Bharat Book Bureau Provides the Trending Market Research Report on “Global Satellite Ground Station Equipment Market Report and Forecast 2022-2027” under Services Market Research Report Category. The report offers a collection of superior Market research, Market analysis, competitive intelligence and Market reports.
Global Satellite Ground Station Equipment Market attained a value of USD 141.49 billion in 2021. The market for global satellite ground station equipment is projected to further grow at a CAGR of 4.1% between 2022 and 2027 to reach a value of USD 180.41 billion by 2027.
Satellite Ground Stations (SGS) are made for collecting and streaming remote sensing satellite data to a variety of users and applications. Satellite ground stations usually involve the main components such as reception antenna, feed horn, waveguide, and receiver. It is also likely to be protected by a ‘radome’; the sphere employed to cover the antenna. Satellite ground equipment consists of earth station components containing the block upconverters (BUC), antennas, low noise block (LNBs), multiplexers, and other uplink and downlink components. Satellite equipment is an integral part of communication in the defence and commercial industries.
The increasing demand for HTS (High Throughput Satellite) Systems for high-speed internet access coupled with a broad range of value-added services like video conferencing, VOIP, and others are driving the satellite ground station equipment market growth. The rising penetration of the internet along with voice-based services is further anticipated to fuel the market growth of satellite ground station equipment over the coming years. The surging utilisation of satellites for remote sensing applications along with rising investments in HTS communication is likely to boost the market growth.
Going further, HTC is likely to change the economy of satellite communications by offering high data rates and introducing a new generation of performance and affordability for end-users which is gaining more consumer traction in the market. The surge in the number of satellite launches coupled with the emergence of mobile ground stations is expected to positively influence the market growth over the upcoming years. Geographically, the North American region is anticipated to register significant growth in the satellite ground station equipment market share on account of the existence of various satellite services suppliers like EchoStar, SES, and Globecomm Systems Inc.
The growing popularity of mobile ground stations among the end-users due to the shortage of conventional ground stations because of its low upfront costs and its ability to offer easy access to the satellite signal is driving the market growth. In addition, the rising demand for Ku- and Ka-band satellites, coupled with the surging fleet of autonomous as well as connected vehicles employed for numerous applications in the commercial and military industry, which need customised Satcom-on-the-move antennas are driving the market growth across the globe.
The market can be divided on the basis of products, applications, and regions.
Market Breakup by Product
•Test and Monitoring Equipment
Market Segmentation by Application
Market Breakup by Region
•Middle East and Africa
Report looks into the market shares, plant turnarounds, capacities, investments, and acquisitions and mergers, among other major developments, of the global satellite ground station equipment market. Some of the major key players explored in the report are as follows:
•Gilat Satellite Networks Ltd.
•ST Engineering iDirect, Inc.
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