Satellite Network Equipment Market - Forecast(2024 - 2030)

Report Code: AD 0050 Report Format: PDF + Excel

Satellite Network Equipment Market

The global market for Satellite Network Equipment is projected to reach $42.6 billion by 2026, progressing at CAGR of 7.4% from 2021 to 2026. Increase in use of High Throughput Satellite (HTR) and Low Earth Orbit Satellite for high speed broadband access, cellular backhaul and other value added services such as video conferencing, VOIP, cellular backhaul, television broadcasting is set to be the major drivers for the growth of the market. For instance in October 2020, Gilat Satellite Networks Inc announced that its cellular backhaul solution is declared operational and ready for execution in 5G architecture after its outstanding performance. Additionally, the growing popularity of mobile ground station among end users and use of satellites for remote sensing applications are the key elements assisting the market growth during the forecast period 2021-2026.

Report Coverage

The report based on: “Satellite Network Equipment Market – Forecast (2021-2026)”, by IndustryARC covers an in-depth analysis of the following segments.
By Type: NOC Equipment, VSAT Equipment, Antennas, Power Units, Gateways, Test and Monitoring Equipment.
By Bandwidth: Ka-band, Ku-band, C-band, S-band, others.
By Application: Data communication, Broadcasting, Scientific Research, Navigation, Earth Observation and Remote Sensing, Others.
By End User: Commercial (Power and Utilities, Maritime, Mining, Healthcare, Telecommunication & others), Government & Military (Space Agencies, Defence, Academic Research & others)
By Geography: North America (U.S, Canada, Mexico), Europe(Germany, UK, France, Italy, Spain and Others), APAC (China, Japan India, South Korea, Australia and Others), South America (Brazil, Argentina and others), and ROW (Middle East and Africa).

Key Takeaways

  • The Key players in the Satellite Network Equipment Market are Viasat Inc, NOVELSAT, Gilat Satellite Networks and so on with contracts and partnerships being adopted as key strategies.
  • Remote sensing application is anticipated to hold highest share at CAGR of 9.5% during the forecast period 2021-2026, owing to various applications.
  • Commercial Segment will hold the highest market share during the forecast period 2020-2025.
  • North America dominated the market in 2020 due to high investment in research projects.

Satellite Network Equipment Market, By Region, 2020 (%)
Satellite Network Equipment Market
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Satellite Network Equipment Market Segment Analysis - by Applications

Remote sensing application is analyzed to hold highest share at CAGR of 9.5% during the forecast period 2021-2026. Satellites with remote sensing capabilities are used for various applications such as urban planning, agriculture, rural development, disaster management, mineral exploration and forestry. Satellite network equipment helps in operation such as sending commands to receiving data from the satellite. Growing use of satellites for remote sensing will accelerate the demand for Satellite Network Equipment Market in the coming years. In July 2020 NOVELSAT announced the launch of its latest advanced Receiver hub for multi connectivity applications such as video conferencing, remote sensing and earth observations, cloud, IoT and SIGINT.

Satellite Network Equipment Market Segment Analysis - by End User

The commercial segment is the fastest growing segment in Satellite Network Equipment Market and is estimated to grow at around CAGR 9.2% during the forecast period 2021-2026, owing to the launch of satellite for various purposes like forecasting weather, remote sensing and earth observation, navigation, communication and many more. The demand for satellites for commercial purposes has increased. In March 2019 Gigaset Communication launched Gigaset Flyaway Antenna i.e. FA 240 for multiband transmission on all commercial satellites including Intelsat.

Satellite Network Equipment Market Segment Analysis - by Geography

North America dominated the Satellite Network Equipment Market in 2020 with a share in excess of 42.5%, due to frequent launch of satellites for communication and research purposes. The presence of key players such as L3 Harris Technologies, Viasat Inc, AVL Technologies and many more in this region influences the market growth. NASA is the world largest space agency which is located in this region, is one of the major drivers for the growth of the market in this region. As of 2019, USA has the highest government spending on space venture and satellite communication. APAC region is anticipated to witness the highest growth during the forecast period 2021-2026. In March 2021, BSNL, an Indian state owned Telecommunications company signed a contract with NOVELSAT to provide high speed satellite communication for internet broadband connection and back haul services in Andaman and Nicobar and Lakshadweep Islands.

Satellite Network Equipment Market Drivers

Growing demand for Internet of Things (IoT)

Satellite Network leads the IoT movement by connecting remote areas for business operations and providing broadband connectivity in trains, maritime vehicles, cargo vehicles .The use of sensor based satellite for exploration purposes is being widely used in mining and energy companies. Development of smart and sustainable cities leads to the adoption of satellite based communication. Even mobile banking and retail operation can be operated even in remote areas due to satellite communication. These factors help in the growth of the satellite industry which further leads to the growth of equipment market. In December 2020, BSNL announced the launch of satellite based IOT device service in partnership with Skylo, a US based firm. The device will provide communication to all over India including seas where mobile towers are not present.

Increase in demand from Government and Military Sector

The surge in demand for satellite communications in the Government and Military sector has boosted the Satellite Network Equipment Market during the forecast period 2021-2026, owing to rising security concern for constant surveillance and monitoring. By using network equipment, military can establish real time communication with satellite. The crew at ground station which receives signal, act as command and control center for satellite communication. The growing demand for constant navigation via unmanned aerial vehicle is being used to avoid mid air collision. The rising global terrorism has resulted into the usage of network equipment at military bases also. These factors contribute positively for the market growth. Recently in January 2021, L3 Harris Technologies announced the completion of development of electronic ground antenna for US Space force to improve communication with satellites.

Satellite Network Equipment Market Challenges

Lack of Infrastructure and Expensive Equipment

Many devices are required to setup satellite communication which are expensive and may hinder the growth of the market as manufacturing of these devices are costly. There is lack of proper infrastructure to install the devices. Complex installation process is one of the setbacks for the market.

Satellite Network Equipment Market Landscape

Partnerships, acquisitions, collaboration, technological innovation along with product launches are the key strategies adopted by the players in the Satellite Network Equipment Market. The top players of the market include Viasat Inc, L3 Harris Technologies, Gilat Satellite Networks, Campbell Scientific, Orbcomm, Quintech Electronics, AVL Technologies, Cobham PLC, Hughes Network System, Iridium Communications, NOVALSAT, EchoStar Corpration and many more.

Acquisitions/Technology Launches/Partnerships

  • In November 2020, Viasat Inc and Infostellar Inc (A Japanese based start up) signed an agreement on Real Time Earth (RTE). Through the agreement Viasat Inc became supplier of Antennas for Infostellar Inc.
  • In March 2020, hiSky, global provider of Satellite IOT connected services announced partnership with ST Engineering iDirect to provide integrated terminal and cloud based technologies for expansion of satellite based IOT communication. hiSky utilizes IOT terminal that consist of modem and antenna in Ka-band and Ku-band.

Relevant Reports:

