SATCOM on the Move Market to grow by USD 23.22 billion from 2022 to 2027 | Growth Driven by Rise in demand for customized SATCOM on the move solutions for unmanned ground vehicles (UGVs)- Technavio
NEW YORK, Sept. 11, 2023 /PRNewswire/ -- The SATCOM on the move market by platform (land, airborne, and maritime), end-user (commercial, government, and defense) and geography (North America, Europe, APAC, Middle East and Africa, and South America) - Forecast and Analysis 2023-2027" report has been added to Technavio offering. With ISO 9001:2015 certification, Technavio has proudly partnered with more than 100 Fortune 500 companies for over 16 years. The potential growth difference for SATCOM on the move market from 2022 to 2027 is USD 23.22 billion, according to Technavio. The rise in demand for customized satcom on-the-move solutions for unmanned ground vehicles (UGVs) is a key factor driving the market growth. The SATCOM on the move, SOTM, is a communication system that allows uninterrupted connectivity while the vehicle is in motion. UGVs often go into very remote and hazardous areas where conventional communications systems cannot be relied upon, or cannot be reached. With the aim to ensure uninterrupted operation and data transfer, specially designed satcom solutions allow seamless communication between UGVs and control centers. In the agricultural field, it is also possible to use UGV for precision farming, crop observation, and livestock management. Moreover, the benefits of custom satellite communication solutions and on-the-move solutions have also been recognized by the mining sector. Hence, these factors are expected to drive market growth during the forecast period. Get deeper insights into the market size, current market scenario, future growth opportunities, major growth driving factors, the latest trends, and much more. Buy the full report here
The high cost of satellite services is a significant challenge restricting market growth. Due to a high level of satellite service costs in the global market for SATCOM on mobiles, this issue continues to hamper the development and availability of these technologies. The infrastructure necessary for the provision of this service is a major reason why satellite services cost so much. In addition, the high costs are caused by the fact that there is a limited number of satellite operators on the market. The market for satellites is dominated by a limited number of large players. New competitors are finding this sector very difficult to enter because of the large entry barriers. Consequently, existing players are limited in competition and are able to charge higher prices for their services. Hence, these factors are expected to restrict market growth during the forecast period.
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The SATCOM on the move market has been segmented by platform (land, airborne, and maritime), end-user (commercial, government, and defense) and geography (North America, Europe, APAC, Middle East and Africa, and South America).
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Key Companies in the SATCOM on-the-move market:
Anokiwave Inc., Ball Corp., EchoStar Corp., Elbit Systems Ltd., Electro Optic Systems Pty Ltd., General Dynamics Corp., Get SAT Ltd., Gilat Satellite Networks Ltd., Honeywell International Inc., Kymeta Corp., L3Harris Technologies Inc., ND SatCom GmbH, Novanta Inc., OESIA NETWORKS SL, Ovzon AB, Thales Group, Ultralife Corp., VectorNav Technologies LLC, Viasat Inc., and Turkish Aerospace Industries Inc.
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Historic Market Sizes
Five Forces Analysis
Market Segmentation by Platform
Market Segmentation by End-User
Drivers, Challenges, & Trends
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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