The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

During the forecast period, the increase in demand for Direct-To-Home (DTH) television services are expected to drive innovation in satellites manufacturing, thus driving the market during the forecast period.

The global satellites market is expected to grow from $25.68 billion in 2022 to $27.73 billion in 2023 at a compound annual growth rate (CAGR) of 8.0%. The global satellites market size is expected to grow to $33.59 billion in 2027 at a CAGR of 4.9%.

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Global Satellites Market Segments Include:

• By Type:Large Satellite, Mini Satellite, Micro Satellite
• By Orbit:Low Earth Orbit (Leo), Medium Earth Orbit (Meo), Geosynchronous Orbit (Geo), Elliptical Orbit
• By End User:Commercial, Civil, Government, Others
• By Application:Scientific Research, Technology Demonstration and Verification, Earth Observation and Remote Sensing, Scientific Research, Communication, Others 
• By Geography:The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia Pacific is the largest region in the global satellites market in 2021.

Major Market Players in the satellites market include Intelsat, SES S.A., Lockheed Martin Corporation, Airbus S.A.S., Millennium Space Systems Inc., Eutelsat Communications S.A., Boeing, Thales Group.

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. For instance, in 2020, D2H launched an internet-enabled, Android-based HD set-top box and a voice-enabled stick with Alexa built-in. It is worth noting that the new set-top box that has been launched by D2H is not a standard set-top box that only comes with a DTH connection. However, it is a hybrid set-top box that combines a DTH connection with over-the-top (OTT) content. A hybrid set-top box allows you to access both your OTT content online and your satellite TV channels simultaneously.

The Satellites Global Market Report 2023 provides a satellites market overview for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The satellites market forecast analyzes satellites market size, satellites market share, leading competitor market positions. The regions covered in the report include Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa and the countries include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

A satellite is an artificial body placed in orbit around the earth or another planet to collect data or communicate. Components of a satellite include communications system, a power system, and a propulsion system.

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