How big is the airborne SATCOM market?

The global airborne SATCOM market size was estimated at USD 5.75 billion in 2023 and is expected to reach USD 6.29 billion in 2024.

What is the airborne SATCOM market growth?

The global airborne SATCOM market is expected to grow at a compound annual growth rate of 5.8% from 2024 to 2030 to reach USD 8.84 billion by 2030.

Which segment accounted for the largest airborne SATCOM market share?

The North America region dominated the industry with a revenue share of 37.7% in 2023. This can be attributed to increasing military expenditure as government organizations seek to modernize their communication infrastructure.

Who are the key players in airborne SATCOM market?

Some key players operating in the airborne SATCOM market include Cobham Limited, General Dynamics Corporation, Honeywell International, Inc., L3 Harris Technologies, Inc., Northrop Grumman, RTX Corporation, Aselsan A.S., Thales Group, Viasat, Inc., Israel Aerospace Industries, Norsat International, Mitsubishi Electric Corporation, Teledyne Technologies Incorporated, and Gilat Satellite Networks Ltd.

What are the factors driving the airborne SATCOM market?

Key factors that are driving airborne SATCOM market growth are increasing military expenditure to enhance communication infrastructure, growing demand for in-flight communication among airlines, and ongoing technological developments in satellite communication solutions.