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Geostationary Satellites Market Size Worth $8.28 Billion, Globally, by 2031 – Exclusive Report by The Insight Partners

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The geostationary satellites market size is projected to reach US$ 8.28 billion by 2031 from US$ 6.19 billion in 2023 to register a CAGR of 3.7% during 2023–2031.

NEW YORK, Oct. 17, 2024 /PRNewswire/ — According to a new comprehensive report from The Insight Partners, the global geostationary satellites market is observing healthy growth owing to the rising need for satellite-based military communications and broadcasting.

Global Geostationary Satellites Market experiences increase in demand for long-range communication coverage through satellite network. Browse Detailed Insights: https://www.theinsightpartners.com/reports/geostationary-satellites-market

The report runs an in-depth analysis of market trends, key players, and future opportunities. In general, Geostationary satellites revolve in the geostationary orbits that are ~36,000 km above the Earth’s equator. These satellites are best known for a wide range of applications, including telecommunication, earth observation, and space exploration. In telecommunication, these satellites are used to improve connectivity and increase internet speed.

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Overview of Report Findings:

1.  Market Growth: The geostationary satellites market size is expected to reach US$ 8.28 billion by 2031 from US$ 6.19 billion in 2023, at a CAGR of 3.7% during the forecast period. Increasing demand for long range communication coverage is one of the major factors driving the growth for geostationary satellites market. The rising need for longer coverage satellites for satellite-based communication operations is driving the demand for geostationary satellites. Several countries have been pushing their respective investments for the procurement of GEO satellites for scheduled space launch programs.

2.  Technological Innovations: Deployment of software-defined electric systems is one of the major factors pushing the market growth. Many of the satellite component manufacturers operating across different regions have been focusing on the development of software-based electric systems that can be deployed and operated remotely to achieve maximum output from the satellite systems. Moreover, there is an increase in the deployment of software-defined payload systems. For instance, in June 2024, Turkish Aerospace announced that its first domestically manufactured telecommunications geostationary satellite “Turksat 6A,” which is scheduled for launch in July 2024, comprises small geostationary product components, including all-electric propulsion systems and software-defined payloads.

3.  Growing Need for Satellite-Based Military Communications: The rising demand for electronic warfare has been pushing the deployment of satellite-based communication systems for military applications across different regions. This is further supported by the increasing military investments in the procurement of military SATCOM systems across different regions. Such factors have been pushing the demand for direct-to-cell satellite services among the military forces. For instance, in 2023, the US Space Force announced that it has been exploring the use of small geostationary satellites in order to enhance the military communications network to improve their respective military operations.

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4.  Development of Small Satellites for Geostationary Orbit: Satellite manufacturers such as Maxar Space Systems, Astranis, Terran Orbital, SWISSto12, and Saturn Satellite Network have already been focusing on the development of small satellites that can be deployed into the GEO orbit. This will further provide relief to the satellite operators and launch companies, reducing their operational costs for placing a satellite into the GEO orbit with lesser size, weight, and cost of manufacturing.

5.  Geographical Insights: In 2023, North America led the market with a substantial revenue share, followed by Europe and Asia Pacific. Asia Pacific is expected to register the highest CAGR during the forecast period.

Market Segmentation:

Based on component, the geostationary satellites market is segmented into communication system, power system, propulsion system, and others. The communication system segment held a larger share of the geostationary satellites market in 2023.

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By application, the geostationary satellites market is segmented into communications, space exploration, navigation, earth observation, and others. The communications segment held the largest share of the geostationary satellites market in 2023.The geostationary satellites market is segmented into four major regions: North America, Europe, Asia Pacific, and Rest of the World.

Competitive Strategy and Development:

Key Players: A few major companies operating in the geostationary satellites market include Airbus SE, The Boeing Company, Ball Corporation, Korea Aerospace Industries Ltd, Lockheed Martin Corporation, Maxar Technologies Inc, Northrop Grumman Corporation, Thales Group, Israel Aerospace Industries Ltd, and OHB SE.Trending Topics: Satellite Constellation, Satellite-Based Broadcasting, Communication Satellites.

