衛星NTN市場 – 2030年までの世界予測

Satellite NTN Market - Global Forecast To 2030

衛星NTN市場 - テクノロジー(NR NTN、IoT NTN)、ハードウェア(RFフロントエンド、アンテナ、オンボードプロセッサ)、用途(eMBB、mMTC、uRLLC)、周波数(L、S、C、KuおよびKa、HF/VHF/UHFバンド)、軌道、最終用途および地域別 - 2030年までの世界予測
Satellite NTN Market by Technology (NR NTN, IoT NTN), Hardware (RF Front End, Antenna, Onboard Processors), Application (eMBB, mMTC, uRLLC), Frequency (L, S, C, Ku and Ka, HF/VHF/UHF-band), Orbit, End Use and Region - Global Forecast to 2030

商品番号 : SMB-80105

出版社MarketsandMarkets
出版年月2025年6月
ページ数236
図表数248
価格タイプシングルユーザライセンス
価格USD 4,950
種別英文調査報告書

本調査は、衛星NTN市場を様々なセグメントおよびサブセグメントにわたって網羅しています。軌道、周波数、最終用途セクター、ハードウェア、技術、用途、地域に基づき、様々なセグメントにおける市場規模と成長ポテンシャルを推定することを目的としています。また、本調査では、市場の主要プレーヤー、企業概要、ソリューションおよび事業提供に関する主要な考察、各社が実施した最近の開発状況、そして各社が採用した主要な市場戦略に関する詳細な競合分析も提供しています。

The satellite NTN market is projected to grow from USD 0.56 billion in 2025 to USD 2.79 billion by 2030 at a CAGR of 38.0%. Market growth is driven by the standardized 5G NR protocols for end-to-end terrestrial-satellite interoperability to enable mobile, global broadband services. It is also driven by advancements in light, steerable antennas, and onboard processing, making satellite operations more flexible and efficient. The market’s growth can also be attributed to the development of NTNs for autonomous vehicles, AI-focused IoT networks, and critical infrastructure monitoring. Additionally, strategic government and military interest in multi-orbit, resilient communication networks also drive growth, helped by continued investment and innovation above traditional telecom requirements.

衛星NTN市場は、2025年の5億6,000万米ドルから2030年には27億9,000万米ドルへと、年平均成長率(CAGR)38.0%で成長すると予測されています。市場の成長は、モバイルおよびグローバルブロードバンドサービスを可能にする、地上と衛星間のエンドツーエンドの相互運用性を実現する標準化された5G NRプロトコルによって牽引されています。また、軽量で可動式のアンテナとオンボード処理の進歩により、衛星運用の柔軟性と効率性が向上していることも、市場の成長を牽引しています。さらに、自律走行車、AI重視のIoTネットワーク、重要インフラ監視用のNTNの開発も、市場の成長に貢献しています。さらに、政府および軍が、従来の通信要件を超える継続的な投資とイノベーションに支えられ、複数軌道の耐障害性通信ネットワークに対する戦略的な関心も成長を牽引しています。

衛星NTN市場 - 2030年までの世界予測
satellite-ntn-market

“By hardware, the antenna segment is projected to account for the largest share in the satellite NTN market during the forecast period.”

The antenna segment is projected to lead the satellite NTN market during the forecast period due to the central role of antennas in enabling reliable and efficient signal transfer and separate height and reception in network configurations. As NTNs are integrated with 5G and support dynamic cases, there is a growing demand for advanced, primarily electronic stereo antennas, which can trace many dynamic satellites and maintain the connection. The US is an essential contributor to the development of antennas, inspired by substantial investments in antenna R&D and the presence of important manufacturers, such as L3harris, Kymmeta, and Ball Aerospace. As per SpaceX and Amazon, US-based satellite operators distribute prominent LEO constellations requiring scalable, light, and low power-up solutions for satellites and ground terminals. In addition, the US Department of Defense is invested in a rubbing, multi-orbit antenna system to ensure flexible communication in a flexible and distant environment.

“By orbit, the LEO segment is projected to register the highest growth in the satellite NTN market during the forecast period.”

The LEO segment is projected to register the highest growth during the forecast period due to the ability of LEO satellite communication systems to provide high movement connections with little reconciliation, global access-5 g backhauls, real-time IoT, and autonomous transport. Unlike traditional geostationary satellites, LEO satellites work at an altitude of 500–2,000 km, significantly reducing the signal delay, enabling rapid data transfer, and making themselves ideal for time-sensitive use cases. The US is ahead of this development, focusing on large-scale processing through major initiatives, such as SpaceX’s Starlink and Amazon’s Project Kuiper. This mega-constellation aims to distribute thousands of satellites to blanket the globe with broadband coverage, especially in external and lowered areas.

“By end use sector, the commercial segment is projected to account for the largest share during the forecast period.”

The commercial segment is projected to account for the largest share in the satellite Non-Terrestrial Network (NTN) market during the forecast year due to the runaway demand for high-speed, pervasive connectivity in a host of civilian applications. Maritime, aviation, logistics, agriculture, mining, and media sectors are increasingly leveraging satellite NTN services to offer network extension beyond the reach of ground infrastructure, especially in remote and underserved areas. Mobile broadband, intelligent transportation, and industrial IoT have fueled an attractive commercial rationale for the deployment of satellite NTNs to offer fault-tolerant and unaltered communication. Notably, NTN integration with 5G creates enormous consumer and enterprise market opportunities where high-bandwidth, real-time connectivity is required. Ambitious commercial initiatives, such as SpaceX’s Starlink and Amazon’s Project Kuiper, fuel the trend by offering scalable, low-latency internet services directly to consumers, enterprises, and government users. These initiatives are backed by significant private investments and pre-launch service contracts from various industries looking for reliable satellite broadband solutions. The convergence of wide application relevance, cost-effective LEO constellations, and growing commercial partnerships is making the commercial segment the primary driver of the growth of the satellite NTN market.

衛星NTN市場 - 2030年までの世界予測 region
satellite-ntn-market1-region

“Europe is projected to be the fastest-growing regional market in the satellite NTN market during the forecast period.”

Europe is projected to be the fastest-growing market due to strong institutional support, which increases the demand for flexible connections and ambitious regional efforts. The EU and ESA (European Space Agency) invest heavily in the next generation of satellite infrastructure (satellite flexibility, interaction and security infrastructure and security infrastructure) to enable authorities and commercial communications in Europe and Africa. European countries focus on digital inclusion, promoting satellite NTN for connecting villages and remote villages. Europe also invests in local satellite production, launch services, and NTN technology R&D. Market leaders like Airbus, Thales Alenia Space, and SES are expanding NTN portfolios, and greater collaboration between satellite operators and telecom operators is making hybrid terrestrial-satellite 5G networks a reality. The regulatory environment in Europe is also changing to enable spectrum allocation and NTN deployment at speed. All these drivers combined build a strong and competitive ecosystem, making Europe the fastest-growing market for satellite NTN.

The study contains insights from various industry experts, from component suppliers to Tier 1 companies and OEMs. The break-up of the primaries is as follows:

  • By Company Type: Tier 1–35%; Tier 2–45%; and Tier 3–20%
  • By Designation: C-Level Designations–25%; Directors–30%; and Others–45%
  • By Region: North America–45%; Europe–25%; Asia Pacific–20%; Rest of the World–10%

Airbus (Netherlands), Thales Alenia Space (France), Kongsberg (Norway), Analog Devices, Inc. (US), and NEC Corporation (Japan) are some of the leading players operating in the satellite NTN market.

