Global Satellite Communication (SATCOM) Market

Satellite Communication (SATCOM) Market Size, Share, Growth Analysis, By Components(Equipment (SATCOM Transmitter/Transponder, SATCOM Antenna), By Application(Asset Tracking/Monitoring, Airtime (M2M), By Verticals(Energy & Utility, Government & Defense (Government) - Industry Forecast 2024-2031


Report ID: SQMIG45H2017 | Region: Global | Published Date: July, 2001
Pages: 157 | Tables: 121 | Figures: 76

Satellite Communication (SATCOM) Market Insights

Global Satellite Communication (SATCOM) Market size was valued at USD 71.6 billion in 2019 and is poised to grow from USD 77.1 billion in 2023 to USD 159.6 billion by 2031, growing at a CAGR of 9.5% in the forecast period (2024-2031).

Satellite communication is the use of artificial satellites to provide communication links between various points on Earth. A communication satellite is an artificial satellite that uses a transponder to amplify and connect radio telecommunications signals. It establishes a communication channel between a source transmitter and a receiver that is distributed across the globe. Satellite communication is widely used in television, telephone, radio, internet, and military applications.

The high-frequency radio waves used for telecommunications links travel in a straight line and are thus obstructed by the earth's curvature. The vital role of communication satellites is to connect the signal around the curve of the earth, allowing communication between geographically separated locations. Satellite communication employs a wide range of radio and microwave frequencies. International organizations have regulations governing which frequency ranges or bands are assigned to specific organizations to avoid signal interference. The allocation of bands thus reduces the risk of signal interference.

US Satellite Communication (SATCOM) Market is poised to grow at a sustainable CAGR for the next forecast year.

Market snapshot - 2024-2031

Global Market Size

USD 71.6 billion

Largest Segment

Equipment

Fastest Growth

Equipment

Growth Rate

9.5% CAGR

Global Satellite Communication (SATCOM) Market ($ Bn)
Country Share for North America Region (%)
Global Satellite Communication (SATCOM) Market By Components ($ Bn)
Global Satellite Communication (SATCOM) Market By Components (%)

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Satellite Communication (SATCOM) Market Segmental Analysis

The Global Satellite Communication (SATCOM) Market is segmented based on Components, Applications, Verticals, and regions. Based on Components Satellite Communication (SATCOM) Market is categorized into Equipment (SATCOM Transmitter/Transponder, SATCOM Antenna, SATCOM Transceiver, SATCOM Receiver, SATCOM Modem/Router, Others), and Services. Based on Application Satellite Communication (SATCOM) Market is categorized into Asset Tracking/Monitoring, Airtime (M2M, Voice, Data), Drones Connectivity, Data Backup and Recovery, Navigation and Monitoring, Tele-medicine, Broadcasting, and Others. Based on Verticals Satellite Communication (SATCOM) Market is categorized into Energy & Utility, Government & Defense (Government, Emergency Responders, Defense), Transport & Cargo (Fleet Management, Rail services), Maritime, Mining, and Oil & Gas (Oil & Gas, Mining), Agriculture, Communication Companies, Corporates/Enterprises, Media & Broadcasting, Events, Aviation, Environmental & Monitoring, Forestry, End User - Consumer, Healthcare, Others. Based on the region it is categorized into North America, Europe, Asia-Pacific, South America, and MEA.

Satellite Communication (SATCOM) Market Analysis by Components

In 2022, the SATCOM equipment segment accounted for more than 50% of the market. The segment is likely to maintain its dominance and grow at the fastest rate throughout the forecast period. The segment is subdivided further into SATCOM transmitter/transponder, antenna, transceiver, receiver, modem/router, and others. The growing need for continuous communication in a variety of industries, including oil and gas, energy and utilities, agriculture, and defense, as well as the global fleet of connected and autonomous vehicles, are driving growth in the equipment segment.

