Global $47 Billion Satellite Communication Equipment Market - Trends, Key Players, Competitive Strategies and Forecasts, 2018-2026 - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Sep 26, 2018--The “Global Satellite Communication Equipment Market Size, Market Share, Application Analysis, Regional Outlook, Growth Trends, Key Players, Competitive Strategies and Forecasts, 2018 To 2026” report has been added to ResearchAndMarkets.com’s offering.
The global satellite communication equipment market set to expand with a CAGR of 8.88% throughout the forecast period to cross US$ 47.0 Bn by 2026.
The overall satellite communication equipment market set to demonstrate promising growth over the forecast period, majorly due to significantly growing IT & telecommunication sector worldwide. The global telecommunication traffic expected to cross 290 terabits per second in 2017 along with addition of new 196 terabits per second of international Internet capacity between 2013 and 2017.
The overall SATCOM equipment market is segmented on the basis of product type and end-use. Based on product type, SATCOM transceiver is leading the global SATCOM equipment market and accounting for more than 1/4 of the total market value. This is mainly due to growing use of satellite equipment for navigation applications along with increasing surveillance applications by a number of defense authorities.
The growth in SATCOM equipment market is further supported by the increasing use of Internet of Things (IoT) applications, television, real time communication and others. According to Ericsson AB, more than 2 Bn objects (excluding smartphones) are expected to be connected using cellular technology by 2023. This include robotics, agricultural fields & equipment and logistics among others. SATCOM equipment penetration in IoT applications is believed to dramatically improve overall real time connectivity, enhance technological feasibility and significantly reduce operational costs.
With Internet of Things (IoT) gaining significant traction across almost all government sector as well as commercial sector, IT & telecommunication industry set to continue the trend as the largest application of the market. Similarly, emerging trend of connected vehicles as well as penetration of navigation system is further driving the SATCOM market growth. Another motivating factor for the global SATCOM market growth is rising adoption of satellite communication services in the media sector. Growing demand for live broadcasting of sports, entertainment & other events, commercial advertisements, news and live telecast of various ongoing events is set to drive the further growth of SATCOM equipment market.
Key Topics Covered:
Chapter 1 Preface
Chapter 2 Executive Summary
Chapter 3 Market Dynamics
Chapter 4 Global Satellite Communications Equipment Market Analysis, by Product Type, 2016 - 2026 (US$ Bn)
Chapter 5 Global Satellite Communications Equipment Market Analysis, by End-use, 2016 - 2026 (US$ Bn)
Chapter 6 North America Satellite Communications Equipment Market Analysis, 2016 - 2026 (US$ Bn)
Chapter 7 Europe Satellite Communications Equipment Market Analysis, 2016 - 2026
Chapter 8 Asia Pacific Satellite Communications Equipment Market Analysis, 2016 - 2026 (US$ Bn)
Chapter 9 Rest of the World (RoW) Satellite Communications Equipment Market Analysis, 2016 - 2026 (US$ Bn)
Chapter 10 Company ProfilesCobham plc. Digisat International, Inc. Paradigm Secure Communications Ltd. Skyware Technologies Ltd. EPAK International, Inc. Digital Barriers Plc. C-COM Satellite Systems Inc. SatCom Global Ltd. Newtec Cy nv Aselson A. S. Nu-Cast Inc. Communications & Power Industries LLC Orbital Tracking Corporation Campbell Scientific, Inc.
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Related Topics:Satellite Communications,Telecommunications Equipment
INDUSTRY KEYWORD: TECHNOLOGY TELECOMMUNICATIONS SATELLITE
SOURCE: Research and Markets
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PUB: 09/26/2018 08:01 AM/DISC: 09/26/2018 08:01 AM