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