SATCOM equipment is widely used in a wide range of applications, including military surveillance, weather monitoring, navigation, and telecommunications. Furthermore, during wartime, SATCOM equipment is used to collect real-time data, locate undetected tunnels, integrate targets, and track movements, among other things. Furthermore, the growing demand for high-throughput satellite services, as well as the increasing adoption of cloud-based services for ground mobility platforms, are driving the segment's growth.

Satellite Communication (SATCOM) Market Analysis by Application

In 2022, the broadcasting segment dominated the SATCOM market, accounting for approximately 25% of the Satellite Communication (SATCOM) Market share. Over the forecast period, the segment is expected to maintain its lead. Broadcasting services include direct-to-consumer television and radio, as well as mobile broadcasting services. The advantages of satellite TV, a type of pay-TV, and radio, such as seamless connectivity in remote areas or locations, are fueling the segment's growth. However, the prevalence of over-the-top (OTT) services has been observed to stifle Satellite Communication (SATCOM) Market growth. Airtime, navigation and monitoring, asset tracking, data backup and recovery, drone connectivity, telemedicine, and other services are included in the application segment.

Global Satellite Communication (SATCOM) Market By Components, 2023 (%)

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Satellite Communication (SATCOM) Market Regional Insights

North America dominated the satellite communication market, accounting for more than 39% in 2022. The increase is attributed to the defense industry's increasing demand for continuous communication and the US defense department's increased demand for SATCOM equipment. Furthermore, the presence of a large number of SATCOM providers, such as Viasat, Inc., Telesat, and EchoStar Corporation, is fueling the Satellite Communication (SATCOM) Market growth. Furthermore, the North American market is expected to expand at a significant CAGR in the coming years as military communication infrastructure is strengthened.

Asia Pacific is expected to grow the most during the forecast period. China and Japan are major contributors to the regional market expansion. The increased use of satellite antennas in the telecommunications, information technology, aerospace, and automobile industries can be attributed to the growth. Europe is expected to experience the second-fastest growth in the coming years as a result of infrastructure modernization and increased passenger traffic in marine and coastal tourism.

Global Satellite Communication (SATCOM) Market By Region, 2024-2031
  • Largest
  • Fastest

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Satellite Communication (SATCOM) Market Dynamics

Satellite Communication (SATCOM) Market Driver

High-end use of SATCOM technology to impel the market growth

  • Satellite communication market will find lucrative growth opportunities in the agriculture and public safety industry in the coming years. The rise in demand is due to the need to transfer data collected by observational and navigational satellites, thus bolstering growth of data communication.
  • Companies are increasingly using SATCOM to collect operational data to improve efficiency and realize more sustainable business practices. Companies with operations in geographically remote areas rely heavily on satellite communication to enable real-time asset monitoring and facility monitoring at offshore platforms and unmanned sites. Furthermore, as many business facilities are located in remote areas, deploying terrestrial networks cloud becomes an expensive endeavor. As a result, these companies opt for satellite/mobile satellite services. These factors are going to accelerate the demand for SATCOM in the market in the forecast years.

Satellite Communication (SATCOM) Market Restraint

Significant costs of maintenance to restrict the market growth

  • The high development and maintenance costs in SATCOM are expected to be a restraint for the global Satellite Communication (SATCOM) Market over the forecast period. 
  • The use of satellite communication in transportation networks, including logistics, is expected to increase in the coming years, providing new and diverse growth opportunities for the global market.

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Satellite Communication (SATCOM) Market Competitive Landscape

Companies are trying to expand their product pipelines by submitting new molecule applications or expanding the application of current molecules. Other strategies, including mergers and acquisitions, industry-academia partnerships to commercialize more marketed molecules, or sequencing approaches, will also have an impact on current Satellite Communication (SATCOM) Market trends. The research also outlines company-specific product development strategies, and Satellite Communication (SATCOM) Market consolidation initiatives, and analyses their strengths, weaknesses, opportunities, and threats.

