#Satellite Communication Market size

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Satellite Communication Market - Forecast, 2024-2030

Satellite Communication Market Overview

The Market for Satellite Communication is projected to reach $15.18 billion by 2030, progressing at a CAGR of 9.4% from 2024 to 2030. Satellite communication refers to the transmission of data, voice, and video signals using artificial satellites as relay stations. This technology enables communication over long distances, including areas where traditional terrestrial communication infrastructure is unavailable or impractical. Satellite communication systems typically involve the use of ground stations to uplink data to orbiting satellites, which then downlink the data to other ground stations or directly to end-users. These systems are employed in various applications, including telecommunications, broadcasting, navigation, remote sensing, and military operations. The rising demand for various applications such as audio broadcasting and voice communications in end-user industries is analyzed to fuel the growth of the satellite communication industry. The significant adoption of direct-to-home (DTH) in media and entertainment applications is set to positively impact the growth of the market as satellite communication plays a crucial role in communication in providing subscribers with high-quality content. An increase in the use of High Throughput Satellite (HTR) and Low Earth Orbit Satellite for high-speed broadcasting satellite services, cellular backhaul, and other value-added services such as video conferencing, VOIP is set to be the major driver for the growth of the market. The rising adoption of satellite telemetry, automatic identification systems, and Very Small Aperture Terminal markets with improved uplink frequency will drive the market growth.

𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐒𝐚𝐦𝐩𝐥𝐞

Report Coverage

The report based on: “Satellite Communication Market – Forecast (2024-2030)”, by IndustryARC covers an in-depth analysis of the following segments. By Technology: Satellite Telemetry, AIS, VSAT and Others. By Communication Network: Satellite Internet Protocol Terminals, Gateways, Modems and others. By Satellite Services: FSS, BSS, MSS, RNSS, Metrological Satellite Services, SBS, RSS. By Communication Equipment: Network Equipment, Consumer Devices. By End User: Commercial (Power and Utilities, Maritime, Mining, Healthcare, Telecommunication & others), Government & Military (Space Agencies, Defence, Academic Research & others). By Geography: North America (U.S, Canada, Mexico), Europe (Germany, UK, France, Italy, Spain, and Others), APAC (China, Japan India, South Korea, Australia and Others), South America (Brazil, Argentina and others), and ROW (Middle East and Africa).

Key Takeaways

Media and Entertainment is set to dominate the satellite communication market owing to the rising demand from a growing population. This is mainly attributed to the increasing demand for the internet and online streaming services such as Amazon Prime Video, Netflix and so on.

North America has dominated the market share in 2023, however APAC is analysed to grow at highest rate during the forecast period due to the high implementation of 5G in the mobile broadband technologies.

Deployment of 5G, requiring high bandwidth for communication is set to drive the market during the forecast period 2024-2030.

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Satellite Communication Market - Forecast, 2024-2030

Satellite Communication Market Overview

The Market for Satellite Communication is projected to reach $15.18 billion by 2030, progressing at a CAGR of 9.4% from 2024 to 2030. Satellite communication refers to the transmission of data, voice, and video signals using artificial satellites as relay stations. This technology enables communication over long distances, including areas where traditional terrestrial communication infrastructure is unavailable or impractical. Satellite communication systems typically involve the use of ground stations to uplink data to orbiting satellites, which then downlink the data to other ground stations or directly to end-users. These systems are employed in various applications, including telecommunications, broadcasting, navigation, remote sensing, and military operations. The rising demand for various applications such as audio broadcasting and voice communications in end-user industries is analyzed to fuel the growth of the satellite communication industry. The significant adoption of direct-to-home (DTH) in media and entertainment applications is set to positively impact the growth of the market as satellite communication plays a crucial role in communication in providing subscribers with high-quality content. An increase in the use of High Throughput Satellite (HTR) and Low Earth Orbit Satellite for high-speed broadcasting satellite services, cellular backhaul, and other value-added services such as video conferencing, VOIP is set to be the major driver for the growth of the market. The rising adoption of satellite telemetry, automatic identification systems, and Very Small Aperture Terminal markets with improved uplink frequency will drive the market growth.

Report Coverage

The report based on: “Satellite Communication Market – Forecast (2024-2030)”, by IndustryARC covers an in-depth analysis of the following segments. By Technology: Satellite Telemetry, AIS, VSAT and Others. By Communication Network: Satellite Internet Protocol Terminals, Gateways, Modems and others. By Satellite Services: FSS, BSS, MSS, RNSS, Metrological Satellite Services, SBS, RSS. By Communication Equipment: Network Equipment, Consumer Devices. By End User: Commercial (Power and Utilities, Maritime, Mining, Healthcare, Telecommunication & others), Government & Military (Space Agencies, Defence, Academic Research & others). By Geography: North America (U.S, Canada, Mexico), Europe (Germany, UK, France, Italy, Spain, and Others), APAC (China, Japan India, South Korea, Australia and Others), South America (Brazil, Argentina and others), and ROW (Middle East and Africa).

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Key Takeaways

Media and Entertainment is set to dominate the satellite communication market owing to the rising demand from a growing population. This is mainly attributed to the increasing demand for the internet and online streaming services such as Amazon Prime Video, Netflix and so on.

