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
Highest Revenue Impact On Satellite Communication (SATCOM) Market During Forecast Period Equipment
- May 28, 2018-