Satellite Ground Station Equipment Market Size to Grow by USD 5.59 Billion | 41% Growth to Originate from North America | 17,000+ Technavio Reports
NEW YORK, March 16, 2022 /PRNewswire/ -- The satellite ground station equipment market potential difference will grow by USD 5.59 billion from 2019 to 2024, as per the latest market outlook report from Technavio. The report identifies the market to witness an accelerating growth momentum at a CAGR of 7% during this period. The market report offers a comprehensive analysis of the factors influencing the market's growth during the forecast period.
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The increasing investments in HTS communication will be one of the key drivers expected to influence the market growth during the forecast period. In addition, the emergence of mobile ground stations is another factor supporting the satellite ground station equipment market share growth. However, the high initial investments will be a major challenge for the satellite ground station equipment market during the forecast period.
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Satellite Ground Station Equipment Market Segmentation
- Type
- NOC Equipment
The use of NOC equipment allows for easy management of the above functions. Vendors are partnering with satellite service providers to provide NOC equipment for monitoring the satellites, which are active in orbit. The NOC equipment segment will continue to account for the highest share during the forecast period. - VSAT Equipment
- Antennas
- Power Units
- Others
- Geography
- North America
The presence of numerous satellite services providers such as SES, EchoStar, and Globecomm Systems Inc. (Globecomm Systems) will facilitate the satellite ground station equipment market growth in North America over the forecast period. 41% of the market's growth will originate from North America during the forecast period. The US is the key market for satellite ground station equipment in North America. Market growth in this region will be slower than the growth of the market in other regions. - APAC
- Europe
- South America
- MEA
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Satellite Ground Station Equipment Market Scope
Technavio categorizes the global satellite ground station equipment as a part of the global communications equipment market, within the overall global information technology sector. Our report provides extensive information on the value chain analysis for the satellite ground station equipment market, which vendors can leverage to gain a competitive advantage during the forecast period. Backed with competitive intelligence and benchmarking, our research reports on the satellite ground station equipment market are designed to provide entry support, customer profile & M&As as well as go-to-market strategy support.
The report also covers the following areas:
- Satellite Ground Station Equipment Market size
- Satellite Ground Station Equipment Market trends
- Satellite Ground Station Equipment Market industry analysis
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Satellite Ground Station Equipment Market 2020-2024: Key Highlights
- CAGR of the market during the forecast period 2020-2024
- Detailed information on factors that will assist satellite ground station equipment market growth during the next five years
- Estimation of the satellite ground station equipment market size and its contribution to the parent market
- Predictions on upcoming trends and changes in consumer behavior
- The growth of the satellite ground station equipment market
- Analysis of the market's competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of satellite ground station equipment market vendors
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Satellite Ground Station Equipment Market Scope | |
Report Coverage | Details |
Page number | 120 |
Base year | 2019 |
Forecast period | 2020-2024 |
Growth momentum & CAGR | Accelerate at a CAGR of 7% |
Market growth 2020-2024 | $ 5.59 billion |
Market structure | Fragmented |
YoY growth (%) | 6.37 |
Regional analysis | North America, APAC, Europe, South America, and MEA |
Performing market contribution | North America at 41% |
Key consumer countries | US, China, Russian Federation, and Japan |
Competitive landscape | Leading companies, competitive strategies, consumer engagement scope |
Companies profiled | Advantech Wireless Technologies Inc., Comtech Telecommunications Corp., EchoStar Corp., Gilat Satellite Networks Ltd., GomSpace Group AB, Norsat International Inc., NovelSat, ST Engineering, Terrasat Communications Inc., and Viasat Inc. |
Market Dynamics | Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for the forecast period, |
Customization purview | If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
Key Topics Covered
1. Executive Summary
2. Market Landscape
2.1 Market ecosystem
Exhibit 01: Parent market
Exhibit 02: Market Characteristics
2.3 Value chain analysis
3. Market Sizing
3.1 Market definition
Exhibit 03: Product / Service portfolio of key vendors included in the market definition
3.2 Market segment analysis
Exhibit 04: Market segments
3.3 Market size 2019
3.4 Market outlook: Forecast for 2019 - 2024
Exhibit 05: Global - Market size and forecast 2019 - 2024 ($ billion)
Exhibit 06: Global market: Year-over-year growth 2019 - 2024 (%)
4. Five Forces Analysis
4.1 Five Forces Summary
Exhibit 07: Five forces analysis 2019 & 2024
4.2 Bargaining power of buyers
4.3 Bargaining power of suppliers
4.4 Threat of new entrants
4.5 Threat of substitutes
4.6 Threat of rivalry
4.7 Market condition
Market condition - Five forces 2020
5. Market Segmentation by Type
The segments covered in this chapter are:
- NOC equipment
- VSAT equipment
- Antennas
- Power units
- Others
Here NOC equipment has the maximum growth while VSAT equipment,antennas, power units and others have the lowest growth.
