The global satellite communication (SATCOM) equipment market is estimated to reach USD 32.6 Billion in 2024 at a CAGR of 6.7%. Growing demand of uninterrupted broadcasting and increasing adoption of IoT (Internet of Things) is expected to drive the satellite communication (SATCOM) equipment market during the forecast period. However, high deployment cost is expected to restrain the market during the forecast period. New service demands in civilian and defense-related markets is expected to become an opportunity for satellite communication (SATCOM) equipment market.
This market research report offers a comprehensive analysis of key market trends in the global satellite communication (SATCOM) equipment market. It includes detailed discussion on historical market trends, current market dynamics, consumer landscape, growth opportunities and challenges backed by factful feedbacks. On the basis of component, the market is segmented into space segement and earth segment. By application, the satellite communication (SATCOM) equipment market is segmented into telecom, television broadcasting, defence communication, global positioning service (GPS) and others. By end use industry, satellite communication (SATCOM) equipment market is segmented into aerospace & defense, internet service provider, maritime, government and public sector, and others.
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The report on the satellite communication (SATCOM) equipment market covers a deep dive analysis of historic, recent and current market trends. Furthermore, market share/ranking analysis of key players, market dynamics, competition landscape, country wise analysis for each region covered and the entire supply chain dynamics are covered through the below segmentation.
Report Features |
Specifics |
|---|---|
Historical/Estimated/Forecasted Market Size Years |
2017-2024 |
Base Year for Market Calculation |
2018 |
Forecasted Period |
2019-2024 (2019 estimated year, forecasted up to 2024) |
Measured Units |
Value (USD Million) |
Segments Included |
Component, Application, End Use Industry |
Regional Coverage |
Asia-Pacific, North America, Europe, Middle East & Africa, South America |
*Provided for top 10 companies. Subject to availability in public domain.
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