Satellite Communication (Satcom) Market to Spread at an impressive 13.8% CAGR between 2021 and 2030.

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Satellite Communication (Satcom) Market to Spread at an impressive 13.8% CAGR between 2021 and 2030.

Satellite Communication (Satcom) Market to surpass USD 84 billion by 2031 from USD 21.43 billion in 2021 at a CAGR of 13.8% in the coming years, i.e., 2021-31.The increased use of electronically guided phased antennas for platforms such as commercial vehicles, military vehicles, trains, and boats has resulted from increased demand for communication on-the-move (OTM) solutions (ESPA).

“SATCOM refers to the method of sending data from one location to another via a satellite orbiting the Earth. Telecommunication is the most prevalent application for satellites. SATCOM is used for mobile applications such as communication with ships, aircraft, vehicles, hand-held terminals, and transmission of TV and radio. Satellite communication is the transmission of signals via a satellite in the form of a beam of modulated waves between the transmitter and reception antenna. ”

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  • Market size & share analysis
  • Top market players with sales, revenue, and business strategies analysis
  • Market growth drivers and restraints
  • Market opportunities & challenges
  • Research methodology

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Key Players in the Market

SES S.A., Viasat, Inc., Intelsat, Telesat, EchoStar Corporation, L3 Technologies, Inc., Thuraya Telecommunications Company, SKY Perfect JSAT Group, GILAT SATELLITE NETWORKS, Cobham Limited

Market Dynamics

Drivers

  • The increased use of electronically guided phased antennas
  • Penetration of small and portable SATCOM

Restraint

  • High initial and maintenance cost

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 Satellite Communication (Satcom) Market- Geographical Analysis

  • North America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – the United States and Canada
  • Latin America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – Mexico, Argentina, Brazil, and Rest of Latin America
  • Europe Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United Kingdom, France, Germany, Italy, Spain, Belgium, Hungary, Luxembourg, Netherlands, Poland, NORDIC, Russia, Turkey and Rest of Europe
  • APAC Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – India, China, South Korea, Japan, Malaysia, Indonesia, New Zealand, Australia, and Rest of APAC
  • MENA Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – North Africa, Israel, GCC, South Africa, and Rest of MENA

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