Industry Insights
This professional and specialized report study examines the technical and business perspective of the Satellite industry. The report provides a historical analysis of the industry as well as the projected trends expected to be witnessed in the Satellite Market. The report study analyzes the market statistics at the global as well as the regional levels to gain an in-depth perspective of the overall Satellite Market. The historical insights are provided from 2016 to 2019 and projected trends are provided from 2020 to 2026. The quantitative data is provided in terms of value (USD Million) for 2016 – 2026. The qualitative data is reinforced by analyzing and providing numerous market dynamics (directly or indirectly affecting the industry) such as growth drivers, restraints, challenges, and opportunities.
We have included various industry analysis models in our report and extensively demonstrated the key business strategies and competitive landscape of the Satellite Market in our study.
Our study also includes an analysis of Porter’s Five Forces framework for understanding the competitive strategies adopted by various stakeholders involved in the entire value chain of the Satellite Market. It also encompasses PESTLE analysis and SWOT analysis.
The report also offers an in-depth analysis of the market shares of each industry player and gives an outline of the market position of key players in the Satellite Market. Moreover, the study offers wide coverage of key strategic advances witnessed in the market such as new product launches, acquisitions & mergers, collaborations & joint ventures, funding & VC activities, agreements, partnerships, R&D activities, and regional expansion of key players of the Satellite Market.
The research study provides a critical assessment of the Satellite industry by logically segmenting the market on the basis of product type, connectivity, port, distribution channel and regions. Based on the past, present, and future trends, all the segments were analyzed from the bottom up, and the market sizes have been estimated from 2020 to 2026. The regional segmentation of the Satellite industry includes the holistic bifurcation of all the five major continents including North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
. Satellites referred in this report are artificial satellites intentionally put into orbit around earth for various purposes and they are different than natural satellites such as Earth’s moon. Soviet Union launched world’s first artificial satellite named Sputnik 1 in 1957, and since then many more satellites have been launched from various countries. Majority of satellites are placed into low-Earth orbit however satellites are placed into medium-Earth orbit, geostationary orbit and elliptical orbit as well.
There is shift in home entertainment system to use direct to home (DTH) method using Satellites instead of wired method. These are huge dependence on Satellites when it comes to fulfilling communication needs of individual personnel, private enterprises as well as governmental agencies. Increase in usage of mobile handheld digital devices using Satellite services like GPS has only added in dependence on Satellites.
The Satellite Market is categorized into by type, and by application. The type segment is further divided into LEO (Low Earth Orbit), MEO (Medium Earth Orbit), GEO (Geosynchronous Orbit) and others. By Application the market is divided as Commercial Communication, Earth Observation, Research and Development, Navigation, Military Surveillance, Scientific, Meteorology and others.
Some of the key players operating in the Satellite Market around the globe include AIRBUS, Boeing, Lockheed Martin, Orbital ATK, Thales Alenia Space, SpaceX, SSL, Mitsubishi Electric Corporation, Ball Aerospace, Telesat, Indian Space Research Organization and others.
The taxonomy of the Satellite industry by its scope and segmentation is as follows:
Global Satellite Market: Type Segment Analysis
- LEO (Low Earth Orbit)
- MEO (Medium Earth Orbit)
- GEO (Geosynchronous Orbit)
- Others
Global Satellite Market: Application Segment Analysis
- Commercial Communication
- Earth Observation
- Research and Development
- Navigation
- Military Surveillance
- Scientific
- Meteorology
- Others
Global Satellite Market: Regional Segmentation Analysis
- North America
- The U.S.
- Canada
- Europe
- France
- The UK
- Spain
- Germany
- Italy
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Southeast Asia
- Rest of Asia Pacific
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- GCC
- South Africa
- Rest of Middle East & Africa
KEY BUSINESS POINTERS ADDRESSED & FOREMOST REASONS TO PROCURE THE REPORT:
- Statistical Analysis of the Past, Current, and Future Trends of the Industry with Validated Market Sizes Data
- Direct and Indirect Rationales Impacting the Industry
- In-depth and Micro Analysis of Viable Segments and Sub-segments
- Companies and Vendors Market Share, Competitive Landscape, and Player Positioning Analysis
- Demand Side (Consumption) and Supply Side (Production) Perspective and Analysis wherever applicable
- Key Buyers and End-Users Analysis
- Value Chain and Manufacturing Cost Structure Analysis wherever relevant
- Key Marketing Strategies as well as Key Sales Channels adopted in the market
- Investment Opportunity Analysis & Patents Analysis wherever feasible
- Technological Road Map & Technical Analysis
- Robust Research Methodology comprising dynamic mix (65%~35%) of Extensive Primary Research (primary interviews, ad-hoc surveys, questionnaires) and Protracted Secondary Research (proprietary in-house database, paid external databases, publically available validated sources)
Table of Content
Key Insights from Primary Research
- Our primary respondents believe the market to witness a robust growth of 20% over the forecast period on account of increased government spending on exploring missions.
- Some of the CXOs predict The overall population of small satellites is currently in the process of exploding due to their ability to be more economical, easy and fast construction, as well as it launches more quickly than the traditional, large, and geosynchronous orbit satellites.. Furthermore, the manufacturers operating in this market are partnering with local and domestic players to increase their goodwill in the ever competitive market ecosystem.
- The global satellite market is among the lucrative markets witnessing significant growth from last two decades and is expected to continue the trend during the forecast period and later on.
- Regionally, North America region is expected to contribute largely to the global Satellite market. Some of the interviewees said that their future plans are to focus majorly innovating in features of Satellite application areas. They manufacturers operating in countries such as the U.S. and Canada are expected to create higher adoption opportunities for Satellite market.
- The information & technology subject matter experts suggest investing in R&D activities to come up with newer and more efficient Satellite. They believe advanced technology in technology and telecom industry will witness widespread acceptance across the value chain of Satellite market.
Key Recommendations from Analysts
- Our analysts recommend focusing on the North America Satellite market since their calculations revealed that this region turned out to be the top investment pocket across the globe owing to greater opportunities in countries such as the U.S. and Canada.
- The major reason behind the up surge growth and lucrative opportunities underlying in this region is the adoption of Satellite by Highly developed cosmetics and personal care products across various age groups.
- Europe, on the other hand, is expected to foresee a robust growth of around 11% per annum. This is majorly attributed to growth of a low earth orbit satellite.
- The strategic mergers and acquisitions by key industry players and high demand across end-use industries is anticipated to fuel the market growth
Industry Major Market Players
AIRBUS
Boeing
Lockheed Martin
Orbital ATK
Thales Alenia Space
SpaceX
SSL
Mitsubishi Electric Corporation
Ball Aerospace
Telesat
Indian Space Research Organization
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