In past few years, satellite antenna market has gained an enormous interest due to improvement in the wireless communication technology. Antennas perform the most elementary function of wireless communication i.e. transmission and reception.
The growth in the space industry is one of the major factor fueling the growth of the satellite antenna market. Rise in increase in number of space exploration missions, cost-effective satellite launch operations, and rising demand for satellite aided warfare and improved deployment of small satellites are the major factors which are driving the growth of the market.
Furthermore, the increasing demand of wireless and mobile communication has been accelerating the development and demand of satellite antenna in the telecommunication industry.
Satellite antenna is a device which is designed to receive or transmit information by radio waves to or from a communication device. Antennas convert electrical energy into EM energy during transmission and vice-versa during reception. Wireless communication has made satellite antenna an indispensable component in the telecommunication and space sector.
Moreover, with the rising initiatives taken towards the digitalization and continuous rise in usage of satellite components and antennas for various applications such as climatic, weather forecasting, and deforestation is fueling the growth of the satellite antenna market.
Drivers
The development in telecommunication and space technology is the primary factor which is driving the growth of satellite antenna market. Also, changing space infrastructure, and increase in demand for satellites and growing trend using off-the-shelf CubeSats and reusable rocket technology is further expected to drive the growth of the satellite antenna market. In addition, the increase in usage of parabolic reflector antennas by industries such as telecommunication & broadcast as well as scientific research are the factors fueling the growth of the market.
Apart from this, the increase in demand for antennas with noise free commutation which are suitable for defense applications is also one of the primary factors which is fueling the growth of the market.
Challenges
Poor transmission of signals in satellites antennas and radio spectrum availability issues are the primary factors which are expected to hamper the growth of the satellite antenna market in the near future. Moreover, the scarcities of qualified workforce and issues with the availability of radio spectrum are the major challenges in the growth of the satellite antenna market.
Key Players
The prominent players in satellite antenna market are: General Dynamics Corporation, Airbus Defence and Space, Mitsubishi Electric Corporation, Harris Corporation, Gilat Satellite Networks, Macdonald, Cobham PLC, Honeywell International Inc., and Elite Antennas Ltd.
On the geographic basis, North America is anticipated to capture largest market share, owing to the well developed and established space and telecommunication industries, and higher adoption of satellite antenna for defence applications in the region.
Europe and APAC are also expected to gain substantial market share due to the rapid infrastructural development and increase in number of satellite launches and development in space infrastructure in the region. Also, APAC is expected to be the fastest growing satellite antenna market owing to the government initiatives taken towards the improvement of space and telecommunication sector by the emerging economies such as India, China, and Japan.
The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geographies, application, and industry.
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
Segmentation of Satellite Antenna market on the basis of frequency band:
Segmentation of Satellite Antenna market on the basis of antenna type:
Segmentation of Satellite Antenna market on the basis of platform:
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