At 6.6% CAGR, the North America Satellite Communication Terminal Market is projected to be worth US$ 2,214.65 million by 2028, says The Business Market Insights

According to the Business Market Insights’ research, the North America satellite communication terminal market was valued at US$ 1,612.61 million in 2023 and is expected to reach US$ 2,214.65 million by 2028, registering a CAGR of 6.6% from 2023 to 2028. Growing need for uninterrupted connectivity and increasing demand for defense satellite communication solutions are the critical factors attributed to the North America satellite communication terminal market expansion.  

The need for uninterrupted connectivity is growing notably across various domains across the region. Satellite communication terminals are used across respective applications in various areas such as weather forecasting, media and entertainment, aviation, television, internet, space, and telecommunication. Various technological developments with respect to SATCOM terminals considerably contribute to market growth. The growing requirement for communication on-the-move solutions for platforms like military vehicles, commercial vehicles, boats, and trains are driving the demand for respective satellite communication terminals notably. With the launch of new airlines and a rise in investment in the aviation sector, the need for enhanced operational efficiencies and air traffic control is expected to grow significantly soon. Thus, the growing telecommunication sector, media & broadcasting industry, and aviation sector are expected to drive the need for satellite communication terminals for uninterrupted connectivity.

On the contrary, high costs of satellite communication terminals hurdles the growth of North America satellite communication terminal market.

Based on classification, the North America satellite communication terminal market is segmented into C band, X band, S band, Ku band, and Ka band. The X band segment held 33.3% market share in North America satellite communication terminal market in 2023, amassing US$ 537.25 million. It is projected to garner US$ 753.87 million by 2028 to expand at 7.0% CAGR during 2023–2028.

Based on application, the North America satellite communication terminal market is segmented into military use and civil use. The military use segment held 75.0% market share in 2023, amassing US$ 1,208.73 million. It is projected to garner US$ 1,609.85 million by 2028 to expand at 5.9% CAGR during 2023–2028.

Based on satellite type, the North America satellite communication terminal market is segmented into GEO, MEO, and LEO. The GEO segment held 51.5% market share in 2023, amassing US$ 830.81 million. It is projected to garner US$ 1,041.01 million by 2028 to expand at 4.6% CAGR during 2023–2028

Based on country, the North America satellite communication terminal market has been categorized into the US, Canada, and Mexico.  Our regional analysis states that the US captured 73.6% market share in 2023. It was assessed at US$ 1,187.68 million in 2023 and is likely to hit US$ 1,607.83 million by 2028, exhibiting a CAGR of 6.2% during the forecast period.     

Key players dominating the North America satellite communication terminal market are Airbus SE; AVL Technologies; Collins Aerospace; General Dynamics Mission Systems Inc; Gilat Satellite Networks Ltd.; Honeywell International Inc; L3Harries Technologies Inc; NEC Corp; Singapore Technologies Engineering Ltd; Thales SA; and Viasat Inc among others.   

• In Feb 2023, The Egyptian Ministry of Military Production (MoMP) signed a deal with the U.S. defense company General Dynamics for the procurement of mobile SATCOMs-on-the-move 20M (SOTM) communication terminals

Contact Us
Phone: +16467917070
Email Id: sales@businessmarketinsights.com