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Satellite Ground Station Equipment Market by Type and Geography - Forecast and Analysis 2020-2024

  • Published: Apr 2020
  • Pages: 120
  • SKU: IRTNTR40577
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The satellite ground station equipment market share is expected to increase by USD 5.59 billion from 2019 to 2024, and the market's growth momentum will accelerate at a CAGR of 7%.

This satellite ground station equipment 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 satellite ground station equipment market segmentation by type (NOC equipment, VSAT equipment, antennas, power units, and others) and geography (North America, APAC, Europe, South America, and MEA). The satellite ground station equipment market report also offers information on several market vendors, including Advantech Wireless Technologies Inc., Comtech Telecommunications Corp., EchoStar Corp., Gilat Satellite Networks Ltd., GomSpace Group AB, Norsat International Inc., NovelSat, ST Engineering, Terrasat Communications Inc., and Viasat Inc. among others.

What will the Satellite Ground Station Equipment Market Size be During the Forecast Period?

Satellite Ground Station Equipment Market Size

Download the Free Report Sample to Unlock the Satellite Ground Station Equipment Market Size for the Forecast Period and Other Important Statistics

 

Satellite Ground Station Equipment Market: Key Drivers, Trends, and Challenges

Based on our research output, there has been a positive impact on the market growth during and post COVID-19 era. The increasing investments in HTS communication are notably driving the satellite ground station equipment market growth, although factors such as high initial investments 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 satellite ground station equipment industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Satellite Ground Station Equipment Market Driver

One of the key factors driving growth in the satellite ground station equipment market is the increasing investments in HTS communication. An HTS is a satellite that provides high throughput compared with a fixed satellite system for the same amount of allocated frequency on orbit. HTS reuses the frequency and multiple spot beams to increase throughput and reduce the cost per bit delivered. HTS is primarily deployed to provide broadband Internet access service to unserved regions. The majority of HTS satellites are designed primarily for the enterprise, telecom, or maritime sectors. Space and satellite system providers are launching HTS satellites for high-speed communication services. The increasing HTS launches increase the adoption of ground station equipment as well as the replacement of ground station equipment, thereby driving the market. 

Key Satellite Ground Station Equipment Market Trend

The emergence of mobile ground stations is another factor supporting the satellite ground station equipment market share growth. The ground station is designed to track, communicate, and process the data received from the satellites. However, constructing a ground station requires high upfront investments. This has resulted in the adoption of small and portable mobile ground station that involves less upfront cost. The mobile ground station allows the researchers in space and others to have easy access to satellite signals in the absence of a traditional ground station. Currently, mobile ground stations are installed for domestic purposes. However, in the future, these mobile ground stations will be used for regional or international use also. Thus, the emergence of the mobile ground station will increase the adoption of network equipment such as antenna, antenna unit, terminal unit, junction box, navigation equipment, converters, and others. This, in turn, will drive the market for satellite ground stations during the forecast period.

Key Satellite Ground Station Equipment Market Challenge

The high initial investments will be a major challenge for the satellite ground station equipment market during the forecast period. High initial investments are required to design, deploy, and launch a satellite communication network. The complexities involved in the installation of ground station equipment such as pointing an antenna, aligning its polarization, and setting the transmitter result in high upfront costs. Pointing the VSAT dish in the correct direction is a critical factor in establishing proper communication channels. Thus, setting up each ground station equipment and installation as per the requirement is time-consuming and complicated. Satellite communication requires huge investment starting from satellite manufacturing (~$200 million) to launch and then operations. Once the installation is done, environmental challenges such as rain fade can cause an issue that leads to shutting down the operation for a particular period of time. These factors make it challenging for existing players and entrants to obtain an estimate of the return on investment.

This satellite ground station equipment 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 2020-2024.

Parent Market Analysis

Technavio categorizes the global satellite ground station equipment as a part of the global communications equipment market, within the overall global information technology sector. The parent global communications equipment market covers manufacturers of enterprise networking products, including LANs, WANs, routers, telephones, switchboards, and exchanges. Technavio also includes communications infrastructure or telecom equipment market, within the scope of the communications equipment 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 satellite ground station equipment market during the forecast period.

Who are the Major Satellite Ground Station Equipment Market Vendors?

The report analyzes the market's competitive landscape and offers information on several market vendors, including:

 

  • Advantech Wireless Technologies Inc.
  • Comtech Telecommunications Corp.
  • EchoStar Corp.
  • Gilat Satellite Networks Ltd.
  • GomSpace Group AB
  • Norsat International Inc.
  • NovelSat
  • ST Engineering
  • Terrasat Communications Inc.
  • Viasat Inc.

