Satellite Market By Function (Satellite Services, Ground Equipment, Satellite Manufacturing, Satellite Launch), By Orbit Type (LEO, MEO, GEO), By Application (Communication, Earth Observation, Navigation, Technology development and education), By End Use (Military, Government and Civil, Commercial): Global Opportunity Analysis and Industry Forecast, 2023-2032
Satellite service providers offer satellite capacity to end users such as DTH (Direct to Home) operators, telecommunication companies, and others. These providers buy capacity from the satellite operators to resell voice, broadcasting, and data circuits to several end-user industries.
A significant trend in satellite services is the expansion of satellite-based internet services, especially in remote and underserved areas, effectively bridging the digital divide and offering global connectivity. The segment is witnessing advancements in high-throughput satellites, which offer faster data speeds and improved broadband services, enhancing the quality of service. Satellite service providers are extending their coverage to even the most remote regions, providing connectivity in areas with limited terrestrial infrastructure, ensuring global accessibility.
Emerging economies present significant opportunities for satellite-based services, especially in regions where DTH services are expanding. For instance, in June 2022, NewSpace India Limited (NSIL) achieved a successful launch of GSAT-24, marking its first demand-driven communication satellite mission following space sector reforms. In this mission, NSIL leased the entire satellite's capacity to the Direct-to-Home (DTH) service provider Tata Play. Therefore, such instances propel the growth of the segment.
Satellite manufacturers are focusing on high-throughput payloads, enabling advanced communication and data services, meeting the ever-growing demand for data. Reusable components and cost-effective manufacturing techniques are becoming prevalent, driving down satellite production costs, leading to cost-efficient solutions.
The growing demand for satellite constellations, particularly for global Internet coverage, is driving the satellite market growth, necessitating high production volumes.
Moreover, satellite companies launched satellites to focus on defense needs of the country. For instance, United Launch Alliance (ULA), launched the fifth Space-Based Infrared System satellite for the U.S. Space Force in May 2021. With the help of its onboard infrared sensors, the $1 billion satellite, built by Lockheed Martin, is designed to identify and track plumes produced by missile launches throughout the world. Its capabilities will allow the U.S to prepare for any imminent attacks. Increase in efforts to expand space defense capabilities by the government and defense organizations boosts the growth of the satellite manufacturing segment.
The satellite market is segmented on the basis of orbit type, function, application, end use, and region. By orbit type, the market is segmented into LEO, MEO, and GEO. By function, the market is segmented into satellite services, ground equipment, satellite manufacturing, and satellite launch. By application, the market is segmented into communication, Earth observation, navigation, and technology development and education. By end use, the market is divided into military, government and civil, and commercial. By region, the market is studied across North America, Europe, Asia-Pacific and LAMEA.
The key players profiled in the global satellite market include Airbus, Boeing, Intelsat, Lockheed Martin Corporation, SPACEX, L3Harris Technologies, Inc., Safran SA, SES S.A., Inmarsat Global Limited, and Northrop Grumman Corporation.
Key Benefits For StakeholdersThis report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the satellite market analysis from 2022 to 2032 to identify the prevailing satellite market opportunities.
The market research is offered along with information related to key drivers, restraints, and opportunities.
Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
In-depth analysis of the satellite market segmentation assists to determine the prevailing market opportunities.
Major countries in each region are mapped according to their revenue contribution to the global market.
Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
The report includes the analysis of the regional as well as global satellite market trends, key players, market segments, application areas, and market growth strategies.
Additional company profiles with specific to client's interest
Additional country or region analysis- market size and forecast
Key Market SegmentsBy FunctionSatellite Services
Ground Equipment
Satellite Manufacturing
Satellite Launch
By Orbit TypeLEO
MEO
GEO
By ApplicationCommunication
Earth Observation
Navigation
Technology development and education
By End UseMilitary
Government and Civil
Commercial
By RegionNorth America
U.S.
Canada
Mexico
Europe
Germany
France
UK
Italy
Rest of Europe
Asia-Pacific
China
India
Japan
South Korea
Rest of Asia-Pacific
LAMEA
Latin America
Middle East
Africa
Key Market PlayersBoeing
Safran SA
Airbus
SES S.A.
L3Harris Technologies, Inc.
Inmarsat Global Limited
SPACEX
Intelsat
Lockheed Martin Corporation
Northrop Grumman Corporation
Please Note: It will take 7-10 business days to complete the report upon order confirmation.