SATCOM Transceivers Market size was valued at USD 32.35 billion in 2024 and is likely to cross USD 105.26 billion by 2037, expanding at more than 9.5% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of SATCOM transceivers is estimated at USD 37.45 billion.
The major factor for the growth of the market is the rising number of satellites present in the world and the rising demand for satellite communication for several applications such as radio broadcasting, internet application & navigations, remote sensing, water monitoring, and weather monitoring applications which requires SATCOM transceivers for proper operation. For instance, it was revealed that in 2022, there were an estimated total of 6,900 active satellites orbiting the Earth, an increase of 2,100 active satellites on 2021's value.
SATCOM is also referred to as satellite communication which is an artificial geostationary satellite that enables long-range communications by receiving radio signals from the Earth, amplifying them, and sending them back to receivers at various locations across the world. Therefore, SATCOM transceivers are being highly utilized for television, telephone, radio, internet, and military applications which are anticipated to bring lucrative growth opportunities for market growth. Furthermore, the need for improved satellite communication and the development of small satellites is also estimated to create a positive outlook for market growth during the forecast period.
Growth Drivers
Challenges
|
Base Year |
2024 |
|
Forecast Year |
2025-2037 |
|
CAGR |
9.5% |
|
Base Year Market Size (2024) |
USD 32.35 billion |
|
Forecast Year Market Size (2037) |
USD 105.26 billion |
|
Regional Scope |
|
The global SATCOM transceivers market is segmented and analyzed for demand and supply by application into telecommunication, medical, industrial, scientific, electronics, and others. Out of these segments, the segment is estimated to gain the largest market share of about 38% in the year 2037. The major growth factor for segment expansion is the rising need for telecommunication for the transmission of information over wire, radio, optical, or other electromagnetic systems. Moreover, there has been a significant rise in the investments made in the telecommunication sector which is also anticipated to bring in favorable opportunities for segment growth during the forecast period. For instance, it has been calculated that the IT sector spending on telecommunication services was almost USD 1 trillion in 2021. It has also been revealed that global telecom services spending rose from almost USD 1,575 billion in 2018 to USD 1,600 billion in 2024.
The market is also segmented and analyzed for demand and supply by end-use into commercial, government, and military. Amongst these three segments, the government segment is expected to garner a significant share of around 46% in the year 2037. The major factor for segment growth during the forecast period is the recent surge in the utilization rate of satellite communication in government processes such as military and naval operations. Another factor that is anticipated to create favorable opportunities for segment growth is the rising investments by the government in space projects. For instance, it has been calculated that in 2022, global government expenditure for space programs amounted to almost USD 100 billion.
Our in-depth analysis of the global market includes the following segments:
|
By Component |
|
|
By Application |
|
|
By Frequency Band |
|
|
By Industry |
|
|
By End Use |
|
North American Market Forecast
North America industry is predicted to dominate majority revenue share of 35% by 2037, ascribing to the growing launch of satellites to provide 5G internet connectivity and strong presence of prominent market players in the region. Also, the rising government spending on military and government communication networks along with the presence of major key players. According to recent statistics, it has been stated that the United States government spending spent almost USD 60 billion on its space programs in 2022, making it the country with the highest space expenditure in the world.
APAC Market Statistics
Asia Pacific SATCOM transceivers market is estimated to be the second largest, registering a share of about 24% by the end of 2037. The market in Asia Pacific is estimated to witness noteworthy growth over the forecast period on the back of the increasing investments in space programs, mainly by the Indian government. In FY 2020, government expenditure on the space sector in India reached a value of more than USD 18 billion, up from USD 15 billion in FY 2019 and USD 10 billion in FY 2018, respectively. In addition, the rise in the launch of satellites for scientific research & development is also expected to fuel the market growth in the region in the coming years.
Europe Market Forecast
Further, the market in the European region, amongst the market in all the other regions, is projected to hold a majority of the share by the end of 2037. The growth of the market in the region is primarily attributed to the rising smart city and infrastructure modernization projects along with space exploration activities. Another factor for market growth is the escalation in the demand for advanced satellite communication services in the region.
In the News
Author Credits: Abhishek Verma
Copyright © 2024 Research Nester. All Rights Reserved
FREE Sample Copy includes market overview, growth trends, statistical charts & tables, forecast estimates, and much more.
Have questions before ordering this report?