Top Trends Driving the Future of Satellite Industry Market: Latest Trade Trends, Trades, Supply, Demand, Prospects By 2026

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.

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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.

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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

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Table of Content

1. Overview
1.1 Introduction
1.2 Major Application of Satellites
1.3 Orbit Altitude Based Satellites
1.4 Satellite Communication

2. Impact of COVID-19
2.1 Increase in Number of SVOD Users
2.2 Growth in Satellite IoT Connections
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
3.2 Global Satellite Industry Forecast by Value
3.3 Global Satellite Industry Value by Sub Markets
3.3.1 Global Satellite Service Market by Value
3.3.2 Global Satellite Service Market Forecast by Value
3.3.3 Global Ground Equipment Market by Value
3.3.4 Global Ground Equipment Market Forecast by Value
3.3.5 Global Satellite Manufacturing Market by Value
3.3.6 Global Satellite Manufacturing Market Forecast by Value
3.3.7 Global Satellite Launch Market by Value
3.3.8 Global Satellite Launch Market Forecast by Value
3.4 Global Satellite Industry Value by Regions

4. Regional Satellite Industry Analysis
4.1 North America
4.1.1 North America Satellite Industry by Value
4.1.2 North America Satellite Industry Forecast by Value
4.1.3 North America Satellite Industry by Regions
4.1.4 The U.S. Satellite Industry by Value
4.1.5 The U.S. Satellite Industry Forecast by Value
4.1.6 Canada Satellite Industry by Value
4.1.7 Canada Satellite Industry Forecast by Value
4.2 Europe
4.2.1 Europe Satellite Industry by Value
4.2.2 Europe Satellite Industry Forecast by Value
4.3 Asia Pacific
4.3.1 Asia Pacific Satellite Industry by Value
4.3.2 Asia Pacific Satellite Industry Forecast by Value
4.4 ROW
4.4.1 ROW Satellite Industry by Value
4.4.2 ROW Satellite Industry Forecast by Value

5. Market Dynamics
5.1 Growth Drivers
5.1.1 Growing Number of Active Satellites
5.1.2 Rising Penetration of Pay TV
5.1.3 Expanding Coverage of 4G Connectivity
5.1.4 Increasing Usage of the Internet
5.1.5 Rapid Urbanization
5.2 Key Trends and Developments
5.2.1 Accelerating Demand for Satellite Navigation Equipment
5.2.2 Increasing R&D Spending on Aerospace & Defense
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
6.1.2 Key Players – Research & Development (R&D) Expenditures
6.1.3 Key Players – Market Cap Comparison

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