A GEO satellite is an earth-orbiting satellite which is fixed over one spot above the equator. These satellites remain permanently in the same area of the sky without movement. The geostationary orbit lies on the same plane as the equator, whereas the geosynchronous orbit has a different inclination which are the two different orbit types for GEO satellites. Increased power and increased number of transponders mounted on these type of satellites are anticipated to trend over in the coming years for the GEO satellites.
"Global GEO Satellite Market Analysis to 2028"
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 GEO satellite market with detailed market segmentation by orbit type, application, and geography. The report provides key statistics on the market status of the leading GEO satellite market players and offers key trends and opportunities in the market.
- Based on orbit type, the global GEO satellite market is segmented into geosynchronous orbits and geostationary orbits.
- On the basis of application, the market is segmented into commercial communications, earth observation, navigation, military surveillance, and others
- Increasing demand of consumer service, media market and mobility & government are some of the major driving factors of GEO satellite market.
- Advancing technological moves in the space technology coupled with increasing Government investments is one of the best opportunities for the market players operating in the GEO satellite market.
- High design and manufacturing costs are expected to pose a serious challenge to the market.
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 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The GEO satellite 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 demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the GEO satellite market in these regions.
IMPACT OF COVID-19 ON GEO SATELLITE MARKET
COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities.
The report covers key developments in the GEO satellite 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 activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market players from GEO satellite market are anticipated to lucrative growth opportunities in the future with the rising demand in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the GEO satellite market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- AeroAstro, Inc.
- Airbus Defence and Space
- Ball Aerospace Technologies Corp.
- Boeing Defense, Space Security
- JSC Information Satellite Systems
- Lockheed Martin
- OHB System AG
- Orbital ATK
- Thales Alenia Space
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.