The global Satellite Spectrum Monitoring market is projected to generate $6,127.3 million revenue by 2030, advancing at a CAGR of 7.1% during 2021–2030. This will be on account of the rising signal interference due to SATCOM proliferation and the rise in spectrum congestion due to increasing technological innovations.
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, the satellite spectrum monitoring market is experiencing significant growth. Moreover, the government and national regulatory authorities (NRAs) are actively promoting investment in 5G infrastructure, which is fueling market growth. For instance, in January 2020, the EC Horizon 2020 program was established, which promoted innovation of 5G networks in the EU, China, the U.S., and Taiwan, among others, including cross-border connected and automated mobility and at the same time conducting 5G trials across different vertical industries.
The government accounted for around 25% of revenue share in 2021, attributed to the implementation of various satellite spectrum monitoring plans by the government, and continuous technology plans by the key players. Effective governmental control and spectrum management are both necessary and challenging to achieve in today's increasingly crowded and globalized wireless world. To stay ahead of the curve, catch violators, and handle disputes, government agencies require the most advanced spectrum monitoring technology available.
The spectrum monitoring system also aids satellite frequency regulators in identifying allowed and illegitimate satellite communication signals, managing satellite spectrum in their countries, and enhancing collaboration with other telecommunications regulatory organizations. It also aids the government in analyzing and comprehending real-world band circumstances before the implementation of spectrum legislation. In February 2020, Kratos Defense & Security Solutions, Inc. was awarded $11.5 million by the government to build an advanced space radio monitoring system to help regulate and protect the satellite spectrum. Also, in December 2019, Kratos Defense & Security Solutions, Inc. received a $39 million contract to uninterruptedly monitor RF signals for government leased bandwidth on commercial satellites as well as military SATCOMs.
Companies operating in the market have been involved in product launches to remain competitive. For instance, in October 2019, In October 2019, L3harris Technologies’ Narda Safety Test Solutions launched its next-generation personal monitoring device RadMan 2a for the monitoring of RF electromagnetic radiation. RadMan 2 provides automatic sensor test, a frequency range up to 60 GHz, and highly visible and audible alarms – making it essential for personnel in the telecommunication industry and other RF workers.
The major players operating in the global satellite spectrum monitoring market are Avcom of Virginia Inc., Keysight Technologies Inc., Kratos Defense & Security Solutions, Inc., ST Engineering idirect, National Instruments Corporation, Calian, Advanced Technologies, Integrasys S.A., Narda Safety Test Solutions, Rohde & Schwarz GmbH& Co.