 |
| Global Space Ground Station Equipment Market Size |
The Space Ground Station Equipment Market consists of products such as
Tracking, telemetry & control (TT&C) antennas, telemetry, tracking and
command (TT&C) antennas, antennas for satellite control, and direct
broadcast antennas. These equipment is crucial for data transmission between
satellites in space and ground stations on Earth. They enable communication
with spacecraft orbiting Earth to transfer commands, data, and voice.
The global
Space Ground Station Equipment Market is estimated to be valued at US$ 9,242.84 million in 2023 and is
expected to exhibit a CAGR of 8.2% over
the forecast period 2023 to 2030, as highlighted in a new report published by
Coherent Market Insights.
Market Key Trends:
The increased satellite launches and growing adoption of space technologies
across numerous industries have accelerated the growth of the space ground
station equipment market over the forecast period. According to an analysis,
over 13,000 operational satellites are planned to be launched through 2030
which is expected to drive the demand for ground station equipment to support
increased data and communication needs. Various organizations, especially
private satellite operators have also increased their investment in deploying
ground station networks to offer earth observational data and establish global
connectivity. This has resulted in substantial increase in procurement of
tracking antennas, TT&C systems and other ground equipment in recent years.
Segment Analysis
The global space ground station equipment market is dominated by S-band
transponders segment. S-band transponders are cost-effective and require
smaller antenna size as compared to other frequency bands for communications
with Low Earth Orbit (LEO) satellites. Hence, they are widely used for tracking
and communicating with numerous Earth Observation (EO) and SmallSat
constellation missions. The higher adoption of S-band transponders can be
attributed to the increasing number of small satellite launches for various
applications such as Internet of Things (IoT), agriculture, and environmental
monitoring.
Key Takeaways
The Global
Space Ground Station Equipment Market Size is expected to witness high
growth during the forecast period of 2023 to 2030.
Regional analysis: North America dominated the global space ground station
equipment market in 2023 with a share of over 30%, followed by Europe and Asia
Pacific. The United States has the largest space economy and is a major
contributor to the growth of the region. Increasing small satellite
manufacturing and deployment of mega-constellations by regional players is
driving the market.
Key players: Key players operating in the space ground station equipment market
are EchoStar Corporation, AAC Clyde Space, Comtech Telecommunications Corp., and
Analog Devices, Inc. EchoStar Corporation is a major provider of satellite
operation services and ground station infrastructure to commercial and
government customers. AAC Clyde Space is a pioneer in design, development and
manufacturing of small satellite platforms and ground station solutions.
Comtech Telecommunications Corp. offers antennas, tracking systems, telemetry
& control products, RF amplifiers, and modems for satellite communication
networks. Analog Devices, Inc. provides RF integrated circuits, data
converters, and signal processing solutions for aerospace radar and
communication systems.
The global space ground station equipment market is expected to witness high
growth during the forecast period due to the proliferation of small satellites
and mega-constellations for various applications. Major players are focusing on
developing cost-effective and modular ground station solutions to cater to the
growing demand from small satellite operators.
Get
More Insights On This Topic: https://www.pressreleasebulletin.com/space-ground-station-equipment-market-size/