Satellite Market Research Report - Global Forecast till 2027

Global Satellite Market Research Report: Information by Type (Nanosatellite, Micro Satellite, Mini Satellite and Large Satellite), Application (Earth Observation and Remote Sensing, Scientific Research, Communication, Direct Broadcast, Mapping and Navigation, Weather Forecasting and Surveillance and Security), End User (Military and Defense and Commercial) and Region (North America, Europe, Asia-Pacific, Middle East & Africa and Latin America) - Forecast till 2027

ID: MRFR/A&D/6553-HCR | February 2021 | Region: Global | 133 pages

Market Scenario


A satellite is a foreign body placed in orbit around the moon, earth or any other planet to collect information or for communication. Factors such as the growing demand for satellites for military operations and an increase in their use in satellite communication (SATCOM) for the facilitation of wide-area telecommunication are driving the market growth. For example, in January 2019, Lockheed Martin Corporation signed a contract for USD 52.7 million with the US Air Force to provide engineering, development, and sustainment services for the latter’s Multi-Mission Satellite Operation Center.


Furthermore, the rising demand for satellite-based television and broadcast services is bolstering the market growth. However, growing concerns relating to space debris, high cost of satellite development, and stringent government regulations regarding satellite manufacturing are expected to hamper the market growth.


The global satellite market is estimated to register a CAGR of nearly 19.23% during the forecast period of 2019 to 2024.


Key Players


The key players in the global satellite market are Airbus SAS (Netherlands), Ball Corporation (US), Eutelsat Communications SA (France), Intelsat (Luxembourg), Boeing (US), Israel Aerospace Industries Ltd (Israel), Lockheed Martin Corporation (US), Northrop Grumman Corporation (US), SES SA (Luxembourg), Space Exploration Technologies Corp (US), Space Systems/Loral, LLC (US), Thales Group (France), Viasat, Inc. (US), and Safran (France).


Segmentation of the Global Satellite Market   Satellite Market_Image


On the basis of type, the market has been segmented into nanosatellite, micro satellite, mini satellite, and large satellite. In 2018, the nanosatellite segment dominated the global market and it is expected to register the highest CAGR during the forecast period. Nanosatellites offer benefits such as low cost of development and convenience in manufacturing.


Based on application, the market has been divided into earth observation and remote sensing, scientific research, communication, direct broadcast, mapping and navigation, weather forecasting, and surveillance and security. The communication segment dominated the market in 2018. However, the earth observation and remote sensing segment is expected to register the highest growth rate during the forecast period. Satellites assist in monitoring and predicting climate patterns, estimating crop yields, studying mineral deposits, and checking the availability of water sources.


On the basis of end user, the market has been divided into military and defense and commercial. The commercial segment dominated the market in 2018 and is expected to register a higher CAGR during the forecast period owing to factors such as the growing demand for direct-to-home (DTH) television, high-speed Internet connectivity, and growth in demand for digital television.


The global satellite market has been segmented, based on region, into North America, Europe, Asia-Pacific, the Middle East & Africa, and Latin America. The North American market dominated the global satellite market in 2018 owing to the utilization of satellites in various industries such as agriculture and forestry and oil & gas. However, the market in Asia-Pacific is expected to be the fastest-growing during the forecast period. The availability of low-cost satellites and advanced technology are driving the market growth in the region. Furthermore, growing use of satellites for military operations in countries such as China and India is also propelling the market growth. Additionally, collaborations between prominent space companies such as Thales Group and Korean Aerospace Industries in the field of radar satellites is also fueling the market growth in the region. For example, in 2018, Thales Group signed two contracts with Korean Aerospace Industries and Hanwha Systems Corporation to develop four high-resolution radar satellites for Korea's Agency for Defence Development (ADD).


Research Methodology


The market values and forecasts are derived using MRFR research methodology, which includes secondary research, primary interviews, data triangulation and validation from an in-house data repository and statistical modeling tools.


Secondary Research


In this process, data is collected from various secondary sources, including annual reports, SEC filings, journals, government associations, aerospace & defense magazines, white papers, corporate presentations, company websites, and paid databases.


Primary Research


In this process, both the demand- and supply-side parties are interviewed to extract facts and insights into the market forecast, production, trends, and projected market growth. Industry stakeholders such as CEOs, VPs, directors, and marketing executives across the value chain are approached to obtain key information.


Key Insights



  • Market Sizing, Forecast, and Analysis: Detailed coverage of the market segment and sub-segments



  • Regional/Country Trends and Forecast: Detailed analysis of the market in North America, Asia-Pacific, Europe, the Middle East & Africa, and Latin America, along with key countries in each region



  • Market Dynamics Intelligence: Market drivers, opportunities, trends, restraints, Porter’s five forces, supply chain, and value chain analysis



  • Technology Trends, Regulatory Landscape, and Patent Analysis Outlook



  • Competitive Intelligence: Market share analysis, financial analysis, product benchmarking, and strategic developments including joint ventures, product launches, and mergers & acquisitions



  • Regional attractiveness and related growth opportunities


Intended Audience



  • Satellite manufacturers

  • Information technology companies

  • Law enforcement agencies

  • Space agencies

  • Defense organizations

  • Government authorities

  • Defense companies

  • Research institutes

  • Regulatory bodies



Frequently Asked Questions (FAQ) :


Global Satellite Market’s CAGR is calculated to be 19.23%.

The growth of the Global Satellite Market is from 2019 to 2024.

The market USP of the Global Satellite Market is the upward demand for satellites for military operations and an increase in their use in satellite communication (SATCOM) for the facilitation of wide-area telecommunication.

Global Satellite Market’s segments are type, platform, and end-user.

Table of Contents

1. Executive Summary

1.1. Market Attractiveness Analysis

1.1.1. Global Satellite Market, by Type

1.1.2. Global Satellite Market, by End User

1.1.3. Global Satellite Market, by Application

1.1.4. Global Satellite Market, by Region

2. Market Introduction

2.1. Market Definition

2.2. Scope of the Study

2.3. Market Structure

2.4. Key Buying Criteria

2.5. Market Factor Indicator Analysis

3. Research Methodology

3.1. Research Process

3.2. Primary Research

3.3. Secondary Research

3.4. Market Size Estimation

3.5. Forecast Model

3.6. List of Assumptions

4. Market Insights

5. Market Dynamics

5.1. Introduction

5.2. Drivers

5.3. Restraints

5.4. Opportunities

5.5. Challenges

5.6. Market/Technological Trends

5.7. Patent Trends

5.8. Regulatory Landscape/Standards

6. Market Factor Analysis

6.1. Value Chain/Supply Chain Analysis

6.1.1. R&D

6.1.2. Manufacturing

6.1.3. Distribution & Sales

6.1.4. Post-Sales Monitoring

6.2. Porter’s Five Forces Analysis

6.2.1. Threat of New Entrants

6.2.2. Bargaining Power of Buyers

6.2.3. Threat of Substitutes

6.2.4. Rivalry

6.2.5. Bargaining Power of Supplies

7. Global Satellite Market, by Type

7.1. Introduction

7.2. Nanosatellite

7.2.1. Market Estimates & Forecast, 2020–2027

7.2.2. Market Estimates & Forecast, by Region, 2020–2027

7.3. Micro Satellite

7.3.1. Market Estimates & Forecast, 2020–2027

7.3.2. Market Estimates & Forecast, by Region, 2020–2027

7.4. Mini Satellite

7.4.1. Market Estimates & Forecast, 2020–2027

7.4.2. Market Estimates & Forecast, by Region, 2020–2027

7.5. Large Satellite

7.5.1. Market Estimates & Forecast, 2020–2027

7.5.2. Market Estimates & Forecast, by Region, 2020–2027

8. Global Satellite Market, by End User

8.1. Introduction

8.2. Military & Defense

8.2.1. Market Estimates & Forecast, 2020–2027

8.2.2. Market Estimates & Forecast, by Region, 2020–2027

8.3. Commercial

8.3.1. Market Estimates & Forecast, 2020–2027

8.3.2. Market Estimates & Forecast, by Region, 2020–2027

9. Global Satellite Market, by Application

9.1. Introduction

9.2. Earth Observation & Remote Sensing

9.2.1. Market Estimates & Forecast, 2020–2027

9.2.2. Market Estimates & Forecast, by Region, 2020–2027

9.3. Scientific Research

9.3.1. Market Estimates & Forecast, 2020–2027

9.3.2. Market Estimates & Forecast, by Region, 2020–2027

9.4. Direct Broadcast

9.4.1. Market Estimates & Forecast, 2020–2027

9.4.2. Market Estimates & Forecast, by Region, 2020–2027

9.5. Mapping & Navigation

9.5.1. Market Estimates & Forecast, 2020–2027

9.5.2. Market Estimates & Forecast, by Region, 2020–2027

9.6. Weather Forecasting

9.6.1. Market Estimates & Forecast, 2020–2027

9.6.2. Market Estimates & Forecast, by Region, 2020–2027

9.7. Surveillance & Security

9.7.1. Market Estimates & Forecast, 2020–2027

9.7.2. Market Estimates & Forecast, by Region, 2020–2027

10. Market Estimates & Forecast, by Region, 2020–2027

11. Market Estimates & Forecast, by Region, 2020–2027

12. Global Satellite Market, by Region

12.1. Introduction

12.2. North America

12.2.1. Market Estimates & Forecast, by Country, 2020–2027

12.2.2. Market Estimates & Forecast, by Type, 2020–2027

12.2.3. Market Estimates & Forecast, by End User, 2020–2027

12.2.4. Market Estimates & Forecast, by Application, 2020–2027

12.2.5. US

12.2.5.1. Market Estimates & Forecast, by Type, 2020–2027

12.2.5.2. Market Estimates & Forecast, by End User, 2020–2027

12.2.5.3. Market Estimates & Forecast, by Application, 2020–2027

12.2.6. Canada

12.2.6.1. Market Estimates & Forecast, by Type, 2020–2027

12.2.6.2. Market Estimates & Forecast, by End User, 2020–2027

12.2.6.3. Market Estimates & Forecast, by Application, 2020–2027

12.3. Europe

12.3.1. Market Estimates & Forecast, by Country, 2020–2027

12.3.2. Market Estimates & Forecast, by Type, 2020–2027

12.3.3. Market Estimates & Forecast, by End User, 2020–2027

12.3.4. Market Estimates & Forecast, by Application, 2020–2027

12.3.5. UK

12.3.5.1. Market Estimates & Forecast, by Type, 2020–2027

12.3.5.2. Market Estimates & Forecast, by End User, 2020–2027

12.3.5.3. Market Estimates & Forecast, by Application, 2020–2027

12.3.6. Germany

12.3.6.1. Market Estimates & Forecast, by Type, 2020–2027

12.3.6.2. Market Estimates & Forecast, by End User, 2020–2027

12.3.6.3. Market Estimates & Forecast, by Application, 2020–2027

12.3.7. France

12.3.7.1. Market Estimates & Forecast, by Type, 2020–2027

12.3.7.2. Market Estimates & Forecast, by End User, 2020–2027

12.3.7.3. Market Estimates & Forecast, by Application, 2020–2027

12.3.8. Russia

12.3.8.1. Market Estimates & Forecast, by Type, 2020–2027

12.3.8.2. Market Estimates & Forecast, by End User, 2020–2027

12.3.8.3. Market Estimates & Forecast, by Application, 2020–2027

12.3.9. Rest of Europe

12.3.9.1. Market Estimates & Forecast, by Type, 2020–2027

12.3.9.2. Market Estimates & Forecast, by End User, 2020–2027

12.3.9.3. Market Estimates & Forecast, by Application, 2020–2027

12.4. Asia-Pacific

12.4.1. Market Estimates & Forecast, by Country, 2020–2027

12.4.2. Market Estimates & Forecast, by Type, 2020–2027

12.4.3. Market Estimates & Forecast, by End User, 2020–2027

12.4.4. Market Estimates & Forecast, by Application, 2020–2027

12.4.5. China

12.4.5.1. Market Estimates & Forecast, by Type, 2020–2027

12.4.5.2. Market Estimates & Forecast, by End User, 2020–2027

12.4.5.3. Market Estimates & Forecast, by Application, 2020–2027

12.4.6. Japan

12.4.6.1. Market Estimates & Forecast, by Type, 2020–2027

12.4.6.2. Market Estimates & Forecast, by End User, 2020–2027

12.4.6.3. Market Estimates & Forecast, by Application, 2020–2027

12.4.7. India

12.4.7.1. Market Estimates & Forecast, by Type, 2020–2027

12.4.7.2. Market Estimates & Forecast, by End User, 2020–2027

12.4.7.3. Market Estimates & Forecast, by Application, 2020–2027

12.4.8. South Korea

12.4.8.1. Market Estimates & Forecast, by Type, 2020–2027

12.4.8.2. Market Estimates & Forecast, by End User, 2020–2027

12.4.8.3. Market Estimates & Forecast, by Application, 2020–2027

12.4.9. Rest of Asia-Pacific

12.4.9.1. Market Estimates & Forecast, by Type, 2020–2027

12.4.9.2. Market Estimates & Forecast, by End User, 2020–2027

12.4.9.3. Market Estimates & Forecast, by Application, 2020–2027

12.5. Middle East & Africa

12.5.1. Market Estimates & Forecast, by Country, 2020–2027

12.5.2. Market Estimates & Forecast, by Type, 2020–2027

12.5.3. Market Estimates & Forecast, by End User, 2020–2027

12.5.4. Market Estimates & Forecast, by Application, 2020–2027

12.5.5. UAE

12.5.5.1. Market Estimates & Forecast, by Type, 2020–2027

12.5.5.2. Market Estimates & Forecast, by End User, 2020–2027

12.5.5.3. Market Estimates & Forecast, by Application, 2020–2027

12.5.6. Israel

12.5.6.1. Market Estimates & Forecast, by Type, 2020–2027

12.5.6.2. Market Estimates & Forecast, by End User, 2020–2027

12.5.6.3. Market Estimates & Forecast, by Application, 2020–2027

12.5.7. Saudi Arabia

12.5.7.1. Market Estimates & Forecast, by Type, 2020–2027

12.5.7.2. Market Estimates & Forecast, by End User, 2020–2027

12.5.7.3. Market Estimates & Forecast, by Application, 2020–2027

12.5.8. Rest of the Middle East & Africa

12.5.8.1. Market Estimates & Forecast, by Type, 2020–2027

12.5.8.2. Market Estimates & Forecast, by End User, 2020–2027

12.5.8.3. Market Estimates & Forecast, by Application, 2020–2027

12.6. Latin America

12.6.1. Market Estimates & Forecast, by Country, 2020–2027

12.6.2. Market Estimates & Forecast, by Type, 2020–2027

12.6.3. Market Estimates & Forecast, by End User, 2020–2027

12.6.4. Market Estimates & Forecast, by Application, 2020–2027

12.6.5. Brazil

12.6.5.1. Market Estimates & Forecast, by Type, 2020–2027

12.6.5.2. Market Estimates & Forecast, by End User, 2020–2027

12.6.5.3. Market Estimates & Forecast, by Application, 2020–2027

12.6.6. Rest of Latin America

12.6.6.1. Market Estimates & Forecast, by Type, 2020–2027

12.6.6.2. Market Estimates & Forecast, by End User, 2020–2027

12.6.6.3. Market Estimates & Forecast, by Application, 2020–2027

13. Competitive Landscape

13.1. Competitive Overview

13.2. Competitor Dashboard

13.3. Major Growth Strategies in the Global Satellite Market

13.4. Competitive Benchmarking

13.5. Market Share Analysis

13.6. Airbus SAS.: The Leading Player in Terms of Number of Developments in the Global Satellite Market

13.7. Key Developments & Growth Strategies

13.7.1. Product Launches/Service Deployments

13.7.2. Mergers & Acquisitions

13.7.3. Joint Ventures

14. Company Profiles

14.1. Airbus SAS

14.1.1. Company Overview

14.1.2. Products/Services Offered

14.1.3. Financial Overview

14.1.4. Key Developments

14.1.5. SWOT Analysis

14.1.6. Key Strategies

14.2. Ball Corporation

14.2.1. Company Overview

14.2.2. Products/Services Offered

14.2.3. Financial Overview

14.2.4. Key Developments

14.2.5. SWOT Analysis

14.2.6. Key Strategies

14.3. Boeing

14.3.1. Company Overview

14.3.2. Products/Services Offered

14.3.3. Financial Overview

14.3.4. Key Developments

14.3.5. SWOT Analysis

14.3.6. Key Strategies

14.4. Eutelsat Communications SA

14.4.1. Company Overview

14.4.2. Products/Services Offered

14.4.3. Financial Overview

14.4.4. Key Developments

14.4.5. SWOT Analysis

14.4.6. Key Strategies

14.5. Intelsat

14.5.1. Company Overview

14.5.2. Products/Services Offered

14.5.3. Financial Overview

14.5.4. Key Developments

14.5.5. SWOT Analysis

14.5.6. Key Strategies

14.6. Israel Aerospace Industries Ltd

14.6.1. Company Overview

14.6.2. Products/Services Offered

14.6.3. Financial Overview

14.6.4. Key Developments

14.6.5. SWOT Analysis

14.6.6. Key Strategies

14.7. Lockheed Martin Corporation

14.7.1. Company Overview

14.7.2. Products/Services Offered

14.7.3. Financial Overview

14.7.4. Key Developments

14.7.5. SWOT Analysis

14.7.6. Key Strategies

14.8. Northrop Grumman Corporation

14.8.1. Company Overview

14.8.2. Products/Services Offered

14.8.3. Financial Overview

14.8.4. Key Developments

14.8.5. SWOT Analysis

14.8.6. Key Strategies

14.9. Safran

14.9.1. Company Overview

14.9.2. Products/Services Offered

14.9.3. Financial Overview

14.9.4. Key Developments

14.9.5. SWOT Analysis

14.9.6. Key Strategies

14.10. SES SA

14.10.1. Company Overview

14.10.2. Products/Services Offered

14.10.3. Financial Overview

14.10.4. Key Developments

14.10.5. SWOT Analysis

14.10.6. Key Strategies

14.11. Space Exploration Technologies Corp

14.11.1. Company Overview

14.11.2. Products/Services Offered

14.11.3. Financial Overview

14.11.4. Key Developments

14.11.5. SWOT Analysis

14.11.6. Key Strategies

14.12. Space Systems/Loral, LLC

14.12.1. Company Overview

14.12.2. Products/Services Offered

14.12.3. Financial Overview

14.12.4. Key Developments

14.12.5. SWOT Analysis

14.12.6. Key Strategies

14.13. Thales Group

14.13.1. Company Overview

14.13.2. Products/Services Offered

14.13.3. Financial Overview

14.13.4. Key Developments

14.13.5. SWOT Analysis

14.13.6. Key Strategies

14.14. Viasat, Inc.

14.14.1. Company Overview

14.14.2. Products/Services Offered

14.14.3. Financial Overview

14.14.4. Key Developments

14.14.5. SWOT Analysis

14.14.6. Key Strategies

15. Appendix

15.1. References

15.2. Related Reports

15.3. List of Abbreviations

16. Industry Insights

Note: This table of contents is tentative and subject to change as the research progresses.

List of Tables

Table 1 Global Satellite Market, by Region, 2020–2027

Table 2 North America: Satellite Market, by Country, 2020–2027

Table 3 Europe: Satellite Market, by Country, 2020–2027

Table 4 Asia-Pacific: Satellite Market, by Country, 2020–2027

Table 5 Middle East & Africa: Satellite Market, by Country, 2020–2027

Table 6 Latin America: Satellite Market, by Country, 2020–2027

Table 7 Global Satellite Market Size, by Region, 2020–2027

Table 8 North America: Satellite Market Size, by Country, 2020–2027

Table 9 Europe: Satellite Market Size, by Country, 2020–2027

Table 10 Asia-Pacific: Satellite Market Size, by Country, 2020–2027

Table 11 Middle East & Africa: Satellite Market Size, by Country, 2020–2027

Table 12 Latin America: Satellite Market Size, by Country, 2020–2027

Table 13 Global Satellite Type Market, by Region, 2020–2027

Table 14 North America: Satellite Type Market, by Country, 2020–2027

Table 15 Europe: Satellite Type Market, by Country, 2020–2027

Table 16 Asia-Pacific: Satellite Type Market, by Country, 2020–2027

Table 17 Middle East & Africa: Satellite Type Market, by Country, 2020–2027

Table 18 Latin America: Satellite Type Market, by Country, 2020–2027

Table 19 Global Satellite End User Market, by Region, 2020–2027

Table 20 North America: Satellite End User Market, by Country, 2020–2027

Table 21 Europe: Satellite End User Market, by Country, 2020–2027

Table 22 Asia-Pacific: Satellite End User Market, by Country, 2020–2027

Table 23 Middle East & Africa: Satellite End User Market, by Country, 2020–2027

Table 24 Latin America: Satellite End User Market, by Country, 2020–2027

Table 25 Global Satellite Application Market, by Region, 2020–2027

Table 26 North America: Satellite Application Market, by Country, 2020–2027

Table 27 Europe: Satellite Application Market, by Country, 2020–2027

Table 28 Asia-Pacific: Satellite Application Market, by Country, 2020–2027

Table 29 Middle East & Africa: Satellite Application Market, by Country, 2020–2027

Table 30 Latin America: Satellite Application Market, by Country, 2020–2027

Table 31 Global Satellite Market, by Region, 2020–2027

Table 32 Global Satellite Market, by Type, 2020–2027

Table 33 Global Satellite Market, by End User, 2020–2027

Table 34 Global Satellite Market, by Application, 2020–2027

Table 35 North America: Satellite Market, by Country, 2020–2027

Table 36 North America: Satellite Market, by Type, 2020–2027

Table 37 North America: Satellite Market, by End User, 2020–2027

Table 38 North America: Satellite Market, by Application, 2020–2027

Table 39 Europe: Satellite Market, by Country, 2020–2027

Table 40 Europe: Satellite Market, by Type, 2020–2027

Table 41 Europe: Satellite Market, by End User, 2020–2027

Table 42 Europe: Satellite Market, by Application, 2020–2027

Table 43 Asia-Pacific: Satellite Market, by Country, 2020–2027

Table 44 Asia-Pacific: Satellite Market, by Type, 2020–2027

Table 45 Asia-Pacific: Satellite Market, by End User, 2020–2027

Table 46 Asia-Pacific: Satellite Market, by Application, 2020–2027

Table 47 Middle East & Africa: Satellite Market, by Country, 2020–2027

Table 48 Middle East & Africa: Satellite Market, by Type, 2020–2027

Table 49 Middle East & Africa: Satellite Market, by End User, 2020–2027

Table 50 Middle East & Africa: Satellite Market, by Application, 2020–2027

Table 51 Latin America: Satellite Market, by Country, 2020–2027

Table 52 Latin America: Satellite Market, by Type, 2020–2027

Table 53 Latin America: Satellite Market, by End User, 2020–2027

Table 54 Latin America: Satellite Market, by Application, 2020–2027


List of Figures

FIGURE 1 Research Process of MRFR

FIGURE 2 Top-Down & Bottom-Up Approaches

FIGURE 3 Market Dynamics

FIGURE 4 Impact Analysis: Market Drivers

FIGURE 5 Impact Analysis: Market Restraints

FIGURE 6 Porter's Five Forces Analysis

FIGURE 7 Value Chain Analysis

FIGURE 8 Global Satellite Market Share, by Type, 2020 (%)

FIGURE 9 Global Satellite Market, by Type, 2020–2027 (USD Million)

FIGURE 10 Global Satellite Market Share, by End User, 2020 (%)

FIGURE 11 Global Satellite Market, by End User, 2020–2027 (USD Million)

FIGURE 12 Global Satellite Market Share, by Application, 2020 (%)

FIGURE 13 Global Satellite Market, by Application, 2020–2027 (USD Million)

FIGURE 14 Global Satellite Market Share (%), by Region, 2020

FIGURE 15 Global Satellite Market, by Region, 2020–2027 (USD Million)

FIGURE 16 North America: Satellite Market Share (%), 2020

FIGURE 17 North America: Satellite Market, by Country, 2020–2027 (USD Million)

FIGURE 18 Europe: Satellite Market Share (%), 2020

FIGURE 19 Europe: Satellite Market, by Country, 2020–2027 (USD Million)

FIGURE 20 Asia-Pacific: Satellite Market Share (%), 2020

FIGURE 21 Asia-Pacific: Satellite Market, by Country, 2020–2027 (USD Million)

FIGURE 22 Middle East & Africa: Satellite Market Share (%), 2020

FIGURE 23 Middle East & Africa: Satellite Market, by Country, 2020–2027 (USD Million)

FIGURE 24 Latin America: Satellite Market Share (%), 2020

FIGURE 25 Latin America: Satellite Market, by Country, 2020–2027 (USD Million)