Satellite Communication (SATCOM) Market 2019 Global Industry Trends, Statistics, Size, Share, Growth Factors, Regional Analysis, Competitive Landscape and Forecast to 2025

Satellite Communication (SATCOM) Market 2019 Global Industry Trends, Statistics, Size, Share, Growth Factors, Regional Analysis, Competitive Landscape and Forecast to 2025

“Satellite Communication (SATCOM) Market”
Global Satellite Communication (SATCOM) Market Research Report Covers Historical Market Trends, Current Market Dynamics, Market Valuation by Segmentation as Well as Region, Risk and Opportunity Assessment, Country-level Analysis for Every Segment, Key Player’s Market Share Analysis, Competitive Landscape and Supply Chain Analysis.

The Global SATCOM Market is projected to be valued at USD 41,860 Million by 2025, expanding at a CAGR of 8.40% between 2019 and 2025.

The growing adoption of SATCOM equipment in telecommunication, space exploration, and telemetry has significantly contributed to the growth of the SATCOM market. High competition owing to the presence of a large number of players in this market is forcing manufacturers to continuously focus on product innovation and development. Furthermore, increasing adoption of autonomous and connected vehicles is also expected to drive the growth of the market.

Satellite Communication Market Drivers

    • The growing demand for SATCOM solutions in the aviation industry: The growing demand of SATCOM solutions by airline operators such as the Emirates Group is expected to drive the growth of the market.
    • Growing adoption of SATCOM equipment in telecommunication, space exploration, and telemetry
    • Increasing fleet of autonomous and connected vehicles

Satellite Communication Market Restraints

    • High cost of development and maintenance
    • Issues related to cybersecurity

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Satellite Communication Market USP

The growing demand for SATCOM solutions in the aviation industry is expected to drive the growth of the market.

Growth Opportunities in the Market

  • Satcom antenna segment is expected to witness the highest growth rate in the market: The Satcom antenna segment is expected to grow at the highest CAGR during the forecast period from 2019 to 2025. The growth can be attributed to the benefits offered by Satcom antennas such as corrosion resistance and sturdiness.
  • Commercial vertical is expected to witness a higher growth in the market: The commercial vertical is expected to grow at a higher CAGR during the review period owing to the growing demand for satellite TV and the rising demand for SATCOM equipment by the space and telecommunication industries.
  • SATCOM Automatic Identification System (AIS) segment is expected to register the highest growth in the market: The SATCOM AIS segment is expected to grow at the highest CAGR during the review period. Enhanced identification, location information, and collision avoidance offered by the technology marine vessel operators are driving the growth of the segment.
  • Maritime SATCOM Equipment segment is expected to grow at the highest CAGR: The segment is expected to grow at the highest CAGR during the forecast period from 2019 to 2025. The segment includes commercial ships, military ships, and unmanned maritime vehicles. The rising concept of autonomous and connected ships and rising seaborne trade across the globe are driving the growth of the segment.

Satellite Communication Market Key Players

  • Inmarsat plc (UK)
  • Honeywell International, Inc. (US)
  • L3 Harris Technologies, Inc. (US)
  • Indra Sistemas, S.A. (Spain)
  • General Dynamics Corporation (US)
  • Cobham plc (UK)
  • Viasat, Inc. (US)
  • Iridium Communications Inc. (US)
  • Qualcomm Technologies, Inc. (US)
  • GILAT SATELLITE NETWORKS (Israel)

Other Prominent Players

  • ASELSAN A.Ş. (Turkey)
  • INTELLIAN TECHNOLOGIES, INC. (South Korea)
  • Hughes Network Systems LLC (US)
  • ST Engineering Group (Singapore)
  • Campbell Scientific, Inc. (US)
  • ND SatCom GmbH (Germany)
  • Satcom Global Ltd (UK)
  • Holkirk Communications Ltd. (UK)
  • Network Innovations (US)
  • AvL Technologies, Inc. (US)
  • Airbus S.A.S (France)
  • China Satellite Communication Co. Ltd. (China)

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TABLE OF CONTENTS

1. EXECUTIVE SUMMARY
1.1. Market Attractiveness Analysis
1.1.1. Global Satellite Communication (SATCOM) Market, by Product
1.1.2. Global Satellite Communication (SATCOM) Market, by Technology
1.1.3. Global Satellite Communication (SATCOM) Market, by End Use
1.1.4. Global Satellite Communication (SATCOM) Market, by Vertical
1.1.5. Global Satellite Communication (SATCOM) Market, by Region

2. MARKET INTRODUCTION
2.1. Market Definition
2.2. Scope of the Study
2.2.1. Research Objectives 
2.2.2. Assumptions & Limitations
2.3. Market Structure

3. MARKET RESEARCH METHODOLOGY
3.1. Research Process 
3.2. Secondary Research 
3.3. Primary Research 
3.4. Forecast Model

Continued…….

LIST OF TABLES

Table 1 Global Satellite Communication (SATCOM) Market, by Region, 2019–2025 
Table 2 North America: Satellite Communication (SATCOM) Market, by Country, 2019–2025 
Table 3 Europe: Satellite Communication (SATCOM) Market, by Country, 2019–2025 
Table 4 Asia-Pacific: Satellite Communication (SATCOM) Market, by Country, 2019–2025 
Table 5 Middle East & Africa: Satellite Communication (SATCOM) Market, by Country, 2019–2025
Table 6 Latin America: Satellite Communication (SATCOM) Market, by Country, 2019–2025
Table 7 Global Satellite Communication (SATCOM) Market Size, by Region, 2019–2025

Continued………

LIST OF FIGURES

FIGURE 1 Research Process of MRFR
FIGURE 2 Top-Down & Bottom-Up Approaches
FIGURE 3 Market Dynamics
FIGURE 4 Impact Analysis: Market Drivers
FIGURE 5 Impact Analysis: Market Restraints
FIGURE 6 Porter’s Five Forces Analysis
FIGURE 7 Value Chain Analysis

Continued……

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