Geostationary Satellites Market Trends and Growth (2021-2031)
The geostationary satellites market size is projected to reach US$ 8.28 billion by 2031 from US$ 6.19 billion in 2023. The market is expected to register a CAGR of 3.7% during 2023–2031. Deployment of software-defined electric systems is likely to remain a key trend in the market.
Geostationary Satellites Market Analysis
The increasing investment in the space sector boosts the geostationary satellites market growth. For instance, in May 2024, SKY Perfect JSAT, the Japanese flagship operator, ordered a communications satellite from Europe's Thales Alenia Space for launching in 2027. This geostationary satellite will provide broadband connectivity across Japan, Australia, New Zealand, Southeast Asia, and Pacific island countries. JSAT-31 will be based on Thales Alenia Space's software-defined Space INSPIRE (Instant Space In-orbit Reconfiguration) platform, which would enable the operator to adjust its Ka and Ku-band capacity while in GEO to meet changing mission needs. Eiichi Yonekura, SKY Perfect JSAT's president and CEO, said JSAT-31 would have nearly 50 gigabits per second of capacity, the largest in its fleet of 17 satellites.
The geostationary satellites market is witnessing strong growth and development globally in the space sector, owing to their rising adoption in spacecraft. Increased funding and investments in satellite launching programs reflect a growing focus on space exploration, satellite deployment, and space-based services. The public sector propels the demand for heavy- and super-heavy-lift space launch services, whereas the private sector leads the demand for small- and medium-lift satellites. For instance, in April 2023, The Indian Space and Research Organization (ISRO) successfully launched GSAT-29, one of the Geostationary communication satellites, through the Geosynchronous Satellite Launch Vehicle Mark III (GSLV Mk III). GSLV Mk III has successfully launched the satellite in geosynchronous transfer orbit (GTO), which is further placed in the geostationary orbit.
Geostationary Satellites Market Overview
Geostationary satellites revolve in the geostationary orbits that are ~36,000 km above the Earth's equator. These satellites are best known for a wide range of applications, including telecommunication, earth observation, and space exploration. In telecommunication, these satellites are used to improve connectivity and increase internet speed.
The space sector is driven by the rising number of satellite launches and the increasing investments by private and government authorities. In addition, the growing focus on deploying satellites in geostationary orbits is boosting the geostationary satellites market growth.
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Geostationary Satellites Market: Strategic Insights
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Geostationary Satellites Market Drivers and Opportunities
Increasing Demand for Long-Range Communication Coverage Through Satellite Network
The rising need for longer coverage satellites for satellite-based communication operations is driving the demand for geostationary satellites. Several countries have been pushing their respective investments for the procurement of GEO satellites for scheduled space launch programs. For instance:
- In May 2023, SKY Perfect JSAT placed an order for the JSAT-31 satellite to Thales Alenia Space for a launch in 2027 for establishing broadband communication across different APAC locations, including Australia, Japan, Southeast Asia, New Zealand, and the Pacific Islands.
- In March 2024, Astranis announced a new partnership with Orbith, a fast-growing Latin American internet service provider, to provide a dedicated MicroGEO communications satellite for Argentina.
- In March 2024, Thaicom placed an order for a small geostationary satellite from Astranis to provide broadband services across multiple remote locations in Asia. This satellite is expected to be launched in 2025.
- In April 2024, Astranis announced its next-generation product, "Astranis Omega," which is a broadband communications system with better pound-for-pound performance than any other geostationary satellite in orbit. Astranis Omega will offer 50+ Gbps of dedicated, uncontended throughput per satellite. The first satellites are expected to be launched in 2026.
- In August 2023, Astranis announced the launch of UtilitySat, which is the world's first multimission commercial GEO satellite capable of conducting multiple fully operational broadband connectivity missions. UtilitySat can provide connectivity on standard Ku, Ka, and Q/V bands and has the flexibility to dial in exact frequencies using Astranis's proprietary ultra-wideband software-defined radio.
- In July 2023, Astranis announced that it was planning to launch a dedicated satellite for the Philippines, with enough bandwidth to connect up to two million people to reliable, affordable internet in the geostationary orbit.
Therefore, the increasing demand for long-range communication coverage through satellite networks is boosting the procurement and launch of GEO satellites, propelling the growth of the geostationary satellites market across different regions.
