Radar & Satellite Operations in the US - Industry Market Research Report

Radar & Satellite Operations in the US

The Radar and Satellite Operations industry offers specialized satellite telecommunications services and plays a critical role in the operation of satellites. Enterprises are involved in satellite telemetry, tracking and control services and the operation of ground control stations. The industry does not manufacture satellite equipment. Industry revenue has been growing an annualized 5.9% over the past five years, and is expected to reach $18.7 billion in 2023, including a forecast growth of 1.9% in 2023. Industry profit, defined as earnings before interest and taxes, is also expected to rise during the period, accounting for 11.2% of industry revenue in 2023.

Industry operators provide specialized satellite telecommunication services, such as satellite tracking, telemetry and radar station operation. They also provide terminal stations and facilities connected with terrestrial systems that transmit telecommunications to, and receive telecommunications from, satellite systems. The industry does not provide telecommunication services, but works closely with those that do, reflecting high interdependence with the telecommunications sector.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.