North America has dominated the market share in 2023, however APAC is analysed to grow at highest rate during the forecast period due to the high implementation of 5G in the mobile broadband technologies.

Deployment of 5G, requiring high bandwidth for communication is set to drive the market during the forecast period 2024-2030.

Satellite Communication Market Segment Analysis - by Satellite Services

Satellite services is segmented into fixed satellite services, broadcasting satellite services, mobile satellite services, radio navigation satellite services and others. Mobile satellite services is analyzed to hold the highest share in the satellite communication market in 2023 at 39.1% majorly attributed to the high number of subscribers. There are majorly deployed in aeronautical, land, and maritime services for communication thereby contributing to the growth of the market. For instance, SpaceX's Starlink aims to roll out a commercial satellite-to-phone service in 2024, starting with SMS, then expanding to voice, data, and IoT connectivity by 2025. Advertising on their website, they emphasize compatibility with unaltered LTE phones for setup. In November 2023, The Indian Space Research Organization (ISRO) and NASA are launched a collaborative Earth observation satellite in the first quarter of the upcoming year, as confirmed by the deputy minister for science and technology.

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Satellite Communication Market Segment Analysis - by End User

Media and Entertainment segment is set to dominate the market in 2023 at 25.9%. The significant rise in usage of services like Netflix, Amazon Prime Video, YouTube and so on for entertainment is set to contribute to the growth of the market. Adding to this, the breakout of COVID-19 has led to the high traffic in entertainment applications due to lockdowns implemented in various countries. This is set to be a major contributing factor for increasing demand for higher bandwidths resulting in the growth of the market during the forecast period. The Telecom and IT segment is analysed to grow at significant rate during the forecast period, majorly attributed to the deployment of technologically advanced internet connectivity solutions in the majority of the firms. All these factors are together impacting the growth of the satellite communication market. As a result, growing the demand for satellite services continues to surge across various sectors, driven by advancements in communication technology and expanding applications

Satellite Communication Market by Geography - Segment Analysis

North America is analyzed to be the dominant region in 2023 at 43%, followed by APAC and Europe. This is mainly attributed to the high adoption of advanced technologies in the region alongside the large infrastructural development for the implementation of high broadband services. APAC is anticipated to showcase the highest growth rate during the forecast period 2024-2030. This is majorly due to the high number of satellite launches aimed at communication. For instance, India launched GSAT-24, a communication satellite, in mid-2022. The satellite is built by ISRO for NewSpace India Limited (NSIL), a government company under the Department of Space. GSAT-24 is a 24-ku band satellite that weighs 4180 kg. Adding to this, the development of advanced technologies in countries such as China and South Korea is set to elevate the market growth rate. In December 2023, China became a pioneering force in 5G, boasting over 3 million base stations and extending services to 750 million mobile users and 17,000 factories. This technological advancement solidifies China's position as a global leader in both the deployment and commercialization of 5G infrastructure. These factors are set to boost the market growth during the forecast period 2024-2030.

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Satellite Communication Market Drivers

Growing demand for Maritime Satellite Communication

The increasing demand for maritime satellite communication is significantly set to contribute to the growth of the market. The growing concern for the safety of the people at the borders is creating a dire need for communication. This is set to impact the growth of the maritime communication satellite market. In February 2022, The Russian Satellite Communications Company (RSCC) 's maritime VSAT network expanded to 400 vessels, including 373 sea-going and river ships, along with 27 ice-class ships, including 12 icebreakers. This marks a significant milestone for the Russian Satellite Communications Company in providing connectivity to maritime fleets. This is mainly attributed to providing satellite Automatic Identification System (AIS) data used for ship tracking and specific maritime projects.

Increased Investments for Deployment of 5G

The rise in demand for the 5G and the rising investments for the infrastructure development is to boost the wireless connectivity market. However, the deployment of 5G requires high bandwidth resulting in the launch of satellites thereby contributing to the growth of the satellite communication market. In 2022, For the deployment of 5G, SpaceX has received approval to launch nearly 12,000 starlink internet satellites. Therefore, the launch of these satellites is set to drive the satellite communication market.

Satellite Communication Market Challenges

Space Debris Hindering Launch of Satellites

The presence of space debris is set to pose severe challenges to the communication satellite market. In 2022, the ESA's Space Environment Report reported that over 30,000 pieces of space debris have been recorded and are regularly tracked by space surveillance networks. Space debris poses a significant threat, hindering satellite launches due to collision risks. This dead satellite is also a liability for other satellites that are on a similar trajectory as it’s a popular spot to deposit communications and surveillance satellites. The presence of dead satellites is resulting in the space debris is posing a severe threat to the various other satellites as well as the environment. These factors are set to hinder the growth of the market.

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Satellite Communication Market Landscape

Partnerships, acquisitions, collaboration, technological innovation along with product launches are the key strategies adopted by the players in the Satellite Communication Market. The top players of the market include AsiaSat, Hughes, Bharti Airtel, Space Star Technology, Airbus SE, Thales Group, L3Harris Technologies Inc., Swarm Technologies, Inc., Viasat, Inc., General Dynamics, among others

Acquisitions/Technology Launches/Partnerships

In September 2022, Hughes Communications India has launched India's first High-Throughput Satellite broadband service, utilizing ISRO's GSAT-11 and GSAT-29 satellites along with Hughes JUPITER™ Platform ground technology. It delivers high-speed connectivity across India, supporting enterprise and government networks, community internet access, SD-WAN solutions, mobile network extension, and satellite internet for small businesses.

