A new Report by Delvens, titled "Satellite Communication (SATCOM) Equipment Market” offers a comprehensive analysis of the industry, which comprises insights on the Global analysis. The report also includes competitor and regional analysis, and contemporary advancements in the market.
The global satellite communication (SATCOM) equipment market size is projected to reach a CAGR of 20.6% from USD 22 billion, during the forecast to 2028.
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Satellite communication is related to transferring of signal between the sender and receiver antenna with the help of satellite.
Growing demand for Ku- and Ka-band satellites, and the growing fleet of autonomous and connected vehicles used for various applications in the military and commercial sectors, which require customized SATCOM-on-the-move antennas are some of the factors that have supported long-term expansion for Satellite Communication (SATCOM) Equipment Market.
Regional Analysis
North America is expected to lead the SATCOM equipment market from 2021 to 2028. The US is a lucrative market for SATCOM equipment in the North American region. The US government is increasingly investing in the field of SATCOM to enhance the quality and effectiveness of satellite communication.
Key Players of Satellite Communication (SATCOM) Equipment Market
· Thales Group
· L3Harris Technologies
· Honeywell International Inc.
· Hughes Network Systems
· Viasat, Inc. and More
Recent Developments
In June 2021, Iridium communications inc. received a research and development contract from the United States army to develop a payload to be hosted on smallsats that support navigation systems, guidance, and control for the Global Positioning System (GPS) and GPS-denied precision systems. The army intends to develop this payload to support the concept of a rapidly deployable smallsat constellation to provide more effective sensor-to-soldier data transmission when in the field.
In June 2021, Gilat Satellite Networks received a contract from Peru’s programa Nacional de telecomunicaciones (Pronatel) for the delivery of internet services to hundreds of sites in Peru.
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In addition to the market data for Satellite Communication (SATCOM) Equipment Market, Delvens offers client-centric report and customized according to the company’s specific demand and requirement.
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