Satellite Ground Station Market 2025 Trends: Expected to Grow at a CAGR of 11.9% from 2023 to 2032, Claims AMR

Allied Market Research published a report, titled, "Satellite Ground Station Market by Platform (Fixed, Portable, Mobile), Function (Communication, Earth Observation, Space Research, Navigation, Others), Orbit (Low Earth Orbit (LEO), Medium Earth Orbit (MEO), Geostationary Earth Orbit (GEO)) and End User (Commercial, Government, Defense): Global Opportunity Analysis and Industry Forecast, 2023-2032". According to the report, the global satellite ground station industry generated $58.70 billion in 2022, and is anticipated to generate $178.94 billion by 2032, witnessing a CAGR of 11.9% from 2023 to 2032.

Satellite Ground Stations (SGS) are widely used for collecting and streaming remote sensing satellite data to an array of users and applications. Popular satellite ground station systems that have been installed nationally and internationally are Oberon, Capella, and Telesto.

Download Sample Pages - https://www.alliedmarketresearch.com/request-sample/108087

Prime determinants of growth

Factors such as rise in demand for military and defense satellite ground station solutions, increase in adoption of satellite ground station equipment in online streaming services, radio, and TV broadcast, increase in Internet of Things (IoT) and autonomous systems boost the growth of the satellite ground station market. However, cybersecurity threats to satellite ground station and interference in satellite data transmission are anticipated to hinder market growth. On the other hand, technological advancements in satellite missions and deployment of 5G network through satellites provide a remarkable growth opportunity for the market players operating in the market.

The communication segment to maintain its leadership status throughout the forecast period

Based on function, the communication segment held the highest market share in 2022, accounting for nearly half of the global satellite ground station market revenue, and is estimated to maintain its leadership status throughout the forecast period, owning to the surge in need for high-speed internet access, especially in underserved or remote areas. However, the navigation segment is projected to manifest the highest CAGR of 13.8% from 2023 to 2032, as navigation ground stations play a critical role in providing reliable positioning data, driving the need for more ground station infrastructure.

Interested to Procure the Research Report? Inquire Before Buying -https://www.alliedmarketresearch.com/purchase-enquiry/108087

The LEO segment to maintain its lead position during the forecast period

Based on orbit, the LEO segment accounted for the largest share in 2022, contributing to nearly three-fourths of the global satellite ground station market revenue, and is estimated to maintain its leadership status throughout the forecast period, as the surge in LEO satellites has resulted from a combination of technological advancements in higher resolution small cameras and greater attitude control along with superior demand for Earth observation, internet connectivity, and voice communications. However, the GEO segment is projected to manifest the highest CAGR of 13.6% from 2023 to 2032, as the GEO satellite ground station is used by government and commercial organizations for communication and advanced military systems.

North America to maintain its dominance by 2032

Based on region, North America held the highest market share in terms of revenue in 2022, accounting for nearly half of the global satellite ground station market revenue, and is estimated to maintain its leadership status throughout the forecast period, owning to the rise in demand for satellite ground station system by the U.S. defense department. However, the Asia-Pacific segment is projected to manifest the highest CAGR of 12.9% from 2023 to 2032, owing to an increase in demand for high-speed network connectivity throughout Asia-Pacific.

Buy Now & Get Exclusive Discount on this Report https://www.alliedmarketresearch.com/satellite-ground-station-market/purchase-options

Leading Market Players: -
Viasat, Inc.
SES S.A.
Intelsat
Gilat satellite networks
Inmarsat global limited
Kratos defense and security solutions, Inc.
Echostar corporation
ST engineering
Comtech technologies Inc.
Satcom technologies

Know More https://www.globenewswire.com/news-release/2023/11/16/2782189/0/en/Satellite-Ground-Station-Market-to-Gather-178-94-Billion-at-a-CAGR-of-11-9-by-2032-Allied-Market-Research.html

Similar Reports We Have on Aerospace and Defense Industry:
Aircraft Lighting Market https://www.alliedmarketresearch.com/aircraft-lighting-market-A06273
Zero-Emission Aircraft Market https://www.alliedmarketresearch.com/zero-emission-aircraft-market-A11848
Aircraft Sensors Market https://www.alliedmarketresearch.com/aircraft-sensors-market-A06225

Contact:
Davin Correa
1209 Orange Street,
Corporation Trust Center,
Wilmington, New Castle,
Delaware 19801 USA.
Int'l: +1-503-894-6022
Toll Free: +1-800-792-5285
Fax: +1-800-792-5285
help@alliedmarketresearch.com
Web: www.alliedmarketresearch.com
Allied Market Research Blog: https://blog.alliedmarketresearch.com
Follow Us on | Facebook | LinkedIn | YouTube |

About Us:

Allied Market Research (AMR) is a full-service market research and business consulting wing of Allied Analytics LLP based in Wilmington, Delaware. Allied Market Research provides end-to-end solutions along with information, education, advocacy, and networking resources to SMEs and early-stage start-ups to bring excellence to their processes. In addition, we offer a nurturing environment required to develop and grow businesses, including business planning; virtual support; market intelligence; acquiring resources; and getting direct access to finance, suppliers, and other experts to boost the growth of businesses and entrepreneurs.

Our bundled and hassle-free business support systems are customized to meet the needs of SME consultants and industry leaders. Moreover, our large network of skilled consultants and experts help start-ups get the business on a roll.

This release was published on openPR.