• English
    • Albanian
    • Български (Bulgarian)
    • Hrvatski (Croatian)
    • Ελληνικά (Greek)
    • македонски (Macedonian)
    • српски (Serbian)
    • Türkçe (Turkish)
  • News
    • Balkans
    • Europe
    • Press relesaes
  • Business
  • Finance
  • Lifestyle
  • Technology
Reading: Satellite Communication (SATCOM) Equipment Market to Reach $41.51 Billion by 2029, Growing at a CAGR of 11.3%
Submit News
  • About Us
  • Contact Us
The Balkans News™
  • Croatia
  • Bosnia and Herzegovinia
  • Montenegro
  • Serbia
  • Kosovo
  • Bulgaria
  • Greece
  • Turkiye
Reading: Satellite Communication (SATCOM) Equipment Market to Reach $41.51 Billion by 2029, Growing at a CAGR of 11.3%
The Balkans News™The Balkans News™
Font ResizerAa
Search
  • News
    • Balkans
    • Europe
    • Press relesaes
  • Business
  • Finance
  • Lifestyle
  • Technology
  • Country
    • Croatia
    • Bosnia and Herzegovinia
    • Montenegro
    • Serbia
    • Kosovo
    • Bulgaria
    • Greece
    • Turkiye
  • English
    • Albanian
    • Български (Bulgarian)
    • Hrvatski (Croatian)
    • Ελληνικά (Greek)
    • македонски (Macedonian)
    • српски (Serbian)
    • Türkçe (Turkish)
The Balkans News™ is part of GroupWeb Media Network. © 2024 GroupWeb Media LLC.
The Balkans News™ > Blog > Press relesaes > Satellite Communication (SATCOM) Equipment Market to Reach $41.51 Billion by 2029, Growing at a CAGR of 11.3%
Press relesaes

Satellite Communication (SATCOM) Equipment Market to Reach $41.51 Billion by 2029, Growing at a CAGR of 11.3%

Newsroom
Last updated: November 26, 2024 8:00 am
Newsroom
Share
SHARE


(EMAILWIRE.COM, November 26, 2024 ) The SATCOM Equipment Market is valued at USD 24.27 billion in 2024 and is projected to reach USD 41.51 billion by 2029, at a CAGR of 11.3% from 2024 to 2029. With advancements in electronics, communication equipment (antenna, radio, etc.), and information technology, the world is today moving towards digitalization. Information quality is a crucial aspect of SATCOM equipment in the digital space. However, the information quality delivered to end users depends on the data received from the various sources. If the system fails to meet the quality needed, the data will not be transformed into useful information. While modernizing SATCOM equipment for commercial and military applications, essential requirements include high reliability, efficiency, and compact size. SATCOM equipment systems aim to reduce uncertainty and exploit high-quality information while providing useful real-time information. Due to these requirements, market players put enormous efforts into developing technologically advanced SATCOM equipment. The report on the SATCOM equipment market provides a detailed trend analysis from 2020 to 2029. It discusses industry and technology trends prevailing in the market and drivers, restraints, challenges, and opportunities that influence the market’s growth.

Download PDF Brochure @

https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=159285646

The development of omnidirectional and circularly polarized slotted antennas indicates the potential for improvement of existing antenna designs, such as transferring signals around mountains or the curvature of the Earth. Active Electronically Scanned Array (AESA) are witnessing new development in the design of antennas, employing advanced materials and electronics for better performance while allowing additional flexibility. AESA operates from various frequency bands, even to the Ka band, which ranges from 26.5 to 40 GHz, with characteristics of an individually controlled arrangement of a radiating element. In AESA systems, a large number of elements are steered by several groups of amplifiers, with fast steering of the radiated beams and the tracking of many satellites. This technology is able to reach approximately 20% bandwidth to provide high data rates for applications such as broadband internet and real-time video transmission. With a peak gain of about 35 dBi, AESA ensures that the signal strength is fairly strong even at an extended range. The design of the antenna is also solid-state, and it is far better than a mechanical system in terms of reliability and lower maintenance costs. It also supports high levels of integration with digital signal processing units, which enable such advanced capabilities as adaptive beamforming and interference mitigation.

