Satellite Communication (SATCOM) Equipment Market worth $41.51 billion by 2029

The SATCOM equipment market is valued at USD 24.27 billion in 2024 and is projected to reach USD 41.51 billion by 2029, at a CAGR of 11.3% from 2024 to 2029 according to a new report by MarketsandMarkets™. The SATCOM equipment market is a rapidly evolving sector that has become integral to global communications, thanks to the use of satellite technology to offer reliable, high-capacity connectivity. The range of products and services encompasses antennas, transceivers, modems, power amplifiers, and integrated systems designed for different applications.

SATCOM equipment provides military operations with secure communication and the real-time transmission of data, which helps improve situational awareness and operational effectiveness. Key technologies driving this market include phased array antennas, which enable electronically steerable beams for improved signal tracking; software-defined networking (SDN), which enhances flexibility and efficiency in managing communications; and low Earth orbit (LEO) satellite constellations that significantly reduce latency and increase bandwidth availability.

Beyond defense, the market serves many civil and commercial sectors, such as telecommunications, broadcasting, maritime, aviation, and emergency services. With the increasing demand for high-speed internet and reliable communication solutions, the integration of software-defined networks and the emergence of LEO satellite constellations transform the SATCOM landscape. Such technologies are supposed to increase bandwidth, reduce latency, and enhance overall service quality.

Satcom and terrestrial networks can be integrated using NTNs, that is, LEO and MEO satellites for backhaul and connectivity to terrestrial infrastructure, for providing access to remote or underprivileged areas where traditional terrestrial infrastructure cannot be deployed economically. Satellite backhaul can further enhance the resilience and redundancy of terrestrial networks. The option of secondary connectivity becomes available in case of a network outage or disaster, through which satellite links can establish connectivity quickly and efficiently when an outage occurs and maintain the operation of critical communications services.

Based on the platform, the airborne SATCOM segment is estimated to account for the fastest growth of the SATCOM EQUIPMENT market from 2024 to 2029.

Based on platform, the airborne SATCOM segment is likely to continue to lead the SATCOM equipment market during 2024-2029 and is expected to grow due to modernization programs undertaken by various countries, which is likely to raise the demand for the advanced airborne SATCOM in new aircraft. Airborne SATCOM equipment can also be installed in the existing fleet as a part of retrofitting or upgrading activities. For instance, Integrated Broadcast Service (IBS) program, initiated by the U.S. Department of Defense (DoD) aims to enhance the capabilities of existing military platforms by integrating advanced SATCOM systems that provide real-time situational awareness and intelligence dissemination. This upgrade focuses on improving the interoperability of airborne assets, allowing for seamless communication across different branches of the military. The program enhances data sharing from various sensors and platforms, enabling operators to receive timely updates and better coordinate joint operations.