Satellite Communication Equipment Market Forecasts to 2030 - Global Analysis By Product, Frequency Band, Technology, Application, End User and By Geography

According to Stratistics MRC, the Global Satellite Communication (SATCOM) Equipment Market is accounted for $24.76 billion in 2024 and is expected to reach $40.38 billion by 2030 growing at a CAGR of 13.5% during the forecast period. Satellite Communication (SATCOM) Equipment refers to the hardware and systems designed to facilitate communication between ground-based stations and satellites in orbit. These devices enable the transmission and reception of data, voice, and video signals over vast distances, bypassing traditional terrestrial infrastructure limitations. These systems play a crucial role in various fields enabling global connectivity and facilitating data exchange across borders and remote regions.

According to studies by the EMEA Satellite Operators Association, satellites provide service to about 2.7 million devices.

Market Dynamics:

Driver:

Rising adoption of IoT and M2M communication

The rising adoption of IoT (Internet of Things) and M2M (Machine-to-Machine) communication increases the demand for reliable and scalable connectivity solutions. SATCOM equipment plays a crucial role in facilitating communication between IoT devices and M2M systems, especially in remote or inaccessible locations where traditional terrestrial networks are limited. As IoT applications expand across industries such as agriculture, transportation, and utilities, the need for satellite-based communication solutions grows, thereby fueling the demand for SATCOM equipment worldwide.

Restraint:

Spectrum congestion

Spectrum congestion in SATCOM equipment occurs due to the limited availability of radio frequency bands allocated for satellite communication amid increasing demand. The scarcity of spectrum inhibits the deployment of additional satellite networks and constrains the capacity of existing systems, leading to service degradation and potential conflicts among operators. Consequently, spectrum congestion poses challenges for meeting growing communication needs, hindering innovation and investment in the SATCOM equipment market.

Opportunity:

Expanding satellite fleet

The expansion of the satellite fleet propels the growth of the SATCOM equipment by increasing the capacity and coverage of satellite networks. As more satellites are launched and deployed into orbit, they enhance global connectivity, enabling broader access to communication services in remote, underserved, and mobile environments. This expansion not only improves the reliability and resilience of satellite communication systems but also stimulates demand for SATCOM equipment, including antennas, modems, and ground stations, to support the operation and utilization of the growing satellite infrastructure.

Threat:

High initial investment

SATCOM equipment entails a high initial investment due to the sophisticated technology required for satellite communication systems. This substantial upfront cost can deter potential users and hamper market growth, particularly for small businesses and developing regions with limited financial resources. It acts as a barrier to entry for new market players and inhibits the expansion of satellite communication services into underserved areas. Consequently, it limits market penetration, constrains revenue potential, and impedes the overall growth of the SATCOM equipment market.

Covid-19 Impact

The covid-19 pandemic has mixed impact on the Satellite Communication (SATCOM) Equipment Market. On one hand, disruptions in supply chains and reduced workforce availability have hindered manufacturing and deployment timelines. On the other hand, the increased demand for remote connectivity, fuelled by work-from-home arrangements and heightened reliance on digital communication, has driven a surge in satellite communication services. This has translated into a sustained demand for SATCOM equipment, particularly for applications like remote monitoring, telemedicine, and distance learning, thus mitigating some of the pandemic's adverse effects on the market.

The navigation & tracking segment is expected to be the largest during the forecast period

The navigation & tracking segment is estimated to have a lucrative growth. SATCOM equipment plays a crucial role in navigation & tracking applications by enabling real-time positioning, tracking, and navigation services across various sectors. SATCOM systems facilitate accurate location determination, route planning, and asset tracking even in remote or challenging environments where traditional terrestrial communication networks are unavailable. This capability ensures enhanced safety, efficiency, and operational effectiveness in navigation and tracking operations worldwide.

The media & entertainment segment is expected to have the highest CAGR during the forecast period

The media & entertainment segment is anticipated to witness the highest CAGR growth during the forecast period. SATCOM equipment enables broadcasters and content providers to deliver high-quality audiovisual content, including live events, news, and entertainment, to diverse geographic locations. They offer reliable and scalable transmission capabilities, ensuring uninterrupted delivery of content to viewers, whether in urban centers or remote regions, thus playing a pivotal role in the global media and entertainment industry.

