Market expected to exceed $125 billion by 2030, increasing number of space exploration missions will drive new satellite launches and opportunities

Satellite ground station equipment market

DUBLIN, April 26, 2024 (Globe Newswire) — The “Satellite Ground Station Equipment – Global Strategic Business Report” report has been added. ResearchAndMarkets.com Recruitment.

Global satellite ground station equipment market expected to reach $125.4 billion by 2030

The global market for satellite ground station equipment, estimated at USD 55.9 billion in 2022, is projected to reach a revised size of USD 125.4 billion by 2030, growing by 10.6% over the analysis period 2022-2030. growing at a CAGR of

During the pandemic, satellite connectivity has emerged as a critical resource, highlighting the importance of satellite ground station equipment. In the competitive scenario, companies are adopting organic and inorganic strategies to maintain their position in the market, with active participation of his 93 players across the globe. Innovations and advancements by selected companies will drive the evolution of satellite communications infrastructure, with ground equipment playing a vital role.

NOC equipment, one of the segments analyzed in the report, is projected to register a CAGR of 11.9% and reach USD 63.2 billion by the end of the analysis period. The growth of the Vsat equipment segment is estimated at 11% CAGR over the next eight years.

The US market is estimated at $22.8 billion, while China is expected to grow at a CAGR of 12.5%

The global market outlook analyzes the Satellite Ground Station Equipment Components and Applications market and considers the key trends, drivers, and constraints shaping the industry’s trajectory. Despite the obstacles, recent market activity reflects ongoing developments and insights from influencers provide valuable market perspective.

The US satellite ground station equipment market is estimated at USD 22.8 billion in 2022. China, the world’s second largest economy, is expected to reach a projected market size of USD 18 billion by 2030, with a CAGR of 12.5%. Other notable geographic markets include Japan and Canada, which are expected to grow by 9.3% and 10.6%, respectively, between 2022 and 2030. Among Europe, Germany is projected to grow at a CAGR of approximately 10.1%.

Key attributes:

Main topics covered:

I. Methodology

II. Executive Summary

1. Market overview

• Satellite connectivity becomes important during the pandemic

• competitive scenario

• Players are betting on organic and inorganic strategies to stay competitive in the satellite ground station equipment market

• Innovation and progress from carefully selected companies

• Competitive Market Presence – Strong/Active/Niche/Minor (E) for 93 Players Worldwide in 2023

• The complexity of satellite communications: from ground to space

• Ground equipment: the key element supporting satellite communications infrastructure

• Global market outlook and prospects

• Key trends, drivers and restraining factors influencing market trajectory

• Analysis by component

• Introduction to satellite ground station equipment

• Application market for satellite ground station equipment

• Digging into obstacles and solutions in ground satellite station services and operations

• Recent market activity

• Insights into the influencer market

story continues

Market trends and drivers

• The market is buzzing with dynamic satellite activity

• Satellite classification

• Global number of small satellites launched into space by application scenario

• Increase in space exploration missions drives new satellite launches and expands market opportunities

• Demand for satellites will increase tremendously at the end of this decade

• Greater focus on strengthening national security

• Buzzing dynamics supporting the phenomenal expansion of the satellite ground station equipment market

• New space developments disrupt satellite ground station sector

• Automation as a prominent trend in the satellite ground station arena

• Ground stations leverage AI and ML to enable ground-based space situational awareness

• AI boasts futuristic advances in space and satellite domains

• Artificial intelligence will play a vital role in next-generation satellite broadcasting ground stations

• Creating an AI-based solution that automates ground station maintenance for next-generation satellite communications

• Emerging applications and trends impacting satellite communications

• Market benefits from influx of high-performance antennas

• Increased utilization of S-band creates optimal ground for S-band antennas

• Great opportunity to unlock the potential of ESA to replace parabolic antennas, but obstacles to growth remain

• Technological advances improve the performance and functionality of satellite communications

• As the importance of earth observation increases, the demand for ground station equipment increases.

• Accelerating progress in Earth observation programs

• Additive manufacturing makes headlines by creating GPS satellite components and equipment

• Continued efforts by military organizations to strengthen satellite networks to foster growth

• Focus on military and defense ground station solutions

• Innovations in sensor technology pave the way for commercialization of space technology

• Accelerating expansion of 5G to drive growth

• 5G deployment as a percentage of total mobile connections by region in 2030

• 5G and networking adoption

• Market challenges and constraints

Focus on carefully selected players (93 posts in total)

For more information on this report, please visit https://www.researchandmarkets.com/r/jwdpmw.

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