衛星市場 – 2030年までの世界予測

Satellites Market - Global Forecast To 2030

衛星市場 - 衛星の質量(小型、中型、大型)、用途(通信、地球観測およびリモートセンシング)、軌道(LEO、MEO、GEO)、エンドユーザー、サブシステム、周波数および地域別 - 2030年までの世界予測
Satellites Market by Satellite Mass (Small, Medium, Large), Application (Communication, Earth Observation & Remote Sensing), Orbit (LEO, MEO, GEO), End User, Sub-systems, Frequency and Region - Global Forecast to 2030

商品番号 : SMB-69160

出版社MarketsandMarkets
出版年月2024年11月
ページ数307
図表数305
価格タイプシングルユーザライセンス
価格USD 4,950
種別英文調査報告書

Report Overview

The satellites market is estimated to be USD 17.94 billion in 2024 and is projected to reach USD 35.95 billion by 2030, at a CAGR of 12.3% between 2024 and 2030.

衛星市場は2024年に179億4,000万米ドルと推定され、2024年から2030年までのCAGRは12.3%で、2030年までに359億5,000万米ドルに達すると予測されています。

Increasing demand towards remote and underserved areas globally is the key driver for the satellite market as satellites enable high-speed internet with the support of 5G networks and IoT applications. Satellite miniaturization and low-cost launch vehicles are making satellites more accessible for deployment, thereby causing growth in a myriad of sectors. Of these sectors, defense and security are major contributors by increased investments in reconnaissance, surveillance, and secure communication satellites across the world for national security. Environmental monitoring, disaster management, and agriculture are increasingly demanding Earth observation satellites. Growing momentum of satellite-based navigation systems like GPS, public-private partnerships, and commercialization of space will further propel the market to a level wherein satellite services are indispensable for both commercial and government applications.

衛星市場 - 2030年までの世界予測
satellites-market-Overview

“LEO orbit segment is set to dominate the satellites market.”

The LEO segment is to dominate the satellite market on account of optimum balance between coverage, latency, and cost-efficiency. LEO satellites are cost effective as compared to MEO counterparts and lower latencies than those of GEO satellites and, therefore, an optimal choice for applications like global navigation systems, mission-critical communications, and broadband services. Against the background of growing demand for high-speed internet in segments such as aviation, maritime, and rural connectivity, LEOs find more preference over other satellites due to reliability in offering low-latency services. Moreover, the technological advancements from satellite technologies such as digital payloads and beamforming improve the performance from the LEO satellites. This has driven them not only in the commercial spectrum but in the defense sector also, making LEO a significant growth area in the satellite market.

“Defense by application segment is estimated to grow at highest share in forecast period.”

The defense application segment is a significant shareholder in the satellite market because of its fundamental role in national security, intelligence, and defense communications. Satellites provide critical support for surveillance, reconnaissance, and secure communication aspects of military operations by enabling real-time monitoring, gathering of intelligence, and systems for early warning. With the increase in rising geopolitical tensions, the complexity of modern warfare, and investments in SAR and optical imaging for high-resolution tracking, Governments are already shelling out big amounts for a variant of a satellite-based defense system. Demand increases there for a developed anti-satellite defense capability and to protect its space assets. By such significant investments by countries like the U.S., Russia, China, and India, defense holds the largest application segment in the satellite market.

“Asia Pacific is expected to hold the highest market share in 2024.”

Asia Pacific is set to represent the largest share in the satellite market because of heavy investment by key economies such as China, India, Japan, and South Korea in telecommunications, defense, Earth observation, and space exploration. China’s BRI and India’s ISRO create both domestic and international demand for satellite deployment, but the accelerating growth is because of the high demand for broadband connectivity and 5G networks in underserved areas. Defense satellites for intelligence and surveillance are also gaining takers in this region due to a focus on national security. Besides, the public-private partnerships, the improved miniature satellites technology, and a favorable regulatory environment are strengthening Asia Pacific’s position at the top of the satellite market.

衛星市場 - 2030年までの世界予測 region
satellites-market-Region

The break-up of the profile of primary participants in the Satellites market:

 

  • By Company Type: Tier 1 – 35%, Tier 2 – 45%, and Tier 3 – 20%
  • By Designation: C Level – 35%, Managers – 25%, Others – 40%
  • By Region: North America – 20%, Europe – 25%, Asia Pacific – 35%, Middle East – 10%, Rest of the World – 10%

 

SPACEX (US), Lockheed Martin Corporation (US), Airbus Defence and Space (Germany), Northrop Grumman (US), Thales Alenia Space (France), L3Harris Technologies, Inc., (US) Terran Orbital Corporation (US), SNC (US), MDA (Canada), OHB SE (Germany), RTX (US), Maxar Technologies (US), Mitsubishi Electric Corporation (MELCO) (Japan), and Planet Labs PBC (US), York Space Systems (US) and Boeing (US) are some of the key players in the satellites market.

衛星市場 - 2030年までの世界予測 ecosystem
satellites-market-Ecosystem

The study includes an in-depth competitive analysis of these key players in the satellites market, with their company profiles, recent developments, and key market strategies.

Research Coverage:

This research report categorizes the satellites market by satellite mass (small, medium, large), by end user (commercial, government & civil, defense), by orbit (LEO, MEO, GEO, other orbit), by application (communication, earth observation & remote sensing, other applications), by frequency (l-band, s-band, c-band, x-band, ku-band, ka-band, q/v/e band, hf/vhf/uhf-band, laser/optical), by sub-system (satellite bus, payloads, solar panels, satellite antenna, other sub-systems) and by region (North America, Europe, Asia Pacific, Middle East, and RoW). The scope of the report covers detailed information regarding the major factors, such as drivers, restraints, challenges, and opportunities, influencing the growth of the satellites market. A detailed analysis of the key industry players has been done to provide insights into their business overview, solutions, and services; key strategies; Contracts, partnerships, agreements, new product & service launches, mergers and acquisitions, and recent developments associated with the satellites market. Competitive analysis of upcoming startups in the satellites market ecosystem is covered in this report.

Reasons to buy this report:

The report will enable market leaders/new entrants in the market to understand the approximate revenue numbers of the entire market and subsegments. This will help them in developing a complete understanding of the competitive landscape, making well-informed decisions that will place them in the market, and develop effective go-to-market strategies.This report provides several very valuable insights into market dynamics and offers such information concerning crucial factors as a driver, restraints, challenge, and opportunity in order to help different stakeholders gauge the pulse of the market.

The report provides insights on the following pointers:

Analysis of the key driver (Expansion of public-private partnerships enhancing innovation and efficiency in space exploration, Heightened national security requirements driving investments in defense and intelligence satellites, Rising Commercialization of Low Earth Orbit (LEO) for Communication and Earth Observation Applications), restraint (Absence of unified regulations and government policies, Limited coverage and operational complexity of satellites), opportunities (Increasing government investments in space agencies, Rising demand for data analytics), and challenges (Increase in space debris, Complexity in advanced hybrid propulsion system development posing technical and operational challenges), several factors could contribute to an increase in the Satellites market.

  • Market Penetration: Comprehensive information on Satellites solutions offered by the top players in the market
  • Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product & service launches in the Satellites market
  • Market Development: Comprehensive information about lucrative markets – the report analyses the satellites market across varied regions.
  • Market Diversification: Exhaustive information about new products & services, untapped geographies, recent developments, and investments in the satellites market
  • Competitive Assessment: In-depth assessment of market shares, growth strategies, and service offerings of leading players like SPACEX (US), Lockheed Martin Corporation (US), Airbus Defence and Space (Germany), Northrop Grumman (US), Thales Alenia Space (France), L3Harris Technologies, Inc., (US) Terran Orbital Corporation (US), SNC (US), MDA (Canada), OHB SE (Germany), RTX (US), Maxar Technologies (US), Mitsubishi Electric Corporation (MELCO) (Japan), and Planet Labs PBC (US), York Space Systems (US) and Boeing (US) among others in the satellites market

Table of Contents

 

 

1               INTRODUCTION              26

1.1           STUDY OBJECTIVES       26

1.2           MARKET DEFINITION   26

1.3           STUDY SCOPE   27

1.3.1        MARKET SEGMENTATION           27

1.3.2        INCLUSIONS AND EXCLUSIONS 28

1.4           YEARS CONSIDERED      28

1.5           CURRENCY CONSIDERED            28

1.6           STAKEHOLDERS               29

2               RESEARCH METHODOLOGY       30

2.1           RESEARCH DATA              30

2.1.1        SECONDARY DATA          31

2.1.1.1    Key data from secondary sources       32

2.1.2        PRIMARY DATA 32

2.1.2.1    Primary sources    32

2.1.2.2    Key data from primary sources           33

2.1.2.3    Breakdown of primary interviews      33

2.2           FACTOR ANALYSIS          34

2.2.1        INTRODUCTION              34

2.2.2        DEMAND-SIDE INDICATORS      34

2.2.3        SUPPLY-SIDE INDICATORS          34

2.3           MARKET SIZE ESTIMATION         35

2.3.1        BOTTOM-UP APPROACH              35

2.3.1.1    Market size estimation methodology (Demand side)     35

2.3.1.2    Market size illustration: US Earth observation small satellites market size             36

2.3.2        TOP-DOWN APPROACH                37

2.4           DATA TRIANGULATION                38

2.5           RESEARCH ASSUMPTIONS           39

2.6           RESEARCH LIMITATIONS             39

2.7           RISK ASSESSMENT           40

3               EXECUTIVE SUMMARY  41

 

4               PREMIUM INSIGHTS       44

4.1           ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN SATELLITES MARKET     44

4.2           SATELLITES MARKET, BY END USER       44

4.3           SATELLITES MARKET, BY APPLICATION                45

4.4           SATELLITES MARKET, BY COUNTRY       45

5               MARKET OVERVIEW       46

5.1           INTRODUCTION              46

5.2           MARKET DYNAMICS       46

5.2.1        DRIVERS               47

5.2.1.1    Escalating demand for satellite-based PNT services in various sectors    47

5.2.1.2    Increase in public-private partnerships             47

5.2.1.3    Heightened national security requirements     47

5.2.1.4    Rising commercialization of Low Earth Orbit (LEO) for communication and Earth observation applications       48

5.2.2        RESTRAINTS      49

5.2.2.1    Absence of unified regulations and government policies                 49

5.2.2.2    Limited coverage and operational complexity 49

5.2.3        OPPORTUNITIES              50

5.2.3.1    Increasing government investments in space agencies  50

5.2.3.2    Rising demand for data analytics       50

5.2.4        CHALLENGES    51

5.2.4.1    Increase in space debris       51

5.2.4.2    Complexity in advanced hybrid propulsion system development                 51

5.2.4.3    Supply chain management issues      52

5.3           VALUE CHAIN ANALYSIS               52

5.4           TRENDS & DISRUPTIONS IMPACTING CUSTOMER BUSINESS            54

5.5           ECOSYSTEM ANALYSIS  54

5.5.1        PROMINENT COMPANIES            54

5.5.2        PRIVATE AND SMALL ENTERPRISES        54

5.5.3        END USERS         54

5.6           INVESTMENT AND FUNDING SCENARIO               56

5.7           PRICING ANALYSIS          57

5.7.1        AVERAGE SELLING PRICE, BY REGION   57

5.7.2        INDICATIVE PRICING ANALYSIS, BY SATELLITE MASS                 58

5.8           REGULATORY LANDSCAPE         60

5.9           TRADE ANALYSIS             63

5.9.1        IMPORT SCENARIO (HS CODE 880260)    63

5.9.2        EXPORT SCENARIO (HS CODE 880260)    65

 

5.10         KEY STAKEHOLDERS & BUYING CRITERIA            66

5.10.1      KEY STAKEHOLDERS IN BUYING PROCESS           66

5.10.2      BUYING CRITERIA           67

5.11         KEY CONFERENCES & EVENTS, 2024         68

5.12         USE CASE ANALYSIS        69

5.12.1      ICEYE USED ITS SAR SATELLITE CONSTELLATION TO DELIVER REAL-TIME, HIGH-RESOLUTION RADAR IMAGERY UNAFFECTED BY WEATHER CONDITIONS           69

5.12.2      ONEWEB COMPLETED DEPLOYMENT OF ITS LEO SATELLITE CONSTELLATION, OFFERING GLOBAL BROADBAND CONNECTIVITY                69

5.12.3      SPIRE GLOBAL LAUNCHED AN UPGRADED SERVICE INTEGRATING AIS (AUTOMATIC IDENTIFICATION SYSTEM) DATA WITH ADVANCED SATELLITE-BASED ANALYTICS                 70

5.13         TECHNOLOGY ANALYSIS             70

5.13.1      KEY TECHNOLOGIES     70

5.13.1.1  Advanced power systems    70

5.13.1.2  Miniaturization     71

5.13.1.3  Space data analytics              71

5.13.2      COMPLEMENTARY TECHNOLOGIES       71

5.13.2.1  Quantum encryption for satellites     71

5.14         OPERATIONAL DATA     72

5.15         SATELLITES MARKET: BUSINESS MODELS            72

5.16         TOTAL COST OF OWNERSHIP   77

5.17         BILL OF MATERIALS       79

5.18         MACROECONOMIC OUTLOOK  82

5.18.1      INTRODUCTION              82

5.18.2      NORTH AMERICA             82

5.18.3      EUROPE               83

5.18.4      ASIA PACIFIC     83

5.18.5      MIDDLE EAST   83

5.18.6      LATIN AMERICA & AFRICA           83

5.19         IMPACT OF GENERATIVE AI       84

5.19.1      INTRODUCTION              84

5.19.2      ADOPTION OF AI IN SPACE BY TOP COUNTRIES                 85

5.19.3      IMPACT OF AI ON SPACE: USE CASES     86

5.19.4      IMPACT OF AI ON SATELLITES MARKET                87

5.20         TECHNOLOGY ROADMAP            89

5.21         MARKET SCENARIO ANALYSIS   91

5.21.1      MARKET PERSPECTIVE THROUGH SATELLITES LAUNCHED IN DIFFERENT SCENARIOS 91

 

6               INDUSTRY TRENDS         93

6.1           INTRODUCTION              93

6.2           TECHNOLOGY TRENDS                93

6.2.1        ADVANCED MATERIALS                94

6.2.2        ADDITIVE MANUFACTURING    94

6.2.3        GREEN PROPULSION SYSTEMS 94

6.2.4        SATELLITE-TO-CELL CONNECTIVITY    95

6.3           IMPACT OF MEGATRENDS          95

6.3.1        INDUSTRY 4.0    95

6.3.2        AI & ML INTEGRATION 95

6.3.3        SATELLITE-AS-A-SERVICE (SAAS)             96

6.4           SUPPLY CHAIN ANALYSIS             96

6.5           PATENT ANALYSIS          97

7               SATELLITES MARKET, BY SATELLITE MASS         102

7.1           INTRODUCTION              103

7.2           SMALL  104

7.2.1        NEED FOR ROBUST MISSION CAPABILITIES TO DRIVE MARKET               104

7.3           MEDIUM              106

7.3.1        NEED FOR TECHNOLOGICAL ADVANCEMENTS TO DRIVE MARKET 106

7.4           LARGE  108

7.4.1        DEMAND FOR HIGH-CAPACITY TELECOMMUNICATION AND BROADBAND SERVICES TO DRIVE MARKET              108

8               SATELLITES MARKET, BY APPLICATION                110

8.1           INTRODUCTION              111

8.2           COMMUNICATION          112

8.2.1        NEED FOR RELIABLE AND WIDESPREAD CONNECTIVITY TO DRIVE MARKET        112

8.2.2        COMMUNICATION: USE CASE    113

8.3           EARTH OBSERVATION & REMOTE SENSING        113

8.3.1        GROWING DEMAND FOR ACCURATE AND TIMELY DATA FOR ENVIRONMENTAL MONITORING TO DRIVE MARKET                 113

