DUBLIN, September 30, 2021–(BUSINESS WIRE)–The “Satellite Communication (SATCOM) Equipment Market by Solution (Products and Services), Platform (Portable, Land Mobile, Land Fixed, Airborne, Maritime), Technology (SOTM/COTM, SOTP), Vertical, Connectivity, Frequency, and Region – Forecast to 2026” report has been added to ResearchAndMarkets.com’s offering.

The SATCOM equipment market is projected to grow from USD 22.0 billion in 2021 to USD 53.7 billion by 2026, at a CAGR of 19.6%.

Based on platform, airborne SATCOM segment is estimated to account for the fastest growth of the SATCOM equipment market from 2021 to 2026.

Based on platform, airborne SATCOM segment is estimated to lead the SATCOM equipment market from 2021 to 2026 and is projected to grow further due to the increasing need for high-definition intelligence, surveillance, and reconnaissance (ISR) videos, and an increasing number of connected commercial aircraft, rising adoption of UAVs and rising number of private aviation companies worldwide supporting market growth. In December 2019, The French Airforce have enhanced their Airborne Satellite communication capabilities by adopting new Thales technologies. The French Defense agency awarded a contract to Thales to design and build the next-generation Syracuse 4 satellite communication system. This contract enables French defense forces to improvise the SATCOM system in the Charles De Gaulle Aircraft Carrier and the Rafale combat aircraft.

Based on solution, the product segment of the SATCOM EQUIPMENT market by solution type is projected to witness the largest share in 2021.

Based on the solution, the market for product is expected to lead the SATCOM equipment market from 2021 to 2026. This is due to the increasing demand of phased-array antenna systems in airborne and maritime platforms, high-speed data communication in aircrafts, the need for high-bandwidth data in harsh and isolated environments, and weather-proof enclosures that protect SATCOM antennas. In February 2021, Comtech Telecommunications Corp. received a contract from NASA’s Glenn Research Center for a Ka-/S-band antenna system and radome to be installed at its new Aerospace Communications Facility in Cleveland, OH, supporting high-bandwidth space and aeronautics communications research. In January 2021, Thales secured its third delivery order to provide the US Army with the AN/PRC-148D improved multiband inter/intra team radios (IMBITR). The number of IMBITR radio orders was more than 6,000.

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Based on verticals, commercial segment is estimated to account for the fastest growth of the SATCOM EQUIPMENT market from 2021 to 2026.

Based on verticals, commercial segment is expected to lead the SATCOM equipment market from 2021 to 2026. This is due to the increasing need for uninterrupted mobile broadband coverage in remote and far-flung regions, streaming information and entertainment, extensive use of small satellites for commercialization and data transferability, technological advancements in transport and logistics network, and increasing demand for broadband connections and VSAT connectivity.

The North American market is projected to contribute the largest share from 2021 to 2026 in the SATCOM equipment market

Based on region, North America is expected to lead the SATCOM equipment market from 2021 to 2026. The US is a lucrative market for SATCOM equipment in the North American region. The US government is increasingly investing in the field of SATCOM to enhance the quality and effectiveness of satellite communication. The increasing investment on SATCOM equipment to enhance defense and surveillance capabilities of the armed forces, modernization of existing communication in military platforms, critical infrastructure, and law enforcement agencies are increasingly using SATCOM equipment are key factors expected to drive the SATCOM equipment market in North America.

Market Dynamics

Drivers

• Increasing Use of Electronically Steered Phased Antennas

• Increasing Launches of Leo Satellites and Constellations

• Increasing Demand for Customized SATCOM-On-The-Move Solutions for Unmanned Ground Vehicles

• Growing Fleet of Commercial and Combat Aircraft

• Increase in Number of High-Throughput Satellites

• Surging Use of SATCOM Equipment for Space Exploration Missions, Telecommunication, and Telemetry

• Growing Fleet of Autonomous and Connected Vehicles Worldwide

• Increasing Requirement for Integrating Internet of Things (IoT) with SATCOM Equipment

Restraints

Opportunities

• Towering Adoption of Cloud-Based Services by Different Industries

• Augmenting Use of Small Satellites for Various Applications

• Development of Ultra-Compact SATCOM Terminals for Advanced Ground Combat Vehicles

• Proposed Development of Satellite Networks to Provide Internet Access in Remote Areas

• Increasing Adoption of Small and Portable SATCOM Terminals by Retail Consumers

Challenges

Companies Mentioned

• Aselsan A.S.

• Avl Technologies

• Ball Corporation

• Campbell Scientific, Inc.

• Collins Aerospace

• General Dynamics Corporation

• Gilat Satellite Networks

• Holkirk Communications

• Honeywell International Inc

• Hughes Network Systems

• Intellian Technologies, Inc.

• Iridium Communications Inc.

• Kratos

• L3Harris Technologies

• Nd SATCOM

• OneWeb

• Orbit Communication Systems Ltd.

• Raytheon Intelligence & Space

• SATCOM Global

• Space Exploration Technologies Corporation (SpaceX)

• St Engineering

• Thales Group

• Thinkom Solutions Inc.

• Thrane & Thrane A/S (Cobham SATCOM)

• Viasat, Inc.

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View source version on businesswire.com: https://www.businesswire.com/news/home/20210930005796/en/

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