According to the new research report on "Satellite Communication Terminal Market Forecast to 2028 – COVID-19 Impact and Global Analysis," published by The Insight Partners, the market is expected to reach US$ 6,030.7 million by 2028 and register a CAGR of 7.3% from 2023 to 2028.

There is an increase in the requirement for satellite communication terminals from the defense sector in various countries worldwide. One of the main reasons for the growing demand is the rising military spending of numerous nations, propelling the growth of the satellite communication terminal market. Singapore’s defense budget for 2023 is US$ 13.41 billion, an increase of 5.6% compared to 2022, which was US$ 12.56 billion. Germany’s defense spending in 2023 amounts to US$ 55.40 billion (EUR 50.1 billion), which is a decline of 0.6% compared to 2022 but an increase of US$ 3.19 billion (EUR 2.76 billion) compared to 2021. The demand for phased array antenna systems is increasing in high-speed data communication in aircraft and respective maritime and airborne applications, which is further fueling the growth of satellite communication terminal market. In January 2021, the Thales Group received an order of AN/PRC-148D improved multiband inter/intra team radios from the US Army. The count of Multiband Inter/Intra Team Radio (MBITR) radio orders is expected to be more than 6,000.

Due to the attacks of 26/11 in India, the requirement for enhanced maritime satellite communication solutions has increased in the country. In September 2019, a SATCOM company Nelco Ltd.—a subsidiary of Tata Group—became the first Indian company that received a license from the Indian government to offer maritime SATCOM services in the nation’s territorial waters. Considering increased offshore activity, investments, and trade in the maritime sector, Japan and India are anticipated to be major contributors to the growth of the satellite communication terminal market. In December 2021, Florida-based Tampa Microwave received a US$ 62.1 million contract from the US Special Operations Command to provide Satellite Deployable Node-Lite (SDN-L) terminals, spares, and ancillary equipment. The SDN-Lite can operate in Ku-, Ka-, and X- frequency bands in support of other SDN family variants, which consist of the SOF Deployable Node-Heavy and SND-Medium terminals. Similarly, in January 2022, Get SAT announced that along with R4 Integration, the US Government agency had awarded them a multi-million-dollar contract to provide satellite communication for C-130 airplanes. Under this contract, the agency selected Get SAT’s Milli SAT EX Ka-band terminal, which is a compact all-in-one communications-on-the-move (COTM) Ka-band solution. This satellite terminal is designed to meet mission-critical requirements of C-130 airborne applications without requiring any modifications to the aircraft. The terminal offers optimized voice, video, and data transmission and provides high bandwidth data throughput exceeding 30 Mbps with HTS satellites. Thus, the rising demand for defense satellite communication solutions drives the growth of the satellite communication terminal market.

North America is the most technologically advanced region, owing to high gross domestic product (GDP), positive outlook toward adoption of advanced technologies, high GDP per capita, favorable economic policies, high standard of living, and presence of a robust technology ecosystem. North America has a high emphasis on the defense sector as the governments spend significant amounts on the military, navy, and air force. Various domains such as telecommunication, media & entertainment, transportation & logistics, business & enterprise, scientific research & development, aviation, aerospace, defense, and retail & consumer drive the satellite communication terminal market in the region. As a part of the Commercial Broadband Satellite Program (CBSP), in August 2021, the US Navy awarded a contract for 16 satellite communication terminals to L3Harris Technologies, Inc. This contract is said to be worth US$ 18 million and is expected to provide access to commercial broadband communications during maritime operations. CBSP ULV offers terminal-to-space, terminal-to-shore, and terrestrial connectivity in order to increase the throughput of commercial satellite communication. The CBSP program also consists of two US Navy contracts for distinct types of terminals, one for Unit-Level Variants (ULV) and another for Force-Level Variants (FLV). Similarly, in February 2023, the Inmarsat government announced that it had selected Cobham Satcom to supply SAILOR XTR user terminals to provide fast, reliable, and secure commercial satcom for the U.S. Navy Military Sealift Command’s (MSC) Next Generation Wideband service. Under this US$ 578 million contract, Cobham Satcom will replace all existing Ku-band user terminals on MSC vessels with the rapid deployment of 1-meter SAILOR 1000 XTR and 0.6-meter SAILOR 600 XTR Ka-band VSAT terminals. Thus, the rising demand for satellite communication in the region will further fuel the satellite communication terminal market growth.

The satellite communication terminal market size is segmented into classification, application, and satellite type. Based on classification, the satellite communication terminal market is segmented into C band, X band, S band, Ku band, and Ka band. Based on application, the satellite communication terminal market is categorized into military use and civil use. Based on satellite type, the satellite communication terminal market is segmented into GEO, MEO, and LEO.

Key Findings of Study:

According to the satellite communication terminal market size, North America dominated the satellite communication terminal market in 2022. North America is known for having a high emphasis on the defense sector as the governments spend significant amounts on the military, navy, and air force. Various domains such as telecommunication, media & entertainment, transportation & logistics, business & enterprise, scientific research & development, aviation, aerospace, defense, and retail & consumer drive the satellite communication terminal market in the region. As a part of the Commercial Broadband Satellite Program (CBSP), the U.S. Navy has awarded a contract for 16 satellite communication terminals to L3Harris Technologies, Inc. Thus, all the above factors are fueling the satellite communication terminal market growth in North America.

Contact Us
Contact Person: Sameer Joshi
Phone: +1-646-491-9876
Email Id: sales@premiummarketinsights.com