Forencis Research Satellite Communication Equipment Market 2024

Global Satellite Communication Equipment Market
Is Estimated to Reach USD 32.6 Billion in 2024
The Global Satellite Communication 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
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 equipment
market.
Satellite communication is defined as the communication taking place between two earth stations
using satellite. In satellite communication the signals are transferred as electromagnetic waves
carrying information such as voice, audio, or any other data. Satellite communication
equipment’s are those components which are used in the assembly of various communication
satellites. Satellite communication covers majority of the space industry. Some key players in
satellite communication equipment are ST Engineering iDirect, Inc. dba iDirect, General
Dynamics Corporation, L3Harris Technologies, Inc., Cobham plc, and Viasat, Inc. among
others.
Satellite Communication (SATCOM) Equipment Market Report Synopsis
This market research report offers a comprehensive analysis of key market trends in the global
satellite communication 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
segment and earth segment. By application, the satellite communication equipment market is
segmented into telecom, television broadcasting, defence communication, global positioning
service (GPS) and others. By end use industry, satellite communication equipment market is
segmented into aerospace & defense, internet service provider, maritime, government and public
sector, and others.
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Satellite Communication (SATCOM) Equipment Market Report Scope
The report on the satellite communication equipment market covers a deep dive analysis of
historic, recent and current market trends. Furthermore, market share/ranking analysis of key