Connect with us

Technology

Satellite Communication Market in Defense to Grow by USD 3.7 Billion from 2024-2028, Rising Seaborne Security Threats Drive Growth, Report with AI-Powered Market Evolution – Technavio

Published

on

NEW YORK, Nov. 7, 2024 /PRNewswire/ — Report on how AI is driving market transformation – The global satellite communication market in defense sector size is estimated to grow by USD 3.7 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of  9.3%  during the forecast period. Increased seaborne security threats is driving market growth, with a trend towards use of AI in satellite communication for earth-based observation. However, high cost of satellite hardware and components poses a challenge.Key market players include Airbus SE, Cobham Ltd., EchoStar Corp., Elbit Systems Ltd., Eutelsat S.A., General Dynamics Corp., Honeywell International Inc., Indra Sistemas SA, Inmarsat Global Ltd., KVH Industries Inc., L3Harris Technologies Inc., Lockheed Martin Corp., NSIL Corp. Ltd., ORBCOMM Inc., RTX Corp., Thales Group, Thuraya Telecommunications Co., and Viasat Inc..

Key insights into market evolution with AI-powered analysis. Explore trends, segmentation, and growth drivers- View Free Sample PDF

Satellite Communication Market In Defense Sector Scope

Report Coverage

Details

Base year

2023

Historic period

2018 – 2022

Forecast period

2024-2028

Growth momentum & CAGR

Accelerate at a CAGR of 9.3%

Market growth 2024-2028

USD 3659.5 million

Market structure

Fragmented

YoY growth 2022-2023 (%)

8.3

Regional analysis

North America, Europe, APAC, South America, and Middle East and Africa

Performing market contribution

North America at 39%

Key countries

US, China, UK, Germany, and India

Key companies profiled

Airbus SE, Cobham Ltd., EchoStar Corp., Elbit Systems Ltd., Eutelsat S.A., General Dynamics Corp., Honeywell International Inc., Indra Sistemas SA, Inmarsat Global Ltd., KVH Industries Inc., L3Harris Technologies Inc., Lockheed Martin Corp., NSIL Corp. Ltd., ORBCOMM Inc., RTX Corp., Thales Group, Thuraya Telecommunications Co., and Viasat Inc.

Market Driver

Satellite communication (SATCOM) in the defense sector is experiencing significant growth due to the increasing demand for real-time data transmission, video streaming, and IoT connectivity. Frequency bands such as X, C, and Ku are commonly used in military applications. Multi-orbit communication, including Low Earth Orbit (LEO) and Geostationary Orbit (GEO), is trending, with satellite constellations like Starlink and OneWeb leading the way. ISR, RPAS, and UAVs rely on SATCOM for connectivity, enabling real-time data tracking and analysis. AI and machine-to-machine communication are also transforming defense, with applications in autonomous technology and cybersecurity. Satellite infrastructure provides remote connectivity for digital transformation in defense forces. Commercial SATCOM equipment is used for maritime and airborne applications, while smart city initiatives and telecommunications benefit from satellite technology. Navigation services, weather tracking, and cybersecurity concerns are ongoing challenges. Satellite manufacturing, space technology, and space programs continue to innovate, with nanosatellites and microsatellites playing a growing role. 

In the defense sector, the integration of Artificial Intelligence (AI) in satellite communication is becoming increasingly valuable. Machine learning and analysis algorithms innovations enable AI to extract useful information from satellite-transmitted data. With a single satellite sending over a terabyte of earth imagery daily, human analysts find it challenging to process this vast amount of data. AI-based software applications simplify the process by gaining insights from the raw data, thereby driving their adoption in the defense sector. This trend is expected to continue as AI technology advances and becomes more sophisticated. 

Request Sample of our comprehensive report now to stay ahead in the AI-driven market evolution!

 Market Challenges

•         Satellite communication (SATCOM) plays a crucial role in the defense sector, enabling real-time data transmission for Intelligence, Surveillance, and Reconnaissance (ISR) missions. SATCOM supports voice communications, high-speed internet, navigation, and video streaming for unmanned aerial vehicles (UAVs) and remote connectivity for military forces. The defense industry faces challenges in managing frequency bands and satcom spectrum for connectivity solutions, including multi-orbit communication and satellite constellations. The integration of IoT, AI, and Intelligent Transport Systems (ITS) requires broadband internet access and machine-to-machine communication for asset tracking and environmental monitoring. Satellite infrastructure is essential for digital transformation, particularly in areas with limited terrestrial network coverage. Defense forces rely on satellite communication for direct-to-home (DTH) broadcasting, navigation services, and weather tracking. Cybersecurity concerns and the increasing use of autonomous technology necessitate satellite infrastructure and secure antenna systems. Satellite manufacturing, space technology, and space programs are essential for producing advanced communications satellites, including CubeSats, nanosatellites, and microsatellites. The defense sector’s satellite communication needs continue to evolve, driven by the demands of modern warfare and digital transformation.

•         Satellite communication in the defense sector faces unique challenges due to the extreme conditions of space and stringent security and certification requirements. The cost of developing and manufacturing satellites has increased significantly due to the use of advanced materials and technologies. Transponders, a crucial component of satellites, require substantial maintenance costs, amounting to hundreds of thousands of dollars annually. Additionally, the minimum cost of bandwidth per MHz is approximately USD3,500 per month. These factors contribute to the high expenses associated with satellite communication in the defense sector. Despite these challenges, the benefits of secure and reliable satellite communication for military applications make it an essential investment for defense organizations.

Discover how AI is revolutionizing market trends- Get your access now!

Segment Overview 

This satellite communication market in defense sector report extensively covers market segmentation by  

Application 1.1 Surveillance and tracking1.2 Remote sensing1.3 Disaster recovery1.4 OthersGeography 2.1 North America2.2 Europe2.3 APAC2.4 South America2.5 Middle East and Africa

1.1 Surveillance and tracking-  Satellite communication plays a crucial role in the defense sector by providing essential data regarding territorial boundaries and enhancing security. Defense satellites can transmit information from enemy territories, identify suspicious locations, and guide military personnel during active missions. They also ensure the safety of military personnel and provide extra security coverage for leaders and high-ranking officials. Countries like India, the US, and Israel have launched defense satellites, such as NROL-44 by the US National Reconnaissance Office (NRO), to obtain surveillance data and monitor field operatives in challenging terrains. These satellites contribute significantly to the growth of the surveillance and tracking segment in the satellite communication market within the forecast period.

Download a Sample of our comprehensive report today to discover how AI-driven innovations are reshaping competitive dynamics

Research Analysis

Satellite Communication, a vital component of the defense sector, enables data transmission and voice communications over long distances. It provides high-speed internet, navigation, remote sensing, and weather tracking capabilities, making it essential for military operations. The technology utilizes electromagnetic waves transmitted through frequency bands, including Satcom Spectrum, to deliver connectivity solutions. Multi-orbit communication through various orbits, such as Geostationary Orbit (GEO) and Low Earth Orbit (LEO), supports various applications, including video streaming, IoT connectivity, and machine-to-machine communication. Small satellite constellations are increasingly popular due to their cost-effectiveness and flexibility. Earth Observation Systems and Weather Satellites are crucial applications in defense, providing real-time intelligence and monitoring capabilities. Satellites and spacecraft in various orbits around Earth facilitate these services, revolutionizing defense communications.

Market Research Overview

Satellite communication (SATCOM) plays a crucial role in the defense sector, providing secure and reliable connectivity for various applications. SATCOM enables real-time data transmission for Intelligence, Surveillance, and Reconnaissance (ISR) missions, Remote Piloted Aircraft Systems (RPAS) or Unmanned Aerial Vehicles (UAVs), and other defense operations. Frequency bands such as S-band, X-band, and Ka-band are commonly used for defense SATCOM, with multi-orbit communication including Low Earth Orbit (LEO) and Geostationary Orbit (GEO) providing coverage for different regions and applications. SATCOM supports various defense initiatives, including video streaming for situational awareness, IoT connectivity for asset tracking and environmental monitoring, and machine-to-machine communication for autonomous technology. Satellite constellations, including small satellite constellations like CubeSats and nanosatellites, offer cost-effective solutions for real-time data tracking and broadband internet access. SATCOM infrastructure includes antennas, navigation services, and satellite manufacturing for space technology and space programs. Defense forces rely on SATCOM for communication networks, airborne and maritime equipment, and smart city initiatives. However, cybersecurity concerns are a significant challenge for SATCOM in the defense sector, requiring advanced encryption and security measures. SATCOM applications in the defense sector include voice communications, high-speed internet, navigation, remote sensing, weather tracking, and spectrum allocation. SATCOM supports various defense missions, from military and defense operations to media and broadcasting, such as Direct-to-Home (DTH) broadcasting and airtime services. SATCOM infrastructure and technology continue to evolve, enabling new applications and enhancing defense capabilities.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

ApplicationSurveillance And TrackingRemote SensingDisaster RecoveryOthersGeographyNorth AmericaEuropeAPACSouth AmericaMiddle East And Africa

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

View original content to download multimedia:https://www.prnewswire.com/news-releases/satellite-communication-market-in-defense-to-grow-by-usd-3-7-billion-from-2024-2028–rising-seaborne-security-threats-drive-growth-report-with-ai-powered-market-evolution—technavio-302297200.html

SOURCE Technavio

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Technology

How the Top 10% of CTOs Drive Meaningful Business Growth

Published

on

By

Only a shocking 10% of CTOs will drive value for their organizations, according to a recent Forester prediction. By understanding how the top 10% of CTOs have reshaped their role, this article discusses how aspiring trailblazers can shift their perspectives and priorities to join the elite ranks of tech leaders.

