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Global Medium and Large Satellite Market to reach USD 11.41 billion by the end of 2030.

Global Medium and Large Satellite Market Size study & Forecast, by Orbit (LEO, MEO, GEO Others), by Application (Earth Observation, Navigation and Global Positioning, Communication, Others), by End User (Commercial, Government, Military), by Payload (Up to 5000 kg, 5000 to 10000 kg, Above 10000 kg) and Regional Analysis, 2023-2030

Product Code: SSAD-80345919
Publish Date: 30-10-2023
Page: 200

Global Medium and Large Satellite Market is valued at approximately USD 7.90 billion in 2022 and is anticipated to grow with a healthy growth rate of more than 4.7% over the forecast period 2023-2030. Medium and large satellites refer to categories of artificial satellites based on their size, weight, and capabilities. Medium satellites are typically characterized by their moderate size and weight. They are larger than small satellites but smaller than large satellites. The weight of a medium satellite can range from a few hundred kilograms to several thousand kilograms. These satellites often have a size ranging from a few meters to around 10 meters in length. Large satellites are generally the heaviest and most substantial in size among artificial satellites. They can weigh several tons and have dimensions ranging from tens of meters to even larger sizes. Large satellites are often used for advanced communication networks, global positioning systems (GPS), weather monitoring, military surveillance, and deep space exploration missions. The Medium and Large Satellite market is expanding because of factors such as increasing space exploration projects and increased demand for military reconnaissance and communication applications.

There has been an excess of satellite demand for communication and military reconnaissance applications. Governments, space agencies, defense agencies, private defense contractors, and private space industry players place a strong emphasis on improving communication network capabilities for civilian and military reconnaissance uses such as intelligence, surveillance, target, and data acquisition applications. For instance, The Defense Acquisition Program Administration (DAPA) of South Korea awarded contracts worth USD 307 million to Hanwha Systems and LIG Nex1 in September 2021 in connection with ANASIS-II, the nation’s first dedicated military communications satellite. NASA and private firms reached a USD 280 million agreement in April 2022 to begin developing near-Earth space communication services. The companies are creating and displaying technologies for communications near Earth. Among the commercial companies are SpaceX, Kuiper Government Solutions, Viasat Inc., Inmarsat Government, SES Government Solutions, and Telesat U.S. Services. The launch of four other missions this year, the orbiting of 24 Earth scientific projects, and the launch of four more missions in 2022 were also announced by the space agency. In June 2022, the United Launch Alliance and SpaceX signed an agreement with the U.S. Space Force for missions that would launch over the ensuing two years, totaling USD 846 million. Thus, the rising number of space exploration activities is driving the market growth. In addition, rising government spending on defense and space programs and the rising utility of satellite imaging for homeland security and defense are creating new opportunities for market growth. However, the high initial investment in space infrastructure with satellite components and installations stifles market growth throughout the forecast period of 2023-2030.

The key regions considered for the Global Medium and Large Satellite Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. North America dominated the market in 2022 owing to factors including increasing funding for R&D activities, an increase in the number of satellite development projects and space programs, and government support for the space sector. On the other hand, Asia Pacific is predicted to have significant growth as a result of factors including expanding space exploration activities, rising number of research and development programs as well as expanding space budgets in the region.

Major market player included in this report are:
Airbus SAS
Lockheed Martin Corporation
L3Harris Technologies Inc.
Space Exploration Technologies Corporation
National Aeronautics and Space Administration
Northrop Grumman Corporation
Sierra Nevada Corporation
Singapore Technologies Engineering Ltd
The Boeing Company
Thales Group

Recent Developments in the Market:
Ø In May 2023, SpaceX launched the American ViaSat-3 broadband satellite with a Falcon Heavy rocket. The Falcon Heavy was launched from Florida’s NASA Kennedy Space Centre on its sixth rocket mission since the beginning of 2018 with the intention of reaching geostationary orbit (GEO).

Global Medium and Large Satellite Market Report Scope:
ü Historical Data – 2020 – 2021
ü Base Year for Estimation – 2022
ü Forecast period – 2023-2030
ü Report Coverage – Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
ü Segments Covered – Orbit, Application, End-User, Payload, Region
ü Regional Scope – North America; Europe; Asia Pacific; Latin America; Middle East & Africa
ü Customization Scope – Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and Orbit offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Orbit:

By Application:
Earth Observation
Navigation and Global Positioning
By End User:
By Payload:
Up to 5000 kg
5000 to 10000 kg
Above 10000 kg

By Region:

North America


Asia Pacific
South Korea

Latin America

Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2020-2030 (USD Billion)
1.2.1. Medium and Large Satellite Market, by Region, 2020-2030 (USD Billion)
1.2.2. Medium and Large Satellite Market, by Orbit, 2020-2030 (USD Billion)
1.2.3. Medium and Large Satellite Market, by Application, 2020-2030 (USD Billion)
1.2.4. Medium and Large Satellite Market, by End User, 2020-2030 (USD Billion)
1.2.5. Medium and Large Satellite Market, by Payload, 2020-2030 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Medium and Large Satellite Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Industry Evolution
2.2.2. Scope of the Study
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Medium and Large Satellite Market Dynamics
3.1. Medium and Large Satellite Market Impact Analysis (2020-2030)
3.1.1. Market Drivers Increasing space exploration projects Increased demand for military reconnaissance and communication applications.
3.1.2. Market Challenges High initial investment in space infrastructure with satellite components and installations
3.1.3. Market Opportunities Rising government spending on defence and space programs Rising utility of satellite imaging for homeland security and defense
Chapter 4. Global Medium and Large Satellite Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.2. Porter’s 5 Force Impact Analysis
4.3. PEST Analysis
4.3.1. Political
4.3.2. Economical
4.3.3. Social
4.3.4. Technological
4.3.5. Environmental
4.3.6. Legal
4.4. Top investment opportunity
4.5. Top winning strategies
4.6. COVID-19 Impact Analysis
4.7. Disruptive Trends
4.8. Industry Expert Perspective
4.9. Analyst Recommendation & Conclusion
Chapter 5. Global Medium and Large Satellite Market, by Orbit
5.1. Market Snapshot
5.2. Global Medium and Large Satellite Market by Orbit, Performance – Potential Analysis
5.3. Global Medium and Large Satellite Market Estimates & Forecasts by Orbit 2020-2030 (USD Billion)
5.4. Medium and Large Satellite Market, Sub Segment Analysis
5.4.1. LEO
5.4.2. MEO
5.4.3. GEO
5.4.4. Others
Chapter 6. Global Medium and Large Satellite Market, by Application