衛星NTN市場 - 2030年までの世界予測 ecosystem
satellite-ntn-market-ecosystem

Research Coverage

The study covers the satellite NTN market across various segments and subsegments. It aims to estimate this market’s size and growth potential across different segments based on orbit, frequency, end use sector, hardware, technology, application, and region. This study also includes an in-depth competitive analysis of the key players in the market, their company profiles, key observations related to their solutions and business offerings, recent developments undertaken by them, and key market strategies they adopted.

Key Benefits of Buying this Report

This report will help market leaders/new entrants with information on the closest approximations of the revenue numbers for the overall satellite NTN market and its subsegments, as it covers the entire ecosystem of the satellite NTN market. It will help stakeholders understand the competitive landscape and gain more insights to position their businesses better and plan suitable go-to-market strategies. The report will also help stakeholders understand the market’s pulse and provide them with information on key market drivers, restraints, challenges, and opportunities.

The report offers insights on the following points:

  • Analysis of key drivers and factors, such as Acceleration of LEO deployments for low-latency NTN and 3GPP standardization of driving investments in direct-to-device and IoT satellite connectivity
  • Product Development: In-depth product innovation/development analysis by companies across various regions
  • Market Development: Comprehensive information about lucrative markets–the report analyses the satellite NTN market across various regions
  • Market Diversification: Exhaustive information about new solutions, untapped geographies, recent developments, and investments in the satellite NTN market
  • Competitive Assessment: In-depth assessment of market shares, growth strategies, and product offerings of leading players, such as Airbus (Netherlands), Thales Alenia Space (France), Kongsberg (Norway), Analog Devices, Inc. (US) and NEC Corporation (Japan), among others, in the satellite NTN market.

Table of Contents

1               INTRODUCTION              24

1.1           STUDY OBJECTIVES       24

1.2           MARKET DEFINITION   24

1.3           STUDY SCOPE   25

1.3.1        MARKET SEGMENTATION           25

1.3.2        INCLUSIONS & EXCLUSIONS       25

1.4           YEARS CONSIDERED      26

1.5           CURRENCY CONSIDERED            26

1.6           STAKEHOLDERS               27

2               RESEARCH METHODOLOGY       28

2.1           RESEARCH DATA              28

2.1.1        SECONDARY DATA          29

2.1.1.1    Key data from secondary sources       30

2.1.2        PRIMARY DATA 30

2.1.2.1    Primary sources    30

2.1.2.2    Key data from primary sources           31

2.2           FACTOR ANALYSIS          32

2.2.1        INTRODUCTION              32

2.2.2        DEMAND-SIDE INDICATORS      32

2.2.3        SUPPLY-SIDE INDICATORS          32

2.3           MARKET SIZE ESTIMATION         33

2.3.1        BOTTOM-UP APPROACH              33

2.3.1.1    Market size estimation methodology (Demand side)     33

2.3.1.2    Market size illustration – Spain’s LEO orbit satellite NTN market size          34

2.3.2        TOP-DOWN APPROACH                35

2.4           DATA TRIANGULATION                36

2.5           RESEARCH ASSUMPTIONS           37

2.6           RESEARCH LIMITATIONS             38

2.7           RISK ASSESSMENT           38

3               EXECUTIVE SUMMARY  39

4               PREMIUM INSIGHTS       42

4.1           ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN SATELLITE NTN MARKET             42

4.2           SATELLITE NTN MARKET, BY APPLICATION       42

4.3           SATELLITE NTN MARKET, BY ORBIT       43

4.4           SATELLITE NTN MARKET, BY COUNTRY               43

5               MARKET OVERVIEW AND INDUSTRY TRENDS    44

5.1           INTRODUCTION              44

5.2           MARKET DYNAMICS       44

5.2.1        DRIVERS               45

5.2.1.1    Acceleration of LEO deployments for low-latency NTN                 45

5.2.1.2    3GPP standardization to drive investments in direct-to-device and IoT satellite connectivity              45

5.2.2        RESTRAINTS      46

5.2.2.1    Regulatory barriers in cross-border spectrum and licensing to hinder deployment of NTNs               46

5.2.2.2    Latency and quality-of-service tradeoffs           46

5.2.3        OPPORTUNITIES              47

5.2.3.1    Expansion of NTN-enabled 5G backhaul in rural markets                 47

5.2.3.2    Development of multi-orbit hybrid network architectures for enhanced global connectivity              47

5.2.4        CHALLENGES    48

5.2.4.1    Complex integration of NTN and terrestrial networks   48

5.2.4.2    Disruptions in satellite and launch supply chain             48

5.2.4.3    Thermal, power, and size limitations in satellite hardware                 49

5.2.4.4    Risks of orbital congestion and spectrum interference   49

5.3           SATELLITE NTN LAUNCHES: VOLUME DATA      50

5.4           TRENDS AND DISRUPTIONS IMPACTING CUSTOMER BUSINESS            50

5.5           ECOSYSTEM ANALYSIS  51

5.5.1        PAYLOAD MANUFACTURERS     51

5.5.2        COMPONENT PROVIDERS           51

5.5.3        END USERS         51

5.6           VALUE CHAIN ANALYSIS               53

5.7           PRICING ANALYSIS          55

5.7.1        AVERAGE SELLING PRICE TREND, BY REGION   55

5.7.2        INDICATIVE PRICING ANALYSIS, BY ORBIT          56

5.8           CASE STUDY ANALYSIS 57

5.8.1        IRIDIUM COLLABORATED WITH QUALCOMM TO INTEGRATE ITS SATELLITE NTN CAPABILITIES INTO SNAPDRAGON SATELLITE           57

5.8.2        BT PARTNERED WITH ONEWEB TO PROVIDE HIGH-SPEED, LOW-LATENCY SATELLITE NTN BACKHAUL VIA LEO SATELLITES TO ESTABLISH REMOTE CONNECTIVITY   57

5.8.3        INTELSAT DEPLOYED HYBRID NTN SOLUTION USING GEO AND LEO SATELLITE INTEGRATION, OFFERING MANAGED SERVICES FOR SECURE ENTERPRISE NETWORKING AND SCADA SYSTEMS              57

