Global Satellite Industry: Insights & Forecast with Potential Impact of COVID-19 (2020-2024)

Global Satellite Industry: Insights & Forecast with Potential Impact of COVID-19 (2020-2024)

The global satellite industry is expected to reach US$508.0 billion in 2024, at a CAGR of 6.51%, for the duration spanning 2020-2024. Factors such as growing number of active satellites, rising penetration of pay TV, expanding coverage of 4G connectivity, increasing usage of the internet, and rapid urbanization would drive the growth of the market. However, the market growth would be challenged by concerns over space debris, high cost of satellite hardware and components and stringent government regulations. A few notable trends may include, accelerating demand for satellite navigation equipment, increasing R&D spending on aerospace and defense, rising demand for earth observation imagery & analytics and emergence of integrated terrestrial-satellite connections.

With the growing demand for stronger digital connectivity, space activities by government as well as private entities continue to rise considerably. The demand for high coverage satellite networks are coming from various end use industries for a variety of applications including, military application, imagery, weather forecasting, science, and human exploration. Owing to such a wide set of applications, the number of satellite launches are rising, which is likely to help the satellite industry to grow globally.

The fastest regional market was North America, owing to the presence of the well-established space industry and major satellite manufacturers. Europe and Asia pacific also secured considerable shares in the overall satellite industry owing to the increased activities of satellite manufacturing and launching. Further, the outbreak of COVID-19 would lead to the excessive use of digital connectivity and telecommunication networks, resulting in the launch of new satellites, which is likely to promote the growth of the global satellite industry.

Scope of the report:

The report provides a comprehensive analysis of the global satellite industry.
The major regional markets (North America, Europe, Asia–Pacific and ROW) have been analyzed.
The market dynamics such as growth drivers, market trends and challenges are analyzed in-depth.
The competitive landscape of the market, along with the company profiles of leading players (Airbus, Boeing, Lockheed Martin, Northrop Grumman, Thales Group and Intelsat) are also presented in detail.

Key Target Audience:

Satellite Manufacturers
Traders, Distributors, and Suppliers of Satellite Components and Equipment
End Use Industries
Government and Regional Agencies and Research Organizations
Investment Research Firms"


1. Overview
1.1 Introduction
1.2 Major Application of Satellites
Table 1: Major Application of Satellites
1.3 Orbit Altitude Based Satellites
Table 2: Orbit Altitude Based Satellites
1.4 Satellite Communication
Table 3: Steps in Satellite Communications
2. Impact of COVID-19
2.1 Increase in Number of SVOD Users
Table 4: SVOD (Subscription Video on-Demand) Users Worldwide (2017-2020)
2.2 Growth in Satellite IoT Connections
Table 5: Global Satellite IoT Connections (2019-2023)
2.3 Impact on Video Conferencing
2.4 Satellite System Synopsis During COVID-19
3. Global Satellite Industry Analysis
3.1 Global Satellite Industry by Value
Table 6: Global Satellite Industry by Value (2015-2019)
3.2 Global Satellite Industry Forecast by Value
Table 7: Global Satellite Industry Forecast by Value (2020-2024)
3.3 Global Satellite Industry Value by Sub Markets
Table 8: Global Satellite Industry Value by Sub Markets (2019)
3.3.1 Global Satellite Service Market by Value
Table 9: Global Satellite Service Market by Value (2015-2019)
3.3.2 Global Satellite Service Market Forecast by Value
Table 10: Global Satellite Service Market Forecast by Value (2020-2024)
3.3.3 Global Ground Equipment Market by Value
Table 11: Ground Equipment Market by Value (2015-2019)
3.3.4 Global Ground Equipment Market Forecast by Value
Table 12: Ground Equipment Market Forecast by Value (2020-2024)
3.3.5 Global Satellite Manufacturing Market by Value
Table 13: Global Satellite Manufacturing Market by Value (2015-2019)
3.3.6 Global Satellite Manufacturing Market Forecast by Value
Table 14: Global Satellite Manufacturing Market Forecast by value (2020-2024)
3.3.7 Global Satellite Launch Market by Value
Table 15: Global Satellite Launch Market by Value (2015-2019)
3.3.8 Global Satellite Launch Market Forecast by Value
Table 16: Global Satellite Launch Market Forecast by value (2020-2024)
3.4 Global Satellite Industry Value by Regions
Table 17: Global Satellite Industry Value by Regions (2019)
4. Regional Satellite Industry Analysis
4.1 North America
4.1.1 North America Satellite Industry by Value
Table 18: North America Satellite Industry by Value (2015-2019)
4.1.2 North America Satellite Industry Forecast by Value
Table 19: North America Satellite Industry Forecast by Value (2020-2024)
4.1.3 North America Satellite Industry by Regions
Table 20: North America Satellite Industry by Regions (2019)
4.1.4 The U.S. Satellite Industry by Value
Table 21: The U.S. Satellite Industry by Value (2015-2019)
4.1.5 The U.S. Satellite Industry Forecast by Value
Table 22: The U.S. Satellite Industry Forecast by Value (2020-2024)
4.1.6 Canada Satellite Industry by Value
Table 23: Canada Satellite Industry by Value (2015-2019)
4.1.7 Canada Satellite Industry Forecast by Value
Table 24: Canada Satellite Industry Forecast by Value (2020-2024)
4.2 Europe
4.2.1 Europe Satellite Industry by Value
Table 25: Europe Satellite Industry by Value (2015-2019)
4.2.2 Europe Satellite Industry Forecast by Value
Table 26: Europe Satellite Industry Forecast by Value (2020-2024)
4.3 Asia Pacific
4.3.1 Asia Pacific Satellite Industry by Value
Table 27: Asia Pacific Satellite Industry by Value (2015-2019)
4.3.2 Asia Pacific Satellite Industry Forecast by Value
Table 28: Asia Pacific Satellite Industry Forecast by Value (2020-2024)
4.4 ROW
4.4.1 ROW Satellite Industry by Value
Table 29: ROW Satellite Industry by Value (2015-2019)
4.4.2 ROW Satellite Industry Forecast by Value
Table 30: ROW Satellite Industry Forecast by Value (2020-2024)
5. Market Dynamics
5.1 Growth Drivers
5.1.1 Growing Number of Active Satellites
Table 31: Number of Active Satellites Worldwide (2015-2019)
5.1.2 Rising Penetration of Pay TV
Table 32: Global Pay TV Penetration Rate (2015-2019)
5.1.3 Expanding Coverage of 4G Connectivity
Table 33: Number of 4G LTE Connections Worldwide (2016-2021)
5.1.4 Increasing Usage of the Internet
Table 34: Global Number of Internet Users (2015-2019)
5.1.5 Rapid Urbanization
Table 35: Global Urban Population (2015-2019)
5.2 Key Trends and Developments
5.2.1 Accelerating Demand for Satellite Navigation Equipment
Table 36: Global Satellite Navigation Equipment Market (2015-2019)
5.2.2 Increasing R&D Spending on Aerospace & Defense
Table 37: Global R&D Spending on Aerospace & Defense (2017-2019)
5.2.3 Rising Demand for Earth Observation Imagery & Analytics
5.2.4 Emergence of Integrated Satellite‐Terrestrial Networks
5.3 Challenges
5.3.1 Concerns Over Space Debris
5.3.2 High Cost of Satellites Hardware and Components
5.3.3 Stringent Government Policies
6. Competitive Landscape
6.1 Global Market
6.1.1 Key Players – Revenue Comparison
Table 38: Key Players – Revenue Comparison (2019)
6.1.2 Key Players – Research & Development (R&D) Expenditures
Table 39: Key Players – Research & Development (R&D) Expenditures (2019)
6.1.3 Key Players – Market Cap Comparison
Table 40: Key Players – Market Cap Comparison (2020)
7. Company Profiles
7.1 Airbus
7.1.1 Business Overview
7.1.2 Financial Overview
Table 41: Airbus Revenue and Loss (Profit) (2015-2019)
Table 42: Airbus Revenue by Segments (2019)
Table 43: Airbus Revenue by Regions (2019)
7.1.3 Business Strategies
7.2 Boeing
7.2.1 Business Overview
7.2.2 Financial Overview
Table 44: Boeing Revenue and Net Loss (Earnings) (2015-2019)
Table 45: Boeing Revenue by Segment (2019)
Table 46: Boeing Revenue by Regions (2019)
7.2.3 Business Strategies
7.3 Lockheed Martin
7.3.1 Business Overview
7.3.2 Financial Overview
Table 47: Lockheed Martin Net Sales and Net Earnings (2015-2019)
Table 48: Lockheed Martin Net Sales by Segments (2019)
Table 49: Lockheed Martin Net Sales by Regions (2019)
7.3.3 Business Strategies
7.4 Northrop Grumman
7.4.1 Business Overview
7.4.2 Financial Overview
Table 50: Northrop Grumman Sales and Net Earnings (2015-2019)
Table 51: Northrop Grumman Sales by Segments (2019)
Table 52: Northrop Grumman Sales by Regions (2019)
7.4.3 Business Strategies
7.5 Thales Group
7.5.1 Business Overview
7.5.2 Financial Overview
Table 53: Thales Group Sales and Net Income (2015-2019)
Table 54: Thales Group Sales by Segments (2019)
Table 55: Thales Group Sales by Regions (2019)
7.5.3 Business Strategies
7.6 Intelsat
7.6.1 Business Overview
7.6.2 Financial Overview
Table 56: Intelsat Revenue and Net Income (2015-2019)
Table 57: Intelsat Revenue by Regions (2019)
7.6.3 Business Strategies

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