Satellite Components Market Strategies and Share 2031
The main components of a satellite consist of the communications system, which includes the antennas and transponders that receive and retransmit signals, the power system, which includes the solar panels that provide power, and the propulsion system, which includes the rockets that propel the satellite. Satellites can gather huge data in a very quick time as compared to instruments used on the earth. Satellites can also observe into space in a better way than telescopes on the surface of Earth because they fly on the clouds, molecules & dust within the environment. The market is further Segmented into satellite configuration and components.
MARKET SCOPE
The satellite components market analysis from 2021 to 2031" is a specialized and in-depth study with a special focus on the global market trend analysis. The report aims to provide an overview of the satellite components market with detailed market segmentation by satellite configuration and components. The report provides key statistics on the market status of the leading satellite components market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
On the basis of Satellite configuration, the market is segmented into LEO, MEO and GEO
On the basis of components, the market is segmented into a communication system, control system and others.
MARKET DYNAMICS
Drivers- Utilization of satellites for defense and military purpose applications. Increment in the government investment in space technology.
Restraints- government laws associated with space launch programs and satellite components hamper the growth of the market.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The satellite component market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both the demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trends. The report also provides exhaustive porter's five forces analysis evaluating the factors affecting the satellite component market in these regions.
Impact of Covid-19 on Satellite Component Market
The satellite component market was not very much impacted during the covid 19 pandemic as there is continuous need and demand in the defence, government and commercial sectors. Although Consumer demand had been slightly affected as individuals were more keen on getting most essential demands fulfilled and reducing non-essential demands. Also during the lockdown when all the manufacturing industries were closed there was a slight decline in the production of satellite components as well, also when the government started lifting up the regulations the Satellite Components Market came in full power again and companies like AAC Clyde Space, DHV Technologies and ISISPACE Group have tried to get back on their toes as soon and as effectively as possible
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The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The satellite component market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both the demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trends. The report also provides exhaustive porter's five forces analysis evaluating the factors affecting the satellite component market in these regions.
Impact of Covid-19 on Satellite Component Market
The satellite component market was not very much impacted during the covid 19 pandemic as there is continuous need and demand in the defence, government and commercial sectors. Although Consumer demand had been slightly affected as individuals were more keen on getting most essential demands fulfilled and reducing non-essential demands. Also during the lockdown when all the manufacturing industries were closed there was a slight decline in the production of satellite components as well, also when the government started lifting up the regulations the Satellite Components Market came in full power again and companies like AAC Clyde Space, DHV Technologies and ISISPACE Group have tried to get back on their toes as soon and as effectively as possible
MARKET PLAYERS
The report covers key developments in the satellite component market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market players from satellite component market are anticipated to have lucrative growth opportunities in the future with the rising demand for satellite component market in the global market. Below mentioned is the list of few companies engaged in the satellite component market.
The report also includes the profiles of key players in the satellite component market along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.
- Sat-Lite Technologies
- Viking Satcom
- Challenger Communication
- JONSA TECHNOLOGIES CO., LTD.
- Honeywell International Inc
- IHI Corporation
- ArianeGroup GmbH
- Safran
- Accion Systems
- AVIO SPA
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Satellite Components Market - By Satellite Configuration
1.3.2 Satellite Components Market - By Components
1.3.3 Satellite Components Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. SATELLITE COMPONENTS MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PORTER'S FIVE FORCES ANALYSIS
4.2.1 Bargaining Power of Buyers
4.2.1 Bargaining Power of Suppliers
4.2.1 Threat of Substitute
4.2.1 Threat of New Entrants
4.2.1 Competitive Rivalry
4.3. ECOSYSTEM ANALYSIS
4.4. EXPERT OPINIONS
5. SATELLITE COMPONENTS MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS
6. SATELLITE COMPONENTS MARKET - GLOBAL MARKET ANALYSIS
6.1. SATELLITE COMPONENTS - GLOBAL MARKET OVERVIEW
6.2. SATELLITE COMPONENTS - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. SATELLITE COMPONENTS MARKET - REVENUE AND FORECASTS TO 2028 - SATELLITE CONFIGURATION
7.1. OVERVIEW
7.2. SATELLITE CONFIGURATION MARKET FORECASTS AND ANALYSIS
7.3. LEO
7.3.1. Overview
7.3.2. LEO Market Forecast and Analysis
7.4. MEO
7.4.1. Overview
7.4.2. MEO Market Forecast and Analysis
7.5. GEO
7.5.1. Overview
7.5.2. GEO Market Forecast and Analysis
8. SATELLITE COMPONENTS MARKET - REVENUE AND FORECASTS TO 2028 - COMPONENTS
8.1. OVERVIEW
8.2. COMPONENTS MARKET FORECASTS AND ANALYSIS
8.3. COMMUNICATION SYSTEM
8.3.1. Overview
8.3.2. Communication System Market Forecast and Analysis
8.4. ANTENNA COMMAND AND CONTROL SYSTEM
8.4.1. Overview
8.4.2. Antenna Command and Control System Market Forecast and Analysis
8.5. TRANSPONDERS POWER SYSTEM
8.5.1. Overview
8.5.2. Transponders Power System Market Forecast and Analysis
8.6. PROPULSION SYSTEM. CONVENTIONAL ELECTRIC
8.6.1. Overview
8.6.2. Propulsion System. Conventional Electric Market Forecast and Analysis
8.7. OTHERS
8.7.1. Overview
8.7.2. Others Market Forecast and Analysis
9. SATELLITE COMPONENTS MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Satellite Components Market Overview
9.1.2 North America Satellite Components Market Forecasts and Analysis
9.1.3 North America Satellite Components Market Forecasts and Analysis - By Satellite Configuration
9.1.4 North America Satellite Components Market Forecasts and Analysis - By Components
9.1.5 North America Satellite Components Market Forecasts and Analysis - By Countries
9.1.5.1 United States Satellite Components Market
9.1.5.1.1 United States Satellite Components Market by Satellite Configuration
9.1.5.1.2 United States Satellite Components Market by Components
9.1.5.2 Canada Satellite Components Market
9.1.5.2.1 Canada Satellite Components Market by Satellite Configuration
9.1.5.2.2 Canada Satellite Components Market by Components
9.1.5.3 Mexico Satellite Components Market
9.1.5.3.1 Mexico Satellite Components Market by Satellite Configuration
9.1.5.3.2 Mexico Satellite Components Market by Components
9.1.5.4 US Satellite Components Market
9.1.5.4.1 US Satellite Components Market by Satellite Configuration
9.1.5.4.2 US Satellite Components Market by Components
9.2. EUROPE
9.2.1 Europe Satellite Components Market Overview
9.2.2 Europe Satellite Components Market Forecasts and Analysis
9.2.3 Europe Satellite Components Market Forecasts and Analysis - By Satellite Configuration
9.2.4 Europe Satellite Components Market Forecasts and Analysis - By Components
9.2.5 Europe Satellite Components Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Satellite Components Market
9.2.5.1.1 Germany Satellite Components Market by Satellite Configuration
9.2.5.1.2 Germany Satellite Components Market by Components
9.2.5.2 France Satellite Components Market
9.2.5.2.1 France Satellite Components Market by Satellite Configuration
9.2.5.2.2 France Satellite Components Market by Components
9.2.5.3 Italy Satellite Components Market
9.2.5.3.1 Italy Satellite Components Market by Satellite Configuration
9.2.5.3.2 Italy Satellite Components Market by Components
9.2.5.4 Spain Satellite Components Market
9.2.5.4.1 Spain Satellite Components Market by Satellite Configuration
9.2.5.4.2 Spain Satellite Components Market by Components
9.2.5.5 United Kingdom Satellite Components Market
9.2.5.5.1 United Kingdom Satellite Components Market by Satellite Configuration
9.2.5.5.2 United Kingdom Satellite Components Market by Components
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Satellite Components Market Overview
9.3.2 Asia-Pacific Satellite Components Market Forecasts and Analysis
9.3.3 Asia-Pacific Satellite Components Market Forecasts and Analysis - By Satellite Configuration
9.3.4 Asia-Pacific Satellite Components Market Forecasts and Analysis - By Components
9.3.5 Asia-Pacific Satellite Components Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Satellite Components Market
9.3.5.1.1 Australia Satellite Components Market by Satellite Configuration
9.3.5.1.2 Australia Satellite Components Market by Components
9.3.5.2 China Satellite Components Market
9.3.5.2.1 China Satellite Components Market by Satellite Configuration
9.3.5.2.2 China Satellite Components Market by Components
9.3.5.3 India Satellite Components Market
9.3.5.3.1 India Satellite Components Market by Satellite Configuration
9.3.5.3.2 India Satellite Components Market by Components
9.3.5.4 Japan Satellite Components Market
9.3.5.4.1 Japan Satellite Components Market by Satellite Configuration
9.3.5.4.2 Japan Satellite Components Market by Components
9.3.5.5 Rest of Asia-Pacific Satellite Components Market
9.3.5.5.1 Rest of Asia-Pacific Satellite Components Market by Satellite Configuration
9.3.5.5.2 Rest of Asia-Pacific Satellite Components Market by Components
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Satellite Components Market Overview
9.4.2 Middle East and Africa Satellite Components Market Forecasts and Analysis
9.4.3 Middle East and Africa Satellite Components Market Forecasts and Analysis - By Satellite Configuration
9.4.4 Middle East and Africa Satellite Components Market Forecasts and Analysis - By Components
9.4.5 Middle East and Africa Satellite Components Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Satellite Components Market
9.4.5.1.1 South Africa Satellite Components Market by Satellite Configuration
9.4.5.1.2 South Africa Satellite Components Market by Components
9.4.5.2 Saudi Arabia Satellite Components Market
9.4.5.2.1 Saudi Arabia Satellite Components Market by Satellite Configuration
9.4.5.2.2 Saudi Arabia Satellite Components Market by Components
9.4.5.3 U.A.E Satellite Components Market
9.4.5.3.1 U.A.E Satellite Components Market by Satellite Configuration
9.4.5.3.2 U.A.E Satellite Components Market by Components
9.4.5.4 Rest of Middle East and Africa Satellite Components Market
9.4.5.4.1 Rest of Middle East and Africa Satellite Components Market by Satellite Configuration
9.4.5.4.2 Rest of Middle East and Africa Satellite Components Market by Components
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Satellite Components Market Overview
9.5.2 South and Central America Satellite Components Market Forecasts and Analysis
9.5.3 South and Central America Satellite Components Market Forecasts and Analysis - By Satellite Configuration
9.5.4 South and Central America Satellite Components Market Forecasts and Analysis - By Components
9.5.5 South and Central America Satellite Components Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Satellite Components Market
9.5.5.1.1 Brazil Satellite Components Market by Satellite Configuration
9.5.5.1.2 Brazil Satellite Components Market by Components
9.5.5.2 Argentina Satellite Components Market
9.5.5.2.1 Argentina Satellite Components Market by Satellite Configuration
9.5.5.2.2 Argentina Satellite Components Market by Components
9.5.5.3 Chile Satellite Components Market
9.5.5.3.1 Chile Satellite Components Market by Satellite Configuration
9.5.5.3.2 Chile Satellite Components Market by Components
9.5.5.4 Rest of South and Central America Satellite Components Market
9.5.5.4.1 Rest of South and Central America Satellite Components Market by Satellite Configuration
9.5.5.4.2 Rest of South and Central America Satellite Components Market by Components
10. INDUSTRY LANDSCAPE
10.1. MERGERS AND ACQUISITIONS
10.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3. NEW PRODUCT LAUNCHES
10.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
11. SATELLITE COMPONENTS MARKET, KEY COMPANY PROFILES
11.1. SAT-LITE TECHNOLOGIES
11.1.1. Key Facts
11.1.2. Business Description
11.1.3. Products and Services
11.1.4. Financial Overview
11.1.5. SWOT Analysis
11.1.6. Key Developments
11.2. VIKING SATCOM
11.2.1. Key Facts
11.2.2. Business Description
11.2.3. Products and Services
11.2.4. Financial Overview
11.2.5. SWOT Analysis
11.2.6. Key Developments
11.3. CHALLENGER COMMUNICATION
11.3.1. Key Facts
11.3.2. Business Description
11.3.3. Products and Services
11.3.4. Financial Overview
11.3.5. SWOT Analysis
11.3.6. Key Developments
11.4. JONSA TECHNOLOGIES CO., LTD.
11.4.1. Key Facts
11.4.2. Business Description
11.4.3. Products and Services
11.4.4. Financial Overview
11.4.5. SWOT Analysis
11.4.6. Key Developments
11.5. HONEYWELL INTERNATIONAL INC
11.5.1. Key Facts
11.5.2. Business Description
11.5.3. Products and Services
11.5.4. Financial Overview
11.5.5. SWOT Analysis
11.5.6. Key Developments
11.6. IHI CORPORATION
11.6.1. Key Facts
11.6.2. Business Description
11.6.3. Products and Services
11.6.4. Financial Overview
11.6.5. SWOT Analysis
11.6.6. Key Developments
11.7. ARIANEGROUP GMBH
11.7.1. Key Facts
11.7.2. Business Description
11.7.3. Products and Services
11.7.4. Financial Overview
11.7.5. SWOT Analysis
11.7.6. Key Developments
11.8. SAFRAN
11.8.1. Key Facts
11.8.2. Business Description
11.8.3. Products and Services
11.8.4. Financial Overview
11.8.5. SWOT Analysis
11.8.6. Key Developments
11.9. ACCION SYSTEMS
11.9.1. Key Facts
11.9.2. Business Description
11.9.3. Products and Services
11.9.4. Financial Overview
11.9.5. SWOT Analysis
11.9.6. Key Developments
11.10. AVIO SPA
11.10.1. Key Facts
11.10.2. Business Description
11.10.3. Products and Services
11.10.4. Financial Overview
11.10.5. SWOT Analysis
11.10.6. Key Developments
12. APPENDIX
12.1. ABOUT THE INSIGHT PARTNERS
12.2. GLOSSARY OF TERMS
1.Sat-Lite Technologies
2.Viking Satcom
3.Challenger Communication
4.JONSA TECHNOLOGIES CO., LTD.
5.Honeywell International Inc
6.IHI Corporation
7.ArianeGroup GmbH
8.Safran
9.Accion Systems
10.AVIO SPA
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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