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Satellite Communication Equipment Market Size, Share, Industry Trends and Forecast to 2030

Satellite Communication Equipment Market Research Report – Segmented By Region (North America, Europe, Asia-Pacific, Middle-East & Africa, Latin America) – Analysis on Size, Share, Trends, COVID-19 Impact, Competitive Analysis, Growth Opportunities and Key Insights from 2019 to 2030.


  • Published date -30th Jan 2024

  • Formats -PDF, CSV

  • Region -Global

Satellite Communication Equipment Market Size & CAGR in 2021

The global satellite communication equipment market is estimated to reach a size of USD 21.5 billion in 2021 with a compound annual growth rate (CAGR) of 7.2% from 2021 to 2028. The market is expected to witness significant growth due to the increasing demand for satellite communication services across various industries.

COVID-19 Impact on the Satellite Communication Equipment Market

The COVID-19 pandemic has had a mixed impact on the satellite communication equipment market. On one hand, the increased need for remote communication and connectivity during lockdowns and social distancing measures has boosted the demand for satellite communication equipment. However, disruptions in the supply chain and project delays have posed challenges for market players.

Satellite Communication Equipment Dynamics

The satellite communication equipment market is driven by technological advancements, increasing adoption of satellite communication services in remote areas, and growing demand for high-speed data connectivity. However, factors such as regulatory issues, spectrum congestion, and competition from alternative technologies are expected to hinder market growth.

Segments and Related Analysis

The satellite communication equipment market can be segmented based on equipment type, application, and end-user. Equipment types include satellite phones, satellite modems, antennas, and transceivers. Applications range from telecommunication to broadcasting, navigation, and military & defense. End-users include government, aerospace & defense, maritime, and others.

By Region Analysis

The satellite communication equipment market is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. North America holds the largest market share due to the presence of key players and high adoption of satellite communication services. Asia Pacific is expected to witness the fastest growth rate during the forecast period.

Key Market Players and Competitive Landscape

Key market players in the satellite communication equipment market include Lockheed Martin Corporation, Honeywell International Inc., Thales Group, L3Harris Technologies, Inc., and Airbus SE, among others. These players focus on product innovation, strategic partnerships, and mergers & acquisitions to strengthen their market position.

Recent Happenings in the Satellite Communication Equipment Market

1. In April 2022, SpaceX launched a new batch of Starlink satellites to expand its satellite internet coverage globally. 2. In May 2022, Inmarsat announced the launch of its new satellite communication service for maritime and aviation industries. 3. In June 2022, Intelsat partnered with LGS Innovations to develop advanced satellite communication solutions for government and defense sectors.

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