USD 11.16 Bn growth in Satellite Market |Airbus SE, Intelsat SA, and ISS-Reshetnev Co. emerge as dominant players | Technavio

NEW YORK, Nov. 16, 2021 /PRNewswire/ — The «Satellite Market by End-user and Geography – Forecast and Analysis 2021-2025» report…

NEW YORK, Nov. 16, 2021 /PRNewswire/ — The «Satellite Market by End-user and Geography – Forecast and Analysis 2021-2025» report has been added to Technavio’s offering.

 

The satellite market is estimated to grow by USD 11.16 billion between 2020 and 2025. However, the growth momentum is expected to decelerate at a CAGR of almost 3% over the forecast period.

Market Dynamics

Factors such as accelerating demand for satellite navigation equipment and the increasing usage of the internet will be crucial in driving the growth of the market. But the high cost of satellite hardware and components will restrict the market growth.

The increase in demand for compact satellites will provide new growth opportunities for market players. On the other hand, stringent government regulations will challenge their growth.

Company Profiles

The satellite market report provides complete insights on key vendors including Airbus SE, Intelsat SA, ISS-Reshetnev Co., Lockheed Martin Corp., Maxar Technologies Inc., Northrop Grumman Corp., OHB SE, Raytheon Technologies Corp., Thales Group, and The Boeing Co.

Competitive Analysis

The satellite market report includes the competitive analysis, which analyzes and evaluates the position of companies based on their industry position score and market performance score. Some of the factors considered for analysis are financial performance over the last 3 years, growth strategies, innovation score, new product launches, investments, growth in market share, etc.

Market Segmentation

  • By End-user, the market is classified into civil and defense.
  • By Geography, the market is analyzed across North America, Europe, APAC, MEA, and South America.

The market observed maximum demand for satellites from the civil end-user segment. The market growth in this segment is expected to remain significant during the forecast period. By geography, APAC will have the largest share of the market. The region currently holds 60% of the global market share. China and Japan are the key markets for satellites in APAC.

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Global Nano Satellite Market – Global nano satellite market is segmented by application (commercial, government, defense, civil, and others) and geography (APAC, North America, Europe, MEA, and South America).

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Satellite Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Decelerate at a CAGR of almost 3%

Market growth 2021-2025

USD 11.16 billion

Market structure

Fragmented

YoY growth (%)

3.23

Regional analysis

North America, Europe, APAC, MEA, and South America

Performing market contribution

APAC at 60%

Key consumer countries

US, China, Russian Federation, France, and Japan

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

Airbus SE, Intelsat SA, ISS-Reshetnev Co., Lockheed Martin Corp., Maxar Technologies Inc., Northrop Grumman Corp., OHB SE, Raytheon Technologies Corp., Thales Group, and The Boeing Co.

Market Dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, market condition analysis for the forecast period.

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contact

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Email: media@technavio.com

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SOURCE Technavio