Abstract
Summary
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 Stakeholders
●This 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.
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Key Market Segments
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
By Region
● North 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 Players
○ Boeing
○ Safran SA
○ Airbus
○ SES S.A.
○ L3Harris Technologies, Inc.
○ Inmarsat Global Limited
○ SPACEX
○ Intelsat
○ Lockheed Martin Corporation
○ Northrop Grumman Corporation
Table of Contents
1 INTRODUCTION
1.1 Report description
1.2 Key market segments
1.3 Key benefits to the stakeholders
1.4 Research methodology
1.4.1 Primary research
1.4.2 Secondary research
1.4.3 Analyst tools and models
2 EXECUTIVE SUMMARY
2.1 CXO Perspective
3 MARKET OVERVIEW
3.1 Market definition and scope
3.2 Key findings
3.2.1 Top impacting factors
3.2.2 Top investment pockets
3.3 Porter’s five forces analysis
3.3.1 Low bargaining power of suppliers
3.3.2 Low threat of new entrants
3.3.3 Low threat of substitutes
3.3.4 Low intensity of rivalry
3.3.5 Low bargaining power of buyers
3.4 Market dynamics
3.4.1 Drivers
- 3.4.1.1 Increase in the number of space exploration missions
- 3.4.1.2 Rise in demand for satellite-based warfare
- 3.4.1.3 Increase in deployment of small satellites
3.4.2 Restraints
- 3.4.2.1 Interference in satellite data transmission
- 3.4.2.2 Stringent government regulations
3.4.3 Opportunities
- 3.4.3.1 Increase in demand for space data
- 3.4.3.2 New applications for satellites
4 SATELLITE MARKET, BY FUNCTION
4.1 Overview
4.1.1 Market size and forecast
4.2 Satellite Services
4.2.1 Key market trends, growth factors and opportunities
4.2.2 Market size and forecast, by region
4.2.3 Market share analysis by country
4.3 Ground Equipment
4.3.1 Key market trends, growth factors and opportunities
4.3.2 Market size and forecast, by region
4.3.3 Market share analysis by country
4.4 Satellite Manufacturing
4.4.1 Key market trends, growth factors and opportunities
4.4.2 Market size and forecast, by region
4.4.3 Market share analysis by country
4.5 Satellite Launch
4.5.1 Key market trends, growth factors and opportunities
4.5.2 Market size and forecast, by region
4.5.3 Market share analysis by country
5 SATELLITE MARKET, BY ORBIT TYPE
5.1 Overview
5.1.1 Market size and forecast
5.2 LEO
5.2.1 Key market trends, growth factors and opportunities
5.2.2 Market size and forecast, by region
5.2.3 Market share analysis by country
5.3 MEO
5.3.1 Key market trends, growth factors and opportunities
5.3.2 Market size and forecast, by region
5.3.3 Market share analysis by country
5.4 GEO
5.4.1 Key market trends, growth factors and opportunities
5.4.2 Market size and forecast, by region
5.4.3 Market share analysis by country
6 SATELLITE MARKET, BY APPLICATION
6.1 Overview
6.1.1 Market size and forecast
6.2 Communication
6.2.1 Key market trends, growth factors and opportunities
6.2.2 Market size and forecast, by region
6.2.3 Market share analysis by country
6.3 Earth Observation
6.3.1 Key market trends, growth factors and opportunities
6.3.2 Market size and forecast, by region
6.3.3 Market share analysis by country
6.4 Navigation
6.4.1 Key market trends, growth factors and opportunities
6.4.2 Market size and forecast, by region
6.4.3 Market share analysis by country
6.5 Technology development and education
6.5.1 Key market trends, growth factors and opportunities
6.5.2 Market size and forecast, by region
6.5.3 Market share analysis by country
7 SATELLITE MARKET, BY END USE
7.1 Overview
7.1.1 Market size and forecast
7.2 Military
7.2.1 Key market trends, growth factors and opportunities
7.2.2 Market size and forecast, by region
7.2.3 Market share analysis by country
7.3 Government and Civil
