PUBLISHER: Lucintel | PRODUCT CODE: 1455896
PUBLISHER: Lucintel | PRODUCT CODE: 1455896
Airborne Satellite Communication Trends and Forecast
The future of the global airborne satellite communication market looks promising with opportunities in the government & defense and commercial applications. The global airborne satellite communication market is expected to reach an estimated $7.9 billion by 2030 with a CAGR of 6.2% from 2024 to 2030. The major drivers for this market are escalating demand for high-throughout satellites, surge in the delivery of aircraft fleets, and rising requirement for customized SATCOM with on-the-move feature.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Airborne Satellite Communication by Segment
The study includes a forecast for the global airborne satellite communication by platform, component, installation type, application, and region.
List of Airborne Satellite Communication Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies airborne satellite communication companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the airborne satellite communication companies profiled in this report include-
Airborne Satellite Communication Market Insights
Lucintel forecasts that upgrade is expected to witness the higher growth over the forecast period due to growing demand for regular fleet modernization of outdated aircraft.
Within this market, government & defense will remain the larger segment due to expanding need for advanced situational awareness in the armed forces for expanding aircraft rescue operations and ISR missions.
APAC is expected to witness highest growth over the forecast period due to rising government spending on the armed forces and putting more of an emphasis on in-flight internet for commercial aircraft in the region.
Features of the Global Airborne Satellite Communication Market
Market Size Estimates: Airborne satellite communication market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Airborne satellite communication market size by various segments, such as by platform, component, installation type, application, and region in terms of value ($B).
Regional Analysis: Airborne satellite communication market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different platforms, components, installation types, applications, and regions for the airborne satellite communication market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the airborne satellite communication market.
Analysis of competitive intensity of the industry based on Porter's Five Forces model.
FAQ
Q1. What is the airborne satellite communication market size?
Answer: The global airborne satellite communication market is expected to reach an estimated $7.9 billion by 2030.
Q2. What is the growth forecast for airborne satellite communication market?
Answer: The global airborne satellite communication market is expected to grow with a CAGR of 6.2% from 2024 to 2030.
Q3. What are the major drivers influencing the growth of the airborne satellite communication market?
Answer: The major drivers for this market are escalating demand for high-throughout satellites, surge in the delivery of aircraft fleets, and rising requirement for customized Satcom with on-the-move feature.
Q4. What are the major segments for airborne satellite communication market?
Answer: The future of the airborne satellite communication market looks promising with opportunities in the government & defense and commercial applications.
Q5. Who are the key airborne satellite communication market companies?
Answer: Some of the key airborne satellite communication companies are as follows:
Q6. Which airborne satellite communication market segment will be the largest in future?
Answer: Lucintel forecasts that upgrade is expected to witness the higher growth over the forecast period due to growing demand for regular fleet modernization of outdated aircraft.
Q7. In airborne satellite communication market, which region is expected to be the largest in next 5 years?
Answer: APAC is expected to witness highest growth over the forecast period due to rising government spending on the armed forces and putting more of an emphasis on in-flight internet for commercial aircraft in the region.
Q.8 Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.