Global Airborne Satellite Communication System Market Forecast to 2030
The Global Airborne Satellite Communication System Market report examines historical and current data, as well as a thorough examination of market dynamics. The report also sheds light on the major market growth driving and restraining factors that are expected to influence market growth over the forecast period. The Global Airborne Satellite Communication System Market researches the market scenario to provide growth projections for the Airborne Satellite Communication System industry from 2022 to 2030. The report focuses on potential growth opportunities and constraints that industry leaders may face over the course of the forecast timeline. To assist readers in making decisions, the report pays special attention to emerging business components, niche sectors, product launches, and brand promotions that are taking place in the market.
The global airborne Satellite Communication (SATCOM) System market size was USD 5.05 Billion in 2021 and is expected to register a revenue CAGR of 6.3% during the forecast period, according to latest analysis by Emergen Research. Rising demand for Internet of Things (IoT)-enabled components in the aviation industry is a major factor driving market revenue growth. Airborne SATCOM system is a constant and reliable en route and out route transmission of critical real-time information to support any airborne mission. Market companies are investing in satellite servicing activities, which comprises infrastructure, environmental monitoring, military assistance, shipping, and aviation technologies, among others. Aviation apps for IoT-based devices and systems communicate real-time data with processing units, assisting in optimization of aviation operations. Satellite connectivity is also utilized by IoT devices to send and share real-time data across IoT systems and components employed in these domains, lowering the overall time of operation.
Rising cybersecurity worries, however, are a significant factor impeding market revenue development. Despite the fact that cyber-security threats to satellite communication are a relatively recent occurrence, they pose a serious risk to the long-term health of satellite systems because of a number of flaws in their communications, launch, tracking, and command, and telemetry systems. These satellite communication components rely heavily on reliable and safe communication systems. Additionally, due to the interdependence of satellite and cyberspace activities, it is crucial for these capabilities that international organisations set a legal norm that safeguards satellites and their communications.
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Furthermore, the report includes an in-depth analysis of the competitive landscape. The segment covers a comprehensive overview of the company profiles along with product profiles, production capacities, products/services, pricing analysis, profit margins, and manufacturing process developments. The report also covers strategic business measures undertaken by the companies to gain substantial market share. The report provides insightful information about recent mergers and acquisitions, product launches, collaborations, joint ventures, partnerships, agreements, and government deals.
Key Companies Profiled in the Report:
L3Harris Technologies, Inc., Thales, Collins Aerospace, Israel Aerospace Industries, Honeywell International Inc., Raytheon Technologies Corporation, BAE Systems, General Dynamics, Viasat, Inc., and Orbit Communications Systems Ltd.
The report offers insightful information about the market dynamics of the Airborne Satellite Communication System market. It offers SWOT analysis, PESTEL analysis, and Porter’s Five Forces analysis to present a better understanding of the Airborne Satellite Communication System market, competitive landscape, factors affecting it, and to predict the growth of the industry. It also offers the impact of various market factors along with the effects of the regulatory framework on the growth of the Airborne Satellite Communication System market.
Radical Highlights of the Airborne Satellite Communication System Market Report:
- Comprehensive overview of the Airborne Satellite Communication System market along with analysis of the changing dynamics of the market
- Growth Assessment of various market segments throughout the forecast period
- Regional and global analysis of the market players, including their market share and global position
- Growth strategies adopted by key market players to combat the impact of the COVID-19 pandemic on the market
- Impact of the technological developments and R&D advancements on the Airborne Satellite Communication System market
- Information about profit-making strategies and developmental strategies of major companies and manufacturers
- Insightful information for the new entrants willing to enter the market
- Details and insights about business expansion strategies, product launches, and other collaborations
- The report incorporates advanced analytical tools such as SWOT analysis, Porter’s Five Forces Analysis, feasibility analysis, and investment return analysis
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Some Key Highlights From the Report
- The fixed wing segment accounted for a significant revenue share in 2021. Significant investments in aircraft customization activities and modernization programs initiated by militaries in various countries are major factors driving market revenue growth in this region. In addition, market companies such as Airbus and others, are offering product services to military forces in various countries, which is another key factor driving revenue growth. For instance, on 12 September 2022, Airbus, which is a Netherlands-based leading designer and manufacturer of aerospace products signed a contract with ministries of the Netherlands and Czech Republic to provide SATCOM services for their armed forces. Czech armed forces will employ two channels of Airbus Ultra-High Frequency (UHF) military communications payload, while Dutch forces will use three channels. This military UHF payload will go atop EUTELSAT 36D telecommunications satellite, which is scheduled to launch in 2024.
