Summary

The satellites market is projected to reach USD 46.79 billion by 2031, from USD 15.68 billion in 2025, with a CAGR of 16.9%. In terms of volume, the market is expected to rise from 2,942 units in 2025 to 5,110 units by 2031. The satellites market is expanding as operators continue adding capacity through new launches, constellation expansion, and replacing older satellites. Demand is increasing in communication, Earth observation, and navigation, which supports higher satellite volumes. Meanwhile, more commercial players and regional space programs are entering the market, contributing to overall growth.

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“The Ku-band is expected to be the fastest-growing frequency segment during the forecast period.”
The Ku-band is expected to record the highest CAGR during the forecast period because of its widespread use in satellite communication for broadcasting, broadband internet, and mobility applications such as aviation and maritime connectivity. Ku-band provides a good balance of coverage, available bandwidth, and mature ground infrastructure, making it cost-effective for large-scale deployments. The existing base of terminals and service providers supports continued strong adoption and steady growth.
“Electric is expected to be the largest propulsion technology segment during the forecast period.”
The electric segment is expected to be dominant during the forecast period, as more satellites use electric propulsion for station keeping, orbit raising, and constellation missions because it is lighter and more efficient. Electric systems enable operators to carry more payloads per launch and reduce overall launch costs. They also support longer satellite lifespans and require less propellant, which is why many commercial operators are shifting toward electric propulsion.
“North America is expected to hold the second-largest position during the forecast period.”
North America is expected to hold the second-largest share of the satellites market through 2031, driven by strong commercial satellite operators and consistent spending on defense and civil space programs. The region leads by deploying communication and Earth observation satellites for broadband, mobility, and data services. Continued investment in next-generation satellite systems like high-throughput platforms and resilient space setups keeps demand steady. A mature launch ecosystem and major satellite manufacturers also help sustain North America’s position.
The breakdown of profiles for primary participants in the satellites market is provided below:

? By Company Type: Tier 1 ? 30%, Tier 2 ? 45%, and Tier 3 ? 25%
? By Designation: Directors ? 20%, Managers ? 10%, and Others ? 70%
? By Region: North America ? 40%, Europe ? 20%, Asia Pacific ? 20%, Middle East ? 10%, and Rest of the World ? 10%

Research Coverage:
This market study covers the satellites market across various segments and subsegments. It aims to estimate the size and growth potential of this market across different regions. The study also provides an in-depth competitive analysis of the key players, their company profiles, important observations about their products and business offerings, recent developments, and the key strategies they have adopted.
Reasons to buy this report:
The report will assist market leaders and new entrants by providing approximations of the revenue figures for the overall satellites market. It will also help stakeholders understand the competitive landscape and gain insights to better position their businesses and develop effective go-to-market strategies. Additionally, the report will provide insights into the market pulse, including key drivers, restraints, challenges, and opportunities.
The report provides insights into the following pointers:
? Market Drivers (Rapid deployment of LEO constellations, Rising demand for Earth observation data, Declining launch and satellite production costs), Restraints (Spectrum allocation and regulatory approvals, Limited availability of space-qualified components), Opportunities (Data-as-a-service business models, Software-defined and reconfigurable satellites, On-orbit servicing and end-of-life solutions), Challenges (Orbital congestion and collision risk, Long-term constellation economics).

? Market Penetration: Comprehensive information on satellites offered by the top players in the market

? Product Development/Innovation: Detailed insights on upcoming technologies, R&D activities, and product launches in the satellites market

? Market Development: Comprehensive information about lucrative markets across varied regions

? Market Diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments in the satellites market

? Competitive Assessment: In-depth assessment of market share, growth strategies, products, and manufacturing capabilities of leading players in the satellites market

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Table of Contents

1 INTRODUCTION 28
1.1 STUDY OBJECTIVES 28
1.2 MARKET DEFINITION 28
1.3 STUDY SCOPE 29
1.3.1 MARKET SEGMENTATION & REGIONAL SCOPE 29
1.3.2 INCLUSIONS & EXCLUSIONS 30
1.4 YEARS CONSIDERED 31
1.5 CURRENCY CONSIDERED 31
1.6 STAKEHOLDERS 32
1.7 SUMMARY OF CHANGES 32
2 EXECUTIVE SUMMARY 33
2.1 KEY INSIGHTS AND MARKET HIGHLIGHTS 33
2.2 KEY MARKET PARTICIPANTS: MAPPING OF STRATEGIC DEVELOPMENTS 34
2.3 HIGH-GROWTH SEGMENTS 35
2.4 REGIONAL SNAPSHOT: MARKET SIZE, GROWTH RATE, AND FORECAST 36
3 PREMIUM INSIGHTS 37
3.1 ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN SATELLITES MARKET 37
3.2 SATELLITES MARKET, BY SATELLITE MASS 37
3.3 SATELLITES MARKET, BY APPLICATION 38
3.4 SATELLITES MARKET, BY PROPULSION TECHNOLOGY 38
4 MARKET OVERVIEW 39
4.1 INTRODUCTION 39
4.2 MARKET DYNAMICS 40
4.2.1 DRIVERS 40
4.2.1.1 Rapid deployment of low Earth orbit (LEO) constellations 40
4.2.1.2 Rising demand for Earth observation (EO) data 41
4.2.1.3 Declining launch and satellite production costs 41
4.2.2 RESTRAINTS 41
4.2.2.1 Spectrum allocation and regulatory approvals 41
4.2.2.2 Limited availability of space-qualified components 41
4.2.3 OPPORTUNITIES 42
4.2.3.1 Data-as-a-service business models 42
4.2.3.2 Software-defined and reconfigurable satellites 42
4.2.3.3 On-orbit servicing and end-of-life solutions 42
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4.2.4 CHALLENGES 43
4.2.4.1 Orbital congestion and collision risk 43
4.2.4.2 Long-term constellation economics 43
4.3 UNMET NEEDS AND WHITE SPACES 43
4.3.1 INTEGRATED SPACE TRAFFIC MANAGEMENT AND COLLISION AVOIDANCE 43
4.3.2 AFFORDABLE LIFECYCLE MANAGEMENT FOR MID-VALUE SATELLITES 44
4.3.3 GROUND SEGMENT INTEGRATION AND DATA USABILITY GAPS 44
4.3.4 REGULATORY AND SUSTAINABILITY COMPLIANCE SUPPORT 44
4.4 INTERCONNECTED MARKET AND CROSS-SECTOR OPPORTUNITIES 45
4.4.1 INTEGRATION WITH TERRESTRIAL DIGITAL INFRASTRUCTURE 45
4.4.2 GOVERNMENT AND PUBLIC SECTOR DIGITALIZATION 45
4.4.3 ENERGY AND NATURAL RESOURCE MONITORING 45
4.4.4 FINANCIAL SERVICES AND INSURANCE APPLICATIONS 45
4.4.5 MOBILITY AND TRANSPORTATION ECOSYSTEMS 46
4.5 STRATEGIC MOVES BY TIER 1/2/3 PLAYERS 47
4.6 SATELLITES MARKET: VOLUME DATA 47
5 INDUSTRY TRENDS 48
5.1 INTRODUCTION 48
5.2 MACROECONOMIC INDICATORS 48
5.2.1 INTRODUCTION 48
5.2.2 GDP TRENDS AND FORECAST 48
5.2.3 TRENDS IN GLOBAL SPACE INDUSTRY 50
5.3 VALUE CHAIN ANALYSIS 51
5.4 ECOSYSTEM ANALYSIS 52
5.4.1 PRIME CONTRACTORS & INTEGRATED SATELLITE PROVIDERS 52
5.4.2 SATELLITE PLATFORM & SUBSYSTEM MANUFACTURERS 52
5.4.3 END USERS 52
5.5 TOTAL COST OF OWNERSHIP 54
5.6 BILL OF MATERIALS 56
5.7 TRADE DATA 59
5.7.1 IMPORT SCENARIO (HS CODE 880260) 59
5.7.2 EXPORT SCENARIO (HS CODE 880260) 60
5.8 KEY CONFERENCES & EVENTS, 2026 61
5.9 TRENDS AND DISRUPTIONS IMPACTING CUSTOMER BUSINESS 62
5.10 INVESTMENT AND FUNDING SCENARIO 63
5.11 PRICING ANALYSIS 63
5.11.1 AVERAGE SELLING PRICE TREND, BY REGION, 2021-2024 (USD MILLION) 63
5.11.2 INDICATIVE PRICING ANALYSIS, BY SATELLITE MASS, 2024 (USD MILLION) 64
5.12 CASE STUDIES 65
6 TECHNOLOGICAL ADVANCEMENTS, AI-DRIVEN IMPACT, PATENTS, INNOVATIONS, AND FUTURE APPLICATIONS 67
6.1 KEY EMERGING TECHNOLOGIES 67
6.1.1 ADVANCED PROPULSION SYSTEMS 67
6.1.2 AUTONOMOUS OPERATIONS AND ONBOARD DECISION-MAKING 67
6.1.3 SPACE SITUATIONAL AWARENESS (SSA) AND THREAT MONITORING PAYLOADS 67
6.2 COMPLEMENTARY TECHNOLOGIES 68
6.2.1 COMMAND-AND-CONTROL SYSTEMS 68
6.2.2 GROUND SEGMENT VIRTUALIZATION AND CLOUD-BASED OPERATIONS 68
6.2.3 TECHNOLOGY ROADMAP 68
6.3 EMERGING TECHNOLOGY TRENDS 69
6.4 PATENT ANALYSIS 70
6.5 FUTURE APPLICATIONS 72
6.6 IMPACT OF AI/ GENERATIVE AI ON SATELLITES MARKET 74
6.6.1 TOP USE CASES AND MARKET POTENTIAL 74
6.6.2 BEST PRACTICES IN THE SATELLITES MARKET 75
6.6.3 CASE STUDIES OF AI IMPLEMENTATION IN SATELLITES MARKET 75
6.6.4 INTERCONNECTED ADJACENT ECOSYSTEM AND IMPACT ON MARKET PLAYERS 76
6.6.5 CLIENTS’ READINESS TO ADOPT GENERATIVE AI IN SATELLITES MARKET 76
6.7 SUCCESS STORIES AND REAL-WORLD APPLICATIONS 77
6.7.1 SPACEX ? TRANSFORMING GLOBAL CONNECTIVITY THROUGH LARGE-SCALE LEO CONSTELLATIONS 77
6.7.2 AIRBUS DEFENCE AND SPACE ? ENABLING MISSION-CRITICAL SATELLITE SYSTEMS ACROSS CIVIL AND DEFENSE DOMAINS 77
6.7.3 MAXAR TECHNOLOGIES ? CONVERTING SATELLITE DATA INTO ACTIONABLE GEOSPATIAL INTELLIGENCE 77
7 CUSTOMER LANDSCAPE & BUYER BEHAVIOR 78
7.1 DECISION-MAKING PROCESS 78
7.2 BUYER STAKEHOLDERS AND BUYING EVALUATION CRITERIA 79
7.2.1 KEY STAKEHOLDERS IN BUYING PROCESS 79
7.2.2 BUYING CRITERIA 80
7.3 ADOPTION BARRIERS & INTERNAL CHALLENGES 81
8 SUSTAINABILITY AND REGULATORY LANDSCAPE 82
8.1 REGIONAL REGULATIONS AND COMPLIANCE 82
8.1.1 TARIFF DATA 82
8.1.2 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 82
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8.2 REGULATORY FRAMEWORK 85
8.2.1 NORTH AMERICA 85
8.2.2 EUROPE 85
8.2.3 ASIA PACIFIC 86
8.2.4 MIDDLE EAST 86
8.2.5 LATIN AMERICA AND AFRICA 86
8.2.6 INDUSTRY STANDARDS 86
8.3 SUSTAINABILITY INITIATIVES 87
8.4 SUSTAINABILITY IMPACT AND REGULATORY POLICY INITIATIVES 88
8.5 CERTIFICATIONS, LABELING, AND ECO-STANDARDS 88
9 SATELLITES MARKET, BY SATELLITE MASS 90
9.1 INTRODUCTION 91
9.2 ORBIT-LEVEL DEPLOYMENT OF SATELLITES BASED ON MASS CATEGORY 91
9.2.1 LOW EARTH ORBIT (LEO) (160?2,000 KM): TOP USE CASES 91
9.2.2 MEDIUM EARTH ORBIT (MEO) (2,000?35,786 KM): TOP USE CASES 91
9.2.3 GEOSTATIONARY ORBIT (GEO) (35,786 KM): TOP USE CASES 92
9.3 SMALL SATELLITES (1?1200 KG) 94
9.3.1 ADVANCEMENTS IN MINIATURIZATION OF ELECTRONICS TO DRIVE MARKET 94
9.3.2 NANOSATELLITE (1?10 KG) 94
9.3.3 MICROSATELLITE (11?100 KG) 94
9.3.4 MINISATELLITE (101?1200 KG) 94
9.4 MEDIUM SATELLITES (1201?2000 KG) 95
9.4.1 NEED FOR TECHNOLOGICAL ADVANCEMENTS TO DRIVE MARKET 95
9.5 LARGE SATELLITES (ABOVE 2000 KG) 95
9.5.1 DEMAND FOR HIGH-CAPACITY TELECOMMUNICATION AND BROADBAND SERVICES TO DRIVE MARKET 95
10 SATELLITES MARKET, BY SUBSYSTEM 96
10.1 INTRODUCTION 97
10.2 SATELLITE BUS CONFIGURATION OF LOW-COMPLEXITY AND HIGH-CAPABILITY PLATFORMS 97
10.2.1 LOW-COMPLEXITY BUS CONFIGURATIONS (NON-PROPULSION, BASIC ADCS, FIXED ANTENNAS): TOP USE CASES 97
10.2.2 HIGH-CAPABILITY BUS CONFIGURATIONS (PROPULSION-EQUIPPED, HIGH-POWER, PRECISE ADCS): TOP USE CASES 97
10.3 SATELLITE BUS 99
10.3.1 FOCUS ON ENHANCING SATELLITE PERFORMANCE TO DRIVE MARKET 99
10.3.2 ATTITUDE AND ORBITAL CONTROL SYSTEMS 100
10.3.2.1 Sensors 101
10.3.2.1.1 Sun sensors 101
10.3.2.1.2 Magnetometers 102
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10.3.2.2 Reaction wheels 102
10.3.2.3 Actuators 102
10.3.2.4 Control electronics 102
10.3.3 COMMAND AND DATA HANDLING SYSTEMS 102
10.3.3.1 Onboard computer 103
10.3.3.2 Processor 103
10.3.3.3 Microcontroller 104
10.3.3.4 Memory 104
10.3.3.5 Solid state recorder 104
10.3.3.6 Router 104
10.3.3.7 On-board charger (OBC) adaptor 104
10.3.4 ELECTRICAL POWER SYSTEMS 104
10.3.4.1 Power management device 105
10.3.4.2 Power converter 105
10.3.4.3 Battery 105
10.3.4.3.1 Primary battery 106
10.3.4.3.2 Secondary battery 106
10.3.5 PROPULSION SYSTEMS 106
10.3.5.1 Thrusters 106
10.3.5.2 Propellant tank 107
10.3.5.3 Propellant feed plumbing 107
10.3.6 TELEMETRY, TRACKING, AND COMMAND SYSTEMS 107
10.3.6.1 Transmitter 107
10.3.6.2 Receiver 108
10.3.6.3 Modem/Baseband unit 108
10.3.7 STRUCTURES 108
10.3.8 THERMAL SYSTEMS 108
10.3.8.1 Temperature sensors 109
10.3.8.2 Heaters 109
10.3.8.3 Thermostats 109
10.3.8.4 Insulation 109
10.4 PAYLOADS 109
10.4.1 PAYLOADS DRIVE SATELLITES’ DESIGN AND SUBSYSTEMS 109
10.4.2 TRADITIONAL PAYLOADS 110
10.4.3 SOFTWARE-DEFINED PAYLOADS 110
10.5 SOLAR PANELS 110
10.5.1 NEED FOR ENHANCED EFFICIENCY WITH PHOTOVOLTAIC CELL MATERIALS TO DRIVE MARKET 110
10.6 SATELLITE ANTENNAS 111
10.6.1 ABILITY OF SATELLITE ANTENNAS TO OPERATE IN DIFFERENT FREQUENCIES TO DRIVE DEMAND 111
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10.6.2 WIRE ANTENNAS 112
10.6.2.1 Monopole antenna 112
10.6.2.2 Dipole antenna 112
10.6.3 HORN ANTENNAS 112
10.6.4 ARRAY ANTENNAS 112
10.6.5 REFLECTOR ANTENNAS 113
10.6.5.1 Parabolic reflector 113
10.6.5.2 Double reflector 113
10.7 OTHER SYSTEMS 113
11 SATELLITES MARKET, BY APPLICATION 114
11.1 INTRODUCTION 115
11.2 PAYLOAD TECHNOLOGY USED ACROSS SATELLITE APPLICATIONS 115
11.2.1 SENSING AND IMAGING PAYLOADS (OPTICAL, IR, MULTISPECTRAL, HYPERSPECTRAL, SAR, LIDAR): TOP USE CASES 115
11.2.2 COMMUNICATION PAYLOADS (RF/OPTICAL TRANSPONDERS, IOT/M2M, DATA RELAY, AIS/ADS-B): TOP USE CASES 115
11.2.3 SCIENTIFIC AND MISSION-SUPPORT PAYLOADS (ATMOSPHERIC SENSORS, GNSS-R, PARTICLE DETECTORS, TECH-DEMO PAYLOADS): TOP USE CASES 116
11.3 COMMUNICATION SATELLITES 117
11.3.1 GROWING DEMAND FOR GLOBAL CONNECTIVITY AND RESILIENT COMMUNICATION INFRASTRUCTURE TO DRIVE MARKET 117
11.4 NAVIGATION SATELLITES 117
11.4.1 DEPENDENCE OF CRITICAL INFRASTRUCTURE AND MILITARY OPERATIONS ON PRECISE PNT SERVICES TO DRIVE MARKET 117
11.5 EARTH OBSERVATION SATELLITES 117
11.5.1 RISING NEED FOR REAL-TIME INTELLIGENCE AND DATA-DRIVEN ENVIRONMENTAL MONITORING TO DRIVE MARKET 117
11.6 OTHERS 118
12 SATELLITES MARKET, BY CUSTOMER TYPE 119
12.1 INTRODUCTION 120
12.2 REGION-WISE GOVERNMENT AND PRIVATE SATELLITE LAUNCH PROGRAMS 120
12.2.1 GOVERNMENT PROGRAMS: TOP USE CASES 120
12.2.2 PRIVATE PROGRAMS: TOP USE CASES 120
12.3 COMMERCIAL 122
12.3.1 SATELLITE OPERATORS/OWNERS 122
12.3.1.1 Rapid deployment of satellite constellations to drive market 122
12.3.2 MEDIA & ENTERTAINMENT COMPANIES 122
12.3.2.1 High demand for fast broadband connectivity from streaming platforms to drive market 122
12.3.3 ENERGY SERVICE PROVIDERS 122
12.3.3.1 Integration of satellite technology to enhance energy-related operations and services to drive market 122
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12.3.4 SCIENTIFIC RESEARCH & DEVELOPMENT ORGANIZATIONS 123
12.3.4.1 Untapped potential in space research to drive market 123
12.3.5 OTHERS 123
12.4 GOVERNMENT & CIVIL 123
12.4.1 NATIONAL SPACE AGENCIES 123
12.4.1.1 Need for cost-effective space exploration solutions to drive market 123
12.4.2 SEARCH & RESCUE ENTITIES 124
12.4.2.1 Need for swift and accurate data in emergencies to drive market 124
12.4.3 ACADEMIC & RESEARCH INSTITUTIONS 124
12.4.3.1 Active participation in satellite development to drive market 124
12.4.4 NATIONAL MAPPING & TOPOGRAPHIC AGENCIES 124
12.4.4.1 Emphasis on improving navigation and tracking capabilities to drive market 124
12.5 DEFENSE 124
12.5.1 RESILIENT AND MISSION-CRITICAL SPACE ARCHITECTURES TO DRIVE MARKET 124
13 SATELLITES MARKET, BY FREQUENCY 125
13.1 INTRODUCTION 126
13.2 SATELLITE THROUGHPUT CATEGORIES ACROSS DIFFERENT FREQUENCY BANDS 126
13.2.1 LOW THROUGHPUT SATELLITES (1 KBPS?50 MBPS): TOP USE CASES 126
13.2.2 HIGH THROUGHPUT SATELLITES (50 MBPS?100+ GBPS): TOP USE CASES 126
13.3 L-BAND 128
13.3.1 NEED FOR EFFECTIVE SATELLITE COMMUNICATION AND GPS SERVICES TO BOOST GROWTH 128
13.4 S-BAND 128
13.4.1 INCREASING SCIENTIFIC MISSIONS TO DRIVE DEMAND FOR
S-BAND SATELLITES 128
13.5 C-BAND 129
13.5.1 ESCALATING DEMAND FOR STEADY COMMUNICATIONS SERVICES FROM DEVELOPING REGIONS TO DRIVE MARKET 129
13.6 X-BAND 129
13.6.1 RISING GEOPOLITICAL TENSIONS TO DRIVE MARKET 129
13.7 KU-K BAND 129
13.7.1 GROWING INTERNET PENETRATION IN SATELLITES TO DRIVE MARKET 129
13.8 KA-BAND 130
13.8.1 NEED FOR BACKHAUL SOLUTIONS WITH EXPANSION OF 5G
TO DRIVE MARKET 130
13.9 Q/V/E-BAND 130
13.9.1 ELEVATED DEMAND FOR ULTRA-HIGH-SPEED DATA SERVICES TO DRIVE MARKET 130
13.10 HF/VHF/UHF-BAND 130
13.10.1 NEED FOR WIDE-RANGE COVERAGE TO DRIVE MARKET 130
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13.11 LASER/OPTICAL BAND 131
13.11.1 DEVELOPMENT OF LASER COMMUNICATION TECHNOLOGY BY PROMINENT COMPANIES TO DRIVE MARKET 131
14 SATELLITES MARKET, BY PROPULSION TECHNOLOGY 132
14.1 INTRODUCTION 133
14.2 HIGH-THRUST PROPULSION SYSTEMS (100?2,000 N): TOP USE CASES 133
14.2.1 LOW-THRUST PROPULSION SYSTEMS (MICRO-NEWTON TO < 100 N): TOP USE CASES 133
14.3 CHEMICAL 135
14.3.1 FOCUS ON FAST ORBIT INSERTION AND COLLISION AVOIDANCE TO DRIVE MARKET 135
14.3.1.1 Solid 135
14.3.1.2 Liquid 135
14.3.1.3 Hybrid 135
14.4 ELECTRIC 136
14.4.1 EFFICIENCY OF ELECTRIC PROPULSION TO DRIVE CONSTELLATION-SCALE DEPLOYMENT OF SATELLITES 136
14.4.1.1 Electrostatic 136
14.4.1.2 Electrothermal 136
14.4.1.3 Electromagnetic 136
14.5 OTHER TECHNOLOGIES 136
14.5.1 SOLAR SAIL 137
14.5.2 COLD GAS/WARM GAS 137
15 SATELLITES MARKET, BY REGION 138
15.1 INTRODUCTION 139
15.2 NORTH AMERICA 141
15.2.1 US 144
15.2.1.1 Integration of national security objectives with commercial space capabilities to drive market 144
15.2.2 CANADA 146
15.2.2.1 Sovereign Earth observation needs and climate-driven policy mandates to drive market 146
15.3 ASIA PACIFIC 147
15.3.1 CHINA 151
15.3.1.1 State-led expansion of satellite constellations to drive market 151
15.3.2 INDIA 152
15.3.2.1 Demand for digital connectivity, Earth observation, navigation augmentation, and defense surveillance to drive market 152
15.3.3 JAPAN 153
15.3.3.1 Emphasis on Earth observation, navigation augmentation, and defense-related satellite systems to drive market 153
15.3.4 SOUTH KOREA 155
15.3.4.1 Government funding for satellite development to drive market 155
15.3.5 AUSTRALIA 156
15.3.5.1 Government measures to develop domestic space industry to drive market 156
15.4 EUROPE 157
15.4.1 RUSSIA 162
15.4.1.1 National security dependence on sovereign space infrastructure to drive market 162
15.4.2 UK 163
15.4.2.1 Commercial satellite services aligned with national resilience objectives to drive market 163
15.4.3 GERMANY 164
15.4.3.1 Emphasis on technological innovation and advanced engineering to drive market 164
