Market Research Future (MRFR) asserts that the global satellite market is anticipated to exhibit a robust double-digit CAGR of 19.23% over the evaluation period 2019 to 2024.
— Satellites are objects placed on the orbit of the moon, earth, or any planet for building communication. It serves different purposes, and its application is expected to increase over the next couple of years. Increasing investments in research & development are expected to primarily drive the expansion of the satellite market over the next few years. The governments are also extending support to the key players, which is projected to act as a growth catalyst for the market in the years to come.
Global Satellite Market Research Report: Information by Type (Nanosatellite, Micro Satellite, Mini Satellite and Large Satellite), Application (Earth Observation and Remote Sensing, Scientific Research, Communication, Direct Broadcast, Mapping and Navigation, Weather Forecasting and Surveillance and Security), End User (Military and Defense and Commercial) and Region (North America, Europe, Asia-Pacific, Middle East & Africa and Latin America) - Forecast till 2024
Airbus SAS (Netherlands), Eutelsat Communications SA (France), Ball Corporation (US), Intelsat (Luxembourg), Israel Aerospace Industries Ltd (Israel), Boeing (US), Lockheed Martin Corporation (US), SES SA (Luxembourg), Northrop Grumman Corporation (US), Space Exploration Technologies Corp (US), Thales Group (France), Viasat, Inc. (US), Space Systems/Loral, LLC (US), and Safran (France) are some of the top-notch players operating in the global satellite market and expected to contribute to market growth in the upcoming years. The rising investments in technology are expected to spur competition in the market over the next couple of years. In addition, strategies anticipated to be developed and executed by participants for the growth of the satellite market are partnerships, technological innovations, collaborations, agreements, research & development, partnerships, product innovation, etc.
Free Sample “Satellites Market Research Report – Global Forecast till 2024” report at:
Satellites are used in the entertainment sector. Increasing penetration of television and media industry is anticipated to boost the revenue generation of the satellite market across the review period. In addition, the growth of the private sector investments in the space industry is further poised to accelerate the growth of the satellite market in the upcoming years. The rising demand for satellite based tv is expected to support market expansion over the years to come. On the flip side, the rising concerns raised by debris in the space is likely to restrict the growth of the market in the nearby future. Other factors expected to restrict the growth of the satellite market are the high cost of satellite manufacturing and stringent government regulations.
On the basis of type, the satellite market has been segmented into nanosatellite, micro satellite, mini satellite, and large satellite.
Based on application, the satellite market has been segmented into earth observation and remote sensing, communication, scientific research, direct broadcast, weather forecasting, mapping and navigation, and surveillance & security.
On the basis of end-user, the global satellite market has been segmented into military & defense and commercial.
The geographic assessment of the global satellite market spans across five major regional segments. These regions are North America, Asia Pacific (APAC), the Middle East & Africa (MEA), Europe, and Latin America. North America led the global market in 2018 and is poised to maintain a prominent position in the market over the next couple of years. The region is likely to witness proliferating applications across industries such as forestry, agriculture, media, etc. This, in turn, is expected to support the expansion of the satellite market in the region during the evaluation period. Asia Pacific is forecasted to register the highest CAGR over the assessment period. India and China are prognosticated to play a crucial role in market development in the nearby future.
In August 2019, Turkey has invested in communication satellites for providing services to three continents. Its number of active communication satellites will now climb to six.
In August 2019, the Weizmann Institute of Science in association with the Israel Space Agency are working together for the development of a new “micro-satellite.” The satellite is anticipated to launch in 2023.
Table Of Contents:
1. Executive Summary
1.1. Market Attractiveness Analysis
1.1.1. Global Satellite Market, By Type
1.1.2. Global Satellite Market, By End User
1.1.3. Global Satellite Market, By Application
1.1.4. Global Satellite Market, By Region
2. Market Introduction
2.1. Market Definition
2.2. Scope Of The Study
2.3. Market Structure
2.4. Key Buying Criteria
2.5. Market Factor Indicator Analysis
3. Research Methodology
3.1. Research Process
3.2. Primary Research
3.3. Secondary Research
3.4. Market Size Estimation
3.5. Forecast Model
3.6. List Of Assumptions. . .
List Of Tables
Table 1 Global Satellite Market, By Region, 2019–2024
Table 2 North America: Satellite Market, By Country, 2019–2024
Table 3 Europe: Satellite Market, By Country, 2019–2024
Table 4 Asia-Pacific: Satellite Market, By Country, 2019–2024
Table 5 Middle East & Africa: Satellite Market, By Country, 2019–2024
Table 6 Latin America: Satellite Market, By Country, 2019–2024
Table 7 Global Satellite Market Size, By Region, 2019–2024
Table 8 North America: Satellite Market Size, By Country, 2019–2024
Table 9 Europe: Satellite Market Size, By Country, 2019–2024
Table 10 Asia-Pacific: Satellite Market Size, By Country, 2019–2024. . .
Satellite Market Research Report - Global Forecast 2024 Information at:
About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients.
Name: Market Research Future
Email: Send Email
Organization: Market Research Future
Address: Office No. 528, Amanora Chambers Pune - 411028 Maharashtra, India
Phone: +1 628 258 0071
Source URL: https://marketersmedia.com/satellite-market-developments-2019-by-innovations-research-segmentation-regional-analysis-size-growth-drivers-rising-opportunities-and-technological-advancements-till-2024/88917007
Release ID: 88917007