• Intelsat


• Telesat


• EchoStar Corporation


• L3Harris Technologies, Inc.


• Thuraya Telecommunications Company


• SKY Perfect JSAT Group


• GILAT SATELLITE NETWORKS.


• Cobham Limited

SATCOM Market Segmentation

SATCOM Component Outlook

• Equipment


• Services

SATCOM Application Outlook

• Asset Tracking/Monitoring


• Airtime


• Drones Connectivity


• Data Backup & Recovery


• Navigation & Monitoring


• Tele-medicine


• Broadcasting


• Others

SATCOM Vertical Outlook

• Energy & Utility


• Government & Defense


• Transport & Cargo


• Maritime


• Mining And Oil & Gas


• Agriculture


• Communication Companies


• Corporates/Enterprises


• Media & Broadcasting


• Events


• Aviation


• Environmental & Monitoring


• Forestry


• Consumer


• Healthcare


• Others