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The global satellite cables and assemblies market is anticipated to grow at a significant CAGR during the forecast period. Satellite cables and assemblies systems have a huge potential for satellite data service providers, small sat service providers, remote sensing service providers, technical service providers, and investors. Additionally, satellite cables and assemblies are balanced and offer better reliability than the conventional cables for transmitting signals, supplying power, or sending earth images. The major factor driving the growth of the global satellite cables and assemblies market during the forecast is the increasing launches of small satellites into low earth orbit (LEO) especially. These satellites inhabit around 500-2,000 km band and offer rapid communication, lower latency, and higher bandwidths per user than geostationary satellites. Additionally, several companies are implementing plans to build satellite constellations and have launched these satellites into orbit which is driving market growth. For instance, from 2019 to May 2020, Starlink has launched 356 satellites in orbit. Furthermore, in 2020, Amazon announced that it has filed for launching 3,236 spacecraft in its Kuiper constellation and is progressing with plans to move its growing team into new facilities.
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The COVID-19 pandemic had impacted the global satellite cables and assemblies market to a great extent. During COVID-19, as of May 2020, 212 countries had been impacted by the pandemic, and the governments of these countries had ordered nationwide lockdowns which shut down operations of various companies. Additionally, the production of satellite cables and assemblies systems, subsystems, and components were halted due to disruption in the supply chain which negatively impacted the market growth. However, as the COVID-19 situation normalizes, the global satellite cables and assemblies market started to recover due to the lifting of government regulations which recovered the supply chain and manufacturing operations of companies.
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- Market Coverage
- Market number available for – 2022-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill Inc., and others
Market Segmentation
Global Satellite Cables and Assemblies Market by Satellite Type
- Small Satellite
- Medium Satellite
- Large Satellite
Global Satellite Cables and Assemblies Market by Cable Type
- Round Cables
- Flat/ Ribbon Cables
Global Satellite Cables and Assemblies Market by Conductor Material
- Metal Alloys
- Fibers
Global Satellite Cables and Assemblies Market by Component
- Cables
- Connectors
- Others
Global Satellite Cables and Assemblies Market by Insulation Type
- Thermosetting
- Thermoplastic
Global Satellite Cables and Assemblies Market by Conductor Type
- Twisted pair
- Coaxial
- Fiber Optics
- Shielded/ Jacketed
Regional Analysis
- North America
- United States
- Canada
- Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
- Rest of the World
Company Profiles
- AXON’ CABLE SAS
- ARROW ELECTRONICS
- BEL FUSE INC.
- CARLISLE INTERCONNECT TECHNOLOGIES
- CICOIL CORP.
- EATON CORP. PLC
- LEONI AG
- MEGGITT PLC
- PRYSMIAN S.P.A
- SMITHS GROUP PLC
The Report Covers
- Market value data analysis of 2021 and forecast to 2028.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global satellite cables and assemblies market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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