Medium and Large Satellite Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032
Growth Factors of Medium and Large Satellite Market
The medium and large satellite market size was valued at USD 7.90 billion in 2023, and the market is now projected to grow from USD 6.91 billion in 2024 to USD 9.52 billion by 2032, exhibiting a CAGR of 4.7% during the forecast period of 2024-2032.
The Covid-19 had a drastic influence this particular product market. The coronavirus outbreak that swept the country caused a delay in the launch of India's first GEO Imaging Satellite.These factors affected the medium and large satellite market growth. It was the first earth observation satellite to be launched into geostationary orbit in the nation.Furthermore, throughout the past year, U.K. space sector enterprises reported a decline in foreign demand.
There has been an excess of demand for satellites for military reconnaissance and communication purposes. Governments, space agencies, defense departments, commercial defense contractors, and players in the private space industry are placing a strong emphasis on improving the communication network capabilities for military and public reconnaissance uses like target and data acquisition, intelligence gathering, and surveillance. Developments like rising defense spending in the United States, China, India, and other Asian and European nations, as well as yearly increases in spending on satellite-based advanced technology for global coverage, will enable ISR capabilities that deliver precise, coherent, and high-resolution intelligence information for crucial missions, which are anticipated to drive market growth over the course of the forecast period. These factors affected the medium and large satellite market share.
The production of satellite components is carried out by Airbus Defense and Space using EOS technology. The product's cost is allegedly reduced by the manufacturer by using 3D-printed parts. The total effectiveness of the market may be enhanced by these elements.
Comprehensive Analysis of Medium and Large Satellite Market
The market is divided into LEO, MEO, GEO, and other categories based on orbit. The market is divided into segments based on application, including communication, global positioning and navigation, earth observation, and others. The market is divided into three segments based on the end user: military, government, and commercial. The market is separated into three segments based on payload: up to 5,000 kg, 5,000 to 10,000 kg, and above 10,000 kg.
North America is expected to be the leading region of this particular product market. This particular region has attributed the furniture rental service market and has taken its revenue and share system number over the skies. The rising need for satellite launches, growing government spending in the space industry, are what propel market expansion in the region.
Moderate market fragmentation exists. A few market players have been attributing this particular product market growth and share systems overall. Airbus SAS (Netherlands), Lockheed Martin Corporation (U.S.), L3Harris Technologies Inc. (U.S.), SpaceX (U.S.), and NASA (U.S.) are some of the major competitors of this particular product market.
In May 2023, Using a Falcon Heavy rocket, SpaceX launched its broadband satellite ViaSat-3, designated for the United States. On its sixth rocket flight, Falcon Heavy lifted off from the NASA Kennedy Space Center in Florida and proceeded for geostationary orbit (GEO).
Segmentation Table
Attribute Details
Study Period 2019-2030
Base Year 2022
Estimated Year 2023
Forecast Period 2023-2030
Historical Period 2019-2021
Growth Rate CAGR of 4.7% from 2023 to 2030
Unit Value (USD Billion)
