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Airborne SATCOM Global Market Analysis, Trends, Growth, Research And Forecast 2033
Airborne SATCOM Global Market
Airborne SATCOM Global Market Report 2024 by The Business Research Company offers comprehensive market insights, empowering businesses with a competitive edge. It includes detailed estimates for numerous segments and sub-segments, providing valuable strategic guidance.
The Market Size Is Expected To Reach $77.71 billion In 2028 At A CAGR Of 11.7% :
The airborne satcom market size has grown strongly in recent years. It will grow from $5.71 billion in 2023 to $6.25 billion in 2024 at a compound annual growth rate (CAGR) of 9.4%. The growth in the historic period can be attributed to surge in commercial air travel, government investments in defense, globalization of military operations, emergency response and disaster management, increased data transfer requirements, integration with avionics systems.
The airborne satcom market size is expected to see strong growth in the next few years. It will grow to $8.77 billion in 2028 at a compound annual growth rate (CAGR) of 8.8%. The growth in the forecast period can be attributed to commercial space industry growth, satellite constellation expansion, connectivity demand in business aviation, urban air mobility (uam) expansion, cybersecurity concerns, demand for real-time data in precision agriculture. Major trends in the forecast period include integration of advanced technologies, emergence of next-generation satcom systems, increasing use in unmanned aerial vehicles (uavs), partnerships and collaborations.
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Airborne SATCOM Market Major Segments
The airborne satcom market covered in this report 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
Key Driver - Rising Air Passenger Traffic Fuels Growth In The Airborne Satcom Market
A surge in air passenger traffic is expected to drive the airborne SATCOM market going forward. 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. For instance, according to a report in June 2022 by IATA, a Canada-based trade association of the world's airlines, revenue passenger kilometers, or RPKs, which reflect total demand for air travel, showed a growth of 78.7% from April 2021 to April 2022 and was slightly higher than the 76.0% increase from March 2022. Therefore, the increase in air passenger traffic is driving the growth of the airborne SATCOM market.
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Prominent Trend - Technological Advancements Driving Innovation In The Airborne Satcom Market
Technological advancement is a key trend gaining popularity in the airborne SATCOM market. 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.
Airborne SATCOM Market Players
Major companies operating in the airborne satcom market report are Hughes Network Systems LLC, Iridium Communications Inc., Astronics Corporation, Norsat International Inc., Israel Aerospace Industries, Singapore Technologies Engineering Ltd., Mitsubishi Electric Corporation, Teledyne Defense Electronics, L3 Harris Technologies Inc., Northrop Grumman Corporation, Raytheon Company, Aselsan AS, Cobham Limited, General Dynamics Corporation, Honeywell International Inc., Viasat Inc., Gilat Satellite Networks, Thales Group, Inmarsat plc, Kratos Defense & Security Solutions Inc., Harris Corporation, Comtech Telecommunications Corp., Gogo Inc., Lufthansa Systems GmbH & Co. KG, Avionica Inc., Intelsat S.A., EchoStar Corporation, Technologies Corporation, DataPath Inc., KVH Industries Inc., Wavestream Corporation, SES S.A., Panasonic Avionics Corporation
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Largest And Fastest Growing Region In The Market
North America was the largest region in the airborne SATCOM market in 2023. Asia-Pacific is expected to be the fastest-growing region in the airborne SATCOM market report during the forecast period. The regions covered in the airborne satcom market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Airborne SATCOM Market Report Structure
3. Airborne SATCOM Market Trends And Strategies
4. Airborne SATCOM Market - Macro Economic Scenario
5. Airborne SATCOM Market Size And Growth
…..
27. Airborne SATCOM Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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