In November 2023, Viasat, Inc. and Skylo Technologies introduced the world's inaugural global direct-to-device (D2D) network, revolutionizing connectivity for consumers, businesses, and governments worldwide. Leveraging Viasat's expertise in satellite communications and Skylo's non-terrestrial network (NTN) services, this partnership unlocks vast potential for direct connectivity.

In July 2023, the SYRACUSE 4B secure military communications satellite, developed by Airbus and Thales Alenia Space, was triumphantly launched from the Guiana Space Center. This historic event marked the final mission for the Ariane 5, Europe's esteemed heavy launcher.

[amrutmnm]

Technological Advancements Driving the SATCOM Equipment Market

The satellite communication (SATCOM) equipment market is projected to grow from USD 24.27 billion in 2024 to USD 41.51 billion by 2029 at a CAGR of 11.3% from 2024 to 2029. The SATCOM equipment market has grown significantly over the past few years, driven by the need for high-speed, reliable communications networks in remote areas, the development of the commercial space industry, and the wide use of satellite technology in both military and government applications. Technological advancements, such as smaller, more efficient satellites and software-defined networking (SDN) and virtualization technologies, are also boosting the market. The surging demand for Ku- and Ka-band satellites and the growing fleet of autonomous and connected vehicles in the military and commercial sectors are adding to the growth. The market is also witnessing the development and deployment of LEO satellites and advanced antenna systems.

[aerospace-and-defence]

The Drone Package Delivery Market is projected to grow from USD 228 million in 2022 to USD 5,556 million by 2030, at a CAGR of 49.0% from 2022 to 2030.

Technological advancements like VTOL, geospatial mapping, IoT, and machine learning result in higher accuracy in package delivery are some of the factors fueling the growth of the Drone Package Delivery Industry. AI is the next focus of the drone industry. This new technology is expected to enable drones to perform all tasks, right from their launch and navigation to data acquisition, data transmission, and data analysis. In addition,advancements in technology of drone will help in carrying out drone package delivery operations autonomously and safely, thereby contributing to their increased adoption in the drone delivery ecosystem.

[futuretonext]

The Global 5G Satellite Communication Market is projected to grow at a CAGR of around 28.91% during the forecast period, i.e., 2023-28. The market is driven primarily by the integration of advanced technologies like the Internet of Things (IoT), Artificial Intelligence (AI) & autonomous technologies into 5G satellite communication in various applications across sectors like defense, government, consumer goods, energy & utility, and many others to provide better connectivity in the current networking infrastructure.

[pravalika]

Maritime Satellite Communication Market - Forecast (2023 - 2028)

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[zedecksiew]

THE UNIVERSAL COMMUNE

Ylang, a yellow sun on a distant shoal of the immersea. When the Star Imperium collapsed Ylang was spared the worst depredations, due to distance. It did not escape unscathed.

Oort-wards in order, the Ylang system is:

+ Verre, an agni-class world, molten seas. + Tesh, a bhumi-class world, on the warmer end. ++ Belt of Tesh, ice, rock, satellite debris. +++ Tesh Exchange, a moon-sized astropolis. + Ylang's End, a belt of wrecked starships. ++ Ylang's Gate, an immersea teleportal, dead. + Rake, a bhumi-class world, on the colder end. + Irrusine, a vata-class gas giant, blue-faced. ++ Irrusine Siphon, a moon-sized astrofactory. + Pravine, a vata-class gas giant, red-faced. ++ Pravine's Eye, an immersea tearpoint, buoys. + Gak-Gak, an asthi-class world, atmosphere-less.

+

VERRE an agni-class world, molten seas.

Genemod-adaptation to Verre's fury give its children a silver pallor. They are the a martial people, the Ve; for generations they were gripped by blood-feuds, by warlordism.

Then the god-heroine Ayesha crushed the great houses, crashed their orbiting cruisers. It was Ayesha who forged a new Ve upon the Stone of Ecumen, and raised their choired voice; it was Ayesha who called on Rake and Tesh for union.

Following Ayesha's example, every Ve child puts a hand over their heart and swears to defend universal communism.

The Stones are fortress-cities with walls of mile-high obsidian; these shelter creches and gardens and markets from the planet's heat---most of the planet's heat. Who are the Ve, if not a people born in fire?

+

TESH a bhumi-class world, on the warmer end.

Wears its overgrown craters like a veteran wears scars. Its air is fresh again, after centuries of care. Its forests green again. Its nightward face darker than you'd expect.

You fly over the gleaming jag of Imperium-era urban centres---now quiet monuments to history's follies. The landing port is a fuel line bordering a dusty field.

You did not expect the Commune's founding world to feel this provincial. The local town is coastal; its ranches fade into foliage.

The Teshi are obliged to spend so much time in cold orbit; when planetside they prefer the company of warm, breathing things. In deep forest glades there are shrines to small deities and animal spirits.

+

TESH EXCHANGE a moon-sized astropolis.

Rises from the Belt of Tesh like a mountain breaching cloud. The bustle of traffic: exo-system trade flotillas; patrol squadrons; passenger fleets.

The warden assigned to your arrival is on comms. She greets you with the customary Teshi formula: "Be welcome home, returner."

Built pre-collapse, the Exchange serves as Ylang's primary bazaar once more. The outer sections are occupied. The inner sections were seeded with forests, and left to grow wild and weird; now they harbour heterodox sects, contraband caches, ghost AIs.

A glaring security risk. A commissar (usually Rakish) will bring this issue up every cycle. A station warden (usually Teshi) will shrug, and say: "the Green Mothers keep their own."

+

RAKE a bhumi-class world, on the colder end.

Rakish ingenuity melted its glaciers and formed it into a flowing paradise. All without Imperium techno-sorcery!

They are perhaps too smug about this. It is said of Rakish communards that they see themselves as first among equals---that they have a saviour complex. When the Assembly discusses expansion (spatial or ideological), it is often the voice of Rake that rings loudest.

Farm and factory co-ops the size of cities. Space elevators pulse like metronomes. On the way down you are assigned a drone liaison.

"I am LED," the android intones. "God-AI of planet-wide logistics. Let me know your purpose, and I shall assist."

+

IRRUSINE SIPHON a moon-sized astrofactory.

Irrusine Antimatter was a minor corpostate of the Star Imperium; its human citizens wiped themselves out in interdepartmental warfare sometime post-collapse.

Its artificial administrators remained.

Free from the logics of profit, Irrusine's AI choir mainly desires continued function. They are gardeners of the gas giant that fuel them. They make staunch but dispassionate communards. Mutual aid just makes mathematical sense? No more, no less.

Immigrants now equal AI drones in number. Friction flares now and again, but never too badly---you need only look at the mummy-pods that girdle the station to remember that flesh is more perishable than AI quantum-circuitry.

+

PRAVINE'S EYE an immersea tearpoint, buoys.

With Ylang's Gate shut the Eye is the system's main passageway.

Reality is threadbare, here. Beacons broadcast warnings, a strict transit schedule. If you jump queue you risk collision and para-real phenomena.

There are merchant trains bringing ur-mercury and exoplutonics, whales and refugees. There are tankers leaving with antimatter fuel and Verre-milk and revolutionary psi-dramas.

There are mass drivers, watchstations. The polities of the core systems---the Ansible League; Viridia-Twelvecent-Rogex; the Hundred Houses---many of these are predators. The Commune builds more kill-cruisers, these days.

+

GAK-GAK an asthi-class world, atmosphere-less.

A dead planet, never colonised before the Universal Commune. Its settlement was a test---a way to prove that the ideals of communards will spark life in the most sterile of worlds.

The older habs are matrices of interconnected diamonds, in echo of the UC sigil. Eight-star and open-palm motifs everywhere. Your market guide points this out before you can. He apologises for the gauche fervour of his forbears.

"We are way more chill nowadays," he says.

Now hab-complexes twinkle across Gak-Gak's surface; and Gakki shipwrights launch the sleekest, most luxuriant colony vessels.

++++++

I have been playing Starsector, recently. I am really bad at it? But it has given me a space-opera itch to scratch. So here it is.

Not sure why I went with space communism. Personal inclination, I suppose? And you don't really see it much, in sci-fi fiction or games, relative to all the gear porn and mega-industry and corpo-democracies. (The United Federation of Planets is not communist, folks ...)

The bits about Irrusine Siphon are a tentative prod at an idea I've had for a while: the notion that an artificial intelligence without limits / gone rampant / outgrowing its human makers might go in the opposite direction sci-fi bros fear? What if an AI crunches the numbers, with as complete a dataset as is possible, and concludes that conciliation and cooperation is truly the mathematically best way to function?

What if reality is ultimately and objectively more Kropotkin than bloody social-Darwinist?

Tesh is a discount Valley of the Na, and this whole thing owes all to Le Guin's Ekumen.

Anyway:

I don't write a lot of sci-fi stuff. But it's fun!

+

( Image sources: https://www.starwars.com/databank/vader-s-castle http://www.simonstalenhag.se/tftl.html https://nerdist.com/article/cowboy-bebop-episode-guide-14-bohemian-rhapsody/ https://www.artstation.com/artwork/kZWa6 https://www.goodfon.com/wallpaper/distant-outpost-kosmos-poyas.html https://www.graphicdesignforum.com/t/how-the-soviet-space-age-was-imagined-by-artists-of-the-era/6803 )

[dehaat-india]

Agriculture Marketplace for Farmers

In the vast and ever-evolving landscape of agriculture, farmers find themselves at the heart of a dynamic marketplace that is continually shaping the future of food production. With technological advancements and changing consumer preferences, the agricultural marketplace has become more intricate, offering farmers a plethora of opportunities and challenges. This article explores the friendly terrain of the agriculture marketplace, highlighting how farmers can cultivate success in this modern era.

The Digital Dawn:

One of the most transformative developments in recent years is the advent of digital platforms designed to connect farmers with markets, suppliers, and technology. These user-friendly platforms empower farmers by providing them with real-time information on crop prices, weather forecasts, and innovative farming practices. From online marketplaces to mobile apps, technology has become an indispensable tool for farmers looking to optimize their operations and make informed decisions.

