Authored By: Sarah
17 Oct 2024

Latest News: Satellite Communication Market In Defense Sector is expected to grow by a CAGR of 9.3% during 2024-2028; Trends and Forecasts to 2018

The Satellite Communication Market In Defense Sector is expected to grow at a CAGR of 9.3% to reach USD 3659.5 million by 2028. In the defense sector, the integration of Artificial Intelligence (AI) in satellite communication is gaining significant traction. The innovation of machine learning and analysis algorithms in AI technology enables governments and military forces to derive valuable insights from vast amounts of satellite-transmitted data. With a single satellite generating over a terabyte of earth imagery daily, human analysts face challenges in processing and interpreting this data. AI-based software applications streamline the process by providing actionable intelligence from the raw data, thereby driving their adoption in the defense sector's satellite communication market.

North America dominates the regional market because of The defense sector in North America, spearheaded by the United States, represents the largest market for satellite communication. This growth can be attributed to substantial investments in the region's defense sector, with plans to launch 28 satellites in low-earth orbit (LEO) between 2022 and 2024, each costing approximately USD14.1 million. The escalating threat of terrorist activities within the US has prompted a significant increase in the US Space Force's budget, reaching around USD30 billion for the fiscal year 2024. Geopolitical tensions among countries like China, Russia, and Afghanistan have further fueled the need for advanced satellite communication infrastructure in the defense sector. Commercial, maritime, and airborne satellite communication equipment, as well as telecommunications networks, are essential components of this infrastructure. Satellite and spacecraft technology, including orbits around the Earth in geostationary orbit (GEO), play a crucial role in ensuring secure and reliable communication channels for defense forces.

There are various factors that drive the Satellite Communication Market In Defense Sector market which are as following: In the defense sector, countries with maritime borders encounter significant challenges in ensuring security across their expansive waterfronts. The risks of illicit activities such as sea piracy, human trafficking, drug smuggling, and illegal fishing are heightened in these regions. Furthermore, trespassers and illegal immigrants often utilize sea routes to infiltrate various nations. Traditional methods for maintaining marine security, such as physical patrols, are insufficient due to the vastness of the sea and the difficulty of detecting ships. Satellite communication technology offers a solution by providing real-time imaging and location data. This intelligence can be transmitted to coastal defense units, enabling them to disrupt illegal activities and enhance overall security.

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Satellite Communication Market In Defense Sector Segmentation

  • Application
    • Surveillance and tracking
    • Remote sensing
    • Disaster recovery
    • Others
  • Geography
    • North America
    • Europe
    • APAC
    • South America
    • Middle East and Africa

The market witnesses several challenges, which are as follows In the defense sector, the production and procurement of satellite communication systems entail significant challenges due to the stringent requirements of the space environment. The complexities and escalating costs of manufacturing and launching advanced satellites necessitate substantial investments. Key factors contributing to these expenses include the use of specialized materials and technology for construction, as well as the high maintenance costs of transponders, which can amount to hundreds of thousands of dollars annually. The minimum monthly cost for bandwidth per MHz is set at approximately USD3,500. Consequently, the development and deployment of satellite communication systems in the defense sector necessitate substantial financial resources and expertise.

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Some of the key companies that have been profiled in the report include: 

  • Airbus SE
  • Cobham Ltd.
  • EchoStar Corp.
  • Elbit Systems Ltd.
  • Eutelsat S.A.
  • General Dynamics Corp.
  • Honeywell International Inc.
  • Indra Sistemas SA
  • Inmarsat Global Ltd.
  • KVH Industries Inc.
  • L3Harris Technologies Inc.
  • Lockheed Martin Corp.
  • NSIL Corp. Ltd.
  • ORBCOMM Inc.
  • RTX Corp.
  • Thales Group
  • Thuraya Telecommunications Co.
  • Viasat Inc.

Market Research Overview 

The Satellite Communication market within the Defense sector is a significant segment of the broader Global Communications Equipment Market. This market encompasses solutions for Data Transmission, Video Streaming, Internet of Things (IoT), and connectivity through various Frequency Bands and Satcom Spectrum. Key trends include Multi-orbit Communication, with a focus on Low Earth Orbit (LEO) and Geostationary Orbit (GEO) technologies. Driving this market's growth are factors such as the increasing demand for ISR applications and the expansion of military data centers. Technavio forecasts that investments in advanced Satcom infrastructure and equipment will continue to fuel market growth, with a projected CAGR of over 7% during the forecast period. - The Satellite Communication Market In Defense Sector is experiencing significant growth, fueled by the Increased seaborne security threats. Businesses are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Market Research Analysis

The Satellite Communication market in the Defense sector encompasses data transmission, voice communications, video streaming, and IoT connectivity through the use of electromagnetic waves. Frequency bands such as Satcom Spectrum facilitate multi-orbit communication, including terrestrial networks and satellite systems like Geostationary Orbit (GEO) and small satellite constellations. Applications include high-speed internet, navigation, remote sensing, weather tracking, and machine-to-machine communication. Spectrum allocation is crucial for broadband internet access and IoT connectivity in defense applications. Spacecraft in various orbits around Earth provide communications solutions for voice, video, and data transmission to defense organizations, enabling advanced capabilities in areas like weather forecasting, Earth observation, and navigation.


Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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