Europe Satellite Communication Terminal Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Classification (C Band, X Band, S Band, Ku Band, and Ka Band) and Application (Military Use and Civil Use)       

Europe Satellite Communication Terminal Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Classification (C Band, X Band, S Band, Ku Band, and Ka Band) and Application (Military Use and Civil Use)       

The Europe satellite communication terminal market is expected to grow from US$ 878.96 million in 2021 to US$ 1,413.76 million by 2028; it is estimated to grow at a CAGR of 7.0% from 2021 to 2028.

The requirement for satellite communication terminals is increasing in the defense sector in various European countries. One of the main reasons for the growing demand is the rising military spending of numerous nations. Germany’s military expenditure grew from US$ 49,007.51 million in 2019 to US$ 52,764.76 million in 2020. The demand for phased array antenna systems is increasing due to the need for high-speed data communication in aircraft and maritime and airborne applications. In January 2021, the Thales Group received an order of AN/PRC-148D improved multiband inter/intra team radios. The count of Multiband Inter/Intra Team Radio (MBITR) radio orders is expected to be more than ~6,000. Increased offshore activities, investments, and trade in the maritime sector across several countries are anticipated to be major contributors to the growth of the satellite communication terminal market. The rising demand for defense satellite communication solutions boosts the requirement for various satellite communication terminals, thereby driving the Europe satellite communication terminal market growth.

Due to the spread of COVID-19, air traffic decreased in European economies, which resulted in a decline in the revenues of the aeronautical & aviation sector. The European Space Agency (ESA), the Japan Aerospace Exploration Agency, and the National Aeronautics and Space Administration (NASA) have developed an online tool to understand the impact of the COVID-19 pandemic. This platform was utilized to identify the impact of COVID-19 on the air, agriculture, and water and investigate regarding effects of physical distancing measures and restriction norms on the environment and human activities. Restriction of a limited workforce, temporary manufacturing shutdown, limited availability of raw materials, and delays in scheduled deliveries have adversely affected the production process. Work at the new production center of Airbus in Spain and France was discontinued due to a surge in COVID-19 cases. However, with improving conditions, the work resumed partially with a limited workforce. Moreover, with the outbreak of new variants of SARS-Co V-2 in the UK and other major European countries, the satellite communication terminal market in these countries is expected to hamper the supply side.

With new features and technologies, vendors attract new customers and expand their footprints in emerging markets, which will drive the Europe satellite communication terminal market growth.

Europe Satellite Communication Terminal Market Revenue and Forecast to 2028 (US$ Million)

Europe Satellite Communication Terminal Market Segmentation

Europe Satellite Communication Terminal Market - By Classification

C Band X Band S Band Ku Band Ka Band Europe Satellite Communication Terminal Market - By Application

Military Use Civil Use Europe Satellite Communication Terminal Market, by Country

Germany France Italy The UK Russia The Rest of Europe Europe Satellite Communication Terminal Market - Companies Mentioned

Airbus AVL Technologies Collins Aerospace General Dynamics Mission Systems, Inc. Honeywell International Inc. L3Harris Technologies, Inc. NEC Corporation ST Engineering Thales Group Viasat, Inc.

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