SATCOM Transceivers Market Analysis

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: