Satellite Command and Control System Forecast Released
The Satellite Command and Control System Market is projected to reach $32.15 billion by 2031, according to a new market intelligence study. The study also highlights that the market is set to witness a CAGR of 4.32% during the forecast from 2021 to 2031.
Satellite command and control system comprises space-based solutions and the ground segment. These two entities help in maintaining contact with the satellite and provide commands based on the type of mission, provide satellite telemetry, attitude control, satellite monitoring, as well as ground equipment monitoring and control.
The market has been segmented based on application, including satellite attitude control, satellite monitoring and tracking, satellite telemetry, and ground equipment monitoring and control. The satellite telemetry application segment is expected to dominate the global satellite command and control system market due to the critical data received from satellites that requires processing.
The 201-1,200kg (443-2,650 pound) segment is expected to lead the satellite command and control system market. The growth of this segment is attributed to several companies focusing on launching mini and microsatellite constellations to enable applications like real-time Earth observation, navigation, tracking and monitoring, and global internet coverage.
The growth of the L and S band segment is attributed to the major usage of this frequency band as it provides strong protection against weather effects as well as provides for relatively low impact due to dynamics.
The commercial end user segment is anticipated to dominate the market. The factors contributing to this growth are the increasing number of partnerships and contracts that government agencies are forming with commercial players for satellite monitoring as well as controlling the space assets.
North America is expected to dominate the market during the forecast period. The factor attributing to the growth of this region is the high presence of the key companies highly engaged in developing and providing satellite command and control system solutions.
(Source: ASDReports news release. Image provided)