The satellite industry has been witnessing remarkable growth in the
past two decades. The growth of this industry, fueled by the access to
satellite technology by private players, subsequently drives the SATCOM
equipment market. Furthermore, shorter development cycle and lesser cost
of development have triggered the growth of satellite antennas, which
constitute a major part of the SATCOM equipment market.
The
telecom & IT segment of the commercial SATCOM equipment market is
estimated to capture the largest share during the forecast period.
Satellites can provide global, ubiquitous, and multipoint
communications. Not surprisingly, the satellite technology has become a
flexible and cost-effective solution for domestic and international
networks, irrespective of the user’s geographic location. Wireline and
wireless lack this ability to leap across continents and oceans, often
linking some of the world’s most remote spots. The benefits of satellite
communications have steadily expanded their usage.
Today,
satellites’ diverse purposes encompass wide area network communication,
cellular backhaul, Internet trunking, television broadcasting, and rural
telephony. Satellites are also on the frontiers of such advanced
applications as telemedicine, distance learning, Voice over Internet
Protocol (VoIP), and video on demand (VoD). All the above-stated factors
contribute toward the growth of the SATCOM equipment market.
Based
on end-use, the maritime SATCOM equipment segment is estimated to hold
the largest share of the SATCOM equipment market in 2017. As commercial
and naval vessels are at sea for long periods, they require robust
satellite communication systems to maintain contact with shore under any
weather and sea conditions. Maritime satellite communication systems
also deliver the best turnkey terminals for internet access and
television reception.
Increasing Need For High Throughput Satellite Services In Satellite Communication (SATCOM) Equipment Market
- May 08, 2018-