At 2.4% CAGR, the South America Satellite Communication Terminal Market is projected to be worth US$ 162.66 million by 2028, says The Business Market Insights

According to the Business Market Insights’ research, the South America satellite communication terminal market was valued at US$ 144.61 million in 2023 and is expected to reach US$ 162.66 million by 2028, registering a CAGR of 2.4% from 2023 to 2028. Increasing demand for defense satellite communication solutions and growing need for uninterrupted connectivity are the critical factors attributed to the South America satellite communication terminal market expansion.     

The requirement for satellite communication terminals is increasing in the defense sector in various countries worldwide. One of the main reasons for the growing demand is the rising military spending of numerous nations. The demand for phased array antenna systems is increasing in high-speed data communication in aircraft and respective maritime and airborne applications. Under this contract, the agency selected Get SAT’s Milli SAT EX Ka-band terminal, which is a compact all-in-one communications-on-the-move (COTM) Ka-band solution. This satellite terminal is designed to meet mission-critical requirements of C-130 airborne applications without requiring any modifications to the aircraft. The terminal offers an optimized for voice, video, and data transmission and provides high bandwidth data throughput exceeding 30 Mbps with HTS satellites. Thus, the rising demand for defense satellite communication solutions drives the requirement for various satellite communication terminals.  

On the contrary, high costs of satellite communication terminals hurdles the growth of South America satellite communication terminal market.

Based on classification, the South America satellite communication terminal market is segmented into C band, X band, S band, Ku band, and Ka band. The X band segment held 32.2% market share in South America satellite communication terminal market in 2023, amassing US$ 46.54 million. It is projected to garner US$ 53.08 million by 2028 to expand at 2.7% CAGR during 2023–2028.

Based on application, the South America satellite communication terminal market is segmented into military use and civil use. The military use segment held 68.9% market share in 2023, amassing US$ 99.65 million. It is projected to garner US$ 109.40 million by 2028 to expand at 1.9% CAGR during 2023–2028.

Based on satellite type, the South America satellite communication terminal market is segmented into GEO, MEO, and LEO. The GEO segment held 70.9% market share in 2023, amassing US$ 102.50 million. It is projected to garner US$ 110.30 million by 2028 to expand at 1.5% CAGR during 2023–2028.

Based on country, the South America satellite communication terminal market has been categorized into Brazil, Argentina, and the Rest of South America. Our regional analysis states that Brazil captured 71.8% market share in 2023. It was assessed at US$ 103.86 million in 2023 and is likely to hit US$ 116.87 million by 2028, exhibiting a CAGR of 2.4% during the forecast period.     

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

• In Dec 2023, General Atomics Aeronautical Systems (GA-ASI) has completed a fully networked demonstration using multiple laser communication terminals, including ground, mobile and airborne terminals. The purpose of the demonstration was to highlight extended multi-point networking communications using lasercomm and to show how lasercomm can be utilized in an operational theater to provide LPI/LPD high-capacity comms for the war fighter.

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