Satellite Communication (SATCOM) Market Top Player's Company Profiles

  • Inmarsat plc
  • Intelsat S.A.
  • SES S.A.
  • Eutelsat Communications S.A.
  • Viasat, Inc.
  • Iridium Communications Inc.
  • Hughes Network Systems LLC
  • Globalstar, Inc.
  • Thuraya Telecommunications Company
  • ORBCOMM Inc.
  • Ligado Networks LLC
  • Satcom Global Ltd
  • Kongsberg Satellite Services AS
  • Cobham SATCOM
  • Comtech Telecommunications Corp.
  • Gilat Satellite Networks Ltd.
  • KVH Industries, Inc.
  • Space Exploration Technologies Corp. (SpaceX)
  • China Satellite Communications Co. Ltd. (China Satcom)
  • Hispasat Group

Satellite Communication (SATCOM) Market Recent Developments

  • In June 2022, ISRO will be launching the communication satellite GSAT-24 from French Guiana. GSAT-24 is a 24-Ku band communication satellite that provides pan-India coverage for DTH applications.
  • In May 2022, three low-Earth-orbit test communication satellites were launched from China's Jiuquan Satellite Launch Center in the northwest using a Long March-2C carrier rocket.

Satellite Communication (SATCOM) Key Market Trends

  • The growing demand for small satellites for earth observation services in a variety of industries, including civil engineering, agriculture, energy, oil and gas, and others, is propelling satellite communications. CubeSats are widely used by defense organizations around the world to improve battlefield communications and weather monitoring. Small satellite development aids in the improvement of ground operations for high-speed internet, mobile satellite communication, and broadband services. These satellites provide high-resolution images at a low cost. In February 2021, India launched 100 Femto satellites. These are tiny satellites with low mass and size collect scientific data and serve as radio relays.
  • Companies across geographies are focusing on expanding their IoT reach with the help of satellite communication through strategic alliances, collaborations, and partnerships as organizations adopt IoT. For example, in November 2021, Rakuten Mobile, in collaboration with the University of Tokyo Graduate School of Engineering, will use Low Earth Orbit (LEO) satellites to enable long-distance communications with existing narrowband (NB) devices. The collaboration is expected to focus on LTE satellite communications stabilization and optimization, the development of relevant NB-IoT software, and the exploration of use cases for IoT ultra-coverage.

Satellite Communication (SATCOM) Market SkyQuest Analysis

SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected by means of Primary Exploratory Research backed by the robust Secondary Desk research. SQ identified the key trends of the market.

According to the global satellite communication (SATCOM) market report analysis, some of the primary factors driving the market growth are emerging applications and business models, as well as falling device costs, which have aided in driving IoT adoption, increasing the number of connected devices and endpoints globally. The massive IoT technologies NB-IoT and Cat-M1 are still being deployed globally. Massive IoT technologies are expected to account for 51% of all cellular IoT connections, surpassing broadband IoT cellular connections. This massive increase in IoT adoption is driving the demand for satellite communication, thereby supporting the growth of the Satellite Communication (SATCOM) Market under consideration.

