Satellite Antenna Market to Witness the Highest Growth in North America Region by 2026 - PowerPoint PPT Presentation

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Satellite Antenna Market to Witness the Highest Growth in North America Region by 2026

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The 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%. – PowerPoint PPT presentation

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Title: Satellite Antenna Market to Witness the Highest Growth in North America Region by 2026


1
Satellite Antenna Market to Witness the Highest
Growth in North America Region by 2026 According
to a research report "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" published by MarketsandMarkets, the
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 communication in
the commercial and defense industry. The
deployment of low
earth orbit (LEO) satellites and
constellations of satellites for has
communication applications
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. Download
PDF Brochure _at_ https//www.marketsandmarkets.com/p
dfdownloadNew.asp?id238993430 Growing
investments by several governments particularly
in developed and developing economies such as the
US, India, and China, among others. COVID-19 has
affected the Satellite antenna market growth to
some extent, and this varies from country to
country. Industry experts believe that the
pandemic has not affected the demand for
satellite antenna equipment. Key Market
Players The satellite antenna market is dominated
by a few globally established players such as
Thales Group (France), L3Harris Technologies
(US), Honeywell International Inc. (US), Hughes
Network Systems (US), Viasat, Inc. (US), among
others. Based on platform, airborne segment is
estimated to lead the satellite antenna market
from 2021 to 2026. 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
2
connected commercial aircraft, rising adoption of
UAVs and rising number of private aviation
companies worldwide supporting market growth. In
December 2019, The French Airforce have enhanced
their Airborne Satellite communication
capabilities by adopting new Thales technologies.
The French Defense agency awarded a contract to
Thales to design and built the next-generation
Syracuse 4 satellite communication system. This
contract enables French defense forces to
improvise the SATCOM system in the Charles De
Gaulle Aircraft Carrier and the Rafale combat
aircraft. 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 tr
ansferability, and increasing
technological demand for
advancements in transport and logistics
network,
broadband connections and VSAT connectivity.
In July 2021, the Digital Communications
Commission (DCC) accepted the sector regulators
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. Based
on region, North America is expected to lead the
satellite antenna market from 2021 to 2026. The
US is a lucrative market for satellite antenna
equipment in the North American region. The US
government is increasingly investing in advanced
satellite antenna technologies to enhance the
quality and effectiveness of satellite
communication. The increasing investment on
satellite antenna equipment to enhance
defense and surveillance capabilities of the
armed forces, modernization of existing
communication in military platforms, critical
infrastructure and law enforcement agencies
are increasingly using satellite antenna
equipment are key factors expected to drive the
satellite antenna market in North America.
In August 2020, The US Special Operations
Command (USSOCOM) awarded Cubic Mission Solutions
(CMS) a follow- on, single-award,
indefinite-delivery/indefinite-quantity (ID/IQ)
contract with a ceiling of USD 172 million. The
contract is for the delivery of Ground Area
Transmit Receive (GATR) inflatable SATCOM
terminals and baseband communications equipment
in support of the communications requirements of
Special Operations Forces (SOF). Contracts were
the main strategy adopted by leading players to
sustain their position in the Satellite antenna
market, followed by new product developments with
advanced technologies. Many companies also
collaborated to set up special centers for the
research development of advanced satellite
antenna equipment. Ask for Sample Report
_at_ https//www.marketsandmarkets.com/requestsampleN
ew.asp?id238993430
3
About MarketsandMarkets MarketsandMarkets
provides quantified B2B research on 30,000 high
growth niche opportunities/threats which will
impact 70 to 80 of worldwide companies
revenues. Currently servicing 7500 customers
worldwide including 80 of global Fortune 1000
companies as clients. Almost 75,000 top officers
across eight industries worldwide approach
MarketsandMarkets for their painpoints
around revenues decisions. MarketsandMarketss
flagship competitive intelligence and market
research platform, "Knowledgestore" connects over
200,000 markets and entire value chains for
deeper understanding of the unmet insights along
with market sizing and forecasts of niche
markets. Contact Mr.Aashish Mehra
MarketsandMarkets INC. 630 Dundee Road Suite
430 Northbrook, IL 60062 USA 1-888-600-6441
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