As per this study the Global Satellite Market was valued USD XX MN (by revenue) in 2021 and is anticipated to reach USD XX MN by 2028 with a CAGR of XX%.
Satellite refers to an artificial body placed in the orbit of the moon or any other planet of the solar system to collect information or for communication. Satellite is a specialized wireless receiver or transmitter launched by a rocket and placed in orbit around the earth or any other planet. It has various applications such as earth observation and remote sensing, scientific research, technology demonstration and verification, communication, mapping and navigation, weather forecasting and surveillance and security.
The increasing demand for direct to home (DTH) television, high definition TV conversion, and intercontinental transmission across the globe is driving the market growth. Growing usage of the internet along with the rising demand for digital TV and growth in communication and broadcasting are again accelerating the market growth. On the flip side, technology risk, spectrum access risk, and increasing competition from fiber optical cable may limit the market growth. Whereas, ongoing R&D and advancements in space technology are likely to offer an opportunity over the forecast period.
This detailed market study is centered on the data obtained from multiple sources and is analyzed using numerous tools including porter’s five forces analysis, market attractiveness analysis and value chain analysis. These tools are employed to gain insights of the potential value of the market facilitating the business strategists with the latest growth opportunities. Additionally, these tools also provide a detailed analysis of each application/product segment in the global market of satellite.
The broad satellite market has been sub-grouped into type, application, and end-user. The report studies these subsets with respect to the geographical segmentation. The strategists can gain a detailed insight and devise appropriate strategies to target specific market. This detail will lead to a focused approach leading to identification of better opportunities.
- Nano Satellite
- Micro Satellite
- Mini Satellite
- Large Satellite
- Earth Observation And Remote Sensing
- Scientific Research
- Technology Demonstration And Verification
- Mapping And Navigation
- Weather Forecasting
- Surveillance And Security
- Defense Industry
- Commercial Industries
- Government Sector
Furthermore, the report comprises of the geographical segmentation which mainly focuses on current and forecast demand for satellite in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The report further focuses on demand for individual application segments in all the regions.
Global Satellite Market Size, Share Analysis Share by Region (Representative Graph)
The report also covers detailed competitive landscape including company profiles of key players operating in the global market. The key players in the satellite market include Airbus S.A.S., Boeing, Eutelsat Communications S.A., Intelsat, Lockheed Martin Corporation, Millennium Space Systems, Inc., Orbital Sciences Corporation, Planet Labs Inc., SES S.A., and Thales Group. An in-depth view of the competitive outlook includes future capacities, key mergers & acquisitions, financial overview, partnerships, collaborations, new product launches, new product developments and other developments with information in terms of H.Q.
A combination of primary and secondary research has been used to determine the market estimates and forecasts. Sources used for secondary research include (but not limited to) Paid Data Sources, Company Websites, Technical Journals, Annual Reports, SEC Filings and various other industry publications. Specific details on methodology used for this report can be provided on demand.