Global Headlines on Geostationary satellites market:

“Yahsat contracted Airbus Defence and Space to build two new Geostationary (GEO) satellites.””NASA, on behalf of the National Oceanic and Atmospheric Administration (NOAA), selected Ball Aerospace & Technologies Corporation of Boulder, to develop the sounder instrument for a Geostationary Extended Observations (GeoXO) satellite program.”

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“Thales Alenia Space Signed a contract with LIG Nex1 Co Ltd to provide a state-of-the-art Digital Processor for the GEO-KOMPSAT-3 communications satellite.””Boeing and MT Aerospace AG, part of OHB SE, signed a new partnership agreement in Augsburg”

In May 2024, the European Defense Organization announced the funds of US$ 7 million to launch an autonomous Bodyguard satellite in the geosynchronous earth orbit. With a strong emphasis on satellite launches for earth observation and other research activities, European countries have emerged as key players in advancing geostationary satellite technologies. Leading aerospace and space companies such as Airbus and Thales Alenia Space, which are renowned for their expertise in developing cutting-edge geostationary satellite systems, are the prime contributors to the space sector in Europe. Several space research and earth observation programs are being introduced to launch new satellites in Europe. In 2022, the European Space Programme was launched to bolster the European space sector with a budget of ~US$ 14 billion, with a particular focus on fields such as satellite navigation, connectivity, earth observation, and space research. The European Space Programme is expected to promote the launch of new satellites, thereby creating significant opportunities for the growth of the geostationary satellite market size.

COPERNICUS is the European Earth observation system aimed to provide support in the management of the environment, mitigation of climate change impact, and ensuring civil security across Europe. Further, GALILEO is a global satellite navigation and positioning system (GNSS) launched in Europe to support various sectors of the European Union’s economy, including transport, agriculture, border management, and search and rescue. In February 2022, the European Commission launched two new flagship initiatives to boost satellite-based connectivity and manage space traffic. Such initiatives and a surge in investments in the space sector are the major factors propelling the geostationary satellite market growth in Europe.

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A communication system is a major component in geostationary satellites. It plays an important role in improving the navigation systems communication network and providing information on the Earth’s environment via satellites. Electromagnetic waves are the major signal carriers in the satellite communication system. These signals carry audio, voice, video, or other related data between the ground center and space. The increase in investments by various countries across the globe in improving communication networks is the major driving factor for this segment. The communication system in the geostationary satellite offers three types of communication services: broadcasting, telecommunications, and data communications. Various countries have their own communication satellites to improve the connectivity of their telecom industry. For instance, the Indian National Satellite (INSAT) system is the largest domestic communication satellite system across Asia Pacific, with nine operational communication satellites placed in geostationary orbit.

The propulsion system segment is growing rapidly with the increasing advancement in the system by key players and government organizations. For instance, in March 2024, the Indian Space Research Organization (ISRO) planned to demonstrate the use of electric propulsion systems on its satellites. The system consists of a thruster of 300 millinewtons (mN). The growing adoption of advanced propulsion systems drives the geostationary satellite market growth. Geostationary satellites are equipped with transponders that amplify, receive, and retransmit radio signals to and from Earth. These signals are used for a wide range of applications, including broadcasting, telecommunications, remote sensing, and navigation.

Conclusion:

The geostationary satellite market is witnessing strong growth and development globally in the space sector, owing to their rising adoption in spacecraft. Increased funding and investments in satellite launching programs reflect a growing focus on space exploration, satellite deployment, and space-based services. The public sector propels the demand for heavy- and super-heavy-lift space launch services, whereas the private sector leads the demand for small- and medium-lift satellites. For instance, in April 2023, The Indian Space and Research Organization (ISRO) successfully launched GSAT-29, one of the Geostationary communication satellites, through the Geosynchronous Satellite Launch Vehicle Mark III (GSLV Mk III). GSLV Mk III has successfully launched the satellite in geosynchronous transfer orbit (GTO), which is further placed in the geostationary orbit.

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The report from The Insight Partners, therefore, provides several stakeholders—including component providers, system technology integrator, system manufacturers and others—with valuable insights into how to successfully navigate this evolving market landscape and unlock new opportunities.

