Market Overview
Global Satellite Communication Market is projected to be valued at USD 41,860 Million by 2025, expanding at a CAGR of 8.40% between 2019 and 2025. The growing adoption of SATCOM equipment in telecommunication, space exploration, and telemetry has significantly contributed to the growth of the SATCOM market. High competition owing to the presence of a large number of players in this market is forcing manufacturers to continuously focus on product innovation and development. Furthermore, increasing adoption of autonomous and connected vehicles is also expected to drive the growth of the market.
Key Players
Inmarsat plc (UK), Honeywell International, Inc. (US), L3 Harris Technologies, Inc. (US), Indra Sistemas, S.A. (Spain), General Dynamics Corporation (US), Cobham plc (UK), Viasat, Inc. (US), Iridium Communications Inc. (US), Qualcomm Technologies, Inc. (US) and GILAT SATELLITE NETWORKS (Israel)
Get Free Sample Copy of “Satellite Communication Market” @ https://www.marketresearchfuture.com/sample_request/8466
Growth Opportunities in the Market
Satcom antenna segment is expected to witness the highest growth rate in the market: The Satcom antenna segment is expected to grow at the highest CAGR during the forecast period from 2019 to 2025. The growth can be attributed to the benefits offered by Satcom antennas such as corrosion resistance and sturdiness.
Commercial vertical is expected to witness a higher growth in the market: The commercial vertical is expected to grow at a higher CAGR during the review period owing to the growing demand for satellite TV and the rising demand for SATCOM equipment by the space and telecommunication industries.
SATCOM Automatic Identification System (AIS) segment is expected to register the highest growth in the market: The SATCOM AIS segment is expected to grow at the highest CAGR during the review period. Enhanced identification, location information, and collision avoidance offered by the technology marine vessel operators are driving the growth of the segment.
Maritime SATCOM Equipment segment is expected to grow at the highest CAGR: The segment is expected to grow at the highest CAGR during the forecast period from 2019 to 2025. The segment includes commercial ships, military ships, and unmanned maritime vehicles. The rising concept of autonomous and connected ships and rising seaborne trade across the globe are driving the growth of the segment. Global Satellite Communication Market has witnessed high growth in recent years owing to the growing adoption of SATCOM equipment in telecommunication, space exploration, and telemetry.
List of Tables
Table 1 Global Satellite Communication (SATCOM) Market, By Region, 2019–2025
Table 2 North America: Satellite Communication (SATCOM) Market, By Country, 2019–2025
Table 3 Europe: Satellite Communication (SATCOM) Market, By Country, 2019–2025
Table 4 Asia-Pacific: Satellite Communication (SATCOM) Market, By Country, 2019–2025
Table 5 Middle East & Africa: Satellite Communication (SATCOM) Market, By Country, 2019–2025
Table 6 Latin America: Satellite Communication (SATCOM) Market, By Country, 2019–2025
Table 7 Global Satellite Communication (SATCOM) Market Size, By Region, 2019–2025
Table 8 North America: Satellite Communication (SATCOM) Market Size, By Country, 2019–2025
Table 9 Europe: Satellite Communication (SATCOM) Market Size, By Country, 2019–2025
Table 10 Asia-Pacific: Satellite Communication (SATCOM) Market Size, By Country, 2019–2025
Table 11 Middle East & Africa: Satellite Communication (SATCOM) Market Size, By Country, 2019–2025
Continued……
Browse Full Report Details @ https://www.marketresearchfuture.com/reports/satellite-communication-market-8466
Media Contact
Company Name: Market Research Future
Contact Person: Abhishek Sawant
Email: Send Email
Phone: +1 646 845 9312
Address:Market Research Future Office No. 528, Amanora Chambers Magarpatta Road, Hadapsar
City: Pune
State: Maharashtra
Country: India
Website: https://www.marketresearchfuture.com/reports/satellite-communication-market-8466