Global Medium and Large Satellite Market Size study & Forecast, by Orbit (LEO, MEO, GEO Others), by Application (Earth Observation, Navigation and Global Positioning, Communication, Others), by End User (Commercial, Government, Military), by Payload (Up to 5000 kg, 5000 to 10000 kg, Above 10000 kg) and Regional Analysis, 2023-2030
Global Medium and Large Satellite Market is valued at approximately USD 7.90 billion in 2022 and is anticipated to grow with a healthy growth rate of more than 4.7% over the forecast period 2023-2030. Medium and large satellites refer to categories of artificial satellites based on their size, weight, and capabilities. Medium satellites are typically characterized by their moderate size and weight. They are larger than small satellites but smaller than large satellites. The weight of a medium satellite can range from a few hundred kilograms to several thousand kilograms. These satellites often have a size ranging from a few meters to around 10 meters in length. Large satellites are generally the heaviest and most substantial in size among artificial satellites. They can weigh several tons and have dimensions ranging from tens of meters to even larger sizes. Large satellites are often used for advanced communication networks, global positioning systems (GPS), weather monitoring, military surveillance, and deep space exploration missions. The Medium and Large Satellite market is expanding because of factors such as increasing space exploration projects and increased demand for military reconnaissance and communication applications.
There has been an excess of satellite demand for communication and military reconnaissance applications. Governments, space agencies, defense agencies, private defense contractors, and private space industry players place a strong emphasis on improving communication network capabilities for civilian and military reconnaissance uses such as intelligence, surveillance, target, and data acquisition applications. For instance, The Defense Acquisition Program Administration (DAPA) of South Korea awarded contracts worth USD 307 million to Hanwha Systems and LIG Nex1 in September 2021 in connection with ANASIS-II, the nation's first dedicated military communications satellite. NASA and private firms reached a USD 280 million agreement in April 2022 to begin developing near-Earth space communication services. The companies are creating and displaying technologies for communications near Earth. Among the commercial companies are SpaceX, Kuiper Government Solutions, Viasat Inc., Inmarsat Government, SES Government Solutions, and Telesat U.S. Services. The launch of four other missions this year, the orbiting of 24 Earth scientific projects, and the launch of four more missions in 2022 were also announced by the space agency. In June 2022, the United Launch Alliance and SpaceX signed an agreement with the U.S. Space Force for missions that would launch over the ensuing two years, totaling USD 846 million. Thus, the rising number of space exploration activities is driving the market growth. In addition, rising government spending on defense and space programs and the rising utility of satellite imaging for homeland security and defense are creating new opportunities for market growth. However, the high initial investment in space infrastructure with satellite components and installations stifles market growth throughout the forecast period of 2023-2030.
The key regions considered for the Global Medium and Large Satellite Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. North America dominated the market in 2022 owing to factors including increasing funding for R&D activities, an increase in the number of satellite development projects and space programs, and government support for the space sector. On the other hand, Asia Pacific is predicted to have significant growth as a result of factors including expanding space exploration activities, rising number of research and development programs as well as expanding space budgets in the region.
Major market player included in this report are:
Airbus SAS
Lockheed Martin Corporation
L3Harris Technologies Inc.
Space Exploration Technologies Corporation
National Aeronautics and Space Administration
Northrop Grumman Corporation
Sierra Nevada Corporation
Singapore Technologies Engineering Ltd
The Boeing Company
Thales Group
Recent Developments in the Market:
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and Orbit offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Orbit:
LEO
MEO
GEO
Others
By Application:
Earth Observation
Navigation and Global Positioning
Communication
Others
By End User:
Commercial
Government
Military
By Payload:
Up to 5000 kg
5000 to 10000 kg
Above 10000 kg
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa
There has been an excess of satellite demand for communication and military reconnaissance applications. Governments, space agencies, defense agencies, private defense contractors, and private space industry players place a strong emphasis on improving communication network capabilities for civilian and military reconnaissance uses such as intelligence, surveillance, target, and data acquisition applications. For instance, The Defense Acquisition Program Administration (DAPA) of South Korea awarded contracts worth USD 307 million to Hanwha Systems and LIG Nex1 in September 2021 in connection with ANASIS-II, the nation's first dedicated military communications satellite. NASA and private firms reached a USD 280 million agreement in April 2022 to begin developing near-Earth space communication services. The companies are creating and displaying technologies for communications near Earth. Among the commercial companies are SpaceX, Kuiper Government Solutions, Viasat Inc., Inmarsat Government, SES Government Solutions, and Telesat U.S. Services. The launch of four other missions this year, the orbiting of 24 Earth scientific projects, and the launch of four more missions in 2022 were also announced by the space agency. In June 2022, the United Launch Alliance and SpaceX signed an agreement with the U.S. Space Force for missions that would launch over the ensuing two years, totaling USD 846 million. Thus, the rising number of space exploration activities is driving the market growth. In addition, rising government spending on defense and space programs and the rising utility of satellite imaging for homeland security and defense are creating new opportunities for market growth. However, the high initial investment in space infrastructure with satellite components and installations stifles market growth throughout the forecast period of 2023-2030.