Satellite Communication Market- Forecast Period 2021-2026
Report Code- ITR 18737

Satellite Manufacturing Market- Forecast Period 2021-2026
Report Code- ITR 19397

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1. Satellite Network Equipment Market Overview
    1.1 Definitions and Scope
2. Satellite Network Equipment Market - Executive Summary
    2.1 Market Revenue, Market Size and Key Trends by Company
    2.2 Key trends By End Use Industry
    2.3 Key trends segmented by Geography
3. Satellite Network Equipment Market – Market Landscape
    3.1 Comparative Analysis
        3.1.1 Product/Company Benchmarking-Top 5 Companies
        3.1.2 Top 5 Financial Analysis
        3.1.3 Market Value Split by Top 5 Companies
        3.1.4 Patent Analysis
        3.1.5 Pricing Analysis (Comparison of General Price of Industry Solutions)
4. Satellite Network Equipment Market – Industry Market Entry Scenario Premium (Premium)
    4.1 Regulatory Scenario
    4.2 Ease of Doing Business Index
    4.3 Case Studies
    4.4 Customer Analysis
5. Satellite Network Equipment Market – Startup Company Scenario (Premium)
    5.1 Venture Capital and Funding Scenario
    5.2 Startup Company Analysis
6. Satellite Network Equipment Market - Market Forces
    6.1 Market Drivers
    6.2 Market Constraints
    6.3 Porters five force model
        6.3.1 Bargaining power of suppliers
        6.3.2 Bargaining powers of customers
        6.3.3 Threat of new entrants
        6.3.4 Rivalry among existing players
        6.3.5 Threat of substitutes
7. Satellite Network Equipment Market – By Strategic Analysis (Market Size -$Million/Billion)
    7.1 Value Chain Analysis
    7.2 Opportunities Analysis
    7.3 Product Life Cycle/Market Life Cycle Analysis
8. Satellite Network Equipment Market – By Type (Market Size -$Million/Billion)
    8.1 NOC Equipment
    8.2 VSAT Equipment
    8.3 Antennas
    8.4 Power Units
    8.5 Gateways
    8.6 Test and Monitoring Equipment
9. Satellite Network Equipment Market – By Application (Market Size -$Million/Billion)
    9.1 Data Communication
    9.2 Broadcasting
    9.3 Scientific Research
    9.4 Navigation
    9.5 Earth Observation
    9.6 Remote Sensing
    9.7 Others
10. Satellite Network Equipment Market – By Bandwidth (Market Size -$Million/Billion)
    10.1 Ka-Band
    10.2 Ku-Band
    10.3 C-Band
    10.4 S-Band
    10.5 Others
11. Satellite Network Equipment Market – By End Use Industry (Market Size -$Million/Billion)
    11.1 Commercial
        11.1.1 Telecom
        11.1.2 Healthcare
        11.1.3 Mining
        11.1.4 Maritime
        11.1.5 Power and Utilities
        11.1.6 Others
    11.2 Military and Defense
        11.2.1 Space Agencies
        11.2.2 Defense
        11.2.3 Academic Research
        11.2.4 Other
12. Satellite Network Equipment Market - By Geography (Market Size -$Million/Billion)
    12.1 North America
        12.1.1 U.S
        12.1.2 Canada
        12.1.3 Mexico
    12.2 Europe
        12.2.1 Germany
        12.2.2 France
        12.2.3 UK
        12.2.4 Italy
        12.2.5 Spain
        12.2.6 Russia
        12.2.7 Netherlands
        12.2.8 Others
    12.3 APAC
        12.3.1 China
        12.3.2 Japan
        12.3.3 South Korea
        12.3.4 India
        12.3.5 Australia
        12.3.6 Indonesia
        12.3.7 Malaysia
        12.3.8 Others
    12.4 South America
        12.4.1 Brazil
        12.4.2 Argentina
        12.4.3 Chile
        12.4.4 Colombia
        12.4.5 Others
    12.5 RoW
        12.5.1 Middle East
        12.5.2 Africa
13. Satellite Network Equipment Market - Market Entropy
    13.1 New product launches
    13.2 M&A's, collaborations, JVs and partnerships
14. Satellite Network Equipment Market – Industry Competitive Landscape (Premium)
    14.1 Market Share – Global
    14.2 Market Share by Region
    14.3 Market Share By End Use Industry
15. Satellite Network Equipment Market – Key Company List by Country Premium (Premium)
16. Satellite Network Equipment Market - Company Analysis
    16.1 Company 1
    16.2 Company 2
    16.3 Company 3
    16.4 Company 4
    16.5 Company 5
    16.6 Company 6
    16.7 Company 7
    16.8 Company 8
    16.9 Company 9
    16.10 Company 10