 

This statistical study of the satellite ground station equipment market encompasses successful business strategies deployed by the key vendors. The satellite ground station equipment market is fragmented and the vendors are deploying organic and inorganic growth strategies 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 satellite ground station equipment 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.

Satellite Ground Station Equipment Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the satellite ground station equipment market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chains 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.

The value chain of the satellite ground station equipment market includes the following core components:

  • Inputs
  • Inbound logistics
  • Operations
  • Outbound logistics
  • Marketing and sales
  • Service
  • Support activities
  • Innovation

The report has further elucidated on other innovative approaches being followed by manufacturers to ensure a sustainable market presence.

Which are the Key Regions for Satellite Ground Station Equipment Market?

Satellite Ground Station Equipment Market Market segmentation by region

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41% of the market's growth will originate from North America during the forecast period. The US is the key market for satellite ground station equipment in North America. Market growth in this region will be slower than the growth of the market in other regions.

The presence of numerous satellite services providers such as SES, EchoStar, and Globecomm Systems Inc. (Globecomm Systems) will facilitate the satellite ground station equipment market growth in North America 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.

What are the Revenue-generating Type Segments in the Satellite Ground Station Equipment Market?

Satellite Ground Station Equipment Market Segmentation

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The satellite ground station equipment market share growth by the NOC equipment segment will be significant during the forecast period. The use of NOC equipment allows for easy management of the above functions. Vendors are partnering with satellite service providers to provide NOC equipment for monitoring the satellites, which are active in orbit. 

This report provides an accurate prediction of the contribution of all the segments to the growth of the satellite ground station equipment market size and actionable market insights on post COVID-19 impact on each segment.

 

Satellite Ground Station Equipment Market Scope

Report Coverage

Details

Page number

120

Base year

2019

Forecast period

2020-2024

Growth momentum & CAGR

Accelerate at a CAGR of 7%

Market growth 2020-2024

$ 5.59 billion

Market structure

Fragmented

YoY growth (%)

6.37

Regional analysis

North America, APAC, Europe, South America, and MEA

Performing market contribution

North America at 41%

Key consumer countries

US, China, Russian Federation, and Japan

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

Advantech Wireless Technologies Inc., Comtech Telecommunications Corp., EchoStar Corp., Gilat Satellite Networks Ltd., GomSpace Group AB, Norsat International Inc., NovelSat, ST Engineering, Terrasat Communications Inc., 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

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What are the Key Data Covered in this Satellite Ground Station Equipment Market Report?

  • CAGR of the market during the forecast period 2020-2024
  • Detailed information on factors that will drive satellite ground station equipment market growth during the next five years
  • Precise estimation of the satellite ground station equipment market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the satellite ground station equipment industry across North America, APAC, Europe, South America, and MEA
  • A thorough analysis of the market's competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of satellite ground station equipment market vendors

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1. Executive Summary                           

2. Market Landscape                             

                2.1 Market ecosystem             

                                Exhibit 01:  Parent market

                                Exhibit 02:  Market Characteristics

                2.3 Value chain analysis           

3. Market Sizing                       

                3.1 Market definition

                                Exhibit 03:  Product / Service portfolio of key vendors included in the market definition

                3.2 Market segment analysis 

                                Exhibit 04:  Market segments

                3.3 Market size 2019 

                3.4 Market outlook: Forecast for 2019 - 2024 

                                Exhibit 05:  Global - Market size and forecast 2019 - 2024 ($ billion)

                                Exhibit 06:  Global market: Year-over-year growth 2019 - 2024 (%)

4. Five Forces Analysis                          

                4.1 Five Forces Summary        

                                Exhibit 07: Five forces analysis 2019 & 2024

                4.2 Bargaining power of buyers           

                4.3 Bargaining power of suppliers       

                4.4 Threat of new entrants    

                4.5 Threat of substitutes         

                4.6 Threat of rivalry   

                4.7 Market condition

                                Market condition - Five forces 2020

5. Market Segmentation by Type                     

                The segments covered in this chapter are:

  • NOC equipment
  • VSAT equipment
  • Antennas
  • Power units
  • Others

Here NOC equipment has the maximum growth while VSAT equipment,antennas, power units and others have the lowest growth.

                5.1 Market segments

                                Exhibit 14: Type - Market share 2019-2024 (%)

                5.2 Comparison by Product    

                                Exhibit 15:  Comparison by Product

                5.3 NOC equipment - Market size and forecast 2019-2024         

                                Exhibit 16:  NOC equipment - Market size and forecast 2019-2024 ($ billion

                                Exhibit 17:  NOC equipment - Year-over-year growth 2019-2024 (%)

                5.4 VSAT equipment - Market size and forecast 2019-2024       

                                Exhibit 18:   VSAT equipment - Market size and forecast 2019-2024 ($ billion)

                                Exhibit 19:  Comparison between brands offering VSAT equipment

                                Exhibit 20:  VSAT equipment - Year-over-year growth 2019-2024 (%)

                5.5 Antennas - Market size and forecast 2019-2024      

                                Exhibit 21:   Antennas - Market size and forecast 2019-2024 ($ billion)

                                Exhibit 22:  Form factor comparison of antennas based on frequency bands

                                Exhibit 23:  Antennas - Year-over-year growth 2019-2024 (%)

                5.6 Power units - Market size and forecast 2019-2024 

                                Exhibit 24:   Power units - Market size and forecast 2019-2024 ($ billion)

                                Exhibit 25:  Power units - Year-over-year growth 2019-2024 (%)

                5.7 Others - Market size and forecast 2019-2024           

                                Exhibit 26:   Others - Market size and forecast 2019-2024 ($ billion)

                                Exhibit 27:  Others - Year-over-year growth 2019-2024 (%)

                                Market opportunity by Type

                                Exhibit 28:   Market opportunity by Type

6. Customer landscape                         

                                Technavio’s customer landscape matrix comparing Drivers or price sensitivity, Adoption lifecycle, importance in customer price basket, Adoption rate and Key purchase criteria

                                Exhibit 29: ​Customer landscape​

7. Geographic Landscape                     

                ​​The regions covered in the report are: 

  • North America 
  • Europe 
  • APAC 
  • South America 
  • MEA 

                North America was the largest region of the market in 2019

                7.1 Geographic segmentation

                                Exhibit 30:  Market share by geography 2019-2024 (%)

                7.2 Geographic comparison   

                                Exhibit 31:   Geographic comparison

                7.3 North America - Market size and forecast 2019-2024           

                                Exhibit 32:   North America - Market size and forecast 2019-2024 ($ billion)

                                Exhibit 33:  North America - Year-over-year growth 2019-2024 (%)

                7.4 APAC - Market size and forecast 2019-2024              

                                Exhibit 34:  APAC - Market size and forecast 2019-2024 ($ billion)

                                Exhibit 35:  APAC - Year-over-year growth 2019-2024 (%)

                7.5 Europe - Market size and forecast 2019-2024          

                                Exhibit 36:   Europe - Market size and forecast 2019-2024 ($ billion)

                                Exhibit 37:  Europe - Year-over-year growth 2019-2024 (%)

                7.6 South America - Market size and forecast 2019-2024           

                                Exhibit 38:  South America - Market size and forecast 2019-2024 ($ billion)

                                Exhibit 39:  South America - Year-over-year growth 2019-2024 (%)

                7.7 MEA - Market size and forecast 2019-2024               

                                Exhibit 40:  MEA - Market size and forecast 2019-2024 ($ billion)

                                Exhibit 41:  MEA - Year-over-year growth 2019-2024 (%)

                7.8 Key leading countries        

                                Exhibit 42: Key leading countries

                7.9 Market opportunity by geography

                                Exhibit 43: Market opportunity by geography ($ million)