5.9           HS CODES           58

5.9.1        IMPORT SCENARIO         58

5.9.2        EXPORT SCENARIO         59

5.10         KEY CONFERENCES & EVENTS, 2025–2026              60

5.11         TARIFF & REGULATORY LANDSCAPE     61

5.11.1      TARIFF DATA (HS CODE: 880260)               61

5.11.2      REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS             62

5.12         KEY STAKEHOLDERS & BUYING CRITERIA            65

5.12.1      KEY STAKEHOLDERS IN BUYING PROCESS           65

5.12.2      BUYING CRITERIA           66

5.13         TECHNOLOGY ANALYSIS             67

5.13.1      KEY TECHNOLOGIES     67

5.13.1.1  Regenerative payloads         67

5.13.1.2  Software-defined payloads (SDPs)   67

5.13.1.3  Active and passive RF components   68

5.13.2      COMPLEMENTARY TECHNOLOGIES       68

5.13.2.1  High-frequency band technology (Ku/Ka)      68

5.13.2.2  Quantum cryptography       69

5.13.3      ADJACENT TECHNOLOGIES       69

5.13.3.1  Inter-satellite links (ISL)    69

5.14         INVESTMENT & FUNDING SCENARIO     70

5.15         MACROECONOMIC OUTLOOK  71

5.15.1      INTRODUCTION              71

5.15.2      NORTH AMERICA             71

5.15.3      EUROPE               71

5.15.4      ASIA PACIFIC     72

5.15.5      MIDDLE EAST   72

5.15.6      LATIN AMERICA & AFRICA           72

5.16         BILL OF MATERIALS (BOM) ANALYSIS   73

5.17         TECHNOLOGY ROADMAP            75

5.18         TOTAL COST OF OWNERSHIP (TCO)      76

5.19         IMPACT OF 2025 US TARIFF         77

5.19.1      INTRODUCTION              77

5.19.2      KEY TARIFF RATES          78

5.19.3      PRICE IMPACT ANALYSIS             79

5.19.4      IMPACT ON COUNTRY/REGION                80

5.19.4.1  US           80

5.19.4.2  Europe   80

5.19.4.3  Asia Pacific            80

5.19.5      IMPACT ON END USE INDUSTRIES          81

5.19.5.1  Commercial           81

5.19.5.2  Defense  81

5.19.5.3  Government           81

5.20         INDUSTRY TRENDS         82

5.20.1      INTRODUCTION              82

5.20.2      TECHNOLOGY TRENDS                82

5.20.2.1  Miniaturization of satellite components            83

5.20.2.2  Hybrid satellite-terrestrial network integration                83

5.20.2.3  Advanced thermal management solutions        84

5.20.2.4  Advanced propulsion systems for satellite mobility        84

5.21         IMPACT OF MEGATRENDS          85

5.21.1      ARTIFICIAL INTELLIGENCE (AI) FOR NETWORK OPTIMIZATION AND AUTOMATION       85

5.21.2      CONNECTIVITY AND INTEGRATION WITH TERRESTRIAL NETWORKS           85

5.21.3      BIG DATA AND ANALYTICS FOR ENHANCED DECISION-MAKING               86

5.21.4      BLOCKCHAIN FOR SECURE SATELLITE COMMUNICATIONS       86

5.22         IMPACT OF GENERATIVE AI       87

5.22.1      INTRODUCTION              87

5.22.2      ADOPTION OF AI IN SPACE INDUSTRY, BY KEY COUNTRY            88

5.22.3      IMPACT OF AI ON SPACE: USE CASES     89

5.22.4      IMPACT OF AI ON SATELLITE NTN MARKET       91

5.23         PATENT ANALYSIS          92

6               SATELLITE NTN MARKET, BY ORBIT       96

6.1           INTRODUCTION              97

6.2           LEO        98

6.2.1        ABILITY TO DELIVER FIBER-LIKE BROADBAND SPEED WITH MINIMAL LATENCY TO DRIVE MARKET    98

6.3           GEO       98

6.3.1        DEMAND FOR UNINTERRUPTED COVERAGE OVER LARGE GEOGRAPHIC AREAS TO DRIVE MARKET               98

7               SATELLITE NTN MARKET, BY FREQUENCY          99

7.1           INTRODUCTION              100

7.2           L-BAND                101

7.2.1        NEED FOR CONSISTENT, LOW-DATA-RATE COMMUNICATION WITH MINIMAL INFRASTRUCTURE TO BOOST MARKET               101

7.3           S-BAND 101

7.3.1        FOCUS ON ACHIEVING RELIABLE CONNECTIVITY ACROSS DYNAMIC ENVIRONMENTS TO BOOST MARKET                 101

7.4           C-BAND                102

7.4.1        C-BAND OFFERS BANDWIDTH GREATER THAN LOW-FREQUENCY BANDS       102

7.5           KU- & KA-BAND                102

7.5.1        NEED FOR DYNAMIC BEAMFORMING AND HIGH-DENSITY USER TARGETING TO DRIVE DEMAND               102

7.6           HF/VHF/UHF-BANDS     103

7.6.1        FOCUS ON ESTABLISHING LOW-POWER TERMINALS AND REDUCING INFRASTRUCTURE COSTS TO BOOST GROWTH                 103

8               SATELLITE NTN MARKET, BY END USE SECTOR                 104

8.1           INTRODUCTION              105

8.2           COMMERCIAL   106

8.2.1        RISING DEMAND FOR UNINTERRUPTED CONNECTIVITY TO BOOST GROWTH    106

8.3           DEFENSE             106

8.3.1        FOCUS ON REAL-TIME DATA TRANSFER AND RESILIENT COMMAND AND CONTROL TO DRIVE DEMAND               106

8.4           GOVERNMENT 106

8.4.1        NEED FOR STRENGTHENING RAPID DEPLOYMENT CAPABILITIES OF SATELLITE SYSTEMS TO BOOST DEMAND                 106

9               SATELLITE NTN MARKET, BY TECHNOLOGY      107

9.1           INTRODUCTION              108

9.2           NR NTN                109

9.2.1        INTEGRATION OF SATELLITE ACCESS WITH GLOBAL 5G STANDARDS TO BOOST MARKET             109

9.2.2        USE CASE: AST SPACEMOBILE DEVELOPED SPACE-BASED CELLULAR BROADBAND NETWORK TO DELIVER 4G AND 5G CONNECTIVITY         109

9.2.3        DIRECT-TO-CELL             110

9.2.4        HYBRID SATELLITE CELLULAR CONNECTIVITY                 110

9.3           IOT NTN               110

9.3.1        FOCUS ON STRENGTHENING ABILITY OF SATELLITES TO DELIVER CONSISTENT, LARGE-SCALE COVERAGE TO BOOST GROWTH             110

9.3.2        USE CASE: MYRIOTA DEVELOPED LEO-BASED CONNECTIVITY SERVICE THAT DELIVERS SECURE, LOW-POWER DATA TRANSMISSION   111

10            SATELLITE NTN MARKET, BY HARDWARE            112

10.1         INTRODUCTION              113

10.2         USE CASE 1: ADOPTION OF HIGH-PERFORMANCE RF FRONT-END COMPONENTS FOR MULTI-BAND SATELLITE COMMUNICATION          114

10.3         USE CASE 2: ADOPTION OF ONBOARD PROCESSING UNITS FOR LOW-LATENCY SATELLITE NTN SERVICES   114

10.4         RF FRONT END 115

10.4.1      DEMAND FOR COMPACT, ENERGY-EFFICIENT COMPONENTS THAT CAN HANDLE MULTIPLE FREQUENCY BANDS TO BOOST GROWTH      115

10.5         ANTENNA            115

10.5.1      NEED FOR REDUCING POWER CONSUMPTION WHILE MAXIMIZING EFFICIENCY TO DRIVE GROWTH  115

10.6         ONBOARD PROCESSOR UNIT     115

10.6.1      INCREASING DEMAND FOR INTELLIGENT, SOFTWARE-DEFINED PAYLOADS TO DRIVE DEMAND            115

10.7         OTHERS                116

11            SATELLITE NTN MARKET, BY APPLICATION       117

11.1         INTRODUCTION              118

11.2         USE CASE 1: ENHANCED MOBILE BROADBAND (EMBB) FOR REMOTE BROADBAND ACCESS        119

11.3         USE CASE 2: ULTRA-RELIABLE LOW-LATENCY COMMUNICATIONS (URLLC) FOR MISSION-CRITICAL NETWORKS        119

11.4         ENHANCED MOBILE BROADBAND (EMBB)          119

11.4.1      INCREASING NEED FOR RELIABLE, SCALABLE BROADBAND ACCESS ACROSS WIDE GEOGRAPHIES TO BOOST DEMAND             119

