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Airborne SATCOM Market Size, Share Analysis, Growth Trends And Global Forecast To 2032
Airborne SATCOM Market Analysis
The Business Research Company's Airborne SATCOM Global Market Report 2023 identifies surge in air passenger traffic as the major driver for the airborne SATCOM market's growth in the forecast period. Air passenger traffic refers to the total number of passengers travelling via air transport mode. Airborne SATCOM helps air passenger traffic by verifying a satellite-based air traffic services datalink using SATCOM.
The global airborne SATCOM market size is expected to grow from $5.22 billion in 2022 to $5.71 billion in 2023 at a compound annual growth rate (CAGR) of 9.4%. 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 airborne SATCOM market is expected to reach $7.92 billion in 2027 at a CAGR of 8.5%.
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Major competitors in the airborne SATCOM market are Hughes Network Systems LLC, Iridium Communications Inc., Astronics Corporation, Norsat International Inc., Israel Aerospace Industries, Singapore Technologies Engineering Ltd.
A key trend in the airborne SATCOM market includes technological advancement. Major companies operating in the airborne SATCOM market are making strides in new technologies, research, and development to sustain their position in the market. For instance, in June 2021, Honeywell, a US-based electronics and motor manufacturer in military and commercial avionics, introduced JetWave MCX, a device that builds JetWave products and offers technical advancements designed especially for global military customers. It is designed for military or government aircraft used for missions such as search and rescue, fighting, or surveillance. This unique JetWave MCX feature provides operators with broadband technology, multi-network capability, and resiliency, ensuring the warfighter has high-speed access available anywhere in the world.
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The airborne SATCOM market is segmented -
1) By Component: SATCOM Terminals, Transceivers, Airborne Radio, Modems and Routers, SATCOM Radomes, Other Components
2) By Platform: Fixed Wing, Commercial Aircraft, Narrow Body Aircraft (NBA), Wide Body Aircraft (WBA), Regional Transport Aircraft (RTA), Military Aircraft, Business Aviation and General Aviation, Rotary Wing, Unmanned Aerial Vehicles (UAV)
3) By Frequency: VHF/UHF-Band, L-Band, S-Band, C-Band, X-Band, Ku-Band, Ka-Band, EHF/SHF-Band, Multi-Band, Q-Band
4) By Installation: New Installation, Upgrade
5) By Application: Government and Defence, Commercial
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the airborne SATCOM market.
The Business Research Company's "Global Airborne SATCOM Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Airborne SATCOM Market Include:
1. Executive Summary
2. Airborne SATCOM Market Characteristics
3. Airborne SATCOM Market Trends And Strategies
4. Airborne SATCOM Market - Macro Economic Scenario
5. Airborne SATCOM Market Size And Growth
……..
26. Africa Airborne SATCOM Market
27. Airborne SATCOM Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Airborne SATCOM Market
29. Airborne SATCOM Market Future Outlook and Potential Analysis
30. Appendix
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