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Global Satellite Antenna Industry Market Dynamics & Strategic Insights (2023 – 2031)
The Satellite Antenna Market is expected to grow strongly in the forecasted years. Growing demand from the Telecommunication & Network industries especially for space exploration need is projected to fuel the growth of the market in the forecasted period. Covid-19 has affected the industry to some extent and the market is expected to recover in coming one or two years.
Satellite Antenna has its application in Space, Land, Maritime, and Airborne. Growing demand from the Maritime industry as well the steady technological advancement through new product developments and its better utilization are key factors driving Satellite Antenna market. With the increasing adoption of small satellites, rising investments in space exploration projects, and the usage of satellite aided-warfare systems are driving the growth of the satellite antenna market across the globe.
The Satellite Antenna Market is expected to grow at a CAGR of 7.91% during the forecasted period of 2020-2028. Rising product popularity and rapid introduction of advanced Satellite Antenna in the automobile system is pushing the market growth.
The Satellite Antenna Market is witnessing a substantial growth across vendors especially in both the developed & developing nations. The Satellite Antenna Market is expected to reach USD 3.92 Billion by 2028 from USD 2.32 Billion in 2019, at a CAGR of 7.91% from 2020 to 2028.
The market is analyzed across four geographical regions, namely, North America (U.S., Canada), Europe (UK, Germany, France and rest of Europe), Asia-Pacific (China, Japan, India and Rest of Asia-Pacific), and RoW (Latin America, Middle East and Africa). North America region accounted for major shares of the global market. The early adoption of the commercial and military satellite and growing demand for the telecommunication, and presence of key players, are fueling the demand for Satellite Antenna in the region. High Maintenance Cost, fluctuating prices of the raw material, Government Regulations and Disruptions in supply chain is hindering Satellite Antenna Market in some extent.
The Satellite Antenna Market is segmented on the basis of Antenna Types, By Component, By Frequency Band, By Platform Types, and by Region. The Antenna Types in this Market are, Parabolic Reflector, Flat Panel, FRP, Horn, Iron Antenna with Mold Stamping. In which Parabolic Reflector segment holds the ~45% of market share in 2019. And is expected to be growing at a CAGR of 7.67% in the forecasted period.
The Satellite Antenna Market by Component Type is segmented into Reflector, Feed Horn Feed Network, and Low noise block converter (LNB). Reflector Component Type is estimated to grow at a CAGR of 7.83% in the forecasted period and it holds the 64% of market share.
Key companies profiled in the report are Airbus Defence and Space, Honeywell International Inc, General Dynamics Corporation, Cobham PLC, Harris Corporation, Mitsubishi Electric Corporation, Macdonald, Dettwiler and Associates Ltd, Gilat Satellite Networks, Elite Antennas Ltd and Space Star Aerospace Technology Platforms Co, Ltd. The frequent new product launches to stay dynamic in this competitive market is a major driver for the key Telecommunication and Network Providers by offering varied solutions to end users according to their changing demands. Similarly, strict regulations by government from various regions has been identified by many international players and thus they have adopted key strategies such as expansion, mergers, acquisition to increase their operational presence.
Satellite Antenna has its application in Space, Land, Maritime, and Airborne. Growing demand from the Maritime industry as well the steady technological advancement through new product developments and its better utilization are key factors driving Satellite Antenna market. With the increasing adoption of small satellites, rising investments in space exploration projects, and the usage of satellite aided-warfare systems are driving the growth of the satellite antenna market across the globe.
The Satellite Antenna Market is expected to grow at a CAGR of 7.91% during the forecasted period of 2020-2028. Rising product popularity and rapid introduction of advanced Satellite Antenna in the automobile system is pushing the market growth.
The Satellite Antenna Market is witnessing a substantial growth across vendors especially in both the developed & developing nations. The Satellite Antenna Market is expected to reach USD 3.92 Billion by 2028 from USD 2.32 Billion in 2019, at a CAGR of 7.91% from 2020 to 2028.
The market is analyzed across four geographical regions, namely, North America (U.S., Canada), Europe (UK, Germany, France and rest of Europe), Asia-Pacific (China, Japan, India and Rest of Asia-Pacific), and RoW (Latin America, Middle East and Africa). North America region accounted for major shares of the global market. The early adoption of the commercial and military satellite and growing demand for the telecommunication, and presence of key players, are fueling the demand for Satellite Antenna in the region. High Maintenance Cost, fluctuating prices of the raw material, Government Regulations and Disruptions in supply chain is hindering Satellite Antenna Market in some extent.
The Satellite Antenna Market is segmented on the basis of Antenna Types, By Component, By Frequency Band, By Platform Types, and by Region. The Antenna Types in this Market are, Parabolic Reflector, Flat Panel, FRP, Horn, Iron Antenna with Mold Stamping. In which Parabolic Reflector segment holds the ~45% of market share in 2019. And is expected to be growing at a CAGR of 7.67% in the forecasted period.
The Satellite Antenna Market by Component Type is segmented into Reflector, Feed Horn Feed Network, and Low noise block converter (LNB). Reflector Component Type is estimated to grow at a CAGR of 7.83% in the forecasted period and it holds the 64% of market share.
Key companies profiled in the report are Airbus Defence and Space, Honeywell International Inc, General Dynamics Corporation, Cobham PLC, Harris Corporation, Mitsubishi Electric Corporation, Macdonald, Dettwiler and Associates Ltd, Gilat Satellite Networks, Elite Antennas Ltd and Space Star Aerospace Technology Platforms Co, Ltd. The frequent new product launches to stay dynamic in this competitive market is a major driver for the key Telecommunication and Network Providers by offering varied solutions to end users according to their changing demands. Similarly, strict regulations by government from various regions has been identified by many international players and thus they have adopted key strategies such as expansion, mergers, acquisition to increase their operational presence.
Scope:
| Report Data | Market |
| Forecast 2022 | million/billion (2022-2032) |
| CAGR - | % |
| Analysis Period | - |
| Base Year | |
| Forecast Data | - |
| Segments Covered | By Type, By Application, And by Regions |
| Regional Scope | North America, Europe, Asia Pacific, Latin America, and Middle East & Africa |
| Key Companies Profiled | . |
| Key Segments | By Type By Applications |
| Report Coverage | Market Drivers, Market Trends, Restraints, Competitive Analysis, Player Profiling, Regulation Analysis |
Frequently Asked Questions
What is the future market value of the ?
The current market value for is expected USD XX million/billion by 2022.
What is the CAGR of the Market?
The is to grow at a CAGR of 5.3% during the forecast by 2032.
What is the Market segment?
On the basis of type, the is segmented into Types.
Who are the key players operating in the ?
The major players operating in the are Company.
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