Market Share of ANZ Satellite Communications Industry
The ANZ satellite communication (SATCOM) market is highly fragmented, with the presence of major players like Inmarsat global limited, Lockheed Martin, Gilat Satellite Networks Ltd, Viasat Inc., and L3Harris Technologies Inc. Players in the market are adopting strategies such as partnerships, innovations, mergers, and acquisitions to enhance their product offerings and gain sustainable competitive advantage.
- In May 2023, Inmarsat was given a USD 187.4 million ANZ contract for satellite positioning. These can reduce location errors from several meters to as low as ten centimeters. With that level of precision, more automated systems utilized in aviation, maritime, agricultural, mining, and emergency services and enhanced collision avoidance for autonomous vehicles will be available.
- In March 2023, Lockheed Martin Australia (LMA) picked Victoria as the engineering and technical hub for its proposed sovereign military satellite communications system, JP9102. This investment would result in the creation of nearly 200 advanced space sector jobs in Victoria. Simultaneously, Lockheed Martin ANZ announced collaborations with Marand, Survitec, and TR Calibration to offer instrumentation, calibration, and repair services for Lockheed Martin's aviation ground support equipment as part of the company's Product Support Provider network (PSPn).
ANZ Satellite Communications Market Leaders
Inmarsat Global Limited
Lockheed Martin
Gilat Satellite Networks Ltd
Viasat Inc.
L3Harris Technologies Inc
*Disclaimer: Major Players sorted in no particular order
