Global SATCOM Equipment Market is valued at approximately USD 22 billion in 2021 and is anticipated to grow with a healthy growth rate of more than 19.6% over the forecast period 2022-2029. SATCOM equipment comprises electronic devices that enable communication with satellites in earth's orbit or space, such as amplifiers, space antennas, and transceivers. The SATCOM Equipment market is expanding because of factors such as rising demand for enriched data communication and growing expenditure on space programs withing aerospace industry.
SATCOM equipment is the backbone of space agencies and commercial space companies, as it takes care of the information & communication infrastructure of the space industry. Its prevalence has progressively increased during the last few decades. According to Statista, in 2022, global government expenditure for space programs hit a record of approximately USD 103 billion. The United States Government spent almost 62 billion U.S. dollars on its space programs in 2022, making it the country with the highest space expenditure in the world. The U.S. was followed by China, with government expenditure on space programs of almost USD 12 billion. Another important component driving space increasing demand for data communication. In 2021, worldwide fixed data communication services generated a revenue of around 0.39 trillion U.S. dollars, an increase in revenue compared to 2020. In addition, Iridium communications received a research and development contract from the United States army to develop a payload to be hosted on small sats that support navigation systems, guidance, and control for the Global Positioning System and GPS-denied precision systems. The army intends to develop this payload to support the concept of a rapidly deployable small sat constellation to provide more effective sensor-to-soldier data transmission. Also, rising demand for 5G high-speed internet and increasing launch of satellites for Earth observation would create a lucrative growth prospectus for the market over the forecast period However, government regulations on space equipment & satellite stifle market growth throughout the forecast period of 2022-2029.
The key regions considered for the Global SATCOM Equipment Market study includes Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America dominated the market in terms of revenue, owing to the growing use of SATCOM equipment in space exploration. According to Statista, by 2025, the North American market for global satellite systems is expected to reach some USD 62 billion. Asia Pacific is expected to grow with the highest CAGR during the forecast period, owing to factors such as rising space research organization projects, and active participation of government organizations in the market space.
Major market players included in this report are:
- Oxford Space Systems
- Honeywell International Inc
- ISISPACE Group
- General Dynamics Corporation
- Airbus SE
- Mitsubishi Electric Corporation
- Harris Corporation
- Antwerp Space
- Ball Aerospace & Technologies Corporation
- Maxar Technologies
Recent Developments in the Market:
- In July 2022, Oxford Space Systems and Surrey Satellite Technology Ltd. completed construction of a deployable, Wrapped Rib antenna for small synthetic aperture radar satellites. OSS designed the 3-meter parabolic reflector to stow compactly during transportation. It helps to supply high bandwidth radar instrument and radio frequency electronics.
Global SATCOM Equipment Market Report Scope:
- Historical Data: 2019-2020-2021
- Base Year for Estimation: 2021
- Forecast period: 2022-2029
- Report Coverage: Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
- Segments Covered: Component, Application, Type, End Use, Region
- Regional Scope: North America; Europe; Asia Pacific; Latin America; Rest of the World
- Customization Scope: Free report customization (equivalent up to 8 analyst's working hours) with purchase. Addition or alteration to country, regional & segment scope*
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below.
By Type
- Large (>2500 KG)
- Medium (501 - 2500 KG)
- Small (1 - 500 KG)
- CubeSat (0.27 - 27 Cubic Unit of 103 cm)
By Component
- Amplifiers
- Transceivers
- Space Antennas
- Transponders
- Others
By Application
- Navigation
- Scientific Research
- Communication
- Remote Sensing
- Others
By End Use
- Commercial
- Government & Military
By Region:
- North America
- U.S.
- Canada
- Europe
- UK
- Germany
- France
- Spain
- Italy
- ROE
- Asia Pacific
- China
- India
- Japan
- Australia
- South Korea
- RoAPAC
- Latin America
- Brazil
- Mexico
- RoLA
- Rest of the World
Table of Contents
Chapter 1. Executive Summary
- 1.1. Market Snapshot
- 1.2. Global & Segmental Market Estimates & Forecasts, 2019-2029 (USD Billion)
- 1.2.1. SATCOM Equipment Market, by Region, 2019-2029 (USD Billion)
- 1.2.2. SATCOM Equipment Market, by Type, 2019-2029 (USD Billion)
- 1.2.3. SATCOM Equipment Market, by Component, 2019-2029 (USD Billion)
- 1.2.4. SATCOM Equipment Market, by Application, 2019-2029 (USD Billion)
- 1.2.5. SATCOM Equipment Market, by End Use, 2019-2029 (USD Billion)
- 1.3. Key Trends
- 1.4. Estimation Methodology
- 1.5. Research Assumption
Chapter 2. Global SATCOM Equipment Market Definition and Scope
- 2.1. Objective of the Study
- 2.2. Market Definition & Scope
- 2.2.1. Scope of the Study
- 2.2.2. Industry Evolution
- 2.3. Years Considered for the Study
- 2.4. Currency Conversion Rates
Chapter 3. Global SATCOM Equipment Market Dynamics
- 3.1. SATCOM Equipment Market Impact Analysis (2019-2029)
- 3.1.1. Market Drivers
- 3.1.1.1. Rising demand for enriched data communication
- 3.1.1.2. Growing expenditure on space programs withing aerospace industry
- 3.1.2. Market Challenges
- 3.1.2.1. Government regulations on space equipment & satellite
- 3.1.3. Market Opportunities
- 3.1.3.1. Rising demand for 5G high-speed internet
- 3.1.3.2. Increasing launch of satellites for Earth observation.
