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The satellite cables and assemblies market is projected to grow from USD 210 million in 2021 to USD 560 million by 2026, at a CAGR of 21.7 % announces the release of the report “Satellite Cables and Assemblies Market by Satellite Type, Component, Cable type, Conductor material, Insulation type, Conductor type and Region – Forecast to 2026” .

Factors such as versatility, low cost, advanced materials, ease of manufacturing and assembly, mass production, and short lifecycles have driven investments in the satellite cables and assemblies market. Satellite cables and assemblies are inherently balanced and provide better mechanical reliability than the conventional cables for transmitting signals, supplying power, or sending earth images.

Major manufacturers in this market are based in North America and Europe. Nexans S.A (France), Amphenol Corporation (US), T.E Connectivity (Switzerland), Huber +Suhner (Switzerland), W.L Gore & Associates (US) are among a few leading players operating in the satellite cables and assemblies market.

The COVID-19 pandemic has caused significant damage to the economic activities of countries across the world.The manufacturing of satellite cables and assemblies systems, subsystems, and components has also been impacted.

Although satellite systems are critically important, disruptions in the supply chain have halted their manufacturing processes for the time being.Resuming manufacturing activities depends on the level of COVID-19 exposure, the level at which manufacturing operations are running, and import-export regulations, among other factors.

While companies may still be taking in orders, delivery schedules may not be fixed.

Based on satellite type, the large satellites segment is expected to lead the satellite cables and assemblies market from 2021 to 2026.
Satellites that weigh >1,000 kg are termed large satellites.Government space agencies dominate the majority of the large satellite market.

The heaviest artificial objects to reach lower earth orbit mainly include space stations and various upper stages of rockets. The increase in space platforms, deep space explorations are driving the usage of large satellites.

Based on component, the cables segment is expected to lead the satellite cables and assemblies market from 2021 to 2026.
Cables are used in satellites that are increasingly being adopted in modern communication technologies, miniaturization, deep space exploration.The introduction of wireless satellite internet and development of miniature hardware systems are exploiting numerous opportunities in the field of satellite-enabled communication.

Cables incorporate multiple layers of wires, insulation, and fillers, which limits heat dissipation.

Based on region, North America is expected to lead the satellite cables and assemblies market from 2021 to 2026.
The US is a lucrative market for satellite cables and assemblies systems in the North America region.The US government is increasingly investing in advanced satellite technologies to enhance the quality and effectiveness of satellite communication.

The increasing investment on satellite equipment to enhance defense and surveillance capabilities of the armed forces, modernization of existing communication in military platforms, critical infrastructure and law enforcement agencies using satellite systems, are key factors expected to drive the satellite cables and assemblies market in North America. The break-up of the profile of primary participants in the satellite cables and assemblies market:
• By Company Type: Tier 1 – 35%, Tier 2 – 45%, and Tier 3 – 20%
• By Designation: C Level – 35%, Director Level – 25%, and Others – 40%
• By Region: North America – 30%, Europe – 20%, Asia Pacific – 25%, Middle East & Africa – 15%, Latin America – 10%.

Globe Newswire

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