SATCOM Equipment Market for Space Worth $7.0 Billion by 2025 - Exclusive Report by MarketsandMarkets™

CHICAGO, July 10, 2019 /PRNewswire/ -- According to the new market research report "SATCOM Equipment Market for Space by Component (Transponders, Transceivers, Converters, Amplifiers, Antennas), Satellite Type (CubeSat, Small, Medium, Large), End User (Commercial, Government & Military), Application, Region - Global Forecast to 2025", published by MarketsandMarkets™, the SATCOM Equipment Market is projected to grow from USD 2.8 billion in 2019 to USD 7.0 billion by 2025, at a CAGR of 16.8% from 2019 to 2025. The growth of the market across the globe can be attributed to the increasing launch of satellites for applications such as earth observation, communication, and navigation.

Ask for PDF Brochure:

https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=177487346

Based on application, the earth observation & remote sensing segment is projected to lead the SATCOM equipment market for space during the forecast period.

Based on application, the SATCOM equipment market for space is projected to be led by the earth observation & remote sensing segment from 2019 to 2025. According to an article published by SpaceNews in December 2018, the demand for earth observation (EO) is growing, due to a growing focus on analytics from high-resolution and medium-resolution imagery. Technology for analyzing data gathered from EO satellites such as big data analytics is expected to grow four times over the decade.                                    

The increasing use of CubeSats for earth observation and remote sensing is expected to drive the SATCOM equipment market for space from 2019 to 2025.

Based on satellite type, the CubeSat (0.25U–27U) segment is projected to grow at the highest CAGR during the forecast period. The SATCOM equipment market for CubeSats is expected to grow during the forecast period due to an increase in the volume of CubeSats launched and scheduled for launch during the forecast period. CubeSats are used for a variety of missions, have a small form factor, and cost substantially less to develop and launch in comparison to large satellites. The increase in the launch of CubeSats can be attributed to the rising demand for EO.

North America and Asia Pacific are projected to be high growth potential markets for SATCOM equipment for space during the forecast period.

The SATCOM equipment market for space in the North American region is expected to witness substantial growth during the forecast period due to increased launch and scheduled launch of satellites.

Browse in-depth TOC on "SATCOM Equipment Market for Space"

83 – Tables

40 – Figures

143 – Pages

Request Sample pages of the Report:

https://www.marketsandmarkets.com/requestsampleNew.asp?id=177487346

According to an article published in The New York Times in May 2019, SpaceX launched a batch of 60 internet communication satellites, as a part of the Starlink Megaconstellation Project. According to an article published by Future US, Inc., SpaceX has received permission from the Federal Communications Commission (FCC) to launch an estimated total of 12,000 Starlink satellites. Major players such as Amazon (US), OneWeb (US), and Telesat (Canada) are also expected to launch satellites during the forecast period.

Some of the major players in the SATCOM equipment market for space include Airbus SE (Netherlands), Maxar Technologies (US), Mitsubishi Electric Corporation (Japan), General Dynamics Corporation (US), Honeywell International Inc. (US), Harris Corporation (US), ISIS - Innovative Solutions in Space B.V. (Netherlands), and Oxford Space Systems (UK).

Please Explore Relevant Reports:

CubeSat Market by Application (Earth Observation & Traffic Monitoring, Communication, Science & Technology and Education), End User (Government & Military, Commercial, Non-profit Organizations), Size, Subsystem, and Region - Global Forecast to 2023 

Satellite Communication (SATCOM) Equipment Market by Product (Receiver, Transmitter/Transponder, Transceiver, Antenna, Modem/Router), Technology (VSAT, SATCOM on the Move, SATCOM on the Pause), End-Use, Vertical, and Region - Global Forecast to 2022

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.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets's flagship competitive intelligence and market research platform, "Knowledge Store" 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. Shelly Singh
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: +1-888-600-6441
Email: sales@marketsandmarkets.com
Research Insight: https://www.marketsandmarkets.com/ResearchInsight/space-satcom-equipment-market.asp 
Visit Our Website: https://www.marketsandmarkets.com 
Content Source : https://www.marketsandmarkets.com/PressReleases/space-satcom-equipment.asp 

Logo: https://mma.prnewswire.com/media/660509/MarketsandMarkets_Logo.jpg