According to a new research report published by The Insight Partners, “Satellite Communication Terminal Market Forecast to 2028 – Impact of Covid-19 and Global Analysis – Classification and Application” Is expected to reach millions; It is expected to grow at a CAGR of 6.5% from 2021 to 2028.
Increasing adoption of small and portable SATCOM terminals to provide growth opportunities in the Satellite Communications Terminal market from 2021 to 2028
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The companies mentioned are: Airbus, AVL Technologies, Collins Aerospace, General Dynamics Mission Systems, Inc., Honeywell International Inc., L3Harris Technologies, Inc., NEC Corporation, ST ENGINEERING, Thales Group, Viasat, Inc.
A portable satellite communication terminal, also known as an access point or satellite communicator, is one of the smallest two-way SATCOM devices. Such a satellite communicator uses an internal GPS chip to collect terminal location information. When SEND is selected, location information is transmitted via commercial satellite to a commercial monitoring organization. The role of the commercial surveillance agency is to send information to the relevant response agency. Typically, buyers of portable satellite communication devices engage in activities such as mountain biking, hiking, boating, rock climbing, and flying. Smaller SATCOM terminals are also suitable for people who have to work in remote areas, such as foresters, loggers, fishermen, geologists and wildlife workers.
Enhanced features such as breadcrumb tracking and pre-programmed messaging via Google Earth are also offered through the smaller, portable SATCOM terminal. Some of the recent devices that provide two-way satellite communication are the Spot X, Germain Enrich Mini, BV Stick Blue, and Jolio Satellite Communicator. Iridium launches its Global Maritime Disaster and Safety System (GMDSS) service in 2020. The new GMDSS terminals give access to a fleet of launched ships that are required by maritime law to maintain L-band protection services. Demand for portable and small-sized SATCOM terminals is expected to grow significantly in the coming years due to improved utilities.
Satellite Communication Terminal Market Overview
There is a growing need for uninterrupted connection
The need for uninterrupted connectivity is growing, especially in various fields around the world. Satellite communication terminals are used in a variety of applications such as weather forecasting, media and entertainment, aviation, television, internet, space and telecommunications. Various technological developments related to SATCOM terminals are contributing significantly to the growth of the market. The growing need for in-motion communication solutions for platforms such as military vehicles, utility vehicles, ships and trains drives the demand, especially for the respective satellite communication terminals. 5G telecommunication networks are growing in developing countries like India, Taiwan and Brazil. There is a growing need for accurate weather forecasts around the world to be aware of cyclones, tsunamis and tornadoes. With the launch of new airlines and increased investment in the aviation sector, the need for improved operational efficiency and air traffic control is expected to increase significantly in the near future. The International Air Transport Association (IATA) predicts that the number of air passengers is expected to reach 7.2 billion by 2035, almost double the number of 3.8 billion air passengers in 2016.
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Impact of the COVID-19 epidemic on the satellite communications terminal market
One of the most important regions in North America for the adoption and growth of new technologies, thanks to favorable government policies to stimulate innovation. The COVID-19 epidemic has affected certain industries, such as vacation, travel and tourism. Aviation, media and entertainment and telecommunications are significant sectors that are contributing mainly to the growth of the North American satellite communications terminal market. In April 2020, Nielsen, an American rating agency, estimated that viewing “in-house” content could increase significantly by 60%. Since many people have had to stay at home in the United States, Canada, and Mexico, the amount of online content and entertainment viewing has increased dramatically. COVID-19 epidemic suspends Austin-Bergstrom airport expansion project in US, Which has had a negative impact on the growth of the satellite communication terminal market. In addition, since unnecessary activity was prohibited, demand for small, portable SATCOM terminals from foresters, loggers, and geologists has declined dramatically. Constraints such as limited labor have affected the market towards supply. However, with the increase in vaccination campaigns, the production of satellite communication terminals is returning to normal.
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1.1 Study opportunities
1.2 Focus on Insight Partners Research Report
1.3 Market segmentation
- Key points to remember
- Research method
3.2 Secondary research
3.3 Preliminary research
- Satellite Communication Terminal Market Landscape
4.1 Market overview
4.2 Insect analysis
4.3 Ecosystem analysis
4.4 Expert opinion
- Satellite Communication Terminal Market – Key Market Dynamics
5.1 Market driver
Limitations of 5.2
5.3 Market Opportunity
5.4 Future trends
5.5 Driver and constraint effect analysis
- Satellite Communication Terminal Market – Global Market Analysis
6.1 Market overview
6.2 Global Satellite Communication Terminal Market Forecast and Analysis
6.3 Market position – Top five players
That will continue
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