The geostationary satellite market is projected to reach 8.28 billion USD by 2031, up from 6.19 billion USD in 2023.
The Insight Partners has announced a new research report on the global geostationary satellite market. In 2023, the U.S. government's space budget reached $117 billion, marking a 15% increase compared to 2022. Nearly $59 billion of this investment is allocated to defense spending, including satellite launches. The U.S. leads the geostationary satellite market due to the presence of multiple geostationary satellite system manufacturers and government investment in the space sector. Major manufacturers of geostationary satellite solutions in North America include Moog Inc., Northrop Grumman Corporation, Lockheed Martin, and AQST Canada Inc. The rapid increase in government investment in the space industry and innovations in new products in the space sector are expected to drive the growth of the North American geostationary satellite market. This report provides a detailed analysis of the global geostationary satellite market. It analyzes the market by component, application, and region, and also discusses the strategies and challenges of key market players in detail.
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Publisher: The Insight Partners Publication Month: July 2024 Report Language: English *For more details, please visit our website or refer to the sample materials.
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Data Resource Co., Ltd. provides valuable information and analytical data for business strategy planning, including the latest market information on telecommunications, computers, electronics, energy, and automotive-related sectors worldwide, as well as competitor strategies, the development of new technologies and services, regulations, and intellectual property.