At 9.3% CAGR, the Asia Pacific Satellite Communication Terminal Market is projected to be worth US$ 1,802.11 million by 2028, says The Business Market Insights

According to the Business Market Insights’ research, the Asia Pacific satellite communication terminal market was valued at US$ 1,157.09 million in 2023 and is expected to reach US$ 1,802.11 million by 2028, registering a CAGR of 9.3% from 2023 to 2028. Rising adoption of portable and small SATCOM terminals and growing requirement for customized SATCOM solutions are the critical factors attributed to the Asia Pacific satellite communication terminal market expansion.

A portable satellite communication terminal, also known as a hotspot or satellite communicator, is one of the smallest 2-way SATCOM devices. Such satellite communication terminal uses an internal GPS chip for gathering location information. When the SEND option is selected, the location information is sent to a commercial monitoring agency via commercial satellites. The role of the commercial monitoring agency is to forward the information to the respective responding agency. Typically, the purchasers of portable satellite communication devices are involved in activities like mountain biking, hiking, boating, climbing, and flying. Enhanced features such as breadcrumb tracking via Google Earth and sending preprogrammed messages are also offered via portable and small SATCOM terminals. Some of the latest devices that provide 2-way communication via satellite are Spot X, Germin InReach mini, Bivy stick blue, and Zoleo satellite communicator. Iridium started its Global Maritime Distress and Safety System service (GMDSS) in 2020. The launch of new GMDSS terminals facilitates access to a fleet of vessels, which are needed by maritime law for maintaining the L-band safety service. Furthermore, in July 2023, Ultra launched a new portable satcom terminal certified for the Inmarsat Global Xpress Network. This new Ultra GigaSat ULV-950mp terminal is robust, compact, and ultra-light, which allows troops to establish communications in the field of operation and provide mission-critical communications between soldiers in the field. Thus, the rising demand for strong communication for both civil and defense applications is generating the need for portable and small SATCOM terminals creating an opportunity for the market growth in the forecasted period.  

On the contrary, high costs of satellite communication terminals hurdles the growth of Asia Pacific satellite communication terminal market. 

Based on classification, the Asia Pacific satellite communication terminal market is segmented into C band, X band, S band, Ku band, and Ka band. The X band segment held 34.0% market share in Asia Pacific satellite communication terminal market in 2023, amassing US$ 392.85 million. It is projected to garner US$ 623.81 million by 2028 to expand at 9.7% CAGR during 2023–2028.

Based on application, the Asia Pacific satellite communication terminal market is segmented into military use and civil use. The military use segment held 73.9% market share in the Asia Pacific satellite communication terminal market in 2023, amassing US$ 855.01 million. It is projected to garner US$ 1,289.46 million by 2028 to expand at 8.6% CAGR during 2023–2028.

Based on satellite type, the Asia Pacific satellite communication terminal market is segmented into GEO, MEO, and LEO. The GEO segment held 64.2% market share in the Asia Pacific satellite communication terminal market in 2023, amassing US$ 743.03 million. It is projected to garner US$ 1,116.76 million by 2028 to expand at 8.5% CAGR during 2023–2028.

Based on country, the Asia Pacific satellite communication terminal market has been categorized into China, India, Japan, South Korea, Australia, and Rest of Asia Pacific.  Our regional analysis states that China captured 31.5% market share in the Asia Pacific satellite communication terminal market in 2023. It was assessed at US$ 364.69 million in 2023 and is likely to hit US$ 542.44 million by 2028, exhibiting a CAGR of 8.3% during the forecast period.     

Key players dominating the Asia Pacific satellite communication terminal market are Airbus SE, Collins Aerospace, General Dynamics Mission Systems Inc, Gilat Satellite Networks Ltd., Honeywell International Inc, L3Harries Technologies Inc, NEC Corp, Singapore Technologies Engineering Ltd, Thales SA, Viasat Inc among others.   

• In Dec 2023, Viasat announced federal aviation administration (FAA) approved the company’s Ka-band in-flight connectivity (IFC) solution for Gulfstream G450 aircraft, a large cabin jet often deployed on long-distance, international expeditions.
• In Oct 2021, Airbus announced a collaboration with Intelsat to provide COMMFLEX Aero Ku, the newest addition to the Aero managed services portfolio. COMMFLEX Aero Ku is particularly suited for aircraft that require global, high-speed, and resilient connectivity for vital tasks such as ISR and VIP transportation, and it complements our entire range of L, X, and Ka-band services.

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