6.1. Market Snapshot
6.2. Global Medium and Large Satellite Market by Application, Performance – Potential Analysis
6.3. Global Medium and Large Satellite Market Estimates & Forecasts by Application 2020-2030 (USD Billion)
6.4. Medium and Large Satellite Market, Sub Segment Analysis
6.4.1. Earth Observation
6.4.2. Navigation and Global Positioning
6.4.3. Communication
6.4.4. Others
Chapter 7. Global Medium and Large Satellite Market, by End User
7.1. Market Snapshot
7.2. Global Medium and Large Satellite Market by End User, Performance – Potential Analysis
7.3. Global Medium and Large Satellite Market Estimates & Forecasts by End User 2020-2030 (USD Billion)
7.4. Medium and Large Satellite Market, Sub Segment Analysis
7.4.1. Commercial
7.4.2. Government
7.4.3. Military
Chapter 8. Global Medium and Large Satellite Market, by Payload
8.1. Market Snapshot
8.2. Global Medium and Large Satellite Market by Payload, Performance – Potential Analysis
8.3. Global Medium and Large Satellite Market Estimates & Forecasts by Payload 2020-2030 (USD Billion)
8.4. Medium and Large Satellite Market, Sub Segment Analysis
8.4.1. Up to 5000 kg
8.4.2. 5000 to 10000 kg
8.4.3. Above 10000 kg
Chapter 9. Global Medium and Large Satellite Market, Regional Analysis
9.1. Top Leading Countries
9.2. Top Emerging Countries
9.3. Medium and Large Satellite Market, Regional Market Snapshot
9.4. North America Medium and Large Satellite Market
9.4.1. U.S. Medium and Large Satellite Market Orbit breakdown estimates & forecasts, 2020-2030 Application breakdown estimates & forecasts, 2020-2030 End User breakdown estimates & forecasts, 2020-2030 Payload breakdown estimates & forecasts, 2020-2030
9.4.2. Canada Medium and Large Satellite Market
9.5. Europe Medium and Large Satellite Market Snapshot
9.5.1. U.K. Medium and Large Satellite Market
9.5.2. Germany Medium and Large Satellite Market
9.5.3. France Medium and Large Satellite Market
9.5.4. Spain Medium and Large Satellite Market
9.5.5. Italy Medium and Large Satellite Market
9.5.6. Rest of Europe Medium and Large Satellite Market
9.6. Asia-Pacific Medium and Large Satellite Market Snapshot
9.6.1. China Medium and Large Satellite Market
9.6.2. India Medium and Large Satellite Market
9.6.3. Japan Medium and Large Satellite Market
9.6.4. Australia Medium and Large Satellite Market
9.6.5. South Korea Medium and Large Satellite Market
9.6.6. Rest of Asia Pacific Medium and Large Satellite Market
9.7. Latin America Medium and Large Satellite Market Snapshot
9.7.1. Brazil Medium and Large Satellite Market
9.7.2. Mexico Medium and Large Satellite Market
9.8. Middle East & Africa Medium and Large Satellite Market
9.8.1. Saudi Arabia Medium and Large Satellite Market
9.8.2. South Africa Medium and Large Satellite Market
9.8.3. Rest of Middle East & Africa Medium and Large Satellite Market

