Global Satellite- Market Overview:
A satellite is man-made object that human beings have sent into a circular path around a planet or other star. It is launched in space for various purpose such as communication, broadcasting, navigation, weather forecasting, space missions, mapping, etc. Global satellite market is experiencing strong growth driven by increasing demand for data, communication and earth observation services. Small satellites are at the forefront of this expansion and are known for their cost-effectiveness and flexibility. Shift towards the low-Earth orbit (LEO) constellations, which offer better coverage and faster deployment capabilities is expected to fuel the growth. In addition, the growing need for high-capacity satellite network services (HTS), especially in remote areas, will play a key role in bridging the digital divide offering lucrative opportunities for market players.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Forecast Period | 2024-2030 |
Historical Period | 2018-2023 |
Unit | Value (USD Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Influencing Trend:
Growing Popularity of Small Satellites Due to Its Affordability and Easy Deployment and Inclination Towards the High-Throughput Satellites Due to Increased Data Capacity
Market Growth Drivers:
Growing Demand of Communication, Broadcasting and Earth Observation and Increasing Investment in Scientific Research Missions To Explore Solar System
Challenges:
Difficult to Broadcast with GEO Satellite near the Polar Region
Restraints:
Signal Latency Issues Related With GEO Satellite
Opportunities:
Development and integration of More Precise and Robust Navigation Solutions
Competitive Landscape:
The key players are targeting the innovations of the Solutions with better quality, better technical characteristics. The key players are probable to keep a stronghold on the market over the anticipated period. The key players are accepting strategic decisions and are thinking upon mergers and acquisitions in order to maintain their presence in the market.
Some of the key players profiled in the report are Airbus SE (Netherlands), Boeing (United States), Lockheed Martin Corporation (United States), Northrop Grumman (United States), Thales Group (France), Information Satellite Systems Reshetnev (Russia), OHB SE (Germany), RTX Corporation (United States) and Planet Labs, Inc. (United States). Analyst at AMA Research see United States Manufacturers to retain maximum share of Global Satellite- market by 2030. Considering Market by Orbit Type, the sub-segment i.e. Low Earth Orbit Satellite will boost the Satellite- market. Considering Market by Power Source, the sub-segment i.e. Solar Panel will boost the Satellite- market. Considering Market by Size, the sub-segment i.e. Small will boost the Satellite- market. Considering Market by End User, the sub-segment i.e. Government will boost the Satellite- market.
What Can be Explored with the Satellite- Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Satellite- Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Satellite-
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Satellite- market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Satellite- market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes New Entrants/Investors, Analysts and Strategic Business Planners, Satellite System Manufacturers, Aerospace Agencies, Venture Capitalists and Private Equity Firms, Government Bodies, Research Organizations and Others.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.