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The Satellite Ground Station Equipment Market is projected to grow by USD 6.60 trillion from 2024-2028, driven by rising investments in HTS communication, and a report on AI’s role in market transformation – Technavio

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NEW YORK, Aug. 27, 2024 /PRNewswire/ — The global satellite ground station equipment market size is estimated to grow by USD 6.60 trillion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of  6.89%  during the forecast period. Increasing investments in HTS communication is driving market growth, with a trend towards emergence of mobile ground station. However, high initial investments  poses a challenge. Key market players include AAC Clyde Space AB, Baylin Technologies Inc, Comtech, CPI International Inc, ECA Group, EchoStar Corp., Gilat Satellite Networks Ltd., GomSpace Group AB, Inmarsat Ltd., Innovative Solutions In Space BV, Kratos Defense and Security Solutions Inc., Norsat International Inc., NovelSat, Satcom Direct Inc, Singapore Technologies Engineering Ltd., Teledyne Technologies Inc., Terrasat Communications Inc, Ultra Electronics Holdings Plc, Viasat Inc., and WORK Microwave GmbH.

Get a detailed analysis on regions, market segments, customer landscape, and companies- View the snapshot of this report

Satellite Ground Station Equipment Market Scope

Report Coverage

Details

Base year

2023

Historic period

2018 – 2022

Forecast period

2024-2028

Growth momentum & CAGR

Accelerate at a CAGR of 6.89%

Market growth 2024-2028

USD 6600 billion

Market structure

Fragmented

YoY growth 2022-2023 (%)

6.59

Regional analysis

North America, APAC, Europe, South America, and Middle East and Africa

Performing market contribution

North America at 38%

Key countries

US, China, Japan, Russia, and UK

Key companies profiled

AAC Clyde Space AB, Baylin Technologies Inc, Comtech, CPI International Inc, ECA Group, EchoStar Corp., Gilat Satellite Networks Ltd., GomSpace Group AB, Inmarsat Global Ltd., Innovative Solutions In Space BV, Kratos Defense and Security Solutions Inc., Norsat International Inc., NovelSat, Satcom Direct Inc, Singapore Technologies Engineering Ltd., Teledyne Technologies Inc., Terrasat Communications Inc, Ultra Electronics Holdings Plc, Viasat Inc., and WORK Microwave GmbH

Market Driver

The satellite ground station market encompasses equipment used to track, communicate, and process data from satellites. Establishing a ground station involves significant upfront investment, leading to the rise of mobile ground stations. These portable, cost-effective alternatives enable access to satellite signals in the absence of traditional stations. Mobile ground stations include power supply and network equipment like antenna units, terminal units, junction boxes, navigation equipment, and converters. Initially used domestically, mobile stations will expand for regional and international use, fueling demand for network equipment. This trend is projected to boost the global satellite ground station equipment market. 

The Satellite Ground Station Equipment Market is experiencing significant growth due to the increasing demand for digital broadcasting in rural areas. Terrestrial infrastructure limitations are driving satellite operators to invest in this sector. Cellular connectivity is another key trend, with financing from banks, private equity firms, and venture capitalists playing a crucial role. Key equipment includes radio frequency equipment, communication links, and radio frequency bands. Spectral efficiency, scheduling techniques, signal-to-noise ratio, network compression, and 5G networks are critical factors. Network capacity is a major concern, leading to the adoption of small cells and macro cell towers, as well as satellite-based backhaul. Remote sensing and Earth observation applications are driving bandwidth demand. Satellite constellations in C-band, S-band, K-band, X-band, and LEO segments are shaping the market. Frequency bands, orbit control, and 5G networks are essential for enhancing network capacity. The market is expected to grow further with the development of 5G networks and the increasing importance of satellite-based communication solutions. 

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Market Challenges

Establishing a satellite communication network involves significant upfront investments for both ground and space stations. Ground stations consist of network equipment, consumer devices, and more. Complexities in installing ground station equipment, such as aligning antennas and setting transmitters, contribute to high initial costs. Critical factors like accurately pointing VSAT dishes ensure effective communication channels. Satellite manufacturing, launch, and operations also demand substantial investments, totaling around USD200 million. Environmental challenges, like rain fade, can disrupt operations, leading to downtime and additional costs. These factors create uncertainty in estimating return on investment, potentially hindering growth in the global satellite ground station equipment market.The Satellite Ground Station Equipment Market is experiencing significant growth due to the increasing demand for satellite communication in various industries. Key equipment includes network hardware, NOC equipment, VSAT equipment, antennas, power units, gateways, VSATs, block upconverters, transceiver goods, and more. Challenges include integrating new technologies like NGSO satellite constellations, HTS satellites, 5G satellite, and IoT devices. This requires upgrading existing equipment and investing in new measurement and test equipment. The market is driven by demand from national weather centers, experiment labs, homeland security, defense, marine, search and rescue, space industry, and satellite services. Applications include voice-based services, high-speed internet, big data, artificial intelligence, data analytics, and earth observation. Frequency bands and interference management are critical considerations. The market is expected to grow rapidly due to the increasing demand for satellite communication in various sectors.

