In 2022 & 2023, market players expected to sail in rough waters; might incur losses due to huge gap in currency translation followed by contracting revenues, shrinking profit margins & cost pressure on logistics and supply chain. Further, U.S. economy is expected to grow merely by 3% in 2022.
Request InsightsPurchasing power in the couPurchasing power in the country is expected to fell nearly by 2.5%. On the other hand, European countries to see the worst coming in the form of energy crisis especially in upcoming winters!! Right after COVID-19, inflation has started gripping the economies across the globe. Higher than anticipated inflation, especially in western world had raised concerns for national banks and financial institutions to control the economic loss and safeguard the interest of the businesses. Increased interest rates, strong USD inflated oil prices, looming prices for gas and energy resources due to Ukraine-Russia conflict, China economic slowdown (~4% in 2022) disrupting the production and global supply chain and other factors would impact each industry negatively. Request Insights
IN THE NEWSNovember 2021- 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.
December 2020- ND SATCOM unveiled the SKYWAN 5G Release 2.0 that is claimed to redefine customers’ possibilities by powering the next level of immersive VSAT experiences.
The global SATCOM transceivers market is estimated to garner a substantial revenue by growing at a CAGR of ~9% over the forecast period, i.e., 2022 – 2031. The growth of the market can be attributed to the increase in the number of satellites launched in recent years, and growing demand for enhanced data communication across the world. In 2019, there were more than 2,500 satellites in orbit. Also, the government spending in the total global space economy amounted for more than USD 80 billion that year. Along with these, rise in dispatch of satellites for applications such as weather pattern monitoring, remote sensing, agriculture monitoring and navigation is also expected to drive market growth significantly in the upcoming years. Furthermore, upsurge in expenditure on space programs, especially in developed and developing nations, and escalating demand for 5G high-speed internet are projected to offer abundant growth opportunities to the market in the near future.
The market is segmented by application into navigation, scientific research, communication, remote sensing, and others, out of which, the communication segment is anticipated to hold the largest share in the global SATCOM transceivers market. This can be accounted to the growing need for high-speed data communication, which in turn is evaluated to raise the usage of satellite transceivers. Apart from this, surging adoption of SATCOM transceivers for emergency data link communication and fixed satellite services (FSS) applications is also predicted to boost the growth of the market segment in the future. Additionally, on the basis of end user, the government segment is assessed to acquire the largest share during the forecast period ascribing to the rising emphasis of government agencies to launch satellites for earth observation and weather pattern monitoring. CLICK TO DOWNLOAD SAMPLE REPORT
The never-ending growth in internet accessibility around the world along with numerous technological advancements comprising 5G, blockchain, cloud services, Internet of Things (IoT), and Artificial Intelligence (AI) among others have significantly boosted the economic growth in the last two decades. As of April 2021, there were more than 4.5 billion users that were actively using the internet globally. Moreover, the growth in ICT sector has significantly contributed towards GDP growth, labor productivity, and R&D spending among other transformations of economies in different nations of the globe. Furthermore, the production of goods and services in the ICT sector is also contributing to the economic growth and development. As per the statistics in the United Nations Conference on Trade and Development’s database, the ICT good exports (% of total good exports) globally grew from 10.816 in 2015 to 11.536 in 2019. In 2019, these exports in Hong Kong SAR, China amounted to 56.65%, 25.23% in East Asia & Pacific, 26.50% in China, 25.77% in Korea, Rep., 8.74% in the United States, and 35.01% in Vietnam. These are some of the important factors that are boosting the growth of the market.
Regionally, the global SATCOM transceivers market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and the Middle East & Africa region. 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 the FY 2020, government expenditure on 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, rise in launch of satellites for scientific research & development is also expected to fuel the market growth in the region in the coming years. Moreover, the market in North America is projected to gather the largest share during the forecast period ascribing to the growing launch of satellites to provide 5G internet connectivity, and strong presence of prominent market players in the region.
The global SATCOM transceivers market is further classified on the basis of region as follows:
Our in-depth analysis of the global SATCOM transceivers market includes the following segments:
FREQUENTLY ASKED QUESTIONS
The major factors driving market growth are increasing number of satellite launches in recent years, and growing demand for enhanced data communication across the world.
The market is anticipated to attain a CAGR of ~9% over the forecast period, i.e., 2022-2031.
High development and maintenance cost of infrastructures to support SATCOM devices is estimated to hamper the market growth.
Asia Pacific will provide more business opportunities for market growth owing to the increasing investments in space programs in the region.
The major players in the market are AnaCom, Inc., ACORDE Technologies S.A., Advantech Wireless Technologies, Inc., Comtech EF Data Corporation, ND SatCom GmbH, and others.
The company profiles are selected based on the revenues generated from the product segment, geographical presence of the company which determine the revenue generating capacity as well as the new products being launched into the market by the company.
The market is segmented by application, end user, and by region.
The government segment is anticipated to hold largest market size and is estimated grow at a notable CAGR over the forecast period and display significant growth opportunities.
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