Development of Small Satellites for Geostationary Orbit
Satellite manufacturers such as Maxar Space Systems, Astranis, Terran Orbital, SWISSto12, and Saturn Satellite Network have already been focusing on the development of small satellites that can be deployed into the GEO . This will further provide relief to the satellite operators and launch companies, reducing their operational costs for placing a satellite into the GEO orbit with lesser size, weight, and cost of manufacturing. During the conference of" SATELLITE 2020," several satellite companies announced that they have been focusing on the development of smallsat constellations for geostationary orbits that can be deployed through small satellite-specialized launch vehicles, which will ultimately reduce the overall cost of satellite launches and orbit placement of satellites into the GEO orbits. The development of small satellites for deployment into geostationary orbit is likely to generate new opportunities for market vendors in the coming years.
Geostationary Satellites Market Report Segmentation Analysis
Key segments that contributed to the derivation of the geostationary satellites market analysis are component and application.
- Based on component, the global geostationary satellites market is segmented into communication system, power system, propulsion system, and others. The communication system segment held the largest market share in 2023.
- Based on application, the market is divided into communications, space exploration, navigation, Earth observation, and others. The communications segment held the largest share of the market in 2023.
Geostationary Satellites Market Share Analysis by Geography
The geographic scope of the geostationary satellites market report is mainly divided into five regions: North America, Asia Pacific, Europe, Middle East & Africa, and South & Central America.
The North America region is further classified into US, Canada, and Mexico. In 2023, the US government's space budget reached ~US$ 117 billion, recording an upsurge of 15% compared to 2022. Nearly US$ 59 billion of this investment was made in defense expenditures, including satellite launches. The US leads the geostationary satellites market owing to the prominent presence of several geostationary satellite system manufacturers and government investments in the space sector. Moog Inc., Northrop Grumman Corporation, Lockheed Martin, and AQST Canada Inc. are among the major manufacturers of geostationary satellite solutions in North America. The Government of Canada invests significant resources in the space sector. In 2023, the government announced a multi-year plan to support the privately built rocket launching initiatives in the country. Thus, a surge in investments by governments in the space industry and new product innovations in the space sector are anticipated to propel the geostationary satellites market growth in North America.
The space sector in the US has witnessed significant investments in satellite launches. For instance, in January 2024, the US government launched a satellite constellation award worth US$ 10 billion in the Pentagon, US. The scope of this award includes the launch of more than 400 satellites in space, including the geostationary orbit (GEO) and lower earth orbit (LEO). This contract was awarded to major manufacturers, including Northrop Grumman, Lockheed Martin, and L3Harris. The US led the market in terms of satellite launches in 2023. SpaceX independently launched 98 of the 109 satellite launch attempts made by the US in 2023, and 1,937 of the 2,234 US-built satellites were successfully orbited. The growing number of satellite launches, along with a rise in product development in the satellite industry, is fueling the geostationary satellites market progress in the US. In January 2024, the Geostationary Operational Environmental Satellite U (GOES-U) was ready to launch in Florida, US. The satellite was developed by NASA and the National Oceanic and Atmospheric Administration (NOAA) in continuation of the GOES-R Series for weather observation and environmental monitoring. The GOES-R Series satellite enables forecasters to observe, predict, and track local weather events such as thunderstorms, wildfires, hurricanes, and solar storms. Thus, the emphasis on satellite launches and an upsurge in government budget allocations for the space sector drive the geostationary satellites market growth.