Segmentation By Orbit; Application; End User; Payload; and Geography
By Orbit
LEO
MEO
GEO
Others
By Application
Earth Observation
Navigation and Global Positioning
Communication
Others
By End User
Commercial
Government
Military
By Payload
Up to 5000 kg
5000 to 10000 kg
Above 10000 kg
By Geography
North America (By Orbit; Application; End User; Payload; and Country)
- U.S. (By Orbit)
- Canada (By Orbit)
Europe (By Orbit; Application; End User; Payload; and Country)
- U.K. (By Orbit)
- France (By Orbit)
- Italy (By Orbit)
- Luxembourg (By Orbit)
- Russia (By Orbit)
- Rest of Europe (By Orbit)
Asia Pacific (By Orbit; Application; End User; Payload; and Country)
- China (By Orbit)
- Japan (By Orbit)
- India (By Orbit)
- Rest of Asia Pacific (By Orbit)
Latin America (By Orbit; Application; End User; Payload; and Region)
- Brazil (By Orbit)
- Argentina (By Orbit)
Middle East & Africa (By Orbit; Application; End User; Payload; and Region)
- UAE (By Orbit)
- Israel (By Orbit)
- Turkey (By Orbit)
- South Africa (By Orbit)
- Rest of Middle East & Africa (By Orbit)
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- 1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
- 2. Executive Summary
- 3. Market Dynamics
- 3.1. Market Drivers
- 3.2. Market Restraints
- 3.3. Market Opportunities
- 3.4. Market Trends
- 4. Key Insights
- 4.1. Key Industry Developments - Key Contracts & Agreements, Mergers, Acquisitions and Partnerships
- 4.2. Latest Technological Advancements
- 4.3. Porters Five Forces Analysis
- 4.4. Supply Chain Analysis
- 5. Global Ship Repair and Maintenance Services Market Analysis, Insights and Forecast, 2019-2032
- 5.1. Key Findings / Definition
- 5.2. Market Analysis, Insights and Forecast - By Vessel Type
- 5.2.1. Commerical Vessel
- 5.2.2. Naval Vessel
- 5.3. Market Analysis, Insights and Forecast - By Commerical Vessel
- 5.3.1. Fishing Vessel
- 5.3.2. ContainerShips
- 5.3.3. Passenger Ships & Ferry
- 5.3.4. Others
- 5.4. Market Analysis, Insights and Forecast - By Naval Vessel
- 5.4.1. Aircraft Carriers
- 5.4.2. Submarines
- 5.4.3. Frigates
- 5.4.4. Corvettes
- 5.4.5. Others
- 5.5. Market Analysis, Insights and Forecast - By Service
- 5.5.1. General Service
- 5.5.2. Engne Parts
- 5.5.3. Dockage
- 5.5.4. Electric Works
- 5.5.5. Others
- 5.6. Market Analysis, Insights and Forecast - By Dock Type
- 5.6.1. Graving Dock
- 5.6.2. Floating Dock
- 5.6.3. Others
- 5.7. Market Analysis, Insights and Forecast - By End Users
- 5.7.1. Governement& Defense
- 5.7.2. Commerical
- 5.8. Market Analysis, Insights and Forecast - By Region
- 5.8.1. North America
- 5.8.2. Europe
- 5.8.3. Northern Europe
- 5.8.4. Asia Pacific
- 5.8.5. Southeast Asia
- 5.8.6. Middle East
- 6. North America Ship Repair and Maintenance Services Market Analysis, Insights and Forecast, 2019-2032
- 6.1. Market Analysis, Insights and Forecast - By Vessel Type
- 6.1.1. Commerical Vessel
- 6.1.2. Naval Vessel
- 6.2. Market Analysis, Insights and Forecast - By Commerical Vessel
- 6.2.1. Fishing Vessel
- 6.2.2. ContainerShips
- 6.2.3. Passenger Ships & Ferry
- 6.2.4. Others
- 6.3. Market Analysis, Insights and Forecast - By Naval Vessel
- 6.3.1. Aircraft Carriers
- 6.3.2. Submarines
- 6.3.3. Frigates
- 6.3.4. Corvettes
- 6.3.5. Others
- 6.4. Market Analysis, Insights and Forecast - By Service
- 6.4.1. General Service
- 6.4.2. Engne Parts
- 6.4.3. Dockage
- 6.4.4. Electric Works
- 6.4.5. Others
- 6.5. Market Analysis, Insights and Forecast - By Dock Type
- 6.5.1. Graving Dock
- 6.5.2. Floating Dock
- 6.5.3. Others
- 6.6. Market Analysis, Insights and Forecast - By End Users
- 6.6.1. Governement& Defense
- 6.6.2. Commerical
- 6.7. Market Analysis, Insights and Forecast - By Country
- 6.7.1. U.S.
- 6.7.1.1. Market Analysis, Insights and Forecast - By Service
- 6.7.1.1.1. General Service
- 6.7.1.1.2. Engne Parts
- 6.7.1.1.3. Dockage
- 6.7.1.1.4. Electric Works
- 6.7.1.1.5. Others
- 6.7.2. Canada
- 6.7.2.1. Market Analysis, Insights and Forecast - By Service
- 6.7.2.1.1. General Service
- 6.7.2.1.2. Engne Parts
- 6.7.2.1.3. Dockage
- 6.7.2.1.4. Electric Works
- 6.7.2.1.5. Others
- 7. Europe Ship Repair and Maintenance Services Market Analysis, Insights and Forecast, 2019-2032
- 7.1. Market Analysis, Insights and Forecast - By Vessel Type
- 7.1.1. Commerical Vessel
- 7.1.2. Naval Vessel
- 7.2. Market Analysis, Insights and Forecast - By Commerical Vessel
- 7.2.1. Fishing Vessel
- 7.2.2. ContainerShips
- 7.2.3. Passenger Ships & Ferry
- 7.2.4. Others
- 7.3. Market Analysis, Insights and Forecast - By Naval Vessel
- 7.3.1. Aircraft Carriers
- 7.3.2. Submarines
- 7.3.3. Frigates
- 7.3.4. Corvettes
- 7.3.5. Others
- 7.4. Market Analysis, Insights and Forecast - By Service
- 7.4.1. General Service
- 7.4.2. Engne Parts
- 7.4.3. Dockage
- 7.4.4. Electric Works
- 7.4.5. Others
- 7.5. Market Analysis, Insights and Forecast - By Dock Type
- 7.5.1. Graving Dock
- 7.5.2. Floating Dock
- 7.5.3. Others
- 7.6. Market Analysis, Insights and Forecast - By End Users
- 7.6.1. Governement& Defense
- 7.6.2. Commerical
- 7.7. Market Analysis, Insights and Forecast - By Country
- 7.7.1. U.K.
- 7.7.1.1. Market Analysis, Insights and Forecast - By Service
- 7.7.1.1.1. General Service
- 7.7.1.1.2. Engne Parts
- 7.7.1.1.3. Dockage
- 7.7.1.1.4. Electric Works
- 7.7.1.1.5. Others
- 7.7.2. Germany
- 7.7.2.1. Market Analysis, Insights and Forecast - By Service
- 7.7.2.1.1. General Service
- 7.7.2.1.2. Engne Parts
- 7.7.2.1.3. Dockage
- 7.7.2.1.4. Electric Works
- 7.7.2.1.5. Others
- 7.7.3. Fracne
- 7.7.3.1. Market Analysis, Insights and Forecast - By Service
- 7.7.3.1.1. General Service
- 7.7.3.1.2. Engne Parts
- 7.7.3.1.3. Dockage
- 7.7.3.1.4. Electric Works
- 7.7.3.1.5. Others
- 7.7.4. Spain
- 7.7.4.1. Market Analysis, Insights and Forecast - By Service
- 7.7.4.1.1. General Service
- 7.7.4.1.2. Engne Parts
- 7.7.4.1.3. Dockage
- 7.7.4.1.4. Electric Works
- 7.7.4.1.5. Others
- 7.7.5. Italy
- 7.7.5.1. Market Analysis, Insights and Forecast - By Service
- 7.7.5.1.1. General Service
- 7.7.5.1.2. Engne Parts
- 7.7.5.1.3. Dockage
- 7.7.5.1.4. Electric Works
- 7.7.5.1.5. Others
- 7.7.6. Ireland
- 7.7.6.1. Market Analysis, Insights and Forecast - By Service
- 7.7.6.1.1. General Service
- 7.7.6.1.2. Engne Parts
- 7.7.6.1.3. Dockage
- 7.7.6.1.4. Electric Works
- 7.7.6.1.5. Others
- 7.7.7. Netherlands
- 7.7.7.1. Market Analysis, Insights and Forecast - By Service
- 7.7.7.1.1. General Service
- 7.7.7.1.2. Engne Parts
- 7.7.7.1.3. Dockage
- 7.7.7.1.4. Electric Works
- 7.7.7.1.5. Others
- 8. Northern Europe Ship Repair and Maintenance Services Market Analysis, Insights and Forecast, 2019-2032
- 8.1. Market Analysis, Insights and Forecast - By Vessel Type
- 8.1.1. Commerical Vessel
- 8.1.2. Naval Vessel
- 8.2. Market Analysis, Insights and Forecast - By Commerical Vessel
