About GEO Satellite
GEO satellite is an earth orbiting satellite that is used to move a satellite from low earth orbit to the geostationary orbit of the earth. The GEO satellite market has high growth prospects owing to technological advancement in the satellite industry for increasing the efficiency of the satellites. Further, increasing demand for commercial communications, earth observation, navigation, military surveillance, and other application propelling market growth. In addition, rising demand from the developing economies expected to drive the demand for the GEO satellite over the forecasted period.
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 4.1% |
The key manufacturers are targeting the innovations of the products with better quality, and better technical characteristics, and also assist in providing and humanizing the after-sale service to the consumers. 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 about mergers and acquisitions to maintain their presence in the market Analyst at AMA Research estimates that United States Manufacturers will contribute the maximum growth to Global GEO Satellite market throughout the forecasted period. Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Northrop Grumman (United States), Information Satellite Systems Reshetnev (Russia), Boeing (United States), Airbus (Germany), OHB SE (Germany), Lockheed Martin (United States), Space System LLC (United States), Thales Group (France) and Ball Corporation (United States) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research coverage are Maxar Technologies (United States) and AeroAstro, Inc. (United States).
Segmentation Overview
AMA Research has segmented the market of Global GEO Satellite market by , Application (Commercial Communications, Earth Observation, Navigation, Military Surveillance and Others) and Region.
On the basis of geography, the market of GEO Satellite has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Orbit , the sub-segment i.e. Geosynchronous Orbits will boost the GEO Satellite market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Weight, the sub-segment i.e. <50 kg will boost the GEO Satellite market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Rising Applications for Multi-Point Distribution and Technological Advancement in the Satellite Market
Market Growth Drivers:
Rising Demand for Satellite without Inter-Satellite Handoff and GEO Satellite Covers Large Geographic Area
Challenges:
Poor Coverage of GEO Satellite at Higher Latitude and Difficult to Broadcast with GEO Satellite near the Polar Region
Restraints:
High Cost of Design and Manufacturing and Signal Latency Issues Related With GEO Satellite
Opportunities:
Growing Demand of GEO Satellite for Broadcasting and Increasing Demand from the Developing Economies
Market Leaders and their expansionary development strategies
In July 2023, Intelsat and OneWeb completed their previously announced merger, creating a combined company with a fleet of over 180 satellites spanning across LEO, MEO, and GEO orbits. This deal aimed to expand Intelsat's global reach and enhance its broadband and mobility services.
In December 2023, SpaceX launched the SES-23 satellite, the most powerful GEO satellite ever built. This satellite is designed to provide high-throughput broadband services across North and South America.
Key Target Audience
GEO Satellite Manufacturers, Electronic Component Providers, Technology Providers, Potential Investors, Government and Research Organizations, Trade Associations and Industry Bodies and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.