Press release
Airborne L-Band SATCOM Market is Projected to Grow Expeditiously: to Reach USD 1.22 Billion by 2030, Report
According to the report, the global airborne L-Band SATCOM industry generated $0.73 billion in 2020, and is anticipated to generate $1.22 billion by 2030, witnessing a CAGR of 5.6% from 2021 to 2030.
๐๐จ๐ฐ๐ง๐ฅ๐จ๐๐ ๐๐๐ฉ๐จ๐ซ๐ญ (308 ๐๐๐ ๐๐ฌ ๐๐๐ ๐ฐ๐ข๐ญ๐ก ๐๐ง๐ฌ๐ข๐ ๐ก๐ญ๐ฌ, ๐๐ก๐๐ซ๐ญ๐ฌ, ๐๐๐๐ฅ๐๐ฌ, ๐ ๐ข๐ ๐ฎ๐ซ๐๐ฌ) ๐๐ญ https://www.alliedmarketresearch.com/request-sample/9566
Prime determinants of growth
Increase in demand for SATCOM on-the-move (OTM) solutions, rise in adoption in high-altitude, long endurance (HALE) and medium altitude, long endurance (MALE) UAVs for surveillance applications, and modernization of air traffic management system drive the growth of the global airborne L-Band SATCOM market. However, cybersecurity issues and backend operations hinder the market growth. On the other hand, development of ultra-compact SATCOM terminals and increase in demand for long-haul flights present new opportunities in the coming years.
The commercial aircraft segment to maintain its leadership status throughout the forecast period
Based on platform, the commercial aircraft segment held the highest market share in 2020, accounting for around one-third of the global airborne L-Band SATCOM market, and is estimated to maintain its leadership status throughout the forecast period. This is due to major SATCOM companies being working together to create SATCOM solutions for the growing commercial aviation industry. However, the UAV segment is projected to manifest the highest CAGR of 7.5% from 2021 to 2030, owing to the increase in demand for UAVs in various applications.
The new installation segment to maintain its lead position during the forecast period
Based on installation type, the new installation segment accounted for the largest share in 2020, contributing to nearly two-thirds of the global airborne L-Band SATCOM market, and is projected to maintain its lead position during the forecast period. This is due to rise in deployment of modern airborne SATCOM systems across commercial and military applications as well as increased demand for new commercial aircraft orders. Moreover, the upgradation segment is expected to portray the largest CAGR of 6.0% from 2021 to 2030, as the government and commercial aviation businesses are upgrading their existing aircraft to provide reliable mobile ad-hoc networking and data, voice, and picture communication beyond line-of-sight.
๐๐ง๐ญ๐๐ซ๐๐ฌ๐ญ๐๐ ๐ญ๐จ ๐๐ซ๐จ๐๐ฎ๐ซ๐ ๐ญ๐ก๐ ๐๐๐ญ๐? ๐๐ง๐ช๐ฎ๐ข๐ซ๐ ๐ก๐๐ซ๐ ๐๐ญ https://www.alliedmarketresearch.com/purchase-enquiry/9566
North America to maintain its dominance by 2030
Based on region, North America held the highest market share in terms of revenue 2020, accounting for around one-third of the global airborne L-Band SATCOM market. This is due to an increase in demand for military satellite systems and equipment in the U.S. and Canada. However, the Asia-Pacific region is expected to witness the fastest CAGR of 6.6% from 2021 to 2030. This is due to increase in focus on strengthening various military industries in emerging nations such as China and India.
Leading Market Players:
ASELSAN A.S.
Ball Corporation
Cobham Ltd
Honeywell International Inc.
Hughes Network Systems, LLC
Inmarsat Global Limited
Iridium Communications Inc.
Raytheon Technologies Corporation
Teledyne Technologies Incorporated
Thales Group
Viasat Inc.
๐๐๐๐๐๐๐-๐๐๐๐ ๐๐ ๐ ๐๐ (๐๐ข๐ฅ๐ฅ 30 ๐๐๐ 2025) - ๐๐ฎ๐ฒ ๐๐จ๐ฐ & ๐๐๐ญ ๐๐ฑ๐๐ฅ๐ฎ๐ฌ๐ข๐ฏ๐ ๐๐ข๐ฌ๐๐จ๐ฎ๐ง๐ญ ๐จ๐ง ๐ญ๐ก๐ข๐ฌ ๐๐๐ฉ๐จ๐ซ๐ญ https://www.alliedmarketresearch.com/checkout-final/a321b330c3f87e0aeeca8b1149ee1803
๐๐๐๐ ๐๐จ๐ซ๐- https://www.prnewswire.com/news-releases/airborne-l-band-satcom-market-to-reach-1-22-billion-globally-by-2030-at-5-6-cagr-allied-market-research-301457085.html
๐๐ก๐๐๐ค ๐๐ฎ๐ซ ๐๐๐ฅ๐๐ญ๐๐ ๐๐๐ฉ๐จ๐ซ๐ญ๐ฌ :-
๐๐ฎ๐๐ฆ๐๐ซ๐ข๐ง๐ ๐๐๐ซ๐ค๐๐ญ https://www.alliedmarketresearch.com/submarine-market-A10675
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