For more insights on driver and challenges – Request a sample report!

Segment Overview 

This satellite ground station equipment market report extensively covers market segmentation by  

Type 1.1 NOC equipment1.2 VSAT equipment1.3 Antennas1.4 Power units1.5 OthersGeography 2.1 North America2.2 APAC2.3 Europe2.4 South America2.5 Middle East and Africa

1.1 NOC equipment-  The Network Operations Center (NOC) plays a crucial role in managing satellite transmissions from earth stations and controlling satellite operations in orbit. NOC equipment includes frequency converters, amplifiers, satellite routers, bandwidth optimizers, modems, and BUCs. The increasing complexity and scale of satellite networks require robust management solutions, leading to the growth of the NOC equipment segment. High-throughput satellites (HTSs) and efficient bandwidth management further fuel this demand. Leading vendors, such as Hughes Network Systems, VT iDirect, and Comtech Telecommunications, offer advanced solutions with monitoring, automation, and analytics capabilities for efficient network management. The expansion of satellite-based services, including broadband internet, television broadcasting, and defense communications, necessitates sophisticated NOCs. Thus, the use of NOC equipment will continue to drive the growth of the NOC equipment segment of the global satellite ground station equipment market.

For more information on market segmentation with geographical analysis including forecast (2024-2028) and historic data (2017-2021) – Download a Sample Report

Research Analysis

The Satellite Ground Station Equipment Market encompasses a range of technologies and components used to establish and maintain communication between satellites in Earth’s orbit and ground-based operations. Key equipment includes network equipment for managing and transmitting data, antenna junction boxes and antenna systems for signal reception, terminal units for processing and converting signals, navigation equipment for satellite tracking, and converters for managing power and signal levels. High throughput satellites (HTS) and fixed satellite systems (FSS) are driving growth in the market, with applications spanning national weather centers, homeland security, defense, marine, search and rescue, space industry, satcom networks, satellite services, big data, and artificial intelligence. Reception antennas, feed horns, waveguides, and receivers are essential components of ground station equipment, enabling communication with low earth satellites and enabling satellite communication for various industries.

Market Research Overview

The Satellite Ground Station Equipment Market encompasses a range of technologies and equipment essential for establishing communication between satellites and ground networks. This includes mobile ground stations, network equipment, antenna junction boxes, antenna systems, terminal units, navigation equipment, converters, and HTS communication components. Fixed satellite systems and high-throughput satellites (HTS) utilize spot beams to serve underserved areas with business and maritime applications. Network hardware, NOC equipment, VSAT equipment, antennas, power units, gateways, VSATs, and various converters are integral components of these systems. HTS launches and the growth of NGSO satellite constellations continue to drive market expansion. Earth observation, frequency bands, high-speed internet, digital broadcasting, and rural areas are key applications. Radio frequency equipment, bandwidth, communication links, and spectral efficiency are critical considerations. The market caters to various industries, including homeland security, defense, marine, search and rescue, space industry, and satellite services. Financing from banks, private equity firms, and venture capitalists also plays a significant role in market growth.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

TypeNOC EquipmentVSAT EquipmentAntennasPower UnitsOthersGeographyNorth AmericaAPACEuropeSouth AmericaMiddle East And Africa

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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SOURCE Technavio

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Jack Henry’s Annual Survey of Financial Institutions Highlights Priorities Amid Economic Uncertainty and a New Hybrid Monetary Era

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Banks and credit unions plan to increase technology spending, led by investments in AI, digital banking, and data analytics

MONETT, Mo., April 28, 2026 /PRNewswire/ — Banks and credit unions are prioritizing operational efficiency, deposit growth, and new payment capabilities as they navigate economic uncertainty and increasing technological complexity, according to findings from Jack Henry’s eighth annual Strategy Benchmark.

Jack Henry® (Nasdaq: JKHY) surveyed 193 executives from financial institutions using Jack Henry solutions. The survey highlights the industry’s most pressing strategic priorities, top concerns, and technology investment plans for the next two years.

“Banks and credit unions have finally recognized their biggest competitive threat in Big Fintech and Big Crypto,” says Lee Wetherington, Senior Director of Corporate Strategy and lead author of the benchmark. “As we enter a new hybrid monetary era, the game is changing and charter franchises are under attack. The goal of strategy is no longer simply to win but to ensure you’re competing to win the right game.”

