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Satellites Market by Satellite Mass (Small, Medium, Large), Application (Communication, Earth Observation & Remote Sensing), Orbit (LEO, MEO, GEO), End User, Sub-systems, Frequency and Region - Global Forecast to 2030

Publisher MarketsandMarkets
Published Jan 01, 2025
Length 196 Pages
SKU # MKMK19605042

Description

The satellite market represents an expansive opportunity for global growth, leveraging advancements in technology and increasing reliance on data-driven decision-making across industries. The market encompasses a variety of applications, from communication to Earth observation, underpinned by innovations in satellite technology. This report offers an overview of the market dynamics, including growth drivers, restraints, opportunities, and challenges, providing a comprehensive understanding of stakeholders within the industry.

Market Description

Satellites play a vital role across major sectors like telecommunications, defence, and Earth observation. The satellite market is expected to grow significantly by 2030, driven by the increasing demand for high-bandwidth internet and data analytics capabilities. The Asia-Pacific region is projected to become the largest market by 2024, fueled by investments in satellite technology and growing defense needs.

Drivers, Restraints, Opportunities, and Challenges

Driver

One significant market driver is the escalating demand for satellite-based positioning, navigation, and timing services. The need for precision in high-dynamic environments has fostered a dependence on satellite technology for precise navigation and timing, critical for sectors such as defense and transportation.

Restraint

The absence of unified regulations and government policies presents a significant restraint for the satellite market. This regulatory fragmentation complicates international collaboration and innovation within the satellite industry.

Opportunity

The increasing government investments in space agencies create ample opportunities for players in the satellite market. As countries boost their space budgets, investments are channeled into expanding satellite constellations, enabling more extensive applications and offering growth pathways for existing and new market players.

Challenge

Space debris poses a considerable challenge to the satellite industry. Increasing debris threatens the safety and operational stability of satellites, requiring substantial investment in debris management and mitigation technologies.

Competitive Landscape and Company Profiles

The competitive landscape is characterized by a mix of industry giants and dynamic startups. Key players like SpaceX, Lockheed Martin, Airbus Defence, and Northrop Grumman dominate the market with substantial revenue share and advanced technological capabilities. Startups such as Pixxel, Kuiper Systems, and Skyraft are emerging as influential entities with niche technological advancements and growing market share.

Evaluation Matrix for Key Players and Startups/SMEs

The evaluation matrix categorizes key players into groups such as Stars and Emerging Leaders, based on market share and product footprint. Top players such as SpaceX fall under the Stars category, recognized for their extensive market influence and innovative capabilities.

For startups and SMEs, categories such as Progressive Companies and Responsive Companies evaluate their business and product excellence. Companies like Aerospacelab and Argotec S.r.l. have been recognized for their progressive strategies and innovative solutions.

