Market Overview:
The global geostationary satellites market is expected to grow from USD 9.5 billion in 2018 to USD 16.8 billion by 2030, at a CAGR of 6.0% from 2018 to 2030. The growth of the global geostationary satellites market can be attributed to the increasing demand for commercial communications, earth observation, navigation, and military surveillance applications across the globe.
Product Definition:
A geostationary satellite is a satellite that orbits the Earth at a height of approximately 22,236 miles (35,786 kilometers) and maintains its position relative to the Earth's surface. This type of satellite is important for telecommunications and weather forecasting.
Geosynchronous satellites are geometrically aligned in such a way that they keep the same position with respect to the earth’s surface, which is known as its orbital plane. Geosynchronous satellites can be used for various applications including communication and broadcasting, navigation and positioning, weather monitoring and forecasting among others.
50-500 kg:
50-500 kg is the weight range for GSS satellites. It is used to place a satellite in Geostationary Transfer orbit (GTO). GTO has a special position in space, which is why it’s known as the circular orbit. Satellites placed in GTO have a very low inclination and they remain at fixed positions with respect to the equator and poles.
Application Insights:
The commercial communications segment dominated the global geostationary satellites market in 2017. The growing number of broadcasters and cable TV operators has created a strong demand for satellite television services, which, in turn, is propelling the growth of this segment. Moreover, increasing penetration of high-speed internet has created a huge potential for data traffic across various applications such as e-commerce and online gaming that are further driving the growth.
The earth observation application is expected to witness significant growth over the forecast period owing to its rising use by governments for monitoring natural disasters such as earthquakes and volcanoes from space. It also finds numerous other uses including mapping urban development; agriculture & forestry; land use; water bodies & oceans from orbit at an affordable cost with higher resolution compared to conventional imaging satellites. Various industries such as oil & gas and mining rely on these images for better planning hence boosting industry expansion over the coming years.
Regional Analysis:
North America dominated the global market in 2017. The growth can be attributed to the presence of key companies, such as Boeing Satellite Systems International, Inc., and Lockheed Martin Corporation. Moreover, growing demand for high-speed internet connectivity is expected to drive regional growth over the forecast period.
Asia Pacific is anticipated to witness significant growth over the next eight years owing to increasing investments by international players in this region for setting up their manufacturing facilities and distribution centers at a lower cost coupled with favorable government policies regarding space technology development in countries such as India and China. Furthermore, rising number of mobile satellite users across this region will further boost industry expansion over the coming years.
Growth Factors:
- Increasing demand for satellite-based services, such as broadband internet, television, and telephony
- Growing number of satellite launches to meet the increasing demand for bandwidth
- Proliferation of small satellites that can be used for a variety of applications
- Development of new technologies that can improve the performance and efficiency of geostationary satellites
- Expansion in the use of geostationary satellites for government and military applications
Scope Of The Report
Report Attributes
Report Details
Report Title
Geostationary Satellites Market Research Report
By Type
<50 kg, 50-500 kg, >500 kg
By Application
Commercial Communications, Earth Observation, Navigation, Military Surveillance, Others
By Companies
Airbus Defence and Space, OHB SE, Boeing, JSC Information Satellite Systems Reshetnev, Lockheed Martin, Orbital ATK, Space Systems/Loral, Thales Alenia Space
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
238
Number of Tables & Figures
167
Customization Available
Yes, the report can be customized as per your need.
Global Geostationary Satellites Market Report Segments:
The global Geostationary Satellites market is segmented on the basis of:
Types
<50 kg, 50-500 kg, >500 kg
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Commercial Communications, Earth Observation, Navigation, Military Surveillance, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Airbus Defence and Space
- OHB SE
- Boeing
- JSC Information Satellite Systems Reshetnev
- Lockheed Martin
- Orbital ATK
- Space Systems/Loral
- Thales Alenia Space
Highlights of The Geostationary Satellites Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- <50 kg
- 50-500 kg
- >500 kg
- By Application:
- Commercial Communications
- Earth Observation
- Navigation
- Military Surveillance
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Geostationary Satellites Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
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- Consumer Insights
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- Product & Brand Management
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
A geostationary satellite is a type of artificial satellite that remains stationary in the Earth's orbit. This allows it to provide continuous coverage of a specific area, regardless of the direction from which people or objects are observing it.
Some of the major companies in the geostationary satellites market are Airbus Defence and Space, OHB SE, Boeing, JSC Information Satellite Systems Reshetnev, Lockheed Martin, Orbital ATK, Space Systems/Loral, Thales Alenia Space.
The geostationary satellites market is expected to register a CAGR of 6%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Geostationary Satellites Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Geostationary Satellites Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Geostationary Satellites Market - Supply Chain
4.5. Global Geostationary Satellites Market Forecast
4.5.1. Geostationary Satellites Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Geostationary Satellites Market Size (000 Units) and Y-o-Y Growth
4.5.3. Geostationary Satellites Market Absolute $ Opportunity
5. Global Geostationary Satellites Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Geostationary Satellites Market Size and Volume Forecast by Type
5.3.1. <50 kg
5.3.2. 50-500 kg
5.3.3. >500 kg
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Geostationary Satellites Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Geostationary Satellites Market Size and Volume Forecast by Application
6.3.1. Commercial Communications
6.3.2. Earth Observation
6.3.3. Navigation
6.3.4. Military Surveillance
6.3.5. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Geostationary Satellites Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Geostationary Satellites Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Geostationary Satellites Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Geostationary Satellites Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Geostationary Satellites Demand Share Forecast, 2019-2026
9. North America Geostationary Satellites Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Geostationary Satellites Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Geostationary Satellites Market Size and Volume Forecast by Application
9.4.1. Commercial Communications
9.4.2. Earth Observation
9.4.3. Navigation
9.4.4. Military Surveillance
9.4.5. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Geostationary Satellites Market Size and Volume Forecast by Type
9.7.1. <50 kg
9.7.2. 50-500 kg
9.7.3. >500 kg
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Geostationary Satellites Demand Share Forecast, 2019-2026
10. Latin America Geostationary Satellites Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Geostationary Satellites Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Geostationary Satellites Market Size and Volume Forecast by Application
10.4.1. Commercial Communications
10.4.2. Earth Observation
10.4.3. Navigation
10.4.4. Military Surveillance
10.4.5. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Geostationary Satellites Market Size and Volume Forecast by Type
10.7.1. <50 kg
10.7.2. 50-500 kg
10.7.3. >500 kg
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Geostationary Satellites Demand Share Forecast, 2019-2026
11. Europe Geostationary Satellites Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Geostationary Satellites Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Geostationary Satellites Market Size and Volume Forecast by Application
11.4.1. Commercial Communications
11.4.2. Earth Observation
11.4.3. Navigation
11.4.4. Military Surveillance
11.4.5. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Geostationary Satellites Market Size and Volume Forecast by Type
11.7.1. <50 kg
11.7.2. 50-500 kg
11.7.3. >500 kg
11.8. Bais Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Geostationary Satellites Demand Share, 2019-2026
12. Asia Pacific Geostationary Satellites Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Geostationary Satellites Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Geostationary Satellites Market Size and Volume Forecast by Application
12.4.1. Commercial Communications
12.4.2. Earth Observation
12.4.3. Navigation
12.4.4. Military Surveillance
12.4.5. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Geostationary Satellites Market Size and Volume Forecast by Type
12.7.1. <50 kg
12.7.2. 50-500 kg
12.7.3. >500 kg
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Geostationary Satellites Demand Share, 2019-2026
13. Middle East & Africa Geostationary Satellites Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Geostationary Satellites Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Geostationary Satellites Market Size and Volume Forecast by Application
13.4.1. Commercial Communications
13.4.2. Earth Observation
13.4.3. Navigation
13.4.4. Military Surveillance
13.4.5. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Geostationary Satellites Market Size and Volume Forecast by Type
13.7.1. <50 kg
13.7.2. 50-500 kg
13.7.3. >500 kg
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Geostationary Satellites Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Geostationary Satellites Market: Market Share Analysis
14.2. Geostationary Satellites Distributors and Customers
14.3. Geostationary Satellites Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Airbus Defence and Space
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. OHB SE
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Boeing
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. JSC Information Satellite Systems Reshetnev
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Lockheed Martin
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Orbital ATK
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Space Systems/Loral
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Thales Alenia Space
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. COMPANY9
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. COMPANY 10
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook