Market Research Report
SATCOM Equipment - Global Market Outlook (2018-2027)
|Published by||Stratistics Market Research Consulting||Product code||911700|
|Published||Content info||192 Pages
Delivery time: 2-3 business days
|SATCOM Equipment - Global Market Outlook (2018-2027)|
|Published: September 1, 2019||Content info: 192 Pages||
According to Stratistics MRC, the Global Satellite Communication (SATCOM) Equipment Market is accounted for $22.08 billion in 2018 and is expected to reach $53.79billion by 2027 growing at a CAGR of 10.4% during the forecast period. Growing demand in aviation industry and rising need for uninterrupted communication in various industries are the major key factors driving the market growth. Moreover, growing usage of cloud-based services for ground mobility platform will provide ample opportunities for the market growth. However, high component and manufacturing cost may hamper the market growth.
Communications via satellite is the superior reliability unlike other forms of communication and provide superior performance as uniformity and speed. SATCOM consists of mainly an antenna, communication payload, transponder, switching systems, command, and control system. SATCOM equipment or satellite communication equipment are extensively used in a wide range of applications, including weather monitoring, telecommunications, navigation, military surveillance, etc.
On the basis of Technology, SATCOM Automatic Identification System has a growing importance due to the increasing demand for better identification system in maritime due to increasing maritime traffic. Satellite AIS is a vessel identification system used for collision avoidance, identification, location information. By geography, Asia Pacific going to have a lucrative growth during the forecast period owing to the rising usage of satellite antennas in automobiles and growing R&D activities related to SATCOM equipment in the China and India.
Some of the key players in Satellite Communication (SATCOM) Equipment Market include Aselsan, Avl Technologies, Campbell Scientific, Cobham, General Dynamics , Gilat Satellite Networks, Harris, Holkirk Communications, Hughes Network Systems, Intellian Technologies, Iridium, L3 Technologies, Nd Satcom, Network Innovations, Newtec, Satcom Global and Viasat .
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.