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The airborne SATCOM market share is expected to increase by USD 1.32 billion from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 4.53%.
This airborne SATCOM market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers airborne SATCOM market segmentation by application (commercial and military and defense) and geography (Europe, North America, APAC, South America, and Middle East and Africa). The airborne SATCOM market report also offers information on several market vendors, including Airbus SE, ASELSAN AS, Cobham Plc, Collins Aerospace, Comtech Telecommunications Corp., CPI International Inc., Digisat International Inc., EchoStar Corp., General Dynamics Mission Systems Inc., Gilat Satellite Networks Ltd., Honeywell International Inc., Inmarsat Global Ltd., Intelsat SA, Israel Aerospace Industries Ltd., L3Harris Technologies Inc., Northrop Grumman Corp., Orbit Communications Systems Ltd., Raytheon Technologies Corp., Teledyne Technologies Inc., Thales Group, and Viasat Inc. among others.
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The increasing air passenger traffic is notably driving the airborne SATCOM market growth, although factors such as exposure to cybersecurity threats may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the airborne SATCOM industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
Key Airborne SATCOM Market Driver
The increasing air passenger traffic is one of the key drivers supporting the airborne SATCOM market growth. Factors such as the rising inclination for air travel among the middle-class population, the expansion of this group in emerging economies, and the rise in the global working-age population are expected to increase the total air passenger traffic. Several commercial airline operators, therefore, are expanding their fleets. For instance, in June 2021, United Airlines placed an order for 270 aircraft with Boeing and Airbus as it expects a surge in passenger traffic over the forecast period. Emerging economies are growing rapidly, which will result in the expansion of cities, a rise in the number of commercial and business travelers, and an increase in passenger traffic over the forecast period. This will continue to offer a favorable growth environment to the vendors in the market in focus during the forecast period.
Key Airborne SATCOM Market Trend
Significant growth of the aerospace and defense industry in Asia is another factor supporting the airborne SATCOM market growth. A significant part of the increase in air traffic and spending in the commercial aerospace sector is attributed to the high demand for air travel from people in APAC, which is raising the demand for new aircraft. Moreover, the presence of a skilled workforce in the region plays a vital role in the development of better radar systems and technology. For instance, in 2021, APSATCOM, a leading satellite operator in APAC, and Panasonic Avionics together designed the APSTAR-6D system to provide a larger-bandwidth (multiple gigahertz) Ku-band capacity network for regional airline operators, including those operating from Tokyo, Seoul, and others using narrow Extreme Throughput Satellite (XTS) spot beams. Such factors are driving the market growth.
Key Airborne SATCOM Market Challenge
Exposure to cybersecurity threats is one of the factors hindering the airborne SATCOM market growth. The data generated during a flight is analyzed for flight safety and optimization. The upgrading of defense systems globally and the rising focus on intelligence, surveillance, and reconnaissance (ISR) systems have enhanced the flow of information within the supply chain. Cybersecurity breaches can result in the loss of confidential information related to program specifications and patented technologies, which can have a significant impact on the reputation and performance of enterprises. As military organizations are becoming highly dependent on the Internet, the frequency of organized cyberattacks is on the rise. The traditional methods of defense against it are becoming ineffective against new types of malware. Such factors are expected to hinder the growth of the market in focus during the forecast period.
This airborne SATCOM market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.
Technavio categorizes the global airborne SATCOM market as a part of the global aerospace and defense market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the airborne SATCOM market during the forecast period.
The report analyzes the market's competitive landscape and offers information on several market vendors, including:
This statistical study of the airborne SATCOM market encompasses successful business strategies deployed by the key vendors. The airborne SATCOM market is fragmented and the vendors are deploying growth strategies such as product features, price, customized solutions, and offering services to compete in the market.
To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
The airborne SATCOM market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
Our report provides extensive information on the value chain analysis for the airborne SATCOM market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.
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32% of the market's growth will originate from APAC during the forecast period. China is the key market for airborne SATCOM market in APAC. Market growth in this region will be faster than the growth of the market in other regions.
Another key region offering significant growth opportunities to the vendors is Europe. The inclination among passengers to remain connected even inflight will facilitate the airborne SATCOM market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.
COVID Impact and Recovery Analysis
In 2020 and in early 2021, the airborne SATCOM market in Europe witnessed certain challenges owing to the outbreak of COVID-19. However, in 2021, the initiation of large-scale COVID-19 vaccination drives in countries such as Germany, France, and others, reduced the number of daily COVID-19 cases in the region. Furthermore, in the first half of 2021, most of the lockdowns were lifted, and supply chain activities for airborne satellite communication systems resumed. Such factors will drive the growth of the regional market during the forecast period.
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The airborne SATCOM market share growth by the commercial segment will be significant during the forecast period. The increasing demand for comfortable air travel, accompanied by the growing commercial aviation industry and fleet expansions, is expected to fuel the growth of the airborne SATCOM market. It is projected to grow owing to the high demand for entertainment devices during long-distance flights to make such time-consuming journeys enjoyable and comfortable. For instance, in October 2020, satellite communication provider Inmarsat and Hughes Network Systems partnered to launch an in-flight connectivity product for the North American market. Thus, such collaborations are further anticipated to boost the growth of the commercial segment of the global airborne SATCOM market during the forecast period.
This report provides an accurate prediction of the contribution of all the segments to the growth of the airborne SATCOM market size and actionable market insights on post COVID-19 impact on each segment.
Airborne ISR market - The market share is expected to increase by USD 6.83 billion from 2020 to 2025, and the market's growth momentum will accelerate at a CAGR of 5.83%.
Airborne Light Detection and Ranging (LiDAR) System market - The market share should rise by USD 900.41 million from 2021 to 2025 at a CAGR of 15.70%.
Airborne SATCOM Market Scope |
|
Report Coverage |
Details |
Page number |
120 |
Base year |
2021 |
Forecast period |
2022-2026 |
Growth momentum & CAGR |
Accelerate at a CAGR of 4.53% |
Market growth 2022-2026 |
$ 1.32 billion |
Market structure |
Fragmented |
YoY growth (%) |
2.97 |
Regional analysis |
Europe, North America, APAC, South America, and Middle East and Africa |
Performing market contribution |
APAC at 32% |
Key consumer countries |
US, China, UK, France, and Germany |
Competitive landscape |
Leading companies, Competitive strategies, Consumer engagement scope |
Key companies profiled |
Airbus SE, ASELSAN AS, Cobham Plc, Collins Aerospace, Comtech Telecommunications Corp., CPI International Inc., Digisat International Inc., EchoStar Corp., General Dynamics Mission Systems Inc., Gilat Satellite Networks Ltd., Honeywell International Inc., Inmarsat Global Ltd., Intelsat SA, Israel Aerospace Industries Ltd., L3Harris Technologies Inc., Northrop Grumman Corp., Orbit Communications Systems Ltd., Raytheon Technologies Corp., Teledyne Technologies Inc., Thales Group, and Viasat Inc. |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Five Forces Analysis
5 Market Segmentation by Application
6 Customer Landscape
7 Geographic Landscape
8 Drivers, Challenges, and Trends
9 Vendor Landscape
10 Vendor Analysis
11 Appendix
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