Satellitesare the most advanced equipment for communicating with individuals across theglobe. It removes the barrier of being physically present. All of this ispossible due to the dedication of top satellite manufacturers. Fromtelecommunications, internet services to defense, everything is possible withthe help of latest satellite technologies.
Sincethe previous century, satellites have improved the quality of communicationsfrom pole to pole. The race of building the most efficient satellites datesback to over seven decades back. Now, the satellite manufacturers are joininghands to deliver a strong network of communication between differentdemographic zones.
Accordingto the Global Satellite Manufacturers’Market Report, this industry was valued at USD 177.40 billion in 2019. As the demand forsophisticated technology keeps on growing everyday, Verified market Researchanalysts projected it to reach USD 243.16 billion by 2027. This indicates that itis growing at a CAGR of 4.03% from 2020 to 2027.
Itis one of the most sophisticated industries that is growing at an unprecedentedrate. With the support from local governments, the leading satellitemanufacturers are eyeing to expand globally along with the local markets.
Americanand European markets were the leaders of this segment until recently. Now, theAsian market has overtaken both of these segments to gather the biggest chunkof the market. With the growing economies and improved technologies, thegovernments of booming economies are attracting ne3w and established players ofthe satellite manufacturers’ segment.
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Top 10 satellite manufacturersoperating worldwide
Airbus
Airbus is one of the major members of the aerospace industry. Ithas mastered the art of making advanced satellites. Its highly advancedproducts and services are aimed to offer a better connected and safer world.Airbus delivers all its products by maintaining the highest standards ofcompliance. It is one of the most transparently operating brands in thesatellite manufacturers’ segment.
The Boeing Company
The Boeing Company is the most famous name in the list of chiefsatellite manufacturers. It delivers commercial flights, security systems andsatellites across its reliable network ballooning across all continents. Boeingoffers tailored solutions without any compromise of performance and quality.
Lockheed Martin Corporation
Lockheed Martin Corporation is an Americanmultinational that was founded in 1995. It has achieved many major milestoneswith the help of its world-class R&D division. Lockheed’s advancedtechnology systems are considered to be the most reliable that need lessmaintenance. As a global security and aerospace company, it aims to build thebiggest fleet of satellites among the major satellite manufacturers.
Northrop Grumman
Northrop Grumman has solved manycomplex problems using the diffusion of technology and engineering. Itcontinues to explore new ways to offer security solutions and services toglobal customers. Since its inception in 1994, the enterprise has continued tobroaden its global market share and build partnerships with other top playersto deliver the best telecommunications solutions.
Thales Group
Thales Group is a French organization that investsin deep tech innovations. It offers a wide variety of solutions from big data,artificial intelligence, cybersecurity to quantum technology. It always offersbest in-class services by keeping customers at the heart of all its missions.
SpaceX
SpaceX is a household name across the globe. Its recent missionswith NASA have placed itr in the limelight. Apart from its mission to reducethe transportation costs to different planetary bodies, it also builds the mostsohiscates satelliltes. SapceX uses high-rated products to build all of itssatellites.
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Maxar
Maxar designs and manufactures satellites for DTH TVs, videocontent distribution and mobile communications. Maxar has gained a spot amongthe top satellite manufacturers due to its sophisticated robotics andautonomous solutions. Maxar operates in the global satellite industry under itsbusiness unit – SSL.
Mitsubishi Electric
Mitsubishi Electric is a Japanese brandfounded a century ago. From automobiles to satellites, Mitsubishi has spreadacross multiple technology-based domains. With its electronics and electricalequipment manufacturing unit, it has transformed the global market ofsatellites.
Ball Aerospace & Technologies
Ball Aerospace & Technologies creates innovativespace solutions. It continues to challenge the status quo of the market. Ballwas established in 1956 and has been continuously working on building the mostadvanced products. It is one of the most flexible brands that has shaped itsproduct offerings as per the market requirements over the course of years.
Indian Space Research Organization
Indian Space Research Organization is an Indianorganization that is owned and controlled by the Indian government. It is knownfor its high quality satellites made using low budgets. Also, the Asian brandhas made its name by achieving many industry-firsts.
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