Related Report Titles:

Electric Propulsion Satellites Market Size and Forecasts (2021 – 2031)Satellite Communication System Market Size and Forecasts (2021 – 2031)Satellite Propulsion Market Statistics, Share, Growth by 2031Electric Propulsion Satellites Market Size and Forecasts (2021 – 2031)Microsatellite Market Size and Forecasts (2021 – 2031)Small Satellite Market Growth, Size, Share, Trends, Key Players Analysis, and Forecast till 2031Satellite Communication Market Size and Growth 2031Satellite Communication Terminal Market Analysis and Forecast by Size, Share, Growth, Trends 2031M2M Satellite Communication Solution Market Overview, Growth, Trends, Analysis, Research Report (2021-2031)

About Us:

The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Device, Technology, Media and Telecommunications, Chemicals and Materials.

Contact Us:

If you have any queries about this report or if you would like further information, please contact us:

Contact Person:
Ankit Mathur
E-mail: ankit.mathur@theinsightpartners.com
Phone: +1-646-491-9876
Press Release: https://www.theinsightpartners.com/pr/geostationary-satellite-market

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Maveric Systems announces strategic brand positioning focused on Engineering Trust in AI-First Banking

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CHENNAI, India and DALLAS, May 12, 2026 /PRNewswire/ — Maveric Systems, a banking-exclusive technology specialist, today announced its new market positioning — Engineering Trust in AI-First Banking — as financial institutions worldwide accelerate the transition from digital-first to AI-first enterprise models.

For CIOs, the shift from digital-first to AI is a business revisioning exercise. It requires reimagining people, processes, and technology through AI, ML and automation. This needs to happen across every critical imperative, from customer experiences and modernised, real-time systems, to operational cost reduction and regulatory compliance, as well as privacy.

“As AI moves into the core of the enterprise, the key challenge is how to scale AI reliably, securely, and responsibly across highly regulated, legacy-complex environments”, said Ranga Reddy, CEO & Whole Time Director, Maveric Systems. “What banks need is not another technology vendor; they need a partner who can engineer trust into every layer of AI and ML-led transformation. That is the promise behind Maveric’s new positioning.”

Maveric’s Engineering Trust positioning is anchored in four core strengths:

AI at the Core, Not the Edges: Maveric embeds AI into core systems, operations, and decision layers, not at the periphery through isolated pilots. This shifts banks from fragmented experimentation to enterprise-wide AI-first models with real governance, observability, and accountability.Principles that engineer trust: Maveric applies a standards-led engineering approach, embedding AI principles including fairness, explainability, reliability, privacy and global banking standards and regulatory requirements, ensuring AI is compliant by design.Pragmatic, Outcome-Driven Execution: Every engagement is anchored to quantifiable business impact – faster customer onboarding, real-time decisioning, reduced cost-to-serve, improved fraud detection, and accelerated modernization.Deep Banking DNA: With over 25 years of exclusive focus on banking and financial services, Maveric builds AI within the fabric of banking, not on top of it. This domain depth ensures every AI model, use case, and solution is aligned to real-world banking processes, regulatory constraints, and customer realities across geographies.

To support CIOs AI-first journey, Maveric brings its purpose-built platforms and solutions ecosystem. PulseAI delivers continuous quality intelligence, PrismAI strengthens data integrity and data confidence, InsightHubAI unifies customer intelligence, and EdgeOpsAI provides intelligent reliability and operations.

These platforms, alongside AI-powered solutions spanning customer service, fraud and risk, application modernization, intelligent document management, and software engineering acceleration, are designed to enable scalable, responsible AI adoption across the enterprise.

At the center of this ecosystem is Maveric’s proprietary AI @ Scale framework — enabling banks to move from isolated AI use cases to industrialized transformation through business revisioning and process and technology reimagination. At the line of business and function levels, the framework integrates domain-aligned data foundations, multi-agent orchestration, AI governance, lifecycle management, and outcome-driven execution into a unified delivery model.

