The SatCom terminal market, as per Future Market Insights (FMI), is slated to attain US$ 9.53 billion by the end of 2023. The market is predicted to trail at a CAGR of 6.7% over the forecast period, reaching US$ 18.22 billion by 2033. Factors propelling the market growth include:
Market Growth Obstructors:
| Report Attributes | Details |
|---|---|
| SatCom Terminal Market Value (2023) | US$ 9.53 billion |
| SatCom Terminal Market Forecast Value (2033) | US$ 18.22 billion |
| SatCom Terminal Market CAGR (2023 to 2033) | 6.7% |
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The SatCom terminal market was valued at US$ 8.93 billion in 2022. In the historical period, the market has been driven by rising demand for small satellites for earth observation activities to cater to the oil & gas, energy, and agriculture sectors. In addition to this, the rising demand for mobile satellite services has also contributed to market development. The aforementioned factors are projected to continue favoring the market growth in the years to come.
The revival of interest in SatCom, fostered by accelerating investments and increasing demand for global connectivity, is supporting market growth. Additionally, the market is also positively influenced by the recent developments observed in Space Tech. The SatCom terminal industry, as a result, is projected to transcend the niche market status to play a bigger role in modern communications in the upcoming years.
The SatCom terminal industry is anticipated to reach US$ 9.53 billion in 2023. The market is expected to assume a CAGR of 6.7% between 2023 and 2033, to attain US$ 18.22 billion by 2033. Future Market Insights outlines the industry growth in different timelines.
| Duration | Market Analysis |
|---|---|
| Short-term Growth (2022 to 2025) | The market is anticipated to stand at a valuation of US$ 10.85 billion by 2025. The market is geared to observe healthy growth in the predicted period due to the availability of distinct products, a large number of manufacturers, and technological innovations going on in the market. Such developments in the market are expected to propel the demand for SatCom terminals and services in the next few years. |
| Medium-term Growth (2025 to 2028) | By 2028 end, the market is estimated to surpass market worth of US$ 13.18 billion. The demand for SatCom terminals is predicted to be led by next-gen unified and resilient military space network. Authorities, such as the United States Department of Defense (DoD), are looking out for more robust satellite communication (SatCom) networks to accomplish missions on an extremely contested battlefield. Decision makers and soldiers require always-available and uninterrupted SatCom in disputed environments. As a result, the application of SatCom terminal is expected to expand over the forecast period. |
| Long-term Growth (2028 to 2033) | The market is expected to amass a total of US$ 18.22 billion by 2033. In the long run, the market is expected to be invigorated by the investment strategies employed by government authorities in different countries. Furthermore, space exploration projects are also expected to contribute to market development. The adoption of satellite communication terminal is further expected to enhance on account of potential research and development activities that are anticipated to be executed in the coming years. |
Principal Consultant
The X band segment, on the basis of type, has been accounting for the dominant market share in the historical period. Moving forward, the segment is expected to garner lion’s share in the forecast period as well. Rising utilization of X band for satellite communications, radar, and wireless computer networks is catalyzing segment growth. Advanced models of X band are engineered to offer ultimate flexibility to customers, as the system is developed to facilitate ground-based or airborne communications for on-the-move applications.
On the basis of application, the military use segment is projected to seize a large market share. The military use segment generates a significant amount of revenue currently and is expected to build up as the year progress. Increasing demand for SatCom terminals for a reliable and secure method of communication, which is necessary for military operations, is expected to accelerate the segment’s growth. The extensive application spectrum of SatCom terminals in military operations, including data and voice communications, GPS navigation, and video conferencing, is propelling the market growth.
Challenging military missions necessitate high-performance tracking, on-demand communications, and high-level connectivity. As a result, SatCom terminals are witnessing heightened demand. Many countries are deploying SatCom terminals to better the country’s defense and military competency.