Seeding Innovation:

The agriculture marketplace is a fertile ground for innovation, with a variety of cutting-edge technologies designed to enhance productivity and sustainability. Precision farming, for example, allows farmers to tailor their approach to each individual crop, optimizing resources and minimizing environmental impact. Drones and satellite imagery enable farmers to monitor their fields with unprecedented precision, ensuring that crops receive the care they need. Embracing these innovations can not only boost yields but also contribute to a more sustainable and efficient agricultural ecosystem.

Market Access for All:

The modern agriculture marketplace is characterized by inclusivity, providing a platform for farmers of all sizes, from smallholders to large-scale operations. Online marketplaces and cooperatives facilitate direct connections between farmers and buyers, eliminating unnecessary intermediaries and ensuring fair prices for agricultural produce. This democratization of market access empowers smaller farmers to compete on a level playing field, fostering a more equitable and resilient agricultural industry.

Sustainable Practices:

As global awareness of environmental issues grows, consumers are increasingly seeking out sustainably produced food. Farmers are responding by adopting eco-friendly practices that not only benefit the planet but also enhance the marketability of their products. The agriculture marketplace is becoming a hub for sustainable initiatives, promoting practices such as organic farming, regenerative agriculture, and agroforestry. This shift towards sustainability not only meets consumer demand but also ensures the long-term viability of farming for future generations.

Collaboration and Knowledge Sharing:

In the friendly corridors of the agriculture marketplace, collaboration and knowledge sharing are key pillars of success. Farmers are joining forces in online communities, sharing experiences, insights, and best practices. This collaborative spirit extends beyond borders, creating a global network where farmers from different regions can learn from each other and collectively address challenges. By fostering a culture of collaboration, the agriculture marketplace becomes a supportive ecosystem that nurtures growth and resilience.

Conclusion:

The agriculture marketplace is undergoing a remarkable transformation, driven by technology, innovation, and a commitment to sustainability. For farmers, this presents a landscape rich with opportunities to thrive and cultivate success. By embracing digital tools, adopting sustainable practices, and engaging in collaborative efforts, farmers can navigate this friendly terrain with confidence, ensuring a bountiful harvest for generations to come.

[amrutmnm]

The satellite communication (SATCOM) equipment market is projected to grow from USD 24.27 billion in 2024 to USD 41.51 billion by 2029 at a CAGR of 11.3% from 2024 to 2029. The SATCOM equipment market has grown significantly over the past few years, driven by the need for high-speed, reliable communications networks in remote areas, the development of the commercial space industry, and the wide use of satellite technology in both military and government applications. Technological advancements, such as smaller, more efficient satellites and software-defined networking (SDN) and virtualization technologies, are also boosting the market. The surging demand for Ku- and Ka-band satellites and the growing fleet of autonomous and connected vehicles in the military and commercial sectors are adding to the growth. The market is also witnessing the development and deployment of LEO satellites and advanced antenna systems.

[aerospace-and-defence]

The Optical Satellite Communication Market is projected to grow from USD 282 Million in 2023 to USD 1134 Million by 2028, growing at a CAGR of 32.1 % from 2023 to 2028. The Optical Satellite Communication Industry can be linked to the rising deployment of low earth orbit (LEO) satellites and satellite constellations designed for communication purposes. The surge in demand for optical satellite communication can be attributed to several key drivers, including the escalating requirement for dependable high-speed communication networks in remote regions, the growth of the commercial space industry, and and the increasingly widespread integration of satellite technology within military and governmental applications.

The trend toward shrinking satellites, such as CubeSats and SmallSats, opens possibilities for incorporating optical communication technologies into smaller and more cost-effective satellite platforms. Optical communication can help to bridge communication gaps in remote and underserved areas by enabling quick and dependable data transmission in places with insufficient terrestrial infrastructure. Due to the paucity of RF spectrum for communication, there has been increased interest in investigating optical communication options. Regulatory considerations and spectrum constraints in RF communication drive the pursuit of optical solutions.

[stevecarell600]

Space Debris Monitoring And Removal Market Size, Share, Current Insights Analysis by 2032

The global space debris monitoring and removal market size was valued at USD 866.4 million in 2021. The market is projected to grow from USD 942.3 million in 2022 to USD 1,527.7 million by 2029, exhibiting a CAGR of 7.15% during the forecast period.

This information is provided by Fortune Business Insights, in its report titled, “Space Debris Monitoring and Removal Market, 2022-2029.”

Informational Source:

Report Coverage:

The report presents a systematic study of the market segments and thorough analysis of the market overview. A thoughtful evaluation of the current market trends as well as future opportunities is offered in the report. Moreover, it presents an exhaustive analysis of the regional insights and how they help to form the space debris monitoring and removal market growth.

List of Key Players Mentioned in the Report:

Airbus S.A.S (Netherlands)

Astroscale (Netherlands)

ClearSpace (Switzerland)

Electro Optic Systems (Australia)

Lockheed Martin Corporation (U.S.)

Northrop Grumman Corporation (U.S.)

Orbit Guardians (U.S.)

Obruta (Canada)

Share my space (France)

Voyager Space Holdings Inc. (U.S.)

Segments:

Space Debris Removal Segment to Grow at a Greater CAGR Due to Rising Debris Removal Missions by Numerous Space Agencies

Based on application, the market is bifurcated into space debris monitoring and space debris removal. The space debris removal segment is anticipated to show significant growth during the forecast period due to rising development of initiatives by space agencies for the removal of space debris.

1mm to 1cm Debris Size Segment to Dominate Market Owing to Surge in Space Debris

Based on debris size range, the market is segmented into 1mm to 1cm debris size, 1cm to 10cm debris size, and greater than 10cm. The 1mm to 1cm debris size segment dominated the market in 2020 owing to an upsurge in rocket bodies and minor fragments from satellite launches across the world.

Increase in Space Presentation in Low Earth Orbit (LEO) Orbit May Spur Growth of the Segment

Based on orbit type, the market is divided into Low Earth Orbit (LEO) and Geostationary Earth Orbit (GEO). The Low Earth Orbit (LEO) segment is projected to grow at a higher CAGR during the forecast period.

Commericial Segment to be a Quicker Growing Segement and Boosts Market Growth

Based on end use, the market is divided into commercial and defense.

The commercial segment is projected to grow at a higher CAGR during the forecast period due to rising number of private companies in space debris monitoring and removal from the Earth’s orbit.

The global market is segmented based on region into North America, Europe, Asia Pacific, and the Rest of the World.

Drivers and Restraints:

Growing Number of Satellite Launches and Space Exploration Activities to Augment Demand

The abrupt increase in demand for network and communication and network-based services across the world has empowered space launches over the past few years. The Starlink program presented by SpaceX gained sanction from the U.S. Federal Communication Commission (FCC) to unveil a 12000 startling small satellite for the internet constellation. However, the company is commencing to organize a spectrum to add a 30000 startling satellite in future.

Regional Insights:

North America to Lead Backed by Presence of Leading Players

North America is projected to hold the biggest space debris monitoring and removal market share and was valued at USD 268.6 million in 2021. It is predicted to continue its domination during the forecast period, 2022-2029. The U.S. has the biggest space-based companies in comparison with any European and Asian nations.

The European market is estimated to develop at a substantial growth rate during the forecast period. The existence of the European Space Agency (ESA) and additional space-based establishments plays an important role in the space debris monitoring and removal activity from the orbit.

Asia Pacific is projected to make progress at a colossal CAGR during the forecast period. The growth can be credited to the growing demand for space situational consciousness abilities from China, India, and Japan.

Competitive Landspace:

Key Players Sign Significant Contracts to Make Remarkable Changes in the Market

The players operating in the market often employ numerous tactics that will aid the market growth and product demand. Among the pool of strategies, one such notable strategy to expand the business prospect is signing multimillion contracts with government bodies and securing a profitable revenue for their own company.

Key Industry Development:

Jan 2022: Northrop Grumman Corporation signed a contract with the U.S. Space Force to create a radar to track active satellites and debris in high orbits. The agreement is worth USD 341 million. Northrop's radar will be situated in the Indo-Pacific region and will be among the three intended ground-based radar locations for the DARC program. The corporation has plans until September 2025 to develop a radar prototype.

[automotiveanddefense]

Military Aircraft Modernization And Retrofit Market Size

Military Aircraft Modernization And Retrofit Market Size

The global military aircraft modernization and retrofit market size was valued at USD 49.43 billion in 2023. It is estimated to reach USD 60.32 billion by 2032, growing at a CAGR of 2.34% during the forecast period (2024–2032).

Aging fleets and the increasing cost of acquiring new aircraft drive demand for retrofitting and modernization services. Retrofitting allows militaries to extend the operational lifespan of existing aircraft, optimizing performance while reducing maintenance costs compared to procuring new platforms. This is expected to propel market growth.

Get your Free Sample Report today to unlock actionable insights and stay ahead in the game. Click Here @ https://straitsresearch.com/report/military-aircraft-modernization-and-retrofit-market/request-sample

Military Aircraft Modernization and Retrofit Market Segment Breakdown

The military aircraft modernization and retrofit market is segmented by aircraft type and system type, each reflecting unique market dynamics and growth drivers.

By Aircraft Type:

Fixed-Wing: Fixed-wing aircraft, including fighter jets, bombers, and surveillance planes, are a key focus of modernization and retrofit efforts. These platforms require frequent upgrades to improve payload capacity, weapon systems, avionics, and survivability. As they represent the backbone of air forces globally, modernization ensures that fixed-wing aircraft remain effective and relevant for modern warfare scenarios.

Rotary-Wing: Rotary-wing aircraft, including helicopters used for reconnaissance, transport, and attack missions, are also undergoing significant upgrades. Modernization efforts in this segment focus on enhancing flight control systems, weapon systems, and defensive countermeasures to ensure these aircraft can operate effectively in dynamic, multi-threat environments.

By System Type:

Navigation Systems: Upgrading navigation systems is critical to ensure military aircraft can operate effectively in all environments, including GPS-denied situations. Modernization of these systems often involves the integration of advanced sensors, communication networks, and satellite navigation technologies.

Weapon Systems: Weapon systems are a major focus area for retrofit projects, as they directly affect the combat effectiveness of military aircraft. Modernization efforts aim to enhance targeting accuracy, missile guidance, and integration of next-generation armaments.

Head-up Displays: The introduction of advanced head-up displays (HUD) significantly improves pilot situational awareness and combat effectiveness. The retrofit of legacy systems with next-gen HUDs is essential for improving operational efficiency and reducing pilot workload.

