Global Satellite Cables and Assemblies Market Analysis 2022
The Global Satellite Cables and Assemblies Market is expected to reach $834.87 million by 2028 growing at a CAGR of 22.1% from 2021 to 2028. The satellite cables and assemblies systems hold a huge potential for small sat service providers, satellite data service providers, remote sensing service providers, investors, and technical service providers. The satellite cables and assemblies are essentially balanced and provide better mechanical reliability than the conventional cables for supplying power, transmitting signals, or sending earth images.
Factors such as reduction in the costs for high-quality flight and ground data transfer, high defense budget of emerging countries, and rising government investment in space agencies are driving the growth of the market. However, high cost of maintenance and lack of skilled workforce are restraining the growth of the market.
Based on component, the cables segment is going to have a lucrative growth during the forecast period which can be attributed to the rising incorporation of multiple layers of wires, insulation, and fillers, which limits heat dissipation. The satellite cables are used in satellites that are increasingly being adopted in miniaturization, deep space exploration, and modern communication technologies. The introduction of wireless satellite internet and development of miniature hardware systems are exploiting numerous opportunities in the field of satellite-enabled communication. For cables to reliably maintain signal integrity, they need to be flexible, and they need to be tough. Interconnects offer the best combination of solid mechanical durability and excellent signal integrity for spacecraft component connections.
The key vendors mentioned are Airborn Connectors, Inc, Amphenol Corporation, Arrow Electronics, Inc, Axon' Cable Sas, Carlisle Interconnect Technologies, Cicoil Flat Cables, Cinch Connectivity Solutions, Consolidated Electronic Wire & Cable Corp, Eaton Corporation, Flexco Microwave Inc, Glenair, Inc, Harbour Industries, Huber+Suhner, Nexans Sa, Prysmian Group, Radiall, Rosenberger Group, Smiths Group plc, TE Connectivity, and W.L. Gore & Associates, Inc.
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