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In this article, we look at 16 of the world’s largest satellite companies. If you want to skip the detailed analysis, you can go directly to the following page. 5 of the world’s largest satellite companies.
According to a report by Allied Market Research, the global satellite market was worth $286 billion in 2022. It is expected to grow at a compound annual growth rate (CAGR) of 8.1% from 2023 to 2032, reaching $615.7 billion by the end of 2022. Forecast period. This growth is driven by an increase in space exploration missions, an increase in satellite-based warfare, and a growing trend in small satellites.
Satellite startup for global IoT connectivity
On March 8, Reuters reported that Spanish startup Satelliot is aiming to raise 100 million euros in funding to launch a small satellite network. The company will enter the competitive market for providing cost-effective internet access through space, with a current market size estimated at $100 billion. The startup has outperformed its competitors by adopting a unique approach of building a smaller network that focuses on connecting his IoT devices across regions with limited mobile network coverage. It stands out among the others. The venture targets customers in a variety of sectors, including logistics companies, farmers, and oil management platforms. Two of the company’s satellites are already in orbit, and four commercial satellites are scheduled to be launched by June 2024. The Spanish startup is expected to become operational in the second half of this year.You can also see The 12 best space stocks to buy, according to hedge funds.
Emission control satellite
With the growing trend of space exploration, environmental monitoring remains one of the key drivers of innovation in the satellite and space industry. On March 4, Reuters reported that a new satellite backed by Alphabet Inc. (NASDAQ:GOOG) and Environmental Defense Fund Group will be launched to identify methane emissions from space. This project is a major step towards holding the oil and gas sector accountable for methane emissions. The satellite, called MethanSAT, is designed to monitor greenhouse gas emissions and provide detailed information. It will also help assess the commitments made by the 50 oil and gas companies at the COP28 conference.
You can also see 20 countries with the highest carbon dioxide emissions per capita.
A satellite company revolutionizing the space field
Companies that lead the satellite industry with products and services include The Boeing Company (NYSE:BA), Airbus SE (OTC:EADSF), and Echostar Corporation (NASDAQ:SATS).
The Boeing Company (NYSE:BA) is one of the world’s largest aerospace companies. It provides satellite and satellite-related services to government and commercial customers around the world. On March 5, the company announced that it has been awarded a contract to build the communications satellite Wideband Global SATCOM (WGS) for the U.S. Space Force Space Systems Command. Boeing Co.’s (NYSE:BA) satellites provide secure communications capabilities to the U.S. military with the help of the satellite-integrated Protective Tactical Enterprise System.
Airbus SE (OTC:EADSF) is a leading aerospace company driving innovation in the satellite industry with first-class products and services. The company announced on March 19 that it has been awarded a contract from NASA’s Jet Propulsion Laboratory (JPL) to design and manufacture the twin spacecraft GRACE-C. This is a joint mission between NASA and the German Space Agency, and will strengthen the long-standing partnership between the United States and Germany on interrupted measurements of Earth’s gravitational field. Airbus SE (OTC:EADSF) will be responsible for designing the satellite and delivering it to the launch site.
EchoStar Corporation (NASDAQ:SATS) is one of the world’s largest satellite companies. Hughes Network Systems, a subsidiary of the company, announced on March 15 that major satellite operator Nilesat has acquired Hughes Jupiter Systems Getaway. His JUPITER terminal will be used for the Nilesat 301 satellite. The ground system is expected to be installed in the second quarter of 2024 and completed by the third quarter of 2024. EchoStar Corporation’s (NASDAQ:SATS) flagship ground system, the Hughes JUPITER system, provides bandwidth and cost efficiency through software definition. Satellite networking and dynamic intraroute reconfiguration.
Now that we’ve covered the companies innovating in the satellite market, let’s take a look at the 16 largest satellite companies in the world.You can also check 15 countries with the most military satellites in orbit.
An artificial satellite in flight with solar panels capturing sunlight.
methodology
To compile our list of the 16 largest satellite companies in the world, we conducted thorough research by reviewing industry reports and various similar rankings. Our research revealed both pure and non-pure operating companies. To rank pure-play companies, we considered market capitalization as of March 29 for public companies and annual revenue for private companies. For non-pure businesses, we shortlisted them based on their space and satellite sector revenues for the most recent year available. Our list ranks the world’s 16 largest satellite companies in ascending order of their financial metrics.
16 of the world’s largest satellite companies
16. Gilat Satellite Networks Ltd. (NASDAQ:GILT)
Gilat Satellite Networks Ltd. (NASDAQ:GILT) ranks among the world’s largest satellite companies. The company has over 35 years of experience in the satellite technology industry. The company boasts a portfolio of leading satellite solutions, including Very High Throughput Satellites (VHTS), Software Defined Satellites (SDS), Mobile Satellites (SOTM), and Block Upconverters (BUC). As of March 29, Gilat Satellite Networks Ltd. (NASDAQ:GILT) has a market capitalization of $309.6 million.
