SAN FRANCISCO, 22 October 2021 / PRNewswire / – A new market research published by Global Industry Analysts Inc., (GIA), the leading market research firm, today released its report titled “Satellite Communication Equipment (SATCOM) – Global Market Trajectory and Analysis”. The report presents new perspectives on the opportunities and challenges in a dramatically transformed post-COVID-19 market.
FACTS AT A GLANCE
Editing: 7; Posted: April 2021
Executive pool: 556
Companies: 41 – Players covered include Aselsan AS; AvL Technologies; Campbell Scientific Inc .; Cobham PLC; Societe Generale de Dynamique; Gilat satellite networks; Harris Corporation; Holkirk Communications Ltd .; Hughes LLC Network Systems; Intellian Technologies Inc .; Iridium Communications, Inc .; L3 Technologies, Inc .; ND SatCom GmbH; Réseau Innovations Inc .; Newtec Cy NV; Satcom Global Ltd. ; ViaSat, Inc. and others.
Blanket: All major geographies and key segments
Segments: End use (maritime, land mobile, portable, airborne, land fixed); Vertical (Commercial, Government and Defense)
Geographies: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; UK; and rest of Europe); Asia Pacific; Rest of the world.
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Global Satellite Communication Equipment (SATCOM) Market To Be Reached $ 35.3 billion by 2026
In the midst of the COVID-19 crisis, the global satellite communication equipment (SATCOM) market is estimated to be US $ 23.1 billion in 2020, is expected to reach a revised size of US $ 35.3 billion by 2026, with a CAGR of 7.2% over the analysis period. Maritime, one of the segments analyzed in the report, is expected to register a CAGR of 8.3% and reach US $ 13.2 billion at the end of the analysis period. After a thorough analysis of the business implications of the pandemic and the induced economic crisis, the growth of the Land Mobile segment is readjusted to a revised CAGR of 7.8% for the next 7 year period.
The US market is estimated at $ 7.5 billion in 2021, when China is expected to reach $ 6.2 billion by 2026
The market for satellite communication equipment (SATCOM) in the United States is estimated at 7.5 billion US dollars in 2021. China, the world’s second-largest economy, is expected to reach a projected market size of US $ 6.2 billion by 2026, with a CAGR of 6.6% over the analysis period. Other notable geographic markets include Japan and Canada, each projects growth of 6.8% and 5.7% respectively over the period of analysis. In Europe, Germany is expected to grow at around 5.7% CAGR.
Portable segment to reach 6.7 billion US dollars by 2026
In the global laptop segment, United States, Canada, Japan, China and Europe will drive the estimated 7.2% CAGR for this segment. These regional markets representing a combined market size of US $ 3.5 billion in 2020 will reach a projected size of US $ 5.7 billion before the end of the analysis period. China will remain among the most dynamic of this group of regional markets. Following
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SOURCE Global Industry Analysts, Inc.