SATCOM equipment is an integral part of the communication in commercial and defense industry. The deployment of low earth orbit (LEO) satellites and constellations of satellites for communications applications has increased their demand across the globe. Other factors driving the market growth include growing demand for Ku- and Ka-band satellites, and the growing fleet of autonomous and connected vehicles used for various applications in the military and commercial sectors, which require customized SATCOM-on-the-move antennas. These factors are propelling the market growth over the forecast period.
MARKET SCOPE
The "Global SATCOM on the Move Market Analysis to 2028" is a specialized and in-depth study of the power generation with a special focus on the global market trend analysis. The report aims to provide an overview of the SATCOM on the move market with detailed market segmentation by platform, vertical, and geography. The report provides key statistics on the market status of the leading SATCOM on the move market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
- On the basis of platform the market is segmented into Land, Airborne, and Maritime
- On the basis vertical the market is segmented into Government & Defense, Commercial
MARKET DYNAMICS
Drivers-
- Increasing use of electronically steered phased antennas propels the market growth
- Growing fleet of autonomous and connected vehicles globally drives the market growth
Restraints-
- SATCOM devices are highly prone to cybersecurity attacks
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America (SAM). The SATCOM on the move market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trends. The report also provides exhaustive PEST analysis for all five region, evaluating political, economic, social and technological factors affecting the SATCOM on the move market in these regions.
IMPACT OF COVID-19 ON SATCOM ON THE MOVE MARKET
The emergence of the COVID-19 has severely impacted the energy sector industries, which resulted decline in the SATCOM on the move market in the year 2020. The SATCOM equipment are critically important for a proper outcome from a satellite, disruptions in the supply chain have halted their manufacturing processes for the time being. Resuming manufacturing activities depends on the level of COVID-19 exposure, the level at which manufacturing operations are running, and import-export regulations, among other factors. Thus, such factors have hampered the market growth over the forecast period.
MARKET PLAYERS
The report covers key developments in the SATCOM on the move market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as advancement in products, reallocation of resources and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market players in the SATCOM on the move market are anticipated to provide lucrative growth opportunities in the future owing to increasing usage of staellites in the transport and and logistics network.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the SATCOM on the move market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Thales Group
- L3Harris Technologies
- Honeywell International Inc.
- Hughes Network Systems
- Viasat, Inc.
- Gilat Satellite Networks
- General Dynamics Mission Systems, Inc.
- Alico Systems
- Inmarsat Global Limited
- ASELSAN A.S.