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Satellite Communication (SATCOM) Equipment Market – What industry insiders tell Us about the future forecast 2024

Satellite communication equipment is expended in an extensive range of applications, such as military,telecommunications, weather monitoring, and navigation. The mounting requirement for continuous communication in several industries and augmented requirement for elevated throughput satellite services are the factors driving the growth of the global satellite communication equipment.

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The mounting requirement for continuous communication in several industries, expanding usage of Internet of Things (IoT), augmented requirement for elevated throughput satellite services, mounting need for customized satcom solutions in the aviation industry, escalating usage of satcom equipment in space exploration, telemetry, and telecommunication expanding requirement for customized satcom solutions in the maritime industry, and mounting fleet of independent and connected vehicles are the primary growth drivers for satellite communication equipment market. Mounting usage of cloud-based services for ground mobility platform, and application of land mobile radios in various industries such as military & defense, and transportation are also facilitating the growth of the satellite communication equipment market.

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Geographically, North America accounted the largest share in the market, due to technological advancement. In addition, high demand for SATCOM equipment from NASA, and the mounting requirement for continuous communication in several industries are also driving the growth of the North American satellite communication equipment market. Asia-Pacific is observed to witness the fastest growth in the market, due to the augmented usage of satellite antennas in automobiles. In addition, the upsurge in digital TV and escalation in the requirement for mobile broadband are also fuelling the growth of the Asia-Pacific market.

Key players in the satellite communication equipment market are catering to the demand of these devices by investing in technologically advanced products intheir product portfolio across the globe. In July 2017, General Dynamics Mission Systems launched HOOK Combat Survival Radio (CSR), a direct line-of-sight voice and encoded two-way data communications, in order to locate and rescue lay down pilots and remote military personnel. General Dynamics,Intellian Technologies, L3 Technologies, Viasat, Gilat Satellite Networks, and Holkirk Communications are the key players offering satellite communication equipment.

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Written by VynZ Research

VynZ Research is a global market research firm offering research, analytics, and consulting services on business strategies. We have a recognized trajectory record and our research database is used by many renowned companies and institutions in the world to strategize and revolutionize business opportunities. The company focuses on providing valuable insights on various technology verticals such as Chemicals, Automotive, Transportation, Energy, Consumer Durables, Healthcare, ICT and other emerging technologies.

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