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Global SATCOM Equipment Market to reach USD 92.10 billion by the end of 2029.

Global SATCOM Equipment Market Size study & Forecast, by Type (Large (>2500 KG), Medium (501 – 2500 KG), Small (1 – 500 KG), CubeSat (0.27 – 27 Cubic Unit of 103 cm)) By Component (Amplifiers, Transceivers, Space Antennas, Transponders, Others) By Application (Navigation, Scientific Research, Communication, Remote Sensing, Others) By End Use (Commercial, Government & Military) and Regional Analysis, 2022-2029

Product Code: ICTNGT-99484884
Publish Date: 17-04-2023
Page: 200

Global SATCOM Equipment Market is valued at approximately USD 22 billion in 2021 and is anticipated to grow with a healthy growth rate of more than 19.6% over the forecast period 2022-2029. SATCOM equipment comprises electronic devices that enable communication with satellites in earth’s orbit or space, such as amplifiers, space antennas, and transceivers. The SATCOM Equipment market is expanding because of factors such as rising demand for enriched data communication and growing expenditure on space programs withing aerospace industry.

SATCOM equipment is the backbone of space agencies and commercial space companies, as it takes care of the information & communication infrastructure of the space industry. Its prevalence has progressively increased during the last few decades. According to Statista, in 2022, global government expenditure for space programs hit a record of approximately USD 103 billion. The United States Government spent almost 62 billion U.S. dollars on its space programs in 2022, making it the country with the highest space expenditure in the world. The U.S. was followed by China, with government expenditure on space programs of almost USD 12 billion. Another important component driving space increasing demand for data communication. In 2021, worldwide fixed data communication services generated a revenue of around 0.39 trillion U.S. dollars, an increase in revenue compared to 2020. In addition, Iridium communications received a research and development contract from the United States army to develop a payload to be hosted on small sats that support navigation systems, guidance, and control for the Global Positioning System and GPS-denied precision systems. The army intends to develop this payload to support the concept of a rapidly deployable small sat constellation to provide more effective sensor-to-soldier data transmission. Also, rising demand for 5G high-speed internet and increasing launch of satellites for Earth observation would create a lucrative growth prospectus for the market over the forecast period However, government regulations on space equipment & satellite stifle market growth throughout the forecast period of 2022-2029.

The key regions considered for the Global SATCOM Equipment Market study includes Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America dominated the market in terms of revenue, owing to the growing use of SATCOM equipment in space exploration. According to Statista, by 2025, the North American market for global satellite systems is expected to reach some USD 62 billion. Asia Pacific is expected to grow with the highest CAGR during the forecast period, owing to factors such as rising space research organization projects, and active participation of government organizations in the market space.

Major market player included in this report are:

Oxford Space Systems
Honeywell International Inc

General Dynamics Corporation
Airbus SE
Mitsubishi Electric Corporation
Harris Corporation
Antwerp Space
Ball Aerospace & Technologies Corporation
Maxar Technologies

Recent Developments in the Market:
Ø In July 2022, Oxford Space Systems and Surrey Satellite Technology Ltd. completed construction of a deployable, Wrapped Rib antenna for small synthetic aperture radar satellites. OSS designed the 3-meter parabolic reflector to stow compactly during transportation. It helps to supply high bandwidth radar instrument and radio frequency electronics.

Global SATCOM Equipment Market Report Scope:
Historical Data 2019-2020-2021
Base Year for Estimation 2021
Forecast period 2022-2029
Report Coverage Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered Component, Application, Type, End Use, Region
Regional Scope North America; Europe; Asia Pacific; Latin America; Rest of the World
Customization Scope Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Type
Large (>2500 KG)
Medium (501 – 2500 KG)
Small (1 – 500 KG)
CubeSat (0.27 – 27 Cubic Unit of 103 cm)

By Component
Space Antennas

By Application
Scientific Research
Remote Sensing

By End Use
Government & Military

By Region:
North America
Asia Pacific
South Korea
Latin America
Rest of the World