SAINT PAUL, Minn., Nov. 7, 2024 /PRNewswire-PRWeb/ — Forrester experts have made a prediction that should be a resounding wake-up call for tech leaders: only 10% of CTOs will actually drive business growth. For the other 90%, the risk is clear—CTOs who fail to demonstrate their value will quickly be replaced by ones who can.

Elite tech leaders serve as thought leaders and pioneers within their own field. As such, the top 10% of CTOs today focus on claiming competitive advantages through the use of emerging technologies. – Inkit CEO Michael McCarthy

What exactly defines this new breed of tech leader, and what are these elite CTOs doing differently to drive growth? Here are the three essential practices that differentiate the good from the great CTOs today.

They Focus on Scale

Successful CTOs align their strategies with overall business goals, using automation and integrated technologies to scale other departments. By implementing centralized tools that standardize data, unify analytics, and automate tedious processes like lead scoring, follow-ups, relationship management, and contract management, elite CTOs are empowering RevOps, sales, and marketing teams to optimize every step of the sales funnel, reach more potential leads, and close deals faster.

However, for the top 10% of CTOs, successfully driving growth is not a solo endeavor. They know that leadership buy-in determines future outcomes for any digital transformation initiative.

They Work Closely with Other CxOs

According to Gartner, by co-leading initiatives with their fellow CxOs, CTOs are twice as likely to meet or exceed expected ROIs for digital technology investments. This involves creating cross-department teams that share responsibilities for technology rollouts, pool resources, and lend vertical-specific knowledge to ensure the most efficient and valuable outcomes. Co-leadership structured engagements also have the potential to uncover new areas for improvement and enhance organizational collaboration and culture.

While working with CxOs unlocks new opportunities within these non-tech domains, elite tech leaders serve as thought leaders and pioneers within their own field. As such, the top 10% of CTOs today focus on claiming competitive advantages through the use of emerging technologies.

If There’s New Tech, They’re Already Using It

Another prediction from the Forrester report indicates that enterprise AI initiatives will boost productivity and creative problem-solving by 50% in 2024. Similarly, Generative AI has become a popular tool to simplify user interfaces and serve as a digital assistant within complicated tools. CTOs are hurrying to adopt AI before their competitors, and businesses today are quick to announce their implementation of next-gen technologies that claim to improve their products with new, dazzling features—but the top 10% of CTOs have assessed these new technologies well before the rest.

Document generation (i.e., DocGen) and digital signatures are another technology on the radar for many top CTOs. Regarded as a vital tool for automating digital workflows, DocGen empowers organizations to create, share, sign, and retain documents at scale. DocGen tools also help CTOs to automatically meet compliance requirements for security, data privacy, and retention policies across the entire organization with minimal training required.

Finally, for CTOs in retail, finance, cryptocurrency, and logistics, blockchain and Internet of Things (IoT) technology allow for secure, autonomous machine-to-machine transactions that reduce operational complexity and open new avenues for innovation in smart automation.

Join the Elite CTOs Driving Business Growth

Top CTOs drive growth by strategically aligning advanced technologies with business goals through cross-functional teamwork. By evaluating emerging technologies like Generative AI, document generation, automation, and more, the top 10% of CTOs are successfully accelerating the pace of growth, innovation, and collaboration for their organizations.

About Inkit

Inkit is the only Secure Document Generation (SDG) software that allows users to generate, sign, and retain documents in total privacy. Scale your workflows using our DocGen automation solution to create documents and forms using custom templates and data sources with our API. Elevate the security of your legally-binding documents with digital signatures. Protect agreements with advanced encryption and authenticity certificates to streamline processes and ensure peace of mind. Get the privacy and automation your team needs to optimize records management and compliance. Create disappearing documents that automatically expire based on predesignated parameters. Connect seamlessly with your favorite apps to generate Microsoft Word, PowerPoint, Excel, PDF, and HTML documents. Experience an all-inclusive solution for ultimate file control and security. Inkit is privately owned and headquartered in St. Paul, Minnesota, with offices in San Juan, Puerto Rico, and Washington, D.C.