7.3.1 Key market trends, growth factors and opportunities
7.3.2 Market size and forecast, by region
7.3.3 Market share analysis by country
7.4 Commercial
7.4.1 Key market trends, growth factors and opportunities
7.4.2 Market size and forecast, by region
7.4.3 Market share analysis by country
8 SATELLITE MARKET, BY REGION
8.1 Overview
8.1.1 Market size and forecast By Region
8.2 North America
8.2.1 Key market trends, growth factors and opportunities
8.2.2 Market size and forecast, by Function
8.2.3 Market size and forecast, by Orbit Type
8.2.4 Market size and forecast, by Application
8.2.5 Market size and forecast, by End Use
8.2.6 Market size and forecast, by country
- 8.2.6.1 U.S
- 8.2.6.1.1 Market size and forecast, by Function
- 8.2.6.1.2 Market size and forecast, by Orbit Type
- 8.2.6.1.3 Market size and forecast, by Application
- 8.2.6.1.4 Market size and forecast, by End Use
- 8.2.6.2 Canada
- 8.2.6.2.1 Market size and forecast, by Function
- 8.2.6.2.2 Market size and forecast, by Orbit Type
- 8.2.6.2.3 Market size and forecast, by Application
- 8.2.6.2.4 Market size and forecast, by End Use
- 8.2.6.3 Mexico
- 8.2.6.3.1 Market size and forecast, by Function
- 8.2.6.3.2 Market size and forecast, by Orbit Type
- 8.2.6.3.3 Market size and forecast, by Application
- 8.2.6.3.4 Market size and forecast, by End Use
- 8.2.6.1 U.S
8.3 Europe
8.3.1 Key market trends, growth factors and opportunities
8.3.2 Market size and forecast, by Function
8.3.3 Market size and forecast, by Orbit Type
8.3.4 Market size and forecast, by Application
8.3.5 Market size and forecast, by End Use
8.3.6 Market size and forecast, by country
- 8.3.6.1 Germany
- 8.3.6.1.1 Market size and forecast, by Function
- 8.3.6.1.2 Market size and forecast, by Orbit Type
- 8.3.6.1.3 Market size and forecast, by Application
- 8.3.6.1.4 Market size and forecast, by End Use
- 8.3.6.2 France
- 8.3.6.2.1 Market size and forecast, by Function
- 8.3.6.2.2 Market size and forecast, by Orbit Type
- 8.3.6.2.3 Market size and forecast, by Application
- 8.3.6.2.4 Market size and forecast, by End Use
- 8.3.6.3 UK
- 8.3.6.3.1 Market size and forecast, by Function
- 8.3.6.3.2 Market size and forecast, by Orbit Type
- 8.3.6.3.3 Market size and forecast, by Application
- 8.3.6.3.4 Market size and forecast, by End Use
- 8.3.6.4 Italy
- 8.3.6.4.1 Market size and forecast, by Function
- 8.3.6.4.2 Market size and forecast, by Orbit Type
- 8.3.6.4.3 Market size and forecast, by Application
- 8.3.6.4.4 Market size and forecast, by End Use
- 8.3.6.5 Rest of Europe
- 8.3.6.5.1 Market size and forecast, by Function
- 8.3.6.5.2 Market size and forecast, by Orbit Type
- 8.3.6.5.3 Market size and forecast, by Application
- 8.3.6.5.4 Market size and forecast, by End Use
- 8.3.6.1 Germany
8.4 Asia-Pacific
8.4.1 Key market trends, growth factors and opportunities
8.4.2 Market size and forecast, by Function
8.4.3 Market size and forecast, by Orbit Type
8.4.4 Market size and forecast, by Application
8.4.5 Market size and forecast, by End Use
8.4.6 Market size and forecast, by country
- 8.4.6.1 China
- 8.4.6.1.1 Market size and forecast, by Function
- 8.4.6.1.2 Market size and forecast, by Orbit Type
- 8.4.6.1.3 Market size and forecast, by Application
- 8.4.6.1.4 Market size and forecast, by End Use
- 8.4.6.2 India
- 8.4.6.2.1 Market size and forecast, by Function
- 8.4.6.2.2 Market size and forecast, by Orbit Type
- 8.4.6.2.3 Market size and forecast, by Application
- 8.4.6.2.4 Market size and forecast, by End Use
- 8.4.6.3 Japan
- 8.4.6.3.1 Market size and forecast, by Function
- 8.4.6.3.2 Market size and forecast, by Orbit Type
- 8.4.6.3.3 Market size and forecast, by Application
- 8.4.6.3.4 Market size and forecast, by End Use
- 8.4.6.4 South Korea
- 8.4.6.4.1 Market size and forecast, by Function
