Global satellite communication (SATCOM) equipment market is projected to grow at a 15% rate through the forecast period

The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The Business Research Company’s “Satellite Communication (SATCOM) Equipment Global Market Report 2023” is a comprehensive source of information that covers every facet of the SATCOM equipment market. As per TBRC’s satellite communication (SATCOM) equipment market forecast, the satellite communication (SATCOM) equipment market size is expected to grow to $67.68 billion in 2027 at a CAGR of 14.5%.

The growth in the satellite communication (SATCOM) equipment market is due to the increasing number of mobile satellite services and small satellites. North America region is expected to hold the largest SATCOM equipment market share. Major players in the SATCOM equipment market include SKY Perfect JSAT Holdings Inc., L3 Technologies Inc., SES S.A., Telesat LLC, Intelsat S.A., Viasat Inc.

Product innovations are the key trend gaining popularity in the satellite communication equipment market. Major companies operating in the satellite communication equipment sector are focused on developing new product innovations and solutions to strengthen their position.

Satellite communication (SATCOM) equipment refers to electronic devices, including the mounting style, product type, and connector type or interface enabling communication with satellites in earth’s orbit or space. Satellite communication is mostly used for traditional point-to-point communications, mobile applications, and the distribution of TV and radio programs. Information is transported from one location to another through satellite communication, which involves a communication satellite orbiting the Earth. It is used for the transmission, conditioning, and reception of satellite signals in worldwide telecommunications.

The Satellite Communication (SATCOM) Equipment Global Market Report 2023 by The Business Research Company is the most comprehensive report that provides insights and satellite communication (SATCOM) equipment market analysis on global satellite communication (SATCOM) equipment market size, drivers and satellite communication (SATCOM) equipment market trends, SATCOM equipment market major players, satellite communication (SATCOM) equipment market share competitors’ revenues, market positioning, and SATCOM equipment market growth across geographies. The SATCOM equipment market report helps you gain in-depth insights on opportunities and strategies. Companies can leverage the data in the report and tap into segments with the highest growth potential. EIN News