Artificial Satellite Market Report 2025

The artificial satellite market size has grown strongly in recent years. It will grow from $29.11 billion in 2024 to $31.61 billion in 2025 at a compound annual growth rate (CAGR) of 8.6%. The growth during the historic period is attributed to the increasing demand for satellite television broadcasting, growing need for global navigation systems, a rise in weather monitoring activities, higher defense spending on satellite surveillance, and expanding use of satellites for scientific exploration.

The artificial satellite market size is expected to see strong growth in the next few years. It will grow to $43.36 billion in 2029 at a compound annual growth rate (CAGR) of 8.2%. Growth in the forecast period is driven by expanding applications of satellites in agriculture analytics, increasing demand for real-time maritime tracking, growth in space-based disaster management efforts, rising use of satellites for environmental monitoring, and the growing need for global internet connectivity via satellites. Key trends during this time include advancements in reusable launch vehicles, innovations in miniaturized satellite designs, integration of satellites with artificial intelligence for enhanced data processing, development of satellite-based Internet of Things (IoT) networks, and progress in space-based solar power projects.

Growing interest in space exploration is expected to drive the expansion of the artificial satellite market. Space exploration involves discovering and studying outer space using spacecraft, satellites, and advanced technology. This rising interest stems from increasing demand for advanced communication and Earth observation satellites, which enable global connectivity, environmental monitoring, and enhanced security. Artificial satellites play a key role in space exploration by providing vital data on celestial bodies, orbital paths, and cosmic phenomena, allowing for more precise mission planning. They contribute to expanding scientific knowledge and support research in astronomy, planetary studies, and deep-space observation, advancing humanity’s understanding of the universe. For example, Novaspace, a France-based space governance provider, reported that government spending on space exploration reached $27 billion in 2024 and is projected to rise to nearly $31 billion by 2034. Thus, this growing enthusiasm for space exploration is fueling the artificial satellite market.

Leading companies in the artificial satellite market are focusing on developing advanced technologies such as hyperspectral satellite constellations, which provide high-resolution environmental data, improve monitoring accuracy, and support global climate initiatives. Hyperspectral satellite constellations consist of space platforms equipped with sensors capturing data across many narrow spectral bands, allowing detailed analysis of Earth’s surface, including chemical compositions, vegetation health, and atmospheric changes. In January 2025, Pixxel Space Technologies Inc., a US-based space tech firm, launched the first three satellites of its Firefly constellation aboard a SpaceX Transporter-12 rideshare mission. This hyperspectral satellite offers 5-meter spatial resolution, over 150 spectral bands, a 40-kilometer swath width, and daily revisit capability, enabling near-real-time, detailed monitoring of planetary health. The combination of high spatial resolution and rich spectral data facilitates targeted environmental analysis, predictive modeling, and detection of subtle changes in chemical makeup, water quality, vegetation health, and atmospheric conditions, providing vital insights for climate action and sustainable resource management.

In August 2025, Rocket Lab Corporation, a US aerospace company, acquired Geost LLC for $275 million. This acquisition aims to enhance Rocket Lab’s defense space capabilities by integrating Geost’s electro-optical and infrared sensor payloads into its military satellite offerings. Geost LLC is a US-based space technology company specializing in artificial satellite payloads.

Major players in the artificial satellite market are The Boeing Company, Airbus Group SE, Raytheon Technologies Corporation, Lockheed Martin Corporation, Northrop Grumman Corporation, Mitsubishi Electric Corporation, L3Harris Technologies Inc., Space Exploration Technologies Corp. (SpaceX), Blue Origin LLC, QinetiQ Group plc, Maxar Technologies Inc., OHB SE, Sierra Nevada Corporation, Iridium Communications Inc., OneWeb Satellites Limited, Planet Labs PBC, GomSpace Group AB, Dhruva Space Private Limited, NPO Lavochkin Association, Berlin Space Technologies GmbH, Indian Space Research Organisation, and RKK Energiya.

North America was the largest region in the artificial satellite market in 2024. The regions covered in artificial satellite report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the artificial satellite market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

Note that the outlook for this market is being affected by rapid changes in trade relations and tariffs globally. The report will be updated prior to delivery to reflect the latest status, including revised forecasts and quantified impact analysis. The report’s Recommendations and Conclusions sections will be updated to give strategies for entities dealing with the fast-moving international environment.

The sharp hike in U.S. tariffs and the associated trade disputes in spring 2025 are notably impacting the aerospace and defense sector by raising costs for titanium, carbon fiber composites, and avionics materials largely sourced from global suppliers. Defense contractors, locked into fixed-price government contracts, absorb these added costs, while commercial aerospace firms face airline pushback on higher aircraft prices. Delays in component shipments due to customs bottlenecks further disrupt tight production schedules for jets and satellites. The industry is responding by stockpiling critical materials, seeking waivers for defense-related imports, and collaborating with allied nations to diversify supply chain.

An artificial satellite is a man-made object launched into orbit around Earth or other celestial bodies to carry out specific tasks. These satellites are equipped with advanced technologies, including sensors, antennas, communication systems, and power sources, designed to operate under the harsh conditions of space. Their primary roles include communication, navigation, Earth observation, and scientific research.

Artificial satellites come in several main types: communication satellites, Earth observation satellites, navigational satellites, scientific research satellites, and military satellites. Communication satellites are built to relay and amplify telecommunication signals, facilitating long-distance transmission of voice, data, and video between stations on Earth. They operate in various orbits such as low Earth orbit (LEO), medium Earth orbit (MEO), geostationary orbit (GEO), and highly elliptical orbit (HEO). Ownership spans government agencies, commercial companies, non-profit organizations, and educational institutions. These satellites are used in space exploration, telecommunications, weather forecasting, and scientific research, serving users like telecom companies, government bodies, aerospace and defense contractors, research institutions, and media and broadcasting firms.

The artificial satellite market research report is one of a series of new reports that provides artificial satellite market statistics, including the artificial satellite industry global market size, regional shares, competitors with the artificial satellite market share, detailed artificial satellite market segments, market trends, and opportunities, and any further data you may need to thrive in the artificial satellite industry. This artificial satellite market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

The artificial satellite market consists of sales of satellite buses, payload modules, antennas, solar panels, batteries, onboard computers, sensors, transponders, propulsion systems, thermal control systems, reaction wheels, star trackers, communication modules, and structural frames. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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