Based on the platform, the airborne SATCOM segment is estimated to lead the SATCOM equipment market from 2024 to 2029 There is an increasing demandfor dependable, high-speed communication in aviation—which includes commercial aircraft, military operations, and private aviation—is driving major investment in airborne SATCOM systems. With increased demand for in-flight Wi-Fi services and an increasing emphasis on improving the customer experience, airlines are looking for improved SATCOM systems that provide seamless connectivity and bandwidth efficiency.

Based on technology, the satellite communication equipment market has been segmented into SATCOM-on-the-move (SOTM/COTM) and SATCOM-on-the-pause (SOTP). Modern military warfare is highly asymmetric and mobile; military units desire SOTM systems. Companies like General Dynamics, Gilat Satellite Networks, Raytheon, and ViaSat supply SOTM systems. Wideband satellite frequencies (C, Ku, X, Ka) to provide high-bandwidth services to earth station antennas that continuously track satellites and maintain communications links while in motion has opened up new markets for SOTM applications.

Based on the solution, the SATCOM equipment market has been segmented into products and services. The product segment is expected to dominate the SATCOM equipment market from 2024 to 2029, accounting for an estimated market share of 92.7% in 2024. Increasing demand for sensors for next-generation airborne intelligence, surveillance, and reconnaissance system, the need for a 5G network for faster wireless data transfer, the order of wired communication devices underwater and subsurface military applications, increasing use of phased-array antenna systems in naval and airborne platforms, increasing need of power amplifiers for military and commercial satellite uplink applications, increasing demand of secure SATCOM to support missions from command centers will drive the market.

Based on region, North America will lead the SATCOM equipment market in 2024. The US is the biggest market for SATCOM equipment in North America. Telesat’s LEO constellations and rising spending by US defense organizations and private players are some factors that are likely to fuel the SATCOM equipment market in North America. Satcom equipment market in the United States is growing for several reasons. The demand for broadband connectivity is on the rise within many industries and sectors. Satcom equipment is necessary to provide reliable, high-speed broadband services in areas where the terrestrial infrastructure is less developed, mainly in rural and remote locations. This demand arises due to the need to bridge the digital divide and connect underserved communities. The growth of 5G networks is one of the primary drivers of the satcom equipment market. With the deployment of 5G networks, robust backhaul and transport solutions are required to support increased data traffic and low-latency requirements.

Ask for Sample Report @

https://www.marketsandmarkets.com/requestsampleNew.asp?id=159285646

Key Market Players

The SATCOM equipment market is dominated by a few globally established players such Echostar Corporation (US), L3Harris Technologies, Inc. (US), Thales (France), RTX (US), General Dynamics Corporation (US), Cobham Satcom (Denmark), Honeywell International Inc. (US), Viasat, Inc. (US), Gilat Satellite Networks (Israel), Aselsan A.S (Turkey), Iridium Communication Inc. (US), Intellian Technologies Inc. ( South Korea), ST Engineering (Singapore), SpaceX (US), Elbit Systems Ltd. (Israel), Campbell Scientific, Inc. (US), ND SatCom GmbH ( Germany), among others.

About MarketsandMarkets™

MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.

The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines – TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

Built on the ‘GIVE Growth’ principle, we work with several Forbes Global 2000 B2B companies – helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.



Source link

Subscribe to Our Newsletter
Subscribe to our newsletter to get our newest articles instantly!
[mc4wp_form]
Share This Article
Facebook Whatsapp Whatsapp LinkedIn Email Copy Link Print
Previous Article A New Era in Aviation: Growth Prospects for the Ultralight Aircraft Industry
Next Article Global Automotive Speaker Market Forecast to 2029: Analysis by Type, Vehicle Category, Installation, and Advanced Technologies

Editor's Pick

OBGYN EHR Market Demand for Integrated Healthcare Systems

Global OBGYN EHR Market Size, Share & Trends Analysis Report by Product (Client Server-based, Web-based), By Application (Scheduling, Billing, Clinical…

