Delray Beach, FL, April 16, 2025 (GLOBE NEWSWIRE) — The report “US Satellite Communication (SATCOM) Equipment Market – by Solution [Product (Antenna, Transceiver, Converter, Radio), Service (Engineering & Integration, Installation)], Platform, Type, Vertical, Frequency, Connectivity – Forecast to 2029″, The US Satellite Communication (SATCOM) Equipment market is forecasted to reach USD 17.10 billion in 2029 from USD 9.59 billion in 2024, growing at a CAGR of 12.2%.
Government initiatives to encourage R&D activities in the SATCOM field, coupled with the increasing need for flexible and effective SATCOM equipment, are expected to drive this market. Key US-based SATCOM manufacturers like General Dynamics, Honeywell International Inc., and Raytheon Intelligence and Space will play a crucial role in shaping market growth. The Space Development Agency also plans to build a next-generation military space architecture, focusing on small satellites in low Earth orbit (LEO), which will further support the demand for SATCOM equipment in the US. Additionally, the US Department of Defense has forecasted a USD 1.70 billion contract in 2024 for prominent SATCOM manufacturers, reflecting the increasing importance of SATCOM technology in military and commercial applications.
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List of Players in the US SATCOM Industry:
- EchoStar Corporation (US),
- L3Harris Technologies, Inc. (US),
- RTX (US),
- General Dynamics Corporation (US),
- Viasat, Inc. (US),
- Honeywell International Inc. (US) and
- Campbell Scientific, Inc. (US).
US SATCOM Equipment Market Segmentation:
The airborne segment held the dominant share of the U.S. SATCOM Equipment market in 2024
Based on the platform, the Satellite Communication (SATCOM) Equipment market is divided into portable, land mobile, land fixed, maritime, and airborne. In 2024, the airborne platform dominated the Satellite Communication (SATCOM) Equipment market in the US. The increasing demand for flexible and effective SATCOM …