PUBLISHER: The Insight Partners | PRODUCT CODE: 1375118
PUBLISHER: The Insight Partners | PRODUCT CODE: 1375118
Europe satellite communication terminal market is expected to grow from US$ 968.49 million in 2023 to US$ 1,413.76 million by 2028. It is estimated to grow at a CAGR of 7.9% from 2023 to 2028.
Increasing Demand for Defence Satellite Communication Solutions Fuels Europe Satellite Communication Terminal Market
The requirement for satellite communication terminals is increasing in the defense sector in various countries across the region. One of the main reasons for the growing demand is the rising military spending of numerous nations. Germany's defense spending in 2023 amounts to US$ 55.40 billion (EUR 50.1 billion), which is a decline of 0.6% compared to 2023 but increased by US$ 3.19 billion (EUR 2.76 billion) compared to 2021. The demand for phased array antenna systems is increasing in high-speed data communication in aircraft and respective maritime and airborne applications.
Under this contract, the agency selected Get SAT's Milli SAT EX Ka-band terminal, which is a compact all-in-one communications-on-the-move (COTM) Ka-band solution. This satellite terminal is designed to meet mission-critical requirements of C-130 airborne applications without requiring any modifications to the aircraft. The terminal offers an optimized for voice, video, and data transmission and provides high bandwidth data throughput exceeding 30 Mbps with HTS satellites. Thus, the rising demand for defense satellite communication solutions drives the requirement for various satellite communication terminals.
Europe Satellite Communication Terminal Market Overview
The European satellite communication terminal market is segmented into Germany, France, the UK, Italy, Russia, and the Rest of Europe. The region is characterized by high GDP, high GDP per capita, a high standard of living, favorable economic policies, vast industrialization, an aging population, and a positive outlook for the adoption of new technology. Western European countries heavily emphasize the use of advanced technologies for satellite communication terminals compared to Eastern European countries. Telecommunications, enterprise & broadband, land mobility, remote sensing & earth observation, aviation, and aerospace are some domains that contribute to the growth of the satellite communication terminal market in the region. The service providers in Europe understand the increasing relevance of the 6 GHz spectrum. The region is set to target the 6 GHz band as it is crucial for future capacity needs and growth. The telecommunication industry involves the significant use of satellite communication terminals. Expanding telecommunication, defense, and aerospace sectors drive the Europe satellite communication terminal market .
Europe Satellite Communication Terminal Market Revenue and Forecast to 2028 (US$ Million)
Europe Satellite Communication Terminal Market Segmentation
The Europe satellite communication terminal market is segmented into classification, application, satellite type, and country.
Based on classification, the market is sub segmented into C band, X band, S band, Ku band, and Ka band. The X band segment registered the largest market share in 2023.
Based on application, the market is segmented into military use and civil use. The military use segment held a larger market share in 2023.
Based on satellite type, the market is segmented into GEO, MEO, and LEO. The GEO segment held the largest market share in 2023.
Based on country, the market is segmented into Germany, France, Italy, the UK, Russia, and the Rest of Europe. Russia dominated the market share in 2023.
Airbus SE, AVL Technologies, Collins Aerospace, General Dynamics Mission Systems Inc, Gilat Satellite Networks Ltd., Honeywell International Inc, L3Harries Technologies Inc, NEC Corp, Singapore Technologies Engineering Ltd, Thales SA, and Viasat Inc are the leading companies operating in the satellite communication terminal market in the region.