The key regions considered for the Global Medium and Large Satellite Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. North America dominated the market in 2022 owing to factors including increasing funding for R&D activities, an increase in the number of satellite development projects and space programs, and government support for the space sector. On the other hand, Asia Pacific is predicted to have significant growth as a result of factors including expanding space exploration activities, rising number of research and development programs as well as expanding space budgets in the region.
Major market player included in this report are:
Airbus SAS
Lockheed Martin Corporation
L3Harris Technologies Inc.
Space Exploration Technologies Corporation
National Aeronautics and Space Administration
Northrop Grumman Corporation
Sierra Nevada Corporation
Singapore Technologies Engineering Ltd
The Boeing Company
Thales Group
Recent Developments in the Market:
- In May 2023, SpaceX launched the American ViaSat-3 broadband satellite with a Falcon Heavy rocket. The Falcon Heavy was launched from Florida's NASA Kennedy Space Centre on its sixth rocket mission since the beginning of 2018 with the intention of reaching geostationary orbit (GEO).
- Historical Data – 2020 - 2021
- Base Year for Estimation – 2022
- Forecast period - 2023-2030
- Report Coverage - Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
- Segments Covered - Orbit, Application, End-User, Payload, Region
- Regional Scope - North America; Europe; Asia Pacific; Latin America; Middle East & Africa
- Customization Scope - Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and Orbit offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Orbit:
LEO
MEO
GEO
Others
By Application:
Earth Observation
Navigation and Global Positioning
Communication
Others
By End User:
Commercial
Government
Military
By Payload:
Up to 5000 kg
5000 to 10000 kg
Above 10000 kg
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa
CHAPTER 1. EXECUTIVE SUMMARY
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2020-2030 (USD Billion)
