With the emergence and long-term Impact of COVID-19, the Global Satellite Antenna Market is to reach USD 7.23 Billion by 2030
Bizwit Research & Consulting LLP’s Recent Analysis on Global Satellite Antenna Market is poised to raise up to USD 7.23 Billion by 2030. A satellite antenna, also known as a satellite dish or parabolic antenna, is a type of antenna designed to receive and transmit signals from and to communication satellites in space. It is a key component in satellite communication systems and is used for various purposes, such as television and radio broadcasting, internet connectivity, weather monitoring, and military communications. Satellite antenna consists of a curved parabolic reflector, which is typically made of metal or fiberglass. The shape of the reflector is carefully designed to focus incoming signals onto a smaller antenna element called the feed horn or feed element.
The Satellite Antenna market is expanding because of factors such as increasing space exploration projects and increasing adoption of small satellites. The Rising number of satellites launched, and space exploration activities are driving the market growth. Space launches are witnessing tremendous growth the exponential rise in demand for network, communication, and network-based services on a global scale. In April 2022, NASA and private firms reached a USD 280 million agreement to develop near-Earth space communication services. The space agency also announced the launch of four more missions this year, the orbiting of 24 Earth scientific projects, and the launch of four more missions in 2022.
In June 2022, the United Launch Alliance and SpaceX signed a USD 846 million agreement with the U.S. Space Force for missions that would launch over the next two years. ULA received 60% of the National Security Space Launch (NSSL) missions that are slated to launch over the following five years until 2027, while SpaceX received 40%. Thus, the expansion of space launch operations globally is promoting market growth. In addition, the Development of ultra-compact satellite antennas for advanced ground combat vehicles and the Integration of satellite antennas in automobiles are creating a lucrative opportunity for market growth. However, the high cost of satellite antenna stifles market growth throughout the forecast period of 2023-2030.
Geographically, the global Satellite Antenna Market has been segmented into North America, Europe, Asia Pacific (APAC), Latin America, and Middle East and Africa (MEA). North America dominated the market in 2022 owing to factors such as rising investment for research and development activities, rising number of satellite development activities and space programs, and government support to the space industry. Whereas, Asia Pacific is expected to grow significantly owing to factors such as rising space exploration activities, and rising spending on space budgets in the region.
The global Satellite Antenna Market is highly competitive owing to the presence of several key manufacturers such as Honeywell International Inc., General Dynamics Corporation, Kymeta Corporation, Norsat International Inc., Cobham Limited, Mitsubishi Electric Corporation, and others.
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Global Satellite Antenna Market Size study & Forecast, by Frequency Band (C Band, K/KU/KA Band, S And L Band, X Band, VHF And UHF Band, Other Frequency Bands), by Antenna Type (Flat Panel Antenna, Parabolic Reflector Antenna, Horn Antenna, Other Antenna Types), by Application (Space, Land, Maritime, Airborne) and Regional Analysis, 2023-2030
Key findings of the study suggest:
- Global Satellite Antenna Market is anticipated to grow with a healthy growth rate of more than 10.94% over the forecast period 2023-2030.
- In the Application segment, space emerged as the leading market segment in 2022.
- North America is anticipated to drive regional growth owing to rising investment for research and development activities.
- Asia Pacific is expected to grow at a high CAGR followed by North America during 2023-2030.
Bizwit Research & Consulting has considered the following segments for the study:
By Frequency Band:
- C Band
- K/KU/KA Band
- S And L Band
- X Band
- VHF And UHF Band
- Other Frequency Bands
By Antenna Type:
- Flat Panel Antenna
- Parabolic Reflector Antenna
- Horn Antenna
- Fiberglass Reinforced Plastic Antenna
- Iron Antenna with Mold Stamping
- Other Antenna Types
- North America
- Asia Pacific
- Latin America
- Rest of Latin America
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
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