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-