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3. Satellite Communication (SATCOM) Equipment Companies - EchoStar Corporation (US), L3Harris Technologies (US) are the Key Players

The SATCOM Equipment Market is valued at USD 22.6 Billion in 2023 and is projected to reach USD 38.7 Billion by 2028, at a CAGR of 11.3% from 2023 to 2028. The increased demand for carrying out surveillance activities using UAVs (unmanned aerial vehicles) and UGVs (unmanned ground vehicles) along conflict areas, and prone borders, rising expenditure of emerging economies, increasing development of communication equipment and technology in various fields like healthcare, agriculture, education, research, and development, etc. have led to the growth of the SATCOM equipment market across the globe.

Major Satellite Communication (SATCOM) Equipment Companies Include:

• Thales Group (France)
• L3Harris Technologies (US)
• Honeywell International Inc. (US)
• EchoStar Corporation (US)
• General Dynamics Corporation (US)

They have significantly emphasized developing new hardware to meet the evolving needs of SATCOM equipment customers worldwide. To reinforce their positions in the market, these players have implemented diverse growth strategies such as introducing new products, securing contracts, forming partnerships, engaging in mergers and acquisitions, and undertaking activities related to developing innovative solutions. These strategic endeavors have further facilitated the expansion of their presence in the SATCOM equipment market.

To know about the assumptions considered for the study download the pdf brochure

EchoStar Corporation

EchoStar Corporation is a global provider of satellite communication solutions and technology. The company operates through three segments: Hughes, EchoStar Satellite Services, Corporate, and others. Hughes is a leading provider of satellite broadband, managed network, and other communication services for consumers and businesses. EchoStar Satellite Services offers satellite operations and video distribution services to broadcasters, pay-tv providers, and enterprise customers. The company's extensive network of satellites and ground systems, coupled with its expertise in satellite technology, allows it to provide reliable, secure, and high-speed connectivity to customers worldwide. EchoStar Corporation operates in North America, Europe, Asia, and Latin America.

L3Harris Technologies, Inc.

L3Harris Technologies, Inc. (L3Harris) is an American technology company, defense contractor, and information technology services provider. It offers C6ISR systems, wireless equipment, tactical radios, avionics, electronic systems, night vision equipment, and terrestrial and spaceborne antennas for the government, defense, and commercial sectors. The company had 47,000 employees in 2021. It is a public limited company listed on the New York Stock Exchange under the HRS ticker.  L3Harris was formed from the merger of L3 Technologies (formerly L-3 Communications) and Harris Corporation in 2019 and is estimated to be the sixth-largest defense contractor in the world. The company operates through four business segments: Integrated Mission Systems, Space and Airborne Systems, Communication Systems, and Aviation Systems. The Space and Airborne Systems segment provides Earth observation antennas, weather antennas, geospatial, space protection, and intelligence solutions for advanced sensors, payloads, ground processing systems, and information analytics. It provides data links and antennas supporting fixed-wing and rotary platforms under the mission avionics business sector. It also provides antennas under the Aviation Systems segment. L3Harris Technologies serves customers in more than 125 countries worldwide.

Thales Group

Thales Group is a key player in the aerospace & defense industry. The company develops and delivers a range of airborne, naval, and land systems for commercial aviation, defense, and homeland security industries. Thales Group operates through the Aerospace, Transport, Defense and Security, and Digital Identity and Security segments. The company manufactures airborne compact SATCOM, male UAV SATCOM Terminal, airborne high-capacity SATCOM, and ultra-SATCOM systems for commercial and defense applications.  Major competitors of Thales Group are ASELSAN A.S, Collins Aerospace, General Dynamics Corporation, and Cobham plc. Thales Group is a key player in the airborne SATCOM market. The company operates in France, Germany, the Netherlands, and the UK. The company’s profitability in 2018 grew by 10.6% across all operating segments, which shows the company’s dominance in Europe. The company offers a complete suite of critical decision-making processes, which enable clients to gather data through sensors such as radars, optronics, and network surveillance systems. This data is then transmitted and stored through airborne satellite communications, digital security solutions, and secure data centers, and finally, the data is processed.

Raytheon Technologies Corporation

Raytheon Technologies Corporation is an aerospace & defense technology company that provides advanced systems and services for commercial, military, and government customers worldwide. With over 182,000 employees, it is the largest equipment manufacturer for the aerospace & defense sector. The company was formed with the merger of Raytheon Company and United Technologies Corporation. Raytheon Technologies is divided into four business segments: Collins Aerospace, Pratt & Whitney, Raytheon Intelligence & Space, and Raytheon Missiles & Defense. Collins Aerospace provides aviation and defense systems and services to commercial airlines, business jets, and military customers. Collins Aerospace is a key player in the airborne SATCOM market. The company caters to countries such as the US, Europe, and Asia Pacific. Collins Aerospace offers an innovative range of technologies to commercial, defense, and security markets. The company’s core strength lies in its communication and connectivity segment, which offers SATCOM equipment for land, sea, and airborne applications.  Pratt & Whitney is a leading manufacturer of aircraft engines and auxiliary power units.  Raytheon Intelligence & Space offers intelligence, surveillance, and reconnaissance solutions to defense, intelligence, and commercial markets. Raytheon Intelligence & Space’s family of advanced, extremely high-frequency terminals ensures that people get the information they need at the right time. Raytheon is the only provider of protected AEHF terminals in production for the Army, navy, and air force. With more than 500 systems in the field, its terminals currently support the legacy Milstar satellites and are ready to operate with the newest AEHF satellites. Raytheon Missiles & Defense provides missile defense systems, precision weapons, and advanced technologies for the defense and aerospace industries. Overall, Raytheon Technologies has a broad portfolio of products and services serving commercial and government customers in the aerospace and defense industry. The company is focused on developing innovative technologies and solutions to meet the evolving needs of its customers and maintain its competitive position in the market.

General Dynamics Corporation

General Dynamics Corporation is a leading provider of aircraft flight control systems, auxiliary ships, business jets, combat vehicles, communications systems, IT systems, ships munitions, nuclear-powered submarines, stealth ship tanks, vision systems, and watercraft weapon systems. General Dynamics is a trusted commercial Service Provider of fixed and mobile equipment and satellite services. It provides securable handsets to the US government and its allies. It also provides fixed satellite airtime and can assist in provisioning end-to-end satellite solutions. General Dynamics also package specialized communication kits to ensure customers can transmit and receive through various geographies and weather systems. General Dynamics SATCOM On-the-Move antennas provide secure, beyond-line-of-sight communications for the US Army and coalition troops operating in remote locations. Designed for rugged tactical environments, these antennas can be mounted on fast-moving vehicles, high-speed boats, aircraft, and UUVs. These antennas provide reliable X, Ku, or Ka Mil and commercial band satellite communications. General Dynamics operates through 4 business groups: Aerospace, Marine Systems, Combat Systems, and Technologies. General Dynamics has an outstanding global presence as well.

Related Reports:

Satellite Communication (SATCOM) Equipment Market by Solution (Products and Services), Platform (Portable, Land Mobile, Land Fixed, Maritime), Technology (SOTM/COTM, SOTP), Vertical, Connectivity, Frequency and Region - Forecast to 2028

Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
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