Chapter 4. Global SATCOM Equipment Market Industry Analysis
- 4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
- 4.2. Futuristic Approach to Porter's 5 Force Model (2019-2029)
- 4.3. PEST Analysis
- 4.3.1. Political
- 4.3.2. Economical
- 4.3.3. Social
- 4.3.4. Technological
- 4.4. Top investment opportunity
- 4.5. Top winning strategies
- 4.6. Industry Experts Prospective
- 4.7. Analyst Recommendation & Conclusion
Chapter 5. Risk Assessment: COVID-19 Impact
- 5.1. Assessment of the overall impact of COVID-19 on the industry
- 5.2. Pre COVID-19 and post COVID-19 Market scenario
Chapter 6. Global SATCOM Equipment Market, by Type
- 6.1. Market Snapshot
- 6.2. Global SATCOM Equipment Market by Type, Performance - Potential Analysis
- 6.3. Global SATCOM Equipment Market Estimates & Forecasts by Type 2019-2029 (USD Billion)
- 6.4. SATCOM Equipment Market, Sub Segment Analysis
- 6.4.1. Large (>2500 KG)
- 6.4.2. Medium (501 - 2500 KG)
- 6.4.3. Small (1 - 500 KG)
- 6.4.4. CubeSat (0.27 - 27 Cubic Unit of 103 cm)
Chapter 7. Global SATCOM Equipment Market, by Component
- 7.1. Market Snapshot
- 7.2. Global SATCOM Equipment Market by Component, Performance - Potential Analysis
- 7.3. Global SATCOM Equipment Market Estimates & Forecasts by Component 2019-2029 (USD Billion)
- 7.4. SATCOM Equipment Market, Sub Segment Analysis
- 7.4.1. Amplifiers
- 7.4.2. Transceivers
- 7.4.3. Space Antennas
- 7.4.4. Transponders
- 7.4.5. Others
Chapter 8. Global SATCOM Equipment Market, by Application
- 8.1. Market Snapshot
- 8.2. Global SATCOM Equipment Market by Application, Performance - Potential Analysis
- 8.3. Global SATCOM Equipment Market Estimates & Forecasts by Application 2019-2029 (USD Billion)
- 8.4. SATCOM Equipment Market, Sub Segment Analysis
- 8.4.1. Navigation
- 8.4.2. Scientific Research
- 8.4.3. Communication
- 8.4.4. Remote Sensing
- 8.4.5. Others
Chapter 9. Global SATCOM Equipment Market, by End Use
- 9.1. Market Snapshot
- 9.2. Global SATCOM Equipment Market by End Use, Performance - Potential Analysis
- 9.3. Global SATCOM Equipment Market Estimates & Forecasts by End Use 2019-2029 (USD Billion)
- 9.4. SATCOM Equipment Market, Sub Segment Analysis
- 9.4.1. Commercial
- 9.4.2. Government & Military
Chapter 10. Global SATCOM Equipment Market, Regional Analysis
- 10.1. SATCOM Equipment Market, Regional Market Snapshot
- 10.2. North America SATCOM Equipment Market
- 10.2.1. U.S. SATCOM Equipment Market
- 10.2.1.1. Type breakdown estimates & forecasts, 2019-2029
- 10.2.1.2. Component breakdown estimates & forecasts, 2019-2029
- 10.2.1.3. Application breakdown estimates & forecasts, 2019-2029
- 10.2.1.4. End Use breakdown estimates & forecasts, 2019-2029
- 10.2.2. Canada SATCOM Equipment Market
- 10.3. Europe SATCOM Equipment Market Snapshot
- 10.3.1. U.K. SATCOM Equipment Market
- 10.3.2. Germany SATCOM Equipment Market
- 10.3.3. France SATCOM Equipment Market
- 10.3.4. Spain SATCOM Equipment Market
- 10.3.5. Italy SATCOM Equipment Market
- 10.3.6. Rest of Europe SATCOM Equipment Market
- 10.4. Asia-Pacific SATCOM Equipment Market Snapshot
- 10.4.1. China SATCOM Equipment Market
- 10.4.2. India SATCOM Equipment Market
- 10.4.3. Japan SATCOM Equipment Market
- 10.4.4. Australia SATCOM Equipment Market
- 10.4.5. South Korea SATCOM Equipment Market
- 10.4.6. Rest of Asia Pacific SATCOM Equipment Market
- 10.5. Latin America SATCOM Equipment Market Snapshot
- 10.5.1. Brazil SATCOM Equipment Market
- 10.5.2. Mexico SATCOM Equipment Market
- 10.5.3. Rest of Latin America SATCOM Equipment Market
- 10.6. Rest of The World SATCOM Equipment Market
Chapter 11. Competitive Intelligence
- 11.1. Top Market Strategies
- 11.2. Company Profiles
- 11.2.1. Oxford Space Systems
- 11.2.1.1. Key Information
- 11.2.1.2. Overview
- 11.2.1.3. Financial (Subject to Data Availability)
- 11.2.1.4. Product Summary
- 11.2.1.5. Recent Developments
- 11.2.2. Honeywell International Inc
- 11.2.3. ISISPACE Group
- 11.2.4. General Dynamics Corporation
- 11.2.5. Airbus SE
- 11.2.6. Mitsubishi Electric Corporation
- 11.2.7. Harris Corporation
- 11.2.8. Antwerp Space
- 11.2.9. Ball Aerospace & Technologies Corporation
- 11.2.10. Maxar Technologies
Chapter 12. Research Process
- 12.1. Research Process
- 12.1.1. Data Mining
- 12.1.2. Analysis
- 12.1.3. Market Estimation
- 12.1.4. Validation
- 12.1.5. Publishing
- 12.2. Research Attributes
- 12.3. Research Assumption