Satellite Communication Terminal Market Dynamics 2031
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.
Satellite Communication Terminal Market Analysis
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 Communication Terminal Market Overview
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.
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Satellite Communication Terminal Market: Strategic Insights
Market Size Value in US$ 4.2 billion in 2023 Market Size Value by US$ 6.0 billion by 2028 Growth rate CAGR of 7.3% from 2023 to 2028 Forecast Period 2023-2028 Base Year 2023
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Satellite Communication Terminal Market: Strategic Insights
| Market Size Value in | US$ 4.2 billion in 2023 |
| Market Size Value by | US$ 6.0 billion by 2028 |
| Growth rate | CAGR of 7.3% from 2023 to 2028 |
| Forecast Period | 2023-2028 |
| Base Year | 2023 |
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Satellite Communication Terminal Market Drivers and Opportunities
Rising Military and Defense Applications to Favor the Market
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.
Integration with 5G Network
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.
Satellite Communication Terminal Market Report Segmentation Analysis
Key segments that contributed to the derivation of the satellite communication terminal market analysis are classification and application.
- Based on the classification, the satellite communication terminal market is divided into C band, X band, S band, Ku band, and Ka band.
- Based on the application, the market is divided into military use and civil use. The military use segment held the largest share in 2023.
Satellite Communication Terminal Market Share Analysis by Geography
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.
Satellite Communication Terminal Market Report Scope
Satellite Communication Terminal Market News and Recent Developments
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:
- Airbus has signed contracts with the Ministries of Defence of the Czech Republic and the Netherlands to provide satellite communications for 15 years. The Armed Forces of the Czech Republic and the Netherlands will utilize 2 and 3 channels, respectively, of the Airbus UHF (Ultra High Frequency) military communications hosted payload on board the EUTELSAT 36D telecommunications satellite scheduled for launch in 2024. (Source: AIRBUS, Press Release, September 2022)
- AvL Technologies (AvL), Datum Systems and Wavestream collaborated on an over-the-air digital interface demonstration in July. The purpose of the successful demonstration was to engage a digital interface modem/BUC pair interconnected by only a CAT5 cable to transmit user data over satellite. (Source: AvL Technologies, Press Release, August 2022)
Satellite Communication Terminal Market Report Coverage and Deliverables
The “Satellite Communication Terminal Market Size and Forecast (2021–2031)” report provides a detailed analysis of the market covering below areas:
- Satellite communication terminal market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
- Satellite communication terminal market trends, as well as market dynamics such as drivers, restraints, and key opportunities
- Detailed PEST/Porter’s Five Forces and SWOT analysis
- Satellite communication terminal market analysis covering key market trends, global and regional framework, major players, regulations, and recent market developments
- Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments for the satellite communication terminal market
- Detailed company profiles
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Classification, Application, and Satellite Type
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
Argentina, Australia, Brazil, Canada, China, France, Germany, India, Italy, Japan, Mexico, Russia, Saudi Arabia, South Africa, South Korea, UAE, UK, US
Frequently Asked Questions
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
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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