SATCOM Transceivers Market Size

SATCOM Transceivers Market size was over USD 29.54 Billion in 2023 and is anticipated to reach USD 94.97 Billion by the end of 2036, witnessing around 9.4% CAGR during the forecast period i.e., between 2024-2036. In the year 2024, the industry size of SATCOM transceivers is assessed at USD 32.04 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.