North America Geostationary Satellites Market Forecast to 2031 - Regional Analysis

Description

List of Tables

The North America geostationary satellites market was valued at US$ 3,282.13 million in 2023 and is expected to reach US$ 4,481.24 million by 2031; it is estimated to record a CAGR of 4.0% from 2023 to 2031.

Increasing Demand for Long-Range Communication Coverage Through Satellite Network Fuels North America Geostationary Satellites Market

The rising need for longer coverage satellites for satellite-based communication operations is driving the demand for geostationary satellites. Several countries have been pushing their respective investments for the procurement of GEO satellites for scheduled space launch programs. For instance; In April 2024, Astranis announced its next-generation product, "Astranis Omega," which is a broadband communications system with better pound-for-pound performance than any other geostationary satellite in orbit. Astranis Omega will offer 50+ Gbps of dedicated, uncontended throughput per satellite. The first satellites are expected to be launched in 2026. In August 2023, Astranis announced the launch of UtilitySat, which is the world's first multimission commercial GEO satellite capable of conducting multiple fully operational broadband connectivity missions. UtilitySat can provide connectivity on standard Ku, Ka, and Q/V bands and has the flexibility to dial in exact frequencies using Astranis's proprietary ultra-wideband software-defined radio. Therefore, the increasing demand for long-range communication coverage through satellite networks is boosting the procurement and launch of GEO satellites, propelling the growth of the geostationary satellites market across different regions.

North America Geostationary Satellites Market Overview

In 2023, the US government's space budget reached ~US$ 117 billion, recording an upsurge of 15% compared to 2022. Nearly US$ 59 billion of this investment was made in defense expenditures, including satellite launches. The US leads the geostationary satellite market owing to the prominent presence of several geostationary satellite system manufacturers and government investments in the space sector. Moog Inc., Northrop Grumman Corporation, Lockheed Martin, and AQST Canada Inc. are among the major manufacturers of geostationary satellite solutions in North America. The Government of Canada invests significant resources in the space sector. In 2023, the government announced a multi-year plan to support the privately built rocket launching initiatives in the country. Thus, a surge in investments by governments in the space industry and new product innovations in the space sector are the factors anticipated to propel the geostationary satellite market growth in North America.

North America Geostationary Satellites Market Revenue and Forecast to 2031 (US$ Million)

North America Geostationary Satellites Market Segmentation

The North America geostationary satellites market is categorized into component, application, and country.

Based on component, the North America geostationary satellites market is segmented into communication system, power system, propulsion system, and others. The communication system segment held the largest market share in 2023.

In terms of application, the North America geostationary satellites market is categorized into communications, space exploration, navigation, earth observation, and others. The communications segment held the largest market share in 2023.

By country, the North America geostationary satellites market is segmented into the US, Canada, and Mexico. The US dominated the North America geostationary satellites market share in 2023.

Airbus SE, Ball Corp, Israel Aerospace Industries Ltd, Lockheed Martin Corp, Maxar Technologies Inc, Northrop Grumman Corp, Thales SA, and The Boeing Co are some of the leading companies operating in the North America geostationary satellites market.

Product Code: BMIRE00031147

1. Introduction

1.1 The Insight Partners Research Report Guidance
1.2 Market Segmentation

2. Executive Summary

2.1 Key Insights
2.2 Market Attractiveness

3. Research Methodology

3.1 Secondary Research
3.2 Primary Research
- 3.2.1 Hypothesis formulation:
- 3.2.2 Macro-economic factor analysis:
- 3.2.3 Developing base number:
- 3.2.4 Data Triangulation:
- 3.2.5 Country level data:

4. North America Geostationary Satellites Market Landscape

4.1 Overview
4.2 Porter's Five Forces Analysis
4.3 Ecosystem Analysis
- 4.3.1 Satellite Component Manufacturers:
- 4.3.2 Geostationary Satellite Manufacturers:
- 4.3.3 End Users:
- 4.3.4 List of Geostationary Satellite System Providers

5. North America Geostationary Satellites Market - Key Market Dynamics

5.1 Geostationary Satellites Market - Key Market Dynamics
5.2 Market Drivers
- 5.2.1 Increasing Demand for Long-Range Communication Coverage Through Satellite Network
- 5.2.2 Growing Need for Satellite-Based Military Communications
5.3 Market Restraints
- 5.3.1 Incidents of Geostationary Satellite Failures and Decline in Orders of Geostationary Satellites
5.4 Market Opportunities
- 5.4.1 Development of Small Satellites for Geostationary Orbit
5.5 Future Trends
- 5.5.1 Deployment of Software-Defined Electric Systems
5.6 Impact of Drivers and Restraints:

6. Geostationary Satellites Market -North America Market Analysis

6.1 North America Geostationary Satellites Market- Overview
6.2 North America Geostationary Satellites Market Revenue (US$ Million), 2021-2031
6.3 Geostationary Satellites Market Forecast Analysis

