Satellites weighing 500 kg and above are considered medium and large satellite. Micro or small satellites are used owing to their fast development schedules and low cost. These micro satellites are dedicated ones. However, small satellites come with many limitations and makes design of imaging payloads difficult. In an attempt to get over these constraints, medium and large satellites are made to send across several sensors at one single time.

The global medium and large satellite market is prognosticated to expand at a growth rate of 4.1 % CAGR over the period of forecast, from 2018 to 2026.

Some of the key players in the global medium and large satellite market comprise EchoStar Corporation, Airbus D&S, Lockheed Martin Corporation, Space Exploration Technologies Corp, Inmarsat PLC, and AMOS Spacecom.

medium and  large  satellite  market

Increased Investment in the Research and Development to Fuel Market Growth

Satellites are manmade objects that are placed into the orbit. These satellites often leave an impact on our lives without even us knowing about it. These satellites offer more convenience, make our lives safer, and help in the broadcast of entertainment programs.  Satellites are sent into the space to do a certain job. The type of satellite launched to send signals to television channels differs from the ones that is tasked to monitor weather. A satellite is designed to do a particular task to fulfill its mission.

The global medium and large satellite market is likely to be driven by the rising investment in the space industry. In addition, medium and large satellites come with wide range of applications, which works in favor of the global medium and large satellite market in near future. In addition, for the purpose of security, the demand for medium and large satellites is on the rise. Meteorological departments also need the services of these satellites for accurate forecasts of weather, which is expected to offer ample scope of growth for the market over the assessment tenure, from 2018 to 2026.

In addition, augmented demand of these satellites from the space and defense sector is estimated to come up as an important factor of growth for the global medium and large satellite market. The market is expected to be driven by low manufacturing cost, presence of trained workforce, and hassle-free launching facilities are expected to bolster its demand in the market in near future. However, in comparison with micro satellites, medium and large satellites come more expensive, which is likely to impede growth of the global medium and large satellite market in near future.

Driven by the US, North America to Lead the Market

Based on region, analysts at Transparency Market Research (TMR) analysts have segmented the global medium and large satellite market to offer a deeper understanding of the regional markets. Europe, North America, Asia Pacific, Latin America, and Middle East and Africa the major regional segments of the market.

Driven by the U.S., North America is expected to lead the market with a large share of the global medium and large satellite market. Early penetration of technology together with very high budget for space research and exploration activities are further likely to pave way for the growth of the market in the region.

Driven by increased research and development activities in India and China, Asia Pacific is likely to observe a rise in the demand for these satellites over the tenure of assessment, from 2018 to 2026.

Medium and Large Satellite Market – Overview

The ‘Medium and Large Satellite Market for Space Industry – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018 – 2026’ report provides an analysis of the medium and large satellite market for space industry for the period 2016–2026, wherein 2018 to 2026 is the forecast period, and 2017 is considered as the base year. Data for 2016 has been included as historical information. The report covers all the trends and technologies that play a major role in the growth of the medium and large satellite market for space industry during the forecast period. It highlights the drivers, restraints, and opportunities expected to influence the market’s expansion during this period. The study provides a holistic perspective on the market’s growth in terms of revenue (in US$ Bn) across different geographical regions that include North America, Europe, Asia Pacific, Middle East & Africa, and South America. The report highlights key trends affecting the market on a global scale. Furthermore, prominent countries/regions covered in the report include the U.S, Canada, U.K, Germany, France, Russia, India, China, Japan, Australia, GCC countries, South Africa, and Brazil.

Global Medium and Large Satellite Market for Space Industry: Overview

The report analyzes and forecasts the medium and large satellite market for space industry at the global and regional level. The report also comprises a detailed value chain analysis, which provides a comprehensive view of the global medium and large satellite market for space industry. Porter’s Five Forces model has been included to help understand the competitive landscape in the market. The study also highlights policies and regulations of different countries in this market. The study encompasses market attractiveness analysis, wherein end-users are benchmarked based on their market size, growth rate, and general attractiveness.

Global Medium and Large Satellite Market for Space Industry: Taxonomy

This research study on the global medium and large satellite market for space industry provides a detailed cross segment and cross country analysis based on segmentation categories such as solution, mass, band, orbit, propulsion type, application, and geography. Based on solution, the market has been divided into hardware, software, data processing and launch service. By mass, the market has been categorized into 500 Kg – 1000 Kg (Medium Satellites) and above 1000 Kg (Large Satellites). By band, the market has been divided into X-Band, K-Band, Ka-Band, and Others (Ku Band). On the basis of Orbit, the market is segmented into GEO (Geo-stationary Earth Orbit), MEO (Medium Earth Orbit), LEO (Low Earth Orbit), and HEO (Highly Elliptical Orbit). By propulsion type, the market is divided into chemical propulsion and electrical propulsion. Electrical propulsion is further segmented into Electrothermal, Electromagnetic, and Electrostatic. In terms of application, the market has been segmented into navigation and mapping, communication, reconnaissance, and others (earth observation and remote sensing). Based on geography, the market has been segmented into North America, Asia Pacific, Europe, Middle East & Africa, and South America.

Global Medium and Large Satellite Market for Space Industry: Research Methodology

Secondary research sources that are typically referred to include, but are not limited to company websites, annual reports, financial reports, broker reports, investor presentations, SEC filings, internal and external proprietary databases, relevant patent and regulatory databases, national government documents, statistical databases, market reports, news articles, press releases, webcasts specific to companies operating in the market, national government documents, statistical databases, market reports, Factiva, etc..

Primary research involves e-mail interactions, telephonic interviews, and face-to-face interviews for each market, category, segment, and sub-segment across geographies. We conduct primary interviews on an ongoing basis with industry participants and commentators in order to validate the data and analysis. Primary interviews provide first-hand information on the market size, market trends, growth trends, competitive landscape, outlook, etc. These help us validate and strengthen secondary research findings. They also help develop the analysis team’s market expertise and understanding.

Global Medium and Large Satellite Market for Space Industry: Competitive Dynamics

The report highlights well-established players operating in the market such as Gomspace, Lockheed Martin Corporation, SES SA, Inmarsat PLC, Airbus D&S, SpaceX, DigitalGlobe, UrtheCast, AMOS Spacecom, and EchoStar Corporation among others.

The global medium and large satellite market for space industry has been segmented as follows:

Global medium and large satellite market for space industry

By Solution

  • Hardware
  • Software
  • Data Processing
  • Launch Service

By Mass

  • 500 Kg – 1000 Kg (Medium satellites)
  • >1000 Kg (Large satellites)

By Band

  • X-band
  • K-Band
  • Ka-band
  • Others

By Orbit

  • GEO (Geo-stationary earth orbit)
  • MEO (medium earth orbit)
  • LEO (Low earth orbit)
  • HEO (Highly elliptical orbit)

By Propulsion Type

  • Chemical Propulsion
  • Electrical Propulsion
    • Electrothermal
    • Electromagnetic
    • Electrostatic

By Application

  • Navigation & Mapping
  • Communication
  • Reconnaissance
  • Others (Earth Observation and Remote Sensing)

By Geography

  • North America
    • U.S.
    • Canada
    • Rest of North America
  • Europe
    • Germany
    • U.K.
    • France
    • Russia
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • Australia
    • Rest of Asia Pacific
  • Middle East &Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa
  • South America
    • Brazil
    • Rest of South America

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