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At CAGR of 6.5%, Satellite Communication Terminal Market is expected to grow from US$ 3,877.1 million in 2021 to US$ 6,030.7 million by 2028: The Insight Partners

08-11-2022 04:50 PM CET | Media & Telecommunications

Press release from: The Insight Partners

Satellite Communication Terminal Market: Key Insights
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.

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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.

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.

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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. With the launch of new airlines and a rise in investment in the aviation sector, the need for enhanced operational efficiencies and air traffic control is expected to grow significantly in the near future. The International Air Transport Association (IATA) predicts that the count of air passengers is anticipated to reach 7.2 billion by 2035, which nearly doubles the count of 3.8 billion air passengers in 2016.

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.

1. 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.

2. 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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Contact Us:
If you have any queries about this report or if you would like further information, please contact us:
Contact Person: Sameer Joshi
E-mail: sales@theinsightpartners.com
Phone: +1-646-491-9876

About Us:
The Insight Partners is a one-stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Healthcare, Manufacturing and Construction, Media and Technology, Chemicals, and Materials.

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