Press release
Airborne SATCOM Market to Record 8.1% CAGR Growth Through 2029 | Global Analysis Report
Use ONLINE30 for 30% savings on global market reports and stay on top of tariff updates, market trends, and economic shifts worldwide.Airborne SATCOM Market Outlook: How is the Market Expected to Grow by 2025?
In recent times, there's been significant growth in the airborne satcom market size. The market, which is currently valued at $6.12 billion in 2024, is projected to increase to $6.65 billion in 2025, at a compound annual growth rate (CAGR) of 8.5%. This noteworthy growth in the historical period can be explained by a rise in commercial air travel, governmental defense investments, a global trend in military operations, the need for effective emergency response and disaster measures, higher data transfer needs, and integration with avionic systems.
Airborne SATCOM Market Forecast: What Size Will It Reach By 2029?
In the coming years, the market size for airborne satcom is predicted to experience significant growth, escalating to a worth of $9.07 billion by 2029 at a Compound Annual Growth Rate (CAGR) of 8.1%. This anticipated increase within the forecasted period can be largely credited to factors such as the expansion of the commercial space industry, satellite constellation broadening, increased connectivity requirements in business aviation, expansion of urban air mobility (UAM), greater emphasis on cybersecurity, and the rising demand for real-time data in precision agriculture. The forecast period also promises key trends such as the incorporation of cutting-edge technologies, the debut of next-gen SATCOM systems, a rise in utilization within unmanned aerial vehicles (UAVs), and an increase in partnerships and collaborations.
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Which Key Market Drivers Will Shape Airborne SATCOM Industry Trends in 2025-2029?
The airborne SATCOM market is projected to grow due to an anticipated increase in air passenger traffic. This term is used to refer to the cumulative number of travelers who choose air transport. Airborne SATCOM assists in managing these passengers by ensuring satellite-based air traffic services datalink function through SATCOM. For example, IATA, a trade association based in Canada that represents global airlines, reported an increase of 78.7% in revenue passenger kilometers, or RPKs - a measure for total air travel demand, from April 2021 to April 2022, in its report published in June 2022. This increase was slightly more than the 76.0% growth reported in March 2022. Hence, the subsequent increase in air passenger traffic is propelling the expansion of the airborne SATCOM market.
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What Are the High-Growth Segments in the Airborne SATCOM Market?
The airborne satcom market covered in this report is segmented -
1) By Component: SATCOM Terminals, Transceivers, Airborne Radio, Modems And Routers, SATCOM Radomes, Other Components
2) By Platform: Fixed Wing, Commercial Aircraft, Narrow Body Aircraft (NBA), Wide Body Aircraft (WBA), Regional Transport Aircraft (RTA), Military Aircraft, Business Aviation General Aviation, Rotary Wing, Unmanned Aerial Vehicles (UAV)
3) By Frequency: VHF Or UHF-Band, L- Band, S- Band, C- Band, X- Band, Ku- Band, Ka- Band, EHF Or SHF- Band, Multi-Band, Q-Band
4) By Installation: New Installation, Upgrade
5) By Application: Government and Defense, Commercial
Subsegments:
1) By SATCOM Terminals: Fixed SATCOM Terminals, Portable SATCOM Terminals
2) By Transceivers: HF Transceivers, VHF Or UHF Transceivers, SATCOM Transceivers
3) By Airborne Radio: Tactical Airborne Radios, Commercial Airborne Radios
4) By Modems And Routers: SATCOM Modems, Data Routers
5) By SATCOM Radomes: Fixed Radomes, Deployable Radomes
6) By Other Components: Antennas, Amplifiers, Power Supplies
Which Global Trends Are Driving Airborne SATCOM Market Expansion?
Leading businesses involved in the airborne SATCOM industry are concentrating their efforts on creating innovative products, such as the Dual LRU Design. This design simplifies the installation process by minimizing the quantity of line-replaceable units required. Dual LRU (Least Recently Used) Design is a caching strategy that optimizes data access utilizing two LRU queues. For example, Astronics Corporation, a US-based aerospace firm, launched a design in March 2024 that allows aircraft to function flawlessly on any geostationary (GEO) Ku-band satellite network. This latest SATCOM system proposes a dual-unit structure that simplifies the installation process and lowers overall expenses. The system comes with a modern modem technology for high-speed data transmission and tough connectivity. The system further adds to cost savings with cost-effective connectors and wiring, reducing overall lifecycle costs. Moreover, it provides versatile fitting options to fit various orientations and external modems for amplified security flexibility.
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Who Are the Fastest-Growing Companies in the Airborne SATCOM Industry?
Major companies operating in the airborne satcom market are Hughes Network Systems LLC, Iridium Communications Inc., Astronics Corporation, Norsat International Inc., Israel Aerospace Industries, Singapore Technologies Engineering Ltd., Mitsubishi Electric Corporation, Teledyne Defense Electronics, L3 Harris Technologies Inc., Northrop Grumman Corporation, Raytheon Company, Aselsan AS, Cobham Limited, General Dynamics Corporation, Honeywell International Inc., Viasat Inc., Gilat Satellite Networks, Thales Group, Inmarsat PLC, Kratos Defense & Security Solutions Inc., Harris Corporation, Comtech Telecommunications Corp., Gogo Inc., Lufthansa Systems GmbH & Co. KG, Avionica Inc., Intelsat S.A., EchoStar Corporation, Technologies Corporation, DataPath Inc., KVH Industries Inc., Wavestream Corporation, SES S.A., Panasonic Avionics Corporation
What Is the Regional Outlook for the Airborne SATCOM Market by 2029?
North America was the largest region in the airborne SATCOM market in 2024. Asia-Pacific is expected to be the fastest-growing region in the airborne SATCOM market report during the forecast period. The regions covered in the airborne SATCOM market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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