- 8.2.1. Fishing Vessel
- 8.2.2. ContainerShips
- 8.2.3. Passenger Ships & Ferry
- 8.2.4. Others
- 8.3. Market Analysis, Insights and Forecast - By Naval Vessel
- 8.3.1. Aircraft Carriers
- 8.3.2. Submarines
- 8.3.3. Frigates
- 8.3.4. Corvettes
- 8.3.5. Others
- 8.4. Market Analysis, Insights and Forecast - By Service
- 8.4.1. General Service
- 8.4.2. Engne Parts
- 8.4.3. Dockage
- 8.4.4. Electric Works
- 8.4.5. Others
- 8.5. Market Analysis, Insights and Forecast - By Dock Type
- 8.5.1. Graving Dock
- 8.5.2. Floating Dock
- 8.5.3. Others
- 8.6. Market Analysis, Insights and Forecast - By End Users
- 8.6.1. Governement& Defense
- 8.6.2. Commerical
- 8.7. Market Analysis, Insights and Forecast - By Country
- 8.7.1. Sweden
- 8.7.1.1. Market Analysis, Insights and Forecast - By Service
- 8.7.1.1.1. General Service
- 8.7.1.1.2. Engne Parts
- 8.7.1.1.3. Dockage
- 8.7.1.1.4. Electric Works
- 8.7.1.1.5. Others
- 8.7.2. Norway
- 8.7.2.1. Market Analysis, Insights and Forecast - By Service
- 8.7.2.1.1. General Service
- 8.7.2.1.2. Engne Parts
- 8.7.2.1.3. Dockage
- 8.7.2.1.4. Electric Works
- 8.7.2.1.5. Others
- 8.7.3. Denmark
- 8.7.3.1. Market Analysis, Insights and Forecast - By Service
- 8.7.3.1.1. General Service
- 8.7.3.1.2. Engne Parts
- 8.7.3.1.3. Dockage
- 8.7.3.1.4. Electric Works
- 8.7.3.1.5. Others
- 9. Asia Pacific Ship Repair and Maintenance Services Market Analysis, Insights and Forecast, 2019-2032
- 9.1. Market Analysis, Insights and Forecast - By Vessel Type
- 9.1.1. Commerical Vessel
- 9.1.2. Naval Vessel
- 9.2. Market Analysis, Insights and Forecast - By Commerical Vessel
- 9.2.1. Fishing Vessel
- 9.2.2. ContainerShips
- 9.2.3. Passenger Ships & Ferry
- 9.2.4. Others
- 9.3. Market Analysis, Insights and Forecast - By Naval Vessel
- 9.3.1. Aircraft Carriers
- 9.3.2. Submarines
- 9.3.3. Frigates
- 9.3.4. Corvettes
- 9.3.5. Others
- 9.4. Market Analysis, Insights and Forecast - By Service
- 9.4.1. General Service
- 9.4.2. Engne Parts
- 9.4.3. Dockage
- 9.4.4. Electric Works
- 9.4.5. Others
- 9.5. Market Analysis, Insights and Forecast - By Dock Type
- 9.5.1. Graving Dock
- 9.5.2. Floating Dock
- 9.5.3. Others
- 9.6. Market Analysis, Insights and Forecast - By End Users
- 9.6.1. Governement& Defense
- 9.6.2. Commerical
- 9.7. Market Analysis, Insights and Forecast - By Country
- 9.7.1. China
- 9.7.1.1. Market Analysis, Insights and Forecast - By Service
- 9.7.1.1.1. General Service
- 9.7.1.1.2. Engne Parts
- 9.7.1.1.3. Dockage
- 9.7.1.1.4. Electric Works
- 9.7.1.1.5. Others
- 9.7.2. India
- 9.7.2.1. Market Analysis, Insights and Forecast - By Service
- 9.7.2.1.1. General Service
- 9.7.2.1.2. Engne Parts
- 9.7.2.1.3. Dockage
- 9.7.2.1.4. Electric Works
- 9.7.2.1.5. Others
- 9.7.3. Japan
- 9.7.3.1. Market Analysis, Insights and Forecast - By Service
- 9.7.3.1.1. General Service
- 9.7.3.1.2. Engne Parts
- 9.7.3.1.3. Dockage
- 9.7.3.1.4. Electric Works
- 9.7.3.1.5. Others
- 9.7.4. South Korea
- 9.7.4.1. Market Analysis, Insights and Forecast - By Service
- 9.7.4.1.1. General Service
- 9.7.4.1.2. Engne Parts