Region with largest share:

Asia Pacific is projected to hold the largest market share during the forecast period driven by increasing demand for connectivity in remote areas, rapid urbanization, and expanding maritime and aviation industries. The region's burgeoning economies, such as China, India, and Southeast Asian countries, are investing heavily in satellite infrastructure to address communication needs. Furthermore, government initiatives promoting digital inclusion and advancements in satellite technology are propelling market expansion.

Region with highest CAGR:

North America is projected to have the highest CAGR over the forecast period. The region's extensive use of satellite communication for military, government, commercial, and consumer applications has spurred demand for advanced SATCOM equipment. Additionally, the proliferation of high-throughput satellites (HTS) and the expansion of satellite internet services have further fuelled market expansion. Despite COVID-19 pandemic, the resilience of the North American economy coupled with ongoing investments in satellite infrastructure and technology innovation continue to underpin the growth trajectory of the SATCOM equipment market in the region.

Key players in the market

Some of the key players profiled in the Satellite Communication (SATCOM) Equipment Market include L3 Technologies Inc., Telesat LLC, General Dynamics Corporation, Cobham Limited, Qualcomm Technologies Inc., Honeywell International Inc., Boeing Company, Hughes Network Systems LLC, ST Engineering iDirect Inc., Thales Group, Raytheon Technologies Corporation, Planet Labs Inc., OneWeb Satellites, AAC Clyde Space AB, Spaceflight Industries, Satellogic, Spire Global Inc., Maxar Technologies Inc., Thuraya Telecommunications Company, EchoStar Corporation.

Key Developments:

In October 2023, Honeywell unveiled JetWaveTM X, a next-generation high-speed in-flight connectivity solution optimized for the business aviation industry. Honeywell's JetWaveTM SATCOM system is easier to install and having greater service network flexibility, with the capability to connect to any Viasat Ka-band satellite.

In May 2023, L3Harris Technologies has introduced a new S-band Multimode Transponder for satellite communication applications. The C/TT-520 from L3Harris is an S-Band multimode transponder that provides full-duplex communications with a variety of NASA networks and protocols. It leverages the latest available technologies, traditionally tested and screened in accordance with EEE Level 2 parts program methods.

Products Covered:

• Satellite Phones
• SATCOM Transceivers
• SATCOM Antennas
• Modems/Routers
• SATCOM Terminals
• SATCOM Receivers
• SATCOM Amplifiers
• Gateways & Hubs
• Other Products

Frequency Bands Covered:

• L-band
• C-band
• X-band
• Ku-band
• Ka-band
• S-band

Technologies Covered:

• Very Small Aperture Terminal (VSAT)
• Mobile Satellite Services (MSS)
• Broadcast Satellite Services (BSS)
• Fixed Satellite Services (FSS)
• Earth Observation Satellite (EOS)
• Other Technologies

Applications Covered:

• Voice Communication
• Data Communication
• Broadcasting
• Remote Sensing
• Navigation & Tracking
• Other Applications

End Users Covered:

• Aerospace & Defense
• Telecommunications
• Government & Public Safety
• Media & Entertainment
• Other End Users

Regions Covered:

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • Italy
  • France
  • Spain
  • Rest of Europe
• Asia Pacific
  • Japan
  • China
  • India
  • Australia
  • New Zealand
  • South Korea
  • Rest of Asia Pacific
• South America
  • Argentina
  • Brazil
  • Chile
  • Rest of South America
• Middle East & Africa
  • Saudi Arabia
  • UAE
  • Qatar
  • South Africa
  • Rest of Middle East & Africa

What our report offers:

• Market share assessments for the regional and country-level segments
• Strategic recommendations for the new entrants
• Covers Market data for the years 2022, 2023, 2024, 2026, and 2030
• Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
• Strategic recommendations in key business segments based on the market estimations
• Competitive landscaping mapping the key common trends
• Company profiling with detailed strategies, financials, and recent developments
• Supply chain trends mapping the latest technological advancements

Free Customization Offerings:

All the customers of this report will be entitled to receive one of the following free customization options:

• Company Profiling
  • Comprehensive profiling of additional market players (up to 3)
  • SWOT Analysis of key players (up to 3)
• Regional Segmentation
  • Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
  • Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances