The global satellite ground station equipment market is subject to witness a substantial growth at a CAGR of 7.45% due to the increasing demand for radio frequency (RF) equipment and intermediate frequency (IF) equipment to control and monitor reception of radio waves from stellar radio sources. Use of satellite ground station equipment to monitor extra-planetary telecommunication with spacecraft is expected to drive the growth of market.
The satellite ground station equipment is primarily designed to receive radio waves from stellar radio sources. Increasing adoption of satellite ground station equipment as a terrestrial radio station is propelling market growth in the past few years. Globally, market is predicted to generate massive revenue over next five years, providing numerous opportunities for market players to invest for research and development in the satellite ground station equipment market.
However, higher installation cost and need for regular maintenance are predicted to restrain market growth to a certain extent. Yet, soaring demand for satellite ground station equipment in a wide range of applications such as offshore communication, wireless computer networking, and other wireless communications are driving the growth of satellite ground station equipment market, in the recent years. The satellite ground station equipment are commonly installed under supervision of government authorities in residential or commercial space.
The satellite ground station equipment plays vital role in sending and receiving radio frequency signals or radio waves, and transfer it to the base receivers that are in the close proximity. Growing preference for medium earth orbit (MEO) satellite and low earth orbit (LEO) satellites over the geostationary satellite is expected to boost market growth of satellite ground station equipment over the next five years.
The market is broadly categorized into six major segments based on the network equipment type such as network operations centers (NOCs), test and monitoring equipment, power units, antennas, very small aperture terminals (VSATs) and gateways. The network operations centers (NOCs) is considered as one of the fastest growing segment in the with substantial revenue generation in the last few years. Growing popularity of the network operations centers (NOCs) segment is attributed to the increasing adoption to design, monitor and manage satellite networks.
The market is divided by region as North America, Europe, Asia-Pacific, Latin America and Africa. North America has shown major growth in recent years owing to the rise in the implementation of latest technologies in telecommunication sector, rapid advancement in aerospace sector, rise in the number of research & development activities, and existence of well-established manufacturing infrastructure in the region.
Asia-Pacific region is predicted to hold major market share in the satellite ground station equipment market with massive growth in forecast period. Countries such as India, China and Singapore are leading the Asia-Pacific market with strong economic growth, favorable government policies, shifting focus towards miniaturized satellites, and significant investment by leading industry players considering potential growth opportunities in the region.
The key players in the satellite ground station equipment market are Gilat Satellite Networks, Inc., Harris CapRock Co., Hughes Network Systems, Inc., Viasat, Inc., VT iDirect, Inc., Newtec, Inc., and Norsat International, Inc.
The market is divided into the following segments based on geography:
Satellite ground station equipment market 2018-2022, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
• GILAT SATELLITE NETWORKS
• Hughes Network Systems
• VT iDirect
Research Support Specialist, USA