1.2.1. Medium and Large Satellite Market, by Region, 2020-2030 (USD Billion)
1.2.2. Medium and Large Satellite Market, by Orbit, 2020-2030 (USD Billion)
1.2.3. Medium and Large Satellite Market, by Application, 2020-2030 (USD Billion)
1.2.4. Medium and Large Satellite Market, by End User, 2020-2030 (USD Billion)
1.2.5. Medium and Large Satellite Market, by Payload, 2020-2030 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
CHAPTER 2. GLOBAL MEDIUM AND LARGE SATELLITE MARKET DEFINITION AND SCOPE
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Industry Evolution
2.2.2. Scope of the Study
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
CHAPTER 3. GLOBAL MEDIUM AND LARGE SATELLITE MARKET DYNAMICS
3.1. Medium and Large Satellite Market Impact Analysis (2020-2030)
3.1.1. Market Drivers
3.1.1.1. Increasing space exploration projects
3.1.1.2. Increased demand for military reconnaissance and communication applications.
3.1.2. Market Challenges
3.1.2.1. High initial investment in space infrastructure with satellite components and installations
3.1.3. Market Opportunities
3.1.3.1. Rising government spending on defence and space programs
3.1.3.2. Rising utility of satellite imaging for homeland security and defense
CHAPTER 4. GLOBAL MEDIUM AND LARGE SATELLITE MARKET INDUSTRY ANALYSIS
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.2. Porter’s 5 Force Impact Analysis