Chapter 10. Competitive Intelligence
10.1. Key Company SWOT Analysis
10.1.1. Company 1
10.1.2. Company 2
10.1.3. Company 3
10.2. Top Market Strategies
10.3. Company Profiles
10.3.1. Airbus SAS Key Information Overview Financial (Subject to Data Availability) Product Summary Recent Developments
10.3.2. Lockheed Martin Corporation
10.3.3. L3Harris Technologies Inc.
10.3.4. Space Exploration Technologies Corporation
10.3.5. National Aeronautics and Space Administration
10.3.6. Northrop Grumman Corporation
10.3.7. Sierra Nevada Corporation
10.3.8. Singapore Technologies Engineering Ltd
10.3.9. The Boeing Company
10.3.10. Thales Group
Chapter 11. Research Process
11.1. Research Process
11.1.1. Data Mining
11.1.2. Analysis
11.1.3. Market Estimation
11.1.4. Validation
11.1.5. Publishing
11.2. Research Attributes
11.3. Research Assumption

At Bizwit Research and Consultancy, we employ a thorough and iterative research methodology with the goal of minimizing discrepancies, ensuring the provision of highly accurate estimates and predictions over the forecast period. Our approach involves a combination of bottom-up and top-down strategies to effectively segment and estimate quantitative aspects of the market, utilizing our proprietary data & AI tools. Our Proprietary Tools allow us for the creation of customized models specific to the research objectives. This enables us to develop tailored statistical models and forecasting algorithms to estimate market trends, future growth, or consumer behavior. The customization enhances the accuracy and relevance of the research findings.
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Critical elements of methodology employed for all our studies include:
Data Collection:
To determine the appropriate methods of data collection based on the research objectives, we consider both primary and secondary sources. Primary data collection involves gathering information directly from various industry experts in core and related fields, original equipment manufacturers (OEMs), vendors, suppliers, technology developers, alliances, and organizations. These sources encompass all segments of the value chain within the specific industry. Through in-depth interviews, we engage with key industry participants, subject-matter experts, C-level executives of major market players, industry consultants, and other relevant experts. This allows us to obtain and validate critical qualitative and quantitative information while evaluating market prospects. AI and Big Data are instrumental in our primary research, providing us with powerful tools to collect, analyze, and derive insights from data efficiently. These technologies contribute to the advancement of research methodologies, enabling us to make data-driven decisions and uncover valuable findings.
In addition to primary sources, we extensively utilize secondary sources to enhance our research. These include directories, databases, journals focusing on related industries, company newsletters, and information portals such as Bloomberg, D&B Hoovers, and Factiva. These secondary sources enable us to identify and gather valuable information for our comprehensive, technical, market-oriented, and commercial study of the market. Additionally, we utilize AI algorithms to automate the collection of vast amounts of data from various sources such as surveys, social media platforms, online transactions, and web scraping. And employ Big Data technologies for storage and processing of large datasets, ensuring that no valuable information is missed during the data collection process.
Data Analysis:
Our team of experts carefully examine the gathered data using suitable statistical techniques and qualitative analysis methods. For quantitative analysis, we employ descriptive statistics, regression analysis, and other advanced statistical methods, depending on the characteristics of the data. This analysis may also incorporate the utilization of AI tools and big data analysis techniques to extract meaningful insights.
To ensure the accuracy and reliability of our findings, we extensively leverage data science techniques, which help us minimize discrepancies and uncertainties in our analysis. We employ Data Science to clean and preprocess the data, ensuring its quality and reliability. This involves handling missing data, removing outliers, standardizing variables, and transforming data into suitable formats for analysis. The application of data science techniques enhances our accuracy, efficiency, and depth of analysis, enabling us to stay competitive in dynamic market environments.
Market Size Estimation:
Our proprietary data tools play a crucial role in deriving our market estimates and forecasts. Each study involves the creation of a unique and customized model. The model incorporates the gathered information on market dynamics, technology landscape, application development, and pricing trends. AI techniques, such as machine learning and deep learning, aid us to analyze patterns within the data to identify correlations, trends, and relationships. By recognizing patterns in consumer behavior, purchasing habits, or market dynamics, our AI algorithms aid us in more precise estimations of market size. These factors are simultaneously analyzed within the model, allowing for a comprehensive assessment. To quantify their impact over the forecast period, correlation, regression, and time series analysis are employed.
To estimate and validate the market size, we employ both top-down and bottom-up approaches. The preference is given to a bottom-up approach, where key regional markets are analyzed as separate entities. This data is then integrated to obtain global estimates. This approach is crucial as it provides a deep understanding of the industry and helps minimize errors.
In our forecasting process, we consider various parameters such as economic tools, technological analysis, industry experience, and domain expertise. By taking all these factors into account, we strive to produce accurate and reliable market forecasts. When forecasting, we take into consideration several parameters, which include:
Market driving trends and favorable economic conditions
Restraints and challenges that are expected to be encountered during the forecast period.
Anticipated opportunities for growth and development
Technological advancements and projected developments in the market
Consumer spending trends and dynamics
Shifts in consumer preferences and behaviors.
The current state of raw materials and trends in supply versus pricing
Regulatory landscape and expected changes or developments.
The existing capacity in the market and any expected additions or expansions up to the end of the forecast period.
To assess the market impact of these parameters, we assign weights to each one and utilize weighted average analysis. This process allows us to quantify their influence on the market and derive an expected growth rate for the forecasted period. By considering these various factors and applying a weighted analysis approach, we strive to provide accurate and reliable market forecasts.
Insight Generation & Report Presentation:
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