The vast majority of financial institutions plan to increase technology spending, with 88% expecting to raise their tech budgets over the next two years, up from 76% last year. Four in 10 institutions (41%) plan increases of 6% to 10%, compared with 33% a year ago. Artificial intelligence (48%) is the top planned technology investment for the first time, followed by digital banking (38%) and data analytics (32%). While banks remain focused on growing deposits (64%) as their top strategic priority in 2026-2027, credit unions (40%) continue to place outsized emphasis on acquiring younger accountholders (Gen Z/Alpha).

“Financial institutions are in a high-stakes race for Gen Z and small business,” says Jennifer Geis, Senior Strategic Advisor of Corporate Strategy at Jack Henry and Managing Editor of the study. “Given Gen Z now drives most small-business formation—and given small-business deposits are 4-5X larger than retail—understanding and meeting the unique needs of “bizumers” is key to growth, whether you frame it in terms of deposits or demographics.”

Among the highlights from the survey:

PaymentsMore than nine out of 10 CEOs (94%) plan to add new payment services within the next two years, yet only 36% have a formal payments strategy in place.More than four out of five (82%) financial institutions plan to incorporate tap-to-pay as part of their strategy to add younger accountholders.Nearly half (47%) of CEOs plan to embed payments into their digital banking experience over the next two years.Small Business FocusThree out of four CEOs say they plan to expand services for small- and medium-sized businesses (SMBs).The most common planned addition is payment services, including FedNow®, request for payment, and tap-to-pay. 
 Cryptocurrency18% of CEOs plan to support stablecoins, tokenized money, and/or cryptocurrency by the end of 2027. This includes:Tokenized deposits/deposit tokensSupport for on-chain wallets for accountholdersAbility to orchestrate, exchange, and settle dollars to and from stablecoins/crypto.However, only 3% of CEOs report having a formal stablecoin strategy in place.
 Getting YoungerThe second most important strategic priority for credit unions (and fourth overall) is adding younger accountholders. It is also one of the top three concerns for CEOs.More than 40% of credit unions have a formal strategy, compared to just 10% of banks.Fintechs and neobanks are considered the biggest competitive threat in this area.Data analytics and AILeveraging data is the 5th most important strategic priority overall among banks and credit unionsPlans to implement AI grew double digits compared to last year1/3 of FIs plan to embed data collection/analysis tools within digital banking

The study’s results are based on an online survey conducted in January and February 2026 of a diverse sample of Jack Henry clients with assets ranging from less than $500 million to more than $5 billion. Download the eBook to learn more.

About Jack Henry & Associates, Inc.®
Jack Henry® (Nasdaq: JKHY) is a well-rounded financial technology company that strengthens connections between financial institutions and the people and businesses they serve. We are an S&P 500 company that prioritizes openness, collaboration, and user centricity – offering banks and credit unions a vibrant ecosystem of internally developed modern capabilities as well as the ability to integrate with leading fintechs. For 50 years, Jack Henry has provided technology solutions to enable clients to innovate faster, strategically differentiate, and successfully compete while serving the evolving needs of their accountholders. We empower approximately 7,400 clients with people-inspired innovation, personal service, and insight-driven solutions that help reduce the barriers to financial health. Additional information is available at jackhenry.com.

Statements made in this news release that are not historical facts are “forward-looking statements.” Because forward-looking statements relate to the future, they are subject to inherent risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such statements. Such risks and uncertainties include, but are not limited to, those discussed in the Company’s Securities and Exchange Commission filings, including the Company’s most recent reports on Form 10-K and Form 10-Q, particularly under the heading “Risk Factors.” Any forward-looking statement made in this news release speaks only as of the date of the news release, and the Company expressly disclaims any obligation to publicly update or revise any forward-looking statement, whether because of new information, future events or otherwise.

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SOURCE Jack Henry & Associates, Inc.

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CorroHealth Honored As Stevie® Award Winner In 2026 American Business Awards®

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PLANO, Texas, April 28, 2026 /PRNewswire/ — Leading revenue cycle technology company CorroHealth was named the winner of a Silver Stevie® Award in the Health Provider category in The 24th Annual American Business Awards®.

The American Business Awards are the U.S.A.’s premier business awards program. All organizations operating in the U.S.A. are eligible to submit nominations – public and private, for-profit and non-profit, large and small. This year, the program received more than 3,600 nominations from organizations across virtually every industry.

“We are honored to receive this prestigious award and to be recognized alongside many esteemed American business leaders,” said Pat Leonard, CEO of CorroHealth. “This acknowledgement reflects CorroHealth’s ongoing commitment to the healthcare industry, serving as the leading revenue cycle technology company built for the future of healthcare finance.”

CorroHealth earned recognition for its mission and purpose, transforming healthcare operations and driving innovation to deliver better outcomes for hospitals and health systems. The company was selected after a methodical nomination process and careful evaluation of its industry impact and dedication to bridging the gap between patient care and financial performance.

