Satellite Communication (SATCOM) Market: Business Overview, Growth Size by Opportunities, Share and Forecast

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 According to the latest report by IMARC Group, titled “Satellite Communication (SATCOM) Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026”, the global satellite communication (SATCOM) market size exhibited moderate growth during 2015-2020. Looking forward, IMARC Group expects the global satellite communication (SATCOM) market to grow at a CAGR of around 8% during 2021-2026. Satellite communication (SATCOM) refers to a technology that facilitates smooth communication by transmitting radio waves from satellites. These signals are further captured and processed through transponders located on the ground. It uses artificial satellites for voice, video and audio transmission that allow radio broadcasting, navigation, and weather monitoring in a seamless manner. SATCOM also offers secure, uninterrupted and private communication as well as stable network connectivity across rural locations and developing countries.

As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviors of the consumers globally–our estimates about the latest market trends and forecast values after considering the impact of this pandemic.

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Market Trends:

The global market is majorly driven by continual technological advancements in the aerospace, defense and telecom sectors. Moreover, the widespread integration of the Internet of Things (IoT) and artificial intelligence (AI) with SATCOM is also creating a positive outlook for the market. IoT devices widely utilize satellite connectivity to transmit and exchange real-time data during flight operations and air traffic management, thereby providing an impetus to the market growth. Moreover, the rising adoption of the SATCOM telemetry and automatic identification system in the defense sector to assist in tracking and identifying marine vehicles across the globe is further propelling the market growth.

Explore Full Report with TOC & List of Figure: https://www.imarcgroup.com/satellite-communication-market

Key Market Segmentation:

Competitive Landscape with Key Players:

The competitive landscape of the industry has also been examined along with the profiles of the key players.

  • Cobham Limited
  • EchoStar Corporation
  • General Dynamics Corporation
  • Gilat Satellite Networks
  • Honeywell International Inc.
  • L3Harris Technologies Inc.
  • SES S.A
  • SKY Perfect JSAT Holdings Inc
  • Telesat (Loral Space & Communications Inc.)
  • Thuraya Telecommunications Company (Al Yah Satellite Communication Company)
  • Viasat Inc.

Breakup by Component:

  • Equipment
    • Transmitter/Transponder
    • Antenna
    • Transceiver
    • Receiver
    • Modem/Router
    • Others
  • Services

Breakup by Application:

  • Voice Communication
  • Broadcasting
  • Data Communication

Breakup by End-Use Industry:

  • Aerospace and Defense
  • Transportation and Logistics
  • Agriculture
  • Government and Military
  • Media and Entertainment
  • Others

Breakup by Region:

  • North America (United States, Canada)
  • Europe (Germany, France, United Kingdom, Italy, Spain, Others)
  • Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
  • Latin America (Brazil, Mexico, Others)
  • Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)

Key highlights of the Report:

  • Market Performance (2015-2020)
  • Market Outlook (2021-2026)
  • Porter’s Five Forces Analysis
  • Market Drivers and Success Factors
  • SWOT Analysis
  • Value Chain
  • Comprehensive Mapping of the Competitive Landscape

If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

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About Us:

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

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