Global Satellite Ground Station Equipment Industry Report 2024-2030 with Focus on Players Such as Gilat Satellite Networks, Hughes Network Systems, Novelsat, ViaSat, and VT iDirect

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Feb 26, 2024, 17:01 ET

DUBLIN, Feb. 26, 2024 /PRNewswire/ -- The "Satellite Ground Station Equipment - Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.

Global Satellite Ground Station Equipment Market to Reach $125.4 Billion by 2030

The global market for Satellite Ground Station Equipment estimated at US$55.9 Billion in the year 2022, is projected to reach a revised size of US$125.4 Billion by 2030, growing at a CAGR of 10.6% over the analysis period 2022-2030. NOC Equipment, one of the segments analyzed in the report, is projected to record a 11.9% CAGR and reach US$63.2 Billion by the end of the analysis period. Growth in the Vsat Equipment segment is estimated at 11% CAGR for the next 8-year period.

Innovations and advancements by select players are shaping the landscape of satellite ground station equipment, with a diverse range of companies exhibiting strong, active, niche, or trivial market presence globally.

Satellite communication intricacies, from ground to space, highlight the significance of ground equipment in facilitating seamless satellite communication infrastructure. The global market outlook reflects key trends, drivers, and restraints influencing market trajectory, with analysis by component shedding light on critical aspects.

An introduction to satellite ground station equipment provides insights into its application markets and the obstacles and resolutions encountered in ground-based satellite station service and operations. Recent market activity and influencer market insights offer valuable perspectives for industry stakeholders navigating this dynamic landscape.

The U.S. Market is Estimated at $22.8 Billion, While China is Forecast to Grow at 12.5% CAGR

The Satellite Ground Station Equipment market in the U.S. is estimated at US$22.8 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$18 Billion by the year 2030 trailing a CAGR of 12.5% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 9.3% and 10.6% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 10.1% CAGR.

MARKET TRENDS & DRIVERS

Market Bustles with Dynamic Satellite Activity
Classification of Satellites
Increase in Space Exploration Missions Drive New Satellite Launches, Driving Market Opportunities
Demand for Satellites to Increase Stupendously through this Decade End
Increased Emphasis on Enhancing National Security
Buzzing Dynamics Aiding Satellite Ground Station Equipment Market to Scale Impressive Heights
New Space Developments Disrupt the Satellite Ground Stations Sector
Automation as Prominent Trend in the Satellite Ground Station Arena
Ground Stations Utilize AI & ML to Enable Ground-Based Space Situational Awareness
AI Boasts Futuristic Advances for Space & Satellite Domains
Artificial Intelligence Finds Pivotal Role in Next Generation Satcom Ground Stations
Creating AI-Powered Solutions to Automate Ground Station Maintenance for Next-Generation Satcoms
Emerging Applications and Trends to Influence Satellite Communications
Market to Gain from Influx of High-Performance Antennas
Increasing Exploitation of S-Band Sets Perfect Ground for S-Band Antennas
Great Opportunities to Unlock Potential of ESAs in Replacing Parabolic Antennas, but Obstacles to Growth Remain
Technology Advancements Improve Performance and Functionality of Satellite Communications
Growing Emphasis on Earth Observation to Drive Demand for Ground Station Equipment
Advances Setting Pace for Earth Observation Programs
Additive Manufacturing for Creating Components & Equipment of GPS Satellites to Gain Traction
Continuing Efforts by Military Organizations to Strengthen Satellite Networks to Drive Growth
Focus on Military & Defense Ground Station Solutions
Innovations in Sensor Technology Paving Way for Commercialization of Space Technology
Accelerating Expansion of 5G to Drive Growth
Penetration of 5G & Networking
Market Challenges and Restraints

FOCUS ON SELECT PLAYERS (Total 93 Featured)

Gilat Satellite Networks
Hughes Network Systems LLC
Novelsat
ViaSat, Inc.
VT iDirect, Inc.

For more information about this report visit https://www.researchandmarkets.com/r/km1hfk

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