8.3.2        EARTH OBSERVATION & REMOTE SENSING: USE CASE                 114

8.4           OTHER APPLICATIONS 114

8.4.1        SCIENTIFIC RESEARCH  114

8.4.1.1    Satellites facilitate scientific research by helping researchers study meteorology and space observation         114

8.4.2        SCIENTIFIC RESEARCH: USE CASE            115

8.4.3        TECHNOLOGY  115

8.4.3.1    Extensive use of small satellites in missile tracking and threat detection to drive market    115

8.4.4        TECHNOLOGY: USE CASE             116

9               SATELLITES MARKET, BY END USER       117

9.1           INTRODUCTION              118

9.2           COMMERCIAL   119

9.2.1        SATELLITE OPERATORS/OWNERS           119

9.2.1.1    Growing demand for communication services to drive market                 119

9.2.2        MEDIA & ENTERTAINMENT COMPANIES              120

9.2.2.1    Increasing demand for fast broadband connectivity to drive market    120

9.2.3        ENERGY SERVICE PROVIDERS    120

9.2.3.1    Enhanced operational efficiency and monitoring capabilities of satellites to drive market     120

9.2.4        SCIENTIFIC RESEARCH & DEVELOPMENT ORGANIZATIONS             120

9.2.4.1    Increasing use of satellites for data collection to drive market                 120

9.2.5        OTHERS                120

9.3           GOVERNMENT & CIVIL 121

9.3.1        NATIONAL SPACE AGENCIES     121

9.3.1.1    Demand for advanced scientific knowledge and technological capabilities to drive market 121

9.3.2        SEARCH & RESCUE ENTITIES      121

9.3.2.1    Need for enhanced situational awareness and coordination to drive market          121

9.3.3        ACADEMIC & RESEARCH INSTITUTIONS               122

9.3.3.1    Need for data accessibility for scientific research and education to drive market      122

9.3.4        NATIONAL MAPPING & TOPOGRAPHIC AGENCIES                 122

9.3.4.1    Increasing need for accurate and comprehensive geographic data collection to drive market    122

9.4           DEFENSE             122

9.4.1        DEPARTMENT OF DEFENSE & INTELLIGENCE AGENCIES           123

9.4.1.1    Focus on enhanced situational awareness and intelligence gathering to drive market    123

10            SATELLITES MARKET, BY ORBIT               124

10.1         INTRODUCTION              125

10.2         LEO        126

10.3         MEO      127

10.4         GEO       127

10.5         OTHER ORBITS 128

11            SATELLITES MARKET, BY SUBSYSTEM   129

11.1         INTRODUCTION              129

11.2         SATELLITE BUS 129

11.2.1      ATTITUDE & ORBITAL CONTROL SYSTEMS         129

11.2.1.1  Need for precision in satellite positioning to drive market                 129

11.2.2      COMMAND & DATA HANDLING SYSTEMS            129

11.2.2.1  Growing complexity of satellite missions to drive market                 129

11.2.3      ELECTRICAL POWER SYSTEMS  130

11.2.3.1  Focus on enhancing satellite performance to drive market                 130

11.2.4      PROPULSION SYSTEMS 130

11.2.4.1  Chemical propulsion            130

11.2.4.1.1                Need for immediate thrust capabilities to drive market                 130

11.2.4.2  Electric propulsion               130

11.2.4.2.1                Emphasis on enhancing propulsive performance of thrusters to drive market     130

11.2.4.3  Hybrid propulsion                131

11.2.4.3.1                Multi-phase missions requiring rapid maneuvers and long-duration station-keeping to drive market                 131

11.2.5      TELEMETRY, TRACKING, AND COMMAND SYSTEMS                 131

11.2.5.1  Increasing need for effective communication between satellites and ground stations to drive market  131

11.2.6      STRUCTURES     131

11.2.6.1  Expanding capabilities of structural subsystems to drive market                 131

11.2.7      THERMAL SYSTEMS        132

11.2.7.1  Advancements in materials science and thermal management solutions to drive market     132

11.3         PAYLOADS          132

11.3.1      TRADITIONAL PAYLOADS           132

11.3.1.1  Growing demand for enhanced Earth observation capabilities in satellites to drive market     132

11.3.2      SOFTWARE-DEFINED PAYLOADS             133

11.3.2.1  Demand for effective product mapping in commercial industries to drive market      133

11.4         SOLAR PANELS 133

11.4.1      DEPLOYABLE    133

11.4.1.1  Increasing need for high power generation in satellites to drive market    133

11.4.2      STATIC 133

11.4.2.1  Rising demand for cost-effective and reliable solutions for satellite missions to drive market       133

11.5         SATELLITE ANTENNAS 134

11.5.1      SATELLITE ANTENNAS USE ULTRA-HIGH-FREQUENCY BAND THAT SUPPORTS WIDE RANGE OF FREQUENCIES                 134

11.6         OTHER SUBSYSTEMS     134

12            SATELLITES MARKET, BY FREQUENCY  135

12.1         INTRODUCTION              135

12.2         L-BAND                135

12.2.1      ENHANCED SIGNAL RELIABILITY IN L-BAND FREQUENCIES TO DRIVE MARKET           135

 

12.3         S-BAND 135

12.3.1      GROWING SCIENTIFIC MISSIONS TO DRIVE MARKET                 135

12.4         C-BAND                135

12.4.1      DEMAND FOR ROBUST COMMUNICATION SERVICES FROM DEVELOPING REGIONS TO DRIVE MARKET           135

12.5         X-BAND                136

12.5.1      INCREASING GEOPOLITICAL TENSIONS TO DRIVE MARKET               136

12.6         KU-BAND             136

12.6.1      INCREASING NEED FOR HIGH-CAPACITY DATA TRANSMISSION AND BROADBAND INTERNET SERVICES TO DRIVE MARKET 136

12.7         KA-BAND             136

12.7.1      NEED FOR BACKHAUL SOLUTIONS WITH EXPANSION OF 5G TO DRIVE MARKET            136

12.8         Q/V/E-BAND      137

12.8.1      INCREASING DEMAND FOR ULTRA-HIGH-SPEED DATA SERVICES TO DRIVE MARKET     137

12.9         HF/VHF/UHF-BAND       137

12.9.1      NEED FOR LONG-RANGE COMMUNICATION TO DRIVE MARKET               137

12.10       LASER/OPTICAL BAND 137

12.10.1   DEVELOPMENT OF LASER COMMUNICATION TECHNOLOGY BY PROMINENT COMPANIES TO DRIVE MARKET                 137

13            SATELLITES MARKET, BY REGION            138

13.1         INTRODUCTION              139

13.2         NORTH AMERICA             141

13.2.1      PESTLE ANALYSIS            141

13.2.2      US           145

13.2.2.1  Substantial government investments to drive market     145

13.2.3      CANADA               146

13.2.3.1  Government initiatives for space technology development to drive market          146

13.3         EUROPE               147

13.3.1      PESTLE ANALYSIS            148

13.3.2      RUSSIA 151

13.3.2.1  Government’s strategic focus on space to drive market 151

13.3.3      UK          152

13.3.3.1  Need for prioritizing innovation in small satellite technologies to drive market          152

13.3.4      GERMANY           153

13.3.4.1  Emphasis on technological innovation and advanced engineering to drive market      153

13.3.5      FRANCE                155

13.3.5.1  Leadership in space research and satellite innovation to drive market    155

 

13.3.6      ITALY    156

13.3.6.1  Focus on satellite manufacturing to drive market            156

13.4         ASIA PACIFIC     157

13.4.1      PESTLE ANALYSIS            157

13.4.2      CHINA  161

13.4.2.1  Focus on satellite-based infrastructure to drive market 161

13.4.3      INDIA    162

13.4.3.1  Emphasis on space accessibility to drive market              162

13.4.4      JAPAN   163

13.4.4.1  Precision technologies and resilience in space infrastructure to drive market          163

13.4.5      SOUTH KOREA  165

13.4.5.1  Focus on technological innovation and national security to drive market    165

13.4.6      AUSTRALIA         166

13.4.6.1  Space sustainability and regional space leadership to drive market                 166

13.5         MIDDLE EAST   167

13.5.1      PESTLE ANALYSIS            167

13.5.2      GCC       171

13.5.2.1  UAE        171

13.5.2.1.1                Need to enhance space innovation and sovereign satellite capabilities to drive growth  171

13.5.2.2  Saudi Arabia          172

13.5.2.2.1                Focus on national development initiatives to encourage market growth       172

13.5.3      REST OF MIDDLE EAST 174

13.6         REST OF THE WORLD    175

13.6.1      LATIN AMERICA                178

13.6.1.1  Focus on enhanced broadband connectivity in underserved areas to drive market      178

13.6.2      AFRICA 179

13.6.2.1  Need to address connectivity gaps to drive market         179

14            COMPETITIVE LANDSCAPE         181

14.1         INTRODUCTION              181

14.2         KEY PLAYER STRATEGIES/RIGHT TO WIN, 2020–2024                 181

14.3         REVENUE ANALYSIS, 2020–2023  184

14.4         MARKET SHARE ANALYSIS, 2023                 184

14.5         COMPANY EVALUATION MATRIX: KEY PLAYERS, 2023                 188

14.5.1      STARS   188

14.5.2      EMERGING LEADERS     188

14.5.3      PERVASIVE PLAYERS      188

14.5.4      PARTICIPANTS 188

14.5.5      COMPANY FOOTPRINT: KEY PLAYERS, 2023         190

14.6         COMPANY EVALUATION MATRIX: STARTUPS/SMES, 2023        195

14.6.1      PROGRESSIVE COMPANIES         195

14.6.2      RESPONSIVE COMPANIES            195

14.6.3      DYNAMIC COMPANIES  195

14.6.4      STARTING BLOCKS         195

14.6.5      COMPETITIVE BENCHMARKING               197

14.7         COMPANY VALUATION AND FINANCIAL METRICS                 199

14.8         BRAND/PRODUCT COMPARISON             200

14.9         COMPETITIVE SCENARIO AND TRENDS                201

14.9.1      PRODUCT LAUNCHES   201

14.9.2      DEALS  201

14.9.3      OTHER DEVELOPMENTS              205

15            COMPANY PROFILES      218

15.1         KEY PLAYERS     218

15.1.1      SPACEX 218

15.1.1.1  Business overview 218

15.1.1.2  Products/Solutions/Services offered 218

15.1.1.3  Recent developments           219

15.1.1.3.1                Other developments             219

15.1.1.4  MnM view              219

15.1.1.4.1                Right to win           219

15.1.1.4.2                Strategic choices   219

15.1.1.4.3                Weaknesses and competitive threats 220

15.1.2      LOCKHEED MARTIN CORPORATION      221

15.1.2.1  Business overview 221

15.1.2.2  Products/Solutions/Services offered 222

15.1.2.3  Recent developments           224

15.1.2.3.1                Other developments             224

15.1.2.4  MnM view              226

15.1.2.4.1                Right to win           226

15.1.2.4.2                Strategic choices   226

15.1.2.4.3                Weaknesses and competitive threats 226

15.1.3      AIRBUS DEFENCE AND SPACE    227

15.1.3.1  Business overview 227

15.1.3.2  Products/Solutions/Services offered 228

15.1.3.3  Recent developments           233

15.1.3.3.1                Deals      233

15.1.3.3.2                Other developments             233

15.1.3.4  MnM view              235

15.1.3.4.1                Right to win           235

15.1.3.4.2                Strategic choices   235

15.1.3.4.3                Weaknesses and competitive threats 235

15.1.4      NORTHROP GRUMMAN                 236

15.1.4.1  Business overview 236

15.1.4.2  Products/Solutions/Services offered 237

15.1.4.3  Recent developments           239

15.1.4.3.1                Deals      239

15.1.4.3.2                Other developments             240

15.1.4.4  MnM view              240

15.1.4.4.1                Right to win           240

15.1.4.4.2                Strategic choices   241

15.1.4.4.3                Weaknesses and competitive threats 241

15.1.5      THALES ALENIA SPACE 242

15.1.5.1  Business overview 242

15.1.5.2  Products/Solutions/Services offered 243

15.1.5.3  Recent developments           245

15.1.5.3.1                Deals      245

15.1.5.3.2                Other developments             246

15.1.5.4  MnM view              248

15.1.5.4.1                Right to win           248

15.1.5.4.2                Strategic choices   248

15.1.5.4.3                Weaknesses and competitive threats 248

15.1.6      L3HARRIS TECHNOLOGIES, INC.               249

15.1.6.1  Business overview 249

15.1.6.2  Products/Solutions/Services offered 250

15.1.6.3  Recent developments           252

15.1.6.3.1                Deals      252

15.1.6.3.2                Other developments             253

15.1.7      MDA      254

15.1.7.1  Business overview 254

15.1.7.2  Products/Solutions/Services offered 255

15.1.7.3  Recent developments           256

15.1.7.3.1                Other developments             256

15.1.8      PLANET LABS PBC           257

15.1.8.1  Business overview 257

15.1.8.2  Products/Solutions/Services offered 258

15.1.8.3  Recent developments           258

15.1.8.3.1                Product launches  258

15.1.8.3.2                Deals      259

15.1.8.3.3                Other developments             260

 

15.1.9      SNC        261

15.1.9.1  Business overview 261

15.1.9.2  Products/Solutions/Services offered 261

15.1.9.3  Recent developments           262

15.1.9.3.1                Other developments             262

15.1.10   MAXAR TECHNOLOGIES               263

15.1.10.1                 Business overview 263

15.1.10.2                 Products/Solutions/Services offered 264

15.1.10.3                 Recent developments           266

15.1.10.3.1             Other developments             266

15.1.11   MITSUBISHI ELECTRIC CORPORATION 267

15.1.11.1                 Business overview 267

15.1.11.2                 Products/Solutions/Services offered 268

15.1.11.3                 Recent developments           270

15.1.11.3.1             Other developments             270

15.1.12   RTX        271

15.1.12.1                 Business overview 271

15.1.12.2                 Products/Solutions/Services offered 272

15.1.12.3                 Recent developments           274

15.1.12.3.1             Deals      274

15.1.12.3.2             Other developments             275

15.1.13   OHB SE 276

15.1.13.1                 Business overview 276

15.1.13.2                 Products/Solutions/Services offered 277

15.1.13.3                 Recent developments           279

15.1.13.3.1             Deals      279

15.1.13.3.2             Other developments             279

15.1.14   BOEING                280

15.1.14.1                 Business overview 280

15.1.14.2                 Products/Solutions/Services offered 281

15.1.14.3                 Recent developments           282

15.1.14.3.1             Other developments             282

15.1.15   TERRAN ORBITAL CORPORATION           283

15.1.15.1                 Business overview 283

15.1.15.2                 Products/Solutions/Services offered 284

15.1.15.3                 Recent developments           285

15.1.15.3.1             Product launches  285

15.1.15.3.2             Deals      286

15.1.15.3.3             Other developments             286

 

15.1.16   YORK SPACE SYSTEMS  288

15.1.16.1                 Business overview 288

15.1.16.2                 Products/Solutions/Services offered 288

15.1.16.3                 Recent developments           289

15.1.16.3.1             Other developments             289

15.2         OTHER PLAYERS              290

15.2.1      AEROSPACELAB                290

15.2.2      ENDUROSAT      291

15.2.3      NANOAVIONICS               292

15.2.4      ASTRANIS            293

15.2.5      ICEYE    294

15.2.6      PIXXEL 295

15.2.7      FLEET SPACE TECHNOLOGIES PTY LTD                296

15.2.8      KUIPER SYSTEMS LLC    296

15.2.9      ALÉN SPACE       297

15.2.10   SKYKRAFT PTY LTD        298

15.2.11   ARGOTEC S.R.L.                299

16            APPENDIX           300

16.1         DISCUSSION GUIDE        300

16.2         KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL                302

16.3         CUSTOMIZATION OPTIONS        304

16.4         RELATED REPORTS         304

16.5         ANNEXURE         305

16.6         AUTHOR DETAILS           306

 

LIST OF TABLES

 

TABLE 1                USD EXCHANGE RATES, 2019–2023            29

TABLE 2               SATELLITE CONSTELLATIONS INTO LEO ORBIT, BY OWNER          48

TABLE 3                ROLE OF COMPANIES IN ECOSYSTEM    55

TABLE 4                INDICATIVE PRICING LEVELS OF SATELLITES, BY SATELLITE MASS (USD MILLION)      59

TABLE 5                NORTH AMERICA: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS                 60

TABLE 6                EUROPE: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS           60

TABLE 7                ASIA PACIFIC: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS                 61

TABLE 8                MIDDLE EAST: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS                 62

TABLE 9                REST OF THE WORLD: REGULATORY BODIES, GOVERNMENT AGENCIES,

AND OTHER ORGANIZATIONS  62

TABLE 10              IMPORT DATA FOR HS CODE 880260-COMPLIANT PRODUCTS, BY COUNTRY, 2020–2023 (USD THOUSAND)      64

TABLE 11              EXPORT DATA FOR HS CODE 880260-COMPLIANT PRODUCTS, BY COUNTRY, 2020–2023 (USD THOUSAND)      65

TABLE 12              INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS, BY END USER (%)        66

TABLE 13              KEY BUYING CRITERIA, BY APPLICATION                 67

TABLE 14              KEY CONFERENCES & EVENTS, 2024         68

TABLE 15              ACTIVE FLEETS OF SMALL SATELLITES, BY COUNTRY, 2020–2023 (UNITS)    72

TABLE 16              COMPARISON BETWEEN BUSINESS MODELS                 74

TABLE 17              TOTAL COST OF OWNERSHIP: COMPARISON BETWEEN SATELLITES  77

TABLE 18              AVERAGE TOTAL COST OF OWNERSHIP FOR SATELLITES, BY SATELLITE

MASS (USD MILLION)    79

TABLE 19              BILL OF MATERIALS ANALYSIS FOR SATELLITES                 79

TABLE 20              BILL OF MATERIALS: COMPARISON BETWEEN SATELLITES       81

TABLE 21              IMPACT OF AI ON SPACE APPLICATIONS                 87

TABLE 22              PATENT ANALYSIS, 2022–2023     98

TABLE 23              SATELLITES MARKET, BY SATELLITE MASS, 2020–2023 (USD MILLION)            103

TABLE 24              SATELLITES MARKET, BY SATELLITE MASS, 2024–2030 (USD MILLION)            103

TABLE 25              SATELLITES MARKET, BY SATELLITE MASS, 2020–2023 (UNITS)            104

TABLE 26              SATELLITES MARKET, BY SATELLITE MASS, 2024–2030 (UNITS)            104

TABLE 27              PLANNED SATELLITE LAUNCHES FOR MAJOR SATELLITE CONSTELLATIONS,

BY KEY PLAYER, 2024–2030 (UNITS)          104

TABLE 28              STARLINK V1.5: SPECIFICATIONS             105

TABLE 29              S-CLASS SATELLITE: SPECIFICATIONS   106

TABLE 30              SMARTLEO AGILE: SPECIFICATIONS      107

TABLE 31              THALES ALENIA SPACE (TAS) LEO 2000: SPECIFICATIONS              107

TABLE 32              THALES ALENIA SPACE (TAS) SPACEBUS 4000: SPECIFICATIONS              108

TABLE 33              BOEING 702X: SPECIFICATIONS 109

TABLE 34              SATELLITES MARKET, BY APPLICATION, 2020–2023 (USD MILLION)       111

TABLE 35              SATELLITES MARKET, BY APPLICATION, 2024–2030 (USD MILLION)       111

TABLE 36              SATELLITES MARKET, BY APPLICATION, 2020–2023 (UNITS)      112

TABLE 37              SATELLITES MARKET, BY APPLICATION, 2024–2030 (UNITS)      112

TABLE 38              SATELLITES MARKET, BY END USER, 2020–2023 (USD MILLION) 118

TABLE 39              SATELLITES MARKET, BY END USER, 2024–2030 (USD MILLION) 118

TABLE 40              SATELLITES MARKET, BY END USER, 2020–2023 (UNITS)                119

TABLE 41              SATELLITES MARKET, BY END USER, 2024–2030 (UNITS)                119

TABLE 42              SATELLITES MARKET, BY ORBIT, 2020–2023 (USD MILLION)            125

TABLE 43              SATELLITES MARKET, BY ORBIT, 2024–2030 (USD MILLION)            126

TABLE 44              SATELLITES MARKET, BY ORBIT, 2020–2023 (UNITS)                126

TABLE 45              SATELLITES MARKET, BY ORBIT, 2024–2030 (UNITS)                126

TABLE 46              SATELLITES MARKET, BY REGION, 2020–2023 (USD MILLION) 139

TABLE 47              SATELLITES MARKET, BY REGION, 2024–2030 (USD MILLION) 140

TABLE 48              SATELLITES MARKET, BY REGION, 2020–2023 (UNITS)                140

TABLE 49              SATELLITES MARKET, BY REGION, 2024–2030 (UNITS)                140

TABLE 50              NORTH AMERICA: SATELLITES MARKET, BY SATELLITE MASS, 2020–2023 (UNITS)      143

TABLE 51              NORTH AMERICA: SATELLITES MARKET, BY SATELLITE MASS, 2024–2030 (UNITS)      144

TABLE 52              NORTH AMERICA: SATELLITES MARKET, BY APPLICATION, 2020–2023 (UNITS)             144

TABLE 53              NORTH AMERICA: SATELLITES MARKET, BY APPLICATION, 2024–2030 (UNITS)             144

TABLE 54              NORTH AMERICA: SATELLITES MARKET, BY COUNTRY, 2020–2023 (UNITS)    144

TABLE 55              NORTH AMERICA: SATELLITES MARKET, BY COUNTRY, 2024–2030 (UNITS)    145

TABLE 56              US: SATELLITES MARKET, BY SATELLITE MASS, 2020–2023 (UNITS)            145

TABLE 57              US: SATELLITES MARKET, BY SATELLITE MASS, 2024–2030 (UNITS)            145

TABLE 58              US: SATELLITES MARKET, BY APPLICATION, 2020–2023 (UNITS)            146

TABLE 59              US: SATELLITES MARKET, BY APPLICATION, 2024–2030 (UNITS)            146

TABLE 60              CANADA: SATELLITES MARKET, BY SATELLITE MASS, 2020–2023 (UNITS)              146

TABLE 61              CANADA: SATELLITES MARKET, BY SATELLITE MASS, 2024–2030 (UNITS)              147

TABLE 62              CANADA: SATELLITES MARKET, BY APPLICATION, 2020–2023 (UNITS)             147

TABLE 63              CANADA: SATELLITES MARKET, BY APPLICATION, 2024–2030 (UNITS)             147

TABLE 64              EUROPE: SATELLITES MARKET, BY SATELLITE MASS, 2020–2023 (UNITS)              149

TABLE 65              EUROPE: SATELLITES MARKET, BY SATELLITE MASS, 2024–2030 (UNITS)              150

TABLE 66              EUROPE: SATELLITES MARKET, BY APPLICATION, 2020–2023 (UNITS)             150

TABLE 67              EUROPE: SATELLITES MARKET, BY APPLICATION, 2024–2030 (UNITS)             150

TABLE 68              EUROPE: SATELLITES MARKET, BY COUNTRY, 2020–2023 (UNITS)            150

TABLE 69              EUROPE: SATELLITES MARKET, BY COUNTRY, 2024–2030 (UNITS)            151

TABLE 70              RUSSIA: SATELLITES MARKET, BY SATELLITE MASS, 2020–2023 (UNITS)              151

TABLE 71              RUSSIA: SATELLITES MARKET, BY SATELLITE MASS, 2024–2030 (UNITS)              151

TABLE 72             RUSSIA: SATELLITES MARKET, BY APPLICATION, 2020–2023 (UNITS)            152

TABLE 73             RUSSIA: SATELLITES MARKET, BY APPLICATION, 2024–2030 (UNITS)            152

TABLE 74              UK: SATELLITES MARKET, BY SATELLITE MASS, 2020–2023 (UNITS)            152

TABLE 75              UK: SATELLITES MARKET, BY SATELLITE MASS, 2024–2030 (UNITS)            153

TABLE 76              UK: SATELLITES MARKET, BY APPLICATION, 2020–2023 (UNITS)            153

TABLE 77              UK: SATELLITES MARKET, BY APPLICATION, 2024–2030 (UNITS)            153

TABLE 78              GERMANY: SATELLITES MARKET, BY SATELLITE MASS, 2020–2023 (UNITS)              154

TABLE 79              GERMANY: SATELLITES MARKET, BY SATELLITE MASS, 2024–2030 (UNITS)              154

TABLE 80              GERMANY: SATELLITES MARKET, BY APPLICATION, 2020–2023 (UNITS)             154

TABLE 81              GERMANY: SATELLITES MARKET, BY APPLICATION, 2024–2030 (UNITS)             154

TABLE 82              FRANCE: SATELLITES MARKET, BY SATELLITE MASS, 2020–2023 (UNITS)              155

TABLE 83              FRANCE: SATELLITES MARKET, BY SATELLITE MASS, 2024–2030 (UNITS)              155

TABLE 84              FRANCE: SATELLITES MARKET, BY APPLICATION, 2020–2023 (UNITS)             155

TABLE 85              FRANCE: SATELLITES MARKET, BY APPLICATION, 2024–2030 (UNITS)             156

TABLE 86              ITALY: SATELLITES MARKET, BY SATELLITE MASS, 2020–2023 (UNITS)              156

TABLE 87              ITALY: SATELLITES MARKET, BY SATELLITE MASS, 2024–2030 (UNITS)              156

TABLE 88              ITALY: SATELLITES MARKET, BY APPLICATION, 2020–2023 (UNITS)            157

TABLE 89              ITALY: SATELLITES MARKET, BY APPLICATION, 2024–2030 (UNITS)            157

TABLE 90              ASIA PACIFIC: SATELLITES MARKET, BY SATELLITE MASS, 2020–2023 (UNITS)      159

TABLE 91              ASIA PACIFIC: SATELLITES MARKET, BY SATELLITE MASS, 2024–2030 (UNITS)      160

TABLE 92              ASIA PACIFIC: SATELLITES MARKET, BY APPLICATION, 2020–2023 (UNITS)             160

TABLE 93              ASIA PACIFIC: SATELLITES MARKET, BY APPLICATION, 2024–2030 (UNITS)             160

TABLE 94              ASIA PACIFIC: SATELLITES MARKET, BY COUNTRY, 2020–2023 (UNITS)    160

TABLE 95              ASIA PACIFIC: SATELLITES MARKET, BY COUNTRY, 2024–2030 (UNITS)    161

TABLE 96              CHINA: SATELLITES MARKET, BY SATELLITE MASS, 2020–2023 (UNITS)              161

TABLE 97              CHINA: SATELLITES MARKET, BY SATELLITE MASS, 2024–2030 (UNITS)              161

TABLE 98              CHINA: SATELLITES MARKET, BY APPLICATION, 2020–2023 (UNITS)            162

TABLE 99              CHINA: SATELLITES MARKET, BY APPLICATION, 2024–2030 (UNITS)            162

TABLE 100            INDIA: SATELLITES MARKET, BY SATELLITE MASS, 2020–2023 (UNITS)              162

TABLE 101            INDIA: SATELLITES MARKET, BY SATELLITE MASS, 2024–2030 (UNITS)              163

TABLE 102            INDIA: SATELLITES MARKET, BY APPLICATION, 2020–2023 (UNITS)            163

TABLE 103            INDIA: SATELLITES MARKET, BY APPLICATION, 2024–2030 (UNITS)            163

TABLE 104            JAPAN: SATELLITES MARKET, BY SATELLITE MASS, 2020–2023 (UNITS)              164

TABLE 105            JAPAN: SATELLITES MARKET, BY SATELLITE MASS, 2024–2030 (UNITS)              164

TABLE 106            JAPAN: SATELLITES MARKET, BY APPLICATION, 2020–2023 (UNITS)            164

TABLE 107            JAPAN: SATELLITES MARKET, BY APPLICATION, 2024–2030 (UNITS)            164

TABLE 108            SOUTH KOREA: SATELLITES MARKET, BY SATELLITE MASS, 2020–2023 (UNITS)      165

TABLE 109            SOUTH KOREA: SATELLITES MARKET, BY SATELLITE MASS, 2024–2030 (UNITS)      165

TABLE 110            SOUTH KOREA: SATELLITES MARKET, BY APPLICATION, 2020–2023 (UNITS)             165

TABLE 111            SOUTH KOREA: SATELLITES MARKET, BY APPLICATION, 2024–2030 (UNITS)             166

TABLE 112            AUSTRALIA: SATELLITES MARKET, BY SATELLITE MASS, 2020–2023 (UNITS)      166

TABLE 113            AUSTRALIA: SATELLITES MARKET, BY SATELLITE MASS, 2024–2030 (UNITS)      166

TABLE 114            AUSTRALIA: SATELLITES MARKET, BY APPLICATION, 2020–2023 (UNITS)             167

TABLE 115            AUSTRALIA: SATELLITES MARKET, BY APPLICATION, 2024–2030 (UNITS)             167

TABLE 116            MIDDLE EAST: SATELLITES MARKET, BY SATELLITE MASS, 2020–2023 (UNITS)      169

TABLE 117            MIDDLE EAST: SATELLITES MARKET, BY SATELLITE MASS, 2024–2030 (UNITS)      170

TABLE 118            MIDDLE EAST: SATELLITES MARKET, BY APPLICATION, 2020–2023 (UNITS)             170

TABLE 119            MIDDLE EAST: SATELLITES MARKET, BY APPLICATION, 2024–2030 (UNITS)             170

TABLE 120            MIDDLE EAST: SATELLITES MARKET, BY COUNTRY, 2020–2023 (UNITS)    170

TABLE 121            MIDDLE EAST: SATELLITES MARKET, BY COUNTRY, 2024–2030 (UNITS)    171

TABLE 122          UAE: SATELLITES MARKET, BY SATELLITE MASS, 2020–2023 (UNITS)            171

TABLE 123          UAE: SATELLITES MARKET, BY SATELLITE MASS, 2024–2030 (UNITS)            172

TABLE 124            UAE: SATELLITES MARKET, BY APPLICATION, 2020–2023 (UNITS)            172

TABLE 125            UAE: SATELLITES MARKET, BY APPLICATION, 2024–2030 (UNITS)            172

TABLE 126            SAUDI ARABIA: SATELLITES MARKET, BY SATELLITE MASS, 2020–2023 (UNITS)      173

TABLE 127            SAUDI ARABIA: SATELLITES MARKET, BY SATELLITE MASS, 2024–2030 (UNITS)      173

TABLE 128            SAUDI ARABIA: SATELLITES MARKET, BY APPLICATION, 2020–2023 (UNITS)             173

TABLE 129            SAUDI ARABIA: SATELLITES MARKET, BY APPLICATION, 2024–2030 (UNITS)             173

TABLE 130            REST OF MIDDLE EAST: SATELLITES MARKET, BY SATELLITE MASS,

2020–2023 (UNITS)            174

TABLE 131            REST OF MIDDLE EAST: SATELLITES MARKET, BY SATELLITE MASS,

2024–2030 (UNITS)            174

TABLE 132            REST OF MIDDLE EAST: SATELLITES MARKET, BY APPLICATION,

2020–2023 (UNITS)            174

TABLE 133            REST OF MIDDLE EAST: SATELLITES MARKET, BY APPLICATION,

2024–2030 (UNITS)            175

TABLE 134            REST OF THE WORLD: SATELLITES MARKET, BY SATELLITE MASS,

2020–2023 (UNITS)            176

TABLE 135            REST OF THE WORLD: SATELLITES MARKET, BY SATELLITE MASS,

2024–2030 (UNITS)            177

TABLE 136            REST OF THE WORLD: SATELLITES MARKET, BY APPLICATION, 2020–2023 (UNITS)             177

TABLE 137            REST OF THE WORLD: SATELLITES MARKET, BY APPLICATION, 2024–2030 (UNITS)             177

TABLE 138            REST OF THE WORLD: SATELLITES MARKET, BY REGION, 2020–2023 (UNITS)         177

TABLE 139            REST OF THE WORLD: SATELLITES MARKET, BY REGION, 2024–2030 (UNITS)         178

TABLE 140            LATIN AMERICA: SATELLITES MARKET, BY SATELLITE MASS, 2020–2023 (UNITS)      178

TABLE 141            LATIN AMERICA: SATELLITES MARKET, BY SATELLITE MASS, 2024–2030 (UNITS)      178

TABLE 142            LATIN AMERICA: SATELLITES MARKET, BY APPLICATION, 2020–2023 (UNITS)             179

TABLE 143            LATIN AMERICA: SATELLITES MARKET, BY APPLICATION, 2024–2030 (UNITS)             179

TABLE 144            AFRICA: SATELLITES MARKET, BY SATELLITE MASS, 2020–2023 (UNITS)              179

TABLE 145            AFRICA: SATELLITES MARKET, BY SATELLITE MASS, 2024–2030 (UNITS)              180

TABLE 146            AFRICA: SATELLITES MARKET, BY APPLICATION, 2020–2023 (UNITS)             180

TABLE 147            AFRICA: SATELLITES MARKET, BY APPLICATION, 2024–2030 (UNITS)             180

TABLE 148            KEY PLAYER STRATEGIES/RIGHT TO WIN, 2020–2024        181

TABLE 149            SATELLITES MARKET: DEGREE OF COMPETITION 185

TABLE 150            VOLUME BREAKDOWN FOR SATELLITES LAUNCHED IN 2023         187

TABLE 151            END USER FOOTPRINT 191

TABLE 152            ORBIT FOOTPRINT         192

TABLE 153            SATELLITE MASS FOOTPRINT   193

TABLE 154            REGIONAL FOOTPRINT                 194

TABLE 155            DETAILED LIST OF STARTUPS/SMES      197

TABLE 156            COMPETITIVE BENCHMARKING OF STARTUPS/SMES              198

TABLE 157            SATELLITES MARKET: PRODUCT LAUNCHES, JANUARY 2020–OCTOBER 2024   201

TABLE 158            SATELLITES MARKET: DEALS, JANUARY 2020–OCTOBER 2024  201

TABLE 159            SATELLITES MARKET: OTHER DEVELOPMENTS, JANUARY 2020–OCTOBER 2024   205

TABLE 160            SPACEX: COMPANY OVERVIEW 218

TABLE 161            SPACEX: PRODUCTS/SOLUTIONS/SERVICES OFFERED             218

TABLE 162            SPACEX: OTHER DEVELOPMENTS           219

TABLE 163            LOCKHEED MARTIN CORPORATION: COMPANY OVERVIEW          221

TABLE 164            LOCKHEED MARTIN CORPORATION: PRODUCTS/SOLUTIONS/SERVICES OFFERED    222

TABLE 165            LOCKHEED MARTIN CORPORATION: OTHER DEVELOPMENTS              224

TABLE 166            AIRBUS DEFENCE AND SPACE: COMPANY OVERVIEW          227

TABLE 167            AIRBUS DEFENCE AND SPACE: PRODUCTS/SOLUTIONS/SERVICES OFFERED    228

TABLE 168            AIRBUS DEFENCE AND SPACE: DEALS    233

TABLE 169            AIRBUS DEFENCE AND SPACE: OTHER DEVELOPMENTS              233

TABLE 170            NORTHROP GRUMMAN: COMPANY OVERVIEW                 236

TABLE 171            NORTHROP GRUMMAN: PRODUCTS/SOLUTIONS/SERVICES OFFERED    237

TABLE 172            NORTHROP GRUMMAN: DEALS                 239

TABLE 173            NORTHROP GRUMMAN: OTHER DEVELOPMENTS              240

TABLE 174            THALES ALENIA SPACE: COMPANY OVERVIEW                 242

TABLE 175            THALES ALENIA SPACE: PRODUCTS/SOLUTIONS/SERVICES OFFERED    243

TABLE 176            THALES ALENIA SPACE: DEALS 245

TABLE 177            THALES ALENIA SPACE: OTHER DEVELOPMENTS              246

TABLE 178            L3HARRIS TECHNOLOGIES, INC.: COMPANY OVERVIEW          249

TABLE 179            L3HARRIS TECHNOLOGIES, INC.: PRODUCTS/SOLUTIONS/SERVICES OFFERED    250

TABLE 180            L3HARRIS TECHNOLOGIES, INC.: DEALS                 252

TABLE 181            L3HARRIS TECHNOLOGIES, INC.: OTHER DEVELOPMENTS              253

TABLE 182            MDA: COMPANY OVERVIEW       254

TABLE 183            MDA: PRODUCTS/SOLUTIONS/SERVICES OFFERED             255

TABLE 184            MDA: OTHER DEVELOPMENTS 256

TABLE 185            PLANET LABS PBC: COMPANY OVERVIEW                 257

TABLE 186            PLANET LABS PBC: PRODUCTS/SOLUTIONS/SERVICES OFFERED    258

TABLE 187            PLANET LABS PBC: PRODUCT LAUNCHES                 258

TABLE 188            PLANET LABS PBC: DEALS           259

TABLE 189            PLANET LABS PBC: OTHER DEVELOPMENTS                 260

TABLE 190            SNC: COMPANY OVERVIEW         261

TABLE 191            SNC: PRODUCTS/SOLUTIONS/SERVICES OFFERED             261

TABLE 192            SNC: OTHER DEVELOPMENTS   262

TABLE 193            MAXAR TECHNOLOGIES: COMPANY OVERVIEW                 263

TABLE 194            MAXAR TECHNOLOGIES: PRODUCTS/SOLUTIONS/SERVICES OFFERED    264

TABLE 195            MAXAR TECHNOLOGIES: OTHER DEVELOPMENTS              266

TABLE 196            MITSUBISHI ELECTRIC CORPORATION: COMPANY OVERVIEW   267

TABLE 197            MITSUBISHI ELECTRIC CORPORATION: PRODUCTS/SOLUTIONS/SERVICES OFFERED    268

TABLE 198            MITSUBISHI ELECTRIC CORPORATION: OTHER DEVELOPMENTS              270

TABLE 199            RTX: COMPANY OVERVIEW         271

TABLE 200            RTX: PRODUCTS/SOLUTIONS/SERVICES OFFERED             272

TABLE 201            RTX: DEALS        274

TABLE 202            RTX: OTHER DEVELOPMENTS   275

TABLE 203            OHB SE: COMPANY OVERVIEW 276

TABLE 204            OHB SE: PRODUCTS/SOLUTIONS/SERVICES OFFERED             277

TABLE 205            OHB SE: DEALS 279

TABLE 206            OHB SE: OTHER DEVELOPMENTS            279

TABLE 207            BOEING: COMPANY OVERVIEW 280

TABLE 208            BOEING: PRODUCTS/SOLUTIONS/SERVICES OFFERED             281

TABLE 209            BOEING: OTHER DEVELOPMENTS           282

TABLE 210            TERRAN ORBITAL CORPORATION: COMPANY OVERVIEW          283

TABLE 211            TERRAN ORBITAL CORPORATION: PRODUCTS/SOLUTIONS/SERVICES OFFERED    284

TABLE 212            TERRAN ORBITAL CORPORATION: PRODUCT LAUNCHES          285

TABLE 213            TERRAN ORBITAL CORPORATION: DEALS                 286

TABLE 214            TERRAN ORBITAL CORPORATION: OTHER DEVELOPMENTS              286

TABLE 215            YORK SPACE SYSTEMS: COMPANY OVERVIEW                 288

TABLE 216            YORK SPACE SYSTEMS: PRODUCTS/SOLUTIONS/SERVICES OFFERED    288

TABLE 217            YORK SPACE SYSTEMS: OTHER DEVELOPMENTS              289

TABLE 218            AEROSPACELAB: COMPANY OVERVIEW                 290

TABLE 219            ENDUROSAT: COMPANY OVERVIEW      291

TABLE 220            NANOAVIONICS: COMPANY OVERVIEW                 292

TABLE 221            ASTRANIS: COMPANY OVERVIEW             293

TABLE 222            ICEYE: COMPANY OVERVIEW     294

TABLE 223            PIXXEL: COMPANY OVERVIEW  295

TABLE 224            FLEET SPACE TECHNOLOGIES PTY LTD: COMPANY OVERVIEW   296

TABLE 225            KUIPER SYSTEMS LLC: COMPANY OVERVIEW                 296

TABLE 226            ALÉN SPACE: COMPANY OVERVIEW        297

TABLE 227            SKYKRAFT: COMPANY OVERVIEW            298

TABLE 228            ARGOTEC S.R.L.: COMPANY OVERVIEW 299

TABLE 229            SATELLITES MARKET: OTHER MAPPED COMPANIES       305

 

 

LIST OF FIGURES

 

FIGURE 1              RESEARCH DESIGN MODEL         30

FIGURE 2              RESEARCH DESIGN         31

FIGURE 3              BOTTOM-UP APPROACH              36

FIGURE 4              TOP-DOWN APPROACH                37

FIGURE 5              DATA TRIANGULATION                38

FIGURE 6              SMALL SEGMENT TO BE LARGEST MARKET DURING FORECAST PERIOD       41

FIGURE 7              COMMUNICATION SEGMENT TO ACCOUNT FOR LARGEST SHARE DURING FORECAST PERIOD          42

FIGURE 8              LEO SEGMENT TO ACQUIRE MAXIMUM SHARE DURING FORECAST PERIOD       42

FIGURE 9              ASIA PACIFIC TO BE LARGEST MARKET IN 2024                 43

FIGURE 10            INCREASING USE OF SMALL SATELLITES FOR TRACKING, MONITORING,

AND SURVEILLANCE TO DRIVE MARKET GROWTH          44

FIGURE 11            COMMERCIAL SEGMENT TO BE DOMINANT SEGMENT IN 2024             44

FIGURE 12            COMMUNICATION SEGMENT TO LEAD MARKET DURING FORECAST PERIOD    45

FIGURE 13            INDIA TO BE FASTEST-GROWING MARKET DURING FORECAST PERIOD       45

FIGURE 14            SATELLITES MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES     46

FIGURE 15            SPACE JUNK ANALYSIS, 2023        51

FIGURE 16            VALUE CHAIN ANALYSIS               52

FIGURE 17            TRENDS & DISRUPTIONS IMPACTING CUSTOMER BUSINESS   54

FIGURE 18            ECOSYSTEM ANALYSIS  55

FIGURE 19            VENTURE CAPITAL FUNDING, 2019–2023 (USD BILLION)             56

FIGURE 20            EQUITY INVESTMENT IN SATELLITES, BY INVESTOR TYPE, 2023     57

FIGURE 21           SATELLITES MARKET: AVERAGE SELLING PRICE, BY REGION,

2020–2023 (USD MILLION)            58

FIGURE 22            INDICATIVE PRICING ANALYSIS, BY SATELLITE MASS     59

FIGURE 23            IMPORT DATA FOR HS CODE 880260-COMPLIANT PRODUCTS, BY COUNTRY, 2020–2023 (USD THOUSAND)      63

FIGURE 24            EXPORT DATA FOR HS CODE 880260-COMPLIANT PRODUCTS, BY COUNTRY, 2020–2023 (USD THOUSAND)      65

FIGURE 25            INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS, BY END USER                66

FIGURE 26            KEY BUYING CRITERIA, BY APPLICATION                 67

FIGURE 27            SATELLITES MARKET: BUSINESS MODELS                 73

FIGURE 28            BUSINESS MODELS IN SATELLITE MANUFACTURING          75

FIGURE 29            BREAKDOWN OF TOTAL COST OF OWNERSHIP                 78

FIGURE 30            OVERALL COST OF OWNERSHIP FOR DIFFERENT SATELLITE PLATFORMS       78

FIGURE 31            BILL OF MATERIALS FOR LARGE SATELLITES                 80

FIGURE 32            BILL OF MATERIALS FOR MEDIUM SATELLITES                 80

FIGURE 33            BILL OF MATERIALS FOR SMALL SATELLITES                 81

FIGURE 34            ADOPTION OF AI IN SPACE         84

FIGURE 35            ADOPTION OF AI IN SPACE, BY TOP COUNTRY                 85

FIGURE 36            IMPACT OF AI ON SATELLITE PLATFORMS                 87

FIGURE 37            IMPACT OF AI ON SATELLITES MARKET                 88

FIGURE 38            TECHNOLOGY ROADMAP            89

FIGURE 39            EVOLUTION OF SATELLITE TECHNOLOGIES                 90

FIGURE 40            EMERGING TECHNOLOGY TRENDS        90

FIGURE 41            SATELLITE LAUNCHES, 2025–2030             91

FIGURE 42            TECHNOLOGY TRENDS                93

FIGURE 43            SUPPLY CHAIN ANALYSIS             97

FIGURE 44            PATENT ANALYSIS, 2013–2023     97

FIGURE 45            SATELLITES MARKET, BY SATELLITE MASS, 2024 VS. 2030 (UNITS)               103

FIGURE 46           SATELLITES MARKET, BY APPLICATION, 2024 VS. 2030 (UNITS)      111

FIGURE 47            SATELLITES MARKET, BY END USER, 2024 VS. 2030 (UNITS)      118

FIGURE 48            SATELLITES MARKET, BY ORBIT, 2024 VS. 2030 (UNITS)                125

FIGURE 49            SATELLITES MARKET, BY REGION            139

FIGURE 50            NORTH AMERICA: SATELLITES MARKET SNAPSHOT          143

FIGURE 51            EUROPE: SATELLITES MARKET SNAPSHOT                 149

FIGURE 52            ASIA PACIFIC: SATELLITES MARKET SNAPSHOT                 159

FIGURE 53            MIDDLE EAST: SATELLITES MARKET SNAPSHOT          169

FIGURE 54            REST OF THE WORLD: SATELLITES MARKET SNAPSHOT          176

FIGURE 55            REVENUE ANALYSIS OF TOP FOUR PLAYERS, 2020–2023 (USD BILLION)             184

FIGURE 56            MARKET SHARE ANALYSIS OF KEY PLAYERS, 2023        185

FIGURE 57            VOLUME ANALYSIS OF SATELLITES LAUNCHED IN 2023  187

FIGURE 58            SATELLITES MARKET: COMPANY EVALUATION MATRIX (KEY PLAYERS), 2023     189

FIGURE 59            COMPANY FOOTPRINT 190

FIGURE 60            SATELLITES MARKET: COMPANY EVALUATION MATRIX (STARTUPS/SMES), 2023               196

FIGURE 61            COMPANY VALUATION, 2023      199

FIGURE 62            EV/EBITDA, 2023               199

FIGURE 63            BRAND/PRODUCT COMPARISON             200

FIGURE 64            LOCKHEED MARTIN CORPORATION: COMPANY SNAPSHOT          222

FIGURE 65            AIRBUS DEFENCE AND SPACE: COMPANY SNAPSHOT          228

FIGURE 66            NORTHROP GRUMMAN: COMPANY SNAPSHOT                 237

FIGURE 67            THALES ALENIA SPACE: COMPANY SNAPSHOT                 243

FIGURE 68            L3HARRIS TECHNOLOGIES, INC.: COMPANY SNAPSHOT          250

FIGURE 69            MDA: COMPANY SNAPSHOT       255

FIGURE 70            PLANET LABS PBC: COMPANY SNAPSHOT                 257

FIGURE 71            MAXAR TECHNOLOGIES: COMPANY SNAPSHOT                 264

FIGURE 72            MITSUBISHI ELECTRIC CORPORATION: COMPANY SNAPSHOT   268

FIGURE 73            RTX: COMPANY SNAPSHOT        272

FIGURE 74            OHB SE: COMPANY SNAPSHOT 277

FIGURE 75            BOEING: COMPANY SNAPSHOT                 281

FIGURE 76            TERRAN ORBITAL CORPORATION: COMPANY SNAPSHOT          284