By Abdul Kader
7 Min Read
TerraMaster lance la série 725 de NAS rack Xeon pour fournir un stockage unifié d’entreprise à l’ère de l’IA

(EuropeNewswire.net) — Alors que les applications d’IA et les activités numériques continuent…

4 Min Read
Europe Media List (EML):  The Premier Hub for European Press Release Distribution & Media Intelligence

LONDON, UK – (EuropeNewswire.net) — Europe is not a monolith. For international…

14 Min Read

Latest News

South East Europe | OECD

South East Europe has undergone a significant transformation in recent…

August 25, 2024

Meeting of Bulgaria-related Businesses in North Macedonia Organized by Bulgarian Embassy in Skopje

A meeting of Bulgaria-related business in the Republic…

August 18, 2024

5 companies leading the way

Located between the Adriatic Sea, the Mediterranean Sea,…

July 28, 2024

Western Balkans should focus on economy and EU path

Prime Minister Milojko Spajić met with representatives of…

July 21, 2024

New €1.2 billion investment package for infrastructure and entrepreneurship in the Western Balkans

  The European Commission announced the sixth investment…

July 14, 2024

You Might Also Like

Press relesaes

The Fiber Optic Cable Market size is expected to reach nearly USD 22.56 Bn. by 2030, as per Maximize Market Research

 Fiber Optic Cable Market(EMAILWIRE.COM, September 19, 2024 ) The global fiber optic cables markets growth is driven by increasing demand…

3 Min Read
Press relesaes

Global Sparkling Tea Market is projected to reach the value of USD 704.96 million by 2030

(EMAILWIRE.COM, June 02, 2025 ) The Global Sparkling Tea Market was valued at USD 459.66 million and is projected to…

12 Min Read
Press relesaes

Shapewear Market Projects 8% Growth Rate Amid Global Trade Tensions

The shapewear market is experiencing robust expansion, with the market size estimated at USD 2.73 million in 2024 and projected to reach…

7 Min Read
Press relesaes

يوم المصنع الذكي لـ iCAUR: العالم يوجّه أنظاره نحو ابتكار الصين في مجال المركبات الكهربائية الجديدة

WUHU, China – (ARAB NEWSWIRE) — في ظهيرة السابع عشر من أكتوبر/تشرين الأول، حضر ممثلون عن المستخدمين وضيوف إعلاميون وشركاء…

4 Min Read
The Balkans News™

About Us

The Balkans News™ publishes news on Balkan coutries with empahis on Business, Finance, Lifestyle and Techology. In Association with EuropeNewswire.net, The Balkans News™  also publishes and distributes press releases to media outlets in the regions and the entire European countries.

Contact Us

  • WhatsApp: +1 832-716-2363
  • Skype: Groupwebmedia
  • Telegram: @groupwebmedia

Balkans Countries

  • Croatia
  • Bosnia and Herzegovinia
  • Montenegro
  • Serbia
  • Kosovo
  • Bulgaria
  • Greece
  • Turkiye

Latest News

Europe

TerraMaster lance sa saison de mise à niveau du stockage avec jusqu’à 30 % de réduction à l’occasion des Prime Big Deal Days

Newsroom
By Newsroom
October 5, 2026
Europe

TerraMaster lance la série 725 de NAS rack Xeon pour fournir un stockage unifié d’entreprise à l’ère de l’IA

Newsroom
By Newsroom
September 22, 2026
Europe

Europe Media List (EML):  The Premier Hub for European Press Release Distribution & Media Intelligence

Newsroom
By Newsroom
September 21, 2026

Share Us

  • Albanian
  • Български (Bulgarian)
  • Hrvatski (Croatian)
  • English
  • Ελληνικά (Greek)
  • македонски (Macedonian)
  • српски (Serbian)
  • Türkçe (Turkish)

The Balkans News™ is part of GroupWeb Media Network. © 2026 GroupWeb Media LLC.

About Us | Contact Us | Submit News

Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?