Satellite Communication Equipment Market: Growing Use of Satcom Equipment in Space Exploration, Telecommunication, & Telemetry

Factors such as increasing need for uninterrupted communication in various industries and growing fleet of autonomous and connected vehicles have garnered the interest of satellite manufacturers and related players in the satellite industry, subsequently driving the growth of the SATCOM equipment market.

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The satellite industry has been witnessing remarkable growth in the past two decades. The growth of this industry, fueled by the access to satellite technology by private players, subsequently drives the SATCOM equipment market. Furthermore, shorter development cycle and lesser cost of development have triggered the growth of satellite antennas, which constitute a major part of the SATCOM equipment market.

The telecom & IT segment of the commercial SATCOM equipment market is estimated to capture the largest share during the forecast period. Satellites can provide global, ubiquitous, and multipoint communications. Not surprisingly, the satellite technology has become a flexible and cost-effective solution for domestic and international networks, irrespective of the user’s geographic location. Wireline and wireless lack this ability to leap across continents and oceans, often linking some of the world’s most remote spots. The benefits of satellite communications have steadily expanded their usage. Today, satellites’ diverse purposes encompass wide area network communication, cellular backhaul, Internet trunking, television broadcasting, and rural telephony. Satellites are also on the frontiers of such advanced applications as telemedicine, distance learning, Voice over Internet Protocol (VoIP), and video on demand (VoD). All the above-stated factors contribute toward the growth of the SATCOM equipment market.

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Based on end-use, the maritime SATCOM equipment segment is estimated to hold the largest share of the SATCOM equipment market in 2017. As commercial and naval vessels are at sea for long periods, they require robust satellite communication systems to maintain contact with shore under any weather and sea conditions. Maritime satellite communication systems also deliver the best turnkey terminals for internet access and television reception.

The Asia Pacific SATCOM equipment market is expected to witness the highest CAGR, owing to the increased use of satellite antennas in automobiles in the region. With recent space exploration missions by space agencies, such as Indian Space Research Organization (India) and China National Space Administration (China), the SATCOM equipment market has witnessed significant growth in the Asia Pacific region.

Companies operating in the SATCOM equipment market are focused on developing technologically advanced equipment for various applications, including telecommunication, automotive, Earth observation, and scientific research. These companies are also engaged in research activities to develop miniature systems that can perform efficiently in complex environments.

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