Airborne SATCOM Market Share, Size, Trends, Industry Analysis Report, By Platform; By Component; By Application; By Frequency; By Region; Segment Forecast, 2022 - 2030
The global airborne SATCOM market size is expected to reach USD 8.9 billion by 2030, according to a new study by Polaris Market Research. The report “Airborne SATCOM Market Share, Size, Trends, Industry Analysis Report, By Platform; By Component; By Application; By Frequency; By Region; Segment Forecast, 2022 – 2030” gives a detailed insight into current market dynamics and provides analysis on future market growth.
An increase in passenger traffic is being caused by customers’ growing desire to fly. This is driving the main airline businesses to increase the size of their commercial fleets to satisfy the growing demand, subsequently promoting the expansion of the airborne SATCOM industry. Along with the convenience and shortened travel times provided by air travel, major reasons affecting this development are rising disposable incomes, rapid urbanization, and these perks.
Furthermore, it is anticipated that the quickening pace of technical progress will fuel the creation of effective SATCOM solutions, fueling market expansion in the following years. For instance, in April 2021, “Orbit GX46,” a multi-purpose terminal, was permitted to use throughout Inmarsat’s “Xpress network” according to a joint announcement from the leading supplier of mobile satellite communication services Inmarsat and Orbit Communication Systems Ltd. This compact terminal provides global connectivity, serving military, governmental, and commercial users everywhere.
Moreover, governments worldwide are incorporating commercial spy satellites into their army communications infrastructure to keep up with the rising need for communication for uses like airborne intelligence, surveillance, reconnaissance (AISR), and communications on the go (COTM). These services require consistent and dependable coverage, which satellite services are excellent at supplying. For instance, in January 2021, as per the “Union of Concerned Scientists (UCS),”around 3,372 active spacecraft & 6,542 artificial satellites were orbiting the globe. Artificial satellites transfer the analog and digital image, audio, and video data between several network nodes. These factors are boosting the market growth over the forecast period.
Airborne SATCOM Market Report Highlights
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