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Satellites Market Research Report 2023-2032: Growth Opportunities, Trends Analysis And Insudtry Report | Intelsat, SES S.A., Lockheed Martin Corporation, Airbus S.A.S., Millennium Space Systems Inc
Satellites Market
The Business Research Company's Satellites Global Market Report 2023 identifies demand for Direct-To-Home (DTH) television services as the major driver for the Satellites market's growth in the forecast period. The DTH (Direct to Home) service is basically a digital satellite service that delivers satellite television programming promptly to a subscriber's home. As per the Telecom Regulatory Authority of India (TRAI) Quarterly Indicator Report, in 2020, DTH will have attained a net active subscriber base of around 70.99 million with five pay-TV DTH service providers.
The global satellites market size will grow from $25.68 billion in 2022 to $27.73 billion in 2023 at a compound annual growth rate (CAGR) of 8.0%. 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, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of the global satellites is expected to grow to $33.59 billion in 2027 at a CAGR of 4.9%.
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Major competitors in the Satellites market are Intelsat, SES S.A., Lockheed Martin Corporation, Airbus S.A.S., Millennium Space Systems Inc.
A key trend in the Satellites market includes competition from fiber-optic cable services. A satellite internet provider may not quite provide the speed needed for some online activities in comparison to fiber-optic cable internet services. According to data published by DecisionData, in 2020, most residential fiber-optic providers will have increased download speeds of up to 1,000 Mbps (1 Gbps) with matching upload speeds. Whereas, in general, satellite internet providers offer download speeds of between 12 and 100 Mbps. As a comparison, the Federal Communications Commission (FCC) standard for high-speed connections is 25 Mbps, which is far less compared to fiber-optic cable internet. Thus, the added competition due to the slower speed and higher latency of satellite internet is expected to have a negative impact on the satellite market, affecting the satellites market growth.
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The Satellites market is segmented -
1. By Type: Large Satellite, Mini Satellite, Micro Satellite
2. By Orbit: Low Earth Orbit (Leo), Medium Earth Orbit (Meo), Geosynchronous Orbit (Geo), Elliptical Orbit
3. By End User: Commercial, Civil, Government, Others
4. By Application: Scientific Research, Technology Demonstration and Verification, Earth Observation and Remote Sensing, Scientific Research, Communication, Others
5. By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the Satellites market.
The Business Research Company's "Global Satellites Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Satellites Market Include:
1. Executive Summary
2. Table of Contents
3. List of Figures
4. List of Tables
5. Report Structure
……
18. Company Profiles
19. Key Mergers and Acquisitions
20. Market Opportunities And Strategies
21. Satellites Market, Conclusions And Recommendations
22. Appendix
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