Radar & Satellite Operations in the US - Market Research Report (2013-2028)
New York, United States
Last Updated: April 2023
NAICS 51791bRevenue
$18.7bn
Past 5-Year Growth
Profit
$X.Xbn
Employees
24,261
Businesses
1,277
Wages
$X.Xbn
Radar & Satellite Operations in the US industry analysis
The Radar and Satellite Operations industry offers specialized satellite telecommunications services and plays a critical role in the operation of satellites. Enterprises are involved in satellite telemetry, tracking and control services and the operation of ground control stations. The industry does not manufacture satellite equipment. Industry revenue has been growing an annualized 5.9% over the past five years, and is expected to reach $18.7 billion in 2023, including a forecast growth of 1.9% in 2023. Industry profit, defined as earnings before interest and taxes, is also expected to rise during the period, accounting for 11.2% of industry revenue in 2023.The industry's success relies on expanding downstream broadband connections, increasing government spending, and substantial investment in computers and software. Higher demand from satellite telecommunications and TV providers has boosted satellite providers' networks to nearly full capacity and improved industry participants' bottom lines. An expansion in federal funding for defense aided companies in the industry that rely on government contracts, and these companies were not particularly hampered by the economic downturn brought on by the pandemic.Although the industry remains vital for telecommunications and defense contractors, revenue growth will slow. The digital economy will open additional markets for satellite technology, particularly in satellite-based internet provision across remote areas. Major telecommunications providers will move toward adding satellite infrastructure to their traditional offerings. While defense spending will hike, boosting demand for satellite operations, the continued slump of the Satellite TV Providers industry will accelerate, tempering industry revenue growth. Revenue is forecast to increase an annualized 2.1% to an estimated $20.8 billion in 2028. This growth hinges on increased broadband connections and a slight incline in government spending. Profit is also expected to increase to 12.5% as input costs drop amid continued growth in downstream demand.
Trends and Insights
- The COVID-19 pandemic had a positive effect on the industry, driving demand as remote-work necessitated more internet and telecommunications usage. As industry revenue was shielded from adverse economic conditions, it has been enabled to consistently increase.
- An influx of telecommunications and internet usage during the COVID-19 pandemic has benefited the industry, specifically raising demand for private network services. More consumers have added to their internet access needs due to the emergence of remote-work.
- A significant portion of industry establishments are located in the West. With many of the most prominent industry enterprises such as PrioraNet and Intelsat having headquarters in California.
- Technology is the principal basis of competition in the industry. Industry enterprises offer services differentiated by technological advancements in coverage, quality and features.
Industry Overview
Market size and recent performance (2013-2028)
Industry revenue has grown at a CAGR of 5.9 % over the past five years, to reach an estimated $18.7bn in 2023.
Trends and Insights
The industry has experienced steady restructuring and downsizing activities among its largest enterprises
- While industry revenue has prospered, demand for new radar and satellite communications infrastructure has waned somewhat compared with the industry's historic levels of high growth.
- Additional trends and insights available with purchase
Source: IBISWorld
Industry outlook (2024-2029)
Market size is projected to grow over the next five years.
Trends and Insights
Improving economic conditions position industry enterprises for success
- While macroeconomic conditions have recovered from the adverse influence of the pandemic, supply chain issues and localized restrictions still threaten semiconductor markets.
Biggest companies in the Radar & Satellite Operations in the US
| Company | Market Share (%)
2023 | Revenue ($m)
2023 | Profit ($m)
2023 | Profit Margin (%)
2023 |
|---|---|---|---|---|
Lockheed Martin Corporation | 1,046.1 | 167.0 | 16.0 | |
Intelsat S.A. | 19.0 | 2.5 | 13.3 |
To view the market share and analysis for all 2 top companies in this industry, view purchase options.
Products & Services Segmentation
Source: IBISWorld
Industry revenue is measured across several distinct product and services lines, including Private network services, Internet access services and Network leasing and licensing. Private network services is the largest segment of the Radar & Satellite Operations in the US.
Trends and Insights
The COVID-19 pandemic leads to a surge in private network services
- Private network services generate over half of industry revenue in 2023. Private communications occur through the industry's wired or wireless telecommunication facilities.
- More insights available in the full report
Widen you competitive advantage with related industries
Competitors
- Wireless Telecommunications Carriers in the US
- Telecommunications Resellers in the US
Complementors
- Satellite Telecommunications Providers in the US
- IT Consulting in the US
International industries
- Satellite TV Providers in Canada
- Telecommunications Services in Australia
- Other Telecommunications Services in New Zealand
Table of Contents
About this industry
Industry definition
Industry operators provide specialized satellite telecommunication services, such as satellite tracking, telemetry and radar station operation. They also provide terminal stations and facilities connected with terrestrial systems that transmit telecommunications to, and receive telecommunications from, satellite systems. The industry does not provide telecommunication services, but works closely with those that do, reflecting high interdependence with the telecommunications sector.
What's included in this industry?
Private network servicesInternet access servicesNetwork leasing and licensing Other network servicesCompanies
Lockheed Martin CorporationIntelsat S.A.Purchase this report to view all 2 major companies in this industry.
Related Terms
TELEMETRY, TRACKING AND CONTROL (TT&C)RADARTELEMETRYSATELLITESCADAIndustry Code
NAICS 517919 - Radar & Satellite Operations in the US
Performance
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
Analyst insights
The COVID-19 pandemic had a positive effect on the industry, driving demand as remote-work necessitated more internet and telecommunications usage. As industry revenue was sh...
In this chapter (4)
- Current Performance
- Outlook
- Volatility
- Life Cycle
Key metrics
- Annual Revenue, Recent Growth, Forecast, Revenue Volatility
- Number of Employees, Recent Growth, Forecast, Employees per Business, Revenue per Employee
- Number of Businesses, Recent Growth, Forecast, Employees per Business, Revenue per Business
- Total Profit, Profit Margin, Profit per Business
Charts
- Revenue, including historical (2013-2022) and forecast (2023-2028)
- Employees, including historical (2013-2022) and forecast (2023-2028)
- Businesses, including historical (2013-2022) and forecast (2023-2028)
- Profit, including historical (2013-2023)
- Industry Volatility vs. Revenue Growth
- Industry Life Cycle
Detailed analysis
- Trends in supply, demand and current events that are driving current industry performance
- Expected trends, economic factors and ongoing events that drive the industry's outlook
- Key success factors for businesses to overcome volatility
- How contribution to GDP, industry saturation, innovation, consolidation, and technology and systems influence the industry's life cycle phase.
Products and Markets
Learn about an industry's products and services, markets and trends in international trade.
Analyst insight
An influx of telecommunications and internet usage during the COVID-19 pandemic has benefited the industry, specifically raising demand for private network services. More con...
In this chapter
- Products & Services
- Major Markets
Key metrics
- Largest market segment and value in 2023
- Product innovation level
Charts
- Products & services segmentation in 2023
- Major market segmentation in 2023
Detailed analysis
- Trends impacting the recent performance of the industry's various segments
- Innovations in the industry's product or service offering, specialization or delivery method
- Key factors that successful businesses consider in their offerings
- Buying segments and key trends influencing demand for industry products and services
Geographic Breakdown
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
Analyst insights
A significant portion of industry establishments are located in the West. With many of the most prominent industry enterprises such as PrioraNet and Intelsat having headquart...
In this chapter (1)
- Business Locations
Charts
- Share of revenue, establishment, wages and employment in each state
- Share of population compared to establishments in each region in 2023
Tables
- Number and share of establishments in each state in 2023
- Number and share of revenue each state accounts for in 2023
- Number and share of wages each state accounts for in 2023
- Number and share of employees in each state in 2023
Detailed analysis
- Geographic spread of the industry across North America, and trends associated with changes in the business landscape
- Key success factors for businesses to use location to their advantage
Competitive Forces
Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.
Analyst insights
Technology is the principal basis of competition in the industry. Industry enterprises offer services differentiated by technological advancements in coverage, quality and fe...
