Global Satellite Command and Control System Market is Expected to Reach $32.15 Billion by 2031
The Satellite Command and Control System Market is projected to reach $32.15 billion by 2031, reveals the premium market intelligence study by CRI Report. The study also highlights that the market is set to witness a CAGR of 4.32% during the forecast from 2021 to 2031.
Satellite command and control system comprises space-based solutions and the ground segment. These two entities help in maintaining contact with the satellite and provide commands based on the type of mission, provide satellite telemetry, attitude control, satellite monitoring, as well as ground equipment monitoring and control.
USP of the Report
• A dedicated section focusing on R&D Investment initiatives
• Cross-segmentation of satellite mass on the basis of end user
• Qualitative analysis of ground station as a service (GSaaS)
According to this report, “The growing number of space assets, particularly, launching small satellite constellations establishes the need to continuously maintain contact with these satellites and monitor them. The need to command and control satellites so that they can be maximum utilized is expected to propel the satellite command and control system market during the forecast period.”
Key Companies Operating in the Market and Competitive Landscape
Key companies operating in the market, include Airbus S.A.S, BALL CORPORATION, GMV, Honeywell International Inc., Israel Aerospace Industries (IAI), Indra, Kratos Defense & Security Solutions, Inc., Lockheed Martin Corporation, L3Harris Technologies, Inc., Mitsubishi Electric Corporation, NanoAvionics, Northrop Grumman, NewSpace Systems, Raytheon Technologies Corporation, and TERMA
Players analyzed and profiled in the study involve satellite subsystem providers as well as ground segment providers for satellite command and control. These companies capture the maximum share in the global satellite command and control system market.
Moreover, a detailed competitive benchmarking of the players operating in the global satellite command and control system market has been carried out, which will help the reader to understand how players are performing against each other, exhibiting a clear market landscape.
In addition to this, comprehensive competitive strategies such as partnerships, agreements, and collaborations will aid the reader in understanding the untapped revenue pockets in the market.
Market Segmentation of Satellite Command and Control System Market
Application: The global satellite command and control system market has been segmented based on application, including satellite attitude control, satellite monitoring and tracking, satellite telemetry, and ground equipment monitoring and control. The satellite telemetry application segment is expected to dominate the global satellite command and control system market on account of critical data that requires to be processed received from satellites.
Satellite Masses: The 201-1,200kg segment is expected to lead the satellite command and control system market. The growth of this segment is attributed to several companies focusing on launching mini and microsatellite constellations to enable applications like real-time Earth observation, navigation, tracking and monitoring, and global internet coverage.
Frequency Bands: The L and S band segment is expected to lead the satellite command and control system market. The growth of this segment is attributed to the major usage of this frequency band as it provides strong protection against weather effects as well as provides for relatively low impact due to dynamics.
Region: North America is expected to dominate the global satellite command and control system market during the forecast period. The factor attributing to the growth of this region is the high presence of the key companies highly engaged in developing and providing satellite command and control system solutions.
Satellite Communication For IoT Networks
Key Questions Answered in the Report
• What are the underlying structures resulting in the emerging trends within the global satellite command and control system market?
• What is the scope in the market for new OEMs and other players that wish to enter the global satellite command and control system market?
• What are the driving and challenging factors and attributing to the growth of the global satellite command and control system market?
• Which application and end user segment are expected to lead the global satellite command and control system market by 2031?
• What was the market value of the regions in global satellite command and control system market in 2020, and how is the market estimated to grow during the forecast period 2021-2031?
• What is the R&D initiative and investment scenario in the global satellite command and control system market?
• How is the global satellite command and control system industry expected to evolve during the forecast period 2021-2031?
• What are the key developmental strategies that are implemented by the key players to sustain the competitive market?