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.

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.

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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

Key Findings of Study:

The need for uninterrupted connectivity is growing notably across various domains globally. Satellite communication terminals are used across respective applications in various areas such as weather forecasting, media and entertainment, aviation, television, internet, space, and telecommunication. Various technological developments with respect to SATCOM terminals considerably contribute to market growth. The growing requirement for communication on-the-move solutions for platforms like military vehicles, commercial vehicles, boats, and trains is driving the demand for respective satellite communication terminals notably. The 5G telecommunication network is growing in various developing countries such as India, Taiwan, and Brazil. To stay aware of cyclones, tsunamis, and tornados, the need for accurate weather forecasting is increasing worldwide. With the launch of new airlines and a rise in investment in the aviation sector, the need for enhanced operational efficiencies and air traffic control is expected to grow significantly in the near future. The International Air Transport Association (IATA) predicts that the count of air passengers is anticipated to reach 7.2 billion by 2035, which nearly doubles the count of 3.8 billion air passengers in 2016. Thus, the growing telecommunication sector, media & broadcasting industry, and aviation sector are expected to drive the need for satellite communication terminals for uninterrupted connectivity.

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