Global Satellite Communication (SATCOM) Equipment Market to Reach US$46.1 Billion by 2030
The global market for Satellite Communication (SATCOM) Equipment estimated at US$25.7 Billion in the year 2024, is expected to reach US$46.1 Billion by 2030, growing at a CAGR of 10.3% over the analysis period 2024-2030. SOTM / COTM, one of the segments analyzed in the report, is expected to record a 11.3% CAGR and reach US$35.6 Billion by the end of the analysis period. Growth in the SOTP segment is estimated at 7.3% CAGR over the analysis period.
The U.S. Market is Estimated at US$9.5 Billion While China is Forecast to Grow at 11.6% CAGR
The Satellite Communication (SATCOM) Equipment market in the U.S. is estimated at US$9.5 Billion in the year 2024. China, the world`s second largest economy, is forecast to reach a projected market size of US$4.0 Billion by the year 2030 trailing a CAGR of 11.6% over the analysis period 2024-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 8.9% and 10.2% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 9.7% CAGR.
Global Satellite Communication (SATCOM) Equipment Market - Key Trends & Drivers Summarized
Satellite communication (SATCOM) equipment forms the backbone of global telecommunications, enabling data transmission across vast distances where terrestrial infrastructure is impractical or non-existent. This equipment includes a variety of devices such as satellite transponders, modems, antennas, and ground stations, all of which work together to facilitate seamless communication. SATCOM systems are critical for various applications, including television broadcasting, internet access, military communications, and disaster recovery. These systems operate in different frequency bands, such as C-band, Ku-band, and Ka-band, each suited to specific applications and environments. The integration of SATCOM equipment into global networks ensures that remote and underserved areas have access to vital communication services, thereby bridging the digital divide and supporting global connectivity.
Technological advancements have significantly enhanced the capabilities and efficiency of SATCOM equipment. Innovations in satellite technology, such as the development of high-throughput satellites (HTS) and low Earth orbit (LEO) constellations, have revolutionized data transmission by offering higher bandwidth, lower latency, and increased coverage. Modern SATCOM equipment incorporates advanced signal processing techniques, adaptive coding, and modulation schemes, which improve the reliability and efficiency of data links. Furthermore, the miniaturization of electronic components and the use of lightweight materials have reduced the size and weight of SATCOM terminals, making them more portable and easier to deploy in various environments. These advancements have expanded the applications of SATCOM equipment, making it indispensable for modern communication networks, including emerging technologies like the Internet of Things (IoT) and autonomous systems.
The growth in the SATCOM equipment market is driven by several factors, including the increasing demand for high-speed internet connectivity, the expansion of satellite-based services, and advancements in satellite and communication technologies. The proliferation of connected devices and the need for reliable communication networks in remote and rural areas have spurred the demand for SATCOM solutions. The deployment of next-generation satellite constellations, such as those in LEO, has further enhanced the capacity and performance of SATCOM networks, driving the need for advanced ground equipment. Additionally, the rising use of SATCOM in military and defense applications, as well as in disaster response and emergency communications, has bolstered market growth. Regulatory initiatives promoting the expansion of broadband services and the growing investment in satellite infrastructure are also key factors contributing to the robust growth of the SATCOM equipment market, highlighting its critical role in global communications and technological advancement.
SCOPE OF STUDY:TARIFF IMPACT FACTOR
Our new release incorporates impact of tariffs on geographical markets as we predict a shift in competitiveness of companies based on HQ country, manufacturing base, exports and imports (finished goods and OEM). This intricate and multifaceted market reality will impact competitors by artificially increasing the COGS, reducing profitability, reconfiguring supply chains, amongst other micro and macro market dynamics.
We are diligently following expert opinions of leading Chief Economists (14,949), Think Tanks (62), Trade & Industry bodies (171) worldwide, as they assess impact and address new market realities for their ecosystems. Experts and economists from every major country are tracked for their opinions on tariffs and how they will impact their countries.
We expect this chaos to play out over the next 2-3 months and a new world order is established with more clarity. We are tracking these developments on a real time basis.
As we release this report, U.S. Trade Representatives are pushing their counterparts in 183 countries for an early closure to bilateral tariff negotiations. Most of the major trading partners also have initiated trade agreements with other key trading nations, outside of those in the works with the United States. We are tracking such secondary fallouts as supply chains shift.
To our valued clients, we say, we have your back. We will present a simplified market reassessment by incorporating these changes!
APRIL 2025: NEGOTIATION PHASE
Our April release addresses the impact of tariffs on the overall global market and presents market adjustments by geography. Our trajectories are based on historic data and evolving market impacting factors.
JULY 2025 FINAL TARIFF RESET
Complimentary Update: Our clients will also receive a complimentary update in July after a final reset is announced between nations. The final updated version incorporates clearly defined Tariff Impact Analyses.
Reciprocal and Bilateral Trade & Tariff Impact Analyses:
USA
CHINA
MEXICO
CANADA
EU
JAPAN
INDIA
176 OTHER COUNTRIES.
Leading Economists - Our knowledge base tracks 14,949 economists including a select group of most influential Chief Economists of nations, think tanks, trade and industry bodies, big enterprises, and domain experts who are sharing views on the fallout of this unprecedented paradigm shift in the global econometric landscape. Most of our 16,491+ reports have incorporated this two-stage release schedule based on milestones.
Please note: Reports are sold as single-site single-user licenses. Electronic versions require 24-48 hours as each copy is customized to the client with digital controls and custom watermarks. The Publisher uses digital controls protecting against copying and printing is restricted to one full copy to be used at the same location.Learn how to effectively navigate the market research process to help guide your organization on the journey to success.
Download eBook