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Satellite Communication Terminal Market New Business Opportunities and Investment Research Report by 2023 to 2028.

12-06-2023 01:22 PM CET | Advertising, Media Consulting, Marketing Research

Press release from: Premium Market Insights

Satellite Communication Terminal Market New Business

The Satellite Communication Terminal Market size was valued at US$ 4,249.0 million in 2023 and it is expected to reach US$ 6,030.7 million by 2028; it is estimated to record a CAGR of 7.3% from 2023 to 2028.

The satellite communication terminal market is growing because of the battlefield, the rise in public safety, and the desire for a reliable network during emergencies. The growth of the OTT platforms and IPTV are other factors responsible for the growth of the satellite industry, which in turn, promotes SATCOM communication and SATCOM communication hardware such as terminals.

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The List of Companies - Satellite Communication Terminal Market

1. Airbus
2. AVL Technologies
3. Collins Aerospace
4. General Dynamics Mission Systems, Inc.
5. Honeywell International Inc.
6. L3Harris Technologies, Inc.
7. NEC Corporation
8. ST ENGINEERING
9. Thales Group
10. Viasat, Inc.

However, the market's growth is hampered by high implementation costs, restricted data transit capabilities, and limited spectrum bandwidth. On the other hand, government investments in mission-critical communication systems in the defense sector are likely to generate attractive prospects for the industry in the coming years.

Downlink satellite transmissions using C-band frequencies provide a wide range of services in developed and developing countries, including critical applications such as distance learning, telemedicine, and universal access services; backhaul services (telephony, Internet); very small aperture terminal (VSAT) data links such as bank transactions or corporate networks; television program distribution; mobile-satellite service feeder links; and emergency.

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