Global Satellite Ground Station Equipment Market to Post 7.45% CAGR from 2018-2022

London, UK, August 13, 2018 — A new report by Research and Markets forecasts that the Global Satellite Ground Station Equipment Market will grow at a compounded annual growth rate (CAGR) of 7.45% during the period 2018-2022.

A satellite ground station is a terrestrial radio station designed for extra-planetary telecommunication with spacecraft or reception of radio waves from stellar radio sources. Ground station components include radio frequency (RF) equipment, intermediate frequency (IF) equipment, control and monitoring, and measurement and test equipment, and system enhancements.

The author of the report recognizes the following companies as the key players in the satellite ground station equipment market: GILAT SATELLITE NETWORKS, Hughes Network Systems, NovelSat, ViaSat, VT iDirect.

Commenting on the report, an analyst from the research team said: “One trend affecting this market is the growing preference for MEO and LEO over GEO satellites.” LEO and MEO satellites have several advantages. One of the major reasons for the growth of LEO and MEO satellites is the increasing interest in GPS. GPS has become an integral part of the satellite communications network and is being installed on ships and cars for navigational purposes.

According to the report, one driver influencing this market is the increasing need to enhance offshore communication. There is a growing need to deploy efficient communication networks for offshore crews and passengers, including fisherman, sailors, engineers at oil rigs, and tourists on cruise ships to communicate. Providing a cellular connection offshore is difficult as the installation of cell towers is challenging task. Therefore, the increasing need for offshore communication can be achieved using satellite communication.

Further, the report states that one challenge affecting this market is the high investment market. The presence of the incorrect bandwidth range creates lack quality of quality of services (QoS) in the delivery of communication services. Hence, high-frequency bands have to be acquired to serve the growing traffic requirements, which further increases initial investments in acquiring all the necessary equipment.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.

The report covers the present scenario and the growth prospects of the satellite ground station equipment. To calculate the market size, Research and Markets considered the revenue generated from the sales of satellite ground station equipment.

In the report, the market is divided into the following segments based on geography: Americas, APAC and EMEA.

Research and Markets said the report was prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market. Among the key vendors included are Gilat Satellite Networks, Hughes Network Systems, NovelSat, ViaSat and VT iDirect.

It also includes the Market drivers, Market challenges, and the Market trends, such as the market’s growing preference for MEO and LEO over GEO satellites.

For more information go to: https://www.researchandmarkets.com/publication/mfa3his/4564485