Market Highlights: GEO satellite is an earth orbiting satellite that is used to move a satellite from low earth orbit to the geostationary orbit of the earth. The GEO satellite market has high growth prospects owing to technological advancement in the satellite industry for increasing the efficiency of the satellites. Further, increasing demand for commercial communications, earth observation, navigation, military surveillance, and other application propelling market growth. In addition, rising demand from the developing economies expected to drive the demand for the GEO satellite over the forecasted period. The market study is being classified, by Application (Commercial Communications, Earth Observation, Navigation, Military Surveillance and Others) and major geographies with country level break-up that includes South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Key Players: The prominent players in the GEO Satellite are Northrop Grumman (United States), Information Satellite Systems Reshetnev (Russia), Boeing (United States), Airbus (Germany), OHB SE (Germany), Lockheed Martin (United States), Space System LLC (United States), Thales Group (France) and Ball Corporation (United States).
Major Market Development Highlights 17th December 2018, Ovzon signed a contract with Space System LLC, provider of next-generation spacecraft and communications systems for the manufacturing of the first Geostationary Orbit (GEO) satellite of the company. 12th July 2019, Maxar a space technology company signed a contract with Ovzon a broadband telecommunication company for manufacturing GEO satellite for Ovzon to increase their product portfolio in mobile broadband communications.
Key Questions Answered in the Report What will the GEO Satellite Market size and the growth rate be in Future? What are the key factors driving the GEO Satellite Market? What are the key market trends and macro-economic impacting the growth of the GEO Satellite Market? What are the challenges to market growth? Who are the key vendors in the GEO Satellite Market? What are the market opportunities and threats faced by the vendors in the GEO Satellite Market? Trending factors influencing the market shares of the Manufacturers. What are the key outcomes of the five forces analysis of the GEO Satellite Market?
Research Methodology: The top-down and bottom-up approaches are used to estimate and validate the size of the Global GEO Satellite market. In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in GEO Satellite market. In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc. Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes GEO Satellite Manufacturers, Electronic Component Providers, Technology Providers, Potential Investors, Government and Research Organizations, Trade Associations and Industry Bodies and Others. This helps us to gather the data for the players revenue, operating cycle and expense, profit along with product or service growth etc. Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, Annual reports, press releases etc.