- 9.7.4.1.3. Dockage
- 9.7.4.1.4. Electric Works
- 9.7.4.1.5. Others
- 9.7.5. Austalia
- 9.7.5.1. Market Analysis, Insights and Forecast - By Service
- 9.7.5.1.1. General Service
- 9.7.5.1.2. Engne Parts
- 9.7.5.1.3. Dockage
- 9.7.5.1.4. Electric Works
- 9.7.5.1.5. Others
- 10. Southeast Asia Ship Repair and Maintenance Services Market Analysis, Insights and Forecast, 2019-2032
- 10.1. Market Analysis, Insights and Forecast - By Vessel Type
- 10.1.1. Commerical Vessel
- 10.1.2. Naval Vessel
- 10.2. Market Analysis, Insights and Forecast - By Commerical Vessel
- 10.2.1. Fishing Vessel
- 10.2.2. ContainerShips
- 10.2.3. Passenger Ships & Ferry
- 10.2.4. Others
- 10.3. Market Analysis, Insights and Forecast - By Naval Vessel
- 10.3.1. Aircraft Carriers
- 10.3.2. Submarines
- 10.3.3. Frigates
- 10.3.4. Corvettes
- 10.3.5. Others
- 10.4. Market Analysis, Insights and Forecast - By Service
- 10.4.1. General Service
- 10.4.2. Engne Parts
- 10.4.3. Dockage
- 10.4.4. Electric Works
- 10.4.5. Others
- 10.5. Market Analysis, Insights and Forecast - By Dock Type
- 10.5.1. Graving Dock
- 10.5.2. Floating Dock
- 10.5.3. Others
- 10.6. Market Analysis, Insights and Forecast - By End Users
- 10.6.1. Governement& Defense
- 10.6.2. Commerical
- 10.7. Market Analysis, Insights and Forecast - By Country
- 10.7.1. Malaysia
- 10.7.1.1. Market Analysis, Insights and Forecast - By Service
- 10.7.1.1.1. General Service
- 10.7.1.1.2. Engne Parts
- 10.7.1.1.3. Dockage
- 10.7.1.1.4. Electric Works
- 10.7.1.1.5. Others
- 10.7.2. Argentina
- 10.7.2.1. Market Analysis, Insights and Forecast - By Service
- 10.7.2.1.1. General Service
- 10.7.2.1.2. Engne Parts
- 10.7.2.1.3. Dockage
- 10.7.2.1.4. Electric Works
- 10.7.2.1.5. Others
- 10.7.3. Indonesia
- 10.7.3.1. Market Analysis, Insights and Forecast - By Service
- 10.7.3.1.1. General Service
- 10.7.3.1.2. Engne Parts
- 10.7.3.1.3. Dockage
- 10.7.3.1.4. Electric Works
- 10.7.3.1.5. Others
- 11. Middle East Ship Repair and Maintenance Services Market Analysis, Insights and Forecast, 2019-2032
- 11.1. Market Analysis, Insights and Forecast - By Vessel Type
- 11.1.1. Commerical Vessel
- 11.1.2. Naval Vessel
- 11.2. Market Analysis, Insights and Forecast - By Commerical Vessel
- 11.2.1. Fishing Vessel
- 11.2.2. ContainerShips
- 11.2.3. Passenger Ships & Ferry
- 11.2.4. Others
- 11.3. Market Analysis, Insights and Forecast - By Naval Vessel
- 11.3.1. Aircraft Carriers
- 11.3.2. Submarines
- 11.3.3. Frigates
- 11.3.4. Corvettes
- 11.3.5. Others
- 11.4. Market Analysis, Insights and Forecast - By Service
- 11.4.1. General Service
- 11.4.2. Engne Parts
- 11.4.3. Dockage
- 11.4.4. Electric Works
- 11.4.5. Others
- 11.5. Market Analysis, Insights and Forecast - By Dock Type
- 11.5.1. Graving Dock
- 11.5.2. Floating Dock
- 11.5.3. Others
- 11.6. Market Analysis, Insights and Forecast - By End Users
- 11.6.1. Governement& Defense
- 11.6.2. Commerical
- 11.7. Market Analysis, Insights and Forecast - By Country
- 11.7.1. Turkey
- 11.7.1.1. Market Analysis, Insights and Forecast - By Service
- 11.7.1.1.1. General Service
- 11.7.1.1.2. Engne Parts
- 11.7.1.1.3. Dockage
- 11.7.1.1.4. Electric Works
- 11.7.1.1.5. Others
- 11.7.2. UAE
- 11.7.2.1. Market Analysis, Insights and Forecast - By Service
- 11.7.2.1.1. General Service
- 11.7.2.1.2. Engne Parts
- 11.7.2.1.3. Dockage
- 11.7.2.1.4. Electric Works
- 11.7.2.1.5. Others
- 11.7.3. Saudi Arabia
- 11.7.3.1. Market Analysis, Insights and Forecast - By Service
- 11.7.3.1.1. General Service
- 11.7.3.1.2. Engne Parts
- 11.7.3.1.3. Dockage
- 11.7.3.1.4. Electric Works
- 11.7.3.1.5. Others
- 12. Competitive Analysis
- 12.1. Global Market Rank Analysis (2023)
- 12.2. Competitive Dashboard
- 13. Company Profiles
- 13.1. BAE Systems (U.S.)
- 13.1.1. Business Overview
- 13.1.2. Product Portfolio
- 13.1.3. Financials (Data as available in public domain and/or on paid databases)
- 13.1.4. Recent Developments
- 13.1.5. SWOT Ana
- 13.2. China Ship Repair and Maintenance Services Industry Corporation (China)
- 13.2.1. Business Overview
- 13.2.2. Product Portfolio
- 13.2.3. Financials (Data as available in public domain and/or on paid databases)
- 13.2.4. Recent Developments
- 13.2.5. SWOT Ana
- 13.3. Damen Shipyards Group (Netherlands)
- 13.3.1. Business Overview
- 13.3.2. Product Portfolio
- 13.3.3. Financials (Data as available in public domain and/or on paid databases)
- 13.3.4. Recent Developments
- 13.3.5. SWOT Ana
- 13.4. Dundee Marine & Industrial Services Pte Ltd. (Singapore)
- 13.4.1. Business Overview
- 13.4.2. Product Portfolio
- 13.4.3. Financials (Data as available in public domain and/or on paid databases)
- 13.4.4. Recent Developments
- 13.4.5. SWOT Ana
- 13.5. Garden Reach Shipbuilders and Engineers Limited (India)
- 13.5.1. Business Overview
- 13.5.2. Product Portfolio
- 13.5.3. Financials (Data as available in public domain and/or on paid databases)
- 13.5.4. Recent Developments
- 13.5.5. SWOT Ana
- 13.6. General Dynamics NASSCO (U.S.)
- 13.6.1. Business Overview
- 13.6.2. Product Portfolio
- 13.6.3. Financials (Data as available in public domain and/or on paid databases)
- 13.6.4. Recent Developments
- 13.6.5. SWOT Ana
- 13.7. HD Hyundai Heavy Industries Co., Ltd (South Korea)
- 13.7.1. Business Overview
- 13.7.2. Product Portfolio
- 13.7.3. Financials (Data as available in public domain and/or on paid databases)
- 13.7.4. Recent Developments
- 13.7.5. SWOT Ana
- 13.8. Larsen & Toubro Ltd (India)
- 13.8.1. Business Overview
- 13.8.2. Product Portfolio
- 13.8.3. Financials (Data as available in public domain and/or on paid databases)
- 13.8.4. Recent Developments
- 13.8.5. SWOT Ana
- 13.9. Sembcorp Marine Ltd (Singapore)
- 13.9.1. Business Overview
- 13.9.2. Product Portfolio
- 13.9.3. Financials (Data as available in public domain and/or on paid databases)
- 13.9.4. Recent Developments
- 13.9.5. SWOT Ana
- 13.10. ST Engineering (Singapore)
- 13.10.1. Business Overview
- 13.10.2. Product Portfolio
- 13.10.3. Financials (Data as available in public domain and/or on paid databases)
- 13.10.4. Recent Developments
- 13.10.5. SWOT Ana
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