Conclusion

In conclusion, the report outlines the evolving satellite market framework, punctuated by technological innovation, regulatory landscapes, and emerging market opportunities. Amidst challenges like space debris, the satellite market continues to expand its horizon, offering significant growth prospects for established players and startups alike.
Tables List
Table 1 Satellite Constellations Into Leo Orbit, By Owner
Table 2 Role Of Companies In Ecosystem
Table 3 Indicative Pricing Levels Of Satellites, By Satellite Mass (Usd Million)
Table 4 North America: Regulatory Bodies, Government Agencies,
And Other Organizations
Table 5 Europe: Regulatory Bodies, Government Agencies,
And Other Organizations
Table 6 Asia Pacific: Regulatory Bodies, Government Agencies,
And Other Organizations
Table 7 Middle East: Regulatory Bodies, Government Agencies,
And Other Organizations
Table 8 Rest Of The World: Regulatory Bodies, Government Agencies,
And Other Organizations
Table 9 Import Data For Hs Code 880260-compliant Products, By Country, 2020–2023 (Usd Thousand)
Table 10 Export Data For Hs Code 880260-compliant Products, By Country, 2020–2023 (Usd Thousand)
Table 11 Influence Of Stakeholders On Buying Process, By End User (%)
Table 12 Key Buying Criteria, By Application
Table 13 Key Conferences & Events, 2024
Table 14 Active Fleets Of Small Satellites, By Country, 2020–2023 (Units)
Table 15 Comparison Between Business Models
Table 16 Total Cost Of Ownership: Comparison Between Satellites
Table 17 Average Total Cost Of Ownership For Satellites,
By Satellite Mass (Usd Million)
Table 18 Bill Of Materials Analysis For Satellites
Table 19 Bill Of Materials: Comparison Between Satellites
Table 20 Impact Of Ai On Space Applications
Table 21 Patent Analysis, 2022–2023
Table 22 Key Player Strategies/Right To Win, 2020–2024
Table 23 Satellites Market: Degree Of Competition
Table 24 Volume Breakdown For Satellites Launched In 2023
Table 25 End User Footprint
Table 26 Orbit Footprint
Table 27 Satellite Mass Footprint
Table 28 Regional Footprint
Table 29 Detailed List Of Startups/Smes
Table 30 Competitive Benchmarking Of Startups/Smes
Table 31 Satellites Market: Product Launches, January 2020–october 2024
Table 32 Satellites Market: Deals, January 2020–october 2024
Table 33 Satellites Market: Other Developments, January 2020–october 2024
Table 34 Spacex: Company Overview
Table 35 Spacex: Products/Solutions/Services Offered
Table 36 Spacex: Other Developments
Table 37 Lockheed Martin Corporation: Company Overview
Table 38 Lockheed Martin Corporation: Products/Solutions/Services Offered
Table 39 Lockheed Martin Corporation: Other Developments
Table 40 Airbus Defence And Space: Company Overview
Table 41 Airbus Defence And Space: Products/Solutions/Services Offered
Table 42 Airbus Defence And Space: Deals
Table 43 Airbus Defence And Space: Other Developments
Table 44 Northrop Grumman: Company Overview
Table 45 Northrop Grumman: Products/Solutions/Services Offered
Table 46 Northrop Grumman: Deals
Table 47 Northrop Grumman: Other Developments
Table 48 Thales Alenia Space: Company Overview
Table 49 Thales Alenia Space: Products/Solutions/Services Offered
Table 50 Thales Alenia Space: Deals
Table 51 Thales Alenia Space: Other Developments
Table 52 L3harris Technologies, Inc.: Company Overview
Table 53 L3harris Technologies, Inc.: Products/Solutions/Services Offered
Table 54 L3harris Technologies, Inc.: Deals
Table 55 L3harris Technologies, Inc.: Other Developments
Table 56 Mda: Company Overview
Table 57 Mda: Products/Solutions/Services Offered
Table 58 Mda: Other Developments
Table 59 Planet Labs Pbc: Company Overview
Table 60 Planet Labs Pbc: Products/Solutions/Services Offered
Table 61 Planet Labs Pbc: Product Launches
Table 62 Planet Labs Pbc: Deals
Table 63 Planet Labs Pbc: Other Developments
Table 64 Snc: Company Overview
Table 65 Snc: Products/Solutions/Services Offered
Table 66 Snc: Other Developments
Table 67 Maxar Technologies: Company Overview
Table 68 Maxar Technologies: Products/Solutions/Services Offered
Table 69 Maxar Technologies: Other Developments
Table 70 Mitsubishi Electric Corporation: Company Overview
Table 71 Mitsubishi Electric Corporation:
Products/Solutions/Services Offered
Table 72 Mitsubishi Electric Corporation: Other Developments
Table 73 Rtx: Company Overview
