All-Electric Satellites Market Forecast, Trend Analysis & Competition Tracking - Global Market Insights 2019 to 2029

Published on : Mar-2020 | List of Tables : 191 | List of Figures : 167 | No. of Pages : 170 | Report Code : FACT4637MR |

All-Electric Satellites to Witness High Adoption in Telecommunication Systems

The global all-electric satellite market is estimated to grow at a dexterous CAGR of over 11% during the forecast period (2019-2029) and reach a value pool of over US$ 18 Bn. The slowdown in global economic growth has had a certain effect on the global market for all-electric satellites. Despite this, it is expected to retain a fairly optimistic growth through 2029. All-electric satellites are increasingly becoming the solution of choice for propulsion systems on board many types of satellite platforms over the last few years. The most notable indication of this phenomenon is the ever-growing inclusion of all-electric satellites for telecommunication systems, which is fueling both increased demand for existing electric propulsion systems and the production of new components. The industry is expected to see many more operators choosing all-electric satellite solutions as part of their future and current missions, with the prospect of low weight and longer mission lives attracting the operator’s attention.

Commercial Communication Applications to Remain in Forefront

The commercial communication application segment holds a notable share of more than 30% in the global all-electric satellite market. With the increasing demand for satellite oriented services such as inflight connectivity, seafaring broadband services along with growth in the telecommunications sector, the demand for all-electric satellites in the commercial communication segment is anticipated to be the highest. The introduction of emerging technologies such as reconfigurable on-board processors (on-board digital processing payloads) and on-board switching techniques is expected to further improve satellite communication with all-electric satellite technology and protocol implementations.

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APAC to Lead with Burgeoning Demand from Communication Services

Presently, North America holds the most significant share in the global all-electric satellite market in 2018 (~35%). The presence of notable space organizations such as National Aeronautics and Space Administration (NASA) is attributing to such growth. However, with the burgeoning demand for communication services in the APAC, it is anticipated that the region will increase investments in communication satellites during the forecast period and will exhibit a growth rate of over 14%. Countries such as India, China and Japan, among others, account for the majority of the demand for sectors such as military and commercial communication. This is due to government promotional policies to make their aeronautical, maritime and military industries healthier.

Technological Improvements to Remain Key Market Imperative

The global all-electric satellite market is consolidated in nature with a few industry giants such as Airbus SE, The Boeing Company and Ariane Group acquiring the top shares. All-electric satellites are expected to perform exceptionally well with respect to being economic. Over time, more businesses will be selling this type of technology. Some of the key developments in the all-electric satellite market are:

  • In March 2020, Boeing SA and Lockheed Martin were chosen under the U.S., Protected Tactical Satcom (PTS) program to develop jam-resistant communications devices. Boeing and Lockheed Martin each won contracts worth US$ 191 million and US$ 240 million respectively. These two companies will be joining Northrop Grumman as the three largest contractors for designing.
  • In August 2018, Eutelsat aimed to replace its most valuable set of broadcast satellites with two larger all-electric satellites from Airbus.

All-electric satellite manufacturers are now trying to figure out how to maximize their share of the electric propulsion market, while not ignoring more conventional customers. Nevertheless, the allure of economies of scale and less reliance on foreign suppliers in the all-electric satellite industry makes vertical integration difficult to bear.

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Global All-Electric Satellites Market – Scope of the Report

The following report provides forecast and analysis of the global all-electric satellites market along with the historical data of 2013, estimated data 2019 and forecast data up to 2027 in terms of value (US$ Mn) according to a Fact.MR study. The research propounds critical trends that are currently influencing growth within the global all-electric satellites market along with several macro-economic indicators. This newly published and insightful report on all-electric  satellites sheds light on key dynamics, and their impact on the overall value chain from suppliers to end-users, which are expected to transform the future of the global all-electric satellites market.

The report also comprises the study of current issues with end users and opportunities for all-electric satellites. It also contains value chain analysis, including the key market participants. To provide users of this report with a comprehensive view of the market, we have included a detailed competitive analysis about the key players involved in the market and strategic overviews. The dashboard included in the report provides a detailed comparison of all-electric satellites manufacturers on parameters such as total revenue, product offerings, and key strategies. A list of key companies operating in the all-electric satellites market provided in the report adds to the credibility of this exhaustive research study.

Global All-Electric Satellites Market: In-Depth Assessment on Key Segments

The global all-electric satellites market is segmented on the basis of propulsion type, satellite type, application and region

Propulsion Type

Satellite Type

Application

Region

Electrostatic

LEO  (Low Earth Orbit)

Commercial Communications

North America

Electrothermal

MEO (Medium Earth Orbit)

Military Surveillance

Latin America

Electromagnetic

GEO (Geosynchronous Earth Orbit)

Earth Observation & Remote Sensing

Europe

Photonic

 

Research and Development

South Asia

 

 

 

East Asia

 

 

 

Oceania 

 

 

 

Middle East & Africa

This taxonomy and the detailed TOC prepared are confidential and intended exclusively for the individual or entity with whom it is being shared. Reading, disseminating, distributing, or copying this to any party other than addressee(s) is unauthorized and prohibited

Country-specific assessment on demand for all-electric ;satellites has been provided for each regional market, along with the market size valuation and forecast price point assessment, price index and impact analysis of key regional and country-wise dynamics, which were obtained through quotes from numerous all-electric ;satellites manufacturers and experts. Y-o-Y growth projections have also been offered on all regional markets incorporated in the report. Moreover, future trends, growth prospects, and other possibilities related to the market have been answered in the report.

The report provides company-level market share analysis, which has been derived on the basis of the company’s annual sales and segmental revenue in all the target end-use industries. The market has been forecasted based on constant currency rates. The report provides detailed competitive and company profiles of key participants operating in the global all-electric satellites market. Some of the major competitors operating in the all-electric satellites market are The Boeing Company, Airbus SE, Northrop Grumman Corporation, The Raytheon Company, Lockheed Martin Corporation, Safran Aircraft Engines Maxar Technologies, Viasat, Inc., Intelsat Corporation and others.

Global All-Electric Satellites Market: Research Methodology

A number of primary and secondary sources were consulted during the course of the study. Secondary sources include Factiva, Morningstar and Hoovers, and company annual reports and publications. Comprehensive interviews have been conducted by our analysts, and the intelligence and insights obtained have been used for validating the information gained through secondary research. The report also includes a description of assumptions and acronyms utilized for research purposes. Data gathered has been validated using the triangulation method to offer useful quantitative and qualitative insights in the all-electric satellites market.

A short market viewpoint offered in the report elucidates the macro-economic aspects that influence the growth of the all-electric satellites market, which includes global GDP growth rate, various industries growth rate, such as telecommunications and meteorology. This report serves as an authentic resource of intelligence on the all-electric satellites market, enabling the readers to take fact-based decisions on the future direction of their businesses

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All-Electric Satellites Market Forecast, Trend Analysis & Competition Tracking - Global Market Insights 2019 to 2029