Satellite Antenna Market to Reach $17.59 Billion, Globally, by 2032 at 15.1% CAGR: Allied Market Research

Prime determinants of growth  

Factors such as growth in satellite broadband services, rise of in-flight, maritime, and land mobile connectivity, and investments in SATCOM infrastructure and ground stations boost the growth of the di satellite antenna market. However, high costs associated with phased array and electronically steered antennas, regulatory barriers, and restrictions on placement/installation of antennas are anticipated to hinder market growth. On the other hand, development of flat panels, interoperable, multi-orbit antennas, and adoption of electronically steered antennas (ESA) in aerospace, defense provide a remarkable growth opportunity for the market players operating in the market. 

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Report Coverage & Details: 

Investments in SATCOM infrastructure and ground stations 

Impact of Russia-Ukraine War 

The parabolic reflector antenna segment to maintain its leadership status throughout the forecast period 

On the basis of antenna type, the parabolic reflector antenna segment held the highest market share in 2022, accounting for more than three-fourths of the global satellite antenna market revenue, and is estimated to maintain its leadership status throughout the forecast period. This is owing to the constant drive to improve bandwidth and frequency efficiency in these antennas. However, the flat panel antenna segment is projected to manifest the highest CAGR of 16.6% from 2023 to 2032, owing to the ever-increasing need for high-speed internet connectivity. 

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The C/K/Ku/Ka band segment to maintain its leadership status throughout the forecast period 

On the basis of frequency, the C/K/Ku/Ka band segment held the highest market share in 2022 and is estimated to maintain its leadership status throughout the forecast period. In addition, the same segment is projected to manifest the highest CAGR of 15.9% from 2023 to 2032. This owing to Ku band antennas is integral in providing reliable internet connectivity in rural and remote areas. Their use in maritime, aviation, and military applications further contributes to their growth.  

The land segment to maintain its lead position during the forecast period 

On the basis of platform, the land segment accounted for the largest share in 2022 and is estimated to maintain its leadership status throughout the forecast period, owing to the shift from large dish antennas towards low-profile, unobtrusive flat panel antennas to support residential services such as Starlink of SpaceX. However, the Airborne segment is expected to portray the largest CAGR of 16.5% from 2023 to 2032, as Inflight connectivity is a major demand driver for airborne satellite antennas, as more airlines opt to equip aircraft with satellite-based WiFi services. 

North America to maintain its dominance by 2032 

On the basis of region, North America held the highest market share in terms of revenue in 2022 and is estimated to maintain its leadership status throughout the forecast period, owing to major satellite companies being engaged in the development of sophisticated antenna technologies to strengthen the capabilities of satellite services in this region, which propel the growth of the satellite antenna market across North America. However, the Asia-Pacific is expected to portray the largest CAGR of 16.3% from 2023 to 2032, as a combination of economic growth, increase in satellite communication applications, and a strong emphasis on technological advancements.  

Leading Market Players: - 

Report Key Highlights:

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The report provides a detailed analysis of these key players in the global satellite antenna market. These players have adopted different strategies such as new product launches, collaborations, expansion, agreements, and others to increase their market share and maintain dominant shares in different regions. The report is valuable in highlighting business performance, satellite antenna segments, product portfolio, and strategic moves of market players to showcase the competitive scenario. 

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