Global SATCOM Equipment Market Report 2022 Released
The global SATCOM equipment market is expected to grow from $34.45 billion in 2022 to $59.26 billion in 2026 at a CAGR of 14.5%, according to a new report from Report Linker.
The SATCOM (Satellite Communication) equipment market consists of sales of satcom modems, satcom receivers, block upconverters (BUC), low-noise block converters (LNB), equalizers, frequency converters, splitters, and switchover units. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers.
The value of goods in this market includes related services sold by the creators of the goods.
Satellite communication is mostly used for traditional point-to-point communications, mobile applications, and the distribution of TV and radio programs.Information is transported from one location to another through satellite communication, which involves a communication satellite orbiting the Earth.
SATCOM equipment includes the mounting style, product type, and connector type or interface. It is used for the transmission, conditioning, and reception of satellite signals in worldwide telecommunications.
North America was the largest region in the satellite communication (SATCOM) equipment market in 2021. The regions covered in the satellite communication (SATCOM) equipment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The market value is defined as the revenues that enterprises gain from goods and/or services sold within the specified market and geography through sales, grants, or donations in terms of currency (in USD ($ ) unless otherwise specified).
The revenues for a specified geography are consumption values—that is, they are revenues generated by organizations in the specified geography within the specified market, irrespective of where they are produced. It does not include revenues from resales either further along the supply chain or as part of other products.
The main types of satellites in satellite communication (SATCOM) equipment are large satellites (>5,500 lbs), medium satellites (1,105-5,500 lbs), small satellites (2.2-1,105 lbs), and cubesats (0.27–27 cubic units of 40 inches). The large satellites are used to send television signals directly to homes. The large satellite is the backbone of cable and network TV. These satellites send signals from a central station that generates programming to smaller stations that send the signals locally via cables or the airwaves. The different components include amplifiers, transceivers, space antennas, transponders, and others that are used in navigation, scientific research, communication, remote sensing, and other applications. The several end-users include commercial, government, and military.
The increasing number of mobile satellite services and small satellites is driving the growth of the satellite communication (SATCOM) equipment market.Mobile satellite services (MSS) offer two-way voice and data communications to people all over the world who are traveling or residing in remote areas.
SATCOM Equipment Market Driven in Part by Small Satellite Adoption
Widespread adoption of small satellites and mobile satellites is increasing as it gives the entire program crucial flexibility for earth science research missions. With the help of satellite communication equipment, small satellites help scientists advance scientific and human exploration, reduce the cost of new space missions, and expand access to space.
For instance, in 2021, according to NASA, around 1,282 spacecraft were launched, approximately 94% of which were small satellites that had an overall mass of less than 600 kg. Nine percent of total spacecraft were nanosatellites, which had an overall mass of less than 200 kg. Additionally, in 2020, small satellite deployment increased by 30%, and these satellites are primarily used for commercial, private, government, and academic institutes.
Therefore, the increasing number of mobile satellite services and small satellites is driving the demand for the SATCOM equipment market.
Product innovations are the key trend gaining popularity in the satellite communication equipment market. Major companies operating in the satellite communication equipment sector are focused on developing new product innovations and solutions to strengthen their position.
(Source: Report Linker news release. Images from file)