According to the new research report titled "Satellite Communication Terminal Market Forecast to 2028 – COVID-19 Impact and Global Analysis," published by The Insight Partners, the market is expected to reach US$ 6,030.7 million by 2028, registering a CAGR of 6.5% from 2021 to 2028.

Within its wireless network coverage, the satellite communication system provides voice and data communication services to terminal devices. When natural or man-made disasters disrupt terrestrial communications, satellite communication networks rely on satellites in space to increase effective amplification of the coverage zone, which would provide guaranteed effective communication for fields or areas that are not served or under-served by terrestrial networks. At least three satellites would be required to achieve global coverage with the current most basic and direct satellite communication technology. Satellite communication terminal products are terminal devices that provide communication services to consumers through the usage of a satellite communication system. Voice terminals (satellite phones), data terminals (data-access devices), and other types of terminals can be found.

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The satellite communication terminal market is growing because of the rise in public safety, and desire for a reliable network during emergencies. The growing OTT and IPTV (over the top and internet protocol TV) is another factor responsible for the growth of the satellite industry, which, in turn, is promoting SATCOM communication and SATCOM communication hardware, such as terminals. However, the market's growth is hampered by high implementation costs, restricted data transit capabilities, and limited spectrum bandwidth. Government investments in mission-critical communication systems in the defense sector, on the other hand, are likely to generate attractive prospects for the industry in the coming years.

The North America satellite communication terminal market is segmented into the US, Canada, and Mexico. North. The North America satellite communication terminal market is segmented into the US, Canada, and Mexico. North America is the most technologically advanced region, owing to high gross domestic product (GDP), positive outlook toward adoption of advanced technologies, high GDP per capita, favorable economic policies, high standard of living, and presence of a robust technology ecosystem. North America has a high emphasis on the defense sector as the governments spend significant amounts on military, navy, and air force. Various domains such as telecommunication, media & entertainment, transportation & logistics, business & enterprise, scientific research & development, aviation, aerospace, defense, and retail & consumer drive the satellite communication terminal market in the region. As a part of the Commercial Broadband Satellite Program (CBSP), the US Navy has awarded a contract of 16 satellite communication terminals to L3Harris Technologies, Inc.

Viasat Inc., Airbus, General Dynamics, Thales Group and L3Harris Technologies – are among the well-known players operating in the global satellite communication terminal market and are focused on product development and innovations. The S-band is a short-wave radar frequency band that operates between 2 and 4 GHz. This band is mostly used for radar and communication. It's designed specifically for two-way communication and content delivery for small devices like mobile terminals, vehicular terminals, and handhelds, which is why it's used for satellite communication, especially in scenarios that require clarity and speed, like those required by NASA for the Space Shuttle and the International Space Station. The S-band is adaptable and powerful, making it a suitable technology for a variety of public-facing applications, most notably communication. The system might be used to send out distress signals in the event of an accident, as well as to transmit real-time traffic and weather data and status.

The top five companies in the market are Viasat Inc., Airbus, General Dynamics, Thales Group and L3Harris Technologies. The above listing of key players is derived by considering multiple factors such as overall revenue, current satellite communication terminal market portfolio, new product launches, market initiatives, investment in technology up-gradation, mergers & acquisitions, and other joint activities. A few of the important market initiatives and product developments from the industry are mentioned below: 

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