With reach US$ 6,030.7 Million, Satellite Communication Terminal Market shares overview with 6.5% CAGR by 2028 - Exclusive Research by The Insight Partners

According to our latest market study on "Satellite Communication Terminal Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Classification (C Band, X Band, S-Band, Ku Band, and Ka-Band) and Application (Military Use and Civil Use)," the market was valued at US$ 3,877.1 million in 2021 and is projected to reach US$ 6,030.7 million by 2028; it is expected to grow at a CAGR of 6.5% from 2021 to 2028.

A portable satellite communication terminal, also known as a hotspot or satellite communicator, is one of the smallest 2-way SATCOM devices. Such satellite communication terminal uses an internal GPS chip for gathering location information. When the SEND option is selected, the location information is sent to a commercial monitoring agency via commercial satellites. The role of the commercial monitoring agency is to forward the information to the respective responding agency. Typically, the purchasers of portable satellite communication devices are involved in activities like mountain biking, hiking, boating, climbing, and flying. Small SATCOM terminals are also useful for individuals who have to work in remote areas, such as foresters, loggers, fishers, geologists, and wildlife staff.

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Enhanced features such as breadcrumb tracking via Google Earth and sending preprogrammed messages are also offered via portable and small SATCOM terminals. Some of the latest devices that provide 2-way communication via satellite are Spot X, Germin InReach mini, Bivy stick blue, and Zoleo satellite communicator, among others. Iridium started its Global Maritime Distress and Safety System service (GMDSS) in 2020. The launch of new GMDSS terminals facilitates access to a fleet of vessels, which are needed by maritime law to maintain the L-band safety service. The demand for portable and small SATCOM terminals is forecasted to grow notably in the coming years due to enhanced utility.

The trend of customized satellite communication solutions for marine and military ground vehicle applications is increasing day by day. Many new SATCOM solutions help establish uninterrupted communication even when the ship or the military ground vehicle is moving. Satellite communication on the move (SOTM) allows respective defense forces to share data and voice communication effectively and efficiently when traveling in tactical vehicles at speeds of up to 80 mph (130 km/h). As per the location, size, and shape of the military ground vehicle or any ship, the requirement for customized satellite communication terminals is increasing nowadays.

The South America satellite communication terminal market is segmented into Brazil, Argentina, and the Rest of South America. The majority of the countries in this region are still in the developing stage, and their inclination toward advanced defense systems is increasing considerably. Bolivia's military expenditure in 2019 was US$ 598.2 million, which increased to US$ 609.0 million in 2020. The growing military spending is expected to create promising demand for satellite communication terminals required for operations in harsh environments. Eutelsat, ABS, Intelsat, Hispasat, SES Telesat, and Iridium are some of the major satellite operators in the South and Central America region. Cellular backhaul and trunking, enterprise and broadband, maritime, aeronautical, land mobility, and internet of things (IoT) are some domains where the need for satellite communication terminals is anticipated to grow notably in the coming years.

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Telecommunication infrastructure to offer cellular services in the farthest areas is expanding with 5G and long-term evolution (LTE) penetration. Consumer broadband is another key industry in Brazil that is expanding notably. In December 2019, Al Yah Satellite Communications Company (Yahsat), one of the leading satellite operators from the United Arab, and Hughes Network Systems, LLC, a market leader in broadband satellite networks and services, entered a joint venture to offer satellite broadband services in Brazil.

Due to the attacks of 26/11 in India, the requirement for enhanced maritime satellite communication solutions has increased in the country. In September 2019, a SATCOM company Nelco Ltd. a subsidiary of Tata Group became the first Indian company that received a license from the Indian government to offer maritime SATCOM services in the nation's territorial waters. Considering increased offshore activity, investments, and trade in the maritime sector, Japan and India are anticipated to be major contributors to the growth of the satellite communication terminal market.

Growing Need for Uninterrupted Connectivity

The need for uninterrupted connectivity is growing notably across various domains globally. Satellite communication terminals are used across respective applications in various areas such as weather forecasting, media and entertainment, aviation, television, internet, space, and telecommunication. Various technological developments with respect to SATCOM terminals considerably contribute to market growth. The growing requirement for communication on-the-move solutions for platforms like military vehicles, commercial vehicles, boats, and trains is driving the demand for respective satellite communication terminals notably. The 5G telecommunication network is growing in developing countries such as India, Taiwan, and Brazil. To stay aware of cyclones, tsunamis, and tornados, the need for accurate weather forecasting is increasing worldwide.

Satellite Communication Terminal Market: Competitive Landscape and Key Developments

Airbus; AVL Technologies; Collins Aerospace; General Dynamics Mission Systems, Inc.; Honeywell International Inc.; L3Harris Technologies, Inc.; NEC Corporation; ST ENGINEERING; Thales Group; and Viasat, Inc. are among the key players profiled during the satellite communication terminal market study. In addition, several other important satellite communication terminal market players were studied and analyzed during the market research study to get a holistic view of the global satellite communication terminal market and its ecosystem.

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The players operating in the satellite communication terminal market adopt strategies such as mergers, acquisitions, and market initiatives to maintain their positions in the market. A few developments by key players are listed below:

• In December 2021, Airbus and OneWeb inked a distribution partnership agreement to deliver military and governmental low Earth orbit (LEO) satellite communication services. From the end of 2021, Airbus, as Europe's largest provider of military satellite communication services, will offer new communication services based on the OneWeb constellation to select European and UK armed forces, as well as civil protection and security forces.

• In July 2021, The NATO Communications and Information Agency (NCI Agency) signed a contract with Airbus for the tactical renewal of the Balkans Information Technology Infrastructure. This will entail a hardware and software upgrade to support communication and information systems (CIS) on NATO networks of various classification levels. The contract also includes replacing the telephone network infrastructure at NATO Headquarters (NHQ) Sarajevo with an up-to-date voice-over-internet-protocol (VoIP) solution that has already been implemented at other NATO Headquarters.

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