11.5         ULTRA-RELIABLE LOW-LATENCY COMMUNICATIONS (URLLC)                120

11.5.1      NEED TO IMPROVE COMMUNICATION AND OPERATIONAL EFFICIENCY TO BOOST MARKET               120

11.6         MASSIVE MACHINE-TYPE COMMUNICATIONS (MMTC)                 120

11.6.1      INCREASING DEPLOYMENT OF IOT ECOSYSTEMS REQUIRING UBIQUITOUS COVERAGE BEYOND REACH OF TERRESTRIAL NETWORKS TO DRIVE MARKET   120

12            SATELLITE NTN MARKET, BY REGION   121

12.1         INTRODUCTION              122

12.2         NORTH AMERICA             123

12.2.1      PESTLE ANALYSIS            124

12.2.2      US           127

12.2.2.1  Demand for well-established defense and intelligence sector to drive market          127

12.2.3      CANADA               128

12.2.3.1  Strategic focus on connecting vast rural and remote regions to drive market          128

12.3         ASIA PACIFIC     129

12.3.1      PESTLE ANALYSIS            130

12.3.2      CHINA  133

12.3.2.1  China’s ‘Digital Silk Road’ initiative to drive market      133

12.3.3      JAPAN   134

12.3.3.1  Expertise in robotics, electronics, and semiconductor manufacturing to drive market           134

12.3.4      AUSTRALIA         135

12.3.4.1  Strong government focus on extending reliable broadband to drive market          135

12.3.5      SOUTH KOREA  137

12.3.5.1  Focus on blending satellite NTNs with advanced 5G networks to drive market          137

12.4         EUROPE               138

12.4.1      PESTLE ANALYSIS            139

12.4.2      LUXEMBOURG  142

12.4.2.1  Presence of leading space finance companies and regulatory centers to drive market        142

12.4.3      FRANCE                143

12.4.3.1  Development of cutting-edge satellite constellations and NTN infrastructure to drive market             143

12.4.4      GERMANY           145

12.4.4.1  Focus on prioritizing digital infrastructure and space technology innovation to drive market  145

12.4.5      ITALY    146

12.4.5.1  Strong capabilities in satellite payload manufacturing to drive market    146

12.4.6      SPAIN    147

12.4.6.1  Strong capabilities in satellite communications to drive market                 147

12.4.7      SWITZERLAND 148

12.4.7.1  Demand for secure satellite communication services to drive market    148

12.5         REST OF THE WORLD    150

12.5.1      MIDDLE EAST & AFRICA                152

12.5.1.1  Increasing demand for high-capacity, low-latency satellite services to drive growth       152

12.5.2      LATIN AMERICA                154

12.5.2.1  Commitment to digital inclusion and focus on extending internet access to drive market          154

13            COMPETITIVE LANDSCAPE         156

13.1         INTRODUCTION              156

13.2         KEY PLAYER STRATEGIES/RIGHT TO WIN, 2021–2025                 156

13.3         REVENUE ANALYSIS, 2021–2024  158

13.4         MARKET SHARE ANALYSIS, 2024                 158

13.5         COMPANY EVALUATION MATRIX: KEY PLAYERS, 2024                 161

13.5.1      STARS   161

13.5.2      EMERGING LEADERS     161

13.5.3      PERVASIVE PLAYERS      161

13.5.4      PARTICIPANTS 161

13.5.5      COMPANY FOOTPRINT: KEY PLAYERS, 2024         163

13.5.5.1  Company footprint               163

13.5.5.2  Region footprint   164

13.5.5.3  End use sector footprint      165

13.5.5.4  Orbit footprint      166

13.5.5.5  Hardware footprint               167

13.6         COMPANY EVALUATION MATRIX: STARTUPS/SMES, 2024        168

13.6.1      PROGRESSIVE COMPANIES         168

13.6.2      RESPONSIVE COMPANIES            168

13.6.3      DYNAMIC COMPANIES  168

13.6.4      STARTING BLOCKS         168

13.6.5      COMPETITIVE BENCHMARKING: STARTUPS/SMES                 170

13.6.5.1  Detailed list of startups/SMEs           170

13.6.5.2  Competitive benchmarking of startups/SMEs 171

13.7         COMPANY VALUATION AND FINANCIAL METRICS                 172

13.7.1      COMPANY VALUATION 172

13.7.2      FINANCIAL METRICS      172

13.8         BRAND/PRODUCT COMPARISON             173

13.9         COMPETITIVE SCENARIO             174

13.9.1      DEALS  174

13.9.2      OTHER DEVELOPMENTS              174

14            COMPANY PROFILES      175

14.1         KEY PLAYERS     175

14.1.1      AIRBUS 175

14.1.1.1  Business overview 175

14.1.1.2  Products offered   176

14.1.1.3  Recent developments           177

14.1.1.3.1                Deals      177

14.1.1.4  MnM view              177

14.1.1.4.1                Right to win           177

14.1.1.4.2                Strategic choices   178

14.1.1.4.3                Weaknesses and competitive threats 178

14.1.2      THALES ALENIA SPACE 179

14.1.2.1  Business overview 179

14.1.2.2  Products offered   180

14.1.2.3  Recent developments           181

14.1.2.3.1                Deals      181

14.1.2.4  MnM view              181

14.1.2.4.1                Right to win           181

14.1.2.4.2                Strategic choices   181

14.1.2.4.3                Weaknesses and competitive threats 181

14.1.3      NEC CORPORATION       182

14.1.3.1  Business overview 182

14.1.3.2  Products offered   183

14.1.3.3  Recent developments           184

14.1.3.3.1                Other developments             184

14.1.3.4  MnM view              184

14.1.3.4.1                Right to win           184

14.1.3.4.2                Strategic choices   184

14.1.3.4.3                Weaknesses and competitive threats 184

14.1.4      KONGSBERG      185

14.1.4.1  Business overview 185

14.1.4.2  Products offered   186

14.1.4.3  MnM view              187

14.1.4.3.1                Right to win           187

14.1.4.3.2                Strategic choices   187

14.1.4.3.3                Weaknesses and competitive threats 187

14.1.5      ANALOG DEVICES, INC. 188

14.1.5.1  Business overview 188

14.1.5.2  Products offered   189

14.1.5.3  MnM view              190

14.1.5.3.1                Right to win           190

14.1.5.3.2                Strategic choices   190

14.1.5.3.3                Weaknesses and competitive threats 190

14.1.6      LOCKHEED MARTIN CORPORATION      191

14.1.6.1  Business overview 191

14.1.6.2  Products offered   192

14.1.7      SAFRAN                193

14.1.7.1  Business overview 193

14.1.7.2  Products offered   194

14.1.8      HONEYWELL INTERNATIONAL INC.        195

14.1.8.1  Business overview 195

14.1.8.2  Products offered   196

14.1.9      L3HARRIS TECHNOLOGIES          198

14.1.9.1  Business overview 198

14.1.9.2  Products offered   199

14.1.10   TELEDYNE TECHNOLOGIES       201

14.1.10.1                 Business overview 201

14.1.10.2                 Products offered   202

14.1.11   SMITHS INTERCONNECT              205

14.1.11.1                 Business overview 205

14.1.11.2                 Products offered   206

14.1.12   QORVO, INC       207

14.1.12.1                 Business overview 207

14.1.12.2                 Products offered   208

14.1.13   MERCURY SYSTEMS, INC.             209

14.1.13.1                 Business overview 209

14.1.13.2                 Products offered   210

14.1.13.3                 Recent developments           211

14.1.13.3.1             Other developments             211

14.1.14   MINI-CIRCUITS 212

14.1.14.1                 Business overview 212

14.1.14.2                 Products offered   212

14.1.15   BAE SYSTEMS    214

14.1.15.1                 Business overview 214

14.1.15.2                 Products offered   215

14.1.16   FILTRONIC PLC                 217

14.1.16.1                 Business overview 217

14.1.16.2                 Products offered   218

14.1.17   SWISSTO12          219

14.1.17.1                 Business overview 219

14.1.17.2                 Products offered   220

14.1.17.3                 Recent developments           220

14.1.17.3.1             Other developments             220

14.2         OTHER PLAYERS              221

14.2.1      ALÉN SPACE       221

14.2.2      RADIALL              222

14.2.3      ETL SYSTEMS LTD           222

14.2.4      AETHERCOMM 223

14.2.5      SPECTRUM CONTROL   223

14.2.6      ADVANTECH WIRELESS                224

14.2.7      TEMWELL CORPORATION           225

14.2.8      CELESTIA TTI    226

14.2.9      THINKOM SOLUTIONS, INC.       227

14.2.10   MICROWAVE TECHNOLOGY, INC.            227

14.2.11   ANYWAVES         228

15            APPENDIX           229

15.1         DISCUSSION GUIDE        229

15.2         KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL                232

15.3         CUSTOMIZATION OPTIONS        234

15.4         RELATED REPORTS         234

15.5         AUTHOR DETAILS           235

LIST OF TABLES

TABLE 1                USD EXCHANGE RATES, 2020–2024            26

TABLE 2                SATELLITE NTN LAUNCHES, BY REGION, 2021–2024        50

TABLE 3                ROLE OF PLAYERS IN ECOSYSTEM           52

TABLE 4                AVERAGE SELLING PRICES, BY REGION, 2021–2024 (USD MILLION)       55

TABLE 5                INDICATIVE PRICING ANALYSIS, BY ORBIT, 2024 (USD MILLION) 56

TABLE 6                IMPORT DATA FOR HS CODE 880260-COMPLIANT PRODUCTS,

BY COUNTRY, 2020–2024 (USD THOUSAND)         59

TABLE 7                EXPORT DATA FOR HS CODE 880260-COMPLIANT PRODUCTS,

BY COUNTRY, 2020–2024 (USD THOUSAND)         60

TABLE 8                KEY CONFERENCES & EVENTS, 2025–2026                 60

TABLE 9                TARIFF DATA FOR HS CODE: 880260-COMPLIANT PRODUCTS, BY COUNTRY, 2024      61

TABLE 10              NORTH AMERICA: REGULATORY BODIES, GOVERNMENT AGENCIES,

AND OTHER ORGANIZATIONS  62

TABLE 11              EUROPE: REGULATORY BODIES, GOVERNMENT AGENCIES,

AND OTHER ORGANIZATIONS  62

TABLE 12              ASIA PACIFIC: REGULATORY BODIES, GOVERNMENT AGENCIES,

AND OTHER ORGANIZATIONS  63

TABLE 13              MIDDLE EAST: REGULATORY BODIES, GOVERNMENT AGENCIES,

AND OTHER ORGANIZATIONS  64

TABLE 14              REST OF THE WORLD: REGULATORY BODIES, GOVERNMENT AGENCIES,

AND OTHER ORGANIZATIONS  64

TABLE 15              INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS, BY END USE SECTOR (%)         65

