Global GEO satellite market is anticipated to witness exponential growth in the forecast period. GEO (Geosynchronous equatorial orbit), also termed as “Geostationary Orbit”, is a circular geosynchronous orbit 35,786 km (22,236 mi) above Earth's equator and following the direction of Earth's revolution.
Factors, such as increasing demand from satellite TV, weather forecasting, satellite radio and most other types of worldwide communications and increase the satellite orbital inclination are likely to drive the market in the forthcoming period. On the other hand, incomplete geographical coverage and high altitude are anticipated to hinder GEO satellite market growth in the future.
However, technological advancement is likely to create lucrative opportunities for the market. Globally, market is anticipated to expand at a significant CAGR in the upcoming period as the scope, product types, and its applications are increasing across the globe.
GEO satellite market could be explored by type, end user and geography. The market could be explored by type as >500 kg, 50-500 kg and <50 kg. The market could be explored based on end users as Military Surveillance, Commercial Communications, Navigation, Earth Observation, and Others. The “Commercial Communications” segment accounted for a prominent share in the market. It is likely to witness substantial growth in the years to come.
North America is a leading region in the market. It is likely to maintain a dominance in the forecast period owing to factors, such as technological advancement, increase the satellite orbital inclination, high demand from military surveillance and increasing demand from key end users. North America is followed by Europe and Asia-Pacific region owing to technological advancement in the field and increasing demand.
Key players operating in the GEO satellite market include OHB SE, Airbus Defense and Space, JSC Information Satellite Systems, Boeing Defense, Space & Security, Orbital ATK, Lockheed Martin, Thales Alenia Space, Space Systems/Loral, and others. The leading companies are involved in partnerships, mergers and acquisitions, and joint ventures in order to boost the inorganic growth of the industry.
Geographically, this report is segmented into several key Regions, with production, consumption, revenue (M USD), market share and growth rate of GEO Satellite in these regions, from 2012 to 2023 (forecast), covering
• North America (United States, Canada and Mexico)
• Europe (Germany, France, UK, Russia and Italy)
• Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
• South America (Brazil, Argentina, Columbia)
• Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
Global GEO Satellite market competition by top manufacturers, with production, price, revenue (value) and market share for each manufacturer; the top players including
• Airbus Defence and Space
• OHB SE
• Boeing Defense, Space & Security
• JSC Information Satellite Systems
• Lockheed Martin
• Orbital ATK
• Space Systems/Loral
• Thales Alenia Space
On the basis of product, this report displays the production, revenue, price, market share and growth rate of each type, primarily split into
• <50 kg
• 50-500 kg
• >500 kg
On the basis on the end users/applications, this report focuses on the status and outlook for major applications/end users, consumption (sales), market share and growth rate of GEO Satellite for each application, including
• Commercial Communications
• Earth Observation
• Military Surveillance
Research Support Specialist, USA