Satellite Antenna Market Size & Growth Analysis to 2030

The global satellite antenna market size is expected to grow at a significant CAGR of around 8% during the forecast period and is estimated to reach over USD 4 billion by 2027. The increasing demand for the product in various applications such as maritime interdiction, mobile telecom, and border protection is a major factor to drive the market growth. Furthermore, the increasing demand for satellite miniaturization-hosted payloads and the demand to reduce the satellite cost is further expected to fuel the market growth over the forecast period. Moreover, the rising adoption of small satellites and the growing investment in space exploration projects is expected to boost the market growth over the forecast period.

Market Drivers:

Increasing Demand for Satellite Communication Services: The growing demand for satellite communication services, including television broadcasting, internet connectivity, telecommunication, and remote sensing, is a significant driver for the satellite antenna market. Satellites play a crucial role in providing global coverage and reliable communication in areas where terrestrial infrastructure is limited or unavailable.

Expansion of Satellite TV and Direct-to-Home (DTH) Services: The popularity of satellite television and DTH services continues to increase, driven by factors such as a wide range of channels, high-definition programming, interactive features, and on-demand content. Satellite antennas are essential components for receiving satellite signals and are in demand for residential as well as commercial applications.

Growth of the Aerospace and Defense Sector: The aerospace and defense sector heavily relies on satellite communication for various applications, including military communication, surveillance, reconnaissance, and navigation. With increasing defense spending, modernization initiatives, and the need for secure and reliable communication systems, the demand for satellite antennas in this sector is expected to grow.

Advancements in Satellite Technology: Technological advancements in satellite systems, such as the deployment of high-throughput satellites (HTS) and the emergence of small satellites, have led to increased demand for advanced satellite antennas. These antennas need to be capable of supporting higher frequencies, multiple beams, and efficient data transmission, driving the market for more sophisticated and specialized antennas.

Expansion of the Internet of Things (IoT) and Machine-to-Machine (M2M) Communication: The proliferation of IoT and M2M applications, which require global connectivity and data transmission, is driving the demand for satellite communication systems. Satellite antennas are crucial components in these systems, enabling seamless connectivity and data transfer across various sectors, including agriculture, transportation, energy, and environmental monitoring.

Growing Demand for Earth Observation and Remote Sensing: Satellite antennas play a vital role in receiving data from Earth observation and remote sensing satellites. These satellites are used for environmental monitoring, disaster management, weather forecasting, and other applications. The increasing need for accurate and real-time data in sectors such as agriculture, urban planning, and natural resource management is driving the demand for satellite antennas.

Geopolitical Factors and National Security: Governments around the world are investing in satellite infrastructure to enhance their national security, border surveillance, and disaster response capabilities. This includes the deployment of satellite communication networks and the establishment of ground stations, which require satellite antennas for signal reception and transmission.

Falling Costs of Satellite Services and Equipment: The declining costs of satellite services, satellite equipment, and launch services have made satellite communication more accessible to a broader range of industries and applications. This affordability factor has contributed to increased adoption of satellite antennas in various sectors, further driving market growth.

Market Outlook:

Market Insights:

The global satellite antenna market is bifurcated into components, antenna type, platform, and geography. On the basis of component, the market is further segmented into the reflector, feed horn, feed network, LNB, and others. The reflector segment held the largest market share of over one-third percent of the market in 2020 and is expected to grow at a fast growth rate over the forecast period. The sharp radiation angle, small side lobes, and large back/front ration are some of the major factors driving the segment growth. These factors help the antenna function well in noisy locations and challenging climatic conditions where other types of antennas do not work.

On the basis of platform, the global satellite antenna market is segmented into space, land, maritime, and airborne. The land segment is accounted to grow at the fastest growth rate over the forecast period due to the increasing research and development activities in various application areas such as earth observation, telecommunication, and navigation area. Furthermore, the maritime segment is expected to witness a lucrative growth rate over the forecast period due to the increasing demand for customizable satellites to provide single transmission and reception for military, residential, and commercial applications.

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The satellite antenna comprehensive study analyzes industry trends, market size, competitive analysis, and market forecast – 2021 to 2027. Research Corridor report provides detailed premium insight into the global market and reveals the potential revenue streams, commercial prospects, market drivers, challenges, opportunities, issues, and events affecting the industry. In addition, the report has a dedicated section covering market forecasts and analysis for leading geographies, profiles of major companies operating in the market and expert opinion obtained from interviews with industry executives and experts from prominent companies.

The satellite antenna market research report presents the analysis of each segment from 2018 to 2027 considering 2020 as the base year for the research. The compounded annual growth rate (CAGR) for each respective segment is calculated for the forecast period from 2021 to 2027.

Historical & Forecast Period

• 2018-19 – Historical Year
• 2020 – Base Year
• 2021-2027 – Forecast Period

Market Segmentation:

By Component:

• Reflector
• Feed Horn
• Feed Network
• Low Noise Block Converter (LNB)
• Others

By Antenna Type:

• Parabolic Reflector
• Flat Panel
• FRP
• Horn
• Iron Antenna with Mold Stamping
• Others

By Platform:

• Space
• Land
• Maritime
• Airborne

By Region:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa

Geographic Coverage

Geographically, the satellite antenna market report comprises dedicated sections centering on the regional market revenue and trends. The satellite antenna market has been segmented on the basis of geographic regions into North America, Europe, Asia Pacific, and Rest of the World (RoW). The RoW segment consists of Latin America and the Middle East & Africa. The satellite antenna market has been extensively analyzed on the basis of various regional factors such as demographics, gross domestic product (GDP), inflation rate, acceptance, and others. Satellite antenna market estimates have also been provided for the historical years 2018 & 2019 along with forecasts for the period from 2021 – 2027.

Competitive Assessment

Some of the major market players operating in the global satellite antenna market are Honeywell International, Airbus Defence and Space, General Dynamics Corporation, Mitsubishi Electric Corporation, and Harris Corporation. Companies are exploring markets through expansion, new investment, the introduction of new services, and collaboration as their preferred strategies. Players are exploring new geography through expansion and acquisition to gain a competitive advantage through joint synergy.

Key Companies:

• Honeywell International
• Airbus Defence and Space
• General Dynamics Corporation
• Mitsubishi Electric Corporation
• Harris Corporation
• Cobham Plc
• MDA Ltd.
• Norsat International Inc.
• Viasat, Inc.
• Gilat Satellite Networks

Key Questions Answered by Satellite Antenna Market Report

• Global satellite antenna market forecasts from 2021-2027
• Regional satellite antenna market forecasts from 2021-2027 covering Asia-Pacific, North America, Europe, Middle East & Africa, and Latin America
• Country-level forecasts from 2021-2027 covering 15 major countries from the regions as mentioned above
• Satellite antenna submarket forecasts from 2021-2027 cover the market by component, by antenna type, by platform, and geography
• Various industry models such as SWOT analysis, Value Chain Analysis about satellite antenna market
• Analysis of the key factors driving and restraining the growth of the global, regional, and country-level satellite antenna markets from 2021-2027
• Competitive Landscape and market positioning of top 10 players operating in the satellite antenna market