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Satellite Communication Equipment Market Report 2023 - Size, Industry Share, Analysis And Key Trends 2032 | SKY Perfect JSAT Holdings Inc., L3 Technologies Inc., SES S.A., Telesat LLC, Intelsat S.A
Satellite Communication Equipment Market
Satellite Communication Equipment Market Size, Growth Rate, And Forecast
The global satellite communication (satcom) equipment market size grew from $34.4 billion in 2022 to $39.43 billion in 2023 at a compound annual growth rate (CAGR) of 14.6%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The satellite communication (satcom) equipment market size is expected to grow to $67.68 billion in 2027 at a CAGR of 14.5%.
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Satellite Communication Equipment Market Drivers
The increasing number of mobile satellite services and small satellites is driving the growth of the satellite communication (SATCOM) equipment market. Mobile satellite services (MSS) offer two-way voice and data communications to people all over the world who are travelling or residing in remote areas. Widespread adoption of small satellites and mobile satellites is increasing as it gives the entire programme crucial flexibility for earth science research missions.
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Satellite Communication Equipment Market Segments
By Satellite Type: Large Satellite (>2500 KG), Medium Satellite (501 - 2500 KG), Small Satellite (1 - 500 KG), Cubesat (0.27 - 27 Cubic Unit Of 103 Cm).
By Component Type: Amplifiers, Transceivers, Space Antennas, Transponders, and Other Components.
By Application: Navigation, Scientific Research, Communication, Remote Sensing, Other Applications.
By End-Use: Commercial, Government, and Military.
By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the Satellite Communication Equipment market.
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Satellite Communication Equipment Market Key Players
Major competitors in the satellite communication equipment market include SKY Perfect JSAT Holdings Inc., L3 Technologies Inc., SES S.A., Telesat LLC, Intelsat S.A., Viasat Inc., General Dynamics Corporation.
The Business Research Company's "Global Satellite Communication Equipment Market Report 2023" is a comprehensive report of the market, covering over 60 geographies and high level market segmentation per geography. The section on regional and country breakdowns examines the market in each geography as well as market size by region and country. Furthermore, it evaluates the market's historical and projected growth and identifies significant trends and strategies that businesses can use to expand their operations.
The Table Of Content For The Satellite Communication Equipment Market Include:
1. Executive Summary
2. Satellite Communication (SATCOM) Equipment Market Characteristics
3. Satellite Communication (SATCOM) Equipment Market Trends And Strategies
4. Satellite Communication (SATCOM) Equipment Market - Macro Economic Scenario
5. Satellite Communication (SATCOM) Equipment Market Size And Growth
……
26. Africa Satellite Communication (SATCOM) Equipment Market
27. Satellite Communication (SATCOM) Equipment Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Satellite Communication (SATCOM) Equipment Market
29. Satellite Communication (SATCOM) Equipment Market Future Outlook and Potential Analysis
30. Appendix
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