Global Satellite Spectrum Monitoring Market to Reach $5,138.0 Million by 2031.
Research Reports
Mar 29, 2022
Global Information, Inc. [JASDAQ 4171]
The development of satellite spectrum monitoring system is crucial to carefully monitor the usage of available spectrum, as it is already a finite resource, and all radio services, ranging from commercial radio and television to military radar, must be accommodated within this spectrum. Satellite Spectrum Monitoring System is a part of the ground station, which will help to continuously monitor the spectrum of each satellite uplink or downlink, identify the harmful interference, and help locate the source of interference that is causing degradation of the satellite service performance.
The global satellite spectrum monitoring market is estimated to reach $5.14 billion in 2031 from $2.55 billion in 2021, at a growth rate of 7.24% during the forecast period. The major driving factor for the market’s robustness is the increasing growth in the small satellite market with the predicted launch of satellite constellations of communication for the various end users such as defense, government, and commercial is another major factor contributing to the spectrum demand. North America is expected to dominate the global satellite spectrum monitoring market during the forecast period. The factor attributing to the growth of this region is the high presence of the key companies highly engaged in developing and providing satellite spectrum monitoring solutions. The continuous technology advancement by key players in the satellite industry is another factor contributing to the growth of the market.
Some of the key players in the market that are making significant developments in the market to commercialize the technology is Anritsu, Calian Advanced Technologies, CRFS Limited, Integrasys S.A., Keysight Technologies, Kratos Defense & Security Solutions, Inc., ST Engineering, Clearboxsystem, and Rohde & Schwarz GmbH& Co.
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