Dublin, Feb. 24, 2022 (GLOBE NEWSWIRE) -- The "Global Satellite Antenna Market by Platform (Land Fixed, Land Mobile, Airborne, Maritime, Space), Antenna Type, Technology (SOTM, SOTP), Component Type (Reflectors, Feed Horns, Feed Networks, Low Noise Converters), Frequency, and Region - Forecast to 2026" report has been added to ResearchAndMarkets.com's offering.
The global satellite antenna market is projected to grow from USD 4.1 billion in 2021 to USD 10.5 billion by 2026, at a CAGR of 20.6%.
Satellite antenna equipment is an integral part of the communication in commercial and defense industries. The deployment of low earth orbit (LEO) satellites and constellations of satellites for communication applications has increased their demand across the globe. Other factors driving the market growth include growing demand for Ku- and Ka-band satellites, and the growing fleet of autonomous and connected vehicles used for various applications in the military and commercial sectors, which require customized satellite antennas.
The market is projected to grow further due to the increasing need for high-definition intelligence, surveillance, and reconnaissance (ISR) videos, and increasing number of connected commercial aircraft, rising adoption of UAVs and rising number of private aviation companies worldwide supporting market growth.
Based on technology, SOTM segment is expected to lead the satellite antenna market from 2021 to 2026. This is due to increasing need for uninterrupted mobile broadband coverage in remote and far-flung regions, streaming information and entertainment, extensive use of small satellites for commercialization and data transferability, technological advancements in transport and logistics network, and increasing demand for broadband connections and VSAT connectivity. In July 2021, the Digital Communications Commission (DCC) accepted the sector regulator's call to allow VSAT operators to provide satellite-based cellular backhaul connectivity to telcos to ensure uninterrupted mobile broadband coverage in remote and far-flung regions.
Premium Insights
- Attractive Growth Opportunities in Satellite Antenna Market -Use of Satellite Antenna Equipment for Tracking, Monitoring, and Surveillance Drives Market Growth
- Satellite Antenna Market, Platform - Airborne Segment Projected to Lead Satellite Antenna Market During Forecast Period
- Satellite Antenna Market, by Antenna Type - Phased Array Segment Projected to Lead Satellite Antenna Market During Forecast Period
- Satellite Antenna Market, by Component - Reflectors Segment Projected to Lead Satellite Antenna Market During Forecast Period
- Satellite Antenna Market, by Frequency - Ku-Band Segment Projected to Lead Satellite Antenna Market During Forecast Period
- Satellite Antenna Market, by Technology - SOTM Segment Projected to Lead Satellite Antenna Market During Forecast Period
- Satellite Antenna Market, by Country - Satellite Antenna Market in India Projected to Register Highest CAGR During Forecast Period
Market Dynamics
Drivers
- Increasing Use of Electronically Steered Phased Array Antennas
- Increasing Launches of Satellites & Space Exploration Missions
- Increasing Demand for Satellite Antennas for Maritime Applications
- Increasing Demand for UAVs and Focus on Development of Compact Antenna Systems for UAV Platforms
- Increasing Defense Budget of Developing Countries
Restraints
- High Costs Associated with Development and Maintenance of Infrastructure to Support Satellite Antennas
- Issues Associated with Poor Transmission of Signals
Opportunities
- Development of Ultra-Compact Satellite Antennas for Advanced Ground Combat Vehicles
- Proposed Development of Satellite Networks for Internet Access in Remote Areas
- Integration of Satellite Antennas in Automobiles
- Demand for High Data Rate Transmission
Challenges
- Electromagnetic Compatibility-Related Challenges of Satellite Antennas
- High Cost of Satellite Services
- Radio Spectrum Availability Issues
- Lack of Qualified Workforce
Companies Mentioned
- Airbus
- Aselsan A.S.
- Bae Systems plc
- Ball Corporation
- Cesium Astro
- Cobham plc
- Collins Aerospace
- Datapath, Inc.
- Digisat International, Inc.
- Freefall Aerospace
- General Dynamics Corporation
- Gilat Satellite Networks
- Hanwha-Phasor
- Honeywell International Inc.
- Hughes Network Systems
- Intellian Technologies, Inc.
- Isotropic Systems
- Jettalk
- Kymeta Corporation
- L3Harris Technologies
- Lockheed Martin Corporation
- Maxar Technologies
- Micro-Ant
- Mitsubishi Electric Corporation
- ND Satcom
- Norsat International Inc.
- Orbit Communication Systems Ltd.
- Ruag International Holding Ltd.
- Sat-Lite Technologies
- Satixfy
- Taoglas
- Thales Group
- Thinkom Solutions, Inc.
- Viasat Inc.
- Viking Satcom Ltd.
For more information about this report visit https://www.researchandmarkets.com/r/1b8q9b
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