The SATCOM Equipment Market for space is projected to grow at a CAGR 7.49% rate from 2021 to 2026. One of the major factors the increasing launch of satellites for a variety of applications, such as navigation, communication, Earth observation, and remote sensing.
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The CubeSat segment of the SATCOM equipment market for space is projected to grow at the highest during the forecast period. CubeSats are used for a variety of applications, including testing new technologies for space missions and CubeSats launched mainly used for Earth observation and remote sensing applications.
The SATCOM Equipment Market for space has been segmented into commercial, government & military and due to the increasing launch of satellites for communication, Earth observation, and navigation the commercial segment is expected to lead the market.
The SATCOM Equipment Market has been segmented into Earth observation & remote sensing, communication, scientific research & exploration, navigation, and others and due to increase in demand for Earth observation, global connectivity, navigation, and communication the Earth observation & remote sensing segment is projected to grow at the highest rate from 2021 to 2026.
The SATCOM equipment market for space in North America is projected to grow at the highest CAGR during the forecast period due to the increasing launch of satellites in the region for communications, scientific research & development, and Earth observation. Private companies such as OneWeb (US), SpaceX (US), and Amazon (US) are heavily invested in the launch ofÂ small satellites into Low Earth Orbit for communications.
The SATCOM Equipment Market has been categorized as below
By Satellite Type
Small Satellite (1-500 Kg)
Nanosatellite (1-10 kg)
Microsatellite (11-100 kg)
Minisatellite (101-500 kg)
Medium Satellite (501–2,500 Kg)
Large Satellite (Above 2,500 Kg)
Earth Observation & Remote Sensing
Scientific Research & Exploration
By End User
Scientific research and development
Media and entertainment
Government & Military
Department of defense and intelligence agencies
Search and rescue entities
Academic research institutions
Commercial, Government, & Military
Rest of Europe
Rest of APAC
Middle East &Africa
Key Market Players include Airbus SE (Netherlands), Maxar Technologies (US), Mitsubishi Electric Corporation (Japan), General Dynamics Corporation (US), Honeywell International Inc. (US), Harris Corporation (US), ISIS – Innovative Solutions in Space B.V. (Netherlands), and Oxford Space Systems (UK).
Key Questions Addressed by the Report
- What are the key dynamics, such as drivers, opportunities, and trends, governing the SATCOM equipment market for space?
- What are the key sustainability strategies adopted by the leading players operating in the SATCOM equipment market for space?
- What are the new emerging technologies and use cases disrupting the satellite industry?
- Which are the applications wherein SATCOM equipment for space plays a significant role?
- What are the key trends and opportunities in the SATCOM equipment market for space across different regions and their respective countries?
- Who are the key players and innovators in the ecosystem of the SATCOM equipment market for space?
- Which supplier of SATCOM equipment for space had the maximum share in the market in 2018?
- How is the competitive landscape changing in the client ecosystem, and how is this change impacting the revenues of companies?
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