Satellites Market Technology, Recent Trends, Future Growth Analysis Forecasts 2031|Intelsat, SES S.A., Lockheed Martin Corporation, Airbus S.A.S., Millennium Space Systems Inc

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The global satellites market report by the business research company increasing demand for Direct-To-Home (DTH) television services to be a major growth driver for the satellites market. The DTH (Direct to Home) service is basically a digital satellite service that delivers satellite television programming promptly to a subscriber's home. According to the Telecom Regulatory Authority of India (TRAI) Quarterly Indicator reports, in 2020, DTH will have attained a net pay active subscriber base of around 70.99 million with five pay DTH service providers . Since DTH (Direct to Home) service employs wireless technology, the television programmes are transmitted to the subscriber's television directly from the satellite, which drove the demand for satellites, which in turn fuelled the revenues generated for the satellite market.

The global satellites market grew from $23.15 billion in 2021 to $24.63 billion in 2022 at a compound annual growth rate (CAGR) of 6.4%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, surge in commodity prices, and supply chain disruptions, effecting many markets across the globe. The satellite market is expected to grow to $27.42 billion in 2026 at a CAGR of 2.7%.

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Asia Pacific was the largest region in the satellites market in 2021. Asia Pacific is expected to be the fastest growing region in the forecast period. The regions covered in satellites market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

Major players in the satellites market are Intelsat, SES S.A., Lockheed Martin Corporation, Airbus S.A.S., Millennium Space Systems Inc., Eutelsat Communications S.A., Boeing, Thales Group, Orbital Sciences Corporation, Planet Labs Inc., AAC Clyde Space, Adcole Maryland Aerospace LLC, Alen Space, Blacksky, Blue Canyon Technologies(BCT), Endursat, Exolaunch GmbH, G.A.U.S.S. Srl, Geooptics Inc, Gomspace, L3Harris Technologies Inc., Nanoavionics, Nanoracks, Viasat Inc., Telesat, EchoStar Corporation, L3 Technologies Inc., Thuraya Telecommunications Company, SKY Perfect JSAT Group, Gilat Satellite Networks and Cobham Limited.

The global satellites market is segmented -
1) By Type: Large Satellite, Mini Satellite, Micro Satellite), By Orbit (Low Earth Orbit (Leo), Medium Earth Orbit (Meo), Geosynchronous Orbit (Geo), Elliptical Orbit
2) By End User: Commercial, Civil, Government
3) By Application: Scientific Research, Technology Demonstration And Verification, Earth Observation And Remote Sensing, Scientific Research, Communication

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The Satellites Market Report Contents Include
1. Executive Summary
2. Satellites Market Characteristics
3. Satellites Market Trends And Strategies
4. Satellites Market Market - Macro Economic Scenario
5. Satellites Market Size And Growth
....
28. Key Mergers And Acquisitions In The Satellites Market
29. Satellites Market Future Outlook and Potential Analysis
30. Appendix

This report covers the trends and market dynamics of the satellites market in major countries - Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The report also includes consumer surveys and various future opportunities for the market.

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