Satellite Antenna Market To Reach USD 3592 Million By 2028 With A CAGR of 5.8%| Valuates Reports

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Jan 18, 2023, 10:00 ET

BANGALORE, India, Jan. 18, 2023 /PRNewswire/ -- Satellite Antenna Market is segmented by type (C Band, K/KU/KA Band, S And L Band, X Band, VHF And UHF Band, Other Frequency Bands), by application (Space, Land, Maritime, Airborne) : Global Opportunity Analysis and Industry Forecast, 2021-2031. It is published in Valuates Reports under the Internet & Telecom Category.

The global Satellite Antenna market size is estimated to be worth USD 2414 million in 2021 and is forecast to reach size of USD 3592 million by 2028 with a CAGR of 5.8% during the review period.

Major factors driving the growth of the Satellite Antenna Market

In a number of important areas, including maritime interdiction, border protection, mobile telecom, etc., where the demand for sophisticated communication capabilities has grown significantly over the past several years, satellite antenna systems have emerged as a significant answer.

The satellite antenna market is expanding as a result of technological developments in the field of satellite antennas, which have increased their transmission capacity and reduced the cost of launching satellites for both commercial and military purposes.

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TRENDS INFLUENCING THE GROWTH OF THE SATELLITE ANTENNA MARKET

A change in requirements for both satellite and ground terminal antennas is being driven by the expansion of low earth orbit (LEO) and medium earth orbit (MEO) satellite constellations and the move toward dedicated ground stations for satellite communications as a service. The cost-effective exploitation of onboard power and bandwidth resources is necessary for point-to-multipoint and multipoint-to-multipoint satellite communications. This results in the application of sophisticated antenna concepts, thereby driving the growth of the Satellite Antenna market.

Airborne modems must travel across networks on numerous transponders and satellites, controlled from a number of hubs and networks, in order to provide worldwide coverage. Both civilian and military applications frequently use airborne satellite communication. A phased array antenna should be used to improve ASC communication between aircraft and satellites. With the development of commercial broadband satellite communication systems and series for in-flight civil airplanes, satellite broadband capabilities are now necessary. By offering in-flight connectivity for real-time flight crew information and introducing live TV and high-speed connections, ASC may improve airline operations. Persistent or almost persistent earth surveillance from a space-based station is likewise in higher demand. This in turn is expected to drive the growth of the Satellite Antenna market.

The use of satellite communication in the maritime industry has several applications, including crew wellness, maritime operations, and autonomous shipping. Fully autonomous shipping is already a reality as a result of the maritime industry's digital transformation; autonomous shipping requires satellite communication, and choosing the best satellite and radio communication platform to implement smart procedures can be advantageous for both fleet and business. This is expected to drive the Satellite Antenna market growth.

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SATELLITE ANTENNA SHARE ANALYSIS:

During the projection period, North America is expected to dominate the market under investigation. Additionally, the ongoing space project keeps the local providers of satellite solutions quite active.

The global demand for high-definition intelligence, surveillance, and reconnaissance (ISR) videos, the increasing uptake of unmanned aerial vehicles (UAVs), the rising number of connected commercial aircraft, and the growing number of private aviation companies all point to further growth for the airborne segment.

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Key Companies:

MAXAR TECHNOLOGIES
ViaSat
Honeywell International Inc
Mitsubishi Electric Corporation
L3Harrkis
CPI Satcom & Antenna Technologies Inc
Cobham
Kymeta
Gilat Satellite Networks
ThinKokm
Norsat International Inc
Elite Antennas Ltd

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SIMILAR REPORTS:

- Electric Propulsion Satellites market was valued at USD 67 million in 2020 and it is expected to reach USD 424.3 million by the end of 2027, growing at a CAGR of 28.9% during 2021-2027.

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- Flight Simulator market size was USD 3841.6 Million and it is expected to reach USD 4789.3 Million by the end of 2027, with a CAGR of 3.2% during 2021-2027.

- Electric Aircraft market size is projected to reach USD 9566 million by 2027, from USD 6753.8 million in 2020, at a CAGR of 4.6% during 2021-2027.

- Military Drone market size is estimated to be worth USD 11770 million in 2022 and is forecast to a readjusted size of USD 17270 million by 2028 with a CAGR of 6.6% during the review period.

- Military Communications market size is estimated to be worth USD 11860 Million in 2021 and is forecast to a readjusted size of USD 20060 Million by 2028 with a CAGR of 7.7% during the forecast period 2022-2028.

- The Military Image Intensifier market was valued at USD 672.2 Million in 2020 and it is expected to reach USD 1145.3 Million by the end of 2027, growing at a CAGR of 7.9% during 2021-2027.

- LEO Satellite market size is estimated to be worth USD 5162.6 million in 2022 and is forecast to a readjusted size of USD 16740 million by 2028 with a CAGR of 21.7% during the forecast period 2022-2028.

- Space Based C4ISR market size is projected to reach USD 23400 Million by 2028, from USD 17660 Million in 2021, at a CAGR of 4.0% during 2022-2028.

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