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Global Airborne SATCOM Market to Grow at a CAGR of 9.8% During 2022-2027, Aided by the Rapid Technological Advancements

According to a new report by EMR titled, ‘Global Airborne SATCOM Market Report and Forecast 2022-2027’, the market attained a value of around USD 5.0 billion in 2021. The industry is further expected to grow at a CAGR of 9.8% in the forecast period of 2022-2027 to reach a value of nearly USD 9.1 billion by 2027.

The global airborne SATCOM industry is being driven by the rising demand for airborne SATCOM systems across the military and defence sector. This can be associated with the growing government expenditure in the expansion and development of the military and defence sector. This can be associated with the growing threats of terrorism and cross border tensions worldwide. Moreover, the heightened demand for air transportation services, with the increasing passenger traffic is also leading to the increased deployment of airborne SATCOM systems in the commercial sector. Additionally, the rapid technological advancements in the development of advanced airborne SATCOM solutions to improve the communication between deployed aerial vehicles and the ground staff are anticipated to aid the market growth in the coming years.

The rising demand for efficient satellite communication solutions is leading to increased collaborations among key market players for the manufacturing and development of innovative mobile communication mechanisms. For instance, in April 2021, Honeywell International Inc. (NASDAQ: HON) announced a partnership with Inmarsat, a leading vendor of mobile satellite communication solutions, to develop innovative commercial satellite communications (COMSATCOM) solutions, which would be delivered to the US government. These newly developed mechanisms will be deployed across fixed-wing and non-fixed wing aeronautical platforms. Such developments are expected to positively impact the growth of the airborne SATCOM industry in the forecast period.

Market Breakup by Component, Platform, Installation Type, Frequency, Application, and Region:

  • The market is divided, based on component, into SATCOM terminals, transceivers, airborne radio, modems and routers, and SATCOM radomes, among others. Among these, based on type, the SATCOM terminals segment can be further segregated into antennas, radio frequency units, networking data units (NDU), and antenna subsystems. Meanwhile, the transceivers segment can be further bifurcated into receivers and transmitters. 
  • On the basis of platform, the market can be distributed into commercial aircraft, military aircraft, business jets, helicopters, and unmanned aerial vehicles. Among these, based on type, the helicopters segment can be further bifurcated into commercial and military.
  • Based on installation type, the industry is segregated into new installation and upgradation.
  • The industry is segmented, on the basis of frequency, into UHF-Band, L-Band, S-Band, C-Band, X-Band, Ku-Band, and Ka-Band.
  • On the basis of application, the market can be categorised into government and defence, and commercial.
  • Region-wise, the global market for airborne SATCOM can be divided into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

Key Findings of the Report:

  • The global market for airborne SATCOM is being driven by the increased demand in the defence applications.
  • The rising government investments in the expansion of defence infrastructure have significantly contributed to the market expansion. 
  • The heightened demand for air transportation services, owing to the rising passenger population, is also aiding the industry growth. 
  • The rapid technological advancements are further propelling the market growth.

Key Offerings of the Report:

  • The EMR report gives an overview of the global market for airborne SATCOM for the periods (2017-2021) and (2022-2027). 
  • The report also offers historical (2017-2021) and forecast (2022-2027) market information for the components, platforms, installation types, frequencies, applications, and major regions of airborne SATCOM.
  • The report analyses the market dynamics, covering the key demand and price indicators in the market, along with providing an assessment of the SWOT and Porter’s Five Forces models.

The major players in the global airborne SATCOM market are Aselsan A.S., Collins Aerospace, Honeywell International Inc., General Dynamics Corporation, and Cobham Aerospace Communications, among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.

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*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.

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