Optronic Equipment: The integration of optronic equipment, including infrared sensors and electro-optical systems, improves the aircraft’s ability to detect, track, and engage targets under various conditions, especially in low visibility and adverse weather scenarios.

Fire Control Radars: The upgrade of fire control radar systems enhances the precision and targeting capabilities of military aircraft. Modernization of radar systems improves the ability to detect, track, and engage multiple targets in complex combat environments.

Defensive Systems: Defensive systems such as electronic warfare (EW) systems, countermeasures, and radar jammers are increasingly integrated into legacy aircraft. Retrofitting these systems is essential to ensure aircraft can defend against modern threats like missile attacks and electronic warfare tactics.

Others: This category includes various other systems such as communication suites, avionics, cockpit displays, and flight control systems that contribute to the overall modernization of military aircraft.

Market Segmentation: https://straitsresearch.com/report/military-aircraft-modernization-and-retrofit-market/segmentation

Military Aircraft Modernization and Retrofit Market Geographic Analysis

Geographically, the military aircraft modernization and retrofit market is driven by defense spending in North America, Europe, Asia-Pacific, and the Middle East. North America, led by the United States, holds the largest market share, with significant investments in the modernization of aging military aircraft fleets. In Europe, countries like the U.K., France, and Germany continue to upgrade their aircraft in response to evolving security threats. The Asia-Pacific region, especially China and India, is increasingly investing in modernizing military aircraft to bolster defense capabilities. Meanwhile, the Middle East is also seeing a rise in modernization activities, driven by regional security challenges.

Top Performing Companies in the Market

The military aircraft modernization and retrofit market is dominated by several key players, each contributing advanced technologies and services that enable armed forces worldwide to upgrade their fleets. Leading companies in this space include:

BAE Systems: A global leader in defense and aerospace, BAE Systems offers a wide range of aircraft modernization and retrofit services, focusing on enhancing the capability of legacy military platforms with cutting-edge technologies in avionics, weapons, and defensive systems.

Elbit Systems: Known for its innovative solutions in defense electronics, Elbit Systems plays a pivotal role in modernizing military aircraft, particularly in the areas of cockpit displays, avionics upgrades, and electro-optical systems.

Honeywell: As a major player in avionics, Honeywell’s expertise in developing advanced navigation, communication, and weapon systems has positioned it as a key supplier of modernization solutions for military aircraft.

Israel Aerospace Industries (IAI): IAI’s modernization and retrofit programs focus on enhancing the operational effectiveness of fighter jets, helicopters, and surveillance aircraft. Its solutions include advanced radar, electronic warfare systems, and avionics.

L3Harris Technologies: L3Harris is a leader in providing avionics and communications solutions, offering comprehensive retrofit services for both fixed-wing and rotary-wing military aircraft. Their focus is on improving connectivity, situational awareness, and combat capability.

Leonardo: With a broad portfolio of aerospace and defense systems, Leonardo specializes in retrofitting military aircraft with state-of-the-art navigation, radar, and electronic warfare technologies.

Lockheed Martin: As one of the largest defense contractors globally, Lockheed Martin plays a central role in modernizing both legacy aircraft and cutting-edge platforms. Their retrofit solutions enhance radar, weapons systems, and avionics for greater performance and operational flexibility.

Buy Full Report: https://straitsresearch.com/buy-now/military-aircraft-modernization-and-retrofit-market

[rameshindustryarc]

𝐓𝐡𝐞 𝐄𝐯𝐨𝐥𝐮𝐭𝐢𝐨𝐧 𝐨𝐟 𝐒𝐚𝐭𝐞𝐥𝐥𝐢𝐭𝐞 𝐌𝐨𝐝𝐞𝐦𝐬 𝐢𝐧 𝐌𝐨𝐝𝐞𝐫𝐧 𝐓𝐞𝐥𝐞𝐜𝐨𝐦𝐦𝐮𝐧𝐢𝐜𝐚𝐭𝐢𝐨𝐧 (𝐋𝐚𝐭𝐞𝐬𝐭 𝐈𝐧𝐟𝐨𝐫𝐦𝐚𝐭𝐢𝐨𝐧)-IndustryARC™

Satellite modem or satmodem is an enhanced communication solution designed to establish data transmissions using a communications satellite as a relay. The prime function of a satellite modem is to convert an input bitstream into a radio signal and vice versa. Furthermore, satellite internet modem in communication is intended to use artificial satellites to offer communication links between various points across the earth. In addition, satellite modem market opportunity is significantly driven by the rise in trend of digitization in the Internet of Things solutions during the forecast period.

The satellite modem transforms digital data into carrier frequency for transfer to an amplifier and antenna for transmission to the satellite. Moreover, rise in demand for high-speed network communication solutions across military & defense, enterprise, and government sectors is expected to offer significant opportunities for the satellite modem market growth.

The satellite modem share is expected to witness notable growth during the forecast period, owing to increase in number of high-throughput satellites. Furthermore, surge in need for enriched high-speed data communication has driven the growth of the market. Moreover, increase in demand for satellite communications in Internet of Things (IoT) is expected to propel the satellite modem market size during the forecast period.

