The main components of a satellite consist of the communications system, which includes the antennas and transponders that receive and retransmit signals, the power system, which includes the solar panels that provide power, and the propulsion system, which includes the rockets that propel the satellite. Satellites can gather huge data in a very quick time as compared to instruments used on the earth. Satellites can also observe into space in a better way than telescopes on the surface of Earth because they fly on the clouds, molecules & dust within the environment. The market is further Segmented into satellite configuration and components.
MARKET SCOPE
The satellite components market analysis from 2020 to 2028" is a specialized and in-depth study with a special focus on the global market trend analysis. The report aims to provide an overview of the satellite components market with detailed market segmentation by satellite configuration and components. The report provides key statistics on the market status of the leading satellite components market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
On the basis of Satellite configuration, the market is segmented into LEO, MEO and GEO
On the basis of components, the market is segmented into a communication system, control system and others.
MARKET DYNAMICS
Drivers- Utilization of satellites for defense and military purpose applications. Increment in the government investment in space technology.
Restraints- government laws associated with space launch programs and satellite components hamper the growth of the market.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The satellite component market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both the demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trends. The report also provides exhaustive porter's five forces analysis evaluating the factors affecting the satellite component market in these regions.
Impact of Covid-19 on Satellite Component Market
The satellite component market was not very much impacted during the covid 19 pandemic as there is continuous need and demand in the defence, government and commercial sectors. Although Consumer demand had been slightly affected as individuals were more keen on getting most essential demands fulfilled and reducing non-essential demands. Also during the lockdown when all the manufacturing industries were closed there was a slight decline in the production of satellite components as well, also when the government started lifting up the regulations the Satellite Components Market came in full power again and companies like AAC Clyde Space, DHV Technologies and ISISPACE Group have tried to get back on their toes as soon and as effectively as possible
MARKET PLAYERS
The report covers key developments in the satellite component market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market players from satellite component market are anticipated to have lucrative growth opportunities in the future with the rising demand for satellite component market in the global market. Below mentioned is the list of few companies engaged in the satellite component market.
The report also includes the profiles of key players in the satellite component market along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.
- Sat-Lite Technologies
- Viking Satcom
- Challenger Communication
- JONSA TECHNOLOGIES CO., LTD.
- Honeywell International Inc
- IHI Corporation
- ArianeGroup GmbH
- Safran
- Accion Systems
- AVIO SPA