In this chapter (4)
- Concentration
- Barriers to Entry
- Substitutes
- Buyer & Supplier Analysis
Key metrics
- Industry concentration level
- Industry competition level and trend
- Barriers to entry level and trend
- Substitutes level and trend
- Buyer power level and trend
- Supplier power level and trend
Charts
- Market share concentration among the top 4 suppliers from 2018-2023
- Supply chain including upstream supplying industries and downstream buying industries, flow chart
Detailed analysis
- Factors impacting the industry’s level of concentration, such as business distribution, new entrants, or merger and acquisition activity.
- Key success factors for businesses to manage the competitive environment of the industry.
- Challenges that potential industry entrants face such as legal, start-up costs, differentiation, labor/capital intensity and capital expenses.
- Key success factors for potential entrants to overcome barriers to entry.
- Competitive threats from potential substitutes for the industry’s own products and services.
- Key success factors for how successful businesses can compete with substitutes.
- Advantages that buyers have to keep favorable purchasing conditions.
- Advantages that suppliers have to maintain favorable selling conditions.
- Key success factors for how businesses can navigate buyer and supplier power.
Companies
Learn about the performance of the top companies in the industry.
Analyst insights
In 2022, the National Oceanic and Atmospheric Administration (NOAA) announced the successful launch of an advanced weather satellite built by Lockheed Martin. The satellite, ...
In this chapter
- Market Share Concentration
- Companies
- Company Spotlights
Charts
- Industry market share by company in 2019 through 2023
- Major companies in the industry, including market share, revenue, profit and profit margin in 2023
- Overview of Lockheed Martin Corporation's performance by revenue, market share and profit margin from 2017 through 2023
- Overview of Intelsat S.A.'s performance by revenue, market share and profit margin from 2017 through 2023
Detailed analysis
- Description and key data for Lockheed Martin Corporation, and factors influencing its performance in the industry
- Description and key data for Intelsat S.A., and factors influencing its performance in the industry
External Environment
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
Analyst insights
A consistent surge in the number of broadband connections and private investment in computers and software has benefited the industry. As consumers, commercial markets and th...
In this chapter
- External Drivers
- Regulation & Policy
- Assistance
Key metrics
- Regulation & policy level and trend
- Assistance level and trend
Charts
- Regulation & Policy historical data and forecast (2013-2028)
- Assistance historical data and forecast (2013-2028)
Detailed analysis
- Demographic and macroeconomic factors influencing the industry, including Regulation & Policy and Assistance
- Major types of regulations, regulatory bodies, industry standards or specific regulations impacting requirements for industry operators
- Key governmental and non-governmental groups or policies that may provide some relief for industry operators.
Financial Benchmarks
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
Analyst insights
The price of semiconductor chips, a key industry input, exerts a significant amount of influence over profit. As semiconductor prices surged amid supply chain disruptions ste...
In this chapter
- Cost Structure
- Financial Ratios
- Key Ratios
Key metrics
- Profit margin, and how it compares to the sector-wide margin
- Average wages, and how it compares to the sector-wide average wage
- Largest cost component as a percentage of revenue
- Industry average ratios for days' receivables, industry coverage and debt-to-net-worth ratio
Charts
- Average industry operating costs as a share of revenue, including purchases, wages, depreciation, utilities, rent, other costs and profit in 2023
- Average sector operating costs as a share of revenue, including purchases, wages, depreciation, utilities, rent, other costs and profit in 2023
- Investment vs. share of economy
Data tables
- Industry Multiples (2016-2021)
- Industry Tax Structure (2016-2021)
- Income Statement (2016-2021)
- Balance Sheet (2016-2021)
- Liquidity Ratios (2016-2021)
- Coverage Ratios (2016-2021)
- Leverage Ratios (2016-2021)
- Operating Ratios (2016-2021)
- Cash Flow & Debt Service Ratios (2013-2028)
- Revenue per Employee (2013-2028)
- Revenue per Enterprise (2013-2028)
- Employees per Establishment (2013-2028)
- Employees per Enterprise (2013-2028)
- Average Wage (2013-2028)
- Wages/Revenue (2013-2028)
- Establishments per Enterprise (2013-2028)
- IVA/Revenue (2013-2028)
- Imports/Demand (2013-2028)
- Exports/Revenue (2013-2028)
Detailed analysis
- Trends in the cost component for industry operators and their impact on industry costs and profitability
Key Statistics
Industry Data
Data Tables
Including values and annual change:
- Revenue (2013-2028)
- IVA (2013-2028)
- Establishments (2013-2028)
- Enterprises (2013-2028)
- Employment (2013-2028)
- Exports (2013-2028)
- Imports (2013-2028)
- Wages (2013-2028)
Methodology
How are IBISWorld reports created?