The United States SatCom terminal industry is expected to account for a significant market share in the stipulated time frame. Key drivers aiding the market growth include robust adoption of Space Tech and surging governmental expenditure. Additionally, product and technological innovation in the market is predicted to propel market development in the United States. Further, the governmental efforts reflected in increased investments in SatCom terminals to accelerate surveillance and defense capabilities of the armed forces are expected to yield market growth.
The rising utility of SatCom terminals by law enforcement agencies and military platforms is stimulating market growth. In August 2020, the United States Special Operations Command or USSOCOM rewarded Cubic Mission Solutions (CMS) a single-award, follow-on, indefinite-delivery/ indefinite-quantity (ID/IQ) with a limit of US$ 172 million. The contract has been rewarded for the delivery of Ground Area Transmit Receive (GATR) to support the communication requirements of Special Operations Forces (SOF).
The Germany SatCom terminal industry is expected to observe healthy growth in the coming years. The market is expected to be driven by the increasing passenger traffic in coastal and marine tourism. Additionally, infrastructural modernization is also propelling market development over the forecast period. The demand for SatCom terminals is also rising due to increasing 5G installations across the globe. As a result, demand for Low Earth Orbit (LEO) satellites has increased to offer backhaul networks for inaccessible routes.
Technological advancements in Geostationary (GEO) satellites and LEO spacecraft to minimize latency in SatCom are pushing the satellite communication terminal market. Moreover, satellite communication for use in the military sector requires advanced security, which has pushed military SatCom providers to better their solutions to cater to the rising demand from the defense and military industry in the forecast period.
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The key players in the market are striving for steadfast growth, to contribute towards the industry growth. Several market strategies employed by key participants include acquisitions, mergers, and market initiatives to position themselves at the top. Players are also relentlessly making efforts to gain contracts and develop new products to cater to the evolving demands of commercial, defense and space, and homeland security users, which is contributing towards market development.
New Developments Shaping up the SatCom Terminal Market:
| Attribute | Details |
|---|---|
| Forecast Period | 2023 to 2033 |
| Historical Data Available for | 2018 to 2022 |
| Market Analysis | US$ million for Value |
| Key Regions Covered | North America; Latin America; Europe; East Asia; South Asia; Middle East & Africa; & Oceania |
| Key Countries Covered | The United States, Canada, Germany, The United Kingdom, France, Italy, NORDICS, Spain, Russia, Poland, BENELUX, China, Japan, India, ASEAN, Oceania, South Korea, Brazil, Mexico, Argentina, GCC Countries, South Africa, Northern Africa, Türkiye |
| Key Segments Covered | Type, Application, and Region |
| Key Companies Profiled | L3Harris; Viasat; General Dynamics Mission Systems; Thales Group; Collins Aerospace; Cobham Limited; Honeywell; Ball Corporation; DataPath; Hughes Network Systems; AIRBUS; Orbit Communications Systems; ST Engineering iDirect, Inc.; ND SatCom; AvL Technologies; IDS Ingegneria Dei Sistemi S.p.A.; Hwa Create; NEC Corporation; C-COM Satellite Systems; Paradigm Communication Systems; Get SAT; Isotropic Systems |
| Report Coverage | Market Forecast, Company Share Analysis, Competition Intelligence, DROT Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives |
| Customization & Pricing | Available upon Request |
The market is valued at US$ 9.5 billion in 2023.
The market’s CAGR from 2023 to 2033 will be 6.7%.
L3Harris, Viasat, and Thales Group are key market players.
Increasing demand from media and entertainment to boost the growth.
The market will reach US$ 18.2 billion by 2033.
