Satellite Market

Satellite Market Size, Share, Growth Analysis, By Type(LEO, GEO, MEO, Others), By Application(Commercial, National Security, Science & Environment), By Region(North America, U.S., Canada, Mexico) - Industry Forecast 2024-2031

Report ID: UCMIG20A2017 | Region: Global | Published Date: Upcoming |
Pages: 165 | Tables: 55 | Figures: 60

Satellite Market Insights

Market Overview:

The growth in demand for direct-to-home (DTH) television, the conversion of standard definition television, and intercontinental transmission in developed economies are the main drivers of the global satellite market. The market is also being fuelled by the ongoing expansion of internet access and video distribution, the rise in demand for digital TV, and the expansion of communication and broadcasting. Additionally, it is presumed that new development opportunities will arise as a result of advances in space technology, an increase in the demand for satellites across a range of application areas, the birth of the terrestrial broadband concept, and hybrid DTH. The market is expanding as a result of the rising demand for mobile satellite services and small satellites for earth observation services in the energy, oil & gas, defence, and agricultural sectors. The current communication infrastructure now includes an artificial satellite in a network, which is known as satellite communication (Satcom). The market is projected to develop as a result of this.

Satellite Market, Forecast & Y-O-Y Growth Rate, 2020 - 2028
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This report is being written to illustrate the market opportunity by region and by segments, indicating opportunity areas for the vendors to tap upon. To estimate the opportunity, it was very important to understand the current market scenario and the way it will grow in future.

Production and consumption patterns are being carefully compared to forecast the market. Other factors considered to forecast the market are the growth of the adjacent market, revenue growth of the key market vendors, scenario-based analysis, and market segment growth.

The market size was determined by estimating the market through a top-down and bottom-up approach, which was further validated with industry interviews. Considering the nature of the market we derived the Aerospace & Defense by segment aggregation, the contribution of the Aerospace & Defense in Capital Goods and vendor share.

To determine the growth of the market factors such as drivers, trends, restraints, and opportunities were identified, and the impact of these factors was analyzed to determine the market growth. To understand the market growth in detail, we have analyzed the year-on-year growth of the market. Also, historic growth rates were compared to determine growth patterns.

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The market for Satellite was estimated to be valued at US$ XX Mn in 2021.

The Satellite Market is estimated to grow at a CAGR of XX% by 2028.

The Satellite Market is segmented on the basis of Type, Application, Region.

Based on region, the Satellite Market is segmented into North America, Europe, Asia Pacific, Middle East & Africa and Latin America.

The key players operating in the Satellite Market are Lockheed Martin, Thales Alenia Space, Northrop Gruman, CASC, Airbus Defence and Space, Boeing Defense, Space & Security, Maxar Technologies, OHB, Raytheon, ISS-Reshetnev Company, Dynetics, Planet Labs, Ball Aerospace, ISIS, AAC Clyde Space.

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Satellite Market

Report ID: UCMIG20A2017