The report on the SATCOM
equipment market for space provides an analysis of the market from 2017 to
2025. It discusses industry and technology trends currently prevailing in the
market, along with drivers, restraints, challenges, and opportunities influencing
the growth of the market. The SATCOM
equipment market for space is projected to grow from USD 2.8 billion in 2019 to
USD 7.0 billion by 2025, at a CAGR of 16.8% from 2019 to 2025. The market is expected to witness
substantial growth in the North American and Asian Pacific regions during the
forecast period due to increasing satellite launches in these regions.
Countries such as China and India are heavily invested in the development of their
space programs and are periodically launching satellites for communications,
navigation, and earth observation.
By end user, the commercial segment of the
market is projected to grow at the highest CAGR during the forecast period. The
growth of this segment can be attributed to large investments being made by
various private players to launch constellations of satellites for
communication and Earth observation. For instance, according to the 20th
edition of Euroconsult’s “Satellites to be Built & Launched” report, 3,000
satellites will be launched between 2017 and 2026. 1,800 small satellites were
launched in 2017 by 23 commercial constellations, of which 1,000 small
satellites were launched by OneWeb, into Low Earth Orbit.
By component, the transponders segment of the
market is projected to grow at the highest CAGR during the forecast period. Demand
for transponders for satellites is driven by the increasing launch of
satellites to cater to the growing demand for broadband access, DTH
(direct-to-home), and DTT (digital terrestrial television), among others.
Increased need for global connectivity, the introduction of 5G, and the launch
of satellites for such applications are driving the market for transponders.
The introduction of 5G has made manufacturers launch 10–GigE (Gigabit Ethernet)
transponders, which have high port density and relatively lower port cost. Innovative
companies such as Fujitsu (Japan) have developed transponders for optical
communications. Such innovations are driving the market for transponders.
By region, the North America SATCOM equipment
market for space is projected to grow at the highest CAGR during the forecast
period. North America is technologically advanced and has a variety of space
missions dedicated to scientific research and experimentation. Private players
in the US, such as OneWeb, SpaceX, and Amazon, are invested in the development and
launch of satellites for communication. Such launches are expected to have a
significant impact on the SATCOM equipment market for space in North America.
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