Satellite Communications Market Geographical Expansion & Analysis Growth Development, Status, Recorded during 2017 to 2032

Satellite Communication (SATCOM) Market is valued at USD 80.33 billion in 2022 and is projected to reach a value of USD 169.70 billion in 2030 expanding at a CAGR of 9.8% over the forecast period of 2022-2030.

Information is transported from one location to another via a satellite in Earth orbit through the method of satellite communication (SATCOM). The most typical application of satellites is for communication. They are utilised for mobile applications such broadcasting TV and radio and communicating with automobiles, ships, aeroplanes, and handheld terminals.
Due to the large number of operators serving the growing demand, the SATCOM industry is highly fragmented. High levels of rivalry among industry participants spur product innovation, which draws in additional customers. In turn, this promotes market expansion. To increase their market presence, many major firms, like Honeywell International, Inc. (US), are introducing new and sophisticated SATCOM systems. As more satellites are deployed, the market for satellite communications is anticipated to expand significantly.

The use of man-made satellites to establish communication linkages between various locations on Earth is known as satellite communication. An artificial satellite known as a communication satellite uses a transponder to amplify and connect the radio telecommunications signal. It establishes a line of communication between a source transmitter and a receiver that are positioned throughout different parts of the earth. Satellite communication is widely used in applications for television, telephone, radio, the internet, and the military.

Global Satellite Communication (Satcom) Market: Key Trends
Rise In Increase Of Things (Iot) And Autonomous System
One of the major factor that has fuelled the market growth is the rise in IoT and autonomous system over the forecast period. This is because, the merging applications and business models and falling device costs have been instrumental in driving IoT adoption, which has consequently increased the number of connected devices and endpoints globally. This has fuelled the market growth.
Cybersecurity Acts As A Major Concern
The major concern to the global satellite communication market is the cybersecurity. This is because the entire process of launching a satellite to transmit data is highly sensitive. The major challenge lies in the negative impact that the cybersecurity threats can potentially make as the vulnerabilities are mission-critical.

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Global Satellite Communications Market: Major Players
• Viasat, Inc.
• The Boeing Company
• L3 Harris Technologies, Inc.
• Iridium Communications Inc.
• Cobham plc
• General Dynamics Corporation
• Indra Sistemas, S.A.
• Inmarsat plc
• Qualcomm Technologies, Inc.
• Honeywell International, Inc.

Global Satellite Communications Market: Types
• Satcom Receiver
• Satcom Transmitter/Transponder
• Satcom Transceiver
• Satcom Antenna
• Others

Global Satellite Communications Market: Applications
• Portable SATCOM Equipment
• Land SATCOM Equipment
• Maritime SATCOM Equipment
• Airborne SATCOM Equipment

Global Satellite Communications Market: Regional Analysis
All the regional segmentation has been studied based on recent and future trends, and the market is forecasted throughout the prediction period. The countries covered in the regional analysis of the Global Satellite Communications market report are U.S., Canada, and Mexico in North America, Germany, France, U.K., Russia, Italy, Spain, Turkey, Netherlands, Switzerland, Belgium, and Rest of Europe in Europe, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, China, Japan, India, South Korea, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), and Argentina, Brazil, and Rest of South America as part of South America.

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