Press release
Satellites Market Report 2024: Growth, Trends, Analysis, Forecast 2033
As per the report, the satellites market size has grown strongly in recent years. It will grow from $28.11 billion in 2023 to $30.04 billion in 2024 at a compound annual growth rate (CAGR) of 6.9%. The satellites market size is expected to see strong growth in the next few years. It will grow to $36.81 billion in 2028 at a compound annual growth rate (CAGR) of 5.2%.
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Surging Demand For Dth Services Drives Growth In The Satellites Market
During the forecast period, the increase in demand for Direct-To-Home (DTH) television services contributed to the growth of the satellite market. 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 Q3 of 2022, the total active subscriber base of Pay DTH increased from 65.58 million in September 2022 to 66.62 million in December 2022. Since DTH (Direct to Home) service employs wireless technology, the television programs are transmitted to the subscriber's television directly from the satellite, which in turn drove the demand for satellites, thereby generating revenue for the growth of the global satellites market.
Hybrid Dth Set-Top Boxes Gain Momentum In The Satellite Market.
The launch of hybrid DTH set-top boxes is gaining popularity in the satellites market. The hybrid set-top boxes are something that surfaced because of DTH operators trying to bring online content to TV screens. For instance, in April 2023, Bharti Airtel Limited, an India-based telecommunications services company, launched X-stream, Hybrid Android set-top box. The new Airtel Xstream Box with Android 10 is a good option for users who are looking for an affordable streaming device with the latest features. The Xstream Box is also Chromecast-enabled, so users can cast content from their smartphone or tablet to their TV.
The satellites market covered in this report is segmented -
1) By Type: Large Satellite, Mini Satellite, Micro Satellite, Nano Satellite
2) By Orbit: Low Earth Orbit (LEO), Medium Earth Orbit (MEO), Geosynchronous Orbit (GEO), Elliptical Orbit
3) By Application: Scientific Research, Technology Demonstration And Verification, Earth Observation And Remote Sensing, Communication, Other Applications
4) By End User: Commercial, Civil, Government, Military, Other End Users
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Major companies operating in the satellites market report are Lockheed Martin Corporation, The Boeing Company, Thales Group, Airbus SE, Northrop Grumman Corporation, OHB SE, Israel Aerospace Industries Ltd, ST Engineering, NanoAvionics, Gomspace, Beijing Commsat Technology Development Co., Ltd, Anabond Limited, Intech Dmls Pvt Ltd, Avasarala Technologies Limited, Telstra, Speedcast International Limited, One Space Tech, Land Space Technology Corporation Ltd, ExPace Technology Corporation, Skyroot Aerospace, Gilmour Space Technologies, NextAero, Deep Blue Aerospace, JZYJ Space Technology, Mitsubishi Heavy Industries, Tamadic Co Ltd, China Aerospace Science and Technology Corporation (CASC), Honeywell International Inc, Bombardier Inc, Embraer, McDonnell Douglas, Cessna, Telespazio SpA, Raytheon, AAC Microtec, Thales Alenia Space, Surrey Satellite Technology Ltd, EnduroSat, AAC Clyde Space, Space Exploration Technologies Corp (SpaceX), Viasat Inc, Telesat, Starlink Satellite Constellation, OneWeb, Hughes Network Systems, Innova Space, ARSAT, Satellogic, Al Yah Satellite Communications (YAHSAT), Arabsat, Es'hailSat, QSAT, Saman Satellite Communications, SSCG, DragonFly Aerospace, Eureka Geo, SCS Space, XinaBox, ETSE CubeCom, Omarichet, Simera Sense
Contents of the report:
1. Executive Summary
2. Satellites Market Report Structure
3. Satellites Market Trends And Strategies
4. Satellites Market - Macro Economic Scenario
5. Satellites Market Size And Growth
…..
27. Satellites Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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