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2019-2029 (USD Billion)
1.2.1. SATCOM Equipment Market, by Region, 2019-2029 (USD Billion)
1.2.2. SATCOM Equipment Market, by Type, 2019-2029 (USD Billion)
1.2.3. SATCOM Equipment Market, by Component, 2019-2029 (USD Billion)
1.2.4. SATCOM Equipment Market, by Application, 2019-2029 (USD Billion)
1.2.5. SATCOM Equipment Market, by End Use, 2019-2029 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global SATCOM Equipment Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global SATCOM Equipment Market Dynamics
3.1. SATCOM Equipment Market Impact Analysis (2019-2029)
3.1.1. Market Drivers Rising demand for enriched data communication Growing expenditure on space programs withing aerospace industry
3.1.2. Market Challenges Government regulations on space equipment & satellite
3.1.3. Market Opportunities Rising demand for 5G high-speed internet Increasing launch of satellites for Earth observation.

Chapter 4. Global SATCOM Equipment Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.2. Futuristic Approach to Porter’s 5 Force Model (2019-2029)
4.3. PEST Analysis
4.3.1. Political
4.3.2. Economical
4.3.3. Social
4.3.4. Technological
4.4. Top investment opportunity
4.5. Top winning strategies
4.6. Industry Experts Prospective
4.7. Analyst Recommendation & Conclusion
Chapter 5. Risk Assessment: COVID-19 Impact
5.1. Assessment of the overall impact of COVID-19 on the industry
5.2. Pre COVID-19 and post COVID-19 Market scenario
Chapter 6. Global SATCOM Equipment Market, by Type
6.1. Market Snapshot
6.2. Global SATCOM Equipment Market by Type, Performance – Potential Analysis
6.3. Global SATCOM Equipment Market Estimates & Forecasts by Type 2019-2029 (USD Billion)
6.4. SATCOM Equipment Market, Sub Segment Analysis
6.4.1. Large (>2500 KG)
6.4.2. Medium (501 – 2500 KG)
6.4.3. Small (1 – 500 KG)
6.4.4. CubeSat (0.27 – 27 Cubic Unit of 103 cm)
Chapter 7. Global SATCOM Equipment Market, by Component
7.1. Market Snapshot
7.2. Global SATCOM Equipment Market by Component, Performance – Potential Analysis
7.3. Global SATCOM Equipment Market Estimates & Forecasts by Component 2019-2029 (USD Billion)
7.4. SATCOM Equipment Market, Sub Segment Analysis
7.4.1. Amplifiers
7.4.2. Transceivers
7.4.3. Space Antennas
7.4.4. Transponders
7.4.5. Others
Chapter 8. Global SATCOM Equipment Market, by Application
8.1. Market Snapshot
8.2. Global SATCOM Equipment Market by Application, Performance – Potential Analysis
8.3. Global SATCOM Equipment Market Estimates & Forecasts by Application 2019-2029 (USD Billion)
8.4. SATCOM Equipment Market, Sub Segment Analysis
8.4.1. Navigation
8.4.2. Scientific Research
8.4.3. Communication
8.4.4. Remote Sensing
8.4.5. Others
Chapter 9. Global SATCOM Equipment Market, by End Use
9.1. Market Snapshot
9.2. Global SATCOM Equipment Market by End Use, Performance – Potential Analysis
9.3. Global SATCOM Equipment Market Estimates & Forecasts by End Use 2019-2029 (USD Billion)
9.4. SATCOM Equipment Market, Sub Segment Analysis
9.4.1. Commercial
9.4.2. Government & Military

