Satellites Market Size and Forecast 2023-2032| Lockheed Martin Corporation,The Boeing Company,Thales Group,Airbus SE,Northrop Grumman Corporation

The Business Research Company’s Satellites Global Market Report 2023 is the most detailed report available on the market, including broad forecast periods and multiple geographies. The report covers the historic period – 2010-2021, and the forecast period – 2023-2032. The Satellites Global Market Report 2023 evaluates satellites market size, growth rate, drivers, trends, and major companies.

The report provides a global perspective by covering 60 geographies and focusing on major economies in each region – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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The global satellites market is expected to grow from $27,421.5 million in 2026 at a rate of 3.4%. The global satellites market size is then expected to grow at a CAGR of 2.6% from 2026 and reach $31,199.6 million in 2031.

Increasing adoption of low earth orbit satellites in various sectors will drive the satellites market in the forecast period. Low-Earth-Orbit Satellites are one of the most essential enablers of the planet’s protection, safety, and longevity, and they play an important role in earth observation for satellites in the field of agriculture. Earth observation uses data from low-earth-orbit satellites to observe and measure biological, chemical, and physical elements on a global scale.

For instance, in January 2022, according to the information assembled by experts at the Union of Concerned Scientists (UCS), the Satellite Database is a listing of more than 4,852 operational satellites currently in orbit around Earth. Most of the Earth’s approximately 2,700 active satellites are already in low earth orbit.  Furthermore, in February 2022, Bharti-backed OneWeb announced the successful deployment of 34 satellites by Arianespace from the Guiana Space Centre in Kourou, French Guiana. The latest move by the Low Earth Orbit (LEO) satellite communications company brings its total in-orbit constellation to 428 satellites.

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The satellites market segments in the report are:

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

2) By Orbit: Low Earth Orbit (LEO), Medium Earth Orbit (MEO), Geosynchronous Orbit (GEO), Elliptical Orbit

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

The table of contents in TBRC’s satellites market report includes:

1. Executive Summary

2. Table of Contents

3. List of Figures

4. List of Tables

5. Report Structure

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26. Company Profiles

27. Key Mergers and Acquisitions

28. Market Opportunities And Strategies

29. Satellites Market, Conclusions And Recommendations

30. Appendix

Top Major Players:

• Lockheed Martin Corporation
• The Boeing Company
• Thales Group
• Airbus SE
• Northrop Grumman Corporation

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