Atmospheric Satellite Trends and Forecast
The future of the global atmospheric satellite market looks promising with opportunities in the telecommunication, emergency/public safety communication, intelligent transportation system, maritime surveillance, and environmental monitoring markets. The global atmospheric satellite market is expected to grow with a CAGR of 10.1% from 2024 to 2030. The major drivers for this market are increasing demand for weather forecasting & climate monitoring and expansion of satellite networks for atmospheric research & data collection.
• Lucintel forecasts that airplane is expected to witness the highest growth over the forecast period.
• Within this market, telecommunication is expected to witness the highest growth.
• APAC is expected to witness highest growth over the forecast period.
United States: NOAA announced a collaboration with SpaceX to launch advanced atmospheric satellites for weather forecasting, supporting the governmentÄX%$%Xs initiative to enhance climate resilience and disaster preparedness.
China: Chinese space agency CNSA partnered with domestic satellite manufacturers to develop high-resolution atmospheric satellites for environmental monitoring, aligning with ChinaÄX%$%Xs targets for air quality improvement and pollution control.
European Union: ESA initiated a satellite program for atmospheric research, partnering with Airbus and Thales Alenia Space to deploy satellites for climate modeling and weather prediction, supporting the EUÄX%$%Xs climate change mitigation goals.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Atmospheric Satellite by Segment
The study includes a forecast for the global atmospheric satellite by type, application, and region.
Atmospheric Satellite Market by Type [Shipment Analysis by Value from 2018 to 2030]:
• Airplanes
• Balloons
• Airships
Atmospheric Satellite Market by Application [Shipment Analysis by Value from 2018 to 2030]:
• Telecommunications
• Emergency/Public Safety Communications
• Intelligent Transportation Systems
• Maritime Surveillance
• Environmental Monitoring
• Others
Atmospheric Satellite Market by Region [Shipment Analysis by Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Atmospheric Satellite Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies atmospheric satellite companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the atmospheric satellite companies profiled in this report include-
• Airbus
• Facebook
• Lockheed Martin
• Tao Group
• RosAeroSystems
• Thales, Alphabet
• AeroVironment
• Boeing
• UAVOS
• BAE Systems
Recent Development in the Atmospheric Satellite Market
NASA: NASA launched the GOES-R series of geostationary satellites equipped with advanced atmospheric sensors, providing real-time weather monitoring and forecasting capabilities for improved disaster management.
EUMETSAT: EUMETSAT introduced the Meteosat Third Generation (MTG) satellites with enhanced atmospheric monitoring instruments, enabling more accurate weather prediction and climate research for European regions.
ISRO: ISRO developed the INSAT-3DR satellite with atmospheric sounding capabilities, supporting weather forecasting, cyclone detection, and climate studies in the Indian subcontinent and neighboring regions.
NOAA: NOAA deployed the JPSS series of polar-orbiting satellites for global atmospheric observation, enhancing weather forecasting accuracy and providing critical data for climate research and environmental monitoring.
CNSA: China National Space Administration (CNSA) launched the Fengyun series of meteorological satellites with advanced atmospheric sensors, contributing to ChinaÄX%$%Xs efforts in weather prediction, disaster prevention, and climate change studies.
Features of the Global Atmospheric Satellite Market
Market Size Estimates: Atmospheric satellite market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Atmospheric satellite market size by type, application, and region in terms of value ($B).
Regional Analysis: Atmospheric satellite market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different types, applications, and regions for the atmospheric satellite market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the atmospheric satellite market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the growth forecast for atmospheric satellite market?
Answer: The global atmospheric satellite market is expected to grow with a CAGR of 10.1% from 2024 to 2030.
Q2. What are the major drivers influencing the growth of the atmospheric satellite market?
Answer: The major drivers for this market are increasing demand for weather forecasting & climate monitoring and expansion of satellite networks for atmospheric research & data collection.
Q3. What are the major segments for atmospheric satellite market?
Answer: The future of the atmospheric satellite market looks promising with opportunities in the telecommunication, emergency/public safety communication, intelligent transportation system, maritime surveillance, and environmental monitoring markets.
Q4. Who are the key atmospheric satellite market companies?
Answer: Some of the key atmospheric satellite companies are as follows:
• Airbus
• Facebook
• Lockheed Martin
• Tao Group
• RosAeroSystems
• Thales, Alphabet
• AeroVironment
• Boeing
• UAVOS
• BAE Systems
Q5. Which atmospheric satellite market segment will be the largest in future?
Answer: Lucintel forecasts that airplane is expected to witness the highest growth over the forecast period.
Q6. In atmospheric satellite market, which region is expected to be the largest in next 5 years?
Answer: APAC is expected to witness highest growth over the forecast period.
Q7. Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the atmospheric satellite market by type (airplanes, balloons, and airships), application (telecommunications, emergency/public safety communications, intelligent transportation systems, maritime surveillance, environmental monitoring, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
For any questions related to Atmospheric Satellite Market, Atmospheric Satellite Market Size, Atmospheric Satellite Market Growth, Atmospheric Satellite Market Analysis, Atmospheric Satellite Market Report, Atmospheric Satellite Market Share, Atmospheric Satellite Market Trends, Atmospheric Satellite Market Forecast, Atmospheric Satellite Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.