TABLE 16              KEY BUYING CRITERIA, BY HARDWARE 66

TABLE 17              BILL OF MATERIALS (BOM) ANALYSIS FOR HARDWARE        73

TABLE 18              BILL OF MATERIALS (BOM) ANALYSIS: LEO VS. GEO       74

TABLE 19              RECIPROCAL TARIFF RATES ADJUSTED BY US                 78

TABLE 20              KEY PRODUCT-RELATED TARIFF FOR SATELLITE NON-TERRESTRIAL

NETWORKS (NTN)           79

TABLE 21              EXPECTED CHANGE IN PRICES AND LIKELY IMPACT ON END USE MARKET

DUE TO TARIFF CHANGE             79

TABLE 22              IMPACT OF AI ON SPACE APPLICATIONS, BY KEY PLAYER       90

TABLE 23              PATENT ANALYSIS, 2021–2025     93

TABLE 24              SATELLITE NTN MARKET, BY ORBIT, 2021–2024 (USD MILLION) 97

TABLE 25              SATELLITE NTN MARKET, BY ORBIT, 2025–2030 (USD MILLION) 97

TABLE 26              SATELLITE NTN MARKET, BY FREQUENCY, 2021–2024 (USD MILLION)            100

TABLE 27              SATELLITE NTN MARKET, BY FREQUENCY, 2025–2030 (USD MILLION)            101

TABLE 28              SATELLITE NTN MARKET, BY END USE SECTOR, 2021–2024 (USD MILLION)            105

TABLE 29              SATELLITE NTN MARKET, BY END USE SECTOR, 2025–2030 (USD MILLION)            105

TABLE 30              SATELLITE NTN MARKET, BY TECHNOLOGY, 2021–2024 (USD MILLION)            108

TABLE 31              SATELLITE NTN MARKET, BY TECHNOLOGY, 2025–2030 (USD MILLION)            108

TABLE 32              SATELLITE NTN MARKET, BY HARDWARE, 2021–2024 (USD MILLION)       113

TABLE 33              SATELLITE NTN MARKET, BY HARDWARE, 2025–2030 (USD MILLION)       114

TABLE 34              SATELLITE NTN MARKET, BY APPLICATION, 2021–2024 (USD MILLION)            118

TABLE 35              SATELLITE NTN MARKET, BY APPLICATION, 2025–2030 (USD MILLION)            118

TABLE 36              SATELLITE NTN MARKET, BY REGION, 2021–2024 (USD MILLION) 123

TABLE 37              SATELLITE NTN MARKET, BY REGION, 2025–2030 (USD MILLION) 123

TABLE 38              NORTH AMERICA: SATELLITE NTN MARKET, BY COUNTRY,

2021–2024 (USD MILLION)            125

TABLE 39              NORTH AMERICA: SATELLITE NTN MARKET, BY COUNTRY,

2025–2030 (USD MILLION)            126

TABLE 40              NORTH AMERICA: SATELLITE NTN MARKET, BY ORBIT, 2021–2024 (USD MILLION)             126

TABLE 41              NORTH AMERICA: SATELLITE NTN MARKET, BY ORBIT, 2025–2030 (USD MILLION)             126

TABLE 42              NORTH AMERICA: SATELLITE NTN MARKET, BY TECHNOLOGY,

2021–2024 (USD MILLION)            126

TABLE 43              NORTH AMERICA: SATELLITE NTN MARKET, BY TECHNOLOGY,

2025–2030 (USD MILLION)            126

TABLE 44              US: SATELLITE NTN MARKET, BY ORBIT, 2021–2024 (USD MILLION)       127

TABLE 45              US: SATELLITE NTN MARKET, BY ORBIT, 2025–2030 (USD MILLION)       127

TABLE 46             US: SATELLITE NTN MARKET, BY TECHNOLOGY, 2021–2024 (USD MILLION)            128

TABLE 47             US: SATELLITE NTN MARKET, BY TECHNOLOGY, 2025–2030 (USD MILLION)            128

TABLE 48              CANADA: SATELLITE NTN MARKET, BY ORBIT, 2021–2024 (USD MILLION)            128

TABLE 49              CANADA: SATELLITE NTN MARKET, BY ORBIT, 2025–2030 (USD MILLION)            129

TABLE 50              CANADA: SATELLITE NTN MARKET, BY TECHNOLOGY, 2021–2024 (USD MILLION)            129

TABLE 51              CANADA: SATELLITE NTN MARKET, BY TECHNOLOGY, 2025–2030 (USD MILLION)            129

TABLE 52              ASIA PACIFIC: SATELLITE NTN MARKET, BY COUNTRY, 2021–2024 (USD MILLION)     131

TABLE 53              ASIA PACIFIC: SATELLITE NTN MARKET, BY COUNTRY, 2025–2030 (USD MILLION)     132

TABLE 54              ASIA PACIFIC: SATELLITE NTN MARKET, BY ORBIT, 2021–2024 (USD MILLION)             132

TABLE 55              ASIA PACIFIC: SATELLITE NTN MARKET, BY ORBIT, 2025–2030 (USD MILLION)             132

TABLE 56              ASIA PACIFIC: SATELLITE NTN MARKET, BY TECHNOLOGY,

2021–2024 (USD MILLION)            132

TABLE 57              ASIA PACIFIC: SATELLITE NTN MARKET, BY TECHNOLOGY,

2025–2030 (USD MILLION)            133

TABLE 58              CHINA: SATELLITE NTN MARKET, BY ORBIT, 2021–2024 (USD MILLION)            133

TABLE 59              CHINA: SATELLITE NTN MARKET, BY ORBIT, 2025–2030 (USD MILLION)            133

TABLE 60              CHINA: SATELLITE NTN MARKET, BY TECHNOLOGY, 2021–2024 (USD MILLION)            134

TABLE 61              CHINA: SATELLITE NTN MARKET, BY TECHNOLOGY, 2025–2030 (USD MILLION)            134

TABLE 62              JAPAN: SATELLITE NTN MARKET, BY ORBIT, 2021–2024 (USD MILLION)            134

TABLE 63              JAPAN: SATELLITE NTN MARKET, BY ORBIT, 2025–2030 (USD MILLION)            135

TABLE 64              JAPAN: SATELLITE NTN MARKET, BY TECHNOLOGY, 2021–2024 (USD MILLION)            135

TABLE 65              JAPAN: SATELLITE NTN MARKET, BY TECHNOLOGY, 2025–2030 (USD MILLION)            135

TABLE 66              AUSTRALIA: SATELLITE NTN MARKET, BY ORBIT, 2021–2024 (USD MILLION)             136

