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Satellite Communication Equipment Market By Product Type (SATCOM Receiver, SATCOM Transmitter, SATCOM Transceiver, SATCOM Antenna, SATCOM Modem), By End-Use (Land SATCOM Equipment, Maritime SATCOM Equipment, Air & Space SATCOM Equipment) - Growth, Share, Opportunities & Competitive Analysis, 2018 – 2026

Globally, rising telecommunications traffic will increase demand for satellite communication equipment.

The satellite communication market is expected to reach US$ 47.1 billion by 2026, expanding at a promising CAGR of 8.88% from 2018 to 2026. The satellite communication (SATCOM) equipment market, which is dominated by North America, is heavily influenced by the rapidly expanding I.T. and telecommunications sectors. The SATCOM market is expected to witness high growth due to the progressive increase in Internet and telecommunication traffic worldwide. Global Internet traffic demonstrated a CAGR of more than 25% during the period from 2013 to 2016. Immense increases in Internet users, as well as telecommunications traffic across the world, have influenced an increasing number of private players to invest in the SATCOM equipment market in search of feasible ways to satisfy the ever-rising demand for real-time communication. For instance, in August 2017, EchoStar Corporation, the satellite fleet operator, announced that it had signed an alliance with Space Systems Loral, LLC for the Jupiter-3/EchoStar-24 satellite. An alliance aimed to strengthen EchoStar Corporation’s market position in the U.S. with the provision of a strong network system.

Market Synopsis

The SATCOM transceiver is expected to maintain its dominance over the forecast period of 2018 to 2026.

SATCOM transceivers dominate the overall SATCOM market, accounting for more than 1/4th of the global market value. The majority of day-to-day modules in the recent digital world are equipped with navigation services. Similarly, the growing number of connected vehicles demonstrates the promising growth of navigational services. The rising penetration of navigation systems in smart digital equipment, connected vehicles, and other location-based functional systems is expected to increase the demand for SATCOM transceivers in the near future. Credence Research, Inc. estimated that by 2030, more than 250 million units of vehicles in China would be connected vehicles. Similarly, the use of satellite transceivers for surveillance applications, along with increasing spending on surveillance services by defense authorities worldwide, is further driving the demand for the segment. This would ensure promising growth for the SATCOM transceiver segment through the forecast period.

North America leads the market, with Asia-Pacific emerging as the fastest-growing regional market.

Presently, North America leads the SATCOM equipment market with over 35.0% of the overall market value worldwide. The U.S. has a strong awareness of the benefits of using SATCOM equipment across the nation, primarily supporting market growth in the region. The military satellite constellation supports the U.S. military forces from orbit to keep track of global defense activities. In addition, the U.S. military is adding commercial satellite receivers to aircraft, trucks, and other equipment in order to protect their communication network from hackers and boost security.

Asia Pacific is estimated to be the fastest-growing market for SATCOM equipment in the coming years. China, India, Japan, and South Korea are among the leading countries with promising penetration of SATCOM equipment. These countries hold huge potential for SATCOM equipment, primarily due to increasing Internet service, digital satellite broadcasting, satellite R&D projects, and satellite launching, among others. For instance, China’s DBSat satellite has several years of collaboration with major Chinese cellular operators, which helps extend the reach of their mobile networks. Out of the two billion currently unconnected people across the Asia Pacific, the vast majority—more than 80%—live in India, China, Indonesia, Pakistan, and Bangladesh, among others. With an increasing number of Internet users, media activities, space R&D projects, and real-time broadcasting, the trend is expected to continue in Asia Pacific over the forecast period.

Leading Players Focusing on Mergers and Acquisitions for Market Expansion

The emergence of new private players in recent years has highlighted the fragmented nature of the SATCOM equipment industry. One of the most common strategies adopted by global players is the merger and acquisition of small-scale network providers or their satellite communication networks. This enables the companies to expand their communication network, thereby reaching a larger number of subscribers. Popular instances include the acquisition of GeoEye, LLC by DigitalGlobe, Inc.; the acquisition of Space Systems/Loral, Inc. by MDA Corporation; and the acquisition of Thrane & Thrane A/S by Cobham Plc. Some of the major players profiled in the report include Digisat International, Inc., Cobham Plc., Paradigm Secure Communications Ltd., Skyware Technologies Ltd., ePAK International, Inc., Digital Barriers Plc., C-COM Satellite Systems Inc., SatCom Global Ltd., Newtec Cynv, Hughes Network Systems LLC, Asleson A. S., Nu-Cast Inc., Communications & Power Industries LLC, Orbital Tracking Corporation, Campbell Scientific Inc., and Campbell Scientific Inc.

Periods of History and Forecast

2016: Historic year.

2017: Base Year

2018–2026: Forecast Period

This research report presents the analysis of each segment from 2016 to 2026, considering 2017 as the base year for the research. The compound annual growth rate (CAGR) for each of the respective segments was calculated for the forecast period from 2018 to 2026.

Report Scope by Segments

The research study on satellite communication equipment provides market size and estimates based on market dynamics and key trends observed in the industry. The report provides a holistic view of the global SATCOM equipment market based on product type, end-use, and geography. Key segments covered in the report are as follows:

Product Type Segment (US$ Billion) (2016-2026)

  • SATCOM Receiver
  • SATCOM Transmitter
  • SATCOM Transceivers
  • SATCOM Antenna
  • SATCOM Modem

End-use Segment (US$ BN; 2016-2026)

  • SATCOM Equipment for Land
  • maritime SATCOM equipment
  • Air and Space SATCOM Equipment

Land SATCOM Equipment Market by Deployment Segment (2016-2026; USD Billion)

  • land portable SATCOM equipment
  • land mobile SATCOM equipment
  • Land-based fixed SATCOM equipment

Land SATCOM Equipment (2016-2026; US$ Bn) by Industry Vertical Segment

  • Government and Defense
  • Commercial

Maritime SATCOM Equipment (2016-2026; US$ Bn) by Industry Vertical Segment

  • Government and Defense
  • Commercial

Air and Space SATCOM Equipment by Industry Vertical Segment (2016-2026; USD Billion)

  • Government and Defense
  • Commercial

Geography (2016-2026; USD Billion)

  • North America
    • United States
    • rest of North America
  • Europe
    • United Kingdom
    • France
    • Germany
    • Rest of Europe
  • Asia Pacific (APAC)
    • Japan
    • China
    • India
    • Rest of APAC
  • Rest of the World (RoW)
    • Latin America
    • Middle East and Africa (MEA)

Frequently Asked Questions:

The market for Satellite Communication Equipment is expected to reach US$ 47.1 Bn in 2026.

The Satellite Communication Equipment market is expected to see significant CAGR growth over the coming years,at 8.88%.

The report is forecasted from 2018-2026.

The base year of this report is 2017.

Cobham plc.,Digisat International, Inc.,Paradigm Secure Communications Ltd.,Skyware Technologies Ltd.,EPAK International, Inc. are some of the major players in the global market.

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Published Date:  Jul 2018
Category:  Technology & Media
Report ID:   59237
Report Format:   PDF
Pages:   120
Rating:    4.3 (55)
Delivery Time: 24 Hours to 48 Hours   
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