Satellite Communication Terminal Market Worth US$ 6,030.7 Million, Globally, by 2028 at 6.5% CAGR – Exclusive Report by The Insight Partners

According to our latest market study on “Satellite Communication Terminal Market Forecast to 2028 – COVID-19 Impact and Global Analysis – by Classification and Application,” the market was valued at US$ 3,877.1 million in 2021 and is projected to reach US$ 6,030.7 million by 2028; it is expected to grow at a CAGR of 6.5% from 2021 to 2028.

A portable satellite communication terminal, also known as a hotspot or satellite communicator, is one of the smallest 2-way SATCOM devices. Such satellite communication terminal uses an internal GPS chip for gathering location information. When the SEND option is selected, the location information is sent to a commercial monitoring agency via commercial satellites. The role of the commercial monitoring agency is to forward the information to the respective responding agency. Typically, the purchasers of portable satellite communication devices are involved in activities like mountain biking, hiking, boating, climbing, and flying. Small SATCOM terminals are also useful for individuals who have to work in remote areas, such as foresters, loggers, fishers, geologists, and wildlife staff.

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The Satellite Communication Terminal Market business intelligence report by “The Insight Partners” entails detailed information regarding the dynamics affecting market valuation over the analysis period. It also covers the competitive landscape, market scope, and market segmentation.

Airbus; AVL Technologies; Collins Aerospace; General Dynamics Mission Systems, Inc.; Honeywell International Inc.; L3Harris Technologies, Inc.; NEC Corporation; ST ENGINEERING; Thales Group; and Viasat, Inc. are among the key players profiled during the satellite communication terminal market study. In addition, several other important satellite communication terminal market players were studied and analyzed during the market research study to get a holistic view of the global satellite communication terminal market and its ecosystem.

Enhanced features such as breadcrumb tracking via Google Earth and sending preprogrammed messages are also offered via portable and small SATCOM terminals. Some of the latest devices that provide 2-way communication via satellite are Spot X, Germin InReach mini, Bivy stick blue, and Zoleo satellite communicator, among others. Iridium started its Global Maritime Distress and Safety System service (GMDSS) in 2020. The launch of new GMDSS terminals facilitates access to a fleet of vessels, which are needed by maritime law to maintain the L-band safety service. The demand for portable and small SATCOM terminals is forecasted to grow notably in the coming years due to enhanced utility.

This section of the report identifies various key manufacturers of the market. It helps the reader understand the strategies and collaborations that players are focusing on combat competition in the market. The comprehensive report provides a significant microscopic look at the market. The reader can identify the footprints of the manufacturers by knowing about the global revenue of manufacturers, during the forecast period of 2021 to 2028.

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The trend of customized satellite communication solutions for marine and military ground vehicle applications is increasing day by day. Many new SATCOM solutions help establish uninterrupted communication even when the ship or the military ground vehicle is moving. Satellite communication on the move (SOTM) allows respective defense forces to share data and voice communication effectively and efficiently when traveling in tactical vehicles at speeds of up to 80 mph (130 km/h). As per the location, size, and shape of the military ground vehicle or any ship, the requirement for customized satellite communication terminals is increasing nowadays.

Impact of COVID-19 Pandemic on Satellite communication terminal Market

North America is one of the most significant regions with respect to the adoption and growth of new technologies, owing to favorable government policies to boost innovation. The COVID-19 pandemic impacted certain industries like leisure, travel, and tourism. Aviation, media & entertainment, and telecommunication are significant fields that contribute majorly toward the satellite communication terminal market growth in North America. In April 2020, Nielsen, a US rating agency, estimated that “staying in the home” can lead to a remarkable 60% increase in the amount of content watched. Since many people had to stay at home in the US, Canada, and Mexico, the amount of viewed online and entertainment content went up drastically.

Global Satellite Communication Terminal Market: Regional Analysis

The report offers in-depth assessment of the growth and other aspects of the Satellite Communication Terminal market in important regions. Key regions covered in the report are North America, Europe, Asia-Pacific and Latin America.

Chapter Details of Satellite Communication Terminal Market:
Part 01: Executive Summary
Part 02: Scope of The Report
Part 03: Satellite Communication Terminal Market Landscape
Part 04: Satellite Communication Terminal Market Sizing
Part 05: Satellite Communication Terminal Market Segmentation by Product
Part 06: Five Forces Analysis
Part 07: Customer Landscape
Part 08: Geographic Landscape
Part 09: Decision Framework
Part 10: Drivers and Challenges
Part 11: Market Trends
Part 12: Vendor Landscape
Part 13: Vendor Analysis

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