Supply Chain Ecosystem Analysis now part of DBMR Reports
Market Size in USD Billion
 |
2022 –2029 |
 |
USD 73.17 Billion |
 |
USD 175.05 Billion |
 |
% |
|
|
Global Communication System Market, By Component (Equipment and Services), Product Type (Transmitters, Receivers, Antennas, Tracking System, Modem and Others), Application (Cellular, Television Signals, Marine Communication, Global Positioning Services (GPS) and Others), Technology (SATCOM VSAT, SATCOM Telemetry, SATCOM Automatic Identification System (AIS), SATCOM-on-the-Move, SATCOM-on-the-Pause), End-Use (Portable Equipment, Land Equipment, Airborne Equipment and Maritime Equipment), Vertical (Maritime, Aerospace and Defence, Industrial Transportation and Logistics, Media, Agriculture, Government and Public Sector) – Industry Trends and Forecast to 2029.
The satellite communication market is evolving at a rapid pace, and demand for next-generation satellite communication is more significant than ever. This distance barrier is easily overcome by satellite communication. Satellite communication provides more excellent spatial coverage than terrestrial systems, widespread coverage to every corner of the globe, increased bandwidth and broadcasting capabilities, and the ability to adjust communication costs based on coverage area.
Data Bridge Market Research analyses that the communication system market was valued at USD 73.17 billion in 2021 and is expected to reach the value of USD 175.05 billion by 2029, at a CAGR of 11.52% during the forecast period of 2022-2029. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and pestle analysis.
|
Report Metric
|
Details
|
|
Forecast Period
|
2022 to 2029
|
|
Base Year
|
2021
|
|
Historic Years
|
2020 (Customizable to 2014 - 2019)
|
|
Quantitative Units
|
Revenue in USD billion, Volumes in Units, Pricing in USD
|
|
Segments Covered
|
Component (Equipment and Services), Product Type (Transmitters, Receivers, Antennas, Tracking System, Modem and Others), Application (Cellular, Television Signals, Marine Communication, Global Positioning Services (GPS) and Others), Technology (SATCOM VSAT, SATCOM Telemetry, SATCOM Automatic Identification System (AIS), SATCOM-on-the-Move, SATCOM-on-the-Pause), End-Use (Portable Equipment, Land Equipment, Airborne Equipment and Maritime Equipment), Vertical (Maritime, Aerospace and Defense, Industrial Transportation and Logistics, Media, Agriculture, Government and Public Sector),
|
|
Countries Covered
|
U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America
|
|
Market Players Covered
|
Analytical Space, Inc. (U.S.), ATLAS Space Operations, Inc. (U.S.), National Aeronautics and Space Administration (U.S.), BridgeSat Inc. (U.S.), Maxar Technologies (U.S.), Mitsubishi Electric Corporation (Japan), SITAEL S.p.A. (Japan), Ball Aerospace & Technologies (U.S.), Mynaric (Germany), Laser Light Communications (U.S.), Hisdesat Servicios Estratégicos, S.A. (Spain), SES S.A. (Luxembourg), SKY Perfect JSAT Corporation (Japan), Thaicom public company limited (Thailand), Hispasat (Spain), Arabsat (Saudi Arabia), Eutelsat communications S.A. (France), Star One credit union (India), Singtel (Singapore), Intelsat (Luxembourg), Telesat (Canada), Nigerian communications satellite ltd (Nigeria)
|
|
Market Opportunities
|
|
Market Definition
Satellite communication is now possible thanks to transmitters, receivers, antennas, and modem/routers. In satellite communications, data and spatial information can be exchanged between two or more entities via some medium or channel. The satellite communication system's function is to send, receive, and process information using electromagnetic waves as carrier signals. These signals transmit audio, video, and other types of data between space and land.
Drivers
Significant growth in the aerospace and aviation industries around the world is one of the key factors driving the communication system market's positive outlook. Furthermore, the growing need for continuous communication for military and defence applications is propelling communication system market growth. Wide area network (WAN) communications, cellular backhaul, internet trunking, television broadcasting, and rural telephony are all common uses for SATCOM. It also delivers video-on-demand (VoD), voice-over-IP (VoIP), and telemedicine services.
