Satellite Ground Station Equipment Market Size, Share, Growth, and Industry Analysis, By Type (Control and Monitoring Equipment, Measurement and Test Equipment, Radio Frequency (RF) Equipment, Intermediate Frequency (IF) Equipment, and Others), By Application (Military and Civilian), Regional Forecast From 2024 To 2031

Updated On: 20 November 2023

SATELLITE GROUND STATION EQUIPMENT MARKET REPORT OVERVIEW

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The global satellite ground station equipment market size was USD 11550 million in 2022 and is projected to touch USD 17764.99 million by 2031 at CAGR 4.9% during the forecasted period.

The global COVID-19 pandemic was unprecedented & staggering, with satellite ground station equipment experiencing lower-than-anticipated demand across all regions compared to pre-pandemic times.

Satellite ground stations collect and stream remotely sensed data to various users and have applications in sectors such as defense and military. This may also include national weather centers and research centers. The centers collect weather and other vital data to provide consumers and the general public with the latest updates. A satellite ground station generally consists of a reception antenna, a feed horn, a waveguide, and a receiver. All these components are typically mounted on a pedestal.

The deployment of low earth satellites and constellations of satellites for communication purposes has increased their demand across the globe. Regions such as the Middle East will primarily drive the equipment's needs. Other factors driving the market growth are the growing demand for Ku- and Ka-band satellites and an increasing fleet of autonomous and connected vehicles used in the military and commercial sectors. These developments will increase revenue and profit generation for leading global players and manufacturers.

COVID-19 Impact: Lack of R&D Facilities Impeded Market Growth and Supply

The lack of research and development facilities due to the closure of experiment labs and centers heavily affected the industry's growth as scientists focused on the healthcare sector during the pandemic. The demand for the equipment came to an all-time low, leading to significant revenue losses for investors and manufacturers globally. The industry also suffered restraints due to rising inflation and decreased disposable income of countries in both developed and developing regions. However, the market will witness an exponential boom in the post-pandemic period.

LATEST TRENDS

"Adoption of Mobile Ground Stations to Drive Market Demand "

A ground station is designed to track, communicate, and process data received from satellites. Constructing a ground station requires high investments, which has resulted in adopting portable, mobile ground stations with fewer costs and increased affordability. The mobile ground stations allow space researchers to have easy access to satellite signals in the absence of traditional ground stations. Thus, the emergence of mobile ground stations will increase the adoption of satellite ground station equipment during the projected period.

SATELLITE GROUND STATION EQUIPMENT MARKET SEGMENTATION

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• By Type

The market is categorized based on types into radio frequency (RF), intermediate frequency (IF), control and monitoring, measurement, and test equipment.

• By Application

The market is subcategorized based on applications in military and civilian.

DRIVING FACTORS

"Technological Innovations to Provide Internet Services and Drive Growth "

An HTS satellite provides high throughput compared with a fixed satellite system for the same amount of frequency on an orbit. The HTS system is primarily deployed to provide broadband internet access service to unserved and developing regions with low connectivity. These satellites are designed mainly for the enterprise, telecom, and maritime sectors. The space and satellite system providers are launching HTS satellites for high-speed communication services, thus increasing the adoption of satellite ground station equipment and driving the industry's market growth.

"Penetration of Voice-based and Internet Services to Boost Growth"

The penetration of voice-based services and the internet in developed and developing regions will drive the satellite ground station equipment market growth as the demand for these services increases worldwide. Technological innovations and new product launches in the satellite market will increase the possibility of a rising market share and growth as the demand for high throughput satellite (HTS) systems increases for communication and video conferencing.

RESTRAINING FACTORS

"High Cost of Installation and Operations to Hamper Market Growth"

The high costs of installing and operating complex programs and systems will hamper the market growth of the industry, as the components required for the ground station demand higher prices. The increase in costs can be attributed to the ongoing tensions in the European region, which will significantly affect the manufacturers and players. Thus, the industry's market growth and share will be affected due to the need for complex procedures and the maintenance of complex satellite ground station equipment.

SATELLITE GROUND STATION EQUIPMENT MARKET REGIONAL INSIGHTS

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"North America to Lead Market Share Owing to Industrial Innovations"

The North American region will lead the satellite ground station equipment market share owing to industrial innovations, developments, and key acquisitions in the area. The rising demand for satellite equipment has increased due to space programs launched by NASA (National Aeronautics Space Administration) in collaboration with developing countries in Asia, such as India. Thus, the region will benefit from these developments rapidly as the supply chain activities resume from the consequences of the pandemic.

KEY INDUSTRIAL PLAYERS

"Notable Players in the Industry to Promote Market Expansion "

The report analyzes various market players in the industry, and the information is published after research, analysis of trends, key industry developments, initiatives, and technological developments and innovations. The report also includes research on companies, technical and environmental outcomes, and newly emerging industries' impact and risks. The study considers all the points after a comprehensive analysis, thus generating future possibilities for the market. Therefore, the factors mentioned in the report are subject to change as the dynamics and situation of the market change.

List of Market Players Profiled

• Gilat Satellite Networks (Israel)
• Hughes Network Systems (U.S.)
• Speedcast (U.S.)
• NovelSat (Israel)
• ViaSat (U.S.)
• VT iDirect (U.S.)
• Comtech Telecommunications (U.S.)
• Gigasat (U.K.)
• Inmarsat (U.K.)
• GomSpace (Denmark)

INDUSTRY DEVELOPMENT

June 2022:  Hughes Network Systems, an innovator of satellite technology and networks, announced the successful testing of the 5G satellite with the company's JUPITER System ground network. Hughes engineers connected 5G smartphones to the internet with JUPITER System infrastructure – including a small aperture terminal (SAT), gateway, and high throughput satellite. The tests validated the compatibility of the technology with a 5G open radio access system. This development will immensely benefit the company and drive its market share and growth.

REPORT COVERAGE

The report examines elements that affect the demand & supply and estimates dynamic forces for the forecasted period. After evaluating the market factors, the report provides an extensive, comprehensive SWOT analysis. The information estimates the factors mentioned, taken into consideration after thorough research. The report also includes information on segmentation, market trends and the latest worldwide developments, key industry mergers and acquisitions, and an analysis of the risks of the dental endodontics industry. The report lists the leading industrial players worldwide and the regions that will experience growth during the forecast period.