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Satellite Communication Equipment Market Trends and Forecast

The future of the global satellite communication equipment (satcom) market looks promising with opportunities in the asset tracking/monitoring, airtime, drones connectivity, data backup & recovery, navigation & monitoring, tele-medicine, and broadcasting applications. The global satellite communication equipment (satcom) market is expected to reach an estimated $58.4 billion by 2028 with a CAGR of 11.1% from 2023 to 2028. The major drivers for this market are emergence of LEO (low earth orbit) satellites and a network of satellites for efficient communication, increasing need for cloud-based services for platforms that support ground mobility, and growing preference for 5G enabled communication system across the globe.
Satellite Communication Equipment Market by Platform, Application, and End Use Industry

A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown here. 
Satellite Communication Equipment Market by Segments

Satellite Communication Equipment Market by Segment

The study includes trends and forecast for the global satellite communication equipment market by platform, application, end use industry, and region.

Satellite Communication Equipment Market by Platform [Shipment Analysis by Value from 2017 to 2028]:

• Portable
• Land mobile
• Land Fixed
• Airborne
• Maritime

Satellite Communication Equipment Market by Application [Shipment Analysis by Value from 2017 to 2028]:

• Asset Tracking/Monitoring
• Airtime
• Drones Connectivity
• Data Backup & Recovery
• Navigation & Monitoring
• Tele-Medicine
• Broadcasting
• Others

Satellite Communication Equipment Market by End Use Industry [Shipment Analysis by Value from 2017 to 2028]:

• Commercial
• Government & Defense

Satellite Communication Equipment Market by Region [Shipment Analysis by Value from 2017 to 2028]:

• North America
• Europe
• Asia Pacific
• The Rest of the World
 

List of Satellite Communication Equipment 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, satellite communication equipment companies cater to increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the satellite communication equipments companies profiled in this report include-
• Viasat
• SES S.A.
• Intelsat
• Telesat
• EchoStar
• L3Harris Technologies
• Thuraya Telecommunications

Satellite Communication Equipment Market Insights

  • Lucintel forecasts that airborne is expected to witness the highest growth over the period due to its growing need for advanced SATCOM as the on-the-go solution and the expanding usage of innovative airborne SATCOM in novel aircraft.
  • Broadcasting will remain the largest segment due to extensive demand for SATCOM among DTH (direct-to-home) providers, rising preference for IP live-production technology, and increasing consumer spending on cable television, digital platforms, and broadcasting solutions.
  • North America will remain the largest region over the forecast period due to the existence of a broad coastal area that necessitate ongoing surveillance of natural disasters, terrorism and criminal activities, supportive government investment in military technology development, and the presence of key players in the region.

Features of the Global Satellite Communication Equipment (SATCOM) Market

  • Market Size Estimates: Satellite communication equipment market size estimation in terms of value ($B).
  • Trend and Forecast Analysis: Market trends (2017 to 2022) and forecast (2023 to 2028) by various segments and regions.
  • Segmentation Analysis: Satellite communication equipment market size by various segments, such as by platform, application, end use industry, and region in terms of value ($B).
  • Regional Analysis: Satellite communication equipment market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
  • Growth Opportunities: Analysis of growth opportunities in different platforms, applications, end use industries, and regions for the satellite communication equipment market.
  • Strategic Analysis: This includes M&A, new product development, and competitive landscape of the satellite communication equipment market.
  • Analysis of competitive intensity of the industry based on Porter’s Five Forces model.

FAQ

Q.1 What is the satellite communication equipment market size?
Answer: The global satellite communication equipment market is expected to reach an estimated $58.4 billion by 2028.
Q.2 What is the growth forecast for satellite communication equipment market?
Answer: The global satellite communication equipment market is expected to grow with a CAGR of 11.1% from 2023 to 2028
Q.3 What are the major drivers influencing the growth of the satellite communication equipment market?
Answer: The major drivers for this market are emergence of LEO (low earth orbit) satellites and a network of satellites for efficient communication, increasing need for cloud-based services for platforms that support ground mobility, and growing preference for 5G enabled communication system across the globe.
Q4. What are the major segments for satellite communication equipment market?
Answer: The future of the satellite communication equipment market looks promising with opportunities in the asset tracking/monitoring, airtime, drones connectivity, data backup & recovery, navigation & monitoring, tele-medicine, and broadcasting applications.
Q5. Who are the key satellite communication equipment companies?
Answer: Some of the key satellite communication equipment companies are as follows:
• Viasat
• SES S.A.
• Intelsat
• Telesat
• EchoStar
• L3Harris Technologies
• Thuraya Telecommunications
Q6. Which satellite communication (satcom) equipment market segment will be the largest in future?
Answer: Lucintel forecasts that airborne is expected to witness the highest growth over the period due to its growing need for advanced SATCOM as on-the-go solution and the expanding usage of innovative airborne SATCOM in novel aircraft.
Q7. In satellite communication (satcom) equipment market, which region is expected to be the largest in next 5 years?
Answer: North America will remain the largest region over the forecast period due to the existence of a broad coastal area that necessitate ongoing surveillance of natural disasters, terrorism and criminal activities, supportive government investment in military technology development, and presence of key players in the region.
Q.8. Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% Customization Without any Additional Cost.

