Quick Summary:
In the dynamically changing landscape of international business, it's crucial to stay informed on trends and forecasts in key industry sectors. Our latest report offers comprehensively researched, future-focused insight into the rapidly expanding Satellite Communication (SATCOM) Equipment market. This strategic investment could arm decision makers with a robust understanding of the market's trajectory, highlighting opportunities for growth and innovation.
With the SATCOM equipment market estimated to soar to a whopping US$111 Billion by 2030, our report provides an invaluable tool to navigate this booming sector, offering detailed analysis of key market segments including Maritime and Land Mobile. Our unique study provides essential comprehension of the trends and potential challenges within this highly competitive field. Furthermore, our report studies the specific growth patterns in prominent markets such as the U.S., China, Japan, Canada, and Germany, offering a global perspective on the SATCOM industry. Equip your organization with the knowledge it needs to soar above the competition.
Global Satellite Communication (SATCOM) Equipment Market to Reach $111 Billion by 2030
The global market for Satellite Communication (SATCOM) Equipment estimated at US$25.7 Billion in the year 2022, is projected to reach a revised size of US$111 Billion by 2030, growing at a CAGR of 20.1% over the analysis period 2022-2030. Maritime, one of the segments analyzed in the report, is projected to record 23% CAGR and reach US$44.6 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Land Mobile segment is readjusted to a revised 20.4% CAGR for the next 8-year period.
The U.S. Market is Estimated at $7.7 Billion, While China is Forecast to Grow at 18.8% CAGR
The Satellite Communication (SATCOM) Equipment market in the U.S. is estimated at US$7.7 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$18.2 Billion by the year 2030 trailing a CAGR of 18.8% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 18.4% and 16.9% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 14.2% CAGR.Select Competitors (Total 41 Featured) -
- Aselsan A.S.
- AvL Technologies
- Campbell Scientific Inc.
- Cobham PLC
- General Dynamics Corporation
- Gilat Satellite Networks
- Harris Corporation
- Holkirk Communications Ltd.
- Hughes Network Systems LLC
- Intellian Technologies Inc.
- Iridium Communications, Inc.
- L3 Technologies, Inc.
- ND SatCom GmbH
- Network Innovations Inc.
- Newtec Cy NV
- Satcom Global Ltd.
- ViaSat, Inc.
What's New?
- Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.
- Global competitiveness and key competitor percentage market shares
- Market presence across multiple geographies - Strong/Active/Niche/Trivial
- Online interactive peer-to-peer collaborative bespoke updates
- Access to digital archives and Research Platform
- Complimentary updates for one year
What is the estimated value of the Global Market for Satellite Communication (SATCOM) Equipment?
What is the growth rate of the Global Market for Satellite Communication (SATCOM) Equipment?
What is the forecasted size of the Global Market for Satellite Communication (SATCOM) Equipment?
Who are the key companies in the Global Market for Satellite Communication (SATCOM) Equipment?
| Report Attribute | Details |
|---|---|
| No. of Pages | 244 |
| Published | November 2023 |
| Forecast Period | 2022 - 2030 |
| Estimated Market Value ( USD | $ 25.7 Billion |
| Forecasted Market Value ( USD | $ 111 Billion |
| Compound Annual Growth Rate | 20.1% |
| Regions Covered | Global |
Table of Contents
Companies Mentioned
A selection of companies mentioned in this report includes:
- Aselsan A.S.
- AvL Technologies
- Campbell Scientific Inc.
- Cobham PLC
- General Dynamics Corporation
- Gilat Satellite Networks
- Harris Corporation
- Holkirk Communications Ltd.
- Hughes Network Systems LLC
- Intellian Technologies Inc.
- Iridium Communications, Inc.
- L3 Technologies, Inc.
- ND SatCom GmbH
- Network Innovations Inc.
- Newtec Cy NV
- Satcom Global Ltd.
- ViaSat, Inc.
