Satellite Spectrum Monitoring Market Share, Growth and Demand Forecast to 2030

Posted by Aryan on February 20th, 2024

The size of the satellite spectrum monitoring market will power at a compound annual growth rate of 7.1% during 2021-2030, to touch a value of USD 6,127.3 million by 2030.

This is due to the intensifying signal interference due to satellite communication (SATCOM) proliferation and the increasing spectrum congestion because of the advancements in technology.

The space sector is growing at a good pace due to various initiatives from government organizations and investments made by entrepreneurs in this business, across the world.

Moreover, the market is experiencing significant growth due to numerous factors such as the appearance of new technologies like electronic propulsion systems, air-breathing propulsion systems, 3D printed electronic components and structures, and reusable launch vehicles.

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The number of internet users all over the world is increasing, which is resulting in a huge amount of data being generated, which further makes the satellite spectrum highly crowded and congested. This drives the demand for satellite spectrum monitoring.

Expanded connectivity demand is also increasing such as IoT, 5G, high-altitude platform and non-geostationary orbit satellite systems leading to increased pressure to access the spectrum in different frequency bands.

These low-cost networks can enable satisfactory data transfer rate which allows greater mobility and comfort for users. As spectrum is a rare resource, the continuous monitoring of the current spectrum from regulators is essential, subsequently leading to high demand for an advanced satellite spectrum monitoring system.

This system identifies areas where efficiency can be improved and ensures equitable access and an interference-free environment for different users and services. The satellite spectrum monitoring technique mainly focuses on local monitoring issues which allows individual stations to communicate and exchange data to achieve optimum performance.

A cloud-based satellite spectrum monitoring approach is being adopted to solve the monitoring issue. This approach enables sensor nodes to directly transmit monitoring data to the clouds, and then, it carries the multi-dimensional data with advanced cloud computing techniques having high flexibility.

The SHF category will grow at a CAGR of 8.1% during 2021–2030. The SHF functions in the range of 3–30 GHz and most frequency bands used for SATCOM fall under this range. The waves provide the transmission of significant amounts of data without being susceptible to the weather.

The hardware solution category is expected to grow at a CAGR of 6.9% during 2021–2030. This is due to the fast and effective satellite signal monitoring solutions. The hardware solution monitors large blocks of the spectrum combined with precise digital modulation analysis to validate satellite signal integrity up to 27 GHz.

Due to the presence of many significant market players, North America dominated the satellite spectrum monitoring market. The recent satellite launches from companies such as SpaceX and Amazon for broadband and internet applications will lead to the high demand for wireless technology, making the unlicensed spectrum more crowded

Increasing spectrum congestion due to advancements in technology and intensifying signal interference due to satellite communication proliferation are some factors which will benefit the industry in the coming years.