TABLE 67              AUSTRALIA: SATELLITE NTN MARKET, BY ORBIT, 2025–2030 (USD MILLION)             136

TABLE 68              AUSTRALIA: SATELLITE NTN MARKET, BY TECHNOLOGY,

2021–2024 (USD MILLION)            136

TABLE 69              AUSTRALIA: SATELLITE NTN MARKET, BY TECHNOLOGY,

2025–2030 (USD MILLION)            136

TABLE 70              SOUTH KOREA: SATELLITE NTN MARKET, BY ORBIT, 2021–2024 (USD MILLION)             137

TABLE 71              SOUTH KOREA: SATELLITE NTN MARKET, BY ORBIT, 2025–2030 (USD MILLION)             137

TABLE 72              SOUTH KOREA: SATELLITE NTN MARKET, BY TECHNOLOGY,

2021–2024 (USD MILLION)            137

TABLE 73              SOUTH KOREA: SATELLITE NTN MARKET, BY TECHNOLOGY,

2025–2030 (USD MILLION)            138

TABLE 74              EUROPE: SATELLITE NTN MARKET, BY COUNTRY, 2021–2024 (USD MILLION)     140

TABLE 75              EUROPE: SATELLITE NTN MARKET, BY COUNTRY, 2025–2030 (USD MILLION)     141

TABLE 76              EUROPE: SATELLITE NTN MARKET, BY ORBIT, 2021–2024 (USD MILLION)            141

TABLE 77              EUROPE: SATELLITE NTN MARKET, BY ORBIT, 2025–2030 (USD MILLION)            141

TABLE 78              EUROPE: SATELLITE NTN MARKET, BY TECHNOLOGY, 2021–2024 (USD MILLION)            141

TABLE 79              EUROPE: SATELLITE NTN MARKET, BY TECHNOLOGY, 2025–2030 (USD MILLION)            142

TABLE 80              LUXEMBOURG: SATELLITE NTN MARKET, BY ORBIT, 2021–2024 (USD MILLION)             142

TABLE 81              LUXEMBOURG: SATELLITE NTN MARKET, BY ORBIT, 2025–2030 (USD MILLION)             142

TABLE 82              LUXEMBOURG: SATELLITE NTN MARKET, BY TECHNOLOGY,

2021–2024 (USD MILLION)            143

TABLE 83              LUXEMBOURG: SATELLITE NTN MARKET, BY TECHNOLOGY,

2025–2030 (USD MILLION)            143

TABLE 84              FRANCE: SATELLITE NTN MARKET, BY ORBIT, 2021–2024 (USD MILLION)            144

TABLE 85              FRANCE: SATELLITE NTN MARKET, BY ORBIT, 2025–2030 (USD MILLION)            144

TABLE 86              FRANCE: SATELLITE NTN MARKET, BY TECHNOLOGY, 2021–2024 (USD MILLION)            144

TABLE 87              FRANCE: SATELLITE NTN MARKET, BY TECHNOLOGY, 2025–2030 (USD MILLION)            144

TABLE 88              GERMANY: SATELLITE NTN MARKET, BY ORBIT, 2021–2024 (USD MILLION)            145

TABLE 89              GERMANY: SATELLITE NTN MARKET, BY ORBIT, 2025–2030 (USD MILLION)            145

TABLE 90              GERMANY: SATELLITE NTN MARKET, BY TECHNOLOGY,

2021–2024 (USD MILLION)            145

TABLE 91              GERMANY: SATELLITE NTN MARKET, BY TECHNOLOGY,

2025–2030 (USD MILLION)            146

TABLE 92              ITALY: SATELLITE NTN MARKET, BY ORBIT, 2021–2024 (USD MILLION)            146

TABLE 93              ITALY: SATELLITE NTN MARKET, BY ORBIT, 2025–2030 (USD MILLION)            146

TABLE 94              ITALY: SATELLITE NTN MARKET, BY TECHNOLOGY, 2021–2024 (USD MILLION)            147

TABLE 95              ITALY: SATELLITE NTN MARKET, BY TECHNOLOGY, 2025–2030 (USD MILLION)            147

TABLE 96              SPAIN: SATELLITE NTN MARKET, BY ORBIT, 2021–2024 (USD MILLION)            147

TABLE 97              SPAIN: SATELLITE NTN MARKET, BY ORBIT, 2025–2030 (USD MILLION)            148

TABLE 98              SPAIN: SATELLITE NTN MARKET, BY TECHNOLOGY, 2021–2024 (USD MILLION)            148

TABLE 99              SPAIN: SATELLITE NTN MARKET, BY TECHNOLOGY, 2025–2030 (USD MILLION)            148

TABLE 100            SWITZERLAND: SATELLITE NTN MARKET, BY ORBIT, 2021–2024 (USD MILLION)             149

TABLE 101            SWITZERLAND: SATELLITE NTN MARKET, BY ORBIT, 2025–2030 (USD MILLION)             149

TABLE 102            SWITZERLAND: SATELLITE NTN MARKET, BY TECHNOLOGY,

2021–2024 (USD MILLION)            149

TABLE 103            SWITZERLAND: SATELLITE NTN MARKET, BY TECHNOLOGY,

2025–2030 (USD MILLION)            149

TABLE 104          REST OF THE WORLD: SATELLITE NTN MARKET, BY REGION,

2021–2024 (USD MILLION)            151

TABLE 105          REST OF THE WORLD: SATELLITE NTN MARKET, BY REGION,

2025–2030 (USD MILLION)            151

TABLE 106          REST OF THE WORLD: SATELLITE NTN MARKET, BY ORBIT,

2021–2024 (USD MILLION)            151

TABLE 107          REST OF THE WORLD: SATELLITE NTN MARKET, BY ORBIT,

2025–2030 (USD MILLION)            151

TABLE 108          REST OF THE WORLD: SATELLITE NTN MARKET, BY TECHNOLOGY,

2021–2024 (USD MILLION)            152

TABLE 109          REST OF THE WORLD: SATELLITE NTN MARKET, BY TECHNOLOGY,

2025–2030 (USD MILLION)            152

TABLE 110            MIDDLE EAST & AFRICA: SATELLITE NTN MARKET, BY ORBIT,

2021–2024 (USD MILLION)            153

TABLE 111            MIDDLE EAST & AFRICA: SATELLITE NTN MARKET, BY ORBIT,

2025–2030 (USD MILLION)            153

TABLE 112            MIDDLE EAST & AFRICA: SATELLITE NTN MARKET, BY TECHNOLOGY,

2021–2024 (USD MILLION)            153

TABLE 113            MIDDLE EAST & AFRICA: SATELLITE NTN MARKET, BY TECHNOLOGY,

2025–2030 (USD MILLION)            153

TABLE 114            LATIN AMERICA: SATELLITE NTN MARKET, BY ORBIT, 2021–2024 (USD MILLION)             154

