North America Satellite Communication Terminal Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Classification (C Band, X Band, S Band, Ku Band, and Ka Band) and Application (Military Use and Civil Use)
The North America satellite communication terminal market is expected to grow from US$ 1,476.44 million in 2021 to US$ 2,214.65 million by 2028; it is estimated to grow at a CAGR of 6.0% from 2021 to 2028.
The need for uninterrupted connectivity is growing across various domains in North America. Satellite communication terminals are used in various applications, such as weather forecasting, media & entertainment, aviation, television, internet, space, and telecommunication. Various technological developments to SATCOM terminals considerably contribute to the North America satellite communication terminal market growth. The growing need for communication on-the-move solutions for platforms, such as military vehicles, commercial vehicles, boats, and trains, is boosting the demand for respective satellite communication terminals. To stay aware of cyclones, tsunamis, and tornados, the need for accurate weather forecasting is growing across the region. With the launch of new airlines and a rise in investment in the aviation sector, the need for enhanced operational efficiencies and air traffic control is expected to increase significantly in the coming years. The International Air Transport Association (IATA) predicts that the number of air passengers is anticipated to reach ~7.2 billion by 2035, which nearly doubles the number of 3.8 billion air passengers in 2016. Thus, the growing telecommunication sector, media & broadcasting industry, and aviation sector are expected to drive the need for satellite communication terminals for uninterrupted connectivity, thereby boosting the satellite communication terminal market growth across North America.
North America is one of the most significant regions concerning the adoption and growth of new technologies due to favorable government policies to fuel innovation. The COVID-19 pandemic had an economic impact on a few industries, such as leisure, travel, and tourism. Aviation, media & entertainment, and telecommunication are among the significant fields that contribute majorly toward the growth of the in North America satellite communication terminal market. In April 2020, Nielsen, a US rating agency, estimated that people who had to stay at home led to a remarkable 60% increase in the amount of online and entertainment content watched in the US, Canada, and Mexico. The COVID-19 pandemic delayed the expansion project of Austin-Bergstrom Airport in the US, which hampered the satellite communication terminal market growth. Moreover, since nonessential activities were prohibited, the demand for small and portable SATCOM terminals from foresters, loggers, and geologists reduced remarkably. Restrictions, such as a limited workforce, impacted the market from the supply side. However, with increasing vaccination drives, the production of satellite communication terminals is also recovering.
With new features and technologies, vendors attract new customers and expand their footprints in emerging markets, which will drive the North America satellite communication terminal market growth.
North America Satellite Communication Terminal Market Revenue and Forecast to 2028 (US$ Million)
North America Satellite Communication Terminal Market Segmentation
North America Satellite Communication Terminal Market - By Classification
C Band X Band S Band Ku Band Ka Band North America Satellite Communication Terminal Market - By Application
Military Use Civil Use North America Satellite Communication Terminal Market, by Country
The US Canada Mexico North America Satellite Communication Terminal Market - Companies Mentioned
Airbus AVL Technologies Collins Aerospace General Dynamics Mission Systems, Inc. Honeywell International Inc. L3Harris Technologies, Inc. NEC Corporation ST Engineering Thales Group Viasat, Inc.
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