June 20, 2024
Space Ground Station Equipment Market

The Space Ground Station Equipment Market Is Driven By Increasing Satellite Launches Globally

Space ground station equipment is crucial for satellite communication with various commercial and government satellites launched into the space by tracking, monitoring and commanding satellites orbiting the Earth. Space ground station equipment includes tracking antennas, telemetry command equipment, satellite simulators, and network systems to support satellite communication and operations. The global space industry is witnessing increasing deployments of small satellites and mega-constellations catering to applications in telecommunication, earth observation, navigation and other sectors. In 2021, over 1,000 satellites were launched into space taking the total number of active satellites to over 5,000. This exponential growth in the number of satellites has created demand for additional ground station infrastructure to manage satellite operations. The proliferation of low-cost satellites and rapid development of networks for telecommunication, Earth observation and Internet of Things has boosted demand for space ground station equipment across regions.

The global Space Ground Station Equipment Market is estimated to be valued at US$ 9242.84 Mn 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 key trends:

There is increasing demand for transportable and portable ground station equipment among private space companies and research institutions across the world. Mobile ground station equipment allows quick deployment in remote locations and supports satellite communication on the move. Major companies are focusing on producing compact designs with all-inclusive networking and tracking capabilities in a single unit. For example, in 2022, Space ERZ launched mobile ground station solutions weighing less than 35 kgs that support monitoring, tracking and data reception for miniaturized satellites. The portable design aids in rapid testing of satellite constellations during deployment and early operational phases.

Porter’s Analysis

Threat of new entrants: The high costs associated with establishing ground infrastructure and facilities pose significant barriers for new entrants.
Bargaining power of buyers: There exists a significant number of buyers in the market which increases their bargaining power.
Bargaining power of suppliers: Presence of a large number of equipment suppliers limits their bargaining power. Threat of new substitutes: Advancements in satellite communication technology can pose a potential threat. Competitive rivalry: Intense competition exists among the existing players to gain market share

Key Takeaways

The Global Space Ground Station Equipment Market Demand is expected to witness high growth. The global Space Ground Station Equipment Market is estimated to be valued at US$ 9242.84 Mn in 2023 and is expected to exhibit a CAGR of 15.% over the forecast period 2023 to 2030.

Regional analysis related content comprises Regional analysis related content The North American region currently dominates the market due to high investments by space agencies such as NASA. The Asia Pacific region is expected to grow at the fastest pace during the forecast period due to increasing space exploration activities by countries such as China and India.

Key players related content comprises Key players related content

Key players operating in the Space Ground Station Equipment Market are H&M, Zalando, Amazon Fashion, Primark, Topshop, River Island, Missguided, PrettyLittleThing, ASOS, Boohoo, Next, Very, Marks & Spencer, John Lewis, New Look, JD Sports, Farfetch, Gymshark, Reiss, AllSaints. H&M focuses on affordable clothing and is one of the largest clothing companies globally. Zalando is a leading online fashion and lifestyle destination in Europe.

*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it