Satellite Communication SATCOM Market Report 2024 (Global Edition)

Global Satellite Communication SATCOM Market Report 2024 Market Size Split by Solution (Product, Antennas, Transceivers, Services, Engineering & Integration, Installation, Logistics & Maintenance), by...

Satellite Communication SATCOM Market Report Description

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Satellite Communication SATCOM Market Insights Video

Competitive Landscape of the Satellite Communication (SATCOM) Market

The development of their product offerings is the primary focus of the leading market participants. The market dominance of these entities is primarily due to the increased investment in research and development and the development of a diverse spectrum of solutions. Major actors in the industry are adopting both organic and inorganic growth strategies, such as the introduction of new products and mergers and acquisitions, to maintain their competitive advantage.

In October 2023, Airbus and Northrop Grumman executed a Memorandum of Understanding (MoU) to establish a strategic partnership for the United Kingdom's wideband SKYNET military satellite communications program. This partnership capitalizes on the most recent technologies and integrates the expertise of both organizations to satisfy the United Kingdom's military satellite communication requirements. The partnership's objective is to improve the capacity of military forces to process and disseminate data across a variety of domains by ensuring continuous, reliable communication. The US, UK, and European space industries are united in this transatlantic collaboration to offer innovative and cost-effective solutions for military satellite communications. (Source: https://www.airbus.com/en/newsroom/news/2023-10-airbus-and-northrop-grumman-sign-strategic-partnership-in-uk-military) In May 2022, BlueHalo was awarded a $1.4B contract by the U.S. Space Force's Space Rapid Capabilities Office for the Satellite Communication Augmentation Resource (SCAR) program. This initiative is designed to modernize satellite operations by utilizing BlueHalo's advanced RF solutions and Multi-band Software Defined Antenna (MSDA) technology, thereby improving automation, flexibility, and resilience. BlueHalo will utilize their OpenSpace Platform for scalable, virtualized deployments in collaboration with Kratos Defense & Security Solutions. BlueHalo's status as a premier system integrator will be further solidified by the creation of 60 new jobs in Albuquerque, NM, where the project will be executed. (Source: https://bluehalo.com/bluehalo-awarded-1-4b-u-s-space-force-contract-to-enable-modernization-of-satellite-operations/) In May 2022, Cobham Satcom and UltiSat executed a strategic distributor and integrator agreement to enhance the SATCOM capabilities of US and NATO defense organizations. This partnership facilitates improved market accessibility and effortless access to sophisticated satellite tracking systems, such as multi-orbit, multi-band terminals and ruggedized Tactical TRACKER terminals for Comms on the Pause (CotP). UltiSat will provide equipment sales, installation, and lifecycle management for Cobham products. The agreement expands UltiSat's solution portfolio and emphasizes Cobham Satcom's commitment to resilient, secure communication solutions and technology leadership. (Source: https://cobham-satcom.com/news/ulti-sat-and-cobham-satcom-sign-strategic-distributor-and-integrator-agreement)

Top Companies Market Share in Satellite Communication SATCOM Industry: (In no particular order of Rank)

• Thales Group (France)
• L3Harris Technologies (US)
• Honeywell International Inc. (US)
• EchoStar Corporation (US)
• General Dynamics Corporation (US)
• Raytheon Technologies Corporation (US)
• Cobham Satcom (Denmark)
• Viasat
• Inc. (US).
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*List of Second Tier Companies, List of Third Tier/ Start-up Companies (Inquire with sales executive) Request Any Company Profile for Preview Purpose OR Data Validation!

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Regional Analysis of the Satellite Communication (SATCOM) Market

Which Region Dominates the Satellite Communication (SATCOM) Market in 2024?

According to Cognitive Market Research, North America currently dominates the Satellite Communication (SATCOM)s market, and the region is expected to have significant growth during the projected period. This is driven by the expansion of government communication networks and military expenditures.

Which Region is Expanding at the Fastest CAGR?

Asia-Pacific is expected to make significant gains during the projected period, with the greatest compound annual growth rate (CAGR). The increase is driven by the increasing utilization of satellite antennas in the aviation, IT, and telecommunications sectors. The improvement of aviation services in Asia Pacific nations is a top priority for companies worldwide.