Geostationary Satellites Market Report Scope
Geostationary Satellites Market News and Recent Developments
The geostationary satellites market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. A few of the developments in the geostationary satellites market are listed below:
- Intelsat, the operator of the world's largest integrated satellite and terrestrial network, was selected by Japan Airlines to provide multi-orbit inflight connectivity service on more than 20 Boeing 737 MAX aircraft to be delivered in the coming years. The airline will become one of the first in Asia Pacific to offer reliable, multi-orbit service using Intelsat's new electronically steered array (ESA) antenna. The Intelsat ESA is less than seven centimeters tall and interoperates on both Intelsat's family of geostationary satellites and its partner's constellation of low earth orbit satellites. (Source: Intelsat, Press Release, May 2024)
- Ball Aerospace successfully launched its Tropospheric Emissions: Monitoring of Pollution (TEMPO) instrument aboard a commercial satellite from Cape Canaveral Space Force Station in Florida. TEMPO is NASA's first Earth Venture instrument mission and will provide critical data on air pollution across North America. The TEMPO instrument uses a geostationary ultraviolet/visible spectrometer to determine the concentration and hourly variations of pollutants such as ozone, nitrogen dioxide, and more in the atmosphere. (Source: Ball Aerospace, Press Release, April 2023)
Geostationary Satellites Market Report Coverage and Deliverables
The "Geostationary Satellites Market Size and Forecast (2021–2031)" report provides a detailed analysis of the market covering below areas:
- Geostationary satellites market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
- Geostationary satellites market trends, as well as market dynamics such as drivers, restraints, and key opportunities
- Detailed PEST and SWOT analysis
- Geostationary satellites market analysis covering key market trends, global and regional framework, major players, regulations, and recent market developments
- Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments for the geostationary satellites market
- Detailed company profiles
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.
Frequently Asked Questions
The geostationary satellites market is likely to register of 3.7% during 2023-2031.
The estimated value of the geostationary satellites market by 2031 would be around US$ 8.28 billion.
North America region dominated the geostationary satellites market in 2023.
Increasing demand for long-range communication coverage through satellite network and growing need for satellite-based military communications are some of the factors driving the growth for geostationary satellites market.
Airbus SE, The Boeing Company, Ball Corporation, Korea Aerospace Industries Ltd, Lockheed Martin Corporation, Maxar Technologies Inc, Northrop Grumman Corporation, Thales Group, Israel Aerospace Industries Ltd, and OHB SE are some of the key players profiled under the report.
Deployment of software-defined electric systems is one of the major trends of the market.
1. Introduction
1.1 The Insight Partners Research Report Guidance
1.2 Market Segmentation
2. Executive Summary
2.1 Key Insights
2.2 Market Attractiveness
3. Research Methodology
3.1 Secondary Research
3.2 Primary Research
3.2.1 Hypothesis formulation:
3.2.2 Macro-economic factor analysis:
3.2.3 Developing base number:
3.2.4 Data Triangulation:
3.2.5 Country level data:
4. Geostationary Satellites Market Landscape
4.1 Overview
4.2 Porter’s Five Forces Analysis
4.3 Ecosystem Analysis
4.3.1 Satellite Component Manufacturers:
4.3.2 Geostationary Satellite Manufacturers:
4.3.3 End Users:
4.3.4 List of Geostationary Satellite System Providers
5. Geostationary Satellites Market – Key Market Dynamics
5.1 Geostationary Satellites Market – Key Market Dynamics
5.2 Market Drivers
5.2.1 Increasing Demand for Long-Range Communication Coverage Through Satellite Network
5.2.2 Growing Need for Satellite-Based Military Communications
5.3 Market Restraints
5.3.1 Incidents of Geostationary Satellite Failures and Decline in Orders of Geostationary Satellites
5.4 Market Opportunities
5.4.1 Development of Small Satellites for Geostationary Orbit
5.5 Future Trends
5.5.1 Deployment of Software-Defined Electric Systems
5.6 Impact of Drivers and Restraints:
6. Geostationary Satellites Market – Global Market Analysis
6.1 Geographic Overview
6.2 Geostationary Satellites Market Revenue (US$ Million), 2021–2031
6.3 Geostationary Satellites Market Forecast Analysis
7. Geostationary Satellites Market Analysis – by Component
7.1 Communication System
7.1.1 Overview
7.1.2 Communication System: Geostationary Satellites Market – Revenue and Forecast to 2031 (US$ Million)
7.2 Power System
7.2.1 Overview
7.2.2 Power System: Geostationary Satellites Market – Revenue and Forecast to 2031 (US$ Million)
7.3 Propulsion System
7.3.1 Overview
7.3.2 Propulsion System: Geostationary Satellites Market – Revenue and Forecast to 2031 (US$ Million)
7.4 Others
7.4.1 Overview
7.4.2 Others: Geostationary Satellites Market – Revenue and Forecast to 2031 (US$ Million)
8. Geostationary Satellites Market Analysis – by Application
8.1 Communications
8.1.1 Overview
8.1.2 Communications: Geostationary Satellites Market – Revenue and Forecast to 2031 (US$ Million)
8.2 Space Exploration
8.2.1 Overview
8.2.2 Space Exploration: Geostationary Satellites Market – Revenue and Forecast to 2031 (US$ Million)
8.3 Navigation
8.3.1 Overview
8.3.2 Navigation: Geostationary Satellites Market – Revenue and Forecast to 2031 (US$ Million)
8.4 Earth Observation
8.4.1 Overview
8.4.2 Earth Observation: Geostationary Satellites Market – Revenue and Forecast to 2031 (US$ Million)
8.5 Others
8.5.1 Overview
8.5.2 Others: Geostationary Satellites Market – Revenue and Forecast to 2031 (US$ Million)
9. Geostationary Satellites Market – Geographical Analysis
9.1 Overview
9.2 North America
9.2.1 North America Geostationary Satellites Market Overview
9.2.2 North America: Geostationary Satellites Market – Revenue and Forecast to 2031 (US$ Million)
9.2.3 North America: Geostationary Satellites Market Breakdown, by Component
9.2.3.1 North America: Geostationary Satellites Market – Revenue and Forecast Analysis – by Component
9.2.4 North America: Geostationary Satellites Market Breakdown, by Application
9.2.4.1 North America: Geostationary Satellites Market – Revenue and Forecast Analysis – by Application
9.2.5 North America: Geostationary Satellites Market – Revenue and Forecast Analysis – by Country
9.2.5.1 North America: Geostationary Satellites Market – Revenue and Forecast Analysis – by Country
9.2.5.2 United States: Geostationary Satellites Market – Revenue and Forecast to 2031 (US$ Million)
9.2.5.2.1 United States: Geostationary Satellites Market Breakdown, by Component
9.2.5.2.2 United States: Geostationary Satellites Market Breakdown, by Application
9.2.5.3 Canada: Geostationary Satellites Market – Revenue and Forecast to 2031 (US$ Million)
9.2.5.3.1 Canada: Geostationary Satellites Market Breakdown, by Component
9.2.5.3.2 Canada: Geostationary Satellites Market Breakdown, by Application
9.2.5.4 Mexico: Geostationary Satellites Market – Revenue and Forecast to 2031 (US$ Million)
9.2.5.4.1 Mexico: Geostationary Satellites Market Breakdown, by Component
9.2.5.4.2 Mexico: Geostationary Satellites Market Breakdown, by Application
9.3 Europe
9.3.1 Europe Geostationary Satellites Market Overview
9.3.2 Europe: Geostationary Satellites Market – Revenue and Forecast to 2031 (US$ Million)
9.3.3 Europe: Geostationary Satellites Market Breakdown, by Component
9.3.3.1 Europe: Geostationary Satellites Market – Revenue and Forecast Analysis – by Component
9.3.4 Europe: Geostationary Satellites Market Breakdown, by Application
9.3.4.1 Europe: Geostationary Satellites Market – Revenue and Forecast Analysis – by Application
9.3.5 Europe: Geostationary Satellites Market – Revenue and Forecast Analysis – by Country
9.3.5.1 Europe: Geostationary Satellites Market – Revenue and Forecast Analysis – by Country
9.3.5.2 Germany: Geostationary Satellites Market – Revenue and Forecast to 2031 (US$ Million)
9.3.5.2.1 Germany: Geostationary Satellites Market Breakdown, by Component
9.3.5.2.2 Germany: Geostationary Satellites Market Breakdown, by Application
9.3.5.3 France: Geostationary Satellites Market – Revenue and Forecast to 2031 (US$ Million)
9.3.5.3.1 France: Geostationary Satellites Market Breakdown, by Component
9.3.5.3.2 France: Geostationary Satellites Market Breakdown, by Application
9.3.5.4 Italy: Geostationary Satellites Market – Revenue and Forecast to 2031 (US$ Million)
9.3.5.4.1 Italy: Geostationary Satellites Market Breakdown, by Component
9.3.5.4.2 Italy: Geostationary Satellites Market Breakdown, by Application
