Satellite Antenna Market Report

Market Insights

The Satellite Antenna Market estimated to grow from USD 2.5 billion in 2020 to USD 3.8 billion by 2026 at a healthy CAGR of 7.4% during the forecast period.

Figure: Satellite Antenna Market Size, 2020-2026 (USD Billion)

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What is Satellite Antenna?

A satellite antenna can be defined as an antenna which is specifically designed to receive or transmit information through radio waves from or to communication satellite. Based on type, a satellite antenna can be categorized as parabolic reflector, flat panel, FRP, horn, iron antenna with mold stamping, and others.

Covid-19 Impact Analysis

The outbreak of COVID-19 significantly impacted the materials supply chains, international trade, and manufacturing operations across the world. The production of satellite antenna declined amidst the COVID-19 pandemic as the market players had to shut production facilities or operate the facilities below the optimal production capacities to avoid the spread of the coronavirus.

Key Players

Key players operating in the global Satellite Antenna Market are-

• Honeywell International Inc. (US)
• General Dynamics Corporation (US)
• Mitsubishi Electric Corporation (Japan)
• Gilat Satellite Networks (Israel)
• Elite Antennas ltd (UK)
• MDA Ltd. (Canada)
• Harris Corporation (US)
• Cobham Limited (UK)
• Airbus Defence and Space (Germany)
• Space Star technology CO., Ltd (China)

Market Dynamics

The global growth of satellite antenna market size is primarily driven by significant product demand across applications such as space and maritime worldwide. Increasing adoption of small satellites for communication and earth observation applications is likely to propel the market growth at a significant rate during the review period. In addition to this, rising integration of advanced features in the satellites is likely to create lucrative opportunities for the players operating in the global market in the coming years.

Segment’s Analysis

Application Trends

Based on application, the satellite antenna market has been divided into space, land, maritime and airborne. The space application segment accounted for the largest market share in 2020. The segment growth can be attributed to increasing emphasis on production of small satellites for numerous purposes particularly communication.

Regional Trends

By region, the North America Satellite Antenna Market accounted for the largest share in 2020 and is expected to grow at a significant CAGR during the review period. The regional market growth can be attributed to presence of established space industry and key market players such as Honeywell International Inc. (US) and General Dynamics Corporation (US). The market growth in Asia-Pacific region is expected to grow at a fastest CAGR during the review on account of strong presence of marine industry and significant growth of the space industry particularly in China and India.

Critical Questions Answered in the Report

This market research report provides in-depth information on trends, dynamics, revenue opportunities, competitive landscape, and recent developments in the global satellite antenna market. The historic years considered for the study are 2016-2019, base year is 2020, estimated year is 2021, and forecast period is 2022-2026. Following are the critical questions answered in the report.

• What are the key trends in the global Satellite Antenna Market?
• How the market (and its various sub-segments) has grown in the last five years and what would be the growth rate in next five years?
• What is the impact of COVID-19 on global Satellite Antenna Market?
• What are the key strategies adopted by the major vendors to lead in the global Satellite Antenna Market?
• What is the market share of the top vendors?

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Target Audience

The target audience of Satellite Antenna Market includes-

• Satellite Antenna Vendors
• Satellite Antenna Manufacturers
• Satellite Antenna Distributors
• Organizations
• Government Bodies

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