- The SATCOM terminals segment accounted for a significant revenue share in 2021. Rising demand for modernized and upgraded broadcast transmission systems is a major factor driving revenue growth of this segment. For instance, on 8 December 2022, the Indian Navy announced a communication system upgrade and issued a Request for Information (RfI) to procure around 50 modern High Power High Frequency (HF) Broadcast Transmission Systems (HPHBTS) together with accessories, antennae systems, and remote keying facilities. Through this system, the company will replace or modernize existing HF Broadcast Transmitting Stations (TS) at various sites to provide the Navy with long-range and reliable HF Broadcast communication.
- The government & defense segment accounted for a significant revenue share in 2021. Rising aircraft rescue missions, rising demand to provide advanced satellite communication, and significant investments in system deployment are major factors driving market revenue growth of this segment. In addition, market companies operating in various countries are expanding their product portfolio and offering services to government and defense professionals regarding various connectivity solutions.
- The North America market accounted for largest revenue share in 2021. Significant government investments in securing satellite communication services is a major factor driving market revenue growth in this region. In addition, rising demand for a reliable and mission-critical communication system in the defense industry is another key factor driving market revenue growth in North America. Market companies operating in this region are implementing strategies such as increase in bandwidth frequency and others. Moreover, end-use companies are utilizing SATCOM services to collect operational data and thereby implement sustainable strategies for business growth.
Airborne Satellite Communication System Market Segmentation:
The report bifurcates the Airborne Satellite Communication System market on the basis of different product types, applications, end-user industries, and key regions of the world where the market has already established its presence. The report accurately offers insights into the supply-demand ratio and production and consumption volume of each segment.
Segments Covered in this report are:
- Platform Outlook (Revenue, USD Billion; 2019-2030)
- Fixed Wing
- Rotary Wing
- Unmanned Aerial Vehicles
- Component Outlook (Revenue, USD Billion; 2019-2030)
- SATCOM Terminals
- Airborne Radio
- Modems & Routers
- SATCOM Radomes
- Other Components
- Application Outlook (Revenue, USD Billion; 2019-2030)
- Government & Defense
North America (U.S., Canada)
Europe (U.K., Italy, Germany, France, Rest of EU)
Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
In conclusion, the Airborne Satellite Communication System Market report is an exhaustive database that will help readers formulate lucrative strategies. The Airborne Satellite Communication System Market report studies the latest economic scenario with value, drivers, constraints, growth opportunities, challenges, demand and supply ratio, production capacity, import/export status, growth rate, and others. Additionally, the report also undertakes SWOT Analysis and Porter’s Five Forces Analysis to study the leading companies.
How will this Report Benefit you?
A 250-page report from Emergen Research includes 194 tables and 189 charts and graphics. Anyone in need of commercial, in-depth assessments for the global Airborne Satellite Communication System market, as well as comprehensive market segment analysis, can benefit from our new study. You can assess the whole regional and global market for Airborne Satellite Communication System with the aid of our recent study. To increase market share, obtain financial analysis of the whole market and its various segments. We think there are significant prospects in this industry for rapidly expanding energy storage technology. Look at how you may utilise the current and potential revenue-generating prospects in this sector. The research will also assist you in making better strategic decisions, enabling you to build growth strategies, strengthen competitor analysis, and increase business productivity.
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