Satellite Services Market to be worth US$ 203615.12 million by 2033

NEW YORK - March 22, 2023 - PRLog -- According to the Market Statsville Group (MSG), the global satellite services market size is expected to grow from USD 78115.60 million in 2022 to USD 203615.12 million by 2033, growing at a CAGR of 9.1% from 2023 to 2033. Satellite capacity is provided by satellite service providers to end users such as DTH operators, telecommunication firms, and others. These companies purchase capacity from satellite operators in order to resell voice, broadcasting, and data circuits to a variety of end-user sectors. The satellite services market is expected to develop considerably during the forecast period due to many factors such as increased demand for earth observation services in a variety of industries such as oil and gas, civil engineering, agriculture, and others, which drives the market. Nevertheless, a drop in demand for consumer services in developed regions such as North America and Europe is expected to stymie worldwide market development.

Scope of the Global Satellite Services Market

The study categorizes the satellite services market based on orbit type, services type, application, and end user area at the regional and global levels.

By Orbit Type Outlook (Sales, USD Million, 2019-2033)

• LEO
• GEO
• MEO

By Services Type Outlook (Sales, USD Million, 2019-2033)

• Consumer Services
  • Satellite Television
  • Satellite Radio
  • Satellite Broadband
• Fixed Satellite Services
• Mobile Satellite Services
• Remote Sensing
• Space Flight Management Services

By Application Outlook (Sales, USD Million, 2019-2033)

• Telecommunication
• Earth & space observation
• Scientific research
• Navigation
• Others

By End-Users Outlook (Sales, USD Million, 2019-2033)

• Commercial
• Government & Military
• Others

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Competitive Landscape: Global Satellite Services Market

The satellite services market is a significant competitor, and extremely cutthroat in the sector are using strategies including product launches, partnerships, acquisitions, agreements, and growth to enhance their market positions. Most sector businesses focus on increasing their operations worldwide and cultivating long-lasting partnerships.

Major key players in the global satellite services market are:

• Telespazio
• Vizocom
• Embratel Star One
• Visiona Tecnologia Espacial
• Hughes Network Systems Brazil
• Viasat Brazil
• Satellogic
• Company 8
• Company 9
• Other Companies