Chapter 10. Global SATCOM Equipment Market, Regional Analysis
10.1. SATCOM Equipment Market, Regional Market Snapshot
10.2. North America SATCOM Equipment Market
10.2.1. U.S. SATCOM Equipment Market Type breakdown estimates & forecasts, 2019-2029 Component breakdown estimates & forecasts, 2019-2029 Application breakdown estimates & forecasts, 2019-2029 End Use breakdown estimates & forecasts, 2019-2029
10.2.2. Canada SATCOM Equipment Market
10.3. Europe SATCOM Equipment Market Snapshot
10.3.1. U.K. SATCOM Equipment Market
10.3.2. Germany SATCOM Equipment Market
10.3.3. France SATCOM Equipment Market
10.3.4. Spain SATCOM Equipment Market
10.3.5. Italy SATCOM Equipment Market
10.3.6. Rest of Europe SATCOM Equipment Market
10.4. Asia-Pacific SATCOM Equipment Market Snapshot
10.4.1. China SATCOM Equipment Market
10.4.2. India SATCOM Equipment Market
10.4.3. Japan SATCOM Equipment Market
10.4.4. Australia SATCOM Equipment Market
10.4.5. South Korea SATCOM Equipment Market
10.4.6. Rest of Asia Pacific SATCOM Equipment Market
10.5. Latin America SATCOM Equipment Market Snapshot
10.5.1. Brazil SATCOM Equipment Market
10.5.2. Mexico SATCOM Equipment Market
10.5.3. Rest of Latin America SATCOM Equipment Market
10.6. Rest of The World SATCOM Equipment Market

Chapter 11. Competitive Intelligence
11.1. Top Market Strategies
11.2. Company Profiles
11.2.1. Oxford Space Systems Key Information Overview Financial (Subject to Data Availability) Product Summary Recent Developments
11.2.2. Honeywell International Inc
11.2.3. ISISPACE Group
11.2.4. General Dynamics Corporation
11.2.5. Airbus SE
11.2.6. Mitsubishi Electric Corporation
11.2.7. Harris Corporation
11.2.8. Antwerp Space
11.2.9. Ball Aerospace & Technologies Corporation
11.2.10. Maxar Technologies

Chapter 12. Research Process
12.1. Research Process
12.1.1. Data Mining
12.1.2. Analysis
12.1.3. Market Estimation
12.1.4. Validation
12.1.5. Publishing
12.2. Research Attributes
12.3. Research Assumption

