The satellite communication industry is continuously evolving, and the demand for the next generation satellite communication has increased more than ever. Currently, traditional communication system, called point-to-point links ....see more
The aircraft communication system market is expected to grow from USD 8.2 billion in 2022 to USD 12.8 billion by 2027, at a compound annual growth rate (CAGR) of 9.2% during the forecast period.The Leading Players L3Harris Technologies (US), Thales Group (France), Collins Aerospace (US), Elbit Systems (Israel), and Honeywell International Inc. (US).
The Maritime Satellite Communication Market is expected to grow from USD 2.3 billion in 2020 to USD 3.2 billion by 2025, at a CAGR of 7.1% during the forecast period. The major EHS market vendors include Inmarsat (UK), Iridium Communications (US), Thuraya (UAEHughes Network Systems (US), KVH Industries (US), Viasat (US), Speedcast (Australia), ST Engineering (Singapore), NSSLGlobal (England), Marlink (France), ORBOCOMM (US), Navarino (Greece), Network Innovations (Canada), GTMaritime (England), AST Group (UK), Isotropic Networks (Wisconsin), Norsat International (Ontario), Satcom Global (Canada), Intelsat (US), and Orbit Communication Systems (Israel).
The global satellite transponder market is estimated to be USD 15.55 Billion in 2015, and is projected to reach USD 20.10 Billion by 2020 at a CAGR 5.3% from 2015 to 2020. Increase in demand for new TV platforms and technologies coupled with demand for consumer broadband and corporate enterprise networks, and growth in KU-band and Ka-band services are factors driving the growth of the global satellite transponder market.
Fixed Satellite Services (FSS) is a radio-communication service between ground stations at given position which may be fixed to a particular area that uses Very Small Aperture Terminal (VSAT) technology to provide high speed connections to its end users. With the increase in the utilization of transponder leasing agreement, seamless transmission of data from ground fixed location station to end-users' location has been possible. This has been a critical factor for pushing the global FSS market. It has helped the service providers to reduce the time to market for new services and also improve the customer experience on real-time basis.
Mobile Satellite Service (MSS) is a satellite-based communication system that offers the services commonly available in a terrestrial mobile network. These services provide voice and data communication services to several users globally. MarketsandMarkets expects the total Mobile Satellite Service market to grow from $3.45 billion in 2014 to $5.62 billion by 2019 at a Compound Annual Growth Rate (CAGR) of10.2% during the forecast period.