The global satellite modem outlook is segmented into satcom channel type, technology, application, end user, and region. On the basis of channel type, the market is bifurcated into SCPC modem and MCPC modem. The SCPC modem segment dominated the market, in terms of revenue, in 2020, and is expected to follow the same trend during the forecast period. By technology, it is divided into VSAT, satcom-on-the-move, satcom-on-the-pause, and others.

𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐚𝐠𝐞𝐬

The global satellite modem market was valued at $354.6 million in 2020, and is projected to reach $1033.4 million by 2030, registering a CAGR of 16.5% from 2021 to 2030.

[global-research-report]

Market Growth 2025-2030: Connected Logistics in the Digital Era

The global connected logistics market size is expected to reach USD 86.57 billion in 2030 and is expected to grow at a CAGR of 14.9% from 2025 to 2030. The term ‘connected logistics’ refers to a collection of tools, and platforms, including hardware and software, that enable real-time tracking of commodities sent by land, rail, air, and sea routes.

To facilitate shipment, it communicates logistical and pertinent data such as tracking and traceability with every participant in the supply chain, such as manufacturers, suppliers, and customers, among others. By integrating several linked platforms, these solutions aid businesses in enhancing information flow during shipment and delivery using RFID chips. Connected logistics provides improved warehouse management using technologies such as the Internet of Things (IoT), blockchain, virtual reality, and big data, among others.

Connected logistics has enhanced the efficiency of last-mile delivery with the aid of communication devices and tracking devices. Connected logistics aid in the efficient management of supply chain security, freight traffic, and routing of the fleet by minimizing the cost of the transport. Additionally, technologies such as vibration monitoring and global positing system (GPS) aid in performance optimization and provide position tracking for each fleet vehicle. Connected logistics have significantly improved risk resilience planning.

Thus, increased demand for improved warehouse management and rising demand for efficient supply chain management among others are the factors fueling the growth of the target market. The demand for intelligent transportation solutions is anticipated to rise significantly overall, as well as in the logistics sector. It is expected that logistics 4.0 and ongoing work on autonomous logistics trucks will present lucrative opportunities for the target market's expansion.

Logistics 4.0 uses analytics, data, the internet of things, and automated decision-making solutions to improve operational efficiency and performance. For instance, in April 2022, Daimler trucks, with its independent auxiliary Torc Robotics, started testing their autonomous trucks, which operate on four levels of autonomous driving in the U.S. Additionally, autonomous trucks are increasingly gaining traction across the logistics industry owing to rising shortage of drivers, increased safety and improved efficiency.

The increasing implementation of logistics 4.0 and ongoing efforts to develop autonomous logistics vehicles are predicted to give profitable opportunities for the target market's growth over the forecast period. Additionally, the necessity to reduce the cost of shipping and storage services is propelling the demand for connected logistics products and solutions. The need for intelligent transportation solutions is anticipated to rise significantly. The declining cost of loT sensors and connected logistics hardware is one of the driving factors of the target market growth.

The COVID-19 pandemic led to disruptions in the global supply chains. In addition, the state and federal governments announced the lockdowns and border closures, which halted the shipment of the goods. However, the pandemic accelerated the adoption of technologies such as the internet of things (IoT), automation, and robotics, among others, in the logistics sector.

For instance, according to a report by Inmarsat, a leader in mobile satellite communications, “Owing to the pandemic, 90% of the transportation and logistics firms have adopted or are planning to adopt the deployment of Internet of Things (IoT) projects. Additionally, there has been a shift from electronic data to app-based program interfaces with cloud integration, enabling logistics companies to connect with e-commerce platforms.

Connected Logistics Market Report Highlights

The hardware segment dominated the market in 2024. The sensors are the largest sub-segment of hardware components in terms of revenue owing to the increasing demand for asset tracking

The services segment is anticipated to expand at the fastest CAGR during the forecast period. The high rate of outsourcing business functions contributes to the increasing demand for managed services

The roadways segment dominated the market in 2024. This dominance can be attributed to the growing need for reduced traffic congestion, road safety, and increasing government initiatives in infrastructure development

The retail and e-commerce segment is anticipated to expand at the fastest CAGR. The growth can be attributed to the increasing preference for online shopping among consumers

Connected Logistics Market Segmentation

Grand View Research has segmented the global connected logistics market report based on component, transportation mode, vertical, and region.

Connected Logistics Component Outlook (Revenue, USD Million, 2017 - 2030)

Hardware

RFID Tags

Sensors

Communication Devices

Tracking Devices

Others

Software

Warehouse Management

Fleet Management

Freight TransportationManagement

Asset Tracking and management

Data Management and Analytics

Others

Services

Consulting

Integration and Deployment

Support & Maintenance

Managed Services

Connected Logistics Transport Mode Outlook (Revenue, USD Million, 2017 - 2030)

Roadways

Railways

Airways

Waterways

Connected Logistics Vertical Outlook (Revenue, USD Million, 2017 - 2030)

Retail & E-commerce

Automotive

Aerospace & Defense

Healthcare

Energy

Electronics & Semiconductors

Others

Connected Logistics Regional Outlook (Revenue, USD Million, 2017 - 2030)

North America

US

Canada

Mexico

Europe

Germany

UK

France

Asia-Pacific

China

India

Japan

Latin America

Brazil

Middle East & Africa

Order a free sample PDF of the Connected Logistics Market Intelligence Study, published by Grand View Research.