With a presence across three continents and 25+ years of long-standing relationships with global banks, regional leaders, and emerging fintechs, Maveric Systems is uniquely positioned to help financial institutions build the next generation of AI-first enterprises — with trust engineered into every layer.

Media Contact:
Email: marketing@maveric-systems.com 

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Longbridge Cafe Coming to Singapore: From an App on Your Phone to a Presence in Your City

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SINGAPORE, May 12, 2026 /PRNewswire/ — Longbridge Securities, the AI-powered online brokerage trusted by investors across Asia, today formally announced its first physical location in Singapore. The renovation hoarding at Guoco Tower in Tanjong Pagar has now been unveiled, marking the public start of the build-out for Longbridge Cafe Singapore, which is scheduled to open in Q3 2026.

For Longbridge, this announcement is more than a new store on the way. It signals a deliberate shift in how the brand intends to live in Singapore, from an app on a phone, to a presence that exists, visibly and tangibly, in the city its users move through every day.

A Real Presence in Singapore, Not Just a Screen

For the past several years, Longbridge’s relationship with Singapore investors has lived inside a screen. Customers downloaded the app, logged in, placed trades, watched the markets, and that was where the brand began and ended. Longbridge Cafe is designed to change this fundamental fact.

When the doors open in September, the Cafe will give Longbridge a Singapore street address, an entrance that opens to the public, and a place users can point to and tell their friends, “I’ve been there.” In an industry built on trust, this kind of visible, walkable presence is something an app, however elegant, can never fully replace.

A Relationship That Begins After Trade Confirms

A trading app’s relationship with its user typically ends the moment an order is confirmed. Longbridge Cafe is being designed to let the relationship begin there.

Online, Longbridge offers tools. In Singapore, it will soon also offer time. The Cafe will give the team a place to meet investors face to face; to understand who they are, what they are working toward, which markets matter to them, and what kind of support they need at each stage of their journey. Relationships in financial services are not built through push notifications or support tickets. They are built across tables, in unhurried conversations, over time.

A Space Designed Around Three Conversations

Longbridge Cafe will belong to Longbridge in the physical sense, but in spirit it is built for its users. Every detail of the space has been designed to host three kinds of conversations that an app, by its very nature, cannot:

Investor to investor. The Cafe will be the first physical home of the Longbridge investor community in Singapore. Whether you have just opened your first account or have navigated markets through several cycles, it is a place to meet others who follow the same markets, ask the same questions, and have walked similar paths. Investing can be a lonely pursuit. At Longbridge Cafe, it does not have to be.

Market voices to investors. Longbridge will regularly host KOLs, analysts, and industry practitioners at the Cafe,turning voices that users have only ever read into people they can sit across from. A market view will no longer be a line scrolling past in a feed; it will become a conversation, with room for follow-up, disagreement, and depth.

The Longbridge team to its users. This is the conversation Longbridge values most. Product managers, researchers, and customer service team members will step out of the office and sit directly across from the people using the platform. The Cafe is where Longbridge will listen, and in turn, the team can tell its users firsthand what is being built next. In an industry steadily automating customer relationships out of existence, Longbridge is choosing the opposite direction: to show up in person.

These three conversations, peer to peer, voice to investor, team to user, are the heart of what Longbridge Cafe is being built for. They are also among the most valuable, and least replicable, things in financial services today.

A First Step in Singapore, and a Long-Term Commitment

As a Singapore-born brokerage, opening Longbridge Cafe is more than a marketing moment. Following our first café in Tsim Sha Tsui, Hong Kong, we are proud to be the world’s first broker to bring the online investing experience to life offline, through a café. Across APAC, Longbridge’s café model has set the pace and established a blueprint that others in the industry are now beginning to follow. It is a long-term commitment, expressed in the heaviest possible form: a real, physical space, and the announcement of one is itself a deliberate act.

Located at Guoco Tower, one of Singapore’s most connected commercial addresses, directly above Tanjong Pagar MRT, the space will be modest in size but considered in its positioning. Longbridge wants to live inside the daily routes of Singapore investors: on the way to work, on a lunch break, on a Saturday afternoon. To be not just an app on the phone, but part of the city’s public life.

