US SATCOM Equipment Market to reach $17.10B by 2029, growing at 12.2% CAGR. Government initiatives and defense contracts driving the growth. Key players include General Dynamics, Honeywell, and Raytheon. Airborne segment dominates market in 2024.

The US Satellite Communication (SATCOM) Equipment market is projected to grow from USD 9.59 billion in 2024 to USD 17.10 billion in 2029, indicating a CAGR of 12.2%. Key factors driving this growth include government initiatives promoting R&D in the SATCOM field and the rising need for adaptable and efficient SATCOM equipment. Major US-based SATCOM manufacturers such as General Dynamics, Honeywell International Inc., and Raytheon Intelligence and Space will significantly impact market expansion. The Space Development Agency is planning to develop a next-gen military space architecture, emphasizing small satellites in low Earth orbit (LEO), which will boost the demand for SATCOM equipment in the US. The US Department of Defense has forecasted a USD 1.70 billion contract in 2024 for notable SATCOM manufacturers, underscoring the increasing significance of SATCOM technology in military and commercial sectors. Key players in the US SATCOM industry include EchoStar Corporation, L3Harris Technologies, Inc., RTX, General Dynamics Corporation, Viasat, Inc., Honeywell International Inc., and Campbell Scientific, Inc. In terms of market segmentation, the airborne platform held the largest share in the US SATCOM Equipment market in 2024.