Satellite Antenna Market To Reach USD 3592 Million By 2028 With A CAGR of 5.8%| Valuates Reports
The global Satellite Antenna market size is estimated to be worth USD 2414 million in 2021 and is forecast to reach size of USD 3592 million by 2028 with a CAGR of 5.8% during the review period.
Major factors driving the growth of the Satellite Antenna Market
In a number of important areas, including maritime interdiction, border protection, mobile telecom, etc., where the demand for sophisticated communication capabilities has grown significantly over the past several years, satellite antenna systems have emerged as a significant answer.
The satellite antenna market is expanding as a result of technological developments in the field of satellite antennas, which have increased their transmission capacity and reduced the cost of launching satellites for both commercial and military purposes.
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TRENDS INFLUENCING THE GROWTH OF THE SATELLITE ANTENNA MARKET
A change in requirements for both satellite and ground terminal antennas is being driven by the expansion of low earth orbit (LEO) and medium earth orbit (MEO) satellite constellations and the move toward dedicated ground stations for satellite communications as a service. The cost-effective exploitation of onboard power and bandwidth resources is necessary for point-to-multipoint and multipoint-to-multipoint satellite communications. This results in the application of sophisticated antenna concepts, thereby driving the growth of the Satellite Antenna market.
Airborne modems must travel across networks on numerous transponders and satellites, controlled from a number of hubs and networks, in order to provide worldwide coverage. Both civilian and military applications frequently use airborne satellite communication. A phased array antenna should be used to improve ASC communication between aircraft and satellites. With the development of commercial broadband satellite communication systems and series for in-flight civil airplanes, satellite broadband capabilities are now necessary. By offering in-flight connectivity for real-time flight crew information and introducing live TV and high-speed connections, ASC may improve airline operations. Persistent or almost persistent earth surveillance from a space-based station is likewise in higher demand. This in turn is expected to drive the growth of the Satellite Antenna market.
The use of satellite communication in the maritime industry has several applications, including crew wellness, maritime operations, and autonomous shipping. Fully autonomous shipping is already a reality as a result of the maritime industry's digital transformation; autonomous shipping requires satellite communication, and choosing the best satellite and radio communication platform to implement smart procedures can be advantageous for both fleet and business. This is expected to drive the Satellite Antenna market growth.
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SATELLITE ANTENNA SHARE ANALYSIS:
During the projection period, North America is expected to dominate the market under investigation. Additionally, the ongoing space project keeps the local providers of satellite solutions quite active.
The global demand for high-definition intelligence, surveillance, and reconnaissance (ISR) videos, the increasing uptake of unmanned aerial vehicles (UAVs), the rising number of connected commercial aircraft, and the growing number of private aviation companies all point to further growth for the airborne segment.
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Key Companies:MAXAR TECHNOLOGIESViaSatHoneywell International IncMitsubishi Electric CorporationL3HarrkisCPI Satcom & Antenna Technologies IncCobhamKymetaGilat Satellite NetworksThinKokmNorsat International IncElite Antennas Ltd
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