Satellite Communication (SATCOM) Market

Satellite Communication (SATCOM) Market Analysis, Business Development, Size, Share, Trends, Future Growth, Forecast to 2030

Satellite Communication market (SATCOM) is set to acquire stimulus from the popularity for little satellites in a great many areas, like oil and gas, energy, horticulture, and structural designing with the end goal of earth perception. In April 2021, for example, China Great Wall Industry Corp. conveyed nine little satellites through the Long March 6 rocket in space for confirming advances for between satellite laser correspondences and independent mission arranging, as well as getting climate remote detecting pictures.

Satellite Communication (SATCOM) Market is valued at USD 80.33 billion in 2022 and is projected to reach a value of USD 169.70 billion in 2030 expanding at a CAGR of 9.8% over the forecast period of 2022-2030.

The increasing interest in IoT in the avionics business for various objectives, such as aeroplane network, carriers, air traffic executives, and MRO the board, is predicted to increase the market development of global Satellite Communication by the figure period. Interconnectivity in flight applications for IoT-based gadgets and administrations necessitates the exchange of ongoing data to the handling units, which is critical for the improvement of various activities in the avionics business. The Global Satellite Communication (SATCOM) Market study provides an in-depth analysis of the market. The paper provides a comprehensive evaluation of major components, patterns, drivers, restrictions, serious scene, and variables that are playing a big role in the hunt.

REQUEST FOR A FREE SAMPLE:- https://wemarketresearch.com/sample-request/satellite-communication-(satcom)-market/197/

Global Satellite Communication (Satcom) Market: Key Trends

Rise In Increase Of Things (Iot) And Autonomous System

One of the major factor that has fuelled the market growth is the rise in IoT and autonomous system over the forecast period. This is because, the merging applications and business models and falling device costs have been instrumental in driving IoT adoption, which has consequently increased the number of connected devices and endpoints globally. This has fuelled the market growth.

Cybersecurity Acts As A Major Concern

The major concern to the global satellite communication market is the cybersecurity. This is because the entire process of launching a satellite to transmit data is highly sensitive. The major challenge lies in the negative impact that the cybersecurity threats can potentially make as the vulnerabilities are mission-critical.

Segmental Analysis

Based On Component:

  • Equipment
  • SATCOM Transmitter/Transponder
  • SATCOM Antenna
  • SATCOM Transceiver
  • SATCOM Receiver
  • SATCOM Modem/Router
  • Others
  • Services

The equipment segment has dominated the market growth over the forecast period.

Based On Application:

  • Asset Tracking/Monitoring
  • Airtime
  • M2M
  • Voice
  • Data
  • Drones Connectivity
  • Data Backup and Recovery
  • Navigation and Monitoring
  • Tele-medicine
  • Broadcasting
  • Others

Competitive Landscape

Some of the major companies operating in the market are SES S.A.; Viasat, Inc.; Intelsat; Telesat; EchoStar Corporation; L3 Technologies, Inc.; Thuraya Telecommunications Company; SKY Perfect JSAT Group; GILAT SATELLITE NETWORKS; Cobham Limited.

Interested in purchasing this Report:- https://wemarketresearch.com/purchase/satellite-communication-(satcom)-market/197/?license=single

Frequently Asked Questions

  1. What is the projected market size & growth rate of the Satellite Communication (SATCOM) Market?
  2. What are the key driving factors for the growth of the Satellite Communication (SATCOM) Market?
  3. What are the top players operating in the Satellite Communication (SATCOM) Market?
  4. What segments are covered in the SATCOM Market?
  5. How can I get a sample report/company profiles for the Satellite Communication Market?

About We Market Research

WE MARKET RESEARCH is an established market analytics and research firm with a domain experience sprawling across different industries. We have been working on multi-county market studies right from our inception. Over the time, from our existence, we have gained laurels for our deep rooted market studies and insightful analysis of different markets.

Our strategic market analysis and capability to comprehend deep cultural, conceptual and social aspects of various tangled markets has helped us make a mark for ourselves in the industry. WE MARKET RESEARCH is a frontrunner in helping numerous companies; both regional and international to successfully achieve their business goals based on our in-depth market analysis. Moreover, we are also capable of devising market strategies that ensure guaranteed customer bases for our clients.

Contact Us:

We Market Research

Phone: +1(929)-450-2887

Email: sales@wemarketresearch.com

Web: https://wemarketresearch.com/

Leave a Reply

Your email address will not be published.

Natural Gas Generator Market Previous post Natural Gas Generator Market Growth, Size, Analysis, Outlook by Trends, Opportunities and Forecast to 2030
Solar Powered UAV Market Next post Solar Powered UAV Market Growth, Size, Share, Analysis, Outlook by Trends, Opportunities and Forecast to 2030