Market Size – USD 16.78 billion in 2019, Market Growth – CAGR of 3.48%, Market Trends – Increasing Demand for TV platforms and technologies.
The Satellite Transponder market is expected to grow from USD 16.78 billion in 2019 to USD 22.07 billion by 2026, at a CAGR of 3.48% during the forecast period. The global demand for satellite transponders is continuously increasing mainly due to the rise in growth of new subscribers for Ku-band frequencies. This band frequency is mainly utilized for data, voice and video communications and by far is the most favored frequency.
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Moreover, the increasing usage of Ka-band frequency for high-bandwidth broadcasting and communication has also positively impacted the growth of the satellite transponders market. Upgrade in subscribers has been another key factor for the upliftment of this market. The growth in application sectors such as in-flight communications, maritime broadband, and machine to machine (M2M) has also been promoting the growth of satellite transponders market. The projected diversification and increase in applications in the coming years can be expected to boost the market further.
Elements such as the growth of telecommunication network, Satellite launch failures and requirement of huge capital investment and & operational anomalies are hindering the market. Players will require increased investments to tackle these challenges and facilitate growth in the coming years. This report comprises drivers, restraints, opportunities, and challenges pertaining to the Satellite Transponder market; and extensive value chain analysis, patent analysis, analysis of the current manufacturing capability and technology status, commercialization potential in different devices, along with market size forecasts till 2026.
The report “Satellite Transponder Market by Bandwidth (C-Band, KU-Band, KA-Band, K-Band, Others), End-Use Application (Navigation, Government Communications, Remote Sensing, Commercial Communications, R&D, Others), Service (Leasing, Maintenance, and Support, Others) and Geography – Global Forecast 2026” is available now to Report and Data customers and can also be purchased directly at: https://www.reportsanddata.com/report-detail/satellite-transponder-market
Further key findings from the report suggest
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For this report, the market has been segmented on the basis of bandwidth, application, services, and region:
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