Pune, June 13, 2023 (GLOBE NEWSWIRE) -- A global Electronics research and business-consulting firm, Maximize Market Research, has published a market intelligence report on the “Satellite Antenna Market”. The report is a combination of primary data and secondary data and domain expert has analyzed Satellite Antenna Market from a local as well as a global point of view. Over the forecast period, Maximize Market Research expects, the market to grow from USD 7.24 Bn in 2022 to USD 19.16 Bn in 2029 at a CAGR of 14.9 percent.
Satellite Antenna Market Report Scope and Research Methodology
| Market Size in 2022 | USD 7.24 Bn. |
| Market Size in 2029 | USD 19.16 Bn. |
| CAGR | 14.9 percent (2023-2029) |
| Forecast Period | 2023-2029 |
| Base Year | 2022 |
| Number of Pages | 276 |
| No. of Tables | 116 |
| No. of Charts and Figures | 114 |
| Segment Covered | Type, End User, Platform, Technology, and Frequency |
| Regional Scope | North America, Europe, Asia Pacific, Middle East and Africa, South America |
| Report Coverage | Market Share, Size & Forecast by Revenue | 2022−2029, Market Dynamics, Growth Drivers, Restraints, Investment Opportunities, and Key Trends, Competitive Landscape, Key Players Benchmarking, Competitive Analysis, MMR Competition Matrix, Competitive Leadership Mapping, Global Key Players’ Market Ranking Analysis. |
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The report offers a quantitative analysis of the current drivers, restraints, trends, estimations, and opportunities in the Satellite Antenna Market, providing insights into prevailing opportunities during the forecast period. PORTER's five forces analysis evaluates the profit-oriented strategic decisions and supplier-buyer networks of market participants. In-depth analysis, market size, and segmentation aid in determining the current market potential. The report provides a comprehensive analysis to stakeholders interested in investing in the global Satellite Antenna Market, encompassing past and current market scenarios with forecasted size. It includes strategic profiling of key players, analyzing their core competencies, growth strategies, and market presence to guide investors. Mergers and acquisitions are among the strategies employed by players to expand market share and seize growth opportunities.
Satellite Antenna Market Overview
The satellite or dish antenna is a device mainly responsible for receiving or transmitting high-frequency electromagnetic waves from the Earth to satellites that orbit in free space, and adapting these frequencies so that they can be distributed over coaxial cable networks. The research report focuses on a deep analysis of trending competitors, their market growth and dynamics. The report shows insights into the market’s regional and global values and demands. It helps to understand the competitive landscape and market potential on production demand and supply. Segmentation analysis includes major factors of psychographic, demographic, geographic, and behavioral segmentation. These factors discern marketing strategy, focused and targeted products, offers, and experiences. Porter’s analysis helps to find the strength of an organization’s competing position to improve profitability.
Satellite Antenna Market Dynamics
The upgrading, reliable, and high-speed television, and telecommunication system which includes voice, data, and videos are the basic factors that are driving the growth of the Satellite Antenna Market. The technological advancement in satellite systems offers various options as well as quality to the frequency bands. The satellite antenna market is subject to various regulations imposed by governments and international organizations. Licensing requirements, spectrum allocation, and compliance with specific standards pose challenges to market players. These regulations may vary across different countries and regions, impeding market growth. While satellite communication offers distinct advantages such as global coverage and resilience in disaster-prone areas, it faces competition from terrestrial networks, fiber optics, and emerging technologies like 5G.
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The availability of affordable terrestrial alternatives in densely populated areas limits the market potential for satellite antennas. The integration of satellite networks with 5G technology presents significant opportunities for the satellite antenna market. Satellite networks can complement 5G infrastructure, providing coverage in remote areas and bridging the digital divide. This integration opens up new avenues for satellite antenna manufacturers and service providers. The emergence of LEO satellite constellations such as SpaceX's Starlink and One Web offers growth opportunities for satellite antenna manufacturers. These constellations aim to provide global broadband coverage with low latency. The deployment of numerous satellites in LEO necessitates advanced phased array antennas and ground station equipment, creating opportunities for innovation and market expansion. The demand for smaller, lighter, and more compact satellite antennas is increasing, especially for applications such as unmanned aerial vehicles (UAVs) and nanosatellites. Developing miniaturized antenna solutions with improved performance and power efficiency unlocks new market segments and applications.
Satellite Antenna Market Regional Insights
The advancement in technology and upgrading new platforms for such devices, economic development, and increased government investments in the satellite Antenna Market are driving the Asia Pacific Satellite Antenna Market growth. North America serves as a prominent market for satellite antennas due to the presence of major satellite communication companies and continuous technological advancements. The region experiences strong demand for satellite-based services across industries such as telecommunications, broadcasting, and defense. The demand for satellite communication services, including broadband connectivity and broadcasting, drives market growth in Europe.
South America presents emerging opportunities for the satellite antenna market. The region exhibits a demand for satellite communication services in remote and underserved areas where terrestrial infrastructure is limited. Key contributors to this market in South America include Brazil and Argentina. Government initiatives to bridge the digital divide and expand connectivity further enhance market prospects.
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Satellite Antenna Market Segmentation
By Platform:
- Land Fixed
- Airborne
- Maritime
- Space
The land-fixed platform is expected to dominate the market during the forecast period. Due to the high demand for satellite-based communication services and technological advancement in residential and commercial sectors.
By Type:
- Reflector
- Patch
- Phased Array
The reflector antenna segment is expected to dominate the market during the forecast period. This is due to the increasing demand for reflector antennas in the commercial and residential sectors.
By Technology:
- Mechanically Steered
- Electronically Steered
By Frequency:
- L-Band
- C-Band
- Ku-Band
- Ka-Band
- V-Band
By End User:
- Commercial
- Residential
- Defence
- Others
Satellite Antenna Market Key Competitors Include:
- Antennas Direct
- Aviat Networks
- Cambium Networks
- CommScope
- Dish Network
- EchoStar Corporation
- Gigalink
- Hughes Network Systems
- JMA Wireless
- KVH Industries
- L3Harris Technologies
- Maxwell Technologies
- Motorola Solutions
- Newtec
- NXP Semiconductors
- Omnisys Corporation
- Panasonic Avionics Corporation
- Planet Labs
- QNX Software Systems
- RCom
- SATELLIFE
- SES
- Spirent Communications
- Technicolor
- Viasat
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Key questions answered in Satellite Antenna Market are:
- What is Satellite Antenna Market?
- What was the Satellite Antenna Market size in 2021?
- What is the expected Satellite Antenna Market size during the forecast period?
- What are the global trends in Satellite Antenna Market?
- What are the major restraints for Satellite Antenna Market?
- Which segment dominated the Satellite Antenna Market growth?
- What is the demand pattern for Satellite Antenna Market?
- What growth strategies are the players considering to increase their presence in Satellite Antenna Market?
- What are the upcoming industry applications and trends for Satellite Antenna Market?
- Who are the leading companies and what are their portfolios in Satellite Antenna Market?
- Which region dominates the largest market share in Satellite Antenna Market?
Key Offerings:
- Past Market Size and Competitive Landscape (2018 to 2021)
- Past Pricing and price curve by region (2018 to 2021)
- Market Size, Share, Size & Forecast by different segment | 2022−2029
- Market Dynamics – Growth Drivers, Restraints, Opportunities, Organization Size, Application, and Industry Vertical
- Market Segmentation – A detailed analysis by Type, End User, Platform, Technology, and Frequency
- Competitive Landscape – Profiles of selected key players by region from a strategic perspective
- Competitive landscape – Market Leaders, Market Followers, Regional player
- Competitive benchmarking of key players by region
- PESTLE Analysis
- PORTER’s analysis
- Value chain and supply chain analysis
- Legal Aspects of Business by Region
- Lucrative business opportunities with SWOT analysis
- Recommendations
Maximize Market Research is leading Electronics research firm, has also published the following reports:
Connected TV Market - The market size is expected to reach USD 32.62 Bn by 2029 at a CAGR of 13.3 percent during the forecast period. The growing global internet usage has led to the growth of the connected TV market as it enables seamless streaming of online content.
TV Transmitter Market - The market size is expected to reach USD 1064.86 Mn by 2029 at a CAGR of 4.50 percent during the forecast period. The growth rate in the target market is due to the tremendous potential for network connectivity and related infrastructure of the next generation to provide faster communication and simultaneous communications between different devices.
Antenna Market - The market size is expected to reach USD 37.37 Bn by 2029 at a CAGR of 8.72 percent during the forecast period. The increasing use of wireless systems, wireless communications, and the increased acceptance of antennas in consumer electronics such as smartphones, laptops, tablets, and other devices in the Antenna market during the forecast period.
Telecommunication Market: - The market size is expected to reach USD 2524.8 Bn by 2029 at a CAGR of 5.4 percent during the forecast period. One of the key factors driving this market is rising investment in 5G infrastructure deployment due to a shift in customer preference toward next-generation technologies and Smartphone devices.
B2B Telecommunication Market - The market size is expected to reach USD 163.6 Bn by 2029 at a CAGR of 15 percent during the forecast period. The adoption of the Internet of Things is one of the key factors driving the global B2B Telecommunication Market (IoT).
About Maximize Market Research:
Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology, and communication, cars, and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.