This report answers following 11 key questions:

Q.1. What are some of the most promising, high-growth opportunities for the global satellite communication equipment market by platform (portable, land mobile, land fixed, airborne, and maritime), application (asset tracking/monitoring, airtime, drones connectivity, data backup & recovery, navigation & monitoring, tele-medicine, broadcasting, and others), end use industry (commercial and government & defense), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
 
For any questions related to satellite communication equipment (SATCOM) market or related to satellite communication equipment (SATCOM) companies, satellite communication equipment (SATCOM) market size, satellite communication equipment (SATCOM) market share, satellite communication equipment (SATCOM) market growth, satellite communication equipment (SATCOM) market research, write Lucintel analyst at email: helpdesk@lucintel.com we will be glad to get back to you soon.
 
Table of Contents
 
1. Executive Summary
 
2. Global Satellite Communication Equipment Market: Market Dynamics
2.1: Introduction, Background, and Classifications
2.2: Supply Chain
2.3: Industry Drivers and Challenges 
 
3. Market Trends and Forecast Analysis from 2017 to 2028
3.1: Macroeconomic Trends (2017-2022) and Forecast (2023-2028)
3.2: Global Satellite Communication Equipment Market Trends (2017-2022) and Forecast (2023-2028)
3.3: Global Satellite Communication Equipment Market by Platform
3.3.1: Portable 
3.3.2: Land mobile 
3.3.3: Land Fixed 
3.3.4: Airborne 
3.3.5: Maritime 
3.4: Global Satellite Communication Equipment Market by Application
3.4.1: Asset Tracking/Monitoring 
3.4.2: Airtime 
3.4.3: Drones Connectivity 
3.4.4: Data Backup & Recovery 
3.4.5: Navigation & Monitoring 
3.5: Global Satellite Communication Equipment Market by End Use Industry 
3.5.1: Commercial 
3.5.2: Government & Defense 
 
4. Market Trends and Forecast Analysis by Region from (2017 to 2028)
4.1: Global Satellite Communication Equipment Market by Region
4.2: North American Satellite Communication Equipment Market
4.2.1: North American Satellite Communication Equipment Market by Platform: Portable, Land mobile, Land Fixed, Airborne, and Maritime
4.2.2: North American Satellite Communication Equipment Market by Application: Asset Tracking/Monitoring, Airtime, Drones Connectivity, Data Backup & Recovery, Navigation & Monitoring, Tele-Medicine, Broadcasting, and Others
4.3: European Satellite Communication Equipment Market 
4.3.1: European Satellite Communication Equipment Market by Platform: Portable, Land mobile, Land Fixed, Airborne, and Maritime
4.3.2: European Satellite Communication Equipment Market by Application: Asset Tracking/Monitoring, Airtime, Drones Connectivity, Data Backup & Recovery, Navigation & Monitoring, Tele-Medicine, Broadcasting, and Others
4.4: APAC Satellite Communication Equipment Market 
4.4.1: APAC Satellite Communication Equipment Market by Platform: Portable, Land mobile, Land Fixed, Airborne, and Maritime
4.4.2: APAC Satellite Communication Equipment Market by Application: Asset Tracking/Monitoring, Airtime, Drones Connectivity, Data Backup & Recovery, Navigation & Monitoring, Tele-Medicine, Broadcasting, and Others
4.5: ROW Satellite Communication Equipment Market 
4.5.1: ROW Satellite Communication Equipment Market by Platform: Portable, Land mobile, Land Fixed, Airborne, and Maritime
4.5.2: ROW Satellite Communication Equipment Market by Application: Asset Tracking/Monitoring, Airtime, Drones Connectivity, Data Backup & Recovery, Navigation & Monitoring, Tele-Medicine, Broadcasting, and Others
 
5. Competitor Analysis 
5.1: Product Portfolio Analysis 
5.2: Operational Integration 
5.3: Porter’s Five Forces Analysis 
 
6. Growth Opportunities and Strategic Analysis 
6.1: Growth Opportunity Analysis 
6.1.1: Growth Opportunities for the Global Satellite Communication Equipment Market by Platform
6.1.2: Growth Opportunities for the Global Satellite Communication Equipment Market by Application
6.1.3: Growth Opportunities for the Global Satellite Communication Equipment Market by End Use Industry 
6.1.4: Growth Opportunities for the Global Satellite Communication Equipment Market by Region
6.2: Emerging Trends in the Global Satellite Communication Equipment Market 
6.3: Strategic Analysis 
6.3.1: New Product Development 
6.3.2: Capacity Expansion of the Global Satellite Communication Equipment Market 
6.3.3: Mergers, Acquisitions, and Joint Ventures in the Global Satellite Communication Equipment Market 
6.3.4: Certification and Licensing 
 
7. Company Profiles of Leading Players 
7.1: Viasat 
7.2: SES S.A. 
7.3: Intelsat 
7.4: Telesat 
7.5: EchoStar 
7.6: L3Harris Technologies 
7.7: Thuraya Telecommunications 
 
 
 
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Lucintel has been in the business of market research and management consulting since 2000 and has published over 1000 market intelligence reports in various markets / applications and served over 1,000 clients worldwide. This study is a culmination of four months of full-time effort performed by Lucintel's analyst team. The analysts used the following sources for the creation and completion of this valuable report:
  • In-depth interviews of the major players in this market
  • Detailed secondary research from competitors’ financial statements and published data 
  • Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
  • A compilation of the experiences, judgments, and insights of Lucintel’s professionals, who have analyzed and tracked this market over the years.
Extensive research and interviews are conducted across the supply chain of this market to estimate market share, market size, trends, drivers, challenges, and forecasts. Below is a brief summary of the primary interviews that were conducted by job function for this report.
 
Thus, Lucintel compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. Lucintel then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process. The figure below is a graphical representation of Lucintel’s research process. 
 

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