SATCOM Transceivers Market Size & Share, by Component (Navigation, Scientific Research, Communication, Remote Sensing); Application (Air Traffic Control, Satellite Communication, Direct to Home, X-Ray, Electronic Countermeasure, Food Processing, Material Processing); Frequency Band (K, C, X, Ku); End-user (Telecommunication, Medical, Industrial, Scientific, Electronic); End-user (Commercial, Government) - Global Supply & Demand Analysis, Growth Forecasts, Statistics Report 2023-2035

  • Report ID: 4006
  • Published Date: Apr 27, 2023
  • Report Format: PDF, PPT

Global Market Size, Forecast, and Trend Highlights Over 2023-2035

SATCOM Transceivers Market size is anticipated to surpass USD 65 Billion by the end of 2035, growing at a CAGR of 9% during the forecast period, i.e., 2023-2035. In the year 2022, the industry size of SATCOM transceivers was USD 27 Billion. The major factor for the growth of the market is the rising number of satellites present in the world and the rising demand for satellite communication for several applications such as radio broadcasting, internet application & navigations, remote sensing, water monitoring, and weather monitoring applications which requires SATCOM transceivers for proper operation. For instance, it was revealed that in 2022, there were an estimated total of 6,900 active satellites orbiting the Earth, an increase of 2,100 active satellites on 2021's value.

SATCOM is also referred to as satellite communication which is an artificial geostationary satellite that enables long-range communications by receiving radio signals from the Earth, amplifying them, and sending them back to receivers at various locations across the world. Therefore, SATCOM transceivers are being highly utilized for television, telephone, radio, internet, and military applications which are anticipated to bring lucrative growth opportunities for market growth. Furthermore, the need for improved satellite communication and the development of small satellites is also estimated to create a positive outlook for market growth during the forecast period.


SATCOM Transceivers Market
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SATCOM Transceivers Sector: Growth Drivers and Challenges

Growth Drivers

  • Growing Number of Satellite Launches – Every year, numerous satellites are being launched for earth observation services in numerous sectors such as civil engineering, agriculture, energy, oil & gas, and other industries. Satellites are also used for delivering high-resolution images with low-cost investments. However, for communicating with the satellites, the need for SATCOM transceivers is generated. Thus, with the high number of satellites being launched every year, the global market is expected to grow during the forecast period. For instance, in 2019, there were a total of 95 satellites launched.
  • Rising Integration of the Internet of Things (IoT) – The Internet of Things (IoT) has entered into the global market as almost all of the internet-powered devices in infrastructure, environmental monitoring, military support, shipping, aviation, and others are serviced by satellites. Therefore, the rapid growth of the IoT industry is anticipated to bring lucrative growth opportunities for the expansion of the global market in the near future. According to recent statistics, it is been revealed that the worth of the global IoT industry was almost USD 800 billion by end of the 2022, which is forecasted to grow to reach USD 1 trillion by 2024 with a growth rate of 13%.
  • Increasing Adoption of Automation Processes Across the World – Recent statistics that have been published in 2022, stated that automation is expected to boost global productivity by almost 2% every year. Also, almost 85% of global businesses are forecasted to introduce robots and automation in the next ten years.
  • Escalation in the Use of Artificial Intelligence (AI) - It has been stated that AI is predicted to contribute almost USD 16 trillion to the global economy by 2030, and nine out of ten leading businesses are forecasted to invest in AI technologies.
  • Increased Investment in the Research & Development (R&D) Sector – As per the World Bank, the Research and Development expenditure accounted for 2.63% of total GDP in 2020. This was a rise from 2.13% of the total GDP in 2017.

Challenges

  • Surging Cyber Security Concerns – One of the major concerns in SATCOM transceivers is the rising concern regarding cyber-security and cyber-crimes which is considered to be a major threat to the sustainability of satellite systems. It generates various vulnerabilities as SATCOM transceivers are mission-critical, and include communications, launch systems, tracking and command, and telemetry which requires secure and reliable communication systems. Thus, the recent surge in cyber security concerns is estimated to hamper market growth during the forecast period.    
  • Requirement of High Investments at Every Stage
  • Shortage of Skilled Professionals

SATCOM Transceivers Market: Key Insights

Base Year

2022

Forecast Year

2023-2035

CAGR

~9%

Base Year Market Size (2022)

~ USD 27 Billion

Forecast Year Market Size (2035)

~ USD 65 Billion

Regional Scope

  • North America (U.S., and Canada)
  • Latin America (Mexico, Argentina, Rest of Latin America)
  • Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific)
  • Europe (U.K., Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)
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SATCOM Transceivers Segmentation

The global SATCOM transceivers market is segmented and analyzed for demand and supply by application into telecommunication, medical, industrial, scientific, electronics, and others. Out of these segments, the segment is estimated to gain the largest market share of about ~38% in the year 2035. The major growth factor for segment expansion is the rising need for telecommunication for the transmission of information over wire, radio, optical, or other electromagnetic systems. Moreover, there has been a significant rise in the investments made in the telecommunication sector which is also anticipated to bring in favorable opportunities for segment growth during the forecast period. For instance, it has been calculated that the IT sector spending on telecommunication services was almost USD 1 trillion in 2021. It has also been revealed that global telecom services spending rose from almost USD 1,575 billion in 2018 to USD 1,600 billion in 2024.

