Medium and Large Satellite Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Mass (500 kg -1000 kg (Medium satellites), Above 1000 kg ( Large Satellites)); Application (Navigation and Mapping, Communication, Others) and Geography
Report Code: TIPRE00029709 | No. of Pages: 150 | Category: Aerospace and Defense | Status: Upcoming
MARKET OVERVIEW
The satellites are manmade objects that are placed into orbit. These satellites often leave an impact on human lives without even knowing about them. These satellites offer more convenience, make our lives safer, and help in the broadcast of entertainment programs. There are several advantages of medium and large satellites such as satellites make the transmission coverage over the geographical area possible, and allows to obtain service from one single provider.
MARKET SCOPE
The "Global Medium and Large Satellite Market Analysis to 2028" is a specialized and in-depth study of the satellite with a special focus on the global market trend analysis. The report aims to provide an overview of the medium and large satellite market with detailed market segmentation by mass, application, and geography. The report provides key statistics on the market status of the leading medium and large satellite market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
On the basis of mass the market is segmented into 500 kg -1000 kg (Medium satellites) and above 1000 kg (Large Satellites)
On the basis application, the market is segmented into navigation and mapping, communication, and others
MARKET DYNAMICS
Drivers-
Increasing demand for military reconnaissance and communication application is expected to drive the market growth
Growing utility of satellite imaging for homeland security and defense may propel the market growth
Restraints-
High cost related to satellite components and its installation hinder the market Growth
REGIONAL FRAMEWORK
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 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America (SAM). The medium and large 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 trends. The report also provides exhaustive PEST analysis for all five region, evaluating political, economic, social and technological factors affecting the medium and large satellite market in these regions.
IMPACT OF COVID-19 ON MEDIUM AND LARGE SATELLITE MARKET
The emergence of the COVID-19 has severely impacted the market growth, which resulted decline in the medium and large satellite market in the year 2020. Maximum of the sectors experienced an unfavorable impact of the pandemic on their businesses. Strict government regulations that were inflicted regarding ban on transportation mobility, triggered a commotion amid all industries. Numerous original and vital product presentations were postponed owing to the COVID-19 effect. For instance, the U.S. Space Force's Space and Missile Systems Center (SMC) reorganized the unveiling of GPS III-3, which is the GPS navigation satellite from April to June 2020, which is created by Lockheed Martin Corporation. Thus, such downfall in market dynamics during the pandemic period is expected to show positive outlook during the post pandemic period.
The report covers key developments in the medium and large satellite market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as advancement in products, reallocation of resources 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 in the medium and large satellite market are anticipated to provide lucrative growth opportunities in the future owing to growing demand for communication application.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the medium and large 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.
The satellites are manmade objects that are placed into orbit. These satellites often leave an impact on human lives without even knowing about them. These satellites offer more convenience, make our lives safer, and help in the broadcast of entertainment programs. There are several advantages of medium and large satellites such as satellites make the transmission coverage over the geographical area possible, and allows to obtain service from one single provider.
MARKET SCOPE
The "Global Medium and Large Satellite Market Analysis to 2028" is a specialized and in-depth study of the satellite with a special focus on the global market trend analysis. The report aims to provide an overview of the medium and large satellite market with detailed market segmentation by mass, application, and geography. The report provides key statistics on the market status of the leading medium and large satellite market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
MARKET DYNAMICS
Drivers-
Restraints-
REGIONAL FRAMEWORK
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 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America (SAM). The medium and large 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 trends. The report also provides exhaustive PEST analysis for all five region, evaluating political, economic, social and technological factors affecting the medium and large satellite market in these regions.
IMPACT OF COVID-19 ON MEDIUM AND LARGE SATELLITE MARKET
The emergence of the COVID-19 has severely impacted the market growth, which resulted decline in the medium and large satellite market in the year 2020. Maximum of the sectors experienced an unfavorable impact of the pandemic on their businesses. Strict government regulations that were inflicted regarding ban on transportation mobility, triggered a commotion amid all industries. Numerous original and vital product presentations were postponed owing to the COVID-19 effect. For instance, the U.S. Space Force's Space and Missile Systems Center (SMC) reorganized the unveiling of GPS III-3, which is the GPS navigation satellite from April to June 2020, which is created by Lockheed Martin Corporation. Thus, such downfall in market dynamics during the pandemic period is expected to show positive outlook during the post pandemic period.
The report covers key developments in the medium and large satellite market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as advancement in products, reallocation of resources 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 in the medium and large satellite market are anticipated to provide lucrative growth opportunities in the future owing to growing demand for communication application.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the medium and large 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.
- Airbus SAS
- Lockheed Martin Corporation
- L3Harris Technologies Inc.
- Northrop Grumman Corporation
- Sierra Nevada Corporation
- ST Engineering
- The Boeing Company
- Thales Group
- EchoStar Corporation
- Space Exploration Technologies Corp.
The List of Companies
1. Airbus SAS
2. Lockheed Martin Corporation
3. L3Harris Technologies Inc.
4. Northrop Grumman Corporation
5. Sierra Nevada Corporation
6. ST Engineering
7. The Boeing Company
8. Thales Group
9. EchoStar Corporation
10. Space Exploration Technologies Corp.
1. Airbus SAS
2. Lockheed Martin Corporation
3. L3Harris Technologies Inc.
4. Northrop Grumman Corporation
5. Sierra Nevada Corporation
6. ST Engineering
7. The Boeing Company
8. Thales Group
9. EchoStar Corporation
10. Space Exploration Technologies Corp.
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