Satellite Communication Terminal Market Report: Trends, Forecast and Competitive Analysis to 2030

Satellite Communication Terminal Trends and Forecast

The future of the global satellite communication terminal market looks promising with opportunities in the military use and civil use markets. The global satellite communication terminal market is expected to reach an estimated $6.1 billion by 2030 with a CAGR of 6.8% from 2024 to 2030. The major drivers for this market are growing demand from the military and defense industry, rising demand for satellite communication terminals across a variety of industries, including the internet of things, aviation, marine, enterprise, and broadband, as well as, rising need for enhanced operational efficiencies and air traffic control.

A more than 150-page report is developed to help in your business decisions.

Satellite Communication Terminal by Segment

The study includes a forecast for the global satellite communication terminal by type, application, and region.

Satellite Communication Terminal Market by Type [Shipment Analysis by Value from 2018 to 2030]:

• C Band
• X Band
• S Band
• Ku Band
• Ka Band

Satellite Communication Terminal Market by Application [Shipment Analysis by Value from 2018 to 2030]:

• Military Use
• Civil Use

Satellite Communication Terminal Market by Region [Shipment Analysis by Value from 2018 to 2030]:

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

List of Satellite Communication Terminal 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 terminal companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the satellite communication terminal companies profiled in this report include-

• L3Harris
• Viasat
• General Dynamics Mission Systems
• Thales Group
• Collins Aerospace
• Cobham Limited
• Honeywell
• Ball
• Datapath
• Hughes Network Systems

Satellite Communication Terminal Market Insights

Lucintel forecasts that C band is expected to witness largest segment over the forecast period because it provides rapid data transmission and extensive coverage, delivering high-speed connectivity over longer distances compared to other frequencies.

North America is expected to witness largest region over the forecast period due to growing demand for satellite broadband services along with the increasing satellite launches in the region.

Features of the Global Satellite Communication Terminal Market

Market Size Estimates: Satellite communication terminal market size estimation in terms of value ($B).

Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.

Segmentation Analysis: Satellite communication terminal market size by type, application, and region in terms of value ($B).

Regional Analysis: Satellite communication terminal market breakdown by North America, Europe, Asia Pacific, and Rest of the World.

Growth Opportunities: Analysis of growth opportunities in different type, application, and regions for the satellite communication terminal market.

Strategic Analysis: This includes M&A, new product development, and competitive landscape of the satellite communication terminal market.

Analysis of competitive intensity of the industry based on Porter's Five Forces model.

FAQ

Q.1 What is the satellite communication terminal market size?

Answer: The global satellite communication terminal market is expected to reach an estimated $6.1 billion by 2030.

Q.2 What is the growth forecast for satellite communication terminal market?

Answer: The global satellite communication terminal market is expected to grow with a CAGR of 6.8% from 2024 to 2030.

Q.3 What are the major drivers influencing the growth of the satellite communication terminal market?

Answer: The major drivers for this market are growing demand from the military and defense industry, rising demand for satellite communication terminals across a variety of industries, including the internet of things, aviation, marine, enterprise, and broadband, as well as, rising need for enhanced operational efficiencies and air traffic control.

Q4. What are the major segments for satellite communication terminal market?

Answer: The future of the global satellite communication terminal market looks promising with opportunities in the military use and civil use markets.

Q5. Who are the key satellite communication terminal market companies?

Answer: Some of the key satellite communication terminal companies are as follows:

• L3Harris
• Viasat
• General Dynamics Mission Systems
• Thales Group
• Collins Aerospace
• Cobham Limited
• Honeywell
• Ball
• DataPath
• Hughes Network Systems

Q6. Which satellite communication terminal market segment will be the largest in future?

Answer: Lucintel forecasts that C band is expected to witness largest segment over the forecast period because it provides rapid data transmission and extensive coverage, delivering high-speed connectivity over longer distances compared to other frequencies.

Q7. In satellite communication terminal market, which region is expected to be the largest in next 5 years?

Answer: North America is expected to witness largest region over the forecast period due to growing demand for satellite broadband services along with the increasing satellite launches 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 satellite communication terminal market by type (C band, X band, S band, ku band, and ka band), application (military use and civil use), 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?