(MENAFN- IMARC Group) According to the latest report by IMARC Group, titled "Satellite Communication (SATCOM) Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026", the global satellite communication (SATCOM) market size exhibited moderate growth during 2015-2020. Looking forward, IMARC Group expects the global satellite communication (SATCOM) market to grow at a CAGR of around 8% during 2021-2026. Satellite communication (SATCOM) refers to a technology that facilitates smooth communication by transmitting radio waves from satellites. These signals are further captured and processed through transponders located on the ground. It uses artificial satellites for voice, video and audio transmission that allow radio broadcasting, navigation, and weather monitoring in a seamless manner. SATCOM also offers secure, uninterrupted and private communication as well as stable network connectivity across rural locations and developing countries.
As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviors of the consumers globally-our estimates about the latest market trends and forecast values after considering the impact of this pandemic.
Market Trends:
The global market is majorly driven by continual technological advancements in the aerospace, defense and telecom sectors. Moreover, the widespread integration of the Internet of Things (IoT) and artificial intelligence (AI) with SATCOM is also creating a positive outlook for the market. IoT devices widely utilize satellite connectivity to transmit and exchange real-time data during flight operations and air traffic management, thereby providing an impetus to the market growth. Moreover, the rising adoption of the SATCOM telemetry and automatic identification system in the defense sector to assist in tracking and identifying marine vehicles across the globe is further propelling the market growth.
Key Market Segmentation:
Competitive Landscape with Key Players:
The competitive landscape of the industry has also been examined along with the profiles of the key players.
Cobham Limited
EchoStar Corporation
General Dynamics Corporation
Gilat Satellite Networks
Honeywell International Inc.
L3Harris Technologies Inc.
SES S.A
SKY Perfect JSAT Holdings Inc
Telesat (Loral Space & Communications Inc.)
Thuraya Telecommunications Company (Al Yah Satellite Communication Company)
Viasat Inc.
Breakup by Component:
Equipment
Transmitter/Transponder
Antenna
Transceiver
Receiver
Modem/Router
Others
Services
Breakup by Application:
Voice Communication
Broadcasting
Data Communication
Breakup by End-Use Industry:
Aerospace and Defense
Transportation and Logistics
Agriculture
Government and Military
Media and Entertainment
Others
Breakup by Region:
North America (United States, Canada)
Europe (Germany, France, United Kingdom, Italy, Spain, Others)
Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
Latin America (Brazil, Mexico, Others)
Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
Key highlights of the Report:
Market Performance (2015-2020)
Market Outlook (2021-2026)
Porter's Five Forces Analysis
Market Drivers and Success Factors
SWOT Analysis
Value Chain
Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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