Media Contact

Patrick Lethert, Inkit, 1 8008995773, patrick@inkit.com, https://www.inkit.com

LinkedIn

View original content to download multimedia:https://www.prweb.com/releases/how-the-top-10-of-ctos-drive-meaningful-business-growth-302298321.html

SOURCE Inkit

Continue Reading

Technology

LG Energy Solution to Supply Next-Generation 4695 Cylindrical Batteries to Rivian

Published

on

By

Supply agreement will last over five years and total 67GWh.4695 cells, offering a long range and high safety, will be produced in the U.S.Batteries will power Rivian’s R2 model for the North American market.

SEOUL, South Korea, Nov. 7, 2024 /PRNewswire/ — LG Energy Solution (KRX: 373220) today announced that LG Energy Solution Arizona, a fully owned subsidiary of LG Energy Solution, has signed a supply agreement with Rivian, a U.S.-based automotive manufacturer.

Under the agreement, LG Energy Solution will provide Rivian with its advanced 4695 cylindrical batteries for over five years, totaling 67GWh.

With a diameter of 46mm and height of 95mm, the next-generation 4695 cylindrical battery is recognized for offering both a long range and high safety. It features over six times the capacity of the existing 2170 cylindrical batteries. Its larger size enables higher energy density, improved space efficiency, and enhanced safety, which is attracting industry-wide attention.

Within the first year of production, the batteries will be eventually manufactured at LG Energy Solution’s stand-alone plant in Arizona, and delivered to Rivian’s facility in Normal, Illinois, for use in the R2 model for the North American market.

LG Energy Solution has been advancing its cylindrical battery technology over the past 20 years, supported by its extensive manufacturing experience and broad patent portfolio.

The supply agreement with Rivian is expected to further strengthen LG Energy Solution’s presence in the U.S. market and its plans to actively respond to the IRA by developing and supplying competitive battery cells in a timely manner while expanding into new markets.

Given the strong interest from automakers in its 46-series cylindrical batteries, LG Energy Solution also expects to extend its leadership in this growing sector.

“Due to the dynamic nature of the current EV market, an increasing number of global automakers are demonstrating a strong preference for a diverse range of battery form factors,” said David Kim, CEO of LG Energy Solution. “This large-scale order from Rivian for 4695 batteries marks a key milestone for LG Energy Solution in expanding its client base within the cylindrical battery segment.”

About LG Energy Solution

LG Energy Solution (KRX: 373220), a split-off from LG Chem, is a leading global manufacturer of lithium-ion batteries for electric vehicles, mobility, IT, and energy storage systems. With 30 years of experience in revolutionary battery technology and extensive research and development (R&D), the company is the top battery-related patent holder in the world with over 58,000 patents. Its robust global network, which spans North America, Europe, and Asia, includes battery manufacturing facilities established through joint ventures with major automakers. Committed to building sustainable battery ecosystem, LG Energy Solution aims to achieve carbon neutrality across its value chain by 2050, while embodying the value of shared growth and promoting diverse and inclusive corporate culture. To learn more about LG Energy Solution’s ideas and innovations, visit https://news.lgensol.com.

View original content:https://www.prnewswire.com/news-releases/lg-energy-solution-to-supply-next-generation-4695-cylindrical-batteries-to-rivian-302299455.html

SOURCE LG Energy Solution

Continue Reading

Technology

PayrollOrg’s Chapter Leadership Summit to Equip Payroll Chapter Leaders with Tools for Success

Published

on

By

LAS VEGAS, Nov. 7, 2024 /PRNewswire/ — PayrollOrg (PAYO) will provide local chapter leaders with the essential tools and guidance they need to ensure the ongoing success of their chapters at the Chapter Leadership Summit, November 7 – 8 in Las Vegas, Nevada.

“Supporting our chapter leaders is crucial to the growth and sustainability of local chapters,” said Dan Maddux, executive director of PayrollOrg. “The Chapter Leadership Summit is designed to not only provide practical tools and strategies but also foster a strong network of motivated leaders who can inspire their teams and communities.”

Participants will have the unique opportunity to connect with fellow leaders, exchange ideas, and develop strategies to motivate their chapter members. Tailored educational sessions will offer specialized training on critical topics such as fiscal responsibility, general chapter operations, and event planning. These sessions will be led by guest speakers with expertise in chapter management and leadership development.

The conference will be held at MEET Las Vegas in downtown Las Vegas. Visit PAYO online to view the full conference agenda. The event is sponsored by Wisely by ADP.

PayrollOrg is the leader in payroll education, publications, and training. Visit PAYO online at www.payroll.org.

View original content to download multimedia:https://www.prnewswire.com/news-releases/payrollorgs-chapter-leadership-summit-to-equip-payroll-chapter-leaders-with-tools-for-success-302299403.html

SOURCE PayrollOrg

Continue Reading

Trending