2021: Global Satellite Antenna Market Reaches $4.1 Billion
The global satellite antenna market reached $4.1 billion in 2021. Such data in mid-February 2022 led the company MarketsandMarkets.
Analysts say that by 2026, the global satellite antenna market will reach $10.5 billion with an average annual growth rate of 20.6%.
Satellite antenna equipment is an integral part of communication in the commercial and defense industries. The deployment of satellites in low Earth orbit and constellations of satellites for communications applications has increased the demand for them worldwide. Other factors driving the growth of the market include growing demand for Ku- and Ka-band satellites, as well as a growing fleet of autonomous and connected vehicles used for various applications in the military and commercial sectors that require individual satellite antennas.
Several players dominate the satellite antenna market, such as Thales Group (France), L3Harris Technologies (USA ), Honeywell International (USA), Hughes Network Systems (USA), Viasat (USA), etc.
According to experts MarketsandMarkets, depending on the platform, the onboard segment will lead the satellite antenna market from 2021 to 2026.
The market is projected to grow further due to the growing need for high-definition video for reconnaissance, surveillance and reconnaissance, as well as the increase in the number of connected commercial aircraft, the growing introduction of UAVs and the increase in the number of private aviation companies around the world supporting market growth.
From 2021 to 2026, the Satcom-On-The-Move (SOTM) segment is expected to lead the satellite antenna market. This is due to the growing need for continuous coverage of mobile broadband in remote and remote regions, information streaming, the extensive use of small satellites for commercialization and data transmission, technological advances in transport and logistics networks, as well as growing demand for broadband connections and VSAT connections.
North America is expected to lead the satellite antenna market from 2021 to 2026.[1]
Notes
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