SATCOM On The Move Market Key Players, Market Analysis, Share, Trends And Forecast To 2033

"The new report published by The Business Research Company, titled SATCOM On The Move Global Market Report 2024 - Market Size, Trends, And Global Forecast 2024-2033, delivers an in-depth analysis of the leading size and forecasts, investment opportunities, winning strategies, market drivers and trends, competitive landscape, and evolving market trends.

As per the report, the satcom on the move market size has grown rapidly in recent years. It will grow from $26.98 billion in 2023 to $32.26 billion in 2024 at a compound annual growth rate (CAGR) of 19.6%. The satcom on the move market size is expected to see exponential growth in the next few years. It will grow to $67.49 billion in 2028 at a compound annual growth rate (CAGR) of 20.3%.

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Impact Of Customized Sotm Technology On Unmanned Ground Vehicles (UGVS)
The increasing demand for customized SOTM solutions for unmanned ground vehicles (UGV) propels the growth of the SATCOM on the move market. The unmanned ground vehicle refers to the robotic devices that run on the ground without a human operator. The SATCOM-On-the-Move technology can be applied to various prospective UGVs for land operations to improve mission performance, combat effectiveness, and worker safety. These involve finding, removing, and getting through minefields and other barriers. For instance, in December 2021, according to the annual report 2021 published by General Dynamics, a US-based aerospace and defense corporation, the company reported an increase in the US revenue for its technology segment which encompasses a mission system product line consisting of SATCOM on the move antennas for a ground vehicle, which was $11.72 billion, in 2020 and increased to $11.81 billion in 2021. Therefore, the increasing demand for customized SOTM solutions for unmanned ground vehicles is driving the growth of the SATCOM on the move market.

Satcom Market's Embrace Of Innovative Solutions
Product innovations are a key trend gaining popularity in the SATCOM on the move market. Major companies operating in the SATCOM on the move market are introducing innovative products for government and military applications to grow in the market. For instance, in March 2023, ComClark Network and Technology Corporation, a Philippines-based premiere provider of customer-focused information and communication technology (ICT) and broadcast services, launched SATCOM on the Move (SOTM), a system integrator and value-added service provider of internet network broadband communications technology and broadcast service solutions. The SOTM solution is designed to provide always-on connectivity for mobile users, including emergency responders, government agencies and businesses. The solution uses satellite communications to provide users with high-speed, low-latency internet access.

The satcom on the move market covered in this report is segmented -

1) By Type: Equipment, Service
2) By Frequency: C Band, L Band, S Band, X Band, Ka Band, Ku Band, Uhf Band, Shf Band
3) By Platform: Land Mobile, Airborne, Maritime
4) By Vertical: Commercial, Government, Defense

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Major companies operating in the satcom on the move market report are Honeywell International Inc, L3Harris Technologies, EchoStar Corporation, Thales Group, Viasat, Inc,Aselsan A.S., BAE Systems plc, Ball Corporation, Inmarsat Global Limited, General Dynamics Corp, Singapore Technologies Engineering Ltd, Bharat Electronics Limited (BEL), Antrix Corporation Limited, NEC Corporation, Space Star Technology Co Ltd, Eutelsat Communications SA, Avanti Communications, Cobham Limited, Airbus Defence and Space, Telespazio, Surrey Satellite Technology Ltd, Rohde and Schwarz, Russian Satellite Communications Company, SENER Polska sp. z o.o, Raytheon Intelligence & Space, Hughes Network Systems, Gilat Satellite Networks, Elbit Systems Ltd., Andesat, Globalsat Group, Intelsat, Thuraya, Al Yah Satellite Communications Company, Etisalat UAE, Space AI, Scorpio Space, Yahsat, SCS Space, Blue Sky Communications, Alkan

Contents of the report:
1. Executive Summary
2. SATCOM On The Move Market Report Structure
3. SATCOM On The Move Market Trends And Strategies
4. SATCOM On The Move Market - Macro Economic Scenario
5. SATCOM On The Move Market Size And Growth
…..
27. SATCOM On The Move Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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