Airborne SATCOM Market Worth $7.3 Billion by 2027

CHICAGO, July 12, 2022 /PRNewswire/ — According to a research report “Airborne SATCOM Market by Install Type (New Install, Upgrade), Application (Government & Defense, Commercial), Platform (Fixed Wing, Rotary Wing, Drones), Frequency, Component, and Region – Global Forecast up to ‘in 2027’, published by MarketsandMarkets™, the Airborne SATCOM market size is expected to grow from $5.4 billion in 2022 at $7.3 billion by 2027, at a CAGR of 6.5% from 2022 to 2027. Market growth is attributed to increased need for on-the-go customized SATCOM solutions, higher adoption of SATCOM transceivers and rising the number of aircraft fleet deliveries.

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“The drone segment is expected to dominate the airborne SATCOM market over the forecast period.”

Based on the platform, the drone segment is expected to dominate the market from 2022 to 2027. Due to the extensive use of drones to conduct intelligence, surveillance, and reconnaissance (ISR) missions, the drone segment of Airborne SATCOM should develop.

“The new installation segment is considered to be the airborne SATCOM market leader during the forecast period.”

The new install segment should change from $3,090 in 2022 to 4,697 in 2027 at a CAGR of 8.7%. The adoption of advanced airborne SATCOM systems for commercial and military purposes and the growing demand for new aircraft are responsible for the growth of the new installation segment.

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North America is considered to have the largest share during the forecast period.”

The airborne SATCOM market in North America is expected to have the largest share during the forecast period. United States and Canada are the countries considered in the North American region. The growth of this segment is due to the massive presence of leading airborne SATCOM players in this region.

Some of the major players in the airborne SATCOM market are Thales Group (France), Gilat Satellite Networks (Israel), Collins Aerospace (USA), Cobham Limited (UK), General Dynamics Corporation (USA) and Honeywell International Inc (USA).

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