Report Metric Details
Market size value in 2023 USD 71.6 billion
Market size value in 2031 USD 159.6 billion
Growth Rate 9.5%
Forecast period 2024-2031
Forecast Unit (Value) USD Billion
Segments covered
  • Components
    • Equipment (SATCOM Transmitter/Transponder, SATCOM Antenna, SATCOM Transceiver, SATCOM Receiver, SATCOM Modem/Router, Others), Services
  • Application
    • Asset Tracking/Monitoring, Airtime (M2M, Voice, Data), Drones Connectivity, Data Backup, Recovery, Navigation, Monitoring, Tele-medicine, Broadcasting, Others
  • Verticals
    • Energy & Utility, Government & Defense (Government, Emergency Responders, Defense), Transport & Cargo (Fleet Management, Rail services), Maritime, Mining, Oil & Gas (Oil & Gas, Mining), Agriculture, Communication Companies, Corporates/Enterprises, Media & Broadcasting, Events, Aviation, Environmental & Monitoring, Forestry, End User - Consumer, Healthcare, Others
Regions covered North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA)
Companies covered
  • Inmarsat plc
  • Intelsat S.A.
  • SES S.A.
  • Eutelsat Communications S.A.
  • Viasat, Inc.
  • Iridium Communications Inc.
  • Hughes Network Systems LLC
  • Globalstar, Inc.
  • Thuraya Telecommunications Company
  • ORBCOMM Inc.
  • Ligado Networks LLC
  • Satcom Global Ltd
  • Kongsberg Satellite Services AS
  • Cobham SATCOM
  • Comtech Telecommunications Corp.
  • Gilat Satellite Networks Ltd.
  • KVH Industries, Inc.
  • Space Exploration Technologies Corp. (SpaceX)
  • China Satellite Communications Co. Ltd. (China Satcom)
  • Hispasat Group
Customization scope

Free report customization with purchase. Customization includes:-

  • Segments by type, application, etc
  • Company profile
  • Market dynamics & outlook
  • Region

Historical Year 2019

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Table Of Content

Executive Summary

Market overview

  • Exhibit: Executive Summary – Chart on Market Overview
  • Exhibit: Executive Summary – Data Table on Market Overview
  • Exhibit: Executive Summary – Chart on Satellite Communication (SATCOM) Market Characteristics
  • Exhibit: Executive Summary – Chart on Market by Geography
  • Exhibit: Executive Summary – Chart on Market Segmentation
  • Exhibit: Executive Summary – Chart on Incremental Growth
  • Exhibit: Executive Summary – Data Table on Incremental Growth
  • Exhibit: Executive Summary – Chart on Vendor Market Positioning

Parent Market Analysis

Market overview

Market size

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • SWOT Analysis

KEY MARKET INSIGHTS

  • Technology Analysis
    • (Exhibit: Data Table: Name of technology and details)
  • Pricing Analysis
    • (Exhibit: Data Table: Name of technology and pricing details)
  • Supply Chain Analysis
    • (Exhibit: Detailed Supply Chain Presentation)
  • Value Chain Analysis
    • (Exhibit: Detailed Value Chain Presentation)
  • Ecosystem Of the Market
    • Exhibit: Parent Market Ecosystem Market Analysis
    • Exhibit: Market Characteristics of Parent Market
  • IP Analysis
    • (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
  • Trade Analysis
    • (Exhibit: Data Table: Import and Export data details)
  • Startup Analysis
    • (Exhibit: Data Table: Emerging startups details)
  • Raw Material Analysis
    • (Exhibit: Data Table: Mapping of key raw materials)
  • Innovation Matrix
    • (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
  • Pipeline product Analysis
    • (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
  • Macroeconomic Indicators

COVID IMPACT

  • Introduction
  • Impact On Economy—scenario Assessment
    • Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
  • Revised Market Size
    • Exhibit: Data Table on Satellite Communication (SATCOM) Market size and forecast 2021-2027 ($ million)
  • Impact Of COVID On Key Segments
    • Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
  • COVID Strategies By Company
    • Exhibit: Analysis on key strategies adopted by companies

MARKET DYNAMICS & OUTLOOK

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • Regulatory Landscape
    • Exhibit: Data Table on regulation from different region
  • SWOT Analysis
  • Porters Analysis
    • Competitive rivalry
      • Exhibit: Competitive rivalry Impact of key factors, 2021
    • Threat of substitute products
      • Exhibit: Threat of Substitute Products Impact of key factors, 2021
    • Bargaining power of buyers
      • Exhibit: buyers bargaining power Impact of key factors, 2021
    • Threat of new entrants
      • Exhibit: Threat of new entrants Impact of key factors, 2021
    • Bargaining power of suppliers
      • Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
  • Skyquest special insights on future disruptions
    • Political Impact
    • Economic impact
    • Social Impact
    • Technical Impact
    • Environmental Impact
    • Legal Impact