4.3. PEST Analysis
4.3.1. Political
4.3.2. Economical
4.3.3. Social
4.3.4. Technological
4.3.5. Environmental
4.3.6. Legal
4.4. Top investment opportunity
4.5. Top winning strategies
4.6. COVID-19 Impact Analysis
4.7. Disruptive Trends
4.8. Industry Expert Perspective
4.9. Analyst Recommendation & Conclusion
CHAPTER 5. GLOBAL MEDIUM AND LARGE SATELLITE MARKET, BY ORBIT
5.1. Market Snapshot
5.2. Global Medium and Large Satellite Market by Orbit, Performance - Potential Analysis
5.3. Global Medium and Large Satellite Market Estimates & Forecasts by Orbit 2020-2030 (USD Billion)
5.4. Medium and Large Satellite Market, Sub Segment Analysis
5.4.1. LEO
5.4.2. MEO
5.4.3. GEO
5.4.4. Others
CHAPTER 6. GLOBAL MEDIUM AND LARGE SATELLITE MARKET, BY APPLICATION
6.1. Market Snapshot
6.2. Global Medium and Large Satellite Market by Application, Performance - Potential Analysis
6.3. Global Medium and Large Satellite Market Estimates & Forecasts by Application 2020-2030 (USD Billion)
6.4. Medium and Large Satellite Market, Sub Segment Analysis
6.4.1. Earth Observation
6.4.2. Navigation and Global Positioning
6.4.3. Communication
6.4.4. Others
CHAPTER 7. GLOBAL MEDIUM AND LARGE SATELLITE MARKET, BY END USER
7.1. Market Snapshot
7.2. Global Medium and Large Satellite Market by End User, Performance - Potential Analysis
7.3. Global Medium and Large Satellite Market Estimates & Forecasts by End User 2020-2030 (USD Billion)
7.4. Medium and Large Satellite Market, Sub Segment Analysis
7.4.1. Commercial
7.4.2. Government
7.4.3. Military
CHAPTER 8. GLOBAL MEDIUM AND LARGE SATELLITE MARKET, BY PAYLOAD
8.1. Market Snapshot
8.2. Global Medium and Large Satellite Market by Payload, Performance - Potential Analysis
8.3. Global Medium and Large Satellite Market Estimates & Forecasts by Payload 2020-2030 (USD Billion)
8.4. Medium and Large Satellite Market, Sub Segment Analysis
8.4.1. Up to 5000 kg
8.4.2. 5000 to 10000 kg
8.4.3. Above 10000 kg
CHAPTER 9. GLOBAL MEDIUM AND LARGE SATELLITE MARKET, REGIONAL ANALYSIS
9.1. Top Leading Countries
9.2. Top Emerging Countries
9.3. Medium and Large Satellite Market, Regional Market Snapshot
9.4. North America Medium and Large Satellite Market
9.4.1. U.S. Medium and Large Satellite Market
9.4.1.1. Orbit breakdown estimates & forecasts, 2020-2030
9.4.1.2. Application breakdown estimates & forecasts, 2020-2030
9.4.1.3. End User breakdown estimates & forecasts, 2020-2030
9.4.1.4. Payload breakdown estimates & forecasts, 2020-2030
9.4.2. Canada Medium and Large Satellite Market
9.5. Europe Medium and Large Satellite Market Snapshot
9.5.1. U.K. Medium and Large Satellite Market
9.5.2. Germany Medium and Large Satellite Market
9.5.3. France Medium and Large Satellite Market
9.5.4. Spain Medium and Large Satellite Market
9.5.5. Italy Medium and Large Satellite Market
9.5.6. Rest of Europe Medium and Large Satellite Market
9.6. Asia-Pacific Medium and Large Satellite Market Snapshot
9.6.1. China Medium and Large Satellite Market
9.6.2. India Medium and Large Satellite Market
9.6.3. Japan Medium and Large Satellite Market
9.6.4. Australia Medium and Large Satellite Market
9.6.5. South Korea Medium and Large Satellite Market
9.6.6. Rest of Asia Pacific Medium and Large Satellite Market
9.7. Latin America Medium and Large Satellite Market Snapshot
9.7.1. Brazil Medium and Large Satellite Market
9.7.2. Mexico Medium and Large Satellite Market
9.8. Middle East & Africa Medium and Large Satellite Market
9.8.1. Saudi Arabia Medium and Large Satellite Market
9.8.2. South Africa Medium and Large Satellite Market
9.8.3. Rest of Middle East & Africa Medium and Large Satellite Market
CHAPTER 10. COMPETITIVE INTELLIGENCE
10.1. Key Company SWOT Analysis
10.1.1. Company
10.1.2. Company
10.1.3. Company
10.2. Top Market Strategies
10.3. Company Profiles
10.3.1. Airbus SAS
10.3.1.1. Key Information
10.3.1.2. Overview
10.3.1.3. Financial (Subject to Data Availability)
10.3.1.4. Product Summary
10.3.1.5. Recent Developments
10.3.2. Lockheed Martin Corporation
10.3.3. L3Harris Technologies Inc.
10.3.4. Space Exploration Technologies Corporation
10.3.5. National Aeronautics and Space Administration
10.3.6. Northrop Grumman Corporation
10.3.7. Sierra Nevada Corporation
10.3.8. Singapore Technologies Engineering Ltd
10.3.9. The Boeing Company
10.3.10. Thales Group
CHAPTER 11. RESEARCH PROCESS
11.1. Research Process
11.1.1. Data Mining
11.1.2. Analysis
11.1.3. Market Estimation
11.1.4. Validation
11.1.5. Publishing
11.2. Research Attributes
11.3. Research Assumption
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2020-2030 (USD Billion)
1.2.1. Medium and Large Satellite Market, by Region, 2020-2030 (USD Billion)
1.2.2. Medium and Large Satellite Market, by Orbit, 2020-2030 (USD Billion)
1.2.3. Medium and Large Satellite Market, by Application, 2020-2030 (USD Billion)
1.2.4. Medium and Large Satellite Market, by End User, 2020-2030 (USD Billion)
1.2.5. Medium and Large Satellite Market, by Payload, 2020-2030 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
CHAPTER 2. GLOBAL MEDIUM AND LARGE SATELLITE MARKET DEFINITION AND SCOPE
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Industry Evolution
2.2.2. Scope of the Study
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