7. North America Geostationary Satellites Market Analysis - by Component

7.1 Communication System
- 7.1.1 Overview
- 7.1.2 Communication System: Geostationary Satellites Market - Revenue and Forecast to 2031 (US$ Million)
7.2 Power System
- 7.2.1 Overview
- 7.2.2 Power System: Geostationary Satellites Market - Revenue and Forecast to 2031 (US$ Million)
7.3 Propulsion System
- 7.3.1 Overview
- 7.3.2 Propulsion System: Geostationary Satellites Market - Revenue and Forecast to 2031 (US$ Million)
7.4 Others
- 7.4.1 Overview
- 7.4.2 Others: Geostationary Satellites Market - Revenue and Forecast to 2031 (US$ Million)

8. North America Geostationary Satellites Market Analysis - by Application

8.1 Communications
- 8.1.1 Overview
- 8.1.2 Communications: Geostationary Satellites Market - Revenue and Forecast to 2031 (US$ Million)
8.2 Space Exploration
- 8.2.1 Overview
- 8.2.2 Space Exploration: Geostationary Satellites Market - Revenue and Forecast to 2031 (US$ Million)
8.3 Navigation
- 8.3.1 Overview
- 8.3.2 Navigation: Geostationary Satellites Market - Revenue and Forecast to 2031 (US$ Million)
8.4 Earth Observation
- 8.4.1 Overview
- 8.4.2 Earth Observation: Geostationary Satellites Market - Revenue and Forecast to 2031 (US$ Million)
8.5 Others
- 8.5.1 Overview
- 8.5.2 Others: Geostationary Satellites Market - Revenue and Forecast to 2031 (US$ Million)

9. North America Geostationary Satellites Market - Country Analysis

9.1 North America Geostationary Satellites Market, by Key Countries- Revenue (2023) (US$ Million)
- 9.1.1 North America Geostationary Satellites Market- Revenue and Forecast Analysis - by Country
  - 9.1.1.1 North America Geostationary Satellites Market - Revenue and Forecast Analysis - by Country
  - 9.1.1.2 United States: Geostationary Satellites Market - Revenue and Forecast to 2031 (US$ Million)
    - 9.1.1.2.1 United States: Geostationary Satellites Market Breakdown, by Component
    - 9.1.1.2.2 United States: Geostationary Satellites Market Breakdown, by Application
  - 9.1.1.3 Canada: Geostationary Satellites Market - Revenue and Forecast to 2031 (US$ Million)
    - 9.1.1.3.1 Canada: Geostationary Satellites Market Breakdown, by Component
    - 9.1.1.3.2 Canada: Geostationary Satellites Market Breakdown, by Application
  - 9.1.1.4 Mexico: Geostationary Satellites Market - Revenue and Forecast to 2031 (US$ Million)
    - 9.1.1.4.1 Mexico: Geostationary Satellites Market Breakdown, by Component
    - 9.1.1.4.2 Mexico: Geostationary Satellites Market Breakdown, by Application

10. Competitive Landscape

10.1 Company Positioning & Concentration

11. Industry Landscape

11.1 Overview
11.2 Market Initiative
11.3 Product Development

12. Company Profiles

12.1 Airbus SE
- 12.1.1 Key Facts
- 12.1.2 Business Description
- 12.1.3 Products and Services
- 12.1.4 Financial Overview
- 12.1.5 SWOT Analysis
- 12.1.6 Key Developments
12.2 The Boeing Co
- 12.2.1 Key Facts
- 12.2.2 Business Description
- 12.2.3 Products and Services
- 12.2.4 Financial Overview
- 12.2.5 SWOT Analysis
- 12.2.6 Key Developments
12.3 Ball Corp
- 12.3.1 Key Facts
- 12.3.2 Business Description
- 12.3.3 Products and Services
- 12.3.4 Financial Overview
- 12.3.5 SWOT Analysis
- 12.3.6 Key Developments
12.4 Lockheed Martin Corp
- 12.4.1 Key Facts
- 12.4.2 Business Description
- 12.4.3 Products and Services
- 12.4.4 Financial Overview
- 12.4.5 SWOT Analysis
- 12.4.6 Key Developments
12.5 Maxar Technologies Inc
- 12.5.1 Key Facts
- 12.5.2 Business Description
- 12.5.3 Products and Services
- 12.5.4 Financial Overview
- 12.5.5 SWOT Analysis
- 12.5.6 Key Developments
12.6 Northrop Grumman Corp
- 12.6.1 Key Facts
- 12.6.2 Business Description
- 12.6.3 Products and Services
- 12.6.4 Financial Overview
- 12.6.5 SWOT Analysis
- 12.6.6 Key Developments
12.7 Thales SA
- 12.7.1 Key Facts
- 12.7.2 Business Description
- 12.7.3 Products and Services
- 12.7.4 Financial Overview
- 12.7.5 SWOT Analysis
- 12.7.6 Key Developments
12.8 Israel Aerospace Industries Ltd
- 12.8.1 Key Facts
- 12.8.2 Business Description
- 12.8.3 Products and Services
- 12.8.4 Financial Overview
- 12.8.5 SWOT Analysis
- 12.8.6 Key Developments

13. Appendix

13.1 About The Insight Partners