The airborne SATCOM market in South America is expected to grow from US$ 537.20 million in 2022 to US$ 688.56 million by 2028; it is estimated to grow at a CAGR of 4.2% from 2022 to 2028.
Additionally, In February 2022, Embraer SA announced a deal with the Brazilian Air Force to cut its order from 28 military cargo planes to 22 aircraft and to add compensation clauses to the contract between both parties. Despite several challenges, the defense industry is expected to support the growth of the airborne SATCOM market in South American countries. Brazil recorded the defense spending of US$ 19.73 billion in 2020. The country is followed by Colombia, Chile, and Argentina with the spending of US$ 9.21 billion, US$ 4.60 billion, and US$ 2.90 billion, respectively. A significant amount of the defense budget is allotted to the new aircraft and communication solutions, thus promoting the growth of the airborne SATCOM market in South America. Moreover, the demand for commercial aircraft is a major factor aiding the growth of the airborne SATCOM market in the region.
With the new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the South America airborne SATCOM market. The South America airborne SATCOM market is expected to grow at a good CAGR during the forecast period.
Additionally, In February 2022, Embraer SA announced a deal with the Brazilian Air Force to cut its order from 28 military cargo planes to 22 aircraft and to add compensation clauses to the contract between both parties. Despite several challenges, the defense industry is expected to support the growth of the airborne SATCOM market in South American countries. Brazil recorded the defense spending of US$ 19.73 billion in 2020. The country is followed by Colombia, Chile, and Argentina with the spending of US$ 9.21 billion, US$ 4.60 billion, and US$ 2.90 billion, respectively. A significant amount of the defense budget is allotted to the new aircraft and communication solutions, thus promoting the growth of the airborne SATCOM market in South America. Moreover, the demand for commercial aircraft is a major factor aiding the growth of the airborne SATCOM market in the region.
With the new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the South America airborne SATCOM market. The South America airborne SATCOM market is expected to grow at a good CAGR during the forecast period.
South America Airborne SATCOM Market Segmentation
South America airborne SATCOM market is segmented into platform, component, application, and country.- Based on platform, the South America airborne SATCOM market is segmented into commercial aircraft, military aircraft, helicopters, and UAVs. The commercial aircraft segment held the largest market share in 2022.
- Based on component, the South America airborne SATCOM market is segmented as SATCOM terminals, transceivers, airborne radio, modems and routers, SATCOM radomes, and others. The transceivers held the largest market share in 2022. In terms of application, the South America airborne SATCOM market is categorized into defense, and commercial. The commercial segment held the largest market share in 2022.
- Based on country, the South America airborne SATCOM market is segmented into Brazil, Argentina, and the Rest of South America. Rest of South America held the largest market share in 2022.
Table of Contents
1. Introduction
3. Research Methodology
4. Airborne SATCOM Market Landscape
5. SAM Airborne SATCOM Market - Key Market Dynamics
6. Airborne SATCOM Market - SAM Market Analysis
7. SAM Airborne SATCOM Market Revenue and Forecast to 2028 - Platform
8. SAM Airborne SATCOM Market Revenue and Forecast to 2028 - Component
9. SAM Airborne SATCOM Market Revenue and Forecast to 2028 - Application
10. SAM Airborne SATCOM Market - Country Analysis
11. Industry Landscape
12. Company Profiles
13. Appendix
List of Tables
List of Figures
Companies Mentioned
- Collins Aerospace
- General Dynamics Mission Systems, Inc.
- Honeywell International Inc.
- Orbit Communications Systems Ltd.
- Thales Group
- Viasat, Inc.
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 125 |
| Published | October 2022 |
| Forecast Period | 2022 - 2028 |
| Estimated Market Value ( USD | $ 537.2 Million |
| Forecasted Market Value ( USD | $ 688.56 Million |
| Compound Annual Growth Rate | 4.2% |
| No. of Companies Mentioned | 6 |