This will be the first Longbridge Cafe in Southeast Asia. Looking back years from now, we hope today’s announcement will be remembered not as a real-estate milestone, but as the moment when financial services in Singapore began to feel a little more human.

What we are building in Singapore is a home for our investor community. At a moment when every financial service is retreating behind a screen, we want Longbridge to be the place where investors in Singapore can find each other, face to face. Today’s announcement is the first step toward that.”
— Gavin Chia, Singapore and Regional CEO, Southeast Asia, Longbridge

About Longbridge Securities Singapore

Long Bridge Securities Pte. Ltd. (Co. Reg. No. 202111825D) is a licensed entity regulated by the Monetary Authority of Singapore (MAS), holding a Capital Markets Services Licence (CMS Licence No. CMS101211) and operating under exempt financial adviser status.

Disclaimer

Long Bridge Securities Pte. Ltd. (Co. Reg. No. 202111825D) provides an execution-only service. All investments carry risk. Please refer to the Risk Disclosure Statement on our website for details. This advertisement has not been reviewed by the Monetary Authority of Singapore.

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SOURCE Longbridge Securities

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Bindex brings osteoporosis screening to Boots pharmacies

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Earlier detection of osteoporosis than ever

LONDON and KUOPIO, Finland, May 12, 2026 /PRNewswire/ — Boots has launched a new pilot Bone Density Scan Service utilizing Bindex ultrasound technology. With the Bindex device, osteoporosis risk can be detected in a quick assessment available at selected Boots pharmacies. The collaboration helps raise awareness of personal osteoporosis risk earlier and encourages proactive steps before fractures occur. It is also part of a broader shift in healthcare—from hospital to community.

A gradually developing condition is often diagnosed too late – until now

Osteoporosis is often called “a silent condition.” According to the NHS, osteoporosis weakens bones, making them fragile and more likely to break, and diagnosis often follows a fracture. In the UK, 3.5 million people are living with osteoporosis, and more than 500,000 fragility fractures occur each year—around one every minute—according to the Royal Osteoporosis Society.

Bone Index Finland Ltd, the company behind Bindex®, enables earlier identification of osteoporosis risk. The pilot brings Bindex’s point-of-care bone health technology into a convenient assessment available in familiar community healthcare settings.

“Too often, osteoporosis is recognised only after a fracture has already occurred. This collaboration aims to change that pathway by making bone health assessment more accessible, scalable, and actionable in real-world care settings,” said Janne Karjalainen, CEO of Bone Index Finland Ltd. “By bringing point-of-care assessment closer to where people already seek health advice, we can support earlier identification, clearer next steps, and more proactive prevention.”

Earlier detection with a proven and portable device

Bindex® is a portable, radiation-free ultrasound device designed for accessible point-of-care bone health assessment. It enables healthcare providers to identify individuals who may benefit from further advice, lifestyle support, or clinical follow-up—all within community healthcare settings.

The Bindex® system has been validated in multiple clinical studies with DXA. It is CE-marked, MHRA-registered, and FDA-cleared. According to the company, more than four million scans have been performed globally, supported by clinical studies across Europe and the US.

Collaboration as part of a broader shift

The collaboration reflects a broader shift in healthcare toward prevention, community-based services, and digital health. In recent public commentary, Karjalainen highlighted the role of Bindex® pulse-echo ultrasonometry in point-of-care osteoporosis screening and fragility fracture prevention, emphasizing the need for earlier risk identification and improved accessibility in real-world settings. Karjalainen also linked Bindex’s UK activities to NHS priorities such as moving care from hospital to community and from sickness to prevention.

About Bindex®

Bindex® is a portable, radiation-free pulse-echo ultrasound technology developed by Bone Index Finland Ltd for osteoporosis screening and diagnostics. The device measures cortical bone thickness at the shinbone and calculates a Density Index to help identify individuals at higher risk of osteoporosis.

Media contacts

Bone Index Finland Ltd: info@boneindex.com
Phone: +358 50 448 1696

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SOURCE Bone Index Finland Ltd.

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