24 March 2021
Visiongain has published a new report on Satellite Communication (SATCOM) Equipment Market Report to 2031: Forecasts By Product (SATCOM Receiver, SATCOM Transmitter/Transponder, SATCOM Transceiver, SATCOM Antenna, SATCOM Modem/Router, and Others), By Vertical (Government & Defense, and Commercial), By Technology (SATCOM VSAT, SATCOM Telemetry, SATCOM AIS, SATCOM-on-the-Move, and SATCOM-on-the-Pause), and End-Use (Portable SATCOM Equipment, Land Mobile SATCOM Equipment, Maritime SATCOM Equipment, Airborne SATCOM Equipment, and Land Fixed SATCOM Equipment). PLUS, Profiles of Leading Satellite Communication (SATCOM) Equipment Companies and Regional and Leading National Market Analysis. PLUS COVID-19 Recovery Scenarios.
Global Satellite Communication (SATCOM) Equipment market was valued at US$ xx billion in xx and is projected to reach at a market value of US$ xx billion by 2031.
COVID-19 Impact on Satellite Communication (SATCOM) Equipment Market
The COVID-19 pandemic has impacted lives of people all around the globe. It has proved quite detrimental for business across the globe and no industry and remained untouched by its impacts. This pandemic has caused a serious disruption in the supply chain and has resulted in a huge supply-demand gap in the market for satellite communication (SATCOM) equipment worldwide.
Growing Need for Uninterrupted Communication in Various Industries
The growing demand for uninterrupted communication in several businesses, along with the growing number of connected and autonomous vehicles have resulted in raising the focus of satellite manufacturing companies and associated firms active in the industry. This factor is most likely to drive the growth of satellite communication (SATCOM) equipment market over the forecast period.
Increasing Need for High Throughput Satellite Services
The main factors that are expected to drive the growth of the global SATCOM market include the growing demands for superior data communication by offering bigger communication channel capacity with low error rates.
Increasing Use of Cloud-Based Services for Ground Mobility Platform
The rise of cloud-based platform providers operating in the SATCOM equipment market are providing lucrative opportunities for the satellite communication equipment manufacturers across the globe.
Application of Land Mobile Radios in Diverse Industries, Majorly in Military & Defense and Transportation
SATCOM equipment enrich earth stations and command & control centres with high quality data. The rising military spending of developing nations, for instance, China and India are projected to accelerate the growth of the SATCOM equipment market over the years.
Some of the companies profiled in the report include L3 Technologies, Harris, Cobham, Viasat, Iridium Gilat Satellite Networks, Aselsan, Intellian Technologies, Hughes Network Systems, and Newtec.
In November 2016, Iridium Satellite has been awarded a potential five-year, $8 million contract to support commercial satellite-based network services for the Department of Defense in the areas of satellite, ground node, user equipment/terminal software and hardware development, integration, and testing.
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