Press release
Satellite Antenna Market Set to Reach $6.12 Billion by 2029 with 12.2% Yearly Growth
Satellite Antenna
The increasing need for small satellites is propelling the satellite antenna market upwards. These diminutive satellites are cost-effective and less expensive to launch, providing efficient connectivity. This growing deployment of small satellites has sparked creativity and growth in the satellite antenna sector, leading to a demand for smaller, more affordable, and technologically advanced antenna systems. For example, organisations like the United States Government Accountability Office (GAO) and Euroconsult plan to launch a significant quantity of these small satellites by 2030. As of spring 2022, approximately 5,500 satellites are actively orbiting, with one estimate suggesting an additional 58,000 launches by 2030, mostly in low Earth orbit (LEO). Consequently, the surging requirement for small satellites is likely to enhance the market need for satellite antennas.
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What growth opportunities are expected to drive the satellite antenna market's CAGR through 2034?
The value of the satellite antenna market has seen significant growth in past years. The current projection expects an increase from $3.53 billion in 2024 to $3.86 billion in 2025, indicating a compound annual growth rate (CAGR) of 9.3%. This impressive growth during the historical phase arises from a myriad of factors such as the growth in global satellite communication, heightened demand for high-speed data transmission, an upswing in the need for broadcasting services, and the usage in military and defense operations, as well as exploration and navigation necessities.
The market size of satellite antennas is anticipated to experience a swift expansion in the forthcoming years, rising to $6.12 billion in 2029 with a compound annual growth rate (CAGR) of 12.2%. Factors contributing to the growth during the forecast period include the advent of low earth orbit (LEO) satellites, the need for high-frequency bands, the growth of 5G satellite networks, and the escalation of space exploration missions. Leading trends within the forecast period encompass the incorporation of artificial intelligence (AI) in antenna systems, the rising demand for high-throughput satellite (HTS) systems, the concentration on antenna design for electrically small satellites, heightened focus on antenna testing and simulation, along with a growing fascination in inter-satellite links (ISL).
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What are the emerging trends shaping the future of the satellite antenna market?
Key players in the satellite antenna industry are innovating ultra-compact satellite antennas, including maritime satellite TV antennas, with the aim of improving connectivity, portability, and performance for different uses. A maritime satellite TV antenna is a particular equipment that captures satellite TV signals on mobile ships. It adjusts itself automatically to keep a steady connection, ensuring a consistent supply of entertainment and news during sea travel. For example, Cobham Satcom, a company based in Denmark, introduced a Sea Tel 370s TV in July 2024. The device improves access to onboard television for large cruise liners and mega yachts by delivering premium content, automatic C-band switching and resistance to 5G interference. It aims to enhance the contentment of guests while minimizing operating expenses and maintenance requirements.
Which growth-oriented segments of the satellite antenna market are leading the industry's development?
The satellite antenna market covered in this report is segmented -
1) By Antenna Type: Flat Panel Antenna, Parabolic Reflector Antenna, Horn Antenna
2) By Component Type: Reflectors, Feed Horns, Feed Networks, Low Noise Converters, Other Component Types
3) By Frequency Band: C Band, K/KU/KA Band, S And L Band, X Band, VHF And UHF Band, Other Frequency Bands
4) By Application: Space, Land, Maritime
Subsegments:
1) By Flat Panel Antenna: Active Flat Panel Antenna, Passive Flat Panel Antenna
2) By Parabolic Reflector Antenna: C-Band Parabolic Reflector Antenna, Ku-band Parabolic Reflector Antenna, Ka-Band Parabolic Reflector Antenna
3) By Horn Antenna: Standard Horn Antenna, Sectoral Horn Antenna, Conical Horn Antenna
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What regions are leading the charge in the satellite antenna market?
North America was the largest region in the satellite antenna market in 2024. Asia Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the satellite antenna market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What companies are at the forefront of innovation in the satellite antenna market?
Major companies operating in the satellite antenna market include Airbus SAS, General Dynamics Corporation, Mitsubishi Electric Corporation, Honeywell International Inc., Thales Group, L3Harris Technologies, CommScope Holding Company Inc., Viasat Inc., Cobham plc, Advantech Wireless Inc., EchoStar Corporation, Romantis GmbH, Maxar Technologies Inc., Inmarsat Global Limited, Skyware Technologies Ltd., Airbus Defence and Space Government Solutions Inc., MacDonald Dettwiler and Associates Ltd., Communications & Power Industries LLC, Comtech Telecommunications Corp, Gilat Satellite Networks Ltd., Intellian Technologies Inc., Satcom Direct Communications Inc., SpaceStar Technology Applications Co Ltd., Kymeta Corporation, Norsat International Inc., TECOM Industries Inc., C-COM Satellite Systems Inc., Pulse Power & Measurement Ltd., Elite Antennas Ltd., Orbital Systems (Pty) Ltd., SatPro Agro Pvt Ltd., Skytech Research Ltd., ThinKom Solutions Inc.
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What Is Covered In The Satellite Antenna Global Market Report?
•Market Size Forecast: Examine the satellite antenna market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the satellite antenna market for a structured understanding.
•Key Players Overview: Analyze major players in the satellite antenna market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the satellite antenna market.
•Segment Contributions: Evaluate how different segments drive overall growth in the satellite antenna market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the satellite antenna market.
•Industry Challenges: Identify potential risks and obstacles affecting the satellite antenna market.
•Competitive Landscape: Review strategic developments in the satellite antenna market, including expansions, agreements, and new product launches.
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