The Satellite Antenna Market has witnessed remarkable growth in recent years, driven by the increasing deployment of satellites for communication purposes, both in commercial and defense sectors. Valued at $4.1 billion in 2021, the market is projected to expand from $5.8 billion in 2023 to a staggering $10.5 billion by 2026, representing a Compound Annual Growth Rate (CAGR) of 20.6% during this period. Satellite antenna equipment plays a pivotal role in global communication, enabling seamless data transfer and connectivity.
Download PDF Brochure @
https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=238993430
Market Dynamics:
Drivers: Increasing Demand for Communication on the Move
The rise in demand for communication on the move (COTM) solutions across various platforms like military vehicles, trains, boats, and commercial vehicles has led to the adoption of electronically steered phased antennas (ESPA). ESPA antennas can maintain satellite links even when platforms are in motion, contributing to the growing need for real-time communication in various sectors.
Restraints: High Infrastructure Costs and Reliability Concerns
High costs associated with developing and maintaining earth station infrastructure pose a challenge to market growth. Custom fabrication of components and the need for skilled personnel in design, development, and construction result in significant investment requirements. The reliability demands of satellite communication services, especially for defense systems, necessitate stringent testing, infrastructure, and collaboration with research institutions, further driving up costs.
Opportunities: Ultra-Compact Satellite Antennas for Ground Combat Vehicles
The development of ultra-compact satellite antennas designed for Ka-band high-throughput satellites opens up new opportunities. These antennas facilitate high-speed data transfer for applications like voice, video, and data communication in ground combat vehicles. Such advancements enhance command and control capabilities, improving communication efficiency in critical situations.
Challenges: Radio Spectrum Availability
The migration of satellites to X and KA band frequencies has raised challenges related to radio spectrum availability. Acquiring licenses for high band frequencies is a time-consuming and costly process, involving regulatory approvals and proper documentation. This issue can impede the growth of satellite antenna technology.
Segment Insights:
Platform: The airborne segment is expected to lead the satellite antenna market due to the increasing demand for high-definition intelligence, surveillance, and reconnaissance (ISR) videos. Connected commercial aircraft, UAVs, and private aviation companies contribute to market growth.
Technology: Satellite-On-The-Move (SOTM) technology is poised to dominate the market, driven by the need for uninterrupted mobile broadband coverage, small satellite commercialization, technological advancements in transport and logistics, and increasing demand for broadband connectivity.
Region: North America is projected to be at the forefront of the satellite antenna market, with the US government investing in advanced antenna technologies to enhance communication quality for defense and surveillance purposes.
Key Market Players:
Prominent players shaping the satellite antenna market include Thales Group, L3Harris Technologies, Honeywell International Inc., Hughes Network Systems, and Viasat, Inc. These players are instrumental in meeting the changing requirements of commercial, homeland security, defense, and space users through contracts and new product developments.
Ask for Sample Report @
https://www.marketsandmarkets.com/requestsampleNew.asp?id=238993430
About MarketsandMarkets™
MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.
The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.
Built on the ’GIVE Growth’ principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.
Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: 1-888-600-6441
Comments
Post a Comment