The current report Scope analyzes Satellite Communication SATCOM Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com

• North America (United States, Canada, Mexico)
• Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Netherlands, Switzerland, Belgium)
• Asia-Pacific (China, Japan, Korea, India, Australia, Philippines, Singapore, Malaysia, Thailand, Indonesia, Rest of APAC)
• South America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East and Africa (Saudi Arabia, Turkey, Nigeria, UAE, Egypt, South Africa, GCC Countries, Rest of MEA)

The above graph is for illustrative purposes only.

North America Satellite Communication SATCOM

According to Cognitive Market Research, the global Satellite Communication (SATCOM) market size was estimated at USD 22951.5 Million, out of which North America held the major market share of more than 40% of the global revenue with a market size of USD 9180.60 million in 2024 and will grow at a compound annual growth rate (CAGR) of 9.8% from 2024 to 2031.

• According to Cognitive Market Research, the US had a major share in the Satellite Communication (SATCOM) market with a market size of USD 7243.49 million in 2024 and is anticipated to grow at a CAGR of 9.60% during the projected period. The U.S. market's significant demand for sophisticated telecommunication services and broadband internet.
• The Canada Satellite Communication (SATCOM) market had a market share of USD 1101.67 million in 2024 and is anticipated to grow at a CAGR of 10.6% during the projected period. Canada’s Increasing broadband penetration and the expansion of telecommunication infrastructure.
• The Mexico Satellite Communication (SATCOM) market is anticipated to see growth at a CAGR of 10.3% during the projected period, with a market size of USD 835.43 million in 2024.

Europe Satellite Communication SATCOM

According to Cognitive Market Research, the global Satellite Communication (SATCOM) market size was estimated at USD 22951.5 Million, out of which Europe held the market share of more than 30% of the global revenue with a market size of USD 6885.45 million in 2024 and will grow at a compound annual growth rate (CAGR) of 10.1% from 2024 to 2031.

• The United Kingdom Satellite Communication (SATCOM) market had a market share of USD 1156.76 million in 2024 and is anticipated to grow at a CAGR of 10.9% during the projected period. In the UK, Satellite Communication (SATCOM) sales see an upswing due to the increase in the demand for high-speed internet access and expansion of the telecommunications industry.
• The France Satellite Communication (SATCOM) market is anticipated to see growth at a CAGR of 9.3% during the projected period, with a market size of USD 633.46 million in 2024.
• According to Cognitive Market Research, the German Satellite Communication (SATCOM) market size was valued at USD 1363.32 million in 2024 and is anticipated to grow at a CAGR of 10.3% during the projected period. In Germany, Satellite Communication (SATCOM) surged due to the Emphasize technological innovation and superior communication services.
• The Italy Satellite Communication (SATCOM) market is anticipated to see growth at a CAGR of 9.5% during the projected period, with a market size of USD 592.15 million in 2024.
• The Russia Satellite Communication (SATCOM) market is anticipated to see growth at a CAGR of 9.1% during the projected period, with a market size of USD 1067.24 million in 2024.
• The Spain Satellite Communication (SATCOM) market is anticipated to see growth at a CAGR of 9.2% during the projected period with a market size of USD 564.61 million in 2024
• The Luxembourg Satellite Communication (SATCOM) market is anticipated to see growth at a CAGR of 10.2% during the projected period, with a market size of USD 213.45 million in 2024.
• The Portugal Satellite Communication (SATCOM) market is anticipated to see growth at a CAGR of 9.9% during the projected period, with a market size of USD 144.59 million in 2024.
• The Greece Satellite Communication (SATCOM) market is anticipated to see growth at a CAGR of 10.4% during the projected period, with a market size of USD 82.63 million in 2024.
• The Rest of Europe's Satellite Communication (SATCOM) market is anticipated to see growth at a CAGR of 8.8 during the projected period, with a market size of USD 1067.24 million in 2024.

Asia Pacific Satellite Communication SATCOM

According to Cognitive Market Research, the global Satellite Communication (SATCOM) market size was estimated at USD 22951.5 Million, out of which Asia Pacific held the market share of around 23% of the global revenue with a market size of USD 5278.85 million in 2024 and will grow at a compound annual growth rate (CAGR) of 13.6% from 2024 to 2031.

