Satellite Ground Station Equipments Industry Size, Players, Key Regions and Global Demand
The global satellite ground station equipment market is subject to witness a substantial growth at a CAGR of
7.45% due to the increasing demand for radio frequency (RF) equipment and
intermediate frequency (IF) equipment to control and monitor reception of radio
waves from stellar radio sources. Use of satellite ground station equipment to
monitor extra-planetary telecommunication with spacecraft is expected to drive
the growth of market.
The satellite ground
station equipment is primarily designed to receive radio waves from stellar
radio sources. Increasing adoption of satellite ground station equipment as a
terrestrial radio station is propelling market growth in the past few years.
Globally, market is predicted to generate massive revenue over next five years,
providing numerous opportunities for market players to invest for research and
development in the satellite ground station equipment market.
However, higher
installation cost and need for regular maintenance are predicted to restrain
market growth to a certain extent. Yet, soaring demand for satellite ground
station equipment in a wide range of applications such as offshore
communication, wireless computer networking, and other wireless communications
are driving the growth of satellite ground station equipment market, in the
recent years. The satellite ground station equipment are commonly installed
under supervision of government authorities in residential or commercial space.
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The satellite ground station equipment
plays vital role in sending and receiving radio frequency signals or radio
waves, and transfer it to the base receivers that are in the close proximity.
Growing preference for medium earth orbit (MEO) satellite and low earth orbit
(LEO) satellites over the geostationary satellite is expected to boost market
growth of satellite ground station equipment over the next five years.
The market is broadly categorized into
six major segments based on the network equipment type such as network
operations centers (NOCs), test and monitoring equipment, power units,
antennas, very small aperture terminals (VSATs) and gateways. The network
operations centers (NOCs) is considered as one of the fastest growing segment
in the with substantial revenue generation in the last few years. Growing
popularity of the network operations centers (NOCs) segment is attributed to
the increasing adoption to design, monitor and manage satellite networks.
The market is divided by region as
North America, Europe, Asia-Pacific, Latin America and Africa. North America
has shown major growth in recent years owing to the rise in the implementation
of latest technologies in telecommunication sector, rapid advancement in
aerospace sector, rise in the number of research & development activities,
and existence of well-established manufacturing infrastructure in the region.
Asia-Pacific region is predicted to
hold major market share in the satellite ground station equipment market with
massive growth in forecast period. Countries such as India, China and Singapore
are leading the Asia-Pacific market with strong economic growth, favorable
government policies, shifting focus towards miniaturized satellites, and
significant investment by leading industry players considering potential growth
opportunities in the region.
The key players in the satellite
ground station equipment market are Gilat Satellite Networks, Inc., Harris
CapRock Co., Hughes Network Systems, Inc., Viasat, Inc., VT iDirect, Inc.,
Newtec, Inc., and Norsat International, Inc.
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