Satellite Communication (SATCOM) Equipment Market Set to Grow at the Fastest Rate- Time to Grow your Revenue

The SATCOM equipment market is valued at USD 22.6 billion in 2023 and is projected to reach USD 38.7 billion by 2028, at a CAGR of 11.3% from 2023 to 2028. With advancements in electronics, communication equipment (antenna, radio, etc.), and information technology, the world is today moving towards digitalization. Information quality is a crucial aspect of SATCOM equipment in the digital space. However, the information quality delivered to end users depends on the data received from the various sources. If the system fails to meet the quality needed, the data will not be transformed into useful information. While modernizing SATCOM equipment for commercial and military applications, essential requirements include high reliability, efficiency, and compact size. SATCOM equipment systems aim to reduce uncertainty and exploit high-quality information while providing useful real-time information. Due to these requirements, market players put enormous efforts into developing technologically advanced SATCOM equipment. The report on the SATCOM equipment market provides a detailed trend analysis from 2020 to 2028. It discusses industry and technology trends prevailing in the market and drivers, restraints, challenges, and opportunities that influence the market's growth.

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The development of omnidirectional and circularly polarized slotted antennas indicates the potential for improvement of existing antenna designs, such as transferring signals around mountains or the curvature of the Earth. A novel method of a wideband circular polarization 2 × 2 microstrip antenna array working at Ka-band frequencies, from 27.5 to 31 GHz., is highly integrable with new silicon beamformer chips, creating a unit cell that can be a part of a large electronically steerable antenna for compact, ultra-low-profile, Satcom-on-the-move (SOTM) platforms. A multi-layer structure fabricated in a standard printed circuit board (PCB) technology with high-yield substrates has been used. The radiating elements consist of double-stacked circular patches housed in a cavity and fed by an H-shaped aperture coupling. It achieves a bandwidth of 16.5% with a wide beamwidth of 95 degrees in the desired band, which is necessary for wide scanning angles in a large-phased array. Non-identical antenna array slots can be placed in geometrically symmetric patterns to decrease gain variation and improve signal quality. This results in the doubling of satellite bandwidth at the 12 GHz frequency.

Based on the platform, the airborne SATCOM segment is estimated to lead the SATCOM equipment market from 2023 to 2028 and is projected to grow further due to North American and European countries have been focusing on modernizing and overhauling their aircraft communication systems by using customized SATCOM on-the-move solutions. These modernization programs are expected to increase the demand for advanced airborne SATCOM in new aircraft. Airborne SATCOM equipment can also be installed in the existing fleet as a part of retrofitting or upgrading activities.

Based on technology, the satellite communication equipment market has been segmented into SATCOM-on-the-move (SOTM/COTM) and SATCOM-on-the-pause (SOTP). Modern military warfare is highly asymmetric and mobile; military units desire SOTM systems. Companies like General Dynamics, Gilat Satellite Networks, Raytheon, and ViaSat supply SOTM systems. Wideband satellite frequencies (C, Ku, X, Ka) to provide high-bandwidth services to earth station antennas that continuously track satellites and maintain communications links while in motion has opened up new markets for SOTM applications.

Based on the solution, the SATCOM equipment market has been segmented into products and services. The product segment is expected to dominate the SATCOM equipment market from 2023 to 2028, accounting for an estimated market share of 93% in 2023. Increasing demand for sensors for next-generation airborne intelligence, surveillance, and reconnaissance system, the need for a 5G network for faster wireless data transfer, the order of wired communication devices underwater and subsurface military applications, increasing use of phased-array antenna systems in naval and airborne platforms, increasing need of power amplifiers for military and commercial satellite uplink applications, increasing demand of secure SATCOM to support missions from command centers will drive the market.

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Based on region, North America is expected to lead the SATCOM equipment market in 2023. The US is the largest market for SATCOM equipment in North America. The increasing spending by US defense organizations and private players and Telesat's deployment of LEO constellations are key factors expected to drive the SATCOM equipment market in North America. The satcom equipment market in the United States is experiencing growth due to several factors. Firstly, there is a rising demand for broadband connectivity across various industries and sectors. Satcom equipment is crucial in providing reliable and high-speed broadband services, particularly in rural and remote areas where terrestrial infrastructure may be limited. This demand is driven by the need to bridge the digital divide and ensure connectivity for underserved communities. The expansion of 5G networks is contributing to the growth of the satcom equipment market. The deployment of 5G networks requires robust backhaul and transport solutions to support increased data traffic and low-latency requirements.

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