• According to Cognitive Market Research, the China Satellite Communication (SATCOM) market size was valued at USD 2375.48 million in 2024 and is anticipated to grow at a CAGR of 13.1% during the projected period. Satellite Communication (SATCOM) surged in China due to Increased demand for communication infrastructure and rapid industrialization.
• The Japan Satellite Communication (SATCOM) market is anticipated to see growth at a CAGR of 12.1% during the projected period, with a market size of USD 728.48 million in 2024.
• The India Satellite Communication (SATCOM) market had a market share of USD 633.46 million in 2024 and is anticipated to grow at a CAGR of 15.4% during the projected period. India's Expanding middle class and increasing demand for communication and connectivity services.
• The South Korean Satellite Communication (SATCOM) market is anticipated to see growth at a CAGR of 12.7% during the projected period, with a market size of USD 527.88 million in 2024.
• The Australian Satellite Communication (SATCOM) market is anticipated to see growth at a CAGR of 13.3% during the projected period, with a market size of USD 274.50 million in 2024.
• The South East Asia Satellite Communication (SATCOM) market is anticipated to see growth at a CAGR of 14.6% during the projected period, with a market size of USD 364.24 million in 2024.
• The Rest of Asia Pacific Satellite Communication (SATCOM) market is anticipated to see growth at a CAGR of 13.4% during the projected period, with a market size of USD 374.80 million in 2024.

South America Satellite Communication SATCOM

According to Cognitive Market Research, the global Satellite Communication (SATCOM) market size was estimated at USD 22951.5 Million, out of which the Latin America held the market share of around 5% of the global revenue with a market size of USD 1147.58 million in 2024 and will grow at a compound annual growth rate (CAGR) of 11.0% from 2024 to 2031.

• According to Cognitive Market Research, the Brazil Satellite Communication (SATCOM) market size was valued at USD 491.16 million in 2024 and is anticipated to grow at a CAGR of 11.6% during the projected period. Satellite Communication (SATCOM)s flourished in Brazil due to Increasing demand for communication services in rural and remote regions.
• Argentina's Satellite Communication (SATCOM) market had a market share of USD 192.79 million in 2024 and is anticipated to grow at a CAGR of 11.9% during the projected period. Argentina's Increasing broadband penetration and the expansion of telecommunication infrastructure.
• Colombia Satellite Communication (SATCOM) market is anticipated to see growth at a CAGR of 10.8% during the projected period, with a market size of USD 102.13 million in 2024.
• Peru Satellite Communication (SATCOM) market is anticipated to see growth at a CAGR of 11.2% during the projected period, with a market size of USD 94.10 million in 2024.
• Chile Satellite Communication (SATCOM) market is anticipated to see growth at a CAGR of 11.3% during the projected period, with a market size of USD 82.63 million in 2024.
• The Rest of Latin America's Satellite Communication (SATCOM) market is anticipated to see growth at a CAGR of 10.1% during the projected period, with a market size of USD 184.76 million in 2024.

Middle East and Africa Satellite Communication SATCOM

According to Cognitive Market Research, the global Satellite Communication (SATCOM) market size was estimated at USD 22951.5 Million, out of which the Middle East and Africa held the major market share of around 2% of the global revenue with a market size of USD 459.03 million in 2024 and will grow at a compound annual growth rate (CAGR) of 11.3% from 2024 to 2031..

• The GCC Countries Satellite Communication (SATCOM) market is anticipated to see growth at a CAGR of 12.1% during the projected period, with a market size of USD 196.46 million in 2024. Satellite Communication (SATCOM) sales flourish due to the Increase in the telecommunications and broadcasting industries.
• The Egypt Satellite Communication (SATCOM) market is anticipated to see growth at a CAGR of 11.6% during the projected period, with a market size of USD 48.20 million in 2024.
• The South Africa Satellite Communication (SATCOM) market is anticipated to see growth at a CAGR of 12.3% during the projected period, with a market size of USD 72.53 million in 2024. Satellite Communication (SATCOM) sales flourished in South Africa due to Increasing investments in technology and communication infrastructure.
• The Turkey Satellite Communication (SATCOM) market is anticipated to see growth at a CAGR of 10.8% during the projected period, with a market size of USD 39.48 million in 2024.
• The Nigeria Satellite Communication (SATCOM) market is anticipated to see growth at a CAGR of 10.4% during the projected period, with a market size of USD 48.20 million in 2024.
• The Rest of the MEA Satellite Communication (SATCOM) market is anticipated to see growth at a CAGR of 10.3% during the projected period, with a market size of USD 54.17 million in 2024.

