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Airborne L-Band SATCOM Market 2025 Trends: Predicted To Grow At A CAGR Of 5.6% From 2021 To 2030, Report
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Prime determinants of growth
Increase in demand for SATCOM on-the-move (OTM) solutions, rise in adoption in high-altitude, long endurance (HALE) and medium altitude, long endurance (MALE) UAVs for surveillance applications, and modernization of air traffic management system drive the growth of the global airborne L-Band SATCOM market. However, cybersecurity issues and backend operations hinder the market growth. On the other hand, development of ultra-compact SATCOM terminals and increase in demand for long-haul flights present new opportunities in the coming years.
The commercial aircraft segment to maintain its leadership status throughout the forecast period
Based on platform, the commercial aircraft segment held the highest market share in 2020, accounting for around one-third of the global airborne L-Band SATCOM market, and is estimated to maintain its leadership status throughout the forecast period. This is due to major SATCOM companies being working together to create SATCOM solutions for the growing commercial aviation industry. However, the UAV segment is projected to manifest the highest CAGR of 7.5% from 2021 to 2030, owing to increase in demand for UAVs in various applications.
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North America to maintain its dominance by 2030
Based on region, North America held the highest market share in terms of revenue 2020, accounting for around one-third of the global airborne L-Band SATCOM market. This is due to an increase in demand for military satellite systems and equipment in the U.S. and Canada. However, the Asia-Pacific region is expected to witness the fastest CAGR of 6.6% from 2021 to 2030. This is due to increase in focus on strengthening various military industries in emerging nations such as China and India.
Leading Market Players:-
ASELSAN A.S.
Ball Corporation
Cobham Ltd
Honeywell International Inc.
Hughes Network Systems, LLC
Inmarsat Global Limited
Iridium Communications Inc.
Raytheon Technologies Corporation
Teledyne Technologies Incorporated
Thales Group
Viasat Inc.
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Key Findings Of The Study
By platform, the UAV segment is expected to register a significant growth during the forecast period.
By component, the modems and routers segment is anticipated to exhibit significant growth in the near future.
By application, the commercial segment is anticipated to exhibit significant growth in the near future.
By installation type, the upgradation segment is anticipated to exhibit significant growth in the near future.
By region, Asia-Pacific is anticipated to register the highest CAGR during the forecast period.
Similar Reports We Have on Aerospace and Defence Industry:
Drone Communication Market
Directed Energy Weapons Market
Drone Camera Market
David Correa
Allied Market Research
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