Geostationary Satellites Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Component (Communication System, Power System, Propulsion System); Application (Communications, Meteorology, Navigation, Others) and Geography
Report Code: TIPRE00025490
| No. of Pages: 150
| Category: Aerospace and Defense
| Status: Upcoming
The geostationary satellites are situated at an altitude of 35,800 kilometers directly over the equator, revolving in the same direction as the Earth. These satellites are advantageous since an earthbound directional antenna can be aimed and left in position without further adjustment. Additionally, the use of highly directional antennas minimizes the interference from surface-based sources other satellites. A network of operational geostationary satellites uses visible and infrared imaging for applications like weather observation, oceanography, and atmospheric tracking. The rising demand for precise data for monitoring the events and occurrences on the Earth's surface and atmosphere, coupled with the development of new generation geostationary satellites, are driving the growth of the global market.
The "Global Geostationary Satellites Market Analysis to 2028" is a specialized and in-depth study of the aerospace and defense industry with a special focus on the global market trend analysis. The report aims to provide an overview of the Geostationary Satellites market with detailed market segmentation by component, application and geography. The report provides key statistics on the market status of the leading Geostationary Satellites market players and offers key trends and opportunities in the market.
On the basis of component, the market is segmented into communication system, power system, and propulsion system.
On the basis of application, the market is segmented into communications, meteorology, navigation, and others.
MARKET DYNAMICS Drivers:
Growing telecommunication industry
Rising demand for meteorological and navigational applications
Technological advancement in space industry coupled with increasing Government investments
Creation of space debris
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 Geostationary Satellites 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 trends. The report also provides exhaustive Porter's Five Forces analysis, highlighting the factors affecting the Geostationary Satellites market in these regions
IMPACT OF COVID-19 ON GEOSTATIONARY SATELLITES MARKET
The disruption in global supply chain and falling due to the COVID-19 pandemic has left a drastic impact on the space industry through 2020 till 2021. While the well-established players in the satellite launch and development markets have been able to cope with the crisis, numerous small and medium-sized enterprises have struggled due to limited number of suppliers and cash flow constraints. However, the major satellite fleets operating in space presently provide a broad range of a host of voice, data and broadcast communications solutions along with navigation, earth observation, remote sensing and other unique services crucial for a wide range of businesses and government customers worldwide. Therefore, the demand for Geostationary Satellites is expected to recover rapidly as major space programs and satellite launches have been scheduled for a broad variety of applications.
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The report covers key developments in the Geostationary Satellites 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 payers from Geostationary Satellites market are anticipated to lucrative growth opportunities in the future with the rising demand for Geostationary Satellites in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the Geostationary Satellites 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.
JSC Academician M.F. Reshetnev
KOREA AEROSPACE INDUSTRIES, LTD.
Lockheed Martin Corporation
Northrop Grumman Innovation Systems
OHB System AG
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.
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The List of Companies
1. Airbus S.A.S.
2. BALL CORPORATION
4. JSC Academician M.F. Reshetnev
5. KOREA AEROSPACE INDUSTRIES, LTD.
6. Lockheed Martin Corporation
7. MAXAR TECHNOLOGIES
8. Northrop Grumman Innovation Systems
9. OHB System AG
10. Thales Group