— Commercial and Military Satellite Communications (SatCom) Market 2020
Satellite communications play a vital role in the global telecommunications system. Approximately 2,000 artificial satellites orbiting Earth relay analog and digital signals carrying voice, video, and data to and from one or many locations worldwide. Satellite communication has two main components: the ground segment, which consists of fixed or mobile transmission, reception, and ancillary equipment, and the space segment, which primarily is the satellite itself.
Both the commercial and military satellite communication industry is evolving, as evidenced by numerous trends that one can expect to see on the horizon over the coming 18 months and beyond. The increase in small satellites, the use of low-Earth orbit (LEO), launches on reusable rocket launch vehicles and new use cases for 5G and the Internet of Things (IoT) are some of the most important developments to watch.
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Major Key Players
Airbus Defence & Space
Israel Aerospace Industries (IAI)
Northrop Grumman Corp.
A global market is a large sector with several regions competing against each other for a huge chunk of the market share. In a market that has been existing for several years and having several prominent players, new entrants entering the market must first understand whether they can survive there. An extensive study was conducted to understand the global Commercial and Military Satellite Communications (SatCom) market and where each key player stands. Several factors were taken into consideration before the study. The key players, investment, and their revenue share over the years were also considered for the study. More focus was given to product positioning, product sales, product revenue and product category to effectively understand the Commercial and Military Satellite Communications (SatCom) market.
The effectiveness of the marketing strategies adopted by key players were also considered for the study. The marketing strategies were considered to understand whether the changing market, fluctuation in demand and supply, introduction of technology and other factors had any effect on the marketing strategies. The study revealed that the global Commercial and Military Satellite Communications (SatCom) market has seen a lot of fluctuations between 2020 and 2026 owing to several factors. The forecast for the Commercial and Military Satellite Communications (SatCom) market shows a steady growth for the years to come.
The global Commercial and Military Satellite Communications (SatCom) market was segmented into key players in the market, product type, materials used, end users, product application, and geography for the purpose of the study. The key players were further segmented into global, regional and country-level players, their revenue, and market share. It was important to segment the Commercial and Military Satellite Communications (SatCom) market based on their market share to understand the fluctuations that are affecting individual companies. It was found that there were several external factors that influenced a company’s market share globally, and regionally.
On the basis of region, the global Commercial and Military Satellite Communications (SatCom) market was segmented into North America, Europe, Asia Pacific, Latin America, Middle East and Africa. The Americas was once the market leader with a major share of the market. Owing to high demand for the products and services of Commercial and Military Satellite Communications (SatCom) market, the global Commercial and Military Satellite Communications (SatCom) market is presently dominated by UK, and France in Europe. Europe had the largest part of the market share followed by China, India, Japan and the rest of Asia Pacific. The study showed that the drastic change in the increased market share of Europe and Asia Pacific is due to the increased investment in technology and infrastructure.
Drivers and Risks
The increased cost of materials, lack of standardization, limitation of product size, limited process control, and government policies may hinder the growth of global Commercial and Military Satellite Communications (SatCom) market in the years to come. Thought competitive market offers a lot of scope for growth, increased cost of production is a factor that is driving away new entrants and investment. But as several key players are willing to invest in technology, the chances of loss are reduced drastically.
For the purpose of the study, we used the BCG matrix to understand the market growth-share. The BC matrix helped to understand the growth opportunities for Commercial and Military Satellite Communications (SatCom) Market for the years to come. It also helped formulate strategic planning for the forecast period and showed where investment must be made. The study revealed that even with increase in production cost, there is a potential for growth in the market share even for new entrants who embrace technology.
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Table of Contents – Major Key Points
2 Executive Summary
3 Current and Near Future Technologies
4 Satellite Services/Technologies
5 Satellite Communication Market Forecasts by Technology
6 Satellite Communication Market Forecasts by Region
7 Business Opportunities
8 Leading Companies In The Commercial & Military Satellite Communication Market
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