15.4.4 FRANCE 165
15.4.4.1 Defense-led satellite modernization and sustained institutional funding to drive market 165
15.4.5 ITALY 167
15.4.5.1 Targeted investments in application-specific missions to drive market 167
15.5 MIDDLE EAST 168
15.5.1 UAE 172
15.5.1.1 National technology leadership and sovereign space capability to drive market 172
15.5.2 SAUDI ARABIA 173
15.5.2.1 Growing investments in satellite infrastructure to drive market 173
15.5.3 REST OF MIDDLE EAST 174
15.6 REST OF THE WORLD (ROW) 175
15.6.1 LATIN AMERICA 179
15.6.1.1 Use of satellites for monitoring and management to drive market 179
15.6.2 AFRICA 180
15.6.2.1 Development-driven demand for data, connectivity, and capacity building to drive market 180
16 COMPETITIVE LANDSCAPE 182
16.1 INTRODUCTION 182
16.2 KEY PLAYER STRATEGIES/RIGHT TO WIN 182
16.3 REVENUE ANALYSIS, 2021?2024 185
16.4 MARKET SHARE ANALYSIS, 2024 185
16.5 COMPANY EVALUATION MATRIX: KEY PLAYERS, 2025 188
16.5.1 STARS 188
16.5.2 EMERGING LEADERS 188
16.5.3 PERVASIVE PLAYERS 189
16.5.4 PARTICIPANTS 189
16.5.5 COMPANY FOOTPRINT: KEY PLAYERS, 2025 190
16.6 COMPANY EVALUATION MATRIX: STARTUPS/SMES, 2025 196
16.6.1 PROGRESSIVE COMPANIES 196
16.6.2 RESPONSIVE COMPANIES 196
16.6.3 DYNAMIC COMPANIES 196
16.6.4 STARTING BLOCKS 196
16.6.5 COMPETITIVE BENCHMARKING 198
16.7 COMPANY VALUATION AND FINANCIAL METRICS 200
16.8 BRAND/PRODUCT COMPARISON 201
16.9 COMPETITIVE SCENARIO 202
16.9.1 PRODUCT LAUNCHES 202
16.9.2 DEALS 203
16.9.3 OTHER DEVELOPMENTS 210
17 COMPANY PROFILES 222
17.1 KEY PLAYERS 222
17.1.1 SPACEX 222
17.1.1.1 Business overview 222
17.1.1.2 Products/Solutions/Services offered 222
17.1.1.3 Recent developments 223
17.1.1.3.1 Deals 223
17.1.1.3.2 Other developments 224
17.1.1.4 MnM view 225
17.1.1.4.1 Right to win 225
17.1.1.4.2 Strategic choices 226
17.1.1.4.3 Weaknesses & competitive threats 226
17.1.2 LOCKHEED MARTIN CORPORATION 227
17.1.2.1 Business overview 227
17.1.2.2 Products/Solutions/Services offered 228
17.1.2.3 Recent developments 229
17.1.2.3.1 Deals 229
17.1.2.3.2 Other developments 229
17.1.2.4 MnM view 230
17.1.2.4.1 Right to win 230
17.1.2.4.2 Strategic choices 230
17.1.2.4.3 Weaknesses & competitive threats 231
17.1.3 AIRBUS 232
17.1.3.1 Business overview 232
17.1.3.2 Products/Solutions/Services offered 233
17.1.3.3 Recent developments 236
17.1.3.3.1 Product launches 236
17.1.3.3.2 Deals 237
17.1.3.3.3 Other developments 238
17.1.3.4 MnM view 239
17.1.3.4.1 Right to win 239
17.1.3.4.2 Strategic choices 240
17.1.3.4.3 Weaknesses & competitive threats 240
17.1.4 NORTHROP GRUMMAN 241
17.1.4.1 Business overview 241
17.1.4.2 Products/Solutions/Services offered 242
17.1.4.3 Recent developments 244
17.1.4.3.1 Deals 244
17.1.4.3.2 Other developments 245
17.1.4.4 MnM view 246
17.1.4.4.1 Right to win 246
17.1.4.4.2 Strategic choices 246
17.1.4.4.3 Weaknesses & competitive threats 246
17.1.5 THALES ALENIA SPACE 247
17.1.5.1 Business overview 247
17.1.5.2 Products/Solutions/Services offered 247
17.1.5.3 Recent developments 248
17.1.5.3.1 Deals 248
17.1.5.3.2 Other developments 249
17.1.5.4 MnM view 251
17.1.5.4.1 Right to win 251
17.1.5.4.2 Strategic choices 251
17.1.5.4.3 Weaknesses & competitive threats 252
17.1.6 L3HARRIS TECHNOLOGIES, INC. 253
17.1.6.1 Business overview 253
17.1.6.2 Products/Solutions/Services offered 254
17.1.6.3 Recent developments 256
17.1.6.3.1 Deals 256
17.1.6.3.2 Other developments 256
17.1.7 MDA SPACE 258
17.1.7.1 Business overview 258
17.1.7.2 Products/Solutions/Services offered 259
17.1.7.3 Recent developments 260
17.1.7.3.1 Other developments 260
17.1.8 PLANET LABS PBC 261
17.1.8.1 Business overview 261
17.1.8.2 Products/Solutions/Services offered 262
17.1.8.3 Recent developments 262
17.1.8.3.1 Product launches 262
17.1.8.3.2 Deals 263
17.1.8.3.3 Other developments 264
17.1.9 SNC 265
17.1.9.1 Business overview 265
17.1.9.2 Products/Solutions/Services offered 265
17.1.9.3 Recent developments 267
17.1.9.3.1 Other developments 267
17.1.10 LANTERIS SPACE SYSTEMS 268
17.1.10.1 Business overview 268
17.1.10.2 Products/Solutions/Services offered 268
17.1.10.3 Recent developments 270
17.1.10.3.1 Deals 270
17.1.10.3.2 Other developments 270
17.1.11 MITSUBISHI ELECTRIC CORPORATION 271
17.1.11.1 Business overview 271
17.1.11.2 Products/Solutions/Services offered 272
17.1.11.3 Recent developments 274
17.1.11.3.1 Deals 274
17.1.11.3.2 Other developments 275
17.1.12 RTX 276
17.1.12.1 Business overview 276
17.1.12.2 Products/Solutions/Services offered 277
17.1.12.3 Recent developments 278
17.1.12.3.1 Other developments 278
17.1.13 OHB SE 279
17.1.13.1 Business overview 279
17.1.13.2 Products/Solutions/Services offered 280
17.1.13.3 Recent developments 282
17.1.13.3.1 Deals 282
17.1.13.3.2 Other developments 282
17.1.14 BOEING 284
17.1.14.1 Business overview 284
17.1.14.2 Products/Solutions/Services offered 285
17.1.14.3 Recent developments 286
17.1.14.3.1 Other developments 286
17.1.15 YORK SPACE SYSTEMS 288
17.1.15.1 Business overview 288
17.1.15.2 Products/Solutions/Services offered 288
17.1.15.3 Recent developments 289
17.1.15.3.1 Other developments 289
17.1.16 SURREY SATELLITE TECHNOLOGY LTD. 290
17.1.16.1 Business overview 290
17.1.16.2 Products/Solutions/Services offered 290
17.1.16.3 Recent developments 293
17.1.16.3.1 Deals 294
17.2 OTHER PLAYERS 295
17.2.1 AEROSPACELAB 295
17.2.2 ENDUROSAT 296
17.2.3 NANOAVIONICS 297
17.2.4 ASTRANIS 298
17.2.5 ICEYE 299
17.2.6 PIXXEL 300
17.2.7 FLEET SPACE TECHNOLOGIES PTY LTD 301
17.2.8 AMAZON LEO 302
17.2.9 AL?N SPACE 303
17.2.10 SKYKRAFT PTY LTD 304
17.2.11 ARGOTEC S.R.L. 305
18 RESEARCH METHODOLOGY 306
18.1 RESEARCH DATA 306
18.1.1 SECONDARY DATA 307
18.1.1.1 Key data from secondary sources 308
18.1.2 PRIMARY DATA 308
18.1.2.1 Primary sources 308
18.1.2.2 Key data from primary sources 309
18.1.2.3 Breakdown of primary interviews 309
18.2 FACTOR ANALYSIS 310
18.2.1 INTRODUCTION 310
18.2.2 DEMAND-SIDE INDICATORS 310
18.2.3 SUPPLY-SIDE INDICATORS 310
18.3 MARKET SIZE ESTIMATION 311
18.3.1 BOTTOM-UP APPROACH 311
18.3.1.1 Market size estimation methodology (demand side) 311
18.3.2 TOP-DOWN APPROACH 312
18.4 DATA TRIANGULATION 313
18.5 RESEARCH ASSUMPTIONS 314
