Global Satellite Market Growth 2023-2029

Global Satellite Market Growth 2023-2029

A satellite is an object that orbits another object. In space, satellites may be made by man, or they may be natural. Of course, the market we research on is based on artificial satellites in this report. Artificial satellites come from more than 50 countries and have used the satellite launching capabilities of ten nations. A few hundred satellites are currently working, but thousands of unused satellites and satellite fragments orbit the Earth as space debris. The largest satellite is the International Space Station, which was put together by several different countries (including the organizations of NASA, ESA, JAXA and RKA).

LPI (LP Information)' newest research report, the “Satellite Industry Forecast” looks at past sales and reviews total world Satellite sales in 2022, providing a comprehensive analysis by region and market sector of projected Satellite sales for 2023 through 2029. With Satellite sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Satellite industry.

This Insight Report provides a comprehensive analysis of the global Satellite landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Satellite portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Satellite market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Satellite and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Satellite.

The global Satellite market size is projected to grow from US$ 11240 million in 2022 to US$ 22580 million in 2029; it is expected to grow at a CAGR of 22580 from 2023 to 2029.

Global Satellite main manufactuers include Lockheed Martin, Thales Alenia Space and Northrop Gruman, totally accounting for about 57% of the market. North America is the largest market of Satellite, holding a share over 50%. As for the types of products, it can be divided into LEO, GEO, MEO and others. The most common products is LEO, with a share about 80%. As for the types of applications, it is widely used in commercial, national security, science and environment and others. The most common types is in commercial field, with a share over 66%.

This report presents a comprehensive overview, market shares, and growth opportunities of Satellite market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type

LEO

GEO

MEO

Others

Segmentation by application

Commercial

National Security

Science and Environment

Meteorology

Non-profit Communications

This report also splits the market by region:

Americas

United States

Canada

Mexico

Brazil

APAC

China

Japan

Korea

Southeast Asia

India

Australia

Europe

Germany

France

UK

Italy

Russia

Middle East & Africa

Egypt

South Africa

Israel

Turkey

GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.

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

Key Questions Addressed in this Report

What is the 10-year outlook for the global Satellite market?

What factors are driving Satellite market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Satellite market opportunities vary by end market size?

How does Satellite break out type, application?

What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.