1. Executive Summary | SatCom Terminal Market 1.1. Global Market Outlook 1.2. Demand-side Trends 1.3. Supply-side Trends 1.4. Technology Roadmap Analysis 1.5. Analysis and Recommendations 2. Market Overview 2.1. Market Coverage / Taxonomy 2.2. Market Definition / Scope / Limitations 3. Market Background 3.1. Market Dynamics 3.1.1. Drivers 3.1.2. Restraints 3.1.3. Opportunity 3.1.4. Trends 3.2. Scenario Forecast 3.2.1. Demand in Optimistic Scenario 3.2.2. Demand in Likely Scenario 3.2.3. Demand in Conservative Scenario 3.3. Opportunity Map Analysis 3.4. Investment Feasibility Matrix 3.5. PESTLE and Porter’s Analysis 3.6. Regulatory Landscape 3.6.1. By Key Regions 3.6.2. By Key Countries 3.7. Regional Parent Market Outlook 4. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033 4.1. Historical Market Size Value (US$ Million) Analysis, 2018 to 2022 4.2. Current and Future Market Size Value (US$ Million) Projections, 2023 to 2033 4.2.1. Y-o-Y Growth Trend Analysis 4.2.2. Absolute $ Opportunity Analysis 5. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Classification 5.1. Introduction / Key Findings 5.2. Historical Market Size Value (US$ Million) Analysis By Classification, 2018 to 2022 5.3. Current and Future Market Size Value (US$ Million) Analysis and Forecast By Classification, 2023 to 2033 5.3.1. C Band 5.3.2. X Band 5.3.3. S Band 5.3.4. Ku Band 5.3.5. Ka Band 5.4. Y-o-Y Growth Trend Analysis By Classification, 2018 to 2022 5.5. Absolute $ Opportunity Analysis By Classification, 2023 to 2033 6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Application 6.1. Introduction / Key Findings 6.2. Historical Market Size Value (US$ Million) Analysis By Application, 2018 to 2022 6.3. Current and Future Market Size Value (US$ Million) Analysis and Forecast By Application, 2023 to 2033 6.3.1. Military Use 6.3.2. Civil Use 6.4. Y-o-Y Growth Trend Analysis By Application, 2018 to 2022 6.5. Absolute $ Opportunity Analysis By Application, 2023 to 2033 7. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region 7.1. Introduction 7.2. Historical Market Size Value (US$ Million) Analysis By Region, 2018 to 2022 7.3. Current Market Size Value (US$ Million) Analysis and Forecast By Region, 2023 to 2033 7.3.1. North America 7.3.2. Latin America 7.3.3. Europe 7.3.4. South Asia 7.3.5. East Asia 7.3.6. Oceania 7.3.7. MEA 7.4. Market Attractiveness Analysis By Region 8. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 8.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2018 to 2022 8.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2023 to 2033 8.2.1. By Country 8.2.1.1. USA 8.2.1.2. Canada 8.2.2. By Classification 8.2.3. By Application 8.3. Market Attractiveness Analysis 8.3.1. By Country 8.3.2. By Classification 8.3.3. By Application 8.4. Key Takeaways 9. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 9.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2018 to 2022 9.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2023 to 2033 9.2.1. By Country 9.2.1.1. Brazil 9.2.1.2. Mexico 9.2.1.3. Rest of Latin America 9.2.2. By Classification 9.2.3. By Application 9.3. Market Attractiveness Analysis 9.3.1. By Country 9.3.2. By Classification 9.3.3. By Application 9.4. Key Takeaways 10. Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 10.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2018 to 2022 10.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2023 to 2033 10.2.1. By Country 10.2.1.1. Germany 10.2.1.2. United Kingdom 10.2.1.3. France 10.2.1.4. Spain 10.2.1.5. Italy 10.2.1.6. Rest of Europe 10.2.2. By Classification 10.2.3. By Application 10.3. Market Attractiveness Analysis 10.3.1. By Country 10.3.2. By Classification 10.3.3. By Application 10.4. Key Takeaways 11. South Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 11.