Satellite communication equipment is expended in an extensive range of applications, such as military, telecommunications, weather monitoring, and navigation. The mounting requirement for continuous communication in several industries and augmented requirement for elevated throughput satellite services are the factors driving the growth of the global satellite communication equipment.
On the basis of the technology, the market is subdivided into Satcom-On-The-Pause (SOTP), Satcom Vsat, Satcom Automatic Identification System, Satcom-On-The-Move (SOTM), and Satcom Telemetry.
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Usage of extensive v band for satellite communication, controller-pilot data link communication (CPDLC), multiband tactical communication amplifiers, expansion of satcom on the move (SOTM) antennas, growth of small satellite constellations to improve communication, usage of huge reflectors for elevated speed broadcast, and active direct radiating array technologies are the trends in the satellite communication equipment market.
The mounting requirement for continuous communication in several industries, expanding usage of Internet of Things (IoT), augmented requirement for elevated throughput satellite services, mounting need for customized satcom solutions in the aviation industry, escalating usage of satcom equipment in space exploration, telemetry,and telecommunication, expanding requirement for customized satcom solutions in the maritime industry, and mounting fleet of independent and connected vehicles are the primary growth drivers for satellite communication equipment market.
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Asia-Pacific is observed to witness the fastest growth in the market, due to the augmented usage of satellite antennas in automobiles. In addition, the upsurge in digital TV and escalation in the requirement for mobile broadband are also fueling the growth of the Asia-Pacific market.
General Dynamics, Intellian Technologies, L3 Technologies, Viasat, Gilat Satellite Networks, and Holkirk Communications are the key players offering satellite communication equipment.
Source: VynZ Research