Space ground station equipment are utilized for tracking, telemetry, and commanding satellite operations using ground antennas from the Earth. These equipment enable communication between satellites as well as satellite networks and satellite control centers for data transmission and tracking functionality. Key products in space ground station equipment market include S-band Kaband antennas for telemetry, tracking, and commanding (TT&C), VHF/UHF antennas for payload data, radomes, solar arrays and power equipment, mechanical and electrical equipment, and satellite antenna network systems.
The global space ground station equipment market is estimated to be valued at US$ 2.5 Billion in 2023 and is expected to exhibit a CAGR of 15% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market Dynamics:
The space ground station equipment market is expected to be flourished by rising satellite launches for various applications such as earth observation, navigation, telecommunication, scientific research, and others. As per data, more than 150 satellite launches took place globally in 2021 alone. The rapid rise in small satellite launches, especially for mega constellations in low earth orbit, necessitates the need for ground station equipment for communication with spacecraft. SpaceX’s Starlink and Amazon’s Project Kuiper are prominent examples developing satellite mega constellations with thousands of small satellites to provide low-cost broadband internet globally. Another key driver is the increasing deployment of satellite Internet of Things (IoT) networks to enable communication between billions of connected devices. For instance, companies such as Astrocast and Myriota are developing IoT networks using satellite connectivity which will augment market growth of ground station equipment over the forecast period.
Segment Analysis: The space ground station equipment market share is segmented into type and application. Based on type, the market is segmented as tracking antenna, telemetry, command and control, and others. Tracking antenna dominates the type segment owing to its ability to effectively track satellites and gather crucial telemetry data through two-way communication.
PEST Analysis:
Political: Favorable government initiatives and investments in space exploration programs are positively impacting the market growth.
Economic: Significant rise in space situational awareness programs and defense budgets allocation are fueling the economic growth of space ground segment equipment suppliers.
Social: Growing acceptance of satellite applications in daily life such as communication, navigation, and imaging is propelling the demand for space ground station equipment.
Technological: Advancements in antenna designing, signal processing and communication technologies are enhancing the performance and efficiency of ground station equipment.
Key Takeaways:
The global space ground station equipment market is expected to witness high growth over the forecast period of 2023 to 2030. The global space ground station equipment market is estimated to be valued at US$ 2.5 Billion in 2023 and is expected to exhibit a CAGR of 15% over the forecast period 2023 to 2030.
North America dominates the market owing to presence of large satellite manufacturers and private space companies in the US.
Key players operating in the market are MDA Corporation, Rocket Lab, Skylab Inc., Cobham Limited, and others. Key players focus on advancing antenna technology and developing equipment for novel space applications like asteroid tracking and lunar orbiting.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
