The Satellite Antenna Market is expected to be valued at USD 2.05 Billion in 2017 and is projected to reach USD 2.99 billion by 2022, at a CAGR of 7.85% during the forecast period.
Factors such as low operational cost, advanced mechanics, ease of assemble and launch, mass production, and long lifecycle of satellites have garnered interest of satellite manufacturing and related players in the satellite industry. The growth in the satellite market has aided the increase in use of satellite antennas, thus boosting the satellite antenna market.
The growing trend of using off-the-shelf CubeSats and reusable rocket technology is further expected to drive the market growth. However, poor transmission of signals in satellites antennas and radio spectrum availability issues are the factors restraining the growth of the satellite antenna market.
The satellite antenna market, by frequency band, is segmented into VHF & UHF band, S & L band, C, Ku & Ka band, X band, and others. Satellites operate on different frequency bands, which are used for transmission of signals, depending on the nature of the operation. C and Ku bands are majorly used in parabolic reflector antennas used by industries such as telecommunication and broadcast as well as scientific research. As Ku and C bands operate at high-frequency range, high gain in terms of better satellite link coverage can be achieved even with small antenna sizes, which are suitable for defense operations. Moreover, networks in Ku band are susceptible to rain fade, mostly in tropical areas, which enables them to perform noise free commutation.
China, India, Japan, South Korea, and Rest of Asia Pacific are considered for the analysis of the Asia Pacific satellite antenna market. The Rest…