SATCOM On The Move Market Size, Insights Forecast, Growth, Trends 2024-2033

Overview and Scope SATCOM on the move refers to the vehicle (often on the ground, but rarely also marine or airborne) with antennas to connect to satellite networks and keep that connection active while the vehicle is in motion. SOTM enhances mobility for satellite networks and offers genuinely global on-the-go access. A moving vehicle can employ SOTM to transmit live, high-definition audio and video to the central station. Additionally, it enables users to make phone conversations, hold video conferences, and connect at high speed to the internet. Sizing and Forecast The satcom on the move market size has grown rapidly in recent years. It will grow from $26.98 billion in 2023 to $32.26 billion in 2024 at a compound annual growth rate (CAGR) of 19.6%. The growth in the historic period can be attributed to emerging markets growth, increasing investments in satellite communication infrastructure, high adoption of connected vehicles and growing investments in the space sector. The satcom on the move market size is expected to see exponential growth in the next few years. It will grow to $67.49 billion in 2028 at a compound annual growth rate (CAGR) of 20.3%. The growth in the forecast period can be attributed to increasing investments in low earth orbit satellites, robust government support, growing demand for telecommunication and increasing number of satellite launches. Major trends in the forecast period include strategic partnerships and collaborations among market players, product innovations with focus on government and military applications, use of artificial intelligence in radio frequencies (rf), focus on very high throughput satellites (vhts) and technological advancements in satellite communications. Order your report now for swift delivery, visit the link: https://www.thebusinessresearchcompany.com/report/satcom-on-the-move-global-market-report Segmentation & Regional Insights The satcom on the move market covered in this report is segmented – 1) By Type: Equipment, Service 2) By Frequency: C Band, L Band, S Band, X Band, Ka Band, Ku Band, Uhf Band, Shf Band 3) By Platform: Land Mobile, Airborne, Maritime 4) By Vertical: Commercial, Government, Defense North America was the largest region in the SATCOM on the move market in 2023. The regions covered in the satcom on the move market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Intrigued to explore the contents? Secure your hands-on a free sample copy of the report: https://www.thebusinessresearchcompany.com/sample.aspx?id=8370&type=smp Major Driver Impacting Market Growth The increasing demand for customized SOTM solutions for unmanned ground vehicles (UGV) propels the growth of the SATCOM on the move market. The unmanned ground vehicle refers to the robotic devices that run on the ground without a human operator. The SATCOM-On-the-Move technology can be applied to various prospective UGVs for land operations to improve mission performance, combat effectiveness, and worker safety. These involve finding, removing, and getting through minefields and other barriers. For instance, in December 2021, according to the annual report 2021 published by General Dynamics, a US-based aerospace and defense corporation, the company reported an increase in the US revenue for its technology segment which encompasses a mission system product line consisting of SATCOM on the move antennas for a ground vehicle, which was $11.72 billion, in 2020 and increased to $11.81 billion in 2021. Therefore, the increasing demand for customized SOTM solutions for unmanned ground vehicles is driving the growth of the SATCOM on the move market. Key Industry Players Major companies operating in the satcom on the move market report are Honeywell International Inc, L3Harris Technologies, EchoStar Corporation, Thales Group, Viasat, Inc,Aselsan A.S., BAE Systems plc, Ball Corporation, Inmarsat Global Limited, General Dynamics Corp, Singapore Technologies Engineering Ltd, Bharat Electronics Limited (BEL), Antrix Corporation Limited, NEC Corporation, Space Star Technology Co Ltd, Eutelsat Communications SA, Avanti Communications, Cobham Limited, Airbus Defence and Space, Telespazio, Surrey Satellite Technology Ltd, Rohde and Schwarz, Russian Satellite Communications Company, SENER Polska sp. z o.o, Raytheon Intelligence & Space, Hughes Network Systems, Gilat Satellite Networks, Elbit Systems Ltd., Andesat, Globalsat Group, Intelsat, Thuraya, Al Yah Satellite Communications Company, Etisalat UAE, Space AI, Scorpio Space, Yahsat, SCS Space, Blue Sky Communications, Alkan The satcom on the move market report table of contents includes: 1. Executive Summary 2. SATCOM On The Move Market Characteristics 3. SATCOM On The Move Market Trends And Strategies 4. SATCOM On The Move Market - Macro Economic Scenario 5. Global SATCOM On The Move Market Size and Growth ...