Market overview:

The Global SATCOM Equipment Market was worth 20.20 billion USD in 2017, and it is estimated to reach a valuation of 30.32 billion USD by 2022, developing at a CAGR of 8.46% during the conjecture period.

Market Drivers and Restrains:

Growing fleet of autonomous and connected vehicles and the increasing investments by the major players are some of the driving factors that propels the growth of the market of SATCOM Equipment. Also, increasing need for uninterrupted communication in various industries is also helping the market to grow further. However, radio spectrum availability issues, cyber security concerns and high satellite service costs are some of the restraints that hinders the expansion of the market of SATCOM equipment.

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Report is segmented as:

The SATCOM Equipment market is segmented based on product, vertical, end use and technology.

By product, the SATCOM Equipment market is divided into SATCOM receiver, SATCOM transmitter, SATCOM transceiver, SATCOM antenna, SATCOM modem and other products.

By vertical, the market is segmented into government & defense, commercial.

By end use, the market is segmented into maritime SATCOM equipment, airborne SATCOM equipment, portable SATCOM equipment, land mobile SATCOM equipment, land fixed SATCOM equipment.

By technology, the market is segmented into SATCOM AIS, SATCOM VSAT, SATCOM telemetry, SATCOM on the move, SATCOM on the pause.

Geographical Segmentation:

Asia Pacific region holds the major share of the global SATCOM Equipment market owing to the increased use of satellite antennas in automobiles in this area. This region is also foreseen to hold the dominance of the market over the outlook period. North America region records the second largest share of the SATCOM Equipment market because of the increase of product innovation by the key players in the industry.

Impact of COVID-19 on SATCOM Equipment Market

The world suffered a lot due to coronavirus pandemic, all the industries are facing a lot of financial crisis due to the halt of their businesses because of the lockdown imposed by the government authorities. Also, the companies related to SATCOM Equipment are also facing financial crisis due to the COVID-19 pandemic. As per the analysis, the SATCOM Equipment market is supposed to expand with the increasing product innovations.

Key market players:

Major players of SATCOM Equipment market are: L3 Technologies (US), Viasat (US), and Harris Corporation (US), General Dynamics Corporation (US), Cobham Plc (UK).

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Scope of the report:

The report offers a comprehensive examination of the industry by providing the estimations of market potential and forecasts with utmost granularity. Along this, the factors influential in influencing the market dynamics and trends discussed in detail at the product level. Further, the performance of the market at the regional and country-level had assessed and the prospects with huge growth potential identified and debated.

The key players in the industry are profiled giving insights on their financial performance, market position and growth strategies. Comparative analysis on prime strategically activities of the market players delineating the key developments like mergers & acquisitions, collaborations and an evaluation of the competitive environment within the industry had provided. The report also provides a broad outlook of the current market along with recommendations from industry experts on the opportunities for investment activity.

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