How big is the Satellite Communication Market in the Defense Industry?

The Satellite Communication Market in the Defense Industry size is expected to reach USD 5.55 billion in 2024 and grow at a CAGR of 6.93% to reach USD 7.76 billion by 2029. Read More

What is the current Satellite Communication Market in the Defense Industry size?

In 2024, the Satellite Communication Market in the Defense Industry size is expected to reach USD 5.55 billion. Read More

Who are the key players in Satellite Communication Market in the Defense Industry?

Thales Group, Inmarsat Communications, Iridium Communications Inc., KVH Industries Inc. and Orbcomm Inc. are the major companies operating in the Satellite Communication Market in the Defense Industry. Read More

Which is the fastest growing region in Satellite Communication Market in the Defense Industry?

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029). Read More

Which region has the biggest share in Satellite Communication Market in the Defense Industry?

In 2024, the North America accounts for the largest market share in Satellite Communication Market in the Defense Industry. Read More

What years does this Satellite Communication Market in the Defense Industry cover, and what was the market size in 2023?

In 2023, the Satellite Communication Market in the Defense Industry size was estimated at USD 5.19 billion. The report covers the Satellite Communication Market in the Defense Industry historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Satellite Communication Market in the Defense Industry size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

Satellite Communication Market in the Defense Sector Market Share

Statistics for the 2023 & 2024 Satellite Communication Market in the Defense Sector market share, created by Mordor Intelligence™ Industry Reports. Satellite Communication Market in the Defense Sector share report includes a market forecast to 2029 and historical overview. Get a sample of this industry share analysis as a free report PDF download.

Market Share of Satellite Communication Industry in the Defense Sector

The satellite communication market comprises several global and regional players, vying for attention in a highly competitive market space due to the presence of many large players. The market poses high barriers to entry for new players, impacting the opportunities to be able to gain traction. This market is characterized by moderate product differentiation, increasing levels of product penetration, and high levels of competition. Generally, the product is offered as hardware, making the offering look like a part of the product's service.

January 2022 - Thales Alenia Space, a joint venture between Thales (67%) and Leonardo (33%), stated that it had signed a contract with LIG Nex1 Co. Ltd, a South Korean aerospace and defense company, to provide an advanced technology Digital Processor for the GEO-KOMPSAT-3 communications satellite. The Ka-band Flexible Broadband Communication System payload includes an efficient, completely reprogrammable Digital Processor that combines transparent and regenerative signal processing via Digital Channelizer Units (DCU) and On-Board Processing Units (OBPU) portions, respectively.
January 2022 - Navis Engineering, a dynamic positioning systems manufacturer, announced to offer KVH Watch services to enable remote monitoring of equipment; the company announced that Navis Engineering, maritime dynamic positioning (DP) control system manufacturer, has joined the KVH Watch Solution Partner program to offer KVH watch cloud connect services.
December 2021 - Inmarsat announced the launch of its first Inmarsat-6 satellite, I-6 F1. It was launched by Mitsubishi Heavy Industries (MHI) from the JAXA Tanegashima Space Center in Japan. The satellites will offer enhanced capacity and new technological advances for ELERA's transformational L-band services, alongside additional Global Xpress (GX) high-speed broadband capacity.