- 8.4.6.4.2 Market size and forecast, by Orbit Type
- 8.4.6.4.3 Market size and forecast, by Application
- 8.4.6.4.4 Market size and forecast, by End Use
- 8.4.6.5 Rest of Asia-Pacific
- 8.4.6.5.1 Market size and forecast, by Function
- 8.4.6.5.2 Market size and forecast, by Orbit Type
- 8.4.6.5.3 Market size and forecast, by Application
- 8.4.6.5.4 Market size and forecast, by End Use
- 8.4.6.1 China
8.5 LAMEA
8.5.1 Key market trends, growth factors and opportunities
8.5.2 Market size and forecast, by Function
8.5.3 Market size and forecast, by Orbit Type
8.5.4 Market size and forecast, by Application
8.5.5 Market size and forecast, by End Use
8.5.6 Market size and forecast, by country
- 8.5.6.1 Latin America
- 8.5.6.1.1 Market size and forecast, by Function
- 8.5.6.1.2 Market size and forecast, by Orbit Type
- 8.5.6.1.3 Market size and forecast, by Application
- 8.5.6.1.4 Market size and forecast, by End Use
- 8.5.6.2 Middle East
- 8.5.6.2.1 Market size and forecast, by Function
- 8.5.6.2.2 Market size and forecast, by Orbit Type
- 8.5.6.2.3 Market size and forecast, by Application
- 8.5.6.2.4 Market size and forecast, by End Use
- 8.5.6.3 Africa
- 8.5.6.3.1 Market size and forecast, by Function
- 8.5.6.3.2 Market size and forecast, by Orbit Type
- 8.5.6.3.3 Market size and forecast, by Application
- 8.5.6.3.4 Market size and forecast, by End Use
- 8.5.6.1 Latin America
9 COMPETITIVE LANDSCAPE
9.1 Introduction
9.2 Top winning strategies
9.3 Product mapping of top 10 player
9.4 Competitive dashboard
9.5 Competitive heatmap
9.6 Top player positioning, 2022
10 COMPANY PROFILES
10.1 Airbus
10.1.1 Company overview
10.1.2 Key executives
10.1.3 Company snapshot
10.1.4 Operating business segments
10.1.5 Product portfolio
10.1.6 Business performance
10.1.7 Key strategic moves and developments
10.2 Boeing
10.2.1 Company overview
10.2.2 Key executives
10.2.3 Company snapshot
10.2.4 Operating business segments
10.2.5 Product portfolio
10.2.6 Business performance
10.2.7 Key strategic moves and developments
10.3 SES S.A
10.3.1 Company overview
10.3.2 Key executives
10.3.3 Company snapshot
10.3.4 Operating business segments
10.3.5 Product portfolio
10.3.6 Business performance
10.3.7 Key strategic moves and developments
10.4 Inmarsat Global Limited
10.4.1 Company overview
10.4.2 Key executives
10.4.3 Company snapshot
10.4.4 Operating business segments
10.4.5 Product portfolio
10.4.6 Business performance
10.4.7 Key strategic moves and developments
10.5 Safran SA
10.5.1 Company overview
10.5.2 Key executives
10.5.3 Company snapshot
10.5.4 Operating business segments
10.5.5 Product portfolio
10.5.6 Business performance
10.5.7 Key strategic moves and developments
10.6 Intelsat
10.6.1 Company overview
10.6.2 Key executives
10.6.3 Company snapshot
10.6.4 Operating business segments
10.6.5 Product portfolio
10.6.6 Key strategic moves and developments
10.7 Lockheed Martin Corporation
10.7.1 Company overview
10.7.2 Key executives
10.7.3 Company snapshot
10.7.4 Operating business segments
10.7.5 Product portfolio
10.7.6 Business performance
10.7.7 Key strategic moves and developments
10.8 Northrop Grumman Corporation
10.8.1 Company overview
10.8.2 Key executives
10.8.3 Company snapshot
10.8.4 Operating business segments
10.8.5 Product portfolio
10.8.6 Business performance
10.8.7 Key strategic moves and developments
10.9 SPACEX
10.9.1 Company overview
10.9.2 Key executives
10.9.3 Company snapshot
10.9.4 Operating business segments
10.9.5 Product portfolio
10.9.6 Key strategic moves and developments
10.10 L3Harris Technologies, Inc
10.10.1 Company overview
10.10.2 Key executives
10.10.3 Company snapshot
10.10.4 Operating business segments
10.10.5 Product portfolio
10.10.6 Business performance
10.10.7 Key strategic moves and developments