The Satellites by The Business Research Company provides market overview across 60+ geographies in the seven regions - Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Satellites, The satellites market
size has grown strongly in recent years. It will grow from $28.11 billion in
2023 to $30.04 billion in 2024 at a compound annual growth rate (CAGR) of 6.9%. The
growth in the historic period can be attributed to increasing
investments in satellites, launch of advanced low earth orbit satellites, and
increase in technology development.
The satellites market size is expected to see strong growth in the next few
years. It will grow to $36.81 billion in 2028 at a compound annual growth rate
(CAGR) of 5.2%. The growth in the
forecast period can be attributed to increasing adoption of low earth orbit
satellites in various sectors, increasing use of lightweight materials, robust
government support, growing demand for telecommunication, and increasing
investments. Major trends in the forecast period include small satellites
systems, use of artificial intelligence, use of 3d printing, growing advancement
in payload systems, focus on advanced ground systems and strategic
collaborations and acquisitions.
During the forecast period, the increase in demand for Direct-To-Home (DTH)
television services contributed to the growth of the satellite market. The DTH
(Direct to Home) service is basically a digital satellite service that delivers
satellite television programming promptly to a subscriber’s home. As per the
Telecom Regulatory Authority of India (TRAI) Quarterly Indicator Report, in Q3
of 2022, the total active subscriber base of Pay DTH increased from 65.58
million in September 2022 to 66.62 million in December 2022. Since DTH (Direct
to Home) service employs wireless technology, the television programs are
transmitted to the subscriber’s television directly from the satellite, which in
turn drove the demand for satellites, thereby generating revenue for the growth
of the global satellites market.
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The satellites market covered in this report is segmented –
1) By Type: Large Satellite, Mini Satellite, Micro Satellite, Nano Satellite
2) By Orbit: Low Earth Orbit (LEO), Medium Earth Orbit (MEO), Geosynchronous
Orbit (GEO), Elliptical Orbit
3) By Application: Scientific Research, Technology Demonstration And
Verification, Earth Observation And Remote Sensing, Communication, Other
Applications
4) By End User: Commercial, Civil, Government, Military, Other End Users
The launch of hybrid DTH set-top boxes is gaining popularity in the satellites
market. The hybrid set-top boxes are something that surfaced because of DTH
operators trying to bring online content to TV screens. For instance, in April
2023, Bharti Airtel Limited, an India-based telecommunications services
company, launched X-stream, Hybrid Android set-top box. The new Airtel Xstream
Box with Android 10 is a good option for users who are looking for an
affordable streaming device with the latest features. The Xstream Box is also
Chromecast-enabled, so users can cast content from their smartphone or tablet
to their TV.
The satellites market report table of contents includes:
1. Executive Summary
2.
Satellites Market Characteristics
3.
Satellites Market Trends And Strategies
4.
Satellites Market - Macro Economic Scenario
5. Global
Satellites Market Size and Growth
.
32. Global Satellites Market Competitive Benchmarking
33. Global
Satellites Market Competitive Dashboard
34. Key
Mergers And Acquisitions In The Satellites Market
35.
Satellites Market Future Outlook and Potential Analysis
36.
Appendix
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