The market is also segmented and analyzed for demand and supply by end-use into commercial, government, and military. Amongst these three segments, the government segment is expected to garner a significant share of around ~46% in the year 2035. The major factor for segment growth during the forecast period is the recent surge in the utilization rate of satellite communication in government processes such as military and naval operations. Another factor that is anticipated to create favorable opportunities for segment growth is the rising investments by the government in space projects. For instance, it has been calculated that in 2022, global government expenditure for space programs amounted to almost USD 100 billion.

Our in-depth analysis of the global market includes the following segments:

By Component

  • Navigation
  • Scientific Research
  • Communication
  • Remote Sensing
  • Others

By Application

  • Air Traffic Control
  • Satellite Communication
  • Direct to Home
  • X-Ray
  • Electronic Countermeasure (ECM)
  • Food Processing
  • Material Processing
  • Others

By Frequency Band

  • K Band
  • C Band
  • X Band
  • Ku Band
  • Others

By Industry

  • Telecommunication
  • Medical
  • Industrial
  • Scientific
  • Electronics
  • Others

By End Use

  • Commercial
  • Government
  • Military
 

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SATCOM Transceivers Industry - Regional Synopsis

North American Market Forecast

The market share of SATCOM transceivers in North America, amongst the market in all the other regions, is projected to be the largest with a share of about ~35% by the end of 2035 ascribing to the growing launch of satellites to provide 5G internet connectivity and strong presence of prominent market players in the region. Also, the rising government spending on military and government communication networks along with the presence of major key players. According to recent statistics, it has been stated that the United States government spending spent almost USD 60 billion on its space programs in 2022, making it the country with the highest space expenditure in the world.

APAC Market Statistics

Asia Pacific SATCOM transceivers market is estimated to be the second largest, registering a share of about ~24% by the end of 2035. The market in Asia Pacific is estimated to witness noteworthy growth over the forecast period on the back of the increasing investments in space programs, mainly by the Indian government. In FY 2020, government expenditure on the space sector in India reached a value of more than USD 18 billion, up from USD 15 billion in FY 2019 and USD 10 billion in FY 2018, respectively. In addition, the rise in the launch of satellites for scientific research & development is also expected to fuel the market growth in the region in the coming years.

Europe Market Forecast

Further, the market in the European region, amongst the market in all the other regions, is projected to hold a majority of the share by the end of 2035. The growth of the market in the region is primarily attributed to the rising smart city and infrastructure modernization projects along with space exploration activities. Another factor for market growth is the escalation in the demand for advanced satellite communication services in the region.

Research Nester
SATCOM Transceivers Market Size
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Companies Dominating the Global SATCOM Transceivers Landscape

top-features-companies
    • AnaCom, Inc.
      • Company Overview
      • Business Strategy
      • Key Product Offerings
      • Financial Performance
      • Key Performance Indicators
      • Risk Analysis
      • Recent Development
      • Regional Presence
      • SWOT Analysis
    • 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

In the News

  • In the News

  •  CPI International Inc. was awarded an order by Eutelsat totaling more than USD 25 million to support a next-generation very high throughput satellite (VHTS) system.
  • ND SATCOM unveiled the SKYWAN 5G Release 2.0 which is claimed to redefine customers’ possibilities by powering the next level of immersive VSAT experiences.

Author Credits:  Abhishek Verma, Hetal Singh


  • Report ID: 4006
  • Published Date: Apr 27, 2023
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

The major factors driving the market growth are the increasing number of satellite launches in recent years and the growing demand for enhanced data communication across the world.

The market size of SATCOM transceivers is anticipated to attain a CAGR of 9% over the forecast period, i.e., 2023-2035.

High development and maintenance costs of infrastructures to support SATCOM devices along with less awareness about the advantages are estimated to be the growth hindering factors for the market expansion.

The market in the North American region is projected to hold the largest market share by the end of 2035 and provide more business opportunities in the future.

The major players in the market are 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 other key players.

The company profiles are selected based on the revenues generated from the product segment, the geographical presence of the company which determines the revenue generating capacity as well as the new products being launched into the market by the company.

The market is segmented by component, application, frequency band, industry, end user, and by region.

The government segment is anticipated to garner the largest market size by the end of 2035 and display significant growth opportunities.
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