Satellite Antenna Market 2025 : to Reach USD 18.1 Billion by 2033, Top Impacting Factors

Allied Market Research published a report, titled, "Satellite Antenna Market by Antenna Type (Parabolic Reflector Antenna, Flat Panel Antenna, Others), by Frequency (C/K/Ku/Ka band, S, and L band, X band, VHF and UHF band, Others), by Platform (Land, Airborne, Maritime, Space): Global Opportunity Analysis and Industry Forecast, 2023-2032". According to the report, the global satellite antenna market was valued at $4.39 billion in 2022 and is projected to reach $17.59 billion by 2032, registering a CAGR of 15.1%.

Prime determinants of growth

Factors such as growth in satellite broadband services, rise of in-flight, maritime, and land mobile connectivity, and investments in SATCOM infrastructure and ground stations boost the growth of the di satellite antenna market. However, high costs associated with phased array and electronically steered antennas, regulatory barriers, and restrictions on placement/installation of antennas are anticipated to hinder market growth. On the other hand, development of flat panels, interoperable, multi-orbit antennas, and adoption of electronically steered antennas (ESA) in aerospace, defense provide a remarkable growth opportunity for the market players operating in the market.

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Impact of Russia-Ukraine War

On February 24, 2022, Russia initiated an invasion of Ukraine, marking a significant escalation in the ongoing Russo-Ukrainian War. The sanctions imposed on the space industry and space technology exports of Russia following its invasion of Ukraine could affect Russian satellite programs and operations.

This may reduce demand for ground antennas and satellite service terminals in Russia over the next few years. Domestic antenna manufacturers in Russia are anticipated to face pressures from the sanctions and economic uncertainty.
In addition, the satellite communications infrastructure of Ukraine on the ground has been disrupted significantly due to the conflict. The damage to ground station networks and loss of antenna facilities across the country may necessitate major infrastructure upgrades and investment in antennas post-war during the rebuilding phase.

Overall, the Russia-Ukraine war has dampened the near-term prospects for the global satellite antenna market through multiple interconnected factors. The market dynamics remain fluid and hard to precisely estimate.
The parabolic reflector antenna segment to maintain its leadership status throughout the forecast period

On the basis of antenna type, the parabolic reflector antenna segment held the highest market share in 2022, accounting for more than three-fourths of the global satellite antenna market revenue, and is estimated to maintain its leadership status throughout the forecast period. This is owing to the constant drive to improve bandwidth and frequency efficiency in these antennas. However, the flat panel antenna segment is projected to manifest the highest CAGR of 16.6% from 2023 to 2032, owing to the ever-increasing need for high-speed internet connectivity.

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The C/K/Ku/Ka band segment to maintain its leadership status throughout the forecast period

On the basis of frequency, the C/K/Ku/Ka band segment held the highest market share in 2022 and is estimated to maintain its leadership status throughout the forecast period. In addition, the same segment is projected to manifest the highest CAGR of 15.9% from 2023 to 2032. This owing to Ku band antennas is integral in providing reliable internet connectivity in rural and remote areas. Their use in maritime, aviation, and military applications further contributes to their growth.

North America to maintain its dominance by 2032

On the basis of region, North America held the highest market share in terms of revenue in 2022 and is estimated to maintain its leadership status throughout the forecast period, owing to major satellite companies being engaged in the development of sophisticated antenna technologies to strengthen the capabilities of satellite services in this region, which propel the growth of the satellite antenna market across North America. However, the Asia-Pacific is expected to portray the largest CAGR of 16.3% from 2023 to 2032, as a combination of economic growth, increase in satellite communication applications, and a strong emphasis on technological advancements.

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Leading Market Players: -
Honeywell International Inc.
Hughes Network Systems, LLC.
Kymeta Corporation
L3Harris Technologies, Inc.
Thales
Viasat, Inc.
Airbus DS Government Solutions Inc.
Cobham Limited
Gilat Satellite Networks
CPI International Inc.
Intellian Technologies, Inc.
Report Key Highlights:

The satellite antenna market study spans 14 countries, incorporating regional and segment analysis for each country based on projected values ($ billion) for the period from 2023 to 2032.

Read More- https://www.globenewswire.com/news-release/2024/05/08/2877895/0/en/Satellite-Antenna-Market-to-Reach-18-1-Billion-Globally-by-2033-at-13-20-CAGR-Allied-Market-Research.html

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