The rise in the application of satellites for a range of activities like surveillance, real-time imaging, communication, navigation, weather forecasting, broadband and connectivity, research, development, and testing, and IoT integration for various government, commercial, and civil-military domains is leading to the evolution in the space industry.
Technological developments in space-based radiofrequency (RF)/microwave components, miniaturization of parts, reducing launch costs, and increasing demand for stable connectivity in remote locations are primary factors supporting market opportunities. The rise in research and development efforts and collaborations between space organizations and universities are accelerating the pace of innovation in the space industry.
Space-Based RF & Microwave Technology Industry Overview:
The technological advancement in terms of size, reliability, transfer rate, and power consumption are driving the global space-based RF & microwave technology industry. In addition, the introduction of new private players and increasing government and institutional funding within the space domain help generate market opportunities.
The global space-based RF & microwave technology industry is estimated to reach $14,015.8 million in 2031, at a compound annual growth rate (CAGR) of 7.26% during the forecast period 2021-2031. The major driving factor of the market can be gauged by increasing space budgets by major countries for establishing a secure military and commercial space communication network.
About the Research Report on the Space-Based RF & Microwave Technology Industry:
The market research study offers a wide perspective on different platforms, applications, components, frequencies, and end user pertaining to the global space-based RF/microwave technology market and analyzes its impact on different regions by providing critical insights into the direction of its future expansion. The research is based on extensive primary interviews (in-house experts, market players, and industry leaders) and secondary research (a host of paid and unpaid databases), along with the analytical tools that have been used to build the forecast models.
Key Questions Answered in this Report:
- What are the futuristic trends in the global space-based RF/microwave technology market across different regions?
- What are the major driving forces expected to increase the demand for satellite connectivity during the forecast period 2021-2031?
- What are the major challenges inhibiting the growth of the global space-based RF/microwave technology market?
- What was the revenue generated in the global space-based RF/microwave technology market by various segments in 2020, and what are the estimates by 2031?
- Which end user of the global space-based RF/microwave technology market (government and military, logistics, media and telemetry, oil and gas, and environment and monitoring) is expected to dominate the market in the coming years?
- Which mass category (nano/micro, small, heavy) is expected to dominate the global space-based RF/microwave technology market according to the orbit in the coming years?
- What is the estimated revenue to be generated by the global space-based RF/microwave technology market across different regions (North America, Europe, Asia-Pacific, and Rest-of-the-World) during the forecast period?
- Who are the key players in the global space-based RF/microwave technology industry, and what are the new strategies that are being adopted by them to make a mark in the industry?
- What major opportunities do the global space-based RF/microwave technology market companies foresee in the next ten years?
- What is the competitive strength of the key leading players in the global space-based RF/microwave technology industry?
The report highlights the key driving factors and challenges for this market, as well as the opportunities for the global space-based RF/microwave technology market. In the extensive primary research process undertaken for this study, the primary sources include industry experts and key executives from prominent companies and their distributors in the global space-based RF/microwave technology market. This report segments the market region-wise, as North America (U.S., Canada), Europe (France, Germany, Russia, U.K., Rest of Europe), Asia-Pacific (China, India, Japan, Rest-of-Asia-Pacific), and the Rest-of-the-World (Africa, Latin America, Middle East).
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