Trends
Satellite ground station equipment market size to increase by USD 6.86 billion
The Satellite Ground Station Equipment Market by Type and Geography – Forecast and Analysis 2022-2026 report has been published by Technavio. Market growth is estimated to accelerate at a CAGR of 7.11% and register an incremental growth of USD 6.86 billion during the forecast period. The report provides a comprehensive analysis of growth opportunities at regional levels, new product launches, the latest trends, and the post-pandemic recovery of the global market.
Regional analysis
Based on region, the global satellite ground station equipment market is segmented into North America, APAC, Europe, South America, and the Middle East and Africa. North America is estimated to account for 39% of the growth of the global market over the forecast period. The presence of numerous satellite service providers such as SES, EchoStar, and Globecomm Systems Inc. (Globecomm Systems) is driving the growth of the regional market.
Based on region, the global satellite ground station equipment market is segmented into North America, APAC, Europe, South America, and the Middle East and Africa. North America is estimated to account for 39% of the growth of the global market over the forecast period. The presence of numerous satellite service providers such as SES, EchoStar, and Globecomm Systems Inc. (Globecomm Systems) is driving the growth of the regional market.
Company profiles
The satellite ground station equipment market report includes information on the key products and recent developments of leading vendors, including:
The satellite ground station equipment market report includes information on the key products and recent developments of leading vendors, including:
- Baylin Technologies Inc: The company offers turnkey terrestrial and satellite communications solutions.
- Comtech Telecommunications Corp.: The company offers satellite earth station products such as modems and amplifiers.
- EchoStar Corp.: The company offers satellite communications infrastructure and solutions to media and broadcast organizations.
- Gilat Satellite Networks Ltd.: The company offers VSAT terminals and a comprehensive network management system.
- GomSpace Group AB: The company offers a dual radio setup, an S-band radio unit for high-speed satellite up/downlink, and Ethernet access to operators.
- Inmarsat Global Ltd
- Innovative Solutions In Space BV
- Kratos Defense and Security Solutions Inc
- Norsat International Inc, NovelSat
Market dynamics
The market is driven by factors such as the increasing investments in HTS communication, the rise in the number of satellite launches, and the growing use of satellites for remote sensing applications. However, high initial investments are hindering the market growth.
The market is driven by factors such as the increasing investments in HTS communication, the rise in the number of satellite launches, and the growing use of satellites for remote sensing applications. However, high initial investments are hindering the market growth.
Competitive analysis
The competitive scenario categorizes companies based on various performance indicators. Some of the factors considered include the financial performance of companies over the past few years, growth strategies, product innovations, new product launches, investments, growth in market share, among others.
The competitive scenario categorizes companies based on various performance indicators. Some of the factors considered include the financial performance of companies over the past few years, growth strategies, product innovations, new product launches, investments, growth in market share, among others.
Market Segmentation
- Based on type, the market is segmented into NOC equipment, VSAT equipment, antennas, power units, and others. The NOC equipment segment accounted for the largest share of the market in 2021.
- Based on geography, the market is segmented into North America, APAC, Europe, South America, and Middle East and Africa. North America held the largest share of the market in 2021.
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