Table 74 Rtx: Products/Solutions/Services Offered
Table 75 Rtx: Deals
Table 76 Rtx: Other Developments
Table 77 Ohb Se: Company Overview
Table 78 Ohb Se: Products/Solutions/Services Offered
Table 79 Ohb Se: Deals
Table 80 Ohb Se: Other Developments
Table 81 Boeing: Company Overview
Table 82 Boeing: Products/Solutions/Services Offered
Table 83 Boeing: Other Developments
Table 84 Terran Orbital Corporation: Company Overview
Table 85 Terran Orbital Corporation: Products/Solutions/Services Offered
Table 86 Terran Orbital Corporation: Product Launches
Table 87 Terran Orbital Corporation: Deals
Table 88 Terran Orbital Corporation: Other Developments
Table 89 York Space Systems: Company Overview
Table 90 York Space Systems: Products/Solutions/Services Offered
Table 91 York Space Systems: Other Developments
Table 92 Aerospacelab: Company Overview
Table 93 Endurosat: Company Overview
Table 94 Nanoavionics: Company Overview
Table 95 Astranis: Company Overview
Table 96 Iceye: Company Overview
Table 97 Pixxel: Company Overview
Table 98 Fleet Space Technologies Pty Ltd: Company Overview
Table 99 Kuiper Systems Llc: Company Overview
Table 100 Alén Space: Company Overview
Table 101 Skykraft: Company Overview
Table 102 Argotec S.R.L.: Company Overview
Table 103 Satellites Market: Other Mapped Companies
Figures List
Figure 1 Small Segment To Be Largest Market During Forecast Period
Figure 2 Communication Segment To Account For Largest Share
During Forecast Period
Figure 3 Leo Segment To Acquire Maximum Share During Forecast Period
Figure 4 Asia Pacific To Be Largest Market In 2024
Figure 5 Satellites Market: Drivers, Restraints, Opportunities, And Challenges
Figure 6 Space Junk Analysis, 2023
Figure 7 Value Chain Analysis
Figure 8 Trends & Disruptions Impacting Customer Business
Figure 9 Ecosystem Analysis
Figure 10 Venture Capital Funding, 2019–2023 (Usd Billion)
Figure 11 Equity Investment In Satellites, By Investor Type, 2023
Figure 12 Satellites Market: Average Selling Price, By Region,
2020–2023 (Usd Million)
Figure 13 Indicative Pricing Analysis, By Satellite Mass
Figure 14 Import Data For Hs Code 880260-compliant Products, By Country, 2020–2023 (Usd Thousand)
Figure 15 Export Data For Hs Code 880260-compliant Products, By Country, 2020–2023 (Usd Thousand)
Figure 16 Influence Of Stakeholders On Buying Process, By End User
Figure 17 Key Buying Criteria, By Application
Figure 18 Satellites Market: Business Models
Figure 19 Business Models In Satellite Manufacturing
Figure 20 Breakdown Of Total Cost Of Ownership
Figure 21 Overall Cost Of Ownership For Different Satellite Platforms
Figure 22 Bill Of Materials For Large Satellites
Figure 23 Bill Of Materials For Medium Satellites
Figure 24 Bill Of Materials For Small Satellites
Figure 25 Adoption Of Ai In Space
Figure 26 Adoption Of Ai In Space, By Top Country
Figure 27 Impact Of Ai On Satellite Platforms
Figure 28 Impact Of Ai On Satellites Market
Figure 29 Technology Roadmap
Figure 30 Evolution Of Satellite Technologies
Figure 31 Emerging Technology Trends
Figure 32 Satellite Launches, 2025–2030
Figure 33 Technology Trends
Figure 34 Supply Chain Analysis
Figure 35 Patent Analysis, 2013–2023
Figure 36 Revenue Analysis Of Top Four Players, 2020–2023 (Usd Billion)
Figure 37 Market Share Analysis Of Key Players, 2023
Figure 38 Volume Analysis Of Satellites Launched In 2023
Figure 39 Satellites Market: Company Evaluation Matrix (Key Players), 2023
Figure 40 Company Footprint
Figure 41 Satellites Market: Company Evaluation Matrix (Startups/Smes), 2023
Figure 42 Company Valuation, 2023
Figure 43 Ev/Ebitda, 2023
Figure 44 Brand/Product Comparison
Figure 45 Lockheed Martin Corporation: Company Snapshot
Figure 46 Airbus Defence And Space: Company Snapshot
Figure 47 Northrop Grumman: Company Snapshot
Figure 48 Thales Alenia Space: Company Snapshot
Figure 49 L3harris Technologies, Inc.: Company Snapshot
Figure 50 Mda: Company Snapshot
Figure 51 Planet Labs Pbc: Company Snapshot
Figure 52 Maxar Technologies: Company Snapshot
Figure 53 Mitsubishi Electric Corporation: Company Snapshot
Figure 54 Rtx: Company Snapshot
Figure 55 Ohb Se: Company Snapshot
Figure 56 Boeing: Company Snapshot
Figure 57 Terran Orbital Corporation: Company Snapshot
Figure 58 Research Design Model
Figure 59 Research Design
Figure 60 Data Triangulation

Table of Contents

196 Pages
1 Executive Summary
2 Market Overview
2.1 Introduction
2.2 Market Dynamics
2.2.1 Drivers
2.2.1.1 Escalating Demand For Satellite-based Pnt Services In Various Sectors
2.2.1.2 Increase In Public-private Partnerships
2.2.1.3 Heightened National Security Requirements
2.2.1.4 Rising Commercialization Of Low Earth Orbit (Leo) For Communication And Earth Observation Applications
2.2.2 Restraints
2.2.2.1 Absence Of Unified Regulations And Government Policies
2.2.2.2 Limited Coverage And Operational Complexity
2.2.3 Opportunities
2.2.3.1 Increasing Government Investments In Space Agencies
2.2.3.2 Rising Demand For Data Analytics
2.2.4 Challenges
2.2.4.1 Increase In Space Debris
2.2.4.2 Complexity In Advanced Hybrid Propulsion System Development
2.2.4.3 Supply Chain Management Issues
2.3 Value Chain Analysis
2.4 Trends & Disruptions Impacting Customer Business
2.5 Ecosystem Analysis
2.5.1 Prominent Companies
2.5.2 Private And Small Enterprises
2.5.3 End Users
2.6 Investment And Funding Scenario
2.7 Pricing Analysis
2.7.1 Average Selling Price, By Region
2.7.2 Indicative Pricing Analysis, By Satellite Mass
2.8 Regulatory Landscape
2.9 Trade Analysis
2.9.1 Import Scenario (Hs Code 880260)
2.9.2 Export Scenario (Hs Code 880260)
2.10 Key Stakeholders & Buying Criteria
2.10.1 Key Stakeholders In Buying Process
2.10.2 Buying Criteria
2.11 Key Conferences & Events, 2024
2.12 Use Case Analysis
2.12.1 Iceye Used Its Sar Satellite Constellation To Deliver Real-time, High-resolution Radar Imagery Unaffected By Weather Conditions
2.12.2 Oneweb Completed Deployment Of Its Leo Satellite Constellation, Offering Global Broadband Connectivity
2.12.3 Spire Global Launched An Upgraded Service Integrating
Ais (Automatic Identification System) Data With Advanced
Satellite-based Analytics
2.13 Technology Analysis
2.13.1 Key Technologies
2.13.1.1 Advanced Power Systems
2.13.1.2 Miniaturization
2.13.1.3 Space Data Analytics
2.13.2 Complementary Technologies
2.13.2.1 Quantum Encryption For Satellites
2.14 Operational Data
2.15 Satellites Market: Business Models
2.16 Total Cost Of Ownership
2.17 Bill Of Materials
2.18 Macroeconomic Outlook
2.18.1 Introduction
2.18.2 North America
2.18.3 Europe
2.18.4 Asia Pacific
2.18.5 Middle East
2.18.6 Latin America & Africa
2.19 Impact Of Generative Ai
2.19.1 Introduction
2.19.2 Adoption Of Ai In Space By Top Countries
2.19.3 Impact Of Ai On Space: Use Cases
2.19.4 Impact Of Ai On Satellites Market
2.20 Technology Roadmap
2.21 Market Scenario Analysis
2.21.1 Market Perspective Through Satellites Launched In
