Market Overview:
The global meteorological satellites market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for weather forecasting and climate monitoring applications, rising awareness about the benefits of using meteorological satellites, and technological advancements in satellite manufacturing. Based on type, the global meteorological satellites market is segmented into polar orbiting and geostationary satellites. Geostationary satellites are expected to account for a larger share of the market than polar orbiting satellites during the forecast period. This can be attributed to their ability to provide high-resolution images over a long period of time as compared with polar orbiting satellites. Based on application, the global meteorological satellite market is segmented into agriculture, aerospace, navigation, military, and others (including environmental monitoring). The military segment is expected to account for a larger share of the market during the forecast period owing to increased spending by governments on defense infrastructure development programs across regions such as North America and Europe.
Product Definition:
A meteorological satellite is a type of artificial satellite used to observe Earth's atmosphere and weather.
Polar Orbiting:
Polar Orbiting is a method of keeping the satellite in a particular position over the earth's poles. The satellites used for this purpose are known as Polar LEO satellites. These satellites have an equatorial orbit and they circle the earth at a height of about 500 km above sea level.
Geostationary:
Geostationary satellites are those which remain at a constant position in the orbit and revolve around the earth once every day. These satellites follow a fixed path over the surface of the globe. The most common geostationary satellite is MSG-4, launched by Russia in 2011, which was decommissioned in 2014 due to its low fuel capacity. Geosynchronous Satellites are used for various purposes such as communication, weather monitoring & forecasting and navigation among others.
Application Insights:
The military segment held the largest revenue share of over 25% in 2017. The usage of meteorological satellites has become essential for several applications in the defense sector, such as tracking and mapping weather conditions, forecasting natural disasters at regional level, and monitoring environmental changes. Moreover, meteorological satellites have witnessed growing adoption across the aviation sector owing to their use in navigation and flight operations. For instance, GPS is a vital component used by pilots during takeoff and landing for accurate aircraft positioning and trajectory prediction.
Agriculture was one of the prominent application areas that accounted for a significant revenue share owing to its dependence on weather patterns for crop growth & harvesting activities across various regions including North America; Europe; Asia Pacific; Middle East & Africa; Latin America etcetera. The agriculture industry highly relies on rainfall patterns as well as seasonal temperature fluctuations because these factors directly influence crops' health & nutritional content along with their final appearance & quality (Global Meteorological Satellites Market By Application 2018).
Regional Analysis:
North America dominated the global market in terms of revenue share in 2016. The U.S. Air Force and NASA have been making significant investments to enhance their weather satellite capabilities, which is expected to drive the regional demand over the forecast period.
Asia Pacific is projected to witness substantial growth from 2017 to 2030 due its increasing reliance on space-based information for disaster management.
The European Union has funded several geostationary meteorological satellites projects under Horizon 2020 research & innovation program operated by EU member states collectively worth USD X million between 2014-2020 horizons).
Growth Factors:
- Increasing demand for weather forecast and early warning systems for natural disasters
- Growing awareness about the benefits of meteorological satellites for various applications
- Rising investments in R&D to develop advanced and innovative satellite technologies
- Proliferation of small satellites that can be used for meteorological purposes
- Emergence of new players in the market
Scope Of The Report
Report Attributes
Report Details
Report Title
Meteorological Satellites Market Research Report
By Type
Polar Orbiting, Geostationary
By Application
Agriculture, Aerospace, Navigation, Military, Others
By Companies
OneWeb Satellites, Boeing, Thales Alenia Space, Lockheed Martin, Airbus, China Aerospace Science and Technology Corporation
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
204
Number of Tables & Figures
143
Customization Available
Yes, the report can be customized as per your need.
Global Meteorological Satellites Market Report Segments:
The global Meteorological Satellites market is segmented on the basis of:
Types
Polar Orbiting, Geostationary
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
Agriculture, Aerospace, Navigation, Military, 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:
- OneWeb Satellites
- Boeing
- Thales Alenia Space
- Lockheed Martin
- Airbus
- China Aerospace Science and Technology Corporation
Highlights of The Meteorological 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:
- Polar Orbiting
- Geostationary
- By Application:
- Agriculture
- Aerospace
- Navigation
- Military
- 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 Meteorological 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
- Market Entry Strategies
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- Consumer Insights
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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?
Meteorological satellites are spacecraft that collect weather data. They orbit Earth and measure temperature, pressure, humidity, and other meteorological parameters. This information is used to improve weather forecasting models.
Some of the major players in the meteorological satellites market are OneWeb Satellites, Boeing, Thales Alenia Space, Lockheed Martin, Airbus, China Aerospace Science and Technology Corporation.
The meteorological satellites market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Meteorological Satellites Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Meteorological Satellites Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Meteorological Satellites Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Meteorological Satellites Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Meteorological Satellites Market Size & Forecast, 2020-2028
4.5.1 Meteorological Satellites Market Size and Y-o-Y Growth
4.5.2 Meteorological Satellites Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Polar Orbiting
5.2.2 Geostationary
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Agriculture
6.2.2 Aerospace
6.2.3 Navigation
6.2.4 Military
6.2.5 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Meteorological Satellites Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Meteorological Satellites Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Polar Orbiting
9.6.2 Geostationary
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Agriculture
9.10.2 Aerospace
9.10.3 Navigation
9.10.4 Military
9.10.5 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Polar Orbiting
10.6.2 Geostationary
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Agriculture
10.10.2 Aerospace
10.10.3 Navigation
10.10.4 Military
10.10.5 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Polar Orbiting
11.6.2 Geostationary
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Agriculture
11.10.2 Aerospace
11.10.3 Navigation
11.10.4 Military
11.10.5 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Polar Orbiting
12.6.2 Geostationary
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Agriculture
12.10.2 Aerospace
12.10.3 Navigation
12.10.4 Military
12.10.5 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size 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 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Polar Orbiting
13.6.2 Geostationary
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Agriculture
13.10.2 Aerospace
13.10.3 Navigation
13.10.4 Military
13.10.5 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Meteorological Satellites Market: Competitive Dashboard
14.2 Global Meteorological Satellites Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 OneWeb Satellites
14.3.2 Boeing
14.3.3 Thales Alenia Space
14.3.4 Lockheed Martin
14.3.5 Airbus
14.3.6 China Aerospace Science and Technology Corporation
