Highest Revenue Impact On Satellite Communication (SATCOM) Market During Forecast Period Equipment

- May 28, 2018-

Factors such as increasing need for uninterrupted communication in various industries and growing fleet of autonomous and connected vehicles have garnered the interest of satellite manufacturers and related players in the satellite industry, subsequently driving the growth of the SATCOM equipment market.

By product, the SATCOM transceiver segment is estimated to hold the largest share of the SATCOM equipment market in 2017 and is also expected to be the largest segment throughout the forecast period. This segment’s expected high growth is due to the increasing use of satellites for navigational purposes as well as for surveillance by defense authorities worldwide.

There has been an increase in research and development activities for SATCOM equipment in the US as well as in emerging economies, such as India and China, over the past few years, which has, in turn, increased the demand for SATCOM transceivers worldwide.

SATCOM equipment is now a vital part of the global ecosystem and plays a major role in the daily lives of people across the world. SATCOM systems are used in a wide array of applications, such as telecommunications, weather monitoring, military, and navigation.

Some of the key players profiled in the SATCOM equipment market report include General Dynamics Corporation (US), Cobham Plc (UK), L3 Technologies (US), Viasat (US), and Harris Corporation (US). These players offer advanced technology systems, products, and services

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