Future of SATCOM Transceivers Market: Size, Share & Forecasts to 2029

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What Is the Projected Market Size Valuation of the SATCOM Transceivers Market by 2025?
The market size of satcom transceivers has robustly expanded in the past few years. The growth is projected to increase from $33.12 billion in 2024 to $35.88 billion in 2025, with a compound annual growth rate (CAGR) of 8.3%. The historical growth can be linked to its increased usage in military and defense applications, enhanced incorporation in commercial aviation, the growth of the commercial space industry, amplified demand for remote sensing applications, and the escalating integration of the Internet of Things (IoT).

What Is the Estimated Market Growth Value for the SATCOM Transceivers Industry in 2029?
In the coming years, the sector of satcom transceivers is predicted to experience substantial expansion. The market value is anticipated to rise to $50.75 billion by 2029 with a compound annual growth rate (CAGR) of 9.1%. Factors contributing to this projection during the forecast period include the escalating need for immediate data transmission, an increase in unmanned aerial vehicles (UAVs) and autonomous systems, an upsurge in satellite debuts, a rising demand for in-flight connectivity, and an accelerating demand for high-throughput satellites (HTS). The forecast period will also witness key trends such as breakthroughs in SATCOM transceiver technology, progressive developments in satellite and RF and microwave technologies, the emergence of software-defined radios (SDR) technology, and the implementation of artificial intelligence (AI).

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What Are the Growth Drivers and Opportunities in the SATCOM Transceivers Market?
The SATCOM transceivers market is poised for growth due to the escalating number of satellite launches. A satellite launch involves deploying satellites into space via a launch vehicle or rocket that positions them into Earth's orbit or transports them to other space bodies. Increases in these launches are attributable to government financing, cost-effectiveness, swift developmental cycles, and adaptability. Enabling direct communication between satellites and ground control, SATCOM transceivers are crucial for command and control, data transfer, and overseeing the satellite's health and status. For instance, the U.S. Government Accountability Office reported in September 2022 that a staggering 5,500 satellites were orbiting in 2022, with projections of an additional 58,000 by 2030. Thus, the uptick in satellite launches is fueling the expansion of the SATCOM transceivers market.

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What Are the Primary Segments Covered in the Global SATCOM Transceivers Market Report?
The satcom transceivers market covered in this report is segmented -

1) By Component: Navigation, Scientific Research, Communication, Remote Sensing, Other Components
2) By Frequency Band: K Band, C Band, X Band, Ku Band, Other Frequency Band
3) By Application: Air Traffic Control, Satellite Communication, Direct To Home, X-Ray, Electronic Countermeasure (ECM), Food Processing, Material Processing, Other Applications

Subsegments:
1) By Navigation: Global Positioning Systems (GPS), Satellite-Based Augmentation Systems (SBAS), Differential GPS (DGPS)
2) By Scientific Research: Earth Observation Satellites, Atmospheric Research, Space Science Missions
3) By Communication: Commercial Communication Satellites, Military Communication Satellites, Broadband Satellite Services
4) By Remote Sensing: Earth Imaging Satellites, Weather Satellites, Surveillance Satellites
5) By Other Components: Antennas, Modems, Signal Processors

What Are the Top Growth Trends in the SATCOM Transceivers Market?
Leading SATCOM transceiver market corporations are prioritizing the development of cutting-edge technologies, like very-small-aperture terminals (VSAT), to heighten their market profitability. VSATs offer consistent, reliable voice, data, or video communication links in SATCOM transceivers, which facilitate worldwide communication and connectivity, and provide access to data from numerous global locations. For instance, Cobham Ltd., a notable UK aerospace company, in August 2022, introduced its newest additions to the innovative SAILOR XTR series - the SAILOR 1000 XTR Ka and SAILOR 600 XTR Ka antennas. These are designed to upgrade broadband accessibility through the THOR 7 satellite, showcasing impressive features such as advanced VSAT, dual-polarization, and broad-band Ka capacities. These antennas ensure effortless tech integration, straightforward setup, and superior performance. They are aimed at enhancing safety, reducing expenses, and lessening environmental impact via dependable data connectivity on the European network of Telenor Satellite.

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Which Companies Are Shaping the Future of the SATCOM Transceivers Market?
Major companies operating in the SATCOM transceivers market are Hitachi Ltd., The Boeing Company, Airbus SE, Northrop Grumman Corporation, Mitsubishi Electric Corporation, Honeywell International Inc., Fujitsu Limited, NEC Corporation, Thales Group, L3Harris Technologies Inc., Kyocera Corporation, Viasat Inc., Cobham Limited, Rohde & Schwarz GmbH & Co. KG, SES S.A., Intelsat Ltd., Iridium Communications Inc., KVH Industries Inc., Comtech EF Data Corporation, AnaCom Inc., Intellian Technologies Inc., Advantech Wireless Technologies Inc., Skyware Technologies Limited, ACORDE TECHNOLOGIES S.A., Amplus Communication Pte. Ltd., ViaLite Communications LLC, Arralis Ltd.

Which Region Holds the Largest Market Share in the SATCOM Transceivers Industry?
North America was the largest region in the SATCOM transceivers market in 2024. The regions covered in the satcom transceivers market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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This release was published on openPR.