Categories: Market Research

Global Satellites Market Size and Forecast 2023-2032|Intelsat, SES S.A., Lockheed Martin Corporation, Airbus S.A.S., Millennium Space Systems Inc.

The Satellites Global Market Report 2023 by The Business Research Company, provides satellites market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten-year historic period – 2010-2021, and a ten-year forecast period – 2023-2032.

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According to The Business Research Company’s Satellites Global Market Report 2023, the market size will grow from $25.68 billion in 2022 to $27.73 billion in 2023 at a compound annual growth rate (CAGR) of 8.0%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of the global satellites is expected to grow to $33.59 billion in 2027 at a CAGR of 4.9%.

During the forecast period, the increase in demand for Direct-To-Home (DTH) television services contributed to the satellites market growth. The DTH (Direct to Home) service is basically a digital satellite service that delivers satellite television programming promptly to a subscriber’s home.

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The satellites market is segmented:

1) By Type: Large Satellite, Mini Satellite, Micro Satellite

2) By Orbit: Low Earth Orbit (Leo), Medium Earth Orbit (Meo), Geosynchronous Orbit (Geo), Elliptical Orbit

3) By End User: Commercial, Civil, Government, Other

4) By Application: Scientific Research, Technology Demonstration and Verification, Earth Observation and Remote Sensing, Scientific Research, Communication, Others

The launch of hybrid DTH set-top boxes is gaining popularity in the satellites market. The hybrid set-top boxes are something that surfaced as a result of DTH operators trying to bring online content to TV screens. For instance, in 2020, D2H launched an internet-enabled, Android-based HD set-top box and a voice-enabled stick with Alexa built-in. It is worth noting that the new set-top box that has been launched by D2H is not a standard set-top box that only comes with a DTH connection. However, it is a hybrid set-top box that combines a DTH connection with over-the-top (OTT) content. A hybrid set-top box allows you to access both your OTT content online and your satellite TV channels simultaneously.

The satellites market report table of contents includes:

1. Executive Summary

2. Table of Contents

3. List of Figures

4. List of Tables

5. Report Structure

26. Company Profiles

27. Key Mergers and Acquisitions

28. Market Opportunities And Strategies

29. Satellites Market, Conclusions And Recommendations

30. Appendix

Top Major Players: