Satcom Equipment market Projected to Reach US$ 53.7 billion by 2026

Dublin, Ireland, November 2, 2021--The Satellite Communication (SATCOM) Equipment Market is projected to grow from US$ 22.0 billion in 2021 to US$ 53.7 billion by 2026, at a CAGR of 19.6%. SATCOM equipment is an integral part of the communication in commercial and defense industries according to new research from Research and Markets.

The deployment of low earth orbit (LEO) satellites and constellations of satellites for communications applications has increased their demand across the globe.

Based on platform, airborne SATCOM segment is estimated to account for the fastest growth of the SATCOM equipment market from 2021 to 2026.

Based on platform, airborne SATCOM segment is estimated to lead the SATCOM equipment market from 2021 to 2026 and is projected to grow further due to the increasing need for high-definition intelligence, surveillance, and reconnaissance (ISR) videos, and an increasing number of connected commercial aircraft, rising adoption of UAVs and rising number of private aviation companies worldwide supporting market growth.

For more information go to: Satellite Communication (SATCOM) Equipment Market - Forecast to 2026