Press release
Satellite Communication Equipment Market to Reach US$ 43.4 Billion by 2030, Says Stratview Research
Stratview Research, a global market research firm, has launched a report on the global market, which provides a comprehensive outlook of the global and regional industry forecast, current & emerging market trends, segment analysis, competitive landscape, & more. The report scope includes detailed market sizing, trend analysis, and strategic insights covering equipment types, frequency bands, connectivity types, verticals, and geographic regions, enabling stakeholders to evaluate demand patterns and competitive positioning.
Request a free sample report: https://www.stratviewresearch.com/Request-Sample/4109/satellite-communication-equipment-market.html#form
Market Statistics:
• Market size (2024): USD 25.06 billion
• Forecast value (2030): USD 43.4 billion
• CAGR (2024-2030): 9.54%
• Forecast period: 2024-2030
• Base year: 2023
• Total number of segments: 9
• Tables & figures: 100+
• Country-Level Market Assessment: 20
Market Segmentation:
Connectivity Type
• LEO
• MEO/GEO
Frequency Type
• C-Band
• L & S-Band
• X-Band
• KA-Band
• KU-Band
• VHF/UHF-Band
• EHF/SHF-Band
• Multi-Band
• Q-Band
Type
• Satcom-On-The-Move
• Satcom-On-The-Pause
Vertical Type
• Commercial
• Government & Defence
Solution Type
• Product
• Service
Platform Type
• Portable
• Land Mobile
• Land Fixed
• Airborne
• Maritime
Terminal Type
• LTE-Based
• Non-LTE-Based
Technology Type
• Next-Generation
• Legacy
Region
• Asia-Pacific
• Rest of the World
Segment Analysis:
By Platform Analysis
"Airborne segment is estimated to lead the SATCOM equipment market from 2024 to 2030."
During the forecast period, the airborne SATCOM category will lead the SATCOM equipment market, fueled by North American and European modernization programs. Both geographies are replacing plane-to-plane and plane-to-ground communication systems with next-gen, on-the-move SATCOM solutions to increase flight safety, lower delays, and minimize routing.
By Solution Type Analysis
"Product segment of the SATCOM equipment market is projected to capture the largest share during the forecast period."
The product segment will dominate the SATCOM equipment market through the forecast period, driven by the growing demand for sophisticated transceivers and phased-array antennas for naval and airborne platforms.
By Type Analysis
"SOTM segment is projected to account for a larger share of the SATCOM equipment market than the SOTP segment during the forecast period."
The SATCOM equipment industry, divided into SATCOM-on-the-move (SOTM/COTM) and SATCOM-on-the-pause (SOTP), is dominated by the SOTM segment, which is expected to have a greater market share during the forecast period. SOTM systems provide secure, high-speed, beyond-line-of-sight satellite connectivity for mobile platforms in defence, transportation, emergency response, and media broadcasting.
Regional Insights:
Asia-Pacific is the fastest-growing region as investment in telemetry, tracking, command services, and satellite broadband infrastructure rapidly expands, particularly in China and India, where broader connectivity initiatives and defense modernization programs are accelerating equipment adoption.
Market Drivers:
• Deployment of LEO satellite constellations increases demand for high-bandwidth satellite equipment.
• Defence modernization and secure communication requirements drive government investment in advanced SATCOM hardware.
• Expansion of high-speed connectivity to remote and underserved regions boosts equipment deployment.
• Technological advancements in antennas, transceivers, and modems enhance communication performance and drive equipment upgrades.
• Growth in aviation and maritime connectivity applications increases demand for reliable satellite communication systems.
Top Companies in the Market:
• Echostar Corporation (US)
• L3Harris Technologies Inc. (US)
• Thales (France)
• RTX (US)
• General Dynamics Corporation (US)
• Cobham Satcom (Denmark)
• Honeywell International Inc. (US)
• Viasat, Inc. (US)
• Gilat Satellite Networks (Israel)
• Aselsan A.S (Turkey)
FAQs:
1. What is the forecast size of the satellite communication equipment market by 2030?
The market is forecast to reach USD 43.4 billion by 2030 at a CAGR of 9.54% from 2024 to 2030, reflecting strong demand for satellite communication hardware.
2. Which segment drives growth in the satellite communication equipment market?
The LEO connectivity segment drives growth due to increasing deployment of low Earth orbit satellite constellations that support high-bandwidth and low-latency communication.
3. Which region holds the largest share in this market?
North America holds the largest share, supported by extensive infrastructure, defence investment, and rapid adoption of next-gen SATCOM technologies.
4. What are the key equipment applications that influence market demand?
Key applications in defence, aviation, maritime, and remote broadband services significantly influence demand for satellite communication equipment.
5. What challenges might impact the SATCOM equipment market?
Stringent regulatory policies on spectrum licensing and compliance across countries pose challenges for equipment makers and slow deployment timelines.
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Stratview Research is a global market research firm that highly specializes in aerospace & defense, chemicals, and a few other industries.
It launches a limited number of reports annually on the above-mentioned specializations. Thorough analysis and accurate forecasts in this report enable the readers to take convincing business decisions.
Stratview Research has been helping companies meet their global and regional growth objectives by offering customized research services. These include market assessment, due diligence, opportunity screening, voice of customer analysis, market entry strategies, and more.
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