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Saturday, December 10, 2022

The SATCOM on the move market is projected to grow from $17.7B in 2021 to $42.8B by 2026, at a Compound Annual Growth Rate of 19.3% | Globe News Wire

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According to the platform, the airborne SATCOM segment is expected to grow at the quickest rate in the SATCOM market from 2021 to 2026. Few internationally recognized competitors control the SATCOM on the move market, including Thales Group (France), L3Harris Technologies (US), Honeywell International Inc. (US), Hughes Network Systems (US), and Viasat, Inc. (US), among others.

These companies have expanded their operations in North America, Europe, Asia Pacific, the Middle East and Africa, and South America. COVID-19 has had some impact on SATCOM on the move, albeit the degree of impact differs by country. According to experts in the field, the pandemic has had little impact on demand for SATCOM equipment in the corporate, government, and defense sectors.

Source: https://www.globenewswire.com/news-release/2021/12/13/2350608/0/en/The-SATCOM-on-the-move-market-is-projected-to-grow-from-USD-17-7-Billion-in-2021-to-USD-42-8-Billion-by-2026-at-a-CAGR-of-19-3.html

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