At Bizwit Research and Consultancy, we employ a thorough and iterative research methodology with the goal of minimizing discrepancies, ensuring the provision of highly accurate estimates and predictions over the forecast period. Our approach involves a combination of bottom-up and top-down strategies to effectively segment and estimate quantitative aspects of the market, utilizing our proprietary data & AI tools. Our Proprietary Tools allow us for the creation of customized models specific to the research objectives. This enables us to develop tailored statistical models and forecasting algorithms to estimate market trends, future growth, or consumer behavior. The customization enhances the accuracy and relevance of the research findings.
We are dedicated to clearly communicating the purpose and objectives of each research project in the final deliverables. Our process begins by identifying the specific problem or challenge our client wishes to address, and from there, we establish precise research questions that need to be answered. To gain a comprehensive understanding of the subject matter and identify the most relevant trends and best practices, we conduct an extensive review of existing literature, industry reports, case studies, and pertinent academic research.
Critical elements of methodology employed for all our studies include:
Data Collection:
To determine the appropriate methods of data collection based on the research objectives, we consider both primary and secondary sources. Primary data collection involves gathering information directly from various industry experts in core and related fields, original equipment manufacturers (OEMs), vendors, suppliers, technology developers, alliances, and organizations. These sources encompass all segments of the value chain within the specific industry. Through in-depth interviews, we engage with key industry participants, subject-matter experts, C-level executives of major market players, industry consultants, and other relevant experts. This allows us to obtain and validate critical qualitative and quantitative information while evaluating market prospects. AI and Big Data are instrumental in our primary research, providing us with powerful tools to collect, analyze, and derive insights from data efficiently. These technologies contribute to the advancement of research methodologies, enabling us to make data-driven decisions and uncover valuable findings.
In addition to primary sources, we extensively utilize secondary sources to enhance our research. These include directories, databases, journals focusing on related industries, company newsletters, and information portals such as Bloomberg, D&B Hoovers, and Factiva. These secondary sources enable us to identify and gather valuable information for our comprehensive, technical, market-oriented, and commercial study of the market. Additionally, we utilize AI algorithms to automate the collection of vast amounts of data from various sources such as surveys, social media platforms, online transactions, and web scraping. And employ Big Data technologies for storage and processing of large datasets, ensuring that no valuable information is missed during the data collection process.
Data Analysis:
Our team of experts carefully examine the gathered data using suitable statistical techniques and qualitative analysis methods. For quantitative analysis, we employ descriptive statistics, regression analysis, and other advanced statistical methods, depending on the characteristics of the data. This analysis may also incorporate the utilization of AI tools and big data analysis techniques to extract meaningful insights.
To ensure the accuracy and reliability of our findings, we extensively leverage data science techniques, which help us minimize discrepancies and uncertainties in our analysis. We employ Data Science to clean and preprocess the data, ensuring its quality and reliability. This involves handling missing data, removing outliers, standardizing variables, and transforming data into suitable formats for analysis. The application of data science techniques enhances our accuracy, efficiency, and depth of analysis, enabling us to stay competitive in dynamic market environments.
Market Size Estimation:
Our proprietary data tools play a crucial role in deriving our market estimates and forecasts. Each study involves the creation of a unique and customized model. The model incorporates the gathered information on market dynamics, technology landscape, application development, and pricing trends. AI techniques, such as machine learning and deep learning, aid us to analyze patterns within the data to identify correlations, trends, and relationships. By recognizing patterns in consumer behavior, purchasing habits, or market dynamics, our AI algorithms aid us in more precise estimations of market size. These factors are simultaneously analyzed within the model, allowing for a comprehensive assessment. To quantify their impact over the forecast period, correlation, regression, and time series analysis are employed.
To estimate and validate the market size, we employ both top-down and bottom-up approaches. The preference is given to a bottom-up approach, where key regional markets are analyzed as separate entities. This data is then integrated to obtain global estimates. This approach is crucial as it provides a deep understanding of the industry and helps minimize errors.
In our forecasting process, we consider various parameters such as economic tools, technological analysis, industry experience, and domain expertise. By taking all these factors into account, we strive to produce accurate and reliable market forecasts. When forecasting, we take into consideration several parameters, which include:
Market driving trends and favorable economic conditions
Restraints and challenges that are expected to be encountered during the forecast period.
Anticipated opportunities for growth and development
Technological advancements and projected developments in the market
Consumer spending trends and dynamics
Shifts in consumer preferences and behaviors.
The current state of raw materials and trends in supply versus pricing
Regulatory landscape and expected changes or developments.
The existing capacity in the market and any expected additions or expansions up to the end of the forecast period.
To assess the market impact of these parameters, we assign weights to each one and utilize weighted average analysis. This process allows us to quantify their influence on the market and derive an expected growth rate for the forecasted period. By considering these various factors and applying a weighted analysis approach, we strive to provide accurate and reliable market forecasts.
Insight Generation & Report Presentation:
After conducting the research, our experts analyze the findings in relation to the research objectives and the specific needs of the client. They generate valuable insights and recommendations that directly address the client’s business challenges. These insights are carefully connected to the research findings to provide a comprehensive understanding.
Next, we create a well-structured research report that effectively communicates the research findings, insights, and recommendations to the client. To enhance clarity and comprehension, we utilize visual aids such as charts, graphs, and tables. These visual elements are employed to present the data in an engaging and easily understandable format, ensuring that the information is accessible and visually appealing to the client. Our aim is to deliver a clear and concise report that conveys the research findings effectively and provides actionable recommendations to meet the client’s specific needs.

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