New York City, NY: Jun 25, 2019 – Published via (Wired Release) – Military SATCOM ground terminals play a vital role in global military communication system. These ground terminals serve as an anchor station for wide-area satellite communications between the ground control segment or reception and the deployed terminals.
The first five-year cumulative revenue (2018–2022) is projected to be more than US$ 26 Bn, which is expected to increase rather moderately over the latter part of the five-year forecast period. The global military SATCOM ground terminal market is expected to value at around US$ 5 Bn in 2019, and is expected to register a CAGR of 6.3%.
Increasing demand for reliable and secure communication system from defense sector, coupled with government initiatives towards modernization and replacing aging equipment are among some major factors expected to drive growth of the global military SATCOM ground terminal market
However, high cost of R&D activities and budgetary constraints for players in developing countries are major factors expected to restrain market growth
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Global Military SATCOM Ground Terminals Market: Market Forecast
The comprehensive research report comprises a complete forecast of the global military SATCOM ground terminals market based on factors affecting the market and their impact in the foreseeable future. According to the forecast projections, revenue from the global military SATCOM ground terminals market is expected to register a CAGR of 6.3% during the forecast period.
Global Military SATCOM Ground Terminals Market: Segmental Snapshot
The market report has been segmented on the basis of product, technology, and region: The product segment includes receiver, transmitter/transponder, transceiver, antenna, and modem/router. The technology segment includes VSAT, SATCOM on the Move, and SATCOM on the Pause. The regions include the North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
By Product: The Antenna segment accounted for highest revenue share contribution in 2017, as compared to other product segments. The transceiver segment is expected to register highest CAGR of over 6.5% over the forecast period
By Technology: The VSAT segment accounted for highest revenue share contribution in 2017, as compared to other technology segments. The SATCOM on the Pause segment is expected to register highest CAGR of over 6%
By Region: The market in North America accounted for highest revenue share in the global military SATCOM ground terminals market in 2017. The Asia Pacific market is expected to register a CAGR of over 6.4%.
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Global Military SATCOM Ground Terminals Market: Competitive Analysis
The research report on the global military SATCOM ground terminals market includes profiles of some of the major companies such as General Dynamics Corporation, L3 Technologies, Inc., Harris Corporation, Cobham plc, Viasat, Inc., Thales S.A., Airbus SE (ND SatCom GmbH), Iridium Communications Inc., Gilat Satellite Networks Ltd., Raytheon Company, United Technologies Corporation, BAE Systems Plc., EchoStar Corporation (Hughes Network Systems LLC.), and Northrop Grumman Corporation
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