Various technological advancements, such as integrating connected devices with the Internet of Things (IoT) and releasing portable SATCOM systems, are also driving growth. These innovative systems allow autonomous and connected vehicles to operate smoothly, as well as the deployment of remote and terrestrial networks. Other factors, such as extensive improvements in telecommunication infrastructure and increased use of cloud-based services for ground mobility platforms, are expected to drive the communication system market forward.
Opportunity
The growing demand for 5G and rising investments in infrastructure development will be the great opportunity for communication system market. However, the deployment of 5G necessitates the launch of satellites, which contributes to the growth of the communication system market. SpaceX has received approval to launch nearly 12,000 starlink internet satellites for 5G deployment. As a result, the launch of these satellites is expected to propel the communication system market forward.
Restraints
However, the cybersecurity risk is associated with a satellite communications system, and due to the high cost of development, installation, and maintenance, this market's growth is likely to be hampered.
This communication system market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the communication system market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
According to the Satellite Industry Association, the commercial satellite industry was critical during the COVID-19 pandemic. Satellite communication has grown in popularity due to its numerous applications in providing voice, data, and broadcast communications solutions, as well as navigation, earth observation, remote sensing, and other unique services for businesses, government customers, and consumers both domestically and globally. Global space agencies, such as NASA, used communication satellites to depict the global changes caused by COVID-19.
Recent Developments
The communication system market is segmented on the basis of component, product type, application, technology, and end-use, vertical. The growth amongst these segments will help you analyse meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Component
Product type
Application
Technology
End user
Vertical
The communication system market is analysed and market size insights and trends are provided by country, component, product type, application, technology, and end-use, vertical as referenced above.
The countries covered in the communication system market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America
North America emerged as the dominant region, and this trend is expected to continue over the forecast period. This is due to the increased need for consistent communication by the military and defence sector, which has resulted in the U.S. defense department's increased adoption of satellite communication equipment. Many satellite communication companies contribute to market expansion, including General Dynamics Corporation, Viasat, Inc., Telesat, and EchoStar Corporation. Furthermore, as military communication infrastructure is upgraded, the regional industry is expected to grow significantly in the coming years.
Asia-Pacific region is expected to be the fastest growing during the forecast period. The growth of this region can be attributed primarily to countries such as China and Japan. The increasing use of satellite antennas in the communications, aerospace, information technology, and automotive industries is propelling the regional market's growth over the forecast period. Furthermore, in order to gain a competitive advantage in the global market, many start-ups and industry players are concentrating their efforts on strengthening their supply chains in several Asian countries. These advancements will increase demand for satellite communications in this region.
The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of Global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
The communication system market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, Global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to communication system market.
Some of the major players operating in the communication system market are:
SKU-
Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market and primary (industry expert) validation. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
Data Bridge Market Research is a leader in advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customized to include price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), clinical trial results data, literature review, refurbished market and product base analysis. Market analysis of target competitors can be analyzed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Fact book) or can assist you in creating presentations from the data sets available in the report.
The market is segmented based on , By Component (Equipment and Services), Product Type (Transmitters, Receivers, Antennas, Tracking System, Modem and Others), Application (Cellular, Television Signals, Marine Communication, Global Positioning Services (GPS) and Others), Technology (SATCOM VSAT, SATCOM Telemetry, SATCOM Automatic Identification System (AIS), SATCOM-on-the-Move, SATCOM-on-the-Pause), End-Use (Portable Equipment, Land Equipment, Airborne Equipment and Maritime Equipment), Vertical (Maritime, Aerospace and Defence, Industrial Transportation and Logistics, Media, Agriculture, Government and Public Sector) – Industry Trends and Forecast to 2029. .
The Global Communication System Market size was valued at USD 73.17 USD Billion in 2021.
The Global Communication System Market is projected to grow at a CAGR of 11.52% during the forecast period of 2022 to 2029.
The major players operating in the market include Analytical SpaceInc. , ATLAS Space OperationsInc. , National Aeronautics and Space Administration , BridgeSat Inc. , Maxar Technologies , Mitsubishi Electric Corporation , SITAEL S.p.A. , Ball Aerospace & Technologies , Mynaric , Laser Light Communications , Hisdesat Servicios Estraté,gicosS.A. , SES S.A. , SKY Perfect JSAT Corporation , Thaicom public company limited , Hispasat , Arabsat , Eutelsat communications S.A. , Star One credit union , Singtel , Intelsat , Telesat , Nigerian communications satellite ltd .
The market report covers data from the U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
