Global Satellite Communication Equipment (SATCOM) Market To Reach $ 35.3 Billion By 2026

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.

Global Satellite Communication Equipment (SATCOM) 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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ABSTRACT-

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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About Global Industry Analysts, Inc. and StrategyR ™
Global Industry Analysts, Inc., (www.strategyr.com) is a renowned market research publisher, the only influencer-focused market research company in the world. Proudly serving more than 42,000 clients in 36 countries, GIA has been recognized for its accurate forecasting of markets and industries for more than 33 years.

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SOURCE Global Industry Analysts, Inc.


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