TABLE 115            LATIN AMERICA: SATELLITE NTN MARKET, BY ORBIT, 2025–2030 (USD MILLION)             154

TABLE 116            LATIN AMERICA: SATELLITE NTN MARKET, BY TECHNOLOGY,

2021–2024 (USD MILLION)            154

TABLE 117            LATIN AMERICA: SATELLITE NTN MARKET, BY TECHNOLOGY,

2025–2030 (USD MILLION)            155

TABLE 118            KEY PLAYER STRATEGIES/RIGHT TO WIN, 2020–2025        156

TABLE 119            SATELLITE NTN MARKET: DEGREE OF COMPETITION 159

TABLE 120            SATELLITE NTN MARKET: REGION FOOTPRINT                 164

TABLE 121            SATELLITE NTN MARKET: END USE SECTOR FOOTPRINT       165

TABLE 122            SATELLITE NTN MARKET: ORBIT FOOTPRINT                 166

TABLE 123            SATELLITE NTN MARKET: HARDWARE FOOTPRINT       167

TABLE 124            SATELLITE NTN MARKET: LIST OF STARTUPS/SMES              170

TABLE 125            SATELLITE NTN MARKET: COMPETITIVE BENCHMARKING OF STARTUPS/SMES   171

TABLE 126            SATELLITE NTN MARKET: DEALS, JANUARY 2021–MAY 2025   174

TABLE 127            SATELLITE NTN MARKET: OTHER DEVELOPMENTS, JANUARY 2021–MAY 2025          174

TABLE 128            AIRBUS: COMPANY OVERVIEW 175

TABLE 129            AIRBUS: PRODUCTS OFFERED  176

TABLE 130            AIRBUS: DEALS 177

TABLE 131            THALES ALENIA SPACE: COMPANY OVERVIEW                 179

TABLE 132            THALES ALENIA SPACE: PRODUCTS OFFERED                 180

TABLE 133            THALES ALENIA SPACE: DEALS 181

TABLE 134            NEC CORPORATION: COMPANY OVERVIEW                 182

TABLE 135            NEC CORPORATION: PRODUCTS OFFERED                 183

TABLE 136            NEC CORPORATION: OTHER DEVELOPMENTS                 184

TABLE 137            KONGSBERG: COMPANY OVERVIEW       185

TABLE 138            KONGSBERG: PRODUCTS OFFERED        186

TABLE 139            ANALOG DEVICES, INC.: COMPANY OVERVIEW                 188

TABLE 140            ANALOG DEVICES, INC.: PRODUCTS OFFERED                 189

TABLE 141            LOCKHEED MARTIN CORPORATION: COMPANY OVERVIEW          191

TABLE 142            LOCKHEED MARTIN CORPORATION: PRODUCTS OFFERED    192

TABLE 143            SAFRAN: COMPANY OVERVIEW 193

TABLE 144            SAFRAN: PRODUCTS OFFERED 194

TABLE 145            HONEYWELL INTERNATIONAL INC.: COMPANY OVERVIEW          195

TABLE 146            HONEYWELL INTERNATIONAL INC.: PRODUCTS OFFERED    196

TABLE 147            L3HARRIS TECHNOLOGIES: COMPANY OVERVIEW          198

TABLE 148            L3HARRIS TECHNOLOGIES: PRODUCTS OFFERED             199

TABLE 149            TELEDYNE TECHNOLOGIES: COMPANY OVERVIEW          201

TABLE 150            TELEDYNE TECHNOLOGIES: PRODUCTS OFFERED             202

TABLE 151            SMITHS INTERCONNECT: COMPANY OVERVIEW          205

TABLE 152            SMITHS INTERCONNECT: PRODUCTS OFFERED                 206

TABLE 153            QORVO, INC.: COMPANY OVERVIEW      207

TABLE 154            QORVO, INC.: PRODUCTS OFFERED       208

TABLE 155            MERCURY SYSTEMS, INC.: COMPANY OVERVIEW                 209

TABLE 156            MERCURY SYSTEMS, INC.: PRODUCTS OFFERED                 210

TABLE 157            MERCURY SYSTEMS, INC.: OTHER DEVELOPMENTS              211

TABLE 158            MINI-CIRCUITS: COMPANY OVERVIEW 212

TABLE 159            MINI-CIRCUITS: PRODUCTS OFFERED  212

TABLE 160            BAE SYSTEMS: COMPANY OVERVIEW     214

TABLE 161            BAE SYSTEMS: PRODUCTS OFFERED      215

TABLE 162            FILTRONIC PLC: COMPANY OVERVIEW 217

TABLE 163            FILTRONIC PLC: PRODUCTS OFFERED 218

TABLE 164            SWISSTO12: COMPANY OVERVIEW          219

TABLE 165            SWISSTO12: PRODUCTS OFFERED           220

TABLE 166            SWISSTO12: OTHER DEVELOPMENTS    220

TABLE 167            ALÉN SPACE: COMPANY OVERVIEW        221

TABLE 168            RADIALL: COMPANY OVERVIEW               222

TABLE 169            ETL SYSTEMS LTD: COMPANY OVERVIEW                 222

TABLE 170            AETHERCOMM: COMPANY OVERVIEW  223

TABLE 171            SPECTRUM CONTROL: COMPANY OVERVIEW                 223

TABLE 172            ADVANTECH WIRELESS: COMPANY OVERVIEW                 224

TABLE 173            TEMWELL CORPORATION: COMPANY OVERVIEW          225

TABLE 174            CELESTIA TTI: COMPANY OVERVIEW     226

TABLE 175            THINKOM SOLUTIONS, INC.: COMPANY OVERVIEW          227

TABLE 176            MICROWAVE TECHNOLOGY, INC.: COMPANY OVERVIEW          227

TABLE 177            ANYWAVES: COMPANY OVERVIEW          228

LIST OF FIGURES

FIGURE 1              RESEARCH DESIGN MODEL         28

FIGURE 2              RESEARCH DESIGN         29

FIGURE 3              BREAKDOWN OF PRIMARY INTERVIEWS                 31

FIGURE 4              BOTTOM-UP APPROACH              34

FIGURE 5              TOP-DOWN APPROACH                35

FIGURE 6              DATA TRIANGULATION                36

FIGURE 7              SATELLITE NTN MARKET, BY HARDWARE, 2025                 40