9.3.5.5 United Kingdom: Geostationary Satellites Market – Revenue and Forecast to 2031 (US$ Million)
9.3.5.5.1 United Kingdom: Geostationary Satellites Market Breakdown, by Component
9.3.5.5.2 United Kingdom: Geostationary Satellites Market Breakdown, by Application
9.3.5.6 Russia: Geostationary Satellites Market – Revenue and Forecast to 2031 (US$ Million)
9.3.5.6.1 Russia: Geostationary Satellites Market Breakdown, by Component
9.3.5.6.2 Russia: Geostationary Satellites Market Breakdown, by Application
9.3.5.7 Rest of Europe: Geostationary Satellites Market – Revenue and Forecast to 2031 (US$ Million)
9.3.5.7.1 Rest of Europe: Geostationary Satellites Market Breakdown, by Component
9.3.5.7.2 Rest of Europe: Geostationary Satellites Market Breakdown, by Application
9.4 Asia Pacific
9.4.1 Asia Pacific Geostationary Satellites Market Overview
9.4.2 Asia Pacific: Geostationary Satellites Market – Revenue and Forecast to 2031 (US$ Million)
9.4.3 Asia Pacific: Geostationary Satellites Market Breakdown, by Component
9.4.3.1 Asia Pacific: Geostationary Satellites Market – Revenue and Forecast Analysis – by Component
9.4.4 Asia Pacific: Geostationary Satellites Market Breakdown, by Application
9.4.4.1 Asia Pacific: Geostationary Satellites Market – Revenue and Forecast Analysis – by Application
9.4.5 Asia Pacific: Geostationary Satellites Market – Revenue and Forecast Analysis – by Country
9.4.5.1 Asia Pacific: Geostationary Satellites Market – Revenue and Forecast Analysis – by Country
9.4.5.2 China: Geostationary Satellites Market – Revenue and Forecast to 2031 (US$ Million)
9.4.5.2.1 China: Geostationary Satellites Market Breakdown, by Component
9.4.5.2.2 China: Geostationary Satellites Market Breakdown, by Application
9.4.5.3 India: Geostationary Satellites Market – Revenue and Forecast to 2031 (US$ Million)
9.4.5.3.1 India: Geostationary Satellites Market Breakdown, by Component
9.4.5.3.2 India: Geostationary Satellites Market Breakdown, by Application
9.4.5.4 Japan: Geostationary Satellites Market – Revenue and Forecast to 2031 (US$ Million)
9.4.5.4.1 Japan: Geostationary Satellites Market Breakdown, by Component
9.4.5.4.2 Japan: Geostationary Satellites Market Breakdown, by Application
9.4.5.5 South Korea: Geostationary Satellites Market – Revenue and Forecast to 2031 (US$ Million)
9.4.5.5.1 South Korea: Geostationary Satellites Market Breakdown, by Component
9.4.5.5.2 South Korea: Geostationary Satellites Market Breakdown, by Application
9.4.5.6 Rest of APAC: Geostationary Satellites Market – Revenue and Forecast to 2031 (US$ Million)
9.4.5.6.1 Rest of APAC: Geostationary Satellites Market Breakdown, by Component
9.4.5.6.2 Rest of APAC: Geostationary Satellites Market Breakdown, by Application
9.5 Rest of the World
9.5.1 Rest of the World Geostationary Satellites Market Overview
9.5.2 Rest of the World: Geostationary Satellites Market – Revenue and Forecast to 2031 (US$ Million)
9.5.3 Rest of the World: Geostationary Satellites Market Breakdown, by Component
9.5.3.1 Rest of the World: Geostationary Satellites Market – Revenue and Forecast Analysis – by Component
9.5.4 Rest of the World: Geostationary Satellites Market Breakdown, by Application
9.5.4.1 Rest of the World: Geostationary Satellites Market – Revenue and Forecast Analysis – by Application
9.5.5 Rest of the World: Geostationary Satellites Market – Revenue and Forecast Analysis – by Country
9.5.5.1 Rest of the World: Geostationary Satellites Market – Revenue and Forecast Analysis – by Country
9.5.5.2 Middle East and Africa: Geostationary Satellites Market – Revenue and Forecast to 2031 (US$ Million)
9.5.5.2.1 Middle East and Africa: Geostationary Satellites Market Breakdown, by Component
9.5.5.2.2 Middle East and Africa: Geostationary Satellites Market Breakdown, by Application
9.5.5.3 South America: Geostationary Satellites Market – Revenue and Forecast to 2031 (US$ Million)
9.5.5.3.1 South America: Geostationary Satellites Market Breakdown, by Component
9.5.5.3.2 South America: Geostationary Satellites Market Breakdown, by Application
10. Competitive Landscape
10.1 Company Positioning & Concentration
11. Industry Landscape
11.1 Overview
11.2 Market Initiative
11.3 Product Development
12. Company Profiles
12.1 Airbus SE
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 The Boeing Co
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 Ball Corp
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 Korea Aerospace Industries Ltd.
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and Services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.4.6 Key Developments
12.5 Lockheed Martin Corp
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Products and Services
12.5.4 Financial Overview
12.5.5 SWOT Analysis
12.5.6 Key Developments
12.6 Maxar Technologies Inc
12.6.1 Key Facts
12.6.2 Business Description
12.6.3 Products and Services
12.6.4 Financial Overview
12.6.5 SWOT Analysis
12.6.6 Key Developments
12.7 Northrop Grumman Corp
12.7.1 Key Facts
12.7.2 Business Description
12.7.3 Products and Services
12.7.4 Financial Overview
12.7.5 SWOT Analysis
12.7.6 Key Developments
12.8 Thales SA
12.8.1 Key Facts
12.8.2 Business Description
12.8.3 Products and Services
12.8.4 Financial Overview
12.8.5 SWOT Analysis
12.8.6 Key Developments
12.9 Israel Aerospace Industries Ltd
12.9.1 Key Facts
12.9.2 Business Description
12.9.3 Products and Services
12.9.4 Financial Overview
12.9.5 SWOT Analysis
12.9.6 Key Developments
12.10 OHB SE
12.10.1 Key Facts
12.10.2 Business Description
12.10.3 Products and Services
12.10.4 Financial Overview
12.10.5 SWOT Analysis
12.10.6 Key Developments
13. Appendix
13.1 About The Insight Partners
List of Tables
Table 1. Geostationary Satellites Market Segmentation
Table 2. List of Vendors in Value Chain
Table 3. Geostationary Satellites Market – Revenue and Forecast to 2031 (US$ Million)
Table 4. Geostationary Satellites Market – Revenue and Forecast to 2031 (US$ Million) – by Component
Table 5. Geostationary Satellites Market – Revenue and Forecast to 2031 (US$ Million) – by Application
Table 6. North America: Geostationary Satellites Market – Revenue and Forecast to 2031(US$ Million) – by Component
Table 7. North America: Geostationary Satellites Market – Revenue and Forecast to 2031(US$ Million) – by Application
Table 8. North America: Geostationary Satellites Market – Revenue and Forecast to 2031(US$ Million) – by Country
Table 9. United States: Geostationary Satellites Market – Revenue and Forecast to 2031(US$ Million) – by Component
Table 10. United States: Geostationary Satellites Market – Revenue and Forecast to 2031(US$ Million) – by Application
Table 11. Canada: Geostationary Satellites Market – Revenue and Forecast to 2031(US$ Million) – by Component
Table 12. Canada: Geostationary Satellites Market – Revenue and Forecast to 2031(US$ Million) – by Application
Table 13. Mexico: Geostationary Satellites Market – Revenue and Forecast to 2031(US$ Million) – by Component
Table 14. Mexico: Geostationary Satellites Market – Revenue and Forecast to 2031(US$ Million) – by Application
Table 15. Europe: Geostationary Satellites Market – Revenue and Forecast to 2031(US$ Million) – by Component
Table 16. Europe: Geostationary Satellites Market – Revenue and Forecast to 2031(US$ Million) – by Application
Table 17. Europe: Geostationary Satellites Market – Revenue and Forecast to 2031(US$ Million) – by Country
Table 18. Germany: Geostationary Satellites Market – Revenue and Forecast to 2031(US$ Million) – by Component
Table 19. Germany: Geostationary Satellites Market – Revenue and Forecast to 2031(US$ Million) – by Application
Table 20. France: Geostationary Satellites Market – Revenue and Forecast to 2031(US$ Million) – by Component
Table 21. France: Geostationary Satellites Market – Revenue and Forecast to 2031(US$ Million) – by Application
Table 22. Italy: Geostationary Satellites Market – Revenue and Forecast to 2031(US$ Million) – by Component
Table 23. Italy: Geostationary Satellites Market – Revenue and Forecast to 2031(US$ Million) – by Application
Table 24. United Kingdom: Geostationary Satellites Market – Revenue and Forecast to 2031(US$ Million) – by Component
Table 25. United Kingdom: Geostationary Satellites Market – Revenue and Forecast to 2031(US$ Million) – by Application
Table 26. Russia: Geostationary Satellites Market – Revenue and Forecast to 2031(US$ Million) – by Component
Table 27. Russia: Geostationary Satellites Market – Revenue and Forecast to 2031(US$ Million) – by Application
Table 28. Rest of Europe: Geostationary Satellites Market – Revenue and Forecast to 2031(US$ Million) – by Component
Table 29. Rest of Europe: Geostationary Satellites Market – Revenue and Forecast to 2031(US$ Million) – by Application
Table 30. Asia Pacific: Geostationary Satellites Market – Revenue and Forecast to 2031(US$ Million) – by Component
Table 31. Asia Pacific: Geostationary Satellites Market – Revenue and Forecast to 2031(US$ Million) – by Application
Table 32. Asia Pacific: Geostationary Satellites Market – Revenue and Forecast to 2031(US$ Million) – by Country
Table 33. China: Geostationary Satellites Market – Revenue and Forecast to 2031(US$ Million) – by Component
Table 34. China: Geostationary Satellites Market – Revenue and Forecast to 2031(US$ Million) – by Application
Table 35. India: Geostationary Satellites Market – Revenue and Forecast to 2031(US$ Million) – by Component
Table 36. India: Geostationary Satellites Market – Revenue and Forecast to 2031(US$ Million) – by Application
Table 37. Japan: Geostationary Satellites Market – Revenue and Forecast to 2031(US$ Million) – by Component
Table 38. Japan: Geostationary Satellites Market – Revenue and Forecast to 2031(US$ Million) – by Application
Table 39. South Korea: Geostationary Satellites Market – Revenue and Forecast to 2031(US$ Million) – by Component
Table 40. South Korea: Geostationary Satellites Market – Revenue and Forecast to 2031(US$ Million) – by Application
Table 41. Rest of APAC: Geostationary Satellites Market – Revenue and Forecast to 2031(US$ Million) – by Component
Table 42. Rest of APAC: Geostationary Satellites Market – Revenue and Forecast to 2031(US$ Million) – by Application
Table 43. Rest of the World: Geostationary Satellites Market – Revenue and Forecast to 2031(US$ Million) – by Component
Table 44. Rest of the World: Geostationary Satellites Market – Revenue and Forecast to 2031(US$ Million) – by Application
Table 45. Rest of the World: Geostationary Satellites Market – Revenue and Forecast to 2031(US$ Million) – by Country
Table 46. Middle East and Africa: Geostationary Satellites Market – Revenue and Forecast to 2031(US$ Million) – by Component
Table 47. Middle East and Africa: Geostationary Satellites Market – Revenue and Forecast to 2031(US$ Million) – by Application
Table 48. South America: Geostationary Satellites Market – Revenue and Forecast to 2031(US$ Million) – by Component
Table 49. South America: Geostationary Satellites Market – Revenue and Forecast to 2031(US$ Million) – by Application
List of Figures
Figure 1. Geostationary Satellites Market Segmentation, by Geography
Figure 2. Porter’s Five Forces Analysis
Figure 3. Impact Analysis of Drivers and Restraints
Figure 4. Geographic Overview
Figure 5. Geostationary Satellites Market Revenue (US$ Million), 2021–2031
Figure 6. Geostationary Satellites Market Share (%) – by Component (2023 and 2031)
Figure 7. Communication System: Geostationary Satellites Market – Revenue and Forecast to 2031 (US$ Million)
Figure 8. Power System: Geostationary Satellites Market – Revenue and Forecast to 2031 (US$ Million)
Figure 9. Propulsion System: Geostationary Satellites Market – Revenue and Forecast to 2031 (US$ Million)
Figure 10. Others: Geostationary Satellites Market – Revenue and Forecast to 2031 (US$ Million)
Figure 11. Geostationary Satellites Market Share (%) – by Application (2023 and 2031)
Figure 12. Communications: Geostationary Satellites Market – Revenue and Forecast to 2031 (US$ Million)
Figure 13. Space Exploration: Geostationary Satellites Market – Revenue and Forecast to 2031 (US$ Million)
Figure 14. Navigation: Geostationary Satellites Market – Revenue and Forecast to 2031 (US$ Million)
Figure 15. Earth Observation: Geostationary Satellites Market – Revenue and Forecast to 2031 (US$ Million)
Figure 16. Others: Geostationary Satellites Market – Revenue and Forecast to 2031 (US$ Million)
Figure 17. Geostationary Satellites Market Breakdown by Region, 2023 and 2031 (%)
Figure 18. North America: Geostationary Satellites Market – Revenue and Forecast to 2031(US$ Million)
Figure 19. North America: Geostationary Satellites Market Breakdown, by Component (2023 and 2031)
Figure 20. North America: Geostationary Satellites Market Breakdown, by Application (2023 and 2031)
Figure 21. North America: Geostationary Satellites Market Breakdown, by Key Countries, 2023 and 2031 (%)
Figure 22. United States: Geostationary Satellites Market – Revenue and Forecast to 2031(US$ Million)
Figure 23. Canada: Geostationary Satellites Market – Revenue and Forecast to 2031(US$ Million)
Figure 24. Mexico: Geostationary Satellites Market – Revenue and Forecast to 2031(US$ Million)
Figure 25. Europe: Geostationary Satellites Market – Revenue and Forecast to 2031(US$ Million)
Figure 26. Europe: Geostationary Satellites Market Breakdown, by Component (2023 and 2031)
Figure 27. Europe: Geostationary Satellites Market Breakdown, by Application (2023 and 2031)
Figure 28. Europe: Geostationary Satellites Market Breakdown, by Key Countries, 2023 and 2031 (%)
Figure 29. Germany: Geostationary Satellites Market – Revenue and Forecast to 2031(US$ Million)
Figure 30. France: Geostationary Satellites Market – Revenue and Forecast to 2031(US$ Million)
Figure 31. Italy: Geostationary Satellites Market – Revenue and Forecast to 2031(US$ Million)
Figure 32. United Kingdom: Geostationary Satellites Market – Revenue and Forecast to 2031(US$ Million)
Figure 33. Russia: Geostationary Satellites Market – Revenue and Forecast to 2031(US$ Million)
Figure 34. Rest of Europe: Geostationary Satellites Market – Revenue and Forecast to 2031(US$ Million)
Figure 35. Asia Pacific: Geostationary Satellites Market – Revenue and Forecast to 2031(US$ Million)
Figure 36. Asia Pacific: Geostationary Satellites Market Breakdown, by Component (2023 and 2031)
Figure 37. Asia Pacific: Geostationary Satellites Market Breakdown, by Application (2023 and 2031)
Figure 38. Asia Pacific: Geostationary Satellites Market Breakdown, by Key Countries, 2023 and 2031 (%)
Figure 39. China: Geostationary Satellites Market – Revenue and Forecast to 2031(US$ Million)
Figure 40. India: Geostationary Satellites Market – Revenue and Forecast to 2031(US$ Million)
Figure 41. Japan: Geostationary Satellites Market – Revenue and Forecast to 2031(US$ Million)
Figure 42. South Korea: Geostationary Satellites Market – Revenue and Forecast to 2031(US$ Million)
Figure 43. Rest of APAC: Geostationary Satellites Market – Revenue and Forecast to 2031(US$ Million)
Figure 44. Rest of the World: Geostationary Satellites Market – Revenue and Forecast to 2031(US$ Million)
Figure 45. Rest of the World: Geostationary Satellites Market Breakdown, by Component (2023 and 2031)
Figure 46. Rest of the World: Geostationary Satellites Market Breakdown, by Application (2023 and 2031)
Figure 47. Rest of the World: Geostationary Satellites Market Breakdown, by Key Countries, 2023 and 2031 (%)
Figure 48. Middle East and Africa: Geostationary Satellites Market – Revenue and Forecast to 2031(US$ Million)
Figure 49. South America: Geostationary Satellites Market – Revenue and Forecast to 2031(US$ Million)
Figure 50. Company Positioning & Concentration
The List of Companies - Geostationary Satellites Market
- Airbus SE
- The Boeing Company
- Ball Corporation
- Korea Aerospace Industries Ltd
- Lockheed Martin Corporation
- Maxar Technologies Inc
- Northrop Grumman Corporation
- Thales Group
- Israel Aerospace Industries Ltd
- OHB SE
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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