SATCOM Equipment for Space Companies - Airbus SE (Netherlands) and Maxar Technologies (US) are the Key Players
The SATCOM equipment market for space is projected to grow from USD 2.8 billion in 2019 to USD 7.0 billion by 2025, at a CAGR of 16.8% from 2019 to 2025. Some of the applications expected to fuel the market growth include communications, earth observation & remote sensing, and scientific research & development. The demand for these applications is leading to the increasing launch of satellites.
Major SATCOM Equipment for Space Companies Include:
- Airbus SE (Netherlands)
- Maxar Technologies (US)
- Mitsubishi Electric Corporation (Japan)
- General Dynamics Corporation (US)
- Honeywell International Inc. (US)
- Harris Corporation (US)
- ISIS - Innovative Solutions in Space B.V. (Netherlands)
- Oxford Space Systems (UK)
These players have adopted various growth strategies, such as contracts, acquisitions, expansions, new product launches, partnerships & agreements, and R&D to further expand their presence in the market.
To know about the assumptions considered for the study download the pdf brochure
Airbus SE is the leader in the SATCOM equipment market for space. The company offers a variety of tailor-made solutions for telecommunication satellites. It designs and manufactures reliable and high-performance satellites. The company has delivered 104 GEO satellites till date, has 55 GEO satellites currently in operation, and caters to 7 of the world’s top satellite operators. Airbus offers flexible payloads which have reconfigurable uplink and downlink coverage. In July 2016, Airbus secured a contract from the European Space Agency’s Advanced Research in Telecommunications Systems segment for the supply of its advanced Gallium Nitride Solid State Power Amplifiers (GaN SSPA).
Maxar Technologies is ranked second in the SATCOM equipment market for space. Maxar Technologies has been exporting its satellite products for more than 40 years. The company operates its satellite business through its division, MDA, which is a key manufacturer of satellite antennas and communication subsystems. MDA has a global presence and caters to customers from various countries. The antennas offered by MDA cover a wide range of frequencies, including VHF, most of the MHz bands, and EHF up to 90 GHz. It caters to both commercial and military customers. In November 2018, MDA secured two contracts worth USD 11 million from OHB System AG and Tesat-Spacecom GmbH & Co. KG for the supply of multiple advanced communication subsystems.
Mitsubishi Electric Corporation secures the third position in the SATCOM equipment market for space. The company has been contributing to space technology since 1960. It has a broad product portfolio and strong business performance. The company is constantly pushing for excellence, with a goal of achieving an operating income ratio of 8%, return on equity of 10% or more, and the ratio of interest-bearing debt to total assets of 15% or less by 2021. The company constantly innovates and brings new technologies to the market, with five new products launched in 2018. In July 2017, Mitsubishi Electric Corporation completed the construction of a facility that is expected to double the satellite component production capacity of the company. The facility is said to undertake the production and testing for solar array panels, structural panels, and other satellite components.
Related Reports:
SATCOM Equipment Market for Space by Component (Transponders, Transceivers, Converters, Amplifiers, Antennas), Satellite Type (CubeSat, Small, Medium, Large), End User (Commercial, Government & Military), Application, Region - Global Forecast to 2025
Contact:
Mr. Shelly Singh
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
[email protected]
This FREE sample includes market data points, ranging from trend analyses to market estimates & forecasts. See for yourself.
SEND ME A FREE SAMPLE