18.6 RESEARCH LIMITATIONS 314
18.7 RISK ASSESSMENT 315
19 APPENDIX 316
19.1 DISCUSSION GUIDE 316
19.2 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 318
19.3 CUSTOMIZATION OPTIONS 320
19.4 RELATED REPORTS 320
19.5 AUTHOR DETAILS 321

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List of Tables/Graphs

TABLE 1 USD EXCHANGE RATES, 2021?2024 32
TABLE 2 KEY UNMET NEEDS AND WHITE SPACES IN SATELLITES MARKET 44
TABLE 3 CROSS-SECTOR OPPORTUNITY MATRIX 46
TABLE 4 STRATEGIC MOVES BY TIER 1/2/3 PLAYERS 47
TABLE 5 SATELLITES MARKET, BY SATELLITE MASS, 2021?2024 (UNITS) 47
TABLE 6 GDP PERCENTAGE CHANGE, BY KEY COUNTRY, 2021?2029 48
TABLE 7 ROLE OF COMPANIES IN ECOSYSTEM 53
TABLE 8 TOTAL COST OF OWNERSHIP: SMALL VS. MEDIUM VS. LARGE SATELLITES 54
TABLE 9 AVERAGE TOTAL COST OF OWNERSHIP FOR SATELLITES,
BY SATELLITE MASS (USD MILLION) 56
TABLE 10 BILL OF MATERIALS ANALYSIS FOR SATELLITES 56
TABLE 11 COMPARISON OF BILL OF MATERIALS FOR SATELLITES 58
TABLE 12 IMPORT DATA FOR HS CODE 880260-COMPLIANT PRODUCTS, BY COUNTRY, 2020?2024 (USD THOUSAND) 60
TABLE 13 EXPORT DATA FOR HS CODE 880260-COMPLIANT PRODUCTS, BY COUNTRY, 2020?2024 (USD THOUSAND) 61
TABLE 14 KEY CONFERENCES & EVENTS, 2026 61
TABLE 15 AVERAGE SELLING PRICE TREND, BY REGION, 2021?2024 (USD MILLION) 64
TABLE 16 INDICATIVE PRICING, BY SATELLITE MASS, 2024 (USD MILLION) 65
TABLE 17 VIASAT (US) DEPLOYED HIGH-CAPACITY GEOSTATIONARY COMMUNICATION SATELLITES DESIGNED FOR BROADBAND-INTENSIVE APPLICATIONS 65
TABLE 18 MAXAR TECHNOLOGIES (US) OPERATED FLEET OF HIGH-RESOLUTION EARTH OBSERVATION SATELLITES CAPABLE OF CAPTURING DETAILED IMAGERY WITH FREQUENT REVISIT RATES 66
TABLE 19 US SPACE FORCE’S GPS DEPLOYED CONSTELLATION OF NAVIGATION SATELLITES, PROVIDING CONTINUOUS GLOBAL COVERAGE 66
TABLE 20 LIST OF MAJOR PATENTS FOR SATELLITES, 2024-2025 70
TABLE 21 GLOBAL BROADBAND AND DIRECT-TO-DEVICE CONNECTIVITY 72
TABLE 22 PERSISTENT EARTH OBSERVATION AND REAL-TIME INTELLIGENCE 73
TABLE 23 SPACE-BASED NAVIGATION, TIMING, AND RESILIENCE SERVICES 73
TABLE 24 TOP USE CASES AND MARKET POTENTIAL 74
TABLE 25 BEST PRACTICES: COMPANIES IMPLEMENTING USE CASES 75
TABLE 26 SATELLITES MARKET: CASE STUDIES RELATED TO GENERATIVE AI IMPLEMENTATION 75
TABLE 27 INTERCONNECTED ADJACENT ECOSYSTEM AND IMPACT ON MARKET PLAYERS 76
TABLE 28 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR SATELLITES,
BY CUSTOMER TYPE (%) 79
TABLE 29 KEY BUYING CRITERIA FOR SATELLITES MARKET, BY CUSTOMER TYPE 80
TABLE 30 NORTH AMERICA: REGULATORY BODIES, GOVERNMENT AGENCIES,
AND OTHER ORGANIZATIONS 82
TABLE 31 EUROPE: REGULATORY BODIES, GOVERNMENT AGENCIES,
AND OTHER ORGANIZATIONS 83
TABLE 32 ASIA PACIFIC: REGULATORY BODIES, GOVERNMENT AGENCIES,
AND OTHER ORGANIZATIONS 83
TABLE 33 MIDDLE EAST: REGULATORY BODIES, GOVERNMENT AGENCIES,
AND OTHER ORGANIZATIONS 84
TABLE 34 REST OF THE WORLD: REGULATORY BODIES, GOVERNMENT AGENCIES,
AND OTHER ORGANIZATIONS 85
TABLE 35 CERTIFICATIONS, LABELING, AND ECO-STANDARDS IN SATELLITES MARKET 88
TABLE 36 SATELLITES MARKET, BY SATELLITE MASS, 2021?2024 (USD MILLION) 93
TABLE 37 SATELLITES MARKET, BY SATELLITE MASS, 2025?2031 (USD MILLION) 93
TABLE 38 SATELLITES MARKET, BY SUBSYSTEM, 2021?2024 (USD MILLION) 98
TABLE 39 SATELLITES MARKET, BY SUBSYSTEM, 2025?2031 (USD MILLION) 99
TABLE 40 SATELLITES MARKET, BY SATELLITE BUS, 2021?2024 (USD MILLION) 99
TABLE 41 SATELLITES MARKET, BY SATELLITE BUS, 2025?2031 (USD MILLION) 100
TABLE 42 SATELLITES MARKET, BY ATTITUDE AND ORBITAL CONTROL SYSTEM,
2021?2024 (USD MILLION) 100
TABLE 43 SATELLITES MARKET, BY ATTITUDE AND ORBITAL CONTROL SYSTEM,
2025?2031 (USD MILLION) 101
TABLE 44 SATELLITES MARKET, BY SENSOR, 2021?2024 (USD MILLION) 101
TABLE 45 SATELLITES MARKET, BY SENSOR, 2025?2031 (USD MILLION) 101
TABLE 46 SATELLITES MARKET, BY COMMAND AND DATA HANDLING SYSTEM,
2021?2024 (USD MILLION) 103
TABLE 47 SATELLITES MARKET, BY COMMAND AND DATA HANDLING SYSTEM,
2025?2031 (USD MILLION) 103
TABLE 48 SATELLITES MARKET, BY ELECTRICAL POWER SYSTEM,
2021?2024 (USD MILLION) 104
TABLE 49 SATELLITES MARKET, BY ELECTRICAL POWER SYSTEM,
2025?2031 (USD MILLION) 105
TABLE 50 SATELLITES MARKET, BY BATTERY, 2021?2024 (USD MILLION) 105
TABLE 51 SATELLITES MARKET, BY BATTERY, 2025?2031 (USD MILLION) 105
TABLE 52 SATELLITES MARKET, BY PROPULSION SYSTEM, 2021?2024 (USD MILLION) 106
TABLE 53 SATELLITES MARKET, BY PROPULSION SYSTEM, 2025?2031 (USD MILLION) 106
TABLE 54 SATELLITES MARKET, BY TELEMETRY, TRACKING, AND COMMAND SYSTEM, 2021?2024 (USD MILLION) 107
TABLE 55 SATELLITES MARKET, BY TELEMETRY, TRACKING, AND COMMAND SYSTEM, 2025?2031 (USD MILLION) 107
TABLE 56 SATELLITES MARKET, BY THERMAL SYSTEM, 2021?2024 (USD MILLION) 108
TABLE 57 SATELLITES MARKET, BY THERMAL SYSTEM, 2025?2031 (USD MILLION) 109
TABLE 58 SATELLITES MARKET, BY PAYLOAD, 2021?2024 (USD MILLION) 110
TABLE 59 SATELLITES MARKET, BY PAYLOAD, 2025?2031 (USD MILLION) 110
TABLE 60 SATELLITES MARKET, BY SATELLITE ANTENNA, 2021?2024 (USD MILLION) 111
TABLE 61 SATELLITES MARKET, BY SATELLITE ANTENNA, 2025?2031 (USD MILLION) 111
TABLE 62 SATELLITES MARKET, BY WIRE ANTENNA, 2021?2024 (USD MILLION) 112
TABLE 63 SATELLITES MARKET, BY WIRE ANTENNA, 2025?2031 (USD MILLION) 112
TABLE 64 SATELLITES MARKET, BY REFLECTOR ANTENNA, 2021?2024 (USD MILLION) 113
TABLE 65 SATELLITES MARKET, BY REFLECTOR ANTENNA, 2025?2031 (USD MILLION) 113
TABLE 66 SATELLITES MARKET, BY APPLICATION, 2021?2024 (USD MILLION) 116
TABLE 67 SATELLITES MARKET, BY APPLICATION, 2025?2031 (USD MILLION) 117
TABLE 68 SATELLITES MARKET, BY CUSTOMER TYPE, 2021?2024 (USD MILLION) 121
TABLE 69 SATELLITES MARKET, BY CUSTOMER TYPE, 2025?2031 (USD MILLION) 121
TABLE 70 SATELLITES MARKET, BY FREQUENCY, 2021?2024 (USD MILLION) 127
TABLE 71 SATELLITES MARKET, BY FREQUENCY, 2025?2031 (USD MILLION) 128
TABLE 72 SATELLITES MARKET, BY PROPULSION TECHNOLOGY, 2021?2024 (USD MILLION) 134
TABLE 73 SATELLITES MARKET, BY PROPULSION TECHNOLOGY, 2025?2031 (USD MILLION) 135
TABLE 74 SATELLITES MARKET, BY REGION, 2021?2024 (USD MILLION) 139
TABLE 75 SATELLITES MARKET, BY REGION, 2025?2031 (USD MILLION) 140
TABLE 76 SATELLITES MARKET, BY REGION, 2021?2024 (UNITS) 140
TABLE 77 SATELLITES MARKET, BY REGION, 2025?2031 (UNITS) 140
