Product Code: r2087
“Satellites Global Market Report 2023 ” from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on satellites market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Reasons to Purchase
- Gain a truly global perspective with the most comprehensive report available on this market covering 50+ geographies.
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- Measure the impact of high global inflation on market growth.
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Where is the largest and fastest growing market for satellites ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The satellites market global report ” from The Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
Scope
Markets Covered:
1) By Type: Large Satellite; Mini Satellite; Micro Satellite
2) By Orbit: Low Earth Orbit (Leo); Medium Earth Orbit (Meo); Geosynchronous Orbit (Geo); Elliptical Orbit
3) By End User: Commercial; Civil; Government; Others
4) By Application: Scientific Research; Technology Demonstration And Verification; Earth Observation And Remote Sensing; Scientific Research; Communication; Others
Companies Mentioned: Intelsat; SES S.A.; Lockheed Martin Corporation; Airbus S.A.S.; Millennium Space Systems Inc.
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Delivery format: PDF, Word and Excel Data Dashboard.
Executive Summary
Major players in the satellites market are: Intelsat, SES S.A., Lockheed Martin Corporation, Airbus S.A.S., Millennium Space Systems Inc., Eutelsat Communications S.A., Boeing, Thales Group, Orbital Sciences Corporation, Planet Labs Inc., AAC Clyde Space, Adcole Maryland Aerospace LLC, Alen Space, Blacksky, Blue Canyon Technologies(BCT), Endursat, Exolaunch GmbH, G.A.U.S.S. Srl, Geooptics Inc, Gomspace, L3Harris Technologies Inc., Nanoavionics, Nanoracks, Viasat Inc., Telesat, EchoStar Corporation, L3 Technologies Inc., Thuraya Telecommunications Company, SKY Perfect JSAT Group, Gilat Satellite Networks and Cobham Limited.
The global satellites market will grow from $25.68 billion in 2022 to $27.73 billion in 2023 at a compound annual growth rate (CAGR) of 8.0%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, surge in commodity prices, and supply chain disruptions, causing inflation across goods and services effecting many markets across the globe. The satellites market is expected to grow to $33.59 billion in 2027 at a CAGR of 4.9%.
The satellite market consists of sales of satellite systems with solar panels or radioisotope thermoelectric generators used for space applications. The market includes maintenance services provided by aerospace support and auxiliary equipment manufacturers during the equipment's warranty period. Values in this market are: 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
A satellite is an artificial body that is placed in orbit around the earth or another planet to collect data or communicate. The components of satellite include communications system, power system, and propulsion system.
Asia Pacific was the largest region in the satellites market in 2022. Asia Pacific is expected to be the fastest growing region in the forecast period. The regions covered in satellites market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The main types of satellites are large satellites, mini satellites, and micro satellites. The various types of orbit include low earth orbit (LEO), medium earth orbit (MEO), geosynchronous orbit (GEO), elliptical orbit, which are used in scientific research, technology demonstration and verification, earth observation and remote sensing, scientific research, communication, and others. When an object revolves around another object in an oval shape, it is said to be in an elliptical orbit. The end users involved are commercial, civil, government, and others.
During the forecast period, increasing demand for Direct-To-Home (DTH) television services globally contributed to the satellite market's growth. The DTH (Direct to Home) service is basically a digital satellite service that delivers satellite television programming promptly to a subscriber's home. According to the Telecom Regulatory Authority of India (TRAI) Quarterly Indicator reports, in 2020, DTH will have attained a net pay active subscriber base of around 70.99 million with five pay DTH service providers. Since DTH (Direct to Home) service employs wireless technology, the television programs are transmitted to the subscriber's television directly from the satellite, which drove the demand for satellites, which in turn fueled the revenues generated for the satellite market.
During the forecast period, increased competition from fiber-optic cable services is expected to limit the growth of the satellite market. A satellite internet provider may not quite provide the speed needed for some online activities in comparison to fiber-optic cable internet services. According to data published by DecisionData, in 2020, most residential fiber-optic providers will have increased download speeds of up to 1,000 Mbps (1 Gbps) with matching upload speeds. Whereas, in general, satellite internet providers offer download speeds of between 12 and 100 Mbps only. As a comparison, the Federal Communications Commission (FCC) standard for high-speed connections is 25 Mbps, which is far less compared to fiber-optic cable internet. Thus, the added competition due to the slower speed and higher latency of satellite internet is expected to have a negative impact on the satellite market, affecting the market's growth.
The launch of hybrid DTH Set-Top Boxes is gaining popularity in the satellite market. The Hybrid Set-Top Boxes are something that surfaced as a result of DTH operators trying to bring online content to TV screens. For instance, in 2020, D2h launched an internet-enabled Android-based HD Set-Top Box and a voice-enabled stick with Alexa built-in. It is worth noting that the new Set-Top Box which has been launched by D2h is not a standard Set-Top Box which only comes with a DTH connection. However, it is a hybrid set-top box that combines a DTH connection with Over-the-Top (OTT) content. A Hybrid Set-Top Box is something that will let you access both your OTT content online and the satellite TV channels side-by-side.
In October 2020, AAC Clyde Space, a Swedish-based company that provides small satellite solutions, announced the acquisition of SpaceQuest, Ltd. for $8.4 million. The acquisition is expected to help AAC Clyde Space to grow its operations in the U.S. and to expand its Space-as-a-Service offerings. SpaceQuest, Ltd. is a Virginia-based satellite technology developer.
The countries covered in the satellites market are: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK and USA.
The market value is defined as the revenues that enterprises gain from goods and/or services sold within the specified market and geography through sales, grants, or donations in terms of currency (in USD ($) unless otherwise specified).
The revenues for a specified geography are consumption values - that is, they are revenues generated by organizations in the specified geography within the specified market, irrespective of where they are produced. It does not include revenues from resales either further along the supply chain or as part of other products.
The satellite market research report is one of a series of new reports from The Business Research Company that provides satellite market statistics, including satellite industry global market size, regional shares, competitors with a satellite market share, detailed satellite market segments, market trends and opportunities, and any further data you may need to thrive in the satellite industry. This satellite market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future state of the industry.
Table of Contents
1. Executive Summary
2. Satellites Market Characteristics
3. Satellites Market Trends And Strategies
4. Satellites Market Market - Macro Economic Scenario
4.1 COVID-19 Impact On Satellites Market Market
4.2 Ukraine-Russia War Impact On Satellites Market Market
4.3 Impact Of High Inflation On Satellites Market Market
5. Satellites Market Size And Growth
- 5.1. Global Satellites Historic Market, 2017-2022, $ Billion
- 5.1.1. Drivers Of The Market
- 5.1.2. Restraints On The Market
- 5.2. Global Satellites Forecast Market, 2022-2027F, 2032F, $ Billion
- 5.2.1. Drivers Of The Market
- 5.2.2. Restraints On the Market
6. Satellites Market Segmentation
- 6.1. Global Satellites Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- Large Satellite
- Mini Satellite
- Micro Satellite
- 6.2. Global Satellites Market, Segmentation By Orbit, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- Low Earth Orbit (Leo)
- Medium Earth Orbit (Meo)
- Geosynchronous Orbit (Geo)
- Elliptical Orbit
- 6.3. Global Satellites Market, Segmentation By End Userr, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- Commercial
- Civil
- Government
- Others
- 6.4. Global Satellites Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- Scientific Research
- Technology Demonstration And Verification
- Earth Observation And Remote Sensing
- Scientific Research
- Communication
- Others
7. Satellites Market Regional And Country Analysis
- 7.1. Global Satellites Market, Split By Region, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 7.2. Global Satellites Market, Split By Country, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
8. Asia-Pacific Satellites Market
- 8.1. Asia-Pacific Satellites Market Overview
- Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
- 8.2. Asia-Pacific Satellites Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 8.3. Asia-Pacific Satellites Market, Segmentation By Orbit, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
9. China Satellites Market
- 9.1. China Satellites Market Overview
- 9.2. China Satellites Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F,$ Billion
- 9.3. China Satellites Market, Segmentation By Orbit, Historic and Forecast, 2017-2022, 2022-2027F, 2032F,$ Billion
10. India Satellites Market
- 10.1. India Satellites Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 10.2. India Satellites Market, Segmentation By Orbit, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
11. Japan Satellites Market
- 11.1. Japan Satellites Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 11.2. Japan Satellites Market, Segmentation By Orbit, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
12. Australia Satellites Market
- 12.1. Australia Satellites Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 12.2. Australia Satellites Market, Segmentation By Orbit, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
13. Indonesia Satellites Market
- 13.1. Indonesia Satellites Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 13.2. Indonesia Satellites Market, Segmentation By Orbit, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
14. South Korea Satellites Market
- 14.1. South Korea Satellites Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 14.2. South Korea Satellites Market, Segmentation By Orbit, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
15. Western Europe Satellites Market
- 15.1. Western Europe Satellites Market Overview
- 15.2. Western Europe Satellites Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 15.3. Western Europe Satellites Market, Segmentation By Orbit, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
16. UK Satellites Market
- 16.1. UK Satellites Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 16.2. UK Satellites Market, Segmentation By Orbit, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
17. Germany Satellites Market
- 17.1. Germany Satellites Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 17.2. Germany Satellites Market, Segmentation By Orbit, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
18. France Satellites Market
- 18.1. France Satellites Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 18.2. France Satellites Market, Segmentation By Orbit, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
19. Eastern Europe Satellites Market
- 19.1. Eastern Europe Satellites Market Overview
- 19.2. Eastern Europe Satellites Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 19.3. Eastern Europe Satellites Market, Segmentation By Orbit, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
20. Russia Satellites Market
- 20.1. Russia Satellites Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 20.2. Russia Satellites Market, Segmentation By Orbit, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
21. North America Satellites Market
- 21.1. North America Satellites Market Overview
- 21.2. North America Satellites Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 21.3. North America Satellites Market, Segmentation By Orbit, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
22. USA Satellites Market
- 22.1. USA Satellites Market Overview
- 22.2. USA Satellites Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 22.3. USA Satellites Market, Segmentation By Orbit, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
23. South America Satellites Market
- 23.1. South America Satellites Market Overview
- 23.2. South America Satellites Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 23.3. South America Satellites Market, Segmentation By Orbit, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
24. Brazil Satellites Market
- 24.1. Brazil Satellites Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 24.2. Brazil Satellites Market, Segmentation By Orbit, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
25. Middle East Satellites Market
- 25.1. Middle East Satellites Market Overview
- 25.2. Middle East Satellites Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 25.3. Middle East Satellites Market, Segmentation By Orbit, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
26. Africa Satellites Market
- 26.1. Africa Satellites Market Overview
- 26.2. Africa Satellites Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 26.3. Africa Satellites Market, Segmentation By Orbit, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
27. Satellites Market Competitive Landscape And Company Profiles
- 27.1. Satellites Market Competitive Landscape
- 27.2. Satellites Market Company Profiles
- 27.2.1. Intelsat
- 27.2.1.1. Overview
- 27.2.1.2. Products and Services
- 27.2.1.3. Strategy
- 27.2.1.4. Financial Performance
- 27.2.2. SES S.A.
- 27.2.2.1. Overview
- 27.2.2.2. Products and Services
- 27.2.2.3. Strategy
- 27.2.2.4. Financial Performance
- 27.2.3. Lockheed Martin Corporation
- 27.2.3.1. Overview
- 27.2.3.2. Products and Services
- 27.2.3.3. Strategy
- 27.2.3.4. Financial Performance
- 27.2.4. Airbus S.A.S.
- 27.2.4.1. Overview
- 27.2.4.2. Products and Services
- 27.2.4.3. Strategy
- 27.2.4.4. Financial Performance
- 27.2.5. Millennium Space Systems, Inc.
- 27.2.5.1. Overview
- 27.2.5.2. Products and Services
- 27.2.5.3. Strategy
- 27.2.5.4. Financial Performance
29. Key Mergers And Acquisitions In The Satellites Market
29. Satellites Market Future Outlook and Potential Analysis
30. Appendix
- 30.1. Abbreviations
- 30.2. Currencies
- 30.3. Historic And Forecast Inflation Rates
- 30.4. Research Inquiries
- 30.5. The Business Research Company
- 30.6. Copyright And Disclaimer