The airborne SATCOM market in Middle East & Africa is expected to grow from US$ 421.78 million in 2022 to US$ 568.55 million by 2028; it is estimated to grow at a CAGR of 5.1% from 2022 to 2028.
The growing air passenger traffic is driving the expansion of the airborne SATCOM industry. Factors such as increased middle-class interest in air travel, the expansion of this group in emerging nations, and an increase in the worldwide working-age population are predicted to boost total air passenger traffic. The newest ICAO analysis of air traffic shows obvious indicators of a strong recovery in air traffic, with increased carrier confidence and a variety of regional air connectivity and air travel facilitation enhancements. Airline seat capacity increased by 32% during the same period, and with continued supporting conditions for increased air travel demand forecast, the International Civil Aviation Organization (ICAO) predicts a stronger overall rate of recovery this year than last.
With the increase in air traffic and aircraft demand, air carriers are increasing their aircraft delivery. The demand for new airlines is not just from existing aircraft reestablishing their fleet but also from new low–cost aircraft entering the market. A repressed interest of leisure travelers being more cost-sensitive post-pandemic, decreased interest for business travel, alongside the adaptability of the minimal expense aircraft plan of action, is surging demand of SATCOM.
With the new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the Middle East & Africa airborne SATCOM market. The Middle East & Africa airborne SATCOM market is expected to grow at a good CAGR during the forecast period.
Middle East & Africa Airborne SATCOM Market Revenue and Forecast to 2028 (US$ Million)
Middle East & Africa Airborne SATCOM Market Segmentation
Middle East & Africa airborne SATCOM market is segmented into platform, component, application, and country.
In terms of application, the Middle East & Africa airborne SATCOM market is categorized into defense, and commercial. The commercial segment held the largest market share in 2022.
ASELSAN A.Ş.; Cobham Limited; Collins Aerospace; General Dynamics Mission Systems, Inc.; Honeywell International Inc.; L3Harris Technologies, Inc.; Orbit Communications Systems Ltd.; Thales Group; and Viasat, Inc. are among the leading companies in the airborne SATCOM market in the region.
| Report Attribute | Details |
|---|---|
| Market size in 2022 | US$ 421.78 Million |
| Market Size by 2028 | US$ 568.55 Million |
| CAGR (2022 - 2028) | 5.1% |
| Historical Data | 2020-2021 |
| Forecast period | 2023-2028 |
| Segments Covered |
By Platform
|
|
Regions and Countries Covered
|
|
| Middle East and Africa | South Africa, Saudi Arabia, UAE, Rest of Middle East and Africa |
| Market leaders and key company profiles |
|
The Middle East & Africa Airborne SATCOM Market is valued at US$ 421.78 Million in 2022, it is projected to reach US$ 568.55 Million by 2028.
As per our report Middle East & Africa Airborne SATCOM Market, the market size is valued at US$ 421.78 Million in 2022, projecting it to reach US$ 568.55 Million by 2028. This translates to a CAGR of approximately 5.1% during the forecast period.
The Middle East & Africa Airborne SATCOM Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the Middle East & Africa Airborne SATCOM Market report:
The Middle East & Africa Airborne SATCOM Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The Middle East & Africa Airborne SATCOM Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the Middle East & Africa Airborne SATCOM Market value chain can benefit from the information contained in a comprehensive market report.
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