5.1 Market segments
Exhibit 14: Type - Market share 2019-2024 (%)
5.2 Comparison by Product
Exhibit 15: Comparison by Product
5.3 NOC equipment - Market size and forecast 2019-2024
Exhibit 16: NOC equipment - Market size and forecast 2019-2024 ($ billion
Exhibit 17: NOC equipment - Year-over-year growth 2019-2024 (%)
5.4 VSAT equipment - Market size and forecast 2019-2024
Exhibit 18: VSAT equipment - Market size and forecast 2019-2024 ($ billion)
Exhibit 19: Comparison between brands offering VSAT equipment
Exhibit 20: VSAT equipment - Year-over-year growth 2019-2024 (%)
5.5 Antennas - Market size and forecast 2019-2024
Exhibit 21: Antennas - Market size and forecast 2019-2024 ($ billion)
Exhibit 22: Form factor comparison of antennas based on frequency bands
Exhibit 23: Antennas - Year-over-year growth 2019-2024 (%)
5.6 Power units - Market size and forecast 2019-2024
Exhibit 24: Power units - Market size and forecast 2019-2024 ($ billion)
Exhibit 25: Power units - Year-over-year growth 2019-2024 (%)
5.7 Others - Market size and forecast 2019-2024
Exhibit 26: Others - Market size and forecast 2019-2024 ($ billion)
Exhibit 27: Others - Year-over-year growth 2019-2024 (%)
Market opportunity by Type
Exhibit 28: Market opportunity by Type
6. Customer landscape
Technavio's customer landscape matrix comparing Drivers or price sensitivity, Adoption lifecycle, importance in customer price basket, Adoption rate and Key purchase criteria
Exhibit 29: Customer landscape
7. Geographic Landscape
The regions covered in the report are:
- North America
- Europe
- APAC
- South America
- MEA
North America was the largest region of the market in 2019
7.1 Geographic segmentation
Exhibit 30: Market share by geography 2019-2024 (%)
7.2 Geographic comparison
Exhibit 31: Geographic comparison
7.3 North America - Market size and forecast 2019-2024
Exhibit 32: North America - Market size and forecast 2019-2024 ($ billion)
Exhibit 33: North America - Year-over-year growth 2019-2024 (%)
7.4 APAC - Market size and forecast 2019-2024
Exhibit 34: APAC - Market size and forecast 2019-2024 ($ billion)
Exhibit 35: APAC - Year-over-year growth 2019-2024 (%)
7.5 Europe - Market size and forecast 2019-2024
Exhibit 36: Europe - Market size and forecast 2019-2024 ($ billion)
Exhibit 37: Europe - Year-over-year growth 2019-2024 (%)
7.6 South America - Market size and forecast 2019-2024
Exhibit 38: South America - Market size and forecast 2019-2024 ($ billion)
Exhibit 39: South America - Year-over-year growth 2019-2024 (%)
7.7 MEA - Market size and forecast 2019-2024
Exhibit 40: MEA - Market size and forecast 2019-2024 ($ billion)
Exhibit 41: MEA - Year-over-year growth 2019-2024 (%)
7.8 Key leading countries
Exhibit 42: Key leading countries
7.9 Market opportunity by geography
Exhibit 43: Market opportunity by geography ($ million)