TABLE 78 NORTH AMERICA: SATELLITES MARKET, BY SATELLITE MASS,
2021?2024 (USD MILLION) 141
TABLE 79 NORTH AMERICA: SATELLITES MARKET, BY SATELLITE MASS,
2025?2031 (USD MILLION) 142
TABLE 80 NORTH AMERICA: SATELLITES MARKET, BY APPLICATION,
2021?2024 (USD MILLION) 142
TABLE 81 NORTH AMERICA: SATELLITES MARKET, BY APPLICATION,
2025?2031 (USD MILLION) 142
TABLE 82 NORTH AMERICA: SATELLITES MARKET, BY COUNTRY, 2021?2024 (USD MILLION) 142
TABLE 83 NORTH AMERICA: SATELLITES MARKET, BY COUNTRY, 2025?2031 (USD MILLION) 143
TABLE 84 NORTH AMERICA: SATELLITES MARKET, BY SATELLITE MASS, 2021?2024 (UNITS) 143
TABLE 85 NORTH AMERICA: SATELLITES MARKET, BY SATELLITE MASS, 2025?2031 (UNITS) 143
TABLE 86 NORTH AMERICA: SATELLITES MARKET, BY APPLICATION, 2021?2024 (UNITS) 143
TABLE 87 NORTH AMERICA: SATELLITES MARKET, BY APPLICATION, 2025?2031 (UNITS) 144
TABLE 88 NORTH AMERICA: SATELLITES MARKET, BY COUNTRY, 2021?2024 (UNITS) 144
TABLE 89 NORTH AMERICA: SATELLITES MARKET, BY COUNTRY, 2025?2031 (UNITS) 144
TABLE 90 US: SATELLITES MARKET, BY SATELLITE MASS, 2021?2024 (UNITS) 145
TABLE 91 US: SATELLITES MARKET, BY SATELLITE MASS, 2025?2031 (UNITS) 145
TABLE 92 US: SATELLITES MARKET, BY APPLICATION, 2021?2024 (UNITS) 145
TABLE 93 US: SATELLITES MARKET, BY APPLICATION, 2025?2031 (UNITS) 145
TABLE 94 CANADA: SATELLITES MARKET, BY SATELLITE MASS, 2021?2024 (UNITS) 146
TABLE 95 CANADA: SATELLITES MARKET, BY SATELLITE MASS, 2025?2031 (UNITS) 146
TABLE 96 CANADA: SATELLITES MARKET, BY APPLICATION, 2021?2024 (UNITS) 146
TABLE 97 CANADA: SATELLITES MARKET, BY APPLICATION, 2025?2031 (UNITS) 147
TABLE 98 ASIA PACIFIC: SATELLITES MARKET, BY SATELLITE MASS,
2021?2024 (USD MILLION) 148
TABLE 99 ASIA PACIFIC: SATELLITES MARKET, BY SATELLITE MASS,
2025?2031 (USD MILLION) 148
TABLE 100 ASIA PACIFIC: SATELLITES MARKET, BY APPLICATION, 2021?2024 (USD MILLION) 148
TABLE 101 ASIA PACIFIC: SATELLITES MARKET, BY APPLICATION, 2025?2031 (USD MILLION) 148
TABLE 102 ASIA PACIFIC: SATELLITES MARKET, BY COUNTRY, 2021?2024 (USD MILLION) 149
TABLE 103 ASIA PACIFIC: SATELLITES MARKET, BY COUNTRY, 2025?2031 (USD MILLION) 149
TABLE 104 ASIA PACIFIC: SATELLITES MARKET, BY SATELLITE MASS, 2021?2024 (UNITS) 149
TABLE 105 ASIA PACIFIC: SATELLITES MARKET, BY SATELLITE MASS, 2025?2031 (UNITS) 149
TABLE 106 ASIA PACIFIC: SATELLITES MARKET, BY APPLICATION, 2021?2024 (UNITS) 150
TABLE 107 ASIA PACIFIC: SATELLITES MARKET, BY APPLICATION, 2025?2031 (UNITS) 150
TABLE 108 ASIA PACIFIC: SATELLITES MARKET, BY COUNTRY, 2021?2024 (UNITS) 150
TABLE 109 ASIA PACIFIC: SATELLITES MARKET, BY COUNTRY, 2025?2031 (UNITS) 151
TABLE 110 CHINA: SATELLITES MARKET, BY SATELLITE MASS, 2021?2024 (UNITS) 151
TABLE 111 CHINA: SATELLITES MARKET, BY SATELLITE MASS, 2025?2031 (UNITS) 151
TABLE 112 CHINA: SATELLITES MARKET, BY APPLICATION, 2021?2024 (UNITS) 152
TABLE 113 CHINA: SATELLITES MARKET, BY APPLICATION, 2025?2031 (UNITS) 152
TABLE 114 INDIA: SATELLITES MARKET, BY SATELLITE MASS, 2021?2024 (UNITS) 152
TABLE 115 INDIA: SATELLITES MARKET, BY SATELLITE MASS, 2025?2031 (UNITS) 153
TABLE 116 INDIA: SATELLITES MARKET, BY APPLICATION, 2021?2024 (UNITS) 153
TABLE 117 INDIA: SATELLITES MARKET, BY APPLICATION, 2025?2031 (UNITS) 153
TABLE 118 JAPAN: SATELLITES MARKET, BY SATELLITE MASS, 2021?2024 (UNITS) 154
TABLE 119 JAPAN: SATELLITES MARKET, BY SATELLITE MASS, 2025?2031 (UNITS) 154
TABLE 120 JAPAN: SATELLITES MARKET, BY APPLICATION, 2021?2024 (UNITS) 154
TABLE 121 JAPAN: SATELLITES MARKET, BY APPLICATION, 2025?2031 (UNITS) 154
TABLE 122 SOUTH KOREA: SATELLITES MARKET, BY SATELLITE MASS, 2021?2024 (UNITS) 155
TABLE 123 SOUTH KOREA: SATELLITES MARKET, BY SATELLITE MASS, 2025?2031 (UNITS) 155
TABLE 124 SOUTH KOREA: SATELLITES MARKET, BY APPLICATION, 2021?2024 (UNITS) 155
TABLE 125 SOUTH KOREA: SATELLITES MARKET, BY APPLICATION, 2025?2031 (UNITS) 156
TABLE 126 AUSTRALIA: SATELLITES MARKET, BY SATELLITE MASS, 2021?2024 (UNITS) 156
TABLE 127 AUSTRALIA: SATELLITES MARKET, BY SATELLITE MASS, 2025?2031 (UNITS) 156
TABLE 128 AUSTRALIA: SATELLITES MARKET, BY APPLICATION, 2021?2024 (UNITS) 157
TABLE 129 AUSTRALIA: SATELLITES MARKET, BY APPLICATION, 2025?2031 (UNITS) 157
TABLE 130 EUROPE: SATELLITES MARKET, BY SATELLITE MASS, 2021?2024 (USD MILLION) 158
TABLE 131 EUROPE: SATELLITES MARKET, BY SATELLITE MASS, 2025?2031 (USD MILLION) 158
TABLE 132 EUROPE: SATELLITES MARKET, BY APPLICATION, 2021?2024 (USD MILLION) 159
TABLE 133 EUROPE: SATELLITES MARKET, BY APPLICATION, 2025?2031 (USD MILLION) 159
TABLE 134 EUROPE: SATELLITES MARKET, BY COUNTRY, 2021?2024 (USD MILLION) 159
TABLE 135 EUROPE: SATELLITES MARKET, BY COUNTRY, 2025?2031 (USD MILLION) 160
TABLE 136 EUROPE: SATELLITES MARKET, BY SATELLITE MASS, 2021?2024 (UNITS) 160
TABLE 137 EUROPE: SATELLITES MARKET, BY SATELLITE MASS, 2025?2031 (UNITS) 160
TABLE 138 EUROPE: SATELLITES MARKET, BY APPLICATION, 2021?2024 (UNITS) 160
TABLE 139 EUROPE: SATELLITES MARKET, BY APPLICATION, 2025?2031 (UNITS) 161
TABLE 140 EUROPE: SATELLITES MARKET, BY COUNTRY, 2021?2024 (UNITS) 161
TABLE 141 EUROPE: SATELLITES MARKET, BY COUNTRY, 2025?2031 (UNITS) 161
TABLE 142 RUSSIA: SATELLITES MARKET, BY SATELLITE MASS, 2021?2024 (UNITS) 162
TABLE 143 RUSSIA: SATELLITES MARKET, BY SATELLITE MASS, 2025?2031 (UNITS) 162
TABLE 144 RUSSIA: SATELLITES MARKET, BY APPLICATION, 2021?2024 (UNITS) 162
TABLE 145 RUSSIA: SATELLITES MARKET, BY APPLICATION, 2025?2031 (UNITS) 163
TABLE 146 UK: SATELLITES MARKET, BY SATELLITE MASS, 2021?2024 (UNITS) 163
TABLE 147 UK: SATELLITES MARKET, BY SATELLITE MASS, 2025?2031 (UNITS) 163
TABLE 148 UK: SATELLITES MARKET, BY APPLICATION, 2021?2024 (UNITS) 164
TABLE 149 UK: SATELLITES MARKET, BY APPLICATION, 2025?2031 (UNITS) 164
TABLE 150 GERMANY: SATELLITES MARKET, BY SATELLITE MASS, 2021?2024 (UNITS) 164
TABLE 151 GERMANY: SATELLITES MARKET, BY SATELLITE MASS, 2025?2031 (UNITS) 165
TABLE 152 GERMANY: SATELLITES MARKET, BY APPLICATION, 2021?2024 (UNITS) 165
TABLE 153 GERMANY: SATELLITES MARKET, BY APPLICATION, 2025?2031 (UNITS) 165
TABLE 154 FRANCE: SATELLITES MARKET, BY SATELLITE MASS, 2021?2024 (UNITS) 166
TABLE 155 FRANCE: SATELLITES MARKET, BY SATELLITE MASS, 2025?2031 (UNITS) 166
TABLE 156 FRANCE: SATELLITES MARKET, BY APPLICATION, 2021?2024 (UNITS) 166
