$53.79 Billion SATCOM Equipment Markets by 2027


Reading time ( words)

Global satellite dommunication (SATCOM) Equipment market accounted for $22.08 billion in 2018 and is expected to reach $53.79 billion by 2027 growing at a CAGR of 10.4% during the forecast period.

Growing demand in the aviation industry and rising need for uninterrupted communication in various industries are the major key factors driving market growth. Moreover, the growing usage of cloud-based services for ground mobility platform will provide ample opportunities for market growth. However, high component and manufacturing cost may hamper market growth.

Communications via satellite are the superior reliability unlike other forms of communication and provide superior performance as uniformity and speed. SATCOM consists of mainly an antenna, communication payload, transponder, switching systems, command, and control system. SATCOM equipment or satellite communication equipment are extensively used in a wide range of applications, including weather monitoring, telecommunications, navigation, military surveillance, etc.

On the basis of Technology, SATCOM Automatic Identification System has growing importance due to the increasing demand for a better identification system in maritime due to increasing maritime traffic. Satellite AIS is a vessel identification system used for collision avoidance, identification, location information.

By geography, Asia Pacific going to have a lucrative growth during the forecast period owing to the rising usage of satellite antennas in automobiles and growing R&D activities related to SATCOM equipment in China and India.

Share

Print


Suggested Items

Worldwide Semiconductor Equipment Billings at $13.3 Billion in 2Q19; Down 20%

09/12/2019 | SEMI
Worldwide semiconductor manufacturing equipment billings reached $13.3 billion in the second quarter of 2019, down 20% from the same quarter of 2018 and 3% from than the previous quarter.

Uncertainties in the Market Rise while a Bounce in NAND Flash Prices Remains Unlikely in 3Q

06/20/2019 | TrendForce
According to the latest investigations by DRAMeXchange, a division of TrendForce, demand for smartphones and servers go below expected levels in 2019 as the US-China trade dispute heats up.

Telecom (Compute and Storage) Infrastructure Market to Reach $16.35B in 2022

09/03/2018 | IDC
A new forecast from IDC sizes the market for compute and storage infrastructure for Telecoms at nearly $10.81 billion in 2017. However, as Telecoms aggressively build out their infrastructure, IDC projects this market to see a healthy five-year compound annual growth rate (CAGR) of 6.2% with purchases totaling $16.35 billion in 2022.



Copyright © 2020 I-Connect007. All rights reserved.