FIGURE 8              SATELLITE NTN MARKET, BY TECHNOLOGY, 2025–2030              40

FIGURE 9              SATELLITE NTN MARKET, BY REGION, 2025                 41

FIGURE 10            DEMAND FOR ROBUST CONNECTIVITY IN REMOTE REGIONS TO DRIVE MARKET  42

FIGURE 11            EMBB SEGMENT TO LEAD MARKET DURING FORECAST PERIOD         42

FIGURE 12            LEO SEGMENT TO LEAD MARKET DURING FORECAST PERIOD         43

FIGURE 13            JAPAN TO EXHIBIT HIGHEST GROWTH DURING FORECAST PERIOD         43

FIGURE 14            SATELLITE NTN MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES,

AND CHALLENGES          44

FIGURE 15            TRENDS AND DISRUPTIONS IMPACTING CUSTOMER BUSINESS   50

FIGURE 16            ECOSYSTEM MAP             51

FIGURE 17            VALUE CHAIN ANALYSIS               53

FIGURE 18            AVERAGE SELLING PRICE TREND, BY REGION, 2021–2024 (USD MILLION)            55

FIGURE 19            INDICATIVE PRICING ANALYSIS, BY ORBIT, 2024 (USD MILLION) 56

FIGURE 20            IMPORT DATA FOR HS CODE 880260-COMPLIANT PRODUCTS,

BY COUNTRY, 2020–2024 (USD THOUSAND)         58

FIGURE 21            EXPORT DATA FOR HS CODE 880260-COMPLIANT PRODUCTS,

BY COUNTRY, 2020–2024 (USD THOUSAND)         59

FIGURE 22            INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS, BY END USE SECTOR 65

FIGURE 23            KEY BUYING CRITERIA, BY HARDWARE 66

FIGURE 24            NUMBER AND VALUE OF DEALS IN EUROPEAN SPACE STARTUPS,

2020–2024 (USD BILLION)             70

FIGURE 25            GLOBAL SPACE PRIVATE INVESTMENT, BY TYPE, 2020–2024 (USD MILLION)                70

FIGURE 26            BILL OF MATERIALS (BOM) ANALYSIS FOR LEO, BY HARDWARE 73

FIGURE 27            BILL OF MATERIALS (BOM) ANALYSIS FOR GEO, BY HARDWARE 74

FIGURE 28            TECHNOLOGY ROADMAP            75

FIGURE 29            EVOLUTION OF SATELLITE TECHNOLOGIES                 75

FIGURE 30            EMERGING TECHNOLOGY TRENDS        76

FIGURE 31            BREAKDOWN OF TOTAL COST OF OWNERSHIP (TCO)    77

FIGURE 32            TECHNOLOGY TRENDS                82

FIGURE 33            ADOPTION OF AI IN SPACE INDUSTRY  87

FIGURE 34            ADOPTION OF AI IN SPACE INDUSTRY, BY KEY COUNTRY            88

FIGURE 35            IMPACT OF AI ON SATELLITE PLATFORMS                 90

FIGURE 36            IMPACT OF AI ON SATELLITE NTN MARKET                 91

FIGURE 37            PATENT ANALYSIS          92

FIGURE 38            LEO SEGMENT TO LEAD MARKET DURING FORECAST PERIOD         97

FIGURE 39            KU- & KA-BAND SEGMENT TO ACHIEVE HIGHEST GROWTH DURING

FORECAST PERIOD         100

FIGURE 40            DEFENSE TO BE FASTEST-GROWING SEGMENT DURING FORECAST PERIOD       105

FIGURE 41            NR NTN SEGMENT TO LEAD MARKET DURING FORECAST PERIOD         108

FIGURE 42            ANTENNA SEGMENT TO LEAD MARKET DURING FORECAST PERIOD       113

FIGURE 43            EMBB SEGMENT TO LEAD MARKET DURING FORECAST PERIOD         118

FIGURE 44            SATELLITE NTN MARKET: REGIONAL SNAPSHOT          122

FIGURE 45            NORTH AMERICA: SATELLITE NTN MARKET SNAPSHOT          124

FIGURE 46            ASIA PACIFIC: SATELLITE NTN MARKET SNAPSHOT          130

FIGURE 47            EUROPE: SATELLITE NTN MARKET SNAPSHOT                 139

FIGURE 48            REST OF THE WORLD: SATELLITE NTN MARKET SNAPSHOT          150

FIGURE 49            REVENUE ANALYSIS OF TOP FIVE PLAYERS, 2021–2024 (USD MILLION)            158

FIGURE 50            MARKET SHARE OF KEY PLAYERS, 2024  159

FIGURE 51            SATELLITE NTN MARKET: COMPANY EVALUATION MATRIX (KEY PLAYERS), 2024         162

FIGURE 52            SATELLITE NTN MARKET: COMPANY FOOTPRINT       163

FIGURE 53            SATELLITE NTN MARKET: COMPANY EVALUATION MATRIX

(STARTUPS/SMES), 2024                169

FIGURE 54            YEAR-TO-DATE (YTD) PRICE TOTAL RETURN AND 5-YEAR STOCK

BETA OF KEY VENDORS                172

FIGURE 55            EV/EBITDA OF PROMINENT MARKET PLAYERS, 2025        172

FIGURE 56            SATELLITE NTN MARKET: BRAND/PRODUCT COMPARISON   173

FIGURE 57            AIRBUS: COMPANY SNAPSHOT 176

FIGURE 58            THALES ALENIA SPACE: COMPANY SNAPSHOT                 180

FIGURE 59            NEC CORPORATION: COMPANY SNAPSHOT                 183

FIGURE 60            KONGSBERG: COMPANY SNAPSHOT      186

FIGURE 61            ANALOG DEVICES, INC.: COMPANY SNAPSHOT                 189

FIGURE 62            LOCKHEED MARTIN CORPORATION: COMPANY SNAPSHOT          192

FIGURE 63            SAFRAN: COMPANY SNAPSHOT 194

FIGURE 64            HONEYWELL INTERNATIONAL INC.: COMPANY SNAPSHOT          196

FIGURE 65            L3HARRIS TECHNOLOGIES: COMPANY SNAPSHOT          199

FIGURE 66            TELEDYNE TECHNOLOGIES: COMPANY SNAPSHOT          202

FIGURE 67            SMITHS INTERCONNECT: COMPANY SNAPSHOT          205

FIGURE 68            QORVO, INC.: COMPANY SNAPSHOT      208

FIGURE 69            MERCURY SYSTEMS, INC.: COMPANY SNAPSHOT          209

FIGURE 70            BAE SYSTEMS: COMPANY SNAPSHOT     215

FIGURE 71            FILTRONIC PLC: COMPANY SNAPSHOT 217