TABLE 157 FRANCE: SATELLITES MARKET, BY APPLICATION, 2025?2031 (UNITS) 166
TABLE 158 ITALY: SATELLITES MARKET, BY SATELLITE MASS, 2021?2024 (UNITS) 167
TABLE 159 ITALY: SATELLITES MARKET, BY SATELLITE MASS, 2025?2031 (UNITS) 167
TABLE 160 ITALY: SATELLITES MARKET, BY APPLICATION, 2021?2024 (UNITS) 167
TABLE 161 ITALY: SATELLITES MARKET, BY APPLICATION, 2025?2031 (UNITS) 168
TABLE 162 MIDDLE EAST: SATELLITES MARKET, BY SATELLITE MASS,
2021?2024 (USD MILLION) 169
TABLE 163 MIDDLE EAST: SATELLITES MARKET, BY SATELLITE MASS,
2025?2031 (USD MILLION) 169
TABLE 164 MIDDLE EAST: SATELLITES MARKET, BY APPLICATION, 2021?2024 (USD MILLION) 169
TABLE 165 MIDDLE EAST: SATELLITES MARKET, BY APPLICATION, 2025?2031 (USD MILLION) 169
TABLE 166 MIDDLE EAST: SATELLITES MARKET, BY COUNTRY, 2021?2024 (USD MILLION) 170
TABLE 167 MIDDLE EAST: SATELLITES MARKET, BY COUNTRY, 2025?2031 (USD MILLION) 170
TABLE 168 MIDDLE EAST: SATELLITES MARKET, BY SATELLITE MASS, 2021?2024 (UNITS) 170
TABLE 169 MIDDLE EAST: SATELLITES MARKET, BY SATELLITE MASS, 2025?2031 (UNITS) 170
TABLE 170 MIDDLE EAST: SATELLITES MARKET, BY APPLICATION, 2021?2024 (UNITS) 171
TABLE 171 MIDDLE EAST: SATELLITES MARKET, BY APPLICATION, 2025?2031 (UNITS) 171
TABLE 172 MIDDLE EAST: SATELLITES MARKET, BY COUNTRY, 2021?2024 (UNITS) 171
TABLE 173 MIDDLE EAST: SATELLITES MARKET, BY COUNTRY, 2025?2031 (UNITS) 171
TABLE 174 UAE: SATELLITES MARKET, BY SATELLITE MASS, 2021?2024 (UNITS) 172
TABLE 175 UAE: SATELLITES MARKET, BY SATELLITE MASS, 2025?2031 (UNITS) 172
TABLE 176 UAE: SATELLITES MARKET, BY APPLICATION, 2021?2024 (UNITS) 172
TABLE 177 UAE: SATELLITES MARKET, BY APPLICATION, 2025?2031 (UNITS) 173
TABLE 178 SAUDI ARABIA: SATELLITES MARKET, BY SATELLITE MASS, 2021?2024 (UNITS) 173
TABLE 179 SAUDI ARABIA: SATELLITES MARKET, BY SATELLITE MASS, 2025?2031 (UNITS) 173
TABLE 180 SAUDI ARABIA: SATELLITES MARKET, BY APPLICATION, 2021?2024 (UNITS) 174
TABLE 181 SAUDI ARABIA: SATELLITES MARKET, BY APPLICATION, 2025?2031 (UNITS) 174
TABLE 182 REST OF MIDDLE EAST: SATELLITES MARKET, BY SATELLITE MASS,
2021?2024 (UNITS) 174
TABLE 183 REST OF MIDDLE EAST: SATELLITES MARKET, BY SATELLITE MASS,
2025?2031 (UNITS) 175
TABLE 184 REST OF MIDDLE EAST: SATELLITES MARKET, BY APPLICATION,
2021?2024 (UNITS) 175
TABLE 185 REST OF MIDDLE EAST: SATELLITES MARKET, BY APPLICATION,
2025?2031 (UNITS) 175
TABLE 186 REST OF THE WORLD: SATELLITES MARKET, BY SATELLITE MASS,
2021?2024 (USD MILLION) 176
TABLE 187 REST OF THE WORLD: SATELLITES MARKET, BY SATELLITE MASS,
2025?2031 (USD MILLION) 176
TABLE 188 REST OF THE WORLD: SATELLITES MARKET, BY APPLICATION,
2021?2024 (USD MILLION) 177
TABLE 189 REST OF THE WORLD: SATELLITES MARKET, BY APPLICATION,
2025?2031 (USD MILLION) 177
TABLE 190 REST OF THE WORLD: SATELLITES MARKET, BY REGION,
2021?2024 (USD MILLION) 177
TABLE 191 REST OF THE WORLD: SATELLITES MARKET, BY REGION,
2025?2031 (USD MILLION) 177
TABLE 192 REST OF THE WORLD: SATELLITES MARKET, BY SATELLITE MASS,
2021?2024 (UNITS) 178
TABLE 193 REST OF THE WORLD: SATELLITES MARKET, BY SATELLITE MASS,
2025?2031 (UNITS) 178
TABLE 194 REST OF THE WORLD: SATELLITES MARKET, BY APPLICATION, 2021?2024 (UNITS) 178
TABLE 195 REST OF THE WORLD: SATELLITES MARKET, BY APPLICATION, 2025?2031 (UNITS) 178
TABLE 196 REST OF THE WORLD: SATELLITES MARKET, BY REGION, 2021?2024 (UNITS) 179
TABLE 197 REST OF THE WORLD: SATELLITES MARKET, BY REGION, 2025?2031 (UNITS) 179
TABLE 198 LATIN AMERICA: SATELLITES MARKET, BY SATELLITE MASS, 2021?2024 (UNITS) 179
TABLE 199 LATIN AMERICA: SATELLITES MARKET, BY SATELLITE MASS, 2025?2031 (UNITS) 180
TABLE 200 LATIN AMERICA: SATELLITES MARKET, BY APPLICATION, 2021?2024 (UNITS) 180
TABLE 201 LATIN AMERICA: SATELLITES MARKET, BY APPLICATION, 2025?2031 (UNITS) 180
TABLE 202 AFRICA: SATELLITES MARKET, BY SATELLITE MASS, 2021?2024 (UNITS) 181
TABLE 203 AFRICA: SATELLITES MARKET, BY SATELLITE MASS, 2025?2031 (UNITS) 181
TABLE 204 AFRICA: SATELLITES MARKET, BY APPLICATION, 2021?2024 (UNITS) 181
TABLE 205 AFRICA: SATELLITES MARKET, BY APPLICATION, 2025?2031 (UNITS) 181
TABLE 206 KEY PLAYER STRATEGIES/RIGHT TO WIN, 2021?2025 182
TABLE 207 SATELLITES MARKET: DEGREE OF COMPETITION 186
TABLE 208 VOLUME BREAKDOWN OF SATELLITES LAUNCHED, 2024 188
TABLE 209 CUSTOMER TYPE FOOTPRINT 191
TABLE 210 APPLICATION FOOTPRINT 191
TABLE 211 SATELLITE MASS FOOTPRINT 192
TABLE 212 SUBSYSTEM FOOTPRINT 193
TABLE 213 FREQUENCY FOOTPRINT 194
TABLE 214 REGION FOOTPRINT 195
TABLE 215 LIST OF STARTUPS/SMES 198
TABLE 216 COMPETITIVE BENCHMARKING OF STARTUPS/SMES 199
TABLE 217 SATELLITES MARKET: PRODUCT LAUNCHES, JANUARY 2020? JANUARY 2026 202
TABLE 218 SATELLITES MARKET: DEALS, JANUARY 2020? JANUARY 2026 203
TABLE 219 SATELLITES MARKET: OTHER DEVELOPMENTS, JANUARY 2020? JANUARY 2026 210
TABLE 220 SPACEX: COMPANY OVERVIEW 222
TABLE 221 SPACEX: PRODUCTS/SOLUTIONS/SERVICES OFFERED 222
TABLE 222 SPACEX: DEALS 223
TABLE 223 SPACEX: OTHER DEVELOPMENTS 224
TABLE 224 LOCKHEED MARTIN CORPORATION: COMPANY OVERVIEW 227
TABLE 225 LOCKHEED MARTIN CORPORATION: PRODUCTS/SOLUTIONS/SERVICES OFFERED 228
TABLE 226 LOCKHEED MARTIN CORPORATION: DEALS 229
TABLE 227 LOCKHEED MARTIN CORPORATION: OTHER DEVELOPMENTS 229
TABLE 228 AIRBUS: COMPANY OVERVIEW 232
TABLE 229 AIRBUS: PRODUCTS/SOLUTIONS/SERVICES OFFERED 233
TABLE 230 AIRBUS: PRODUCT LAUNCHES 236
TABLE 231 AIRBUS: DEALS 237
TABLE 232 AIRBUS: OTHER DEVELOPMENTS 238
TABLE 233 NORTHROP GRUMMAN: COMPANY OVERVIEW 241
TABLE 234 NORTHROP GRUMMAN: PRODUCTS/SOLUTIONS/SERVICES OFFERED 242
TABLE 235 NORTHROP GRUMMAN: DEALS 244
TABLE 236 NORTHROP GRUMMAN: OTHER DEVELOPMENTS 245
TABLE 237 THALES ALENIA SPACE: COMPANY OVERVIEW 247
TABLE 238 THALES ALENIA SPACE: PRODUCTS/SOLUTIONS/SERVICES OFFERED 247
TABLE 239 THALES ALENIA SPACE: DEALS 248
TABLE 240 THALES ALENIA SPACE: OTHER DEVELOPMENTS 249
TABLE 241 L3HARRIS TECHNOLOGIES, INC.: COMPANY OVERVIEW 253
TABLE 242 L3HARRIS TECHNOLOGIES, INC.: PRODUCTS/SOLUTIONS/SERVICES OFFERED 254
TABLE 243 L3HARRIS TECHNOLOGIES, INC.: DEALS 256
TABLE 244 L3HARRIS TECHNOLOGIES, INC.: OTHER DEVELOPMENTS 256
TABLE 245 MDA SPACE: COMPANY OVERVIEW 258
TABLE 246 MDA SPACE: PRODUCTS/SOLUTIONS/SERVICES OFFERED 259