8. Drivers, Challenges, and Trends                   

                8.1 Market drivers     

                                8.1.1 Increasing investments in HTS communication

                                8.1.2 Increase in number of satellite launches

                                8.1.3 Increasing use of satellites for remote sensing applications

                                Exhibit 44:  Recently launched EO satellites

                8.2 Market challenges              

                                8.2.1 High initial investments

                                8.2.2 Rise in demand for rental equipment

                                Exhibit 45:  Companies providing equipment on rental or leases basis

                                8.2.3 Government policies and regulatory issues

                                Exhibit 46: Impact of drivers and challenges

                8.3 Market trends      

                                8.3.1 Emergence of mobile ground station

                                8.3.2 Deployment of 5G ecosystem

                                8.3.3 Increase in strategic partnerships

9. Vendor Landscape                             

                                Exhibit 45:  Vendor landscape

                9.1 Landscape disruption        

                                Exhibit 47:  Landscape disruption

                                Exhibit 48:  Industry risks

                9.2 Competitive Lanscape      

10. Vendor Analysis               

                10.1 Vendors covered              

                                Exhibit 49:  Vendors covered

                10.2 Market positioning of vendors    

                                Exhibit 50: ​Market positioning of vendors​

                10.3 Advantech Wireless Technologies Inc.     

                                Exhibit 51:  Advantech Wireless Technologies Inc. - Overview

                                Exhibit 52:  Advantech Wireless Technologies Inc. - Product and service

                10.4 Comtech Telecommunications Corp.        

                                Exhibit 55:  Comtech Telecommunications Corp. - Overview

                                Exhibit 56:  Comtech Telecommunications Corp. - Business segments

                                Exhibit 57:  Comtech Telecommunications Corp. - Key offerings

                                Exhibit 58:  Comtech Telecommunications Corp. - Segment focus

                10.5 EchoStar Corp.   

                                Exhibit 59:  EchoStar Corp. - Overview

                                Exhibit 60:  EchoStar Corp. - Business segments

                                Exhibit 61:  EchoStar Corp. - Key news

                                Exhibit 62:  EchoStar Corp. - Key offerings

                                Exhibit 63:  EchoStar Corp. - Segment focus

                10.6 Gilat Satellite Networks Ltd.        

                                Exhibit 64:  Gilat Satellite Networks Ltd. - Overview

                                Exhibit 65:  Gilat Satellite Networks Ltd. - Business segments

                                Exhibit 66:  Gilat Satellite Networks Ltd. - Key news

                                Exhibit 67:  Gilat Satellite Networks Ltd. - Key offerings

                                Exhibit 68:  Gilat Satellite Networks Ltd. - Segment focus

                10.7 GomSpace Group AB      

                                Exhibit 69:  GomSpace Group AB - Overview

                                Exhibit 70:  GomSpace Group AB - Business segments

                                Exhibit 71:  GomSpace Group AB - Key offerings

                                Exhibit 72:  GomSpace Group AB - Segment focus

                10.8 Norsat International Inc.

                                Exhibit 73:  Norsat International Inc. - Overview

                                Exhibit 74:  Norsat International Inc. - Product and service

                                Exhibit 75:  Norsat International Inc. - Key offerings

                10.9 NovelSat              

                                Exhibit 76:  NovelSat - Overview

                                Exhibit 77:  NovelSat - Key news

                                Exhibit 78:  NovelSat - Key offerings

                                Exhibit 79:  ST Engineering – Overview

                10.10 ST Engineering

                                Exhibit 80:  ST Engineering - Business segments

                                Exhibit 81: ST Engineering - Key news

                                Exhibit 82:  ST Engineering - Key offerings

                                Exhibit 83:  ST Engineering - Segment focus

                10.11 Terrasat Communications Inc.  

                                Exhibit 84:  Terrasat Communications Inc. - Overview

                                Exhibit 85:  Terrasat Communications Inc. - Key news

                                Exhibit 86:  Terrasat Communications Inc. - Key offerings

                10.12 Viasat Inc.         

                                Exhibit 87:  Viasat Inc. - Overview

                                Exhibit 88:  Viasat Inc. - Business segments

                                Exhibit 89: Viasat Inc - Key news

                                Exhibit 90:  Viasat Inc. - Key offerings

                                Exhibit 91:  Viasat Inc. - Segment focus

11. Appendix                            

                11.1 Scope of the report         

                                11.1.1 ​​​​Market definition

                                11.1.2 ​​​​Objectives

                                11.1.3 ​​​​Notes and caveats

                11.2 Currency conversion rates for US$            

                                Exhibit 92: ​Currency conversion rates for US$​

                11.3 Research Methodology 

                                Exhibit 93: ​Research Methodology

                                Exhibit 94: ​​Validation techniques employed for market sizing​

                                Exhibit 95: ​​Information sources

                11.4 List of abbreviations        

                                Exhibit 96: List of abbreviations

Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

TechnavioINFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases
Technavio

TechnavioDATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts
Technavio

TechnavioREPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
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Satellite Ground Station Equipment market growth will increase by $5.59 billion during 2019-2024.
The satellite ground station equipment market is expected to grow at a CAGR of 6.63% during 2019-2024.
Technavio has segmented the satellite ground station equipment market by type (NOC equipment, VSAT equipment, Antennas, Power units, and Others) ,application (Core banking software, Asset and wealth management software, and Other banking software) , and geographic (North America, APAC, Europe, and South America).
Advantech Wireless Technologies Inc., Comtech Telecommunications Corp., EchoStar Corp., Gilat Satellite Networks Ltd., GomSpace Group AB, Norsat International Inc., NovelSat, ST Engineering, Terrasat Communications Inc., Viasat Inc. are a few of the key vendors in the satellite ground station equipment market.
North America will register the highest growth rate of 40.83% among the other regions. Therefore, the satellite ground station equipment market in North America is expected to garner significant business opportunities for the vendors during the forecast period.
The key factors driving the satellite ground station equipment market growth are:
  • Increasing investments in HTS communication
  • Growing focus on smart retail stores
The satellite ground station equipment market vendors should focus on grabbing business opportunities from the noc equipment segment as it accounted for the largest market share in the base year.
  • What are the key global market and the regional market share?
  • What are the revenue-generating key market segments?
  • What are the key factors driving and challenging this market’s growth?
  • Who are the key market vendors and their growth strategies?
  • What are the latest trends influencing the growth of this market?
  • What are the variables influencing the market growth in the primary regions?
  • What are the factors influencing the growth of the parent market?
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