Market Size by Region

  • Chart on Market share by geography 2021-2027 (%)
  • Data Table on Market share by geography 2021-2027(%)
  • North America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • USA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Canada
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Europe
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Germany
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Spain
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • France
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • UK
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Europe
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Asia Pacific
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • China
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • India
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Japan
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Korea
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Asia Pacific
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Latin America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Brazil
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of South America
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Middle East & Africa (MEA)
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • GCC Countries
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Africa
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of MEA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)

KEY COMPANY PROFILES

  • Competitive Landscape
    • Total number of companies covered
      • Exhibit: companies covered in the report, 2021
    • Top companies market positioning
      • Exhibit: company positioning matrix, 2021
    • Top companies market Share
      • Exhibit: Pie chart analysis on company market share, 2021(%)

Methodology

For the Satellite Communication (SATCOM) Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:

1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.

2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Satellite Communication (SATCOM) Market.

3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.

4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.

Analyst Support

Customization Options

With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Satellite Communication (SATCOM) Market:

Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.

Regional Analysis: Further analysis of the Satellite Communication (SATCOM) Market for additional countries.

Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.

Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.

Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.

Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.

Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.

Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.

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FAQs

Satellite Communication (SATCOM) Market size was valued at USD 71.6 billion in 2019 and is poised to grow from USD 77.1 billion in 2023 to USD 159.6 billion by 2031, growing at a CAGR of 9.5% in the forecast period (2024-2031).

Companies are trying to expand their product pipelines by submitting new molecule applications or expanding the application of current molecules. Other strategies, including mergers and acquisitions, industry-academia partnerships to commercialize more marketed molecules, or sequencing approaches, will also have an impact on current Satellite Communication (SATCOM) Market trends. The research also outlines company-specific product development strategies, and Satellite Communication (SATCOM) Market consolidation initiatives, and analyses their strengths, weaknesses, opportunities, and threats. 'Inmarsat plc', 'Intelsat S.A.', 'SES S.A.', 'Eutelsat Communications S.A.', 'Viasat, Inc.', 'Iridium Communications Inc.', 'Hughes Network Systems LLC', 'Globalstar, Inc.', 'Thuraya Telecommunications Company', 'ORBCOMM Inc.', 'Ligado Networks LLC', 'Satcom Ltd', 'Kongsberg Satellite Services AS', 'Cobham SATCOM', 'Comtech Telecommunications Corp.', 'Gilat Satellite Networks Ltd.', 'KVH Industries, Inc.', 'Space Exploration Technologies Corp. (SpaceX)', 'China Satellite Communications Co. Ltd. (China Satcom)', 'Hispasat Group'

Satellite communication market will find lucrative growth opportunities in the agriculture and public safety industry in the coming years. The rise in demand is due to the need to transfer data collected by observational and navigational satellites, thus bolstering growth of data communication.

The growing demand for small satellites for earth observation services in a variety of industries, including civil engineering, agriculture, energy, oil and gas, and others, is propelling satellite communications. CubeSats are widely used by defense organizations around the world to improve battlefield communications and weather monitoring. Small satellite development aids in the improvement of ground operations for high-speed internet, mobile satellite communication, and broadband services. These satellites provide high-resolution images at a low cost. In February 2021, India launched 100 Femto satellites. These are tiny satellites with low mass and size collect scientific data and serve as radio relays.

North America dominated the satellite communication market, accounting for more than 39% in 2022. The increase is attributed to the defense industry's increasing demand for continuous communication and the US defense department's increased demand for SATCOM equipment. Furthermore, the presence of a large number of SATCOM providers, such as Viasat, Inc., Telesat, and EchoStar Corporation, is fueling the Satellite Communication (SATCOM) Market growth. Furthermore, the North American market is expected to expand at a significant CAGR in the coming years as military communication infrastructure is strengthened.

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