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SATCOM Transceivers Market Size, Growth, Analysis, Demand And Forecast 2033
SATCOM Transceivers Market Size
According to The Business Research Company's, The SATCOM Transceivers market size has grown rapidly in recent years. It will grow from $24.33 billion in 2023 to $26.81 billion in 2024 at a compound annual growth rate (CAGR) of 10.20%. The growth in the historic period can be attributed to expanding use in defense and military applications, increasing adoption in commercial aviation, growth of the commercial space industry, increasing demand for remote sensing applications, rising integration of the internet of things (IoT).
The SATCOM Transceivers market size is expected to see rapid growth in the next few years. It will grow to $39.26 billion in 2028 at a compound annual growth rate (CAGR) of 10.00%. The growth in the forecast period can be attributed to increasing demand for real-time data transfer, rise of unmanned aerial vehicles (UAVs) and autonomous systems, growing number of satellite launches, growing demand for in-flight connectivity, growing demand for high-throughput satellites (HTS). Major trends in the forecast period include technological innovation in SATCOM transceivers, advancements in satellite technology, advancements in RF and microwave technologies, development of software-defined radios (SDR) technology, use of artificial intelligence (AI).
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Market Drivers and Trends:
The growing number of satellite launches is expected to propel the growth of the SATCOM transceivers market going forward. Satellite launches refer to sending satellites into space using a launch vehicle or rocket to place them into orbit around Earth or to travel to other celestial bodies. Satellite launches are increasing due to government funding, low costs, rapid development cycles, and versatility. A SATCOM transceiver enables real-time satellite and ground control communication, facilitating command and control, data transmission, and monitoring of the satellite's health and status. For instance, in September 2022, according to the U.S. Government Accountability Office, a U.S.-based government agency, nearly 5,500 satellites were in orbit in 2022, with an estimated 58,000 more to be launched by 2030. Therefore, the growing number of satellite launches is driving the growth of the SATCOM transceivers market.
Major companies operating in the SATCOM transceivers market are focused on developing innovative technologies such as very-small-aperture terminals (VSAT) to increase their profitability in the market. A very small aperture terminal (VSAT) provides reliable point-to-point data, voice, or video communication links in SATCOM transceivers, allowing for global communication and connectivity and enabling access to data and information from various locations worldwide. For instance, in August 2022, Cobham Ltd., a UK-based aerospace company, launched the SAILOR 1000 XTR Ka and SAILOR 600 XTR Ka antennas, part of the innovative SAILOR XTR series, to enhance broadband access via the THOR 7 satellite, boasting features such as advanced VSAT, dual-polarization, and wide-band Ka capabilities. These antennas promise seamless tech integration, easy setup, and superior performance, aiming to improve safety, reduce costs, and minimize environmental impact through reliable data connectivity on Telenor Satellite's European network.
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Major Key Players of the Market:
Hitachi Ltd., The Boeing Company, Airbus SE, Northrop Grumman Corporation, Mitsubishi Electric Corporation, Honeywell International Inc., Fujitsu Limited, NEC Corporation, Thales Group, L3Harris Technologies Inc., Kyocera Corporation, Viasat Inc., Cobham Limited, Rohde & Schwarz GmbH & Co. KG, SES S.A., Intelsat Ltd., Iridium Communications Inc., KVH Industries Inc., Comtech EF Data Corporation, AnaCom Inc., Intellian Technologies Inc., Advantech Wireless Technologies Inc., Skyware Technologies Limited, ACORDE TECHNOLOGIES S.A., Amplus Communication Pte. Ltd., ViaLite Communications LLC, Arralis Ltd.
SATCOM Transceivers Market 2024 Key Insights:
• The satcom transceivers is expected to grow to $39.26 billion in 2028 at a compound annual growth rate (CAGR) of 10.00%.
• Navigating The Growth Of SATCOM Transceivers In An Era Of Space Expansion
• Cobham Ltd. Launches Advanced VSAT Antennas For Enhanced Broadband Access
• North America was the largest region in the SATCOM transceivers market in 2023.
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