IBISWorld has been a leading provider of trusted industry research for over 50 years to the most successful companies worldwide. With offices in Australia, the United States, the United Kingdom, Germany and China, we are proud to have local teams of analysts that conduct research, data analysis and forecasting to produce data-driven industry reports.
Our analysts start with official, verified and publicly available sources of data to build the most accurate picture of each industry. Analysts then leverage their expertise and knowledge of the local markets to synthesize trends into digestible content for IBISWorld readers. Finally, each report is reviewed by one of IBISWorld’s editors, who provide quality assurance to ensure accuracy and readability.
IBISWorld relies on human-verified data and human-written analysis to compile each standard industry report. We do not use generative AI tools to write insights, although members can choose to leverage AI-based tools within the platform to generate additional analysis formats.
What data sources do IBISWorld analysts use?
Each industry report incorporates data and research from government databases, industry-specific sources, industry contacts, and our own proprietary database of statistics and analysis to provide balanced, independent and accurate insights.
Key data sources in the US include:
- US Census Bureau
- US Bureau of Labor Statistics
- US International Trade Commission
Analysts also use industry specific sources to complement catch-all sources, although their perspective may focus on a particular organization or representative body, rather than a clear overview of all industry operations. However, when balanced against other perspectives, industry-specific sources provide insights into industry trends.
These sources include:
- Industry and trade associations
- Industry federations or regulators
- Major industry players annual or quarterly filings
Finally, IBISWorld’s global data scientists maintain a proprietary database of macroeconomic and demand drivers, which our analysts use to help inform industry data and trends. They also maintain a database of statistics and analysis on thousands of industries, which has been built over our more than 50-year history and offers comprehensive insights into long-term trends.
How does IBISWorld forecast its data?
IBISWorld’s analysts and data scientists use the sources above to create forecasts for our proprietary datasets and industry statistics. Depending on the dataset, they may use regression analysis, multivariate analysis, time-series analysis or exponential smoothing techniques to project future data for the industry or driver. Additionally, analysts will leverage their local knowledge of industry operating and regulatory conditions to impart their best judgment on the forecast model.
IBISWorld prides itself on being a trusted, independent source of data, with over 50 years of experience building and maintaining rich datasets and forecasting tools. We are proud to be the keystone source of industry information for thousands of companies across the world.
Learn more about our methodology and data sourcing on the Help Center.
Frequently Asked Questions
Unlock comprehensive answers and precise data upon purchase. View purchase options.
What is the market size of the Radar & Satellite Operations in the US industry in United States in 2024?
The market size of the Radar & Satellite Operations in the US industry in United States is $18.7bn in 2024.
How many businesses are there in the Radar & Satellite Operations in the US industry in 2023?
There are 1,277 businesses in the Radar & Satellite Operations in the US industry in United States, which has grown at a CAGR of 6.8 % between 2018 and 2023.
Has the Radar & Satellite Operations in the US industry in United States grown or declined over the past 5 years?
The market size of the Radar & Satellite Operations in the US industry in United States has been growing at a CAGR of 5.9 % between 2018 and 2023.
What is the forecast growth of the Radar & Satellite Operations in the US industry in United States over the next 5 years?
Over the next five years, the Radar & Satellite Operations in the US industry in United States is expected to grow.
What are the biggest companies in the Radar & Satellite Operations in the US market in United States?
The biggest companies operating in the Radar & Satellite Operations market in United States are Lockheed Martin Corporation and Intelsat S.A.
What does the Radar & Satellite Operations in the US in United States include?
Private network services and Internet access services are part of the Radar & Satellite Operations in the US industry.
Which companies have the highest market share in the Radar & Satellite Operations in the US in United States?
The company holding the most market share in United States is Lockheed Martin Corporation.
How competitive is the Radar & Satellite Operations in the US industry in United States?
The level of competition is moderate and increasing in the Radar & Satellite Operations in the US industry in United States.
