Satellite Spectrum Monitoring Market Forecast Through 2033
The satellite spectrum monitoring market is estimated to reach $8.38 billion in 2033 at a CAGR of 8.78 percent during the forecast period, according to a new report from BIS Research.
"With this growth in satellite launches comes the need to monitor and manage the electromagnetic spectrum, which is highly crucial to prevent any signal interference and ensure operational integrity."
Nilopal Ojha, BIS Research
The market is expected to have significant growth during the forecast period 2023-2033. The factors attributing to the growth of the market include the rise in the adoption of emerging IoT technologies, increasing demand for small satellites, and overall growth of the adoption of IoT-based applications.
Satellite spectrum monitoring refers to the industry that develops and offers technologies, solutions, and services for monitoring and controlling the radio frequency spectrum utilized by satellites. It includes a variety of tasks, such as the creation of monitoring systems, software, analytics tools, and associated services. Spectrum monitoring allows companies to discover inactive frequency bands, improve frequency allocations, and prevent unlawful usage, resulting in increased spectrum efficiency.
Factors Influencing the Satellite Spectrum Monitoring Market
The satellite spectrum monitoring market is driven by several factors, including the surging demand for satellite-based communication systems and deep space communication networks. Applications include various fields such as aerospace, marine, military, and government. Satellite spectrum monitoring enables the detection of illegal radio frequency interference (RFI) sources, which allows satellite operators to take necessary actions to limit interference and preserve the quality and reliability of satellite communication by recognizing and pinpointing sources of interference.
"(In) recent years, the space industry has witnessed the growth in the number of satellites launched. This is due to the demand for global connectivity, Earth observation, navigation systems, and scientific research," said Nilopal Ojha, Principal Analyst, BIS Research. "With this growth in satellite launches comes the need to monitor and manage the electromagnetic spectrum, which is highly crucial to prevent any signal interference and ensure operational integrity. Advanced monitoring systems, such as signal analyzers and spectrum monitoring tools, provide real-time monitoring and interference mitigation across a wide range of frequencies. In addition to this, the cloud-based delivery of next-gen spectrum monitoring solutions is evolving to potentially disrupt the market where a significant portion of standalone hardware solutions could be replaced with cloud-based software services. Thus, as the satellite sector continues to rise, the demand for spectrum monitoring solutions will also increase to ensure smooth operations and reliable communication services.”
Key players in the market analyzed and profiled in the study involve major satellite spectrum monitoring products and services offering companies providing hardware and software, respectively. Moreover, a detailed competitive benchmarking of the players operating in the market has been done to help the reader understand how players stack against each other, presenting a clear market landscape. Additionally, comprehensive competitive strategies such as partnerships, agreements, and collaborations will aid the reader in understanding the untapped revenue pockets in the market.
The key players profiled in the report include Anritsu Corporation, Atos, Calian Group Ltd., Clearbox Systems, CRFS Limited, EXFO Inc., Integrasys S.A., Keysight Technologies, Kratos Defense & Security Solutions, Inc., Narda Safety Test Solutions, National Instruments Corporation, Rohde & Schwarz GmbH & Co, ST Engineering iDirect, SatSignature, and Tektronix.
(Source: BIS Research via ASDReports. Images provided and from file)