Different Scenarios
3 Industry Trends
3.1 Introduction
3.2 Technology Trends
3.2.1 Advanced Materials
3.2.2 Additive Manufacturing
3.2.3 Green Propulsion Systems
3.2.4 Satellite-to-cell Connectivity
3.3 Impact Of Megatrends
3.3.1 Industry 4.0
3.3.2 Ai & Ml Integration
3.3.3 Satellite-as-a-service (Saas)
3.4 Supply Chain Analysis
3.5 Patent Analysis
4 Competitive Landscape
4.1 Introduction
4.2 Key Player Strategies/Right To Win, 2020–2024
4.3 Revenue Analysis, 2020–2023
4.4 Market Share Analysis, 2023
4.5 Company Evaluation Matrix: Key Players, 2023
4.5.1 Stars
4.5.2 Emerging Leaders
4.5.3 Pervasive Players
4.5.4 Participants
4.5.5 Company Footprint: Key Players, 2023
4.6 Company Evaluation Matrix: Startups/Smes, 2023
4.6.1 Progressive Companies
4.6.2 Responsive Companies
4.6.3 Dynamic Companies
4.6.4 Starting Blocks
4.6.5 Competitive Benchmarking
4.7 Company Valuation And Financial Metrics
4.8 Brand/Product Comparison
4.9 Competitive Scenario And Trends
4.9.1 Product Launches
4.9.2 Deals
4.9.3 Other Developments
5 Company Profiles
5.1 Key Players
5.1.1 Spacex
5.1.1.1 Business Overview
5.1.1.2 Products/Solutions/Services Offered
5.1.1.3 Recent Developments
5.1.1.3.1 Other Developments
5.1.1.4 Mnm View
5.1.1.4.1 Right To Win
5.1.1.4.2 Strategic Choices
5.1.1.4.3 Weaknesses And Competitive Threats
5.1.2 Lockheed Martin Corporation
5.1.2.1 Business Overview
5.1.2.2 Products/Solutions/Services Offered
5.1.2.3 Recent Developments
5.1.2.3.1 Other Developments
5.1.2.4 Mnm View
5.1.2.4.1 Right To Win
5.1.2.4.2 Strategic Choices
5.1.2.4.3 Weaknesses And Competitive Threats
5.1.3 Airbus Defence And Space
5.1.3.1 Business Overview
5.1.3.2 Products/Solutions/Services Offered
5.1.3.3 Recent Developments
5.1.3.3.1 Deals
5.1.3.3.2 Other Developments
5.1.3.4 Mnm View
5.1.3.4.1 Right To Win
5.1.3.4.2 Strategic Choices
5.1.3.4.3 Weaknesses And Competitive Threats
5.1.4 Northrop Grumman
5.1.4.1 Business Overview
5.1.4.2 Products/Solutions/Services Offered
5.1.4.3 Recent Developments
5.1.4.3.1 Deals
5.1.4.3.2 Other Developments
5.1.4.4 Mnm View
5.1.4.4.1 Right To Win
5.1.4.4.2 Strategic Choices
5.1.4.4.3 Weaknesses And Competitive Threats
5.1.5 Thales Alenia Space
5.1.5.1 Business Overview
5.1.5.2 Products/Solutions/Services Offered
5.1.5.3 Recent Developments
5.1.5.3.1 Deals
5.1.5.3.2 Other Developments
5.1.5.4 Mnm View
5.1.5.4.1 Right To Win
5.1.5.4.2 Strategic Choices
5.1.5.4.3 Weaknesses And Competitive Threats
5.1.6 L3harris Technologies, Inc.
5.1.6.1 Business Overview
5.1.6.2 Products/Solutions/Services Offered
