VDES Satellite Market by Application (Fleet Management, Vessel Tracking, Maritime Security, Ship Maintenance), Satellite Mass (Mini Satellite, Micro Satellite, Nano Satellite, Others), Solution (System, Services), End User ( Ship Manufacturers and Retrofitters, Maritime Authorities, Others) and Region - Global Forecast to 2025
The study involved four major activities in estimating the current market size for VDES satellite. Exhaustive secondary research was undertaken to collect information on the market, the peer markets, and the parent market. The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain through primary research. Both top-down and bottom-up approaches were employed to estimate the complete market size. Thereafter, market breakdown and data triangulation procedures were used to estimate the market size of segments and subsegments.
Secondary Research
In the secondary research process, various secondary sources, such as D&B Hoovers, Bloomberg, BusinessWeek, and different magazines, were referred to identify and collect information for this study. Secondary sources also included annual reports, press releases & investor presentations of companies, certified publications, articles by recognized authors, and military technologies databases.
Primary Research
The VDES satellite market comprises several stakeholders, such as satellite manufacturers, system integrators, system manufacturers, and displays manufacturers, display and printed electronics component manufacturers and regulatory organizations in the supply chain. The demand side of this market is majorly characterized by aerospace platform manufacturers. The supply side is characterized by technology advancements in lighting, displays and sensing. Various primary sources from both the supply and demand sides of the market were interviewed to obtain qualitative and quantitative information. Following is the breakdown of primary respondents:
Market Size Estimation
Both top-down and bottom-up approaches were used to estimate and validate the total size of the VDES satellite market. These methods were also used extensively to estimate the size of various subsegments of the market. The research methodology used to estimate the market size includes the following:
- Key players in the industry and markets were identified through extensive secondary research.
- The industry’s supply chain and market size, in terms of value, were determined through primary and secondary research processes.
- All percentage shares, splits, and breakdowns were determined using secondary sources and verified through primary sources.
Data Triangulation
After arriving at the overall market size—using the market size estimation process explained above—the market was split into several segments and subsegments. Data triangulation and market breakdown procedures were employed, wherever applicable, to complete the overall market engineering process and arrive at the exact statistics of each market segment and subsegment. The data was triangulated by studying various factors and trends from both the demand and supply sides of the VDES satellite market.
Report Objectives
- To define, describe, segment, and forecast the size of the VDES satellite market for military and aerospace based on application, satellite mass, solution, and end user
- To analyze the demand- and supply-side indicators influencing the growth of the market
- To understand the market ecosystem by identifying high-growth segments and subsegments of the market
- To provide in-depth market intelligence regarding key market dynamics, such as drivers, restraints, opportunities, and challenges that influence the growth of the market
- To forecast the revenue of market segments with respect to five main regions, namely, North America, Europe, Asia Pacific, and Rest of the World
- To analyze technological advancements and new product launches in the market
- To provide a detailed competitive landscape of the market, in addition to market rank analysis of leading players
- To identify financial positions, product portfolios, and key developments undertaken by leading players in the market
- To analyze micromarkets with respect to their individual growth trends, prospects, and contribution to the overall market
- To provide a comprehensive analysis of business and corporate strategies adopted by key market players
- To profile key market players and comprehensively analyze their core competencies
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Scope of the Report
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Report Metric |
Details |
Market Size Available for Years |
2018–2025 |
Base Year Considered |
2019 |
Forecast Period |
2020-2025 |
Forecast Units |
Value (USD) |
Segments Covered |
Application, Satellite Mass, Solution End User, and Region |
Geographies Covered |
North America, Asia Pacific, Europe, Rest of the World |
Companies Covered |
SAAB AB (Sweden), Kongsberg (Norway), ORBCOMM (US), STERNULA (Denmark), IQUILLA (US), CML Microcircuits (UK), COMAR Systems (UK), AAC Clyde Space AB (Sweden) |
This research report categorizes the VDES satellite market based on application, solution, satellite mass, end user and region.
On the basis of application, the VDES satellite market is segmented as follows:
- Fleet Management
- Vessel Tracking
- Maritime Security
- Ship Maintenance
On the satellite mass, the VDES satellite market is segmented as follows:
- Minisatellites
- Microsatellites
- Nano Satellites
- Others
On the basis of Solution, the VDES satellite market is segmented as follows
- System
- Services
On the basis of end user, the VDES satellite market is segmented as follows
- Ship manufacturers and retrofitters
- Maritime Authorities
- Others
On the basis of region, the VDES satellite market is segmented as follows:
- North America
- Europe
- Asia Pacific
- Middle East
- Rest of the World
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Company Information
- Detailed analysis and profiles of additional market players (up to five)
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Growth opportunities and latent adjacency in VDES Satellite Market