PUBLISHER: TechNavio | PRODUCT CODE: 1369254
PUBLISHER: TechNavio | PRODUCT CODE: 1369254
The satellite market is forecasted to grow by USD 14,526.87 mn during 2023-2028, accelerating at a CAGR of 3.31% during the forecast period. The report on the satellite market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by accelerating demand for satellite navigation equipment, increasing usage of internet, and increase in demand for compact satellites.
Market Scope | |
---|---|
Base Year | 2023 |
End Year | 2028 |
Series Year | 2024-2028 |
Growth Momentum | Accelerate |
YOY 2024 | 2.94% |
CAGR | 3.31% |
Incremental Value | $14526.87mn |
Technavio's satellite market is segmented as below:
By End-user
By Type
By Geographical Landscape
This study identifies the growing satellite-based telemetry applications as one of the prime reasons driving the satellite market growth during the next few years. Also, increasing R and D spending on aerospace and defense and rising demand for earth observation imagery and analytics will lead to sizable demand in the market.
The report on the satellite market covers the following areas:
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading satellite market vendors that include AAC Clyde Space AB, Airbus SE, Ball Corp., EnduroSat, Eutelsat SA, Gilat Satellite Networks Ltd., Intelsat US LLC, Kongsberg Gruppen ASA, L3Harris Technologies Inc., Leidos Holdings Inc., Lockheed Martin Corp., Maxar Technologies Inc., Mitsubishi Electric Corp., Northrop Grumman Corp., OHB SE, Raytheon Technologies Corp., Safran SA, Sierra Nevada Corp., Space Exploration Technologies Corp., Terran Orbital Corp., Thales Group, and The Boeing Co.. Also, the satellite market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.
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