TABLE 247 MDA SPACE: OTHER DEVELOPMENTS 260
TABLE 248 PLANET LABS PBC: COMPANY OVERVIEW 261
TABLE 249 PLANET LABS PBC: PRODUCTS/SOLUTIONS/SERVICES OFFERED 262
TABLE 250 PLANET LABS PBC: PRODUCT LAUNCHES 262
TABLE 251 PLANET LABS PBC: DEALS 263
TABLE 252 PLANET LABS PBC: OTHER DEVELOPMENTS 264
TABLE 253 SNC: COMPANY OVERVIEW 265
TABLE 254 SNC: PRODUCTS/SOLUTIONS/SERVICES OFFERED 265
TABLE 255 SNC: OTHER DEVELOPMENTS 267
TABLE 256 LANTERIS SPACE SYSTEMS: COMPANY OVERVIEW 268
TABLE 257 LANTERIS SPACE SYSTEMS: PRODUCTS/SOLUTIONS/SERVICES OFFERED 268
TABLE 258 LANTERIS SPACE SYSTEMS: DEALS 270
TABLE 259 LANTERIS SPACE SYSTEMS: OTHER DEVELOPMENTS 270
TABLE 260 MITSUBISHI ELECTRIC CORPORATION: COMPANY OVERVIEW 271
TABLE 261 MITSUBISHI ELECTRIC CORPORATION: PRODUCTS/SOLUTIONS/
SERVICES OFFERED 272
TABLE 262 MITSUBISHI ELECTRIC CORPORATION: DEALS 274
TABLE 263 MITSUBISHI ELECTRIC CORPORATION: OTHER DEVELOPMENTS 275
TABLE 264 RTX: COMPANY OVERVIEW 276
TABLE 265 RTX: PRODUCTS/SOLUTIONS/SERVICES OFFERED 277
TABLE 266 RTX: OTHER DEVELOPMENTS 278
TABLE 267 OHB SE: COMPANY OVERVIEW 279
TABLE 268 OHB SE: PRODUCTS/SOLUTIONS/SERVICES OFFERED 280
TABLE 269 OHB SE: DEALS 282
TABLE 270 OHB SE: OTHER DEVELOPMENTS 282
TABLE 271 BOEING: COMPANY OVERVIEW 284
TABLE 272 BOEING: PRODUCTS/SOLUTIONS/SERVICES OFFERED 285
TABLE 273 BOEING: OTHER DEVELOPMENTS 286
TABLE 274 YORK SPACE SYSTEMS: COMPANY OVERVIEW 288
TABLE 275 YORK SPACE SYSTEMS: PRODUCTS/SOLUTIONS/SERVICES OFFERED 288
TABLE 276 YORK SPACE SYSTEMS: OTHER DEVELOPMENTS 289
TABLE 277 SURREY SATELLITE TECHNOLOGY LTD.: COMPANY OVERVIEW 290
TABLE 278 SURREY SATELLITE TECHNOLOGY LTD.: PRODUCTS/SOLUTIONS/
SERVICES OFFERED 290
TABLE 279 SURREY SATELLITE TECHNOLOGY LTD.: PRODUCT LAUNCHES 293
TABLE 280 SURREY SATELLITE TECHNOLOGY LTD.: DEALS 294
TABLE 281 AEROSPACELAB: COMPANY OVERVIEW 295
TABLE 282 ENDUROSAT: COMPANY OVERVIEW 296
TABLE 283 NANOAVIONICS: COMPANY OVERVIEW 297
TABLE 284 ASTRANIS: COMPANY OVERVIEW 298
TABLE 285 ICEYE: COMPANY OVERVIEW 299
TABLE 286 PIXXEL: COMPANY OVERVIEW 300
TABLE 287 FLEET SPACE TECHNOLOGIES PTY LTD: COMPANY OVERVIEW 301
TABLE 288 AMAZON LEO: COMPANY OVERVIEW 302
TABLE 289 AL?N SPACE: COMPANY OVERVIEW 303
TABLE 290 SKYKRAFT PTY LTD: COMPANY OVERVIEW 304
TABLE 291 ARGOTEC S.R.L.: COMPANY OVERVIEW 305FIGURE 1 MARKET SCENARIO 33
FIGURE 2 GLOBAL SATELLITES MARKET, 2021?2031 33
FIGURE 3 MAJOR STRATEGIES ADOPTED BY KEY PLAYERS IN SATELLITES MARKET 34
FIGURE 4 HIGH-GROWTH SEGMENTS IN SATELLITES MARKET 35
FIGURE 5 ASIA PACIFIC TO BE LARGEST REGIONAL MARKET DURING FORECAST PERIOD 36
FIGURE 6 NEED FOR HIGH-CAPACITY, SECURE, AND LOW-LATENCY SPACE-BASED DATA TRANSFER TO DRIVE SATELLITES MARKET 37
FIGURE 7 SMALL SATELLITES SEGMENT TO ACCOUNT FOR LARGEST SHARE BY 2031 37
FIGURE 8 COMMUNICATION SATELLITES SEGMENT TO EXHIBIT FASTEST GROWTH DURING FORECAST PERIOD 38
FIGURE 9 ELECTRIC SEGMENT ACCOUNTED FOR LARGEST SHARE IN 2025 38
FIGURE 10 SATELLITES MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES 40
FIGURE 11 VALUE CHAIN ANALYSIS 51
FIGURE 12 ECOSYSTEM ANALYSIS 53
FIGURE 13 BREAKDOWN OF TOTAL COST OF OWNERSHIP 55
FIGURE 14 OVERALL COST OF OWNERSHIP FOR DIFFERENT SATELLITE PLATFORMS 55
FIGURE 15 BILL OF MATERIALS FOR LARGE SATELLITES 57
FIGURE 16 BILL OF MATERIALS FOR MEDIUM SATELLITES 57
FIGURE 17 BILL OF MATERIALS FOR SMALL SATELLITES 58
FIGURE 18 IMPORT DATA FOR HS CODE 880260-COMPLIANT PRODUCTS, BY COUNTRY, 2020?2024 (USD THOUSAND) 59
FIGURE 19 EXPORT DATA FOR HS CODE 880260-COMPLIANT PRODUCTS, BY COUNTRY, 2020?2024 (USD THOUSAND) 60
FIGURE 20 TRENDS AND DISRUPTIONS IMPACTING CUSTOMER BUSINESS 62
FIGURE 21 INVESTMENT & FUNDING SCENARIO, 2021?2025 63
FIGURE 22 AVERAGE SELLING PRICE TREND, BY REGION, 2021?2024 (USD MILLION) 64
FIGURE 23 INDICATIVE PRICING, BY SATELLITE MASS, 2024 (USD MILLION) 65
FIGURE 24 TECHNOLOGY ROADMAP (2020-2035) 69
FIGURE 25 EMERGING TECHNOLOGY TRENDS 69
FIGURE 26 PATENT ANALYSIS, 2015-2025 70
FIGURE 27 FUTURE APPLICATIONS 72
FIGURE 28 SATELLITES MARKET: IMPACT OF AI/GENERATIVE AI 74
FIGURE 29 SATELLITES MARKET: DECISION-MAKING FACTORS 78
FIGURE 30 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS, BY CUSTOMER TYPE 79
FIGURE 31 KEY BUYING CRITERIA FOR SATELLITES, BY CUSTOMER TYPE 80
FIGURE 32 ADOPTION BARRIERS & INTERNAL CHALLENGES 81
FIGURE 33 SATELLITES MARKET, BY SATELLITE MASS, 2025?2031 (USD MILLION) 93
FIGURE 34 SATELLITES MARKET, BY SUBSYSTEM, 2025?2031 (USD MILLION) 98
FIGURE 35 SATELLITES MARKET, BY APPLICATION, 2025?2031 (USD MILLION) 116
FIGURE 36 SATELLITES MARKET, BY CUSTOMER TYPE, 2025?2031 (USD MILLION) 121
FIGURE 37 SATELLITES MARKET, BY FREQUENCY, 2025?2031 (USD MILLION) 127
FIGURE 38 SATELLITES MARKET, BY PROPULSION TECHNOLOGY, 2025?2031 (USD MILLION) 134
FIGURE 39 SATELLITES MARKET, BY REGION, 2025?2031 139
FIGURE 40 NORTH AMERICA: SATELLITES MARKET SNAPSHOT 141
FIGURE 41 ASIA PACIFIC: SATELLITES MARKET SNAPSHOT 147
FIGURE 42 EUROPE: SATELLITES MARKET SNAPSHOT 158
FIGURE 43 MIDDLE EAST: SATELLITES MARKET SNAPSHOT 168
FIGURE 44 REST OF THE WORLD: SATELLITES MARKET SNAPSHOT 176
FIGURE 45 REVENUE ANALYSIS OF TOP FOUR PLAYERS, 2021?2024 (USD MILLION) 185
FIGURE 46 MARKET SHARE ANALYSIS OF KEY PLAYERS, 2024 185
FIGURE 47 VOLUME ANALYSIS OF SATELLITES LAUNCHED, 2024 188
FIGURE 48 SATELLITES MARKET: COMPANY EVALUATION MATRIX (KEY PLAYERS), 2025 189
FIGURE 49 COMPANY FOOTPRINT 190
FIGURE 50 SATELLITES MARKET: COMPANY EVALUATION MATRIX (STARTUPS/SMES), 2025 197
FIGURE 51 COMPANY VALUATION, 2025 200
FIGURE 52 EV/EBITDA, 2025 200
FIGURE 53 BRAND/PRODUCT COMPARISON 201
FIGURE 54 LOCKHEED MARTIN CORPORATION: COMPANY SNAPSHOT 228
FIGURE 55 AIRBUS: COMPANY SNAPSHOT 233
FIGURE 56 NORTHROP GRUMMAN: COMPANY SNAPSHOT 242
FIGURE 57 L3HARRIS TECHNOLOGIES, INC.: COMPANY SNAPSHOT 254
FIGURE 58 MDA SPACE: COMPANY SNAPSHOT 259
FIGURE 59 PLANET LABS PBC: COMPANY SNAPSHOT 261
FIGURE 60 MITSUBISHI ELECTRIC CORPORATION: COMPANY SNAPSHOT 272
FIGURE 61 RTX: COMPANY SNAPSHOT 277
FIGURE 62 OHB SE: COMPANY SNAPSHOT 280
FIGURE 63 BOEING: COMPANY SNAPSHOT 285
FIGURE 64 RESEARCH DESIGN MODEL 306
FIGURE 65 RESEARCH DESIGN 307
FIGURE 66 BOTTOM-UP APPROACH 312
FIGURE 67 TOP-DOWN APPROACH 312
FIGURE 68 DATA TRIANGULATION 313