PUBLISHER: The Insight Partners | PRODUCT CODE: 1149769
PUBLISHER: The Insight Partners | PRODUCT CODE: 1149769
The airborne SATCOM market in Middle East & Africa is expected to grow from US$ 421.78 million in 2022 to US$ 568.55 million by 2028; it is estimated to grow at a CAGR of 5.1% from 2022 to 2028.
The growing air passenger traffic is driving the expansion of the airborne SATCOM industry. Factors such as increased middle-class interest in air travel, the expansion of this group in emerging nations, and an increase in the worldwide working-age population are predicted to boost total air passenger traffic. The newest ICAO analysis of air traffic shows obvious indicators of a strong recovery in air traffic, with increased carrier confidence and a variety of regional air connectivity and air travel facilitation enhancements. Airline seat capacity increased by 32% during the same period, and with continued supporting conditions for increased air travel demand forecast, the International Civil Aviation Organization (ICAO) predicts a stronger overall rate of recovery this year than last.
With the increase in air traffic and aircraft demand, air carriers are increasing their aircraft delivery. The demand for new airlines is not just from existing aircraft reestablishing their fleet but also from new low-cost aircraft entering the market. A repressed interest of leisure travelers being more cost-sensitive post-pandemic, decreased interest for business travel, alongside the adaptability of the minimal expense aircraft plan of action, is surging demand of SATCOM.
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 Middle East & Africa airborne SATCOM market. The Middle East & Africa airborne SATCOM market is expected to grow at a good CAGR during the forecast period.
Middle East & Africa Airborne SATCOM Market Revenue and Forecast to 2028 (US$ Million)
Middle East & Africa Airborne SATCOM Market Segmentation
Middle East & Africa airborne SATCOM market is segmented into platform, component, application, and country.
Based on platform, the Middle East & Africa 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 Middle East & Africa 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 Middle East & Africa airborne SATCOM market is categorized into defense, and commercial. The commercial segment held the largest market share in 2022.
Based on country, the Middle East & Africa airborne SATCOM market is segmented into Saudi Arabia, South Africa, UAE, and the Rest of Middle East & Africa. Rest of Middle East & Africa held the largest market share in 2022.
ASELSAN A.A.; Cobham Limited; Collins Aerospace; General Dynamics Mission Systems, Inc.; Honeywell International Inc.; L3Harris Technologies, Inc.; Orbit Communications Systems Ltd.; Thales Group; and Viasat, Inc. are among the leading companies in the airborne SATCOM market in the region.