Satellite Bus Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Satellite Bus Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Report Format: PDF+Excel | Report ID: SR112023A5789
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Market Overview:

The global satellite bus market size reached US$ 12.93 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 18.62 Billion by 2027, exhibiting a CAGR of 6.15% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use sectors. These insights are included in the report as a major market contributor.

A satellite bus, also known as a spacecraft bus, refers to the structural body and primary system of a satellite comprising power, temperature control, and directional thrusters. It also consists of a life support subsystem for human-crewed missions. It provides control of the satellite and support services to the mission payload. At present, there is a considerable rise in the use of satellites for navigation, communication, and climate and environment monitoring, which is positively influencing the requirement for satellite buses across the globe.

Satellite Bus Market Trends:

Increasