Satellites Companies

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.

Satellites, being man-made objects-orbiting around other celestial bodies-are necessary for global communications, Earth observation, navigation, and defense. Growth for the global satellite market is booming from various key factors. Real-time demands to communicate data, especially in communications, media, and defense, drive a need for advanced satellite infrastructure. Gaining in pace is Low Earth Orbit satellites, largely driven by the growing requirement for high-speed internet services and satellite-based navigation systems. The other factor is changing the landscape of the market due to the miniaturization of technology, and the availability of cost-effective launch vehicles, which makes it cheaper to deploy and increases demand from small to medium-sized satellites. Governments and private companies are investing largely in satellite technologies, which is an enabler of innovation and infrastructure development. Public-private partnerships are playing a crucial role in the rapid constellation of satellites dedicated to broadband internet, disaster management, and scientific research. This universal stress on national security and defense, in which nations strengthen their defense infrastructure due to increased geopolitical tensions, is fueling the demand for reconnaissance and intelligence satellites. Market expansion in Asian-Pacific, Latin American, and Middle Eastern regions is also emerging, with a focus on developing regions improving their communication, defense, and weather-monitoring capabilities. The increased commercialization of space with new business models like satellite-as-a-service (SaaS) is driving growth momentum in the industry. The technological advancements combined with the investments and the growing need to achieve greater connectivity around the globe and to make data-based decisions will continue satellite market growth.

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Key players in the market focus on innovation in satellite technology to improve the performance of a satellite, such as satellite miniaturization, enhancing data transition speeds and increasing payload capacity. 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. The market players have adopted various strategies such as development of advanced products, partnerships, contracts, and agreements to strengthen their position in the satellites market. The organic and inorganic strategies have helped the market players expand globally by providing satellites solutions.

SPACEX

SPACEX is the leading satellite services provider in the world. The company manufactures and designs space launch vehicles and satellites for carrying crew and cargo. It also intends to sell its satellites for military use, scientific applications, or exploration purposes. The company serves US and international customers, including the United States Department of Defense (DoD), National Aeronautics and Space Administration (NASA), International Space Station (ISS), commercial and government organizations, and private aerospace businesses. SPACEX has created a satellite constellation called Starlink that serves as an over-satellite Internet system. The number of satellites in the constellation is tens of thousands of mass-produced small satellites in LEO while coordinated with ground transceivers. In January 2023, Starlink constituted the biggest satellite constellation launched.

Airbus Defence and Space

The Airbus group has a subsidiary named Airbus Defence and Space, which specializes in the designing, developing, and manufacturing of military aircraft, satellite systems, space launchers, and security solutions and systems. Additional services provided by the company include satellite telecommunications and geo-information services. Not long ago, the company acquired the remaining 50% ownership stake in Eutelsat OneWeb and fully took control over Airbus OneWeb Satellites. The satellites of this company are put into use for military and civil telecommunications, Earth observation, scientific exploration, and navigation applications. They do provide very high-resolution Earth observation systems across all sectors, like agriculture and forestry to environmental monitoring and national security. Their offerings consist of S250, S450, and S950, offering improved connectivity, as well as a complete solution.

Lockheed Martin Corporation

Lockheed Martin Corporation designs and produces advanced technology systems and associated products and services in the fields of aerospace, defense, security, and advanced technology primarily through research and design activities followed by developing, manufacturing, and integrating systems. The development, delivery, and support of aerospace & defense systems occur through four business segments: Aeronautics, Missiles and Fire Control, Rotary and Mission Systems, and Space. It gives small satellite solutions with powerful and flexible buses to meet every mission through the space segment. These small satellites operate Earth imaging, remote sensing, communications, and next-generation ISR applications. The company has 572 manufacturing plants in 500 cities across all 50 states in the US. Lockheed Martin has the following subsidiaries: Lockheed Martin Australia Pty Limited-Australia, Lockheed Martin UK Limited-UK, Lockheed Martin Canada Inc-Canada, Lockheed Martin Global, Inc-US, and Lockheed Martin Logistics Management, Inc-US.

Northrop Grumman

Northrop Grumman designs, develops, and manufactures security and technology products and solutions for applications ranging from undersea to outer space and cyberspace. The company operates through four segments: Aeronautics Systems, Mission Systems, Defense Systems, and Space Systems. The Space Systems segment designs, develops, integrates, and produces manned aircraft, autonomous systems, small satellites, spacecraft, high-energy laser systems, microelectronics, and other systems/subsystems. Space Systems’ customers, primarily the DoD and other US government agencies, use these systems in ISR, strike operations, communications, Earth observation, space science, and space exploration missions.

Thales Alenia Space

This is a Joint Venture between Thales at 67% and Leonardo at 33%. The firm specializes in the provision of space solutions including satellites, subsystems, and operational services across domains such as telecommunications, navigation, Earth observation, environmental management, exploration, science, and orbital infrastructures. It includes a diverse team of skilled professionals who work collaboratively to meet the needs of a wide range of customers from governments and institutions to space agencies and telecommunications operators. Its partnership with Telespazio (Italy) termed Space Alliance further increases the firm's capacity to provide all-round solutions and services. In 2023, Thales Alenia Space gathered consolidated revenues of USD 2.42 billion. It has around 8,600 employees working in 10 countries. Other than its 17 facilities in Europe and a huge industrial presence in the US, the company has maintained a global footprint in order to meet the needs of clients worldwide.

Related Reports:

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

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