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Research Nester published a report titled “SATCOM Transceivers Market: Global Demand Analysis & Opportunity Outlook 2031” which delivers detailed overview of theglobalSATCOM transceivers market in terms of market segmentation by application, end user, and by region.
Further, for the in-depth analysis, the report encompasses the industry growth indicators, restraints, supply and demand risk, along with detailed discussion on current and future market trends that are associated with the growth of the market.
The global SATCOM transceivers market is estimated to occupy a substantial revenue by growing at a CAGR of ~9% during the forecast period, i.e., 2022 – 2031, ascribing to the growing number of satellites launched in the last few years, and upsurge in demand for enhanced data communication worldwide. Along with these, escalating dispatch of satellites for applications such as weather pattern monitoring, remote sensing, agriculture monitoring and navigation is also expected to drive the growth of the market in the forthcoming years.
The market is segmented by application and end user. Based on application, the communication segment is anticipated to occupy the largest share during the forecast period in view of the increasing need for high-speed data communication, which in turn is predicted to raise the use of satellite transceivers. Additionally, by end user, the government segment is projected to acquire the largest share over the forecast period attributing to the escalating focus of government agencies to launch satellites for earth observation and weather pattern monitoring.
Geographically, the global SATCOM transceivers market is segmented into five major regions, namely North America, Europe, Latin America, Asia Pacific, and the Middle East & Africa. North America is evaluated to gather the largest share in the market during the forecast period attributing to the rising launch of satellites for providing 5G internet connectivity, and strong presence of major market players in the region. Moreover, the market in Asia Pacific is assessed to witness noteworthy growth over the forecast period on the back of the growing investments in space programs, and escalating launch of satellites for scientific research & development in the region.
The research is global in nature and covers detailed analysis on the market in North America (U.S., Canada), Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC [Finland, Sweden, Norway, Denmark], Poland, Turkey, Russia, Rest of Europe), Latin America (Brazil, Mexico, Argentina, Rest of Latin America), Asia-Pacific (China, India, Japan, South Korea, Indonesia, Singapore, Malaysia, Australia, New Zealand, Rest of Asia-Pacific), Middle East and Africa (Israel, GCC [Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman], North Africa, South Africa, Rest of Middle East and Africa). In addition, analysis comprising market size, Y-O-Y growth & opportunity analysis, market players' competitive study, investment opportunities, demand for future outlook etc. has also been covered and displayed in the research report.
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Increasing Number of Satellite Launches Globally to Drive Market Growth
Since the last decade, large number of satellites have been launched into the space for a variety of applications, including earth observation and remote sensing. In addition, rise in launch of satellites can also be credited to the rising demand for 5G high-speed internet, global connectivity and optical communications, which in turn is anticipated to drive significant market growth in the near future.
However, expensive development and maintenance of infrastructures for supporting SATCOM devices is expected to operate as key restraint to the growth of the global SATCOM transceivers market over the forecast period.
This report also provides the existing competitive scenario of some of the key players of the global SATCOM transceivers market which includes company profiling of AnaCom, Inc., ACORDE Technologies S.A., Advantech Wireless Technologies, Inc., Comtech EF Data Corporation, ND SatCom GmbH, CPI International Inc, REMEC Broadband Wireless Networks LLC, Arralis Ltd., Amplus Communication, ViaLite Communications, and others. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global SATCOM transceivers market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
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