LONDON--(BUSINESS WIRE)--According to the latest market study released by Technavio, the global satellite transponder market is expected to grow at a CAGR of almost 5% during the forecast period.
This research report titled ‘Global Satellite Transponder Market 2017-2021’ provides an in-depth analysis of the market in terms of revenue and emerging market trends. This market research report also includes up to date analysis and forecasts for various market segments and all geographical regions.
The increased demand for single channel per channel (SCPC) links, bandwidth leasing, and high throughput satellite (HTS) spot beams based on throughput capacity are the major drivers of the global satellite transponder market. The market value is calculated by considering the leasing cost of the transponder. One of the factors leading to the market's rapid increase in revenue between 2016 and 2017 is the increased utilization rate of transponders due to satellite launches planned for H2 2017. Remote sensing is an emerging application area expected to grow over the forecast period.
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Technavio’s hardware and semiconductor research analysts categorize the global satellite transponder market into the following segments by the application. They are:
- Communication
- Earth observation
- Technology development
- Navigation
- Space science
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The top three revenue-generating application segments of the global satellite transponder market are discussed below:
Communication
With the emergence of Internet of Things (IoT) across the globe, broadband connectivity plays a vital role in providing information to individuals. The telecom industry is looking to lease a number of satellite transponders to provide broadband facilities to isolated places as well as across the globe. The demand for video broadcasting subscribers is driving the satellite transponder market.
According to Jujhar Singh, a lead embedded systems research analyst from Technavio, “Satellite transponders are used in various communication applications such as machine-to-machine communication, maritime broadband, and in-flight communication. These communication applications have been growing rapidly, which, in turn, is positively affecting the satellite transponder market.”
Earth observation
Earth observation satellites are used to gather information on global environmental conditions and are essential to understanding various geographical and weather-related phenomena. The need to identify potential environmental disasters before they strike and to manage Earth’s natural resources optimally have been important factors driving the use of these satellites. There are currently 374 satellites in orbit across the globe for Earth observation.
“Data from satellites provides information to understand the processes and interactions between land, the atmosphere, and the oceans. Different data sets can be derived for applications as varied as forestry, agriculture, geology, risk management, and defense. For data communication, the satellites are uplinked and downlinked with the help of transponders, which will drive the market for satellite transponders,” adds Jujhar.
Technology development
Technology demonstration or development satellites are used to test newly deployed technologies in satellites, such as advanced communications, propulsion capabilities, and deep-space navigation.
Approximately 160 technology development satellites are active in orbit around the Earth. The results and outcomes of the deployed satellites can be easily transferred to ground stations using transponder signals. Technology development satellites have about 25 or more transponders to find the causes and effects of specific satellite conditions at regular intervals of deployment.
The top vendors highlighted by Technavio’s research analysts in this report are:
- Eutelsat
- Intelsat
- Inmarsat
- SES
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