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Space Ground Station Equipment Market Share, New Trends, Growth Forecast 2024-2033
Space Ground Station Equipment Market Share
As per the report, the space ground station equipment market size has grown strongly in recent years. It will grow from $9.49 billion in 2023 to $10.35 billion in 2024 at a compound annual growth rate (CAGR) of 9.0%. The space ground station equipment market size is expected to see strong growth in the next few years. It will grow to $14.66 billion in 2028 at a compound annual growth rate (CAGR) of 9.1%.
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Surging Demand For Satellite Communication Networks Fuels Space Ground Station Equipment Market
The increasing demand for satellite communication networks is expected to propel the growth of the space ground station equipment market going forward. The satellite communication network is a man-made satellite network that sends information via a transponder by opening a channel between a transmitter and a receiver at various Earth points. This allows a ground station to monitor a satellite's location and manage its propulsion, thermal, and other systems. Hence, the increasing demand for satellite communication networks contributes to the growth of space ground station equipment. For instance, in March 2022, according to Pixalytics Ltd, a UK-based earth observation company, there were 3135 communication network satellites in 2022, an increase of 71.12% from December 2020. Therefore, the increasing demand for satellite communication networks is driving the growth of the space ground station equipment market.
Terrasat Communications Takes A Leap With Cyber-Hardened Intelligent Bucs
Technological advancements are a key trend gaining popularity in the space ground station equipment market. Companies operating in the space ground station equipment market are adopting new technologies to sustain their position in the market. For instance, in April 2021, Terrasat Communications, a US-based company that designs and manufactures innovative RF solutions for Satellite Communications systems, launched new Cyber Hardened Intelligent BUCs. The new IBUCs efficiently provide security management control through encrypted authentication, privacy, and access control to ensure end-to-end message delivery by preventing session hijacking, password attacks, and eavesdropping.
The space ground station equipment market covered in this report is segmented -
1) By Type: Consumer Equipment, Network Equipment
2) By Satellite Communication Service: Fixed Satellite Services, Mobile Satellite Services
3) By Application: Communication, Earth Observation, Navigation
4) By End User: Consumer, Government And Military, Commercial, Enterprise
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Major companies operating in the space ground station equipment market report are EchoStar Corporation, AAC Clyde Space, Comtech Telecommunication Corporation, Analog Devices Inc., GomSpace, Infostellar Inc., Inmarsat Global Limited, Kongsberg Satellite Services AS, Marlink Gmbh, Swedish Space Corporation, Thales Group, Viasat Inc., Gilat Satellite Networks, Harris Corporation, Kratos Defense & Security Solutions Inc., VT iDirect Inc., Advantech Wireless Technologies Inc., Norsat International Inc., Terrasat Communications Inc., Iridium Communications Inc., Orbcomm Inc., Globalstar Inc., Speedcast International Limited, Northrop Grumman Corporation, L3Harris Technologies Inc., General Dynamics Corporation, Raytheon Technologies Corporation, Lockheed Martin Corporation, Space Exploration Technologies Corp., Hughes Network Systems LLC
Contents of the report:
1. Executive Summary
2. Space Ground Station Equipment Market Report Structure
3. Space Ground Station Equipment Market Trends And Strategies
4. Space Ground Station Equipment Market - Macro Economic Scenario
5. Space Ground Station Equipment Market Size And Growth
…..
27. Space Ground Station Equipment Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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