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The satellites market is expected to grow from $23.15 billion in 2021 to $24.63 billion in 2022 at a compound annual growth rate (CAGR) of 6.4%.The market is expected to grow to $27.42 billion in 2026 at a CAGR of 2.7%.

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Satellites Market Driver

During the forecast period, increasing demand for Direct-To-Home (DTH) television services globally contributed to the satellite market’s growth. The DTH (Direct to Home) service is basically a digital satellite service that delivers satellite television programming promptly to a subscriber’s home.

Satellites Market Trends

The launch of hybrid DTH Set-Top Boxes is gaining popularity in the satellite market. The Hybrid Set-Top Boxes are something that surfaced as a result of DTH operators trying to bring online content to TV screens.

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Satellites Market Segmentation By The Business Research Company

1) By Type: Large Satellite, Mini Satellite, Micro Satellite

2) By Orbit: Low Earth Orbit (Leo), Medium Earth Orbit (Meo), Geosynchronous Orbit (Geo), Elliptical Orbit

3) By End Userr: Commercial, Civil, Government, Others

4) By Application: Scientific Research, Technology Demonstration And Verification, Earth Observation And Remote Sensing, Scientific Research, Communication, Others

Major Players And Regions Of The Satellites Market

Major players in the satellites market are Intelsat, SES S.A., Lockheed Martin Corporation, Airbus S.A.S., Millennium Space Systems Inc., Eutelsat Communications S.A., Boeing, Thales Group, Orbital Sciences Corporation, Planet Labs Inc., AAC Clyde Space, Adcole Maryland Aerospace LLC, Alen Space, Blacksky, Blue Canyon Technologies(BCT), Endursat, Exolaunch GmbH, G.A.U.S.S. Srl, Geooptics Inc, Gomspace, L3Harris Technologies Inc., Nanoavionics, Nanoracks, Viasat Inc., Telesat, EchoStar Corporation, L3 Technologies Inc., Thuraya Telecommunications Company, SKY Perfect JSAT Group, Gilat Satellite Networks and Cobham Limited.

Asia Pacific was the largest region in the satellites market in 2021 and Asia Pacific is expected to be the fastest-growing region in the forecast period.

The Satellites Market Report 2022 covers regional data on key drivers, opportunities, and strategies for the seven major regions of the world that are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The report includes market size and forecast market shares for all the regions and countries with respect to the major players of the satellites market.

View More Reports Related To The Satellites Market –

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Low Earth Orbit (LEO) Satellites Global Market Report 2022

Military Satellites Global Market Report 2022

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