The Space SATCOM Equipment Market is projected to grow at a significant CAGR during the forecast period. SATCOM equipment is comprised of certain devices that enable communication with satellites, such as space antennas, amplifiers, and transceivers. SATCOM handles the information and communication infrastructure of the space industry and hence it is considered as a backbone of space agencies and private space companies. Few major factors which are expected to boost the market growth include the rise in the demand for earth observation applications by government agencies and private companies. General-purpose use of SATCOM is in applications such as digital satellite newsgathering (DSNG), direct-to-home television broadcasting, telecommunication, weather tracking, and others
A full report of Space SATCOM Equipment Market available at: https://www.orionmarketreports.com/space-satcom-equipment-market/48491/
The key market players in the market include Airbus SE, Mitsubishi Electric Corporation, Harris Corporation, and Oxford Space System. The defense department of various countries, commercial space research firms are increasing the launch of satellites primarily for communication purposes, earth observation, navigation, remote sensing, and a variety of applications that drives the space SATCOM equipment market. Demand for enriched data communication, increased government expenditure on space programs are the factors that increase the demand for the space SATCOM equipment. Moreover, demand for 5G high-speed internet, optical communication, a surge in cloud-based platforms, increasing global connectivity, and remote 3D printing present new pathways in the industry. Frequent satellite launches and a rise in expenditure on space programs are expected to drive the growth in the global space SATCOM equipment market.
Space SATCOM Equipment Market- Segmentation
Based on Satellite Type
• Cube Sat (0.25U–27U)
• Small Satellite (1–500 KG)
• Nano satellite (1–10 KG)
• Micro satellite (11–100 KG)
• Mini satellite (101–500 KG)
• Medium Satellite (501–2,500 KG)
• Large Satellite (>2,500 KG)
Based on Application
• Earth Observation & Remote Sensing
• Communication
• Scientific Research & Exploration
• Navigation
• Others
Based on Component
• Transponders
• Transceivers
• Converters
• Amplifiers
• Space Antennas
• Others
Based on End User
• Commercial
• Satellite Operators/Owners
• Scientific Research & Development
• Energy Industry
• Air Traffic & Navigation Service Providers
• Media & Entertainment
• Government & Military
• Space Agencies
• Department of Defense & Intelligence Agencies
• Search & Rescue Entities
• Academic Research Institutions
• Commercial, Government, & Military
Segment by Region
North America
• US
• Canada
• Mexico
Europe
• Germany
• France
• Italy
• Spain
• UK
• Rest of Europe
Asia-Pacific
• Japan
• China
• India
• Australia and New Zealand
• Rest of Asia-Pacific
Rest of the World
• South America
• Middle East
• Africa
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(This release has been published on OMR Industry Journal. OMR Industry Journal is not responsible for any content included in this release.)