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2018 to 2022 11.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2023 to 2033 11.2.1. By Country 11.2.1.1. India 11.2.1.2. Malaysia 11.2.1.3. Singapore 11.2.1.4. Thailand 11.2.1.5. Rest of South Asia 11.2.2. By Classification 11.2.3. By Application 11.3. Market Attractiveness Analysis 11.3.1. By Country 11.3.2. By Classification 11.3.3. By Application 11.4. Key Takeaways 12. East Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 12.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2018 to 2022 12.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2023 to 2033 12.2.1. By Country 12.2.1.1. China 12.2.1.2. Japan 12.2.1.3. South Korea 12.2.2. By Classification 12.2.3. By Application 12.3. Market Attractiveness Analysis 12.3.1. By Country 12.3.2. By Classification 12.3.3. By Application 12.4. Key Takeaways 13. Oceania Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 13.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2018 to 2022 13.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2023 to 2033 13.2.1. By Country 13.2.1.1. Australia 13.2.1.2. New Zealand 13.2.2. By Classification 13.2.3. By Application 13.3. Market Attractiveness Analysis 13.3.1. By Country 13.3.2. By Classification 13.3.3. By Application 13.4. Key Takeaways 14. MEA Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 14.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2018 to 2022 14.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2023 to 2033 14.2.1. By Country 14.2.1.1. GCC Countries 14.2.1.2. South Africa 14.2.1.3. Israel 14.2.1.4. Rest of MEA 14.2.2. By Classification 14.2.3. By Application 14.3. Market Attractiveness Analysis 14.3.1. By Country 14.3.2. By Classification 14.3.3. By Application 14.4. Key Takeaways 15. Key Countries Market Analysis 15.1. USA 15.1.1. Pricing Analysis 15.1.2. Market Share Analysis, 2022 15.1.2.1. By Classification 15.1.2.2. By Application 15.2. Canada 15.2.1. Pricing Analysis 15.2.2. Market Share Analysis, 2022 15.2.2.1. By Classification 15.2.2.2. By Application 15.3. Brazil 15.3.1. Pricing Analysis 15.3.2. Market Share Analysis, 2022 15.3.2.1. By Classification 15.3.2.2. By Application 15.4. Mexico 15.4.1. Pricing Analysis 15.4.2. Market Share Analysis, 2022 15.4.2.1. By Classification 15.4.2.2. By Application 15.5. Germany 15.5.1. Pricing Analysis 15.5.2. Market Share Analysis, 2022 15.5.2.1. By Classification 15.5.2.2. By Application 15.6. United Kingdom 15.6.1. Pricing Analysis 15.6.2. Market Share Analysis, 2022 15.6.2.1. By Classification 15.6.2.2. By Application 15.7. France 15.7.1. Pricing Analysis 15.7.2. Market Share Analysis, 2022 15.7.2.1. By Classification 15.7.2.2. By Application 15.8. Spain 15.8.1. Pricing Analysis 15.8.2. Market Share Analysis, 2022 15.8.2.1. By Classification 15.8.2.2. By Application 15.9. Italy 15.9.1. Pricing Analysis 15.9.2. Market Share Analysis, 2022 15.9.2.1. By Classification 15.9.2.2. By Application 15.10. India 15.10.1. Pricing Analysis 15.10.2. Market Share Analysis, 2022 15.10.2.1. By Classification 15.10.2.2. By Application 15.11. Malaysia 15.11.1. Pricing Analysis 15.11.2. Market Share Analysis, 2022 15.11.2.1. By Classification 15.11.2.2. By Application 15.12. Singapore 15.12.1. Pricing Analysis 15.12.2. Market Share Analysis, 2022 15.12.2.1. By Classification 15.12.2.2. By Application 15.13. Thailand 15.13.1. Pricing