The satellite communication terminal market size is projected to reach US$ 7.38 billion by 2031 from US$ 4.20 billion in 2023. The market is expected to register a CAGR of 7.3% during 2023–2031. Miniaturization and integration with terrestrial networks are likely to remain a key trend in the market.
A SATCOM terminal, short for Satellite Communications Terminal, is a device that establishes communication linkages via satellites. It includes an antenna for signal transmission and reception, a modem for data modulation and demodulation, and, in some cases, signal amplifiers. The terminal communicates with satellites orbiting the Earth, which transmit messages to ground stations or other terminals. This technique permits long-distance communication in remote or inaccessible locations.
Satellite communications terminals have a wide variety of uses. They are used in military operations to ensure secure and reliable communication, in aviation for air traffic control and aircraft communication, in maritime for vessel tracking and safety communications, in disaster response to establish emergency communication, in broadcasting to transmit TV and radio signals, and in remote areas where terrestrial networks do not exist.
Military units use communication satellites to organize and coordinate their infantry and field units. They enable tactical communication on the go and maybe simply integrated into vehicles, naval vessels, and airplanes. SATCOM is a critical component of the military's C4ISR system (Command, Control, Communications, Computers, Intelligence, Surveillance, and Reconnaissance). It permits real-time communication between dispersed forces, navigation, and remote monitoring, all of which improve the efficiency of military operations. With technological developments, the quality, speed, and accuracy of satellite communication have substantially improved, allowing for greater strategic planning and execution. In November 2023, Intelsat announced that it would soon provide the U.S Army with new, flexible, and fully managed multi-orbit satellite communications (SATCOM) support, following the award of the Army’s first-ever Satellite Communication (SATCOM) as a Managed Service (SaaMS) contract. This is driving the market growth.
SATCOM and 5G can be combined to form a network that offers seamless connectivity across many communication technologies, such as cellular, Wi-Fi, and satellite. This integrated network is suitable for a variety of applications, including remote sensing, unmanned vehicles, and augmented reality. In an Electronic Warfare (EW) scenario, SATCOM and 5G can collaborate to provide secure and durable communication capabilities resistant to jamming, interception, and other forms of interference. SATCOM can provide a backup communication channel in the event that the terrestrial network is jammed or disrupted, whereas 5G can provide a secure and robust communication network for local communication between various units and platforms.
Key segments that contributed to the derivation of the satellite communication terminal market analysis are classification and application.
The geographic scope of the satellite communication terminal market report is mainly divided into five regions: North America, Asia Pacific, Europe, Middle East & Africa, and South & Central America.
North America dominated the satellite communication terminal market share in 2023. Countries in the region, such as the US and Canada, have high investments in the defense sector. In August 2021, the US Navy awarded a contract for 16 satellite communication terminals to L3Harris Technologies, Inc. This contract is said to be worth US$ 18 million and is expected to provide access to commercial broadband communications during maritime operations. This is driving the growth of the market in the region.
The regional trends and factors influencing the Satellite Communication Terminal Market throughout the forecast period have been thoroughly explained by the analysts at Insight Partners. This section also discusses Satellite Communication Terminal Market segments and geography across North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America.
| Report Attribute | Details |
|---|---|
| Market size in 2023 | US$ 4.20 Billion |
| Market Size by 2031 | US$ 7.38 Billion |
| Global CAGR (2023 - 2031) | 7.3% |
| Historical Data | 2021-2022 |
| Forecast period | 2024-2031 |
| Segments Covered |
By Classification
|
| Regions and Countries Covered | North America
|
| Market leaders and key company profiles |
The Satellite Communication Terminal Market market is growing rapidly, driven by increasing end-user demand due to factors such as evolving consumer preferences, technological advancements, and greater awareness of the product's benefits. As demand rises, businesses are expanding their offerings, innovating to meet consumer needs, and capitalizing on emerging trends, which further fuels market growth.
Market players density refers to the distribution of firms or companies operating within a particular market or industry. It indicates how many competitors (market players) are present in a given market space relative to its size or total market value.
Major Companies operating in the Satellite Communication Terminal Market are:
Disclaimer: The companies listed above are not ranked in any particular order.
The satellite communication terminal market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. A few of the developments in the satellite communication terminal market are listed below:
The “Satellite Communication Terminal Market Size and Forecast (2021–2031)” report provides a detailed analysis of the market covering below areas:
Rising demand for high-speed internet and military and defense applications are expected to drive the satellite communication terminal market.
North America dominated the satellite communication terminal market in 2023.
Miniaturization and integration with terrestrial networks are likely to remain key trends in the market.
Airbus, AVL Technologies, Collins Aerospace, General Dynamics Mission Systems, Inc., Honeywell International Inc., L3Harris Technologies, Inc., NEC Corporation, ST ENGINEERING, Thales Group, and Viasat, Inc. are among the leading payers operating in the satellite communication terminal market.
The satellite communication terminal market size is projected to reach US$ 7.38 billion by 2031
The satellite communication terminal market is expected to register a CAGR of 7.3% during 2023–2031