Satellite communication is the transmission of signal between the sender and the receiver antenna by using satellites. It has a significant role in the telecommunication systems. It uses artificial satellites to provide communication links between various points on earth. It consists of two components which are a ground base that includes transmission devices, receivers and others and the space segment which has the satellite itself. Thus, they find their applications in television signals, cellular, GPS, and marine communication in end uses such as energy, automotive, transportation, government, maritime, logistics, agriculture, healthcare, retail, and mining. The global satellite communication systemMarket sizeis experiencing a significant growth, and will grow considerably in next few years.

The global satellite communication system market is segmented on the basis of Satellite Orbit, Component, Application and End User. Based on Satellite Orbit, the satellite communication system market is divided into Low Earth Orbit (LEO), Medium Earth Orbit (MEO), and Geostationary Orbit (GEO), and others. On the basis of Component, the market is categorized into Equipment {SATCOM Transmitter/Transponder, SATCOM Antenna, SATCOM Transceiver, SATCOM Receiver, SATCOM Modem/Router, and Others} and Services, and others. On the basis ofApplication into Broadcasting, Voice Communication, Data Communication, Metrological-Satellite Service, Remote Sensing Services, Radio navigation-Satellite Service, and Others. On the basis of End User into Automotive, Transportation & Logistics, Government & Defense, Maritime, Agriculture, Healthcare, and Others Geographically, the market is analyzed across several regions such as North America, Europe, Asia-Pacific, and Latin America, Middle East & Africa (LAMEA).

Key players operating in the global market include SatCom Global Ltd, Newtec CY N.V., Eric Communications, Boeing Nu-Cast, Communications & Power Industries LLC, Orbital Tracking Corp, Campbell Scientific Inc, Comtech PST Corp, Holkirk Communications Ltd, Ground Control Ltd, ARA Antenna Research and others. These companies have adopted several strategies such as product launches, partnerships, collaborations, mergers & acquisitions, and joint ventures to strengthen their foothold in the global market.

COVID-19 scenario Analysis:

Global satellite communication system market has been significantly impacted by the COVID-19 outbreak. New projects throughout the world have stalled, which, in turn, have led to decline in demand for analog semiconductors.

Global factories have struggled to integrate new satellite communication systems as workers have stayed in their homes, which disrupted the global supply chains.

The impact of COVID-19 on this market is temporary as just the production and supply chain is stalled. Once the situation improves, production, supply chains, and demand for satellite communication systems are gradually going to increase. 

This COVID-19 lockdown would help companies think about more advanced satellite communication systems to enhance efficiency

Top impacting factors: Market Scenario Analysis, Trends, Drivers, and Impact Analysis

The main driver for the satellite communication system marketgrowth are the increasing demand for high channel capacity along with low error rates for effective communication in applications such as maritime, cellular and others. However, higher maintenance cost of satellite communication devices and the lack of infrastructure to support various devices may hinder the market growth. Moreover, low cost satellite communication devices, combination of satellite and mobile technology and increase in the number of cloud based service providers are expected to drive the satellite communication system marketfurther.

New product launches to flourish the satellite communication system market

Es’hail 2, a communication satellite was launched by Mitsubishi Electric in the year 2018. It was launched through Cape Canaveral using Falcon 9 as launch vehicle for offering direct broadcasting services throughout the Middle East and North Africa while catering to television stations such as beIN Sports and Al Jazeera. It has a design life of more than 15 years and will have the responsibility of being a prime contractor. The Ku-band and Ka-band of this satellite has capabilities to provide government services as well as it is positioned in the orbit at 26⁰ East longitude. It is also the world’s first geostationary amateur radio service.

Surge in usage in TV applications

Television is and will remain the most important means of medium for marketing and distributing information across the globe. Present technologically advanced satellites have severaladvantages such as lower operating cost, flexibility and others when it comes to video distribution. Broadcast networks across the world use these satellites to distribute programming to their affiliates across regions who then redistribute the content. In addition, the satellite communications systems are being used to transport live video content such as news coverage, sports and others. Thus, as there is surge in the usage of TV’s across the world and the requirement of broadcast network, there is a surge in the usage of satellite communications systems.

Key segments covered:

Key benefits of the report:

• This study presents the analytical depiction of the global satellite communication systemindustry along with the current trends and future estimations to determine the imminent investment pockets.
• The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the global satellite communication systemmarket share.
• The current market is quantitatively analyzed from 2020 to 2027 to highlight the global satellite communicationsystemmarket trendscenario.
• Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
• The report provides a detailed global satellite communication systemmarket analysis based on competitive intensity and how the competition will take shape in coming years.

Market scope and structure analysis:

Questions answered in the satellite communications systemsmarket research report:

• Which are the leading market players active in the satellite communication systemmarket?
• What would be the detailed impact of COVID-19 on the market?
• What current trends would influence the market in the next few years?
• What are the driving factors, restraints, and opportunities in the satellite communication systemmarket forecast?
• What are the projections for the future that would help in taking further strategic steps?