8. Drivers, Challenges, and Trends
8.1 Market drivers
8.1.1 Increasing investments in HTS communication
8.1.2 Increase in number of satellite launches
8.1.3 Increasing use of satellites for remote sensing applications
Exhibit 44: Recently launched EO satellites
8.2 Market challenges
8.2.1 High initial investments
8.2.2 Rise in demand for rental equipment
Exhibit 45: Companies providing equipment on rental or leases basis
8.2.3 Government policies and regulatory issues
Exhibit 46: Impact of drivers and challenges
8.3 Market trends
8.3.1 Emergence of mobile ground station
8.3.2 Deployment of 5G ecosystem
8.3.3 Increase in strategic partnerships
9. Vendor Landscape
Exhibit 45: Vendor landscape
9.1 Landscape disruption
Exhibit 47: Landscape disruption
Exhibit 48: Industry risks
9.2 Competitive Lanscape
10. Vendor Analysis
10.1 Vendors covered
Exhibit 49: Vendors covered
10.2 Market positioning of vendors
Exhibit 50: Market positioning of vendors
10.3 Advantech Wireless Technologies Inc.
Exhibit 51: Advantech Wireless Technologies Inc. - Overview
Exhibit 52: Advantech Wireless Technologies Inc. - Product and service
10.4 Comtech Telecommunications Corp.
Exhibit 55: Comtech Telecommunications Corp. - Overview
Exhibit 56: Comtech Telecommunications Corp. - Business segments
Exhibit 57: Comtech Telecommunications Corp. - Key offerings
Exhibit 58: Comtech Telecommunications Corp. - Segment focus
10.5 EchoStar Corp.
Exhibit 59: EchoStar Corp. - Overview
Exhibit 60: EchoStar Corp. - Business segments
Exhibit 61: EchoStar Corp. - Key news
Exhibit 62: EchoStar Corp. - Key offerings
Exhibit 63: EchoStar Corp. - Segment focus
10.6 Gilat Satellite Networks Ltd.
Exhibit 64: Gilat Satellite Networks Ltd. - Overview
Exhibit 65: Gilat Satellite Networks Ltd. - Business segments
Exhibit 66: Gilat Satellite Networks Ltd. - Key news
Exhibit 67: Gilat Satellite Networks Ltd. - Key offerings
Exhibit 68: Gilat Satellite Networks Ltd. - Segment focus
10.7 GomSpace Group AB
Exhibit 69: GomSpace Group AB - Overview
Exhibit 70: GomSpace Group AB - Business segments
Exhibit 71: GomSpace Group AB - Key offerings
Exhibit 72: GomSpace Group AB - Segment focus
10.8 Norsat International Inc.
Exhibit 73: Norsat International Inc. - Overview
Exhibit 74: Norsat International Inc. - Product and service
Exhibit 75: Norsat International Inc. - Key offerings
10.9 NovelSat
Exhibit 76: NovelSat - Overview
Exhibit 77: NovelSat - Key news
Exhibit 78: NovelSat - Key offerings
Exhibit 79: ST Engineering – Overview
10.10 ST Engineering
Exhibit 80: ST Engineering - Business segments
Exhibit 81: ST Engineering - Key news
Exhibit 82: ST Engineering - Key offerings
Exhibit 83: ST Engineering - Segment focus
10.11 Terrasat Communications Inc.
Exhibit 84: Terrasat Communications Inc. - Overview
Exhibit 85: Terrasat Communications Inc. - Key news
Exhibit 86: Terrasat Communications Inc. - Key offerings
10.12 Viasat Inc.
Exhibit 87: Viasat Inc. - Overview
Exhibit 88: Viasat Inc. - Business segments
Exhibit 89: Viasat Inc - Key news
Exhibit 90: Viasat Inc. - Key offerings
Exhibit 91: Viasat Inc. - Segment focus
11. Appendix
11.1 Scope of the report
11.1.1 Market definition
11.1.2 Objectives
11.1.3 Notes and caveats
11.2 Currency conversion rates for US$
Exhibit 92: Currency conversion rates for US$
11.3 Research Methodology
Exhibit 93: Research Methodology
Exhibit 94: Validation techniques employed for market sizing
Exhibit 95: Information sources
11.4 List of abbreviations
Exhibit 96: List of abbreviations
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Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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