Satellite Communication (SATCOM) Equipment

Satellite Communication (SATCOM) Equipment

Global Satellite Communication (SATCOM) Equipment Market to Reach $111 Billion by 2030
In the changed post COVID-19 business landscape, the global market for Satellite Communication (SATCOM) Equipment estimated at US$25.7 Billion in the year 2022, is projected to reach a revised size of US$111 Billion by 2030, growing at aCAGR of 20.1% over the period 2022-2030. Maritime, one of the segments analyzed in the report, is projected to record 23% CAGR and reach US$44.6 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Land Mobile segment is readjusted to a revised 20.4% CAGR for the next 8-year period.

The U.S. Market is Estimated at $7.7 Billion, While China is Forecast to Grow at 18.8% CAGR
The Satellite Communication (SATCOM) Equipment market in the U.S. is estimated at US$7.7 Billion in the year 2022. China, the world`s second largest economy, is forecast to reach a projected market size of US$18.2 Billion by the year 2030 trailing a CAGR of 18.8% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 18.4% and 16.9% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 14.2% CAGR.Select Competitors (Total 41 Featured) - Aselsan A.S.AvL TechnologiesCampbell Scientific Inc.Cobham PLCGeneral Dynamics CorporationGilat Satellite NetworksHarris CorporationHolkirk Communications Ltd.Hughes Network Systems LLCIntellian Technologies Inc.Iridium Communications, Inc.L3 Technologies, Inc.ND SatCom GmbHNetwork Innovations Inc.Newtec Cy NVSatcom Global Ltd.ViaSat, Inc.Please note: Reports are sold as single-site single-user licenses. Electronic versions require 24-48 hours as each copy is customized to the client with digital controls and custom watermarks. The Publisher uses digital controls protecting against copying and printing is restricted to one full copy to be used at the same location.

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