Satellite Communication SATCOM Market Analysis

Satellite Communication (SATCOM) Market Solution Segment Analysis

According to Cognitive Market Research, Product category likely to dominate the Satellite Communication (SATCOM) Market over the forecast period because of the critical hardware components, including user terminals, ground stations, and satellites. It is these products that serve as the foundation of SATCOM systems, which facilitate communication services in a variety of sectors, such as maritime, broadcasting, and military.

The Services is the fastest-growing segment in the Satellite Communication (SATCOM) Market. The demand for managed services, consulting, and support is the primary factor driving this growth. The rapid expansion of this category is a result of the increasing complexity of satellite technology, which has spurred the demand for comprehensive service packages that encompass system design, installation, maintenance, and technical support from end-users.

The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Satellite Communication SATCOM Industry. Request a Free Sample PDF!

Satellite Communication (SATCOM) Market Platform Segment Analysis

According to Cognitive Market Research, the Land Mobile segment holds the largest share of the market as a result of its extensive utilization in a variety of sectors, such as transportation, emergency services, and the military. When terrestrial networks are unavailable or inadequate, land mobile satellite communication systems offer dependable connectivity in rural and remote regions.

In the Satellite Communication (SATCOM) Market, the Maritime has been expanding at a rapid pace. The growing demand for seamless communication at sea, particularly for commercial shipping, fisheries, and leisure vessels, is the primary factor driving this growth. This category is experiencing rapid growth due to the necessity for dependable connectivity in international waters and the expansion of maritime operations.

The above Graph is for representation purposes only. This chart does not depict actual Market share.

Satellite Communication SATCOM Frequency Segment Analysis

Satellite Communication (SATCOM) Market Frequency Segment Analysis

According to Cognitive Market Research, The C Band segment holds the largest market share owing to its extensive coverage and its dependability. Television broadcasting, internet access, and fixed satellite services are among its most prevalent applications, rendering it a preferred choice for both residential and commercial settings.

In the Satellite Communication (SATCOM) market, the rapidly growing sector is the Ka Band. The demand for high-bandwidth applications, including video streaming and broadband internet, is the primary factor driving this growth. The Ka Band is an optimal choice for contemporary communication requirements due to its superior data rates and capacity in comparison to other frequency bands.

• C Band
• L
• &S Band
• X Band
• Ka Band
• Ku Band
• VHF/UHF Band
• EHF/SHF Band
• Multi Band
• Q Band

Satellite Communication SATCOM Vertical Segment Analysis

Satellite Communication (SATCOM) Market Vertical Segment Analysis

According to Cognitive Market Research, the Government & Defense segment dominates the market. This is due to the urgent requirement for secure and dependable communication in military and government operations. To ensure surveillance, command and control, and emergency response, these sectors necessitate robust satellite communication systems, rendering them the largest consumers of SATCOM services.

Commercial is projected to be the fastest-growing segment in the Satellite Communication (SATCOM) market. This development is fueled by the growing demand for mobile communication services, television broadcasting, and broadband internet. The commercial application of satellite communication is expanding rapidly as a result of the increasing demand for high-speed connectivity among businesses and consumers, particularly in remote and underserved geographic regions.

• Commercial
• Telecommunication & Cellular Backhaul
• Media & Entertainment
• Business & Enterprise
• Transportation & Logistics
• Scientific Research & Development
• Aviation
• Marine
• Retail & Consumer
• Others
• Government & Defense
• Military
• Homeland Security & Emergency Management

Satellite Communication SATCOM Connectivity Segment Analysis

Satellite Communication (SATCOM) Market Connectivity Segment Analysis

According to Cognitive Market Research, the MEO/GEO orbit segment holds the largest market share as a result of their consistent positioning and extensive coverage. The preferable choice for numerous commercial and governmental applications, these orbits are ideal for delivering consistent communication services, such as internet access, television broadcasting, and global positioning systems (GPS).

In the Satellite Communication (SATCOM) market, the rapidly growing sector is the LEO orbit. The growing demand for high-speed and low-latency communication is the primary factor driving this growth. LEO satellites are the optimal choice for applications such as fast internet and real-time data services due to their reduced signal latency and speedier data transmission compared to MEO and GEO satellites.”

• LEO orbit
• MEO/GEO orbit

Author's Detail

Manoj Phagare

Senior Research Analyst at Cognitive Market Research

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• Worked on several market, industry & business research projects, on various models such as Syndicated, Custom, Subscriptions and Consults
• Proficient in secondary research and familiar with all paid research databases
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