InsightAce Analytic Pvt. Ltd. announces the release of a market assessment report on the “Global UAV Satellite Communication (SATCOM) Market Size, Share & Trends Analysis Report By Application (Marine Surveillance, Disaster Management, Surveying and Mapping, Industrial Inspection and Monitoring, Military ISR, Agriculture and Forestry, Civil Surveillance, and Cinematography), Drone Type (fixed wing and rotary wing), Frequency Band (Ku Band, Ka Band, X Band, C Band, S Band, L Band, Q Band, and V Band), And Component (Antennae, Amplifier, Upconverter, Downconverter, Analog-to-Digital Converter, Digital-to-Analog Converter, Modulator, Demodulator, Encoder, Decoder, Scrambler, Descrambler, Multiplexer, Demultiplexer, User Interface, Wiring Solution, Power Unit, and Casing)- Market Outlook And Industry Analysis 2031”
The global UAV Satellite Communication (SATCOM) market is estimated to reach over USD 10.41 billion by 2031, exhibiting a CAGR of 1.56% during the forecast period.
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In 2020, the COVID-19 pandemic significantly negatively influenced the space sector. Due to supply chain disruption and production issues amidst government-enforced border restrictions, major companies in the satellite market saw an unheard-of decrease. Consumer business contracts and other agreements were suspended as a result of this. As a result, the COVID-19 pandemic had an adverse effect on the key market growth in 2020 due to OEMs’ poor production rate and reduced procurement contracts. However, a number of nations are removing the restrictions on trade and travel and opening their borders, which has led to a sophisticated market. The Artemis mission is once again being produced by NASA in 2021. The coronavirus outbreak that swept the nation caused the launch of India’s first geo-imaging satellite (GISAT-1) to be postponed. It is the first earth observation made by the nation.
Further, the Union of Concerned Scientists (UCS) has counted 6,542 artificial satellites orbiting the planet as of January 2021, 3,372 of which are active spacecraft. Image, audio, & video data in the mode of analog and digital signals are transmitted across numerous nodes in a network by artificial satellites. The Satcom industry has changed as a result of the growth of mobile satellites, low-Earth orbit (LEO), and the spread of reusable rocket vehicles for commercial, military, and aerospace uses.
List of Prominent Players in the UAV Satellite Communication (SATCOM) Market:
Market Dynamics:
Drivers-
The use of autonomous technology is based on cloud computing, data analytics, and artificial intelligence. These innovations help to enhance flying operations. The military also uses autonomous technology for various combat activities and for managing the battlefield. Real-time data received from the systems’ actual locations are provided by the sensors that have been installed in them. It is further examined and put to use in tracking and health monitoring systems. It comprises the effectiveness of parts and systems, MRO operations (Maintenance, Repair, and Overhaul), and route mapping and navigational needs. These would reduce operational costs while increasing the overall efficiency of the corresponding systems.
Challenges:
Despite being a relatively recent phenomenon, cyber-security threats to satellite communication pose a serious risk to the long-term viability of satellite systems. These mission-critical vulnerabilities affect the communications, launch systems, tracking and command, and telemetry systems. Such satellite communication aspects strongly rely on trustworthy and secure communication channels. Because satellite and cyberspace activities are interdependent, it is crucial for international organizations to establish a legal standard that would safeguard satellites and their communications. However, market expansion is hampered when transgressions of international law take the form of cyber incidents that seriously harm satellite-based communication.
Regional Trends:
In 2022, North America dominated the market. Increased government expenditure on military and government communication networks is responsible for the expansion. Asia Pacific is predicted to experience a considerable CAGR during the projection period. Countries like China and Japan are significantly responsible for the contribution and growth of this region. The rise of the regional market over the anticipated period is attributable to the rising use of satellite antennas in the communications, IT, aerospace, and automotive industries. Furthermore, because of the modernization of its infrastructure and the increase in travelers engaging in marine and coastal tourism, Europe is anticipated to develop at the second-fastest rate. The proliferation of 5G installations across the country has also boosted the demand for Low Earth Orbit (LEO) satellites to offer backhaul networks for remote or inaccessible locations. LEO spacecraft offer lower latency in Satcom in addition to the technological advancements in geostationary (GEO) satellites that enable high throughput and improved durability.
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Recent Developments:
Segmentation of UAV Satellite Communication (SATCOM) Market-
By Application-
By Drone Type-
By Frequency Band-
By Component-
By Region-
North America-
Europe-
Asia-Pacific-
Latin America-
Middle East & Africa-
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