15. Telesat Corporation (NASDAQ:TSAT)
Market capitalization as of March 29: $416.99 million
Telesat Corporation (NASDAQ:TSAT) is a leading satellite communications company with a powerful network of low-orbit satellites. The company’s low-orbit satellite network, Telesat Lightspeed, has the capabilities to meet the high requirements of maritime, aviation, communications and government customers. Telesat Lightspeed is one of the world’s leading satellite networks. As of March 29, Telesat Corporation (NASDAQ:TSAT) had a market capitalization of $416.99 million.
14. Planet Labs PBC (NYSE:PL)
Market capitalization as of March 29: $733.5 million
Planet Labs PBC (NYSE:PL) is one of the world’s largest satellite companies. The company provides services such as aerospace, imagery, big data, GIS, and other satellite solutions. The company operates his fleet of over 200 imaging satellites. It has completed 30 successful launches and deployed more than 450 satellites. As of March 29, Planet Labs PBC (NYSE:PL) was valued at $733.5 million.
13. Eutelsat
Annual revenue (2023): $1.22 billion
Eutelsat is a leading French satellite operator. The company is engaged in services such as broadband, specialized broadcasting, telecommunications, and data services. The company has launched his fleet of 34 satellites and operates them in Europe, the Middle East, parts of Africa and Asia, and the Americas. The company generated revenue of $1.22 billion in 2023.
12. Rocket Lab USA, Inc. (NASDAQ:RKLB)
Market capitalization as of March 29: $2.01 billion
Rocket Lab USA, Inc. (NASDAQ:RKLB) is a leading aerospace company providing launch services, satellites and other spacecraft, in-orbit management solutions, and spacecraft components. The company has delivered more than 100 of his satellites to the private and public sectors. Its satellites provide services such as climate monitoring, research, national security, space debris mitigation, and Earth observation. As of March 29, Rocket Lab USA, Inc. (NASDAQ:RKLB) had a market capitalization of $2.01 billion.
11. Intelsat
Annual revenue (2023): $2.1 billion
Intelsat ranks 11th on the list of the world’s largest satellite companies. The company provides satellite communications services, including fixed and wireless communications, Internet services, and data networking services. Headquartered in Luxembourg, the company generates annual sales of $2.1 billion as of 2023.
10. Viasat, Inc. (NASDAQ:VSAT)
Market capitalization as of March 29: $2.27 billion
Viasat, Inc. (NASDAQ:VSAT) is a leading satellite communications company. The company specializes in his SATCOM products, satellite bandwidth services, satellite Internet, and satellite communications for commercial and military use. As of March 29, Viasat, Inc. (NASDAQ:VSAT) had a market capitalization of $2.27 billion, ranking No. 10 on our list.
9. Thales Alenia Space
Annual revenue (2022): $2.38 billion
Thales Arena Space has over 40 years of experience in providing space solutions including communication services, Earth observation, navigation, space exploration, environmental management and orbital infrastructure. The company generated revenue of $2.38 billion in 2022.
8. Global Star Co., Ltd. (NYSE:GSAT)
Market capitalization as of March 29: $2.77 billion
Globalstar, Inc. (NYSE:GSAT) is one of the leading satellite communications companies. The company’s satellite solutions provide enhanced communications and productivity through a constellation of low-orbit satellites. The company is headquartered in the United States and serves 100 countries. As of March 29, Globalstar, Inc. (NYSE:GSAT) has a market capitalization of $2.77 billion. It ranks number 8 on our list.
7. Lockheed Martin Space, Lockheed Martin Corporation (NYSE:LMT)
Annual revenue (2023): $3.38 billion
Lockheed Martin Space is a major business unit of Lockheed Martin Corporation (NYSE:LMT), a leading manufacturer of defense and space equipment. The company has built payloads for over 300 missions for its customers. The company’s satellite portfolio includes NASA’s Orion spacecraft and his GOES-R series. It provides services such as spacecraft design and construction, space exploration, and climate observation. The spacecraft visited eight of her planets and spent more than 1 million operational hours in space. Lockheed Martin Corporation’s (NYSE:LMT) space division generated his $3.38 billion in revenue in 2023. It ranks number 7 on our list.
6. Northrop Grumman Corporation (NYSE:NOC)
Annual segment revenue (2023): $3.6 billion
Northrop Grumman Corporation (NYSE:NOC) ranks 6th on the list of the world’s largest satellite companies. With over 30 years of experience, the company boasts high-performance satellite and space exploration capabilities. The company’s satellite solutions include protected communications satellites, commercial communications satellites, anti-jam MILASATCOM, scientific and environmental monitoring satellites, and ground systems. Satellites currently in production at the Virginia manufacturing site include the Joint Polar Satellite System (JPSS-2, JPSS-3, JPSS-4), Ice, Cloud, and Land Elevation Satellite-2 (ICESat-2), and ICON. there is. , Landsat-9. In 2023, Northrop Grumman Corporation’s (NYSE:NOC) space division generated revenues of $3.6 billion.
Click to continue reading to see the world’s 5 largest satellite companies.
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disclosure: none. 16 of the world’s largest satellite companies Originally published on Insider Monkey.
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