Satellite Communication (SATCOM) Equipment Market worth $41.51 billion by 2029 - Exclusive Report by MarketsandMarketsTM

DELRAY BEACH, Fla. , Nov. 14, 2024 /PRNewswire/ -- 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 MarketsandMarketsTM.



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..