Satellite Communication Terminal Market Size to Garner $6,030.7 million, Globally, by 2028 at 6.5% CAGR: The Insight Partners

According to the new research report published by The Insight Partners, titled "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 global satellite communication terminal market is expected to grow from US$ 3,877.1 million in 2021 to US$ 6,030.7 million by 2028; it is estimated to grow at a CAGR of 6.5% during 2021 to 2028.

2021: ST Engineering's Corporate Venture Capital unit, ST Engineering Ventures Pte Ltd, announced that it led a US$30 million Series A round in Israel-based hiSky Ltd., a leading developer and provider of affordable and agile satellite Internet of Things (IoT) networks and solutions, with participation from Tawazun Holding's SDF (Strategic Development Fund) and hiSky's existing shareholders.

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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 the key players profiled during this market study. In addition, several other market players were studied and analyzed to get a holistic view of the global Satellite Communication Terminal market and its ecosystem.

2020: NEC Corporation has announced the development of laser communications terminals (LCTs) for satellites that use laser light to transmit high-speed data in orbit. This terminal has been provided for the Japan Aerospace Exploration Agency's (JAXA) Laser Utilizing Communication System (LUCAS). One form of LCT was created for geostationary (GEO) satellites, while the other was created for low earth orbiting (LEO) observation satellites.

2021: Viasat Inc. has announced the opening of a new office in Dubai, United Arab Emirates (UAE), which will act as an expansion office in the Middle East, focusing on growing partnerships with government institutions, ministries, and local clients.

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The North America satellite communication terminal market is segmented into the US, Canada, and Mexico. North. The North America satellite communication terminal market is segmented into the US, Canada, and Mexico. North America is the most technologically advanced region, owing to high gross domestic product (GDP), positive outlook toward adoption of advanced technologies, high GDP per capita, favorable economic policies, high standard of living, and presence of a robust technology ecosystem. North America has a high emphasis on the defense sector as the governments spend significant amounts on military, navy, and air force. Various domains such as telecommunication, media & entertainment, transportation & logistics, business & enterprise, scientific research & development, aviation, aerospace, defense, and retail & consumer drive the satellite communication terminal market in the region. As a part of the Commercial Broadband Satellite Program (CBSP), the US Navy has awarded a contract of 16 satellite communication terminals to L3Harris Technologies, Inc.

Viasat Inc., Airbus, General Dynamics, Thales Group and L3Harris Technologies - are among the well-known players operating in the global satellite communication terminal market and are focused on product development and innovations. The S-band is a short-wave radar frequency band that operates between 2 and 4 GHz. This band is mostly used for radar and communication. It's designed specifically for two-way communication and content delivery for small devices like mobile terminals, vehicular terminals, and handhelds, which is why it's used for satellite communication, especially in scenarios that require clarity and speed, like those required by NASA for the Space Shuttle and the International Space Station. The S-band is adaptable and powerful, making it a suitable technology for a variety of public-facing applications, most notably communication. The system might be used to send out distress signals in the event of an accident, as well as to transmit real-time traffic and weather data and status.

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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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