More than 250 professionals worldwide participated in the judging process to select this year’s Stevie Award winners. One judge who evaluated the nomination stated, “CorroHealth’s blend of expert driven services and AI-powered platforms delivers measurable, enterprise scale financial gains that far exceed industry norms.” The judges also recognized the company as a leader in innovation and operational excellence within the healthcare financial technology sector.

To learn more about CorroHealth, visit corrohealth.com.

About CorroHealth 
CorroHealth, the leading healthcare technology and revenue cycle management company that helps providers and payers improve financial performance through automation, data-driven analytics, and clinically led expertise. CorroHealth delivers integrated, scalable solutions that support complex reimbursement and documentation workflows, backed by a global workforce operating in more than 10 locations, including the United States, United Kingdom, India, and the United Arab Emirates. The company was recently named one of the “Top Places to Work in Healthcare in 2026” by Becker’s Healthcare and a Great Place To Work® Certified™ in India for the second time in two years. Further information is available at corrohealth.com.

About the Stevie Awards
Stevie Awards are conferred in nine programs: the Asia-Pacific Stevie Awards, the German Stevie Awards, the Middle East & North Africa Stevie Awards, The American Business Awards®, The International Business Awards®, the Stevie Awards for Women in Business, the Stevie Awards for Great Employers, the Stevie Awards for Sales & Customer Service, and the new Stevie Awards for Technology Excellence. Stevie Awards competitions receive more than 12,000 entries each year from organizations in more than 70 nations. Honoring organizations of all types and sizes, as well as the people behind them, the Stevies recognize outstanding workplace performance worldwide. Learn more about the Stevie Awards at http://www.StevieAwards.com.

Media Contact:
CorroHealth
Mellissa Gardner, Chief Marketing and Strategy Officer
mellissa.gardner@corrohealth.com

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SOURCE CorroHealth

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Singular Genomics Names John Stark as Chief Executive Officer as Company Builds on Spatial Platform Momentum

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SAN DIEGO, April 28, 2026 /PRNewswire/ — Singular Genomics Systems, Inc. today announced the appointment of John Stark as Chief Executive Officer. This leadership transition comes as Singular builds on the launch of its market-leading spatial platform and enters its next phase, focused on expanding adoption, deepening strategic partnerships, and increasing the impact of multimodal spatial data across translational research, drug development, and future clinical applications. Josh Stahl will transition to a new role as Independent Director on the Board.

“With Singular’s G4X platform now successfully on the market, the company is positioned to realize spatial pathology’s potential across translational research and clinical applications,” said Allison Ballmer, Chair of the Board. “Josh strengthened Singular and repositioned the company’s technology, culminating in the successful launch of the G4X platform. John’s leadership experience will now help scale the business and capitalize on the opportunity to drive precision medicine forward.”

John brings more than 25 years of experience commercializing innovative technologies while scaling organizations and raising capital. Most recently, John served as Chief Executive Officer of Resolve Biosciences, a spatial biology platform company, where he drove partnerships and routine use across the translational, drug development, and clinical research markets. Prior to Resolve, John served as Chief Executive Officer of Quantum-Si, a next-generation single-molecule protein sequencing platform company, and Chief Executive Officer of Celsee, a single-cell genomics platform company acquired by Bio-Rad in 2020. Earlier in his career, he held senior leadership positions at Life Technologies, Pacific Biosciences, and Affymetrix.

“Singular has built a competitive spatial platform and a strong foundation in a rapidly evolving market,” said John Stark, CEO. “I’m excited to build on that momentum – deepening partnerships, scaling adoption, and unlocking broader value from spatial data across research, drug development, and precision medicine.”

“We thank Josh Stahl for building an exceptional foundation for Singular, and welcome John Stark, who brings a long history of commercial leadership to the company,” said Andrew ElBardissi, Partner at Deerfield Management. “We remain confident in Singular’s technology, market opportunity, and path to leadership in precision medicine and are committed to supporting the company’s continued growth.”

About Singular Genomics

Singular is a life science technology company focused on delivering high-throughput spatial pathology solutions to advance precision medicine. The company’s G4X™ Spatial Sequencer enables scalable, multiomic analysis directly in tissue, combining performance, throughput, and cost efficiency to support translational research, AI-driven insights, and clinical developments. Singular is headquartered in San Diego, California.

Forward-Looking Statements

Certain statements contained in this press release, other than statements of historical fact, may constitute forward-looking statements within the meaning of the federal securities laws. These statements are based on current expectations and involve risks and uncertainties that could cause actual results to differ materially. Singular Genomics undertakes no obligation to update forward-looking statements, except as required by law.

Media Contact
Darius Fugere
dariusf@singulargenomics.com

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SOURCE Singular Genomics

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