Analysis 15.13.2. Market Share Analysis, 2022 15.13.2.1. By Classification 15.13.2.2. By Application 15.14. China 15.14.1. Pricing Analysis 15.14.2. Market Share Analysis, 2022 15.14.2.1. By Classification 15.14.2.2. By Application 15.15. Japan 15.15.1. Pricing Analysis 15.15.2. Market Share Analysis, 2022 15.15.2.1. By Classification 15.15.2.2. By Application 15.16. South Korea 15.16.1. Pricing Analysis 15.16.2. Market Share Analysis, 2022 15.16.2.1. By Classification 15.16.2.2. By Application 15.17. Australia 15.17.1. Pricing Analysis 15.17.2. Market Share Analysis, 2022 15.17.2.1. By Classification 15.17.2.2. By Application 15.18. New Zealand 15.18.1. Pricing Analysis 15.18.2. Market Share Analysis, 2022 15.18.2.1. By Classification 15.18.2.2. By Application 15.19. GCC Countries 15.19.1. Pricing Analysis 15.19.2. Market Share Analysis, 2022 15.19.2.1. By Classification 15.19.2.2. By Application 15.20. South Africa 15.20.1. Pricing Analysis 15.20.2. Market Share Analysis, 2022 15.20.2.1. By Classification 15.20.2.2. By Application 15.21. Israel 15.21.1. Pricing Analysis 15.21.2. Market Share Analysis, 2022 15.21.2.1. By Classification 15.21.2.2. By Application 16. Market Structure Analysis 16.1. Competition Dashboard 16.2. Competition Benchmarking 16.3. Market Share Analysis of Top Players 16.3.1. By Regional 16.3.2. By Classification 16.3.3. By Application 17. Competition Analysis 17.1. Competition Deep Dive 17.1.1. Airbus 17.1.1.1. Overview 17.1.1.2. Product Portfolio 17.1.1.3. Profitability by Market Segments 17.1.1.4. Sales Footprint 17.1.1.5. Strategy Overview 17.1.1.5.1. Marketing Strategy 17.1.2. AVL Technologies 17.1.2.1. Overview 17.1.2.2. Product Portfolio 17.1.2.3. Profitability by Market Segments 17.1.2.4. Sales Footprint 17.1.2.5. Strategy Overview 17.1.2.5.1. Marketing Strategy 17.1.3. Collins Aerospace 17.1.3.1. Overview 17.1.3.2. Product Portfolio 17.1.3.3. Profitability by Market Segments 17.1.3.4. Sales Footprint 17.1.3.5. Strategy Overview 17.1.3.5.1. Marketing Strategy 17.1.4. General Dynamics Mission Systems, Inc. 17.1.4.1. Overview 17.1.4.2. Product Portfolio 17.1.4.3. Profitability by Market Segments 17.1.4.4. Sales Footprint 17.1.4.5. Strategy Overview 17.1.4.5.1. Marketing Strategy 17.1.5. Honeywell International Inc. 17.1.5.1. Overview 17.1.5.2. Product Portfolio 17.1.5.3. Profitability by Market Segments 17.1.5.4. Sales Footprint 17.1.5.5. Strategy Overview 17.1.5.5.1. Marketing Strategy 17.1.6. L3Harris Technologies, Inc. 17.1.6.1. Overview 17.1.6.2. Product Portfolio 17.1.6.3. Profitability by Market Segments 17.1.6.4. Sales Footprint 17.1.6.5. Strategy Overview 17.1.6.5.1. Marketing Strategy 17.1.7. NEC Corporation 17.1.7.1. Overview 17.1.7.2. Product Portfolio 17.1.7.3. Profitability by Market Segments 17.1.7.4. Sales Footprint 17.1.7.5. Strategy Overview 17.1.7.5.1. Marketing Strategy 17.1.8. ST Engineering 17.1.8.1. Overview 17.1.8.2. Product Portfolio 17.1.8.3. Profitability by Market Segments 17.1.8.4. Sales Footprint 17.1.8.5. Strategy Overview 17.1.8.5.1. Marketing Strategy 17.1.9. Thales Group 17.1.9.1. Overview 17.1.9.2. Product Portfolio 17.1.9.3. Profitability by Market Segments 17.1.9.4. Sales Footprint 17.1.9.5. Strategy Overview 17.1.9.5.1. Marketing Strategy 17.1.10. Viasat, Inc. 17.1.10.1. Overview 17.1.10.2. Product Portfolio 17.1.10.3. Profitability by Market Segments 17.1.10.4. Sales Footprint 17.1.10.5. Strategy Overview 17.1.10.5.1. Marketing Strategy 18. Assumptions & Acronyms Used 19. Research Methodology
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SatCom Terminal Market
