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Satellite Ground Station (SGS) Market Trends

Report ID: GMI5834
Published Date: May 2023
Report Format: PDF

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Satellite Ground Station Market Trends

The satellite ground station market is expanding rapidly owing to the rising demand for satellite communication services. As the world becomes increasingly connected, the demand for dependable satellite communication grows. As a result, the demand for ground station equipment, such as antennas, receivers, and transceivers, has surged. The emergence of new technologies, such as High-throughput Satellites (HTS) and small satellite constellations, is one of the most recent trends in the satellite ground station industry. Ground station services provide access to satellite data and can be used for numerous purposes including satellite imagery, navigation, and communications.

Authors: Suraj Gujar

Frequently Asked Questions (FAQ) :

Satellite ground station industry reached USD 25 billion in 2022 and will record over 5% CAGR from 2023-2032 due to surging deployment in various sectors, such as government, military, media, and telecommunications.

Satellite ground station market share from the fixed platform segment showcased 5% CAGR in 2022 driven by rising adoption as they are deployed with specialized machinery and large-scale technology to communicate at high data rates.

SGS industry size from communication applications recorded more than USD 5 billion in 2022 on account of the rising need for advanced miniaturized onboard computing systems for communication hardware.

Europe SGS market size is estimated to record 10% CAGR from 2022-2032 owing to rising adoption of AI to ground station services for tracking satellites.