5.1.6.3 Recent Developments
5.1.6.3.1 Deals
5.1.6.3.2 Other Developments
5.1.7 Mda
5.1.7.1 Business Overview
5.1.7.2 Products/Solutions/Services Offered
5.1.7.3 Recent Developments
5.1.7.3.1 Other Developments
5.1.8 Planet Labs Pbc
5.1.8.1 Business Overview
5.1.8.2 Products/Solutions/Services Offered
5.1.8.3 Recent Developments
5.1.8.3.1 Product Launches
5.1.8.3.2 Deals
5.1.8.3.3 Other Developments
5.1.9 Snc
5.1.9.1 Business Overview
5.1.9.2 Products/Solutions/Services Offered
5.1.9.3 Recent Developments
5.1.9.3.1 Other Developments
5.1.10 Maxar Technologies
5.1.10.1 Business Overview
5.1.10.2 Products/Solutions/Services Offered
5.1.10.3 Recent Developments
5.1.10.3.1 Other Developments
5.1.11 Mitsubishi Electric Corporation
5.1.11.1 Business Overview
5.1.11.2 Products/Solutions/Services Offered
5.1.11.3 Recent Developments
5.1.11.3.1 Other Developments
5.1.12 Rtx
5.1.12.1 Business Overview
5.1.12.2 Products/Solutions/Services Offered
5.1.12.3 Recent Developments
5.1.12.3.1 Deals
5.1.12.3.2 Other Developments
5.1.13 Ohb Se
5.1.13.1 Business Overview
5.1.13.2 Products/Solutions/Services Offered
5.1.13.3 Recent Developments
5.1.13.3.1 Deals
5.1.13.3.2 Other Developments
5.1.14 Boeing
5.1.14.1 Business Overview
5.1.14.2 Products/Solutions/Services Offered
5.1.14.3 Recent Developments
5.1.14.3.1 Other Developments
5.1.15 Terran Orbital Corporation
5.1.15.1 Business Overview
5.1.15.2 Products/Solutions/Services Offered
5.1.15.3 Recent Developments
5.1.15.3.1 Product Launches
5.1.15.3.2 Deals
5.1.15.3.3 Other Developments
5.1.16 York Space Systems
5.1.16.1 Business Overview
5.1.16.2 Products/Solutions/Services Offered
5.1.16.3 Recent Developments
5.1.16.3.1 Other Developments
5.2 Other Players
5.2.1 Aerospacelab
5.2.2 Endurosat
5.2.3 Nanoavionics
5.2.4 Astranis
5.2.5 Iceye
5.2.6 Pixxel
5.2.7 Fleet Space Technologies Pty Ltd
5.2.8 Kuiper Systems Llc
5.2.9 Alén Space
5.2.10 Skykraft Pty Ltd
5.2.11 Argotec S.R.L.
6 Appendix
6.1 Introduction
6.1.1 Market Definition
6.1.2 Inclusions And Exclusions
6.1.3 Stakeholders
6.2 Research Methodology
6.2.1 Research Data
6.2.1.1 Secondary Data
6.2.1.1.1 Key Data From Secondary Sources
6.2.1.2 Primary Data
6.2.1.2.1 Primary Sources
6.2.1.2.2 Key Data From Primary Sources
6.2.1.3 Breakdown Of Primary Interviews
6.2.2 Factor Analysis
6.2.2.1 Demand-side Indicators
6.2.2.2 Supply-side Indicators
6.2.3 Data Triangulation
6.2.4 Research Assumptions
6.2.5 Research Limitations
6.2.6 Risk Assessment
6.2.7 Annexure
6.3 Author Details

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