CHAPTER 3. GLOBAL MEDIUM AND LARGE SATELLITE MARKET DYNAMICS
3.1. Medium and Large Satellite Market Impact Analysis (2020-2030)
3.1.1. Market Drivers
3.1.1.1. Increasing space exploration projects
3.1.1.2. Increased demand for military reconnaissance and communication applications.
3.1.2. Market Challenges
3.1.2.1. High initial investment in space infrastructure with satellite components and installations
3.1.3. Market Opportunities
3.1.3.1. Rising government spending on defence and space programs
3.1.3.2. Rising utility of satellite imaging for homeland security and defense
CHAPTER 4. GLOBAL MEDIUM AND LARGE SATELLITE MARKET INDUSTRY ANALYSIS
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.2. Porter’s 5 Force Impact Analysis
4.3. PEST Analysis
4.3.1. Political
4.3.2. Economical
4.3.3. Social
4.3.4. Technological
4.3.5. Environmental
4.3.6. Legal
4.4. Top investment opportunity
4.5. Top winning strategies
4.6. COVID-19 Impact Analysis
4.7. Disruptive Trends
4.8. Industry Expert Perspective
4.9. Analyst Recommendation & Conclusion
CHAPTER 5. GLOBAL MEDIUM AND LARGE SATELLITE MARKET, BY ORBIT
5.1. Market Snapshot
5.2. Global Medium and Large Satellite Market by Orbit, Performance - Potential Analysis
5.3. Global Medium and Large Satellite Market Estimates & Forecasts by Orbit 2020-2030 (USD Billion)
5.4. Medium and Large Satellite Market, Sub Segment Analysis
5.4.1. LEO
5.4.2. MEO
5.4.3. GEO
5.4.4. Others
CHAPTER 6. GLOBAL MEDIUM AND LARGE SATELLITE MARKET, BY APPLICATION
6.1. Market Snapshot
6.2. Global Medium and Large Satellite Market by Application, Performance - Potential Analysis
6.3. Global Medium and Large Satellite Market Estimates & Forecasts by Application 2020-2030 (USD Billion)
6.4. Medium and Large Satellite Market, Sub Segment Analysis
6.4.1. Earth Observation
6.4.2. Navigation and Global Positioning
6.4.3. Communication
6.4.4. Others
CHAPTER 7. GLOBAL MEDIUM AND LARGE SATELLITE MARKET, BY END USER
7.1. Market Snapshot
7.2. Global Medium and Large Satellite Market by End User, Performance - Potential Analysis
7.3. Global Medium and Large Satellite Market Estimates & Forecasts by End User 2020-2030 (USD Billion)
7.4. Medium and Large Satellite Market, Sub Segment Analysis
7.4.1. Commercial
7.4.2. Government
7.4.3. Military
CHAPTER 8. GLOBAL MEDIUM AND LARGE SATELLITE MARKET, BY PAYLOAD
8.1. Market Snapshot
8.2. Global Medium and Large Satellite Market by Payload, Performance - Potential Analysis
8.3. Global Medium and Large Satellite Market Estimates & Forecasts by Payload 2020-2030 (USD Billion)
8.4. Medium and Large Satellite Market, Sub Segment Analysis
8.4.1. Up to 5000 kg
8.4.2. 5000 to 10000 kg
8.4.3. Above 10000 kg
CHAPTER 9. GLOBAL MEDIUM AND LARGE SATELLITE MARKET, REGIONAL ANALYSIS
9.1. Top Leading Countries
9.2. Top Emerging Countries
9.3. Medium and Large Satellite Market, Regional Market Snapshot
9.4. North America Medium and Large Satellite Market
9.4.1. U.S. Medium and Large Satellite Market
9.4.1.1. Orbit breakdown estimates & forecasts, 2020-2030
9.4.1.2. Application breakdown estimates & forecasts, 2020-2030
9.4.1.3. End User breakdown estimates & forecasts, 2020-2030
9.4.1.4. Payload breakdown estimates & forecasts, 2020-2030
9.4.2. Canada Medium and Large Satellite Market
9.5. Europe Medium and Large Satellite Market Snapshot
9.5.1. U.K. Medium and Large Satellite Market
9.5.2. Germany Medium and Large Satellite Market
9.5.3. France Medium and Large Satellite Market
9.5.4. Spain Medium and Large Satellite Market
9.5.5. Italy Medium and Large Satellite Market
9.5.6. Rest of Europe Medium and Large Satellite Market
9.6. Asia-Pacific Medium and Large Satellite Market Snapshot
9.6.1. China Medium and Large Satellite Market
9.6.2. India Medium and Large Satellite Market
9.6.3. Japan Medium and Large Satellite Market
9.6.4. Australia Medium and Large Satellite Market
9.6.5. South Korea Medium and Large Satellite Market
9.6.6. Rest of Asia Pacific Medium and Large Satellite Market
9.7. Latin America Medium and Large Satellite Market Snapshot
9.7.1. Brazil Medium and Large Satellite Market
9.7.2. Mexico Medium and Large Satellite Market
9.8. Middle East & Africa Medium and Large Satellite Market
9.8.1. Saudi Arabia Medium and Large Satellite Market
9.8.2. South Africa Medium and Large Satellite Market
9.8.3. Rest of Middle East & Africa Medium and Large Satellite Market
CHAPTER 10. COMPETITIVE INTELLIGENCE
10.1. Key Company SWOT Analysis
10.1.1. Company
10.1.2. Company
10.1.3. Company
10.2. Top Market Strategies
10.3. Company Profiles
10.3.1. Airbus SAS
10.3.1.1. Key Information
10.3.1.2. Overview
10.3.1.3. Financial (Subject to Data Availability)
10.3.1.4. Product Summary
10.3.1.5. Recent Developments
10.3.2. Lockheed Martin Corporation
10.3.3. L3Harris Technologies Inc.
10.3.4. Space Exploration Technologies Corporation
10.3.5. National Aeronautics and Space Administration
10.3.6. Northrop Grumman Corporation
10.3.7. Sierra Nevada Corporation
10.3.8. Singapore Technologies Engineering Ltd
10.3.9. The Boeing Company
10.3.10. Thales Group
CHAPTER 11. RESEARCH PROCESS
11.1. Research Process
11.1.1. Data Mining
11.1.2. Analysis
11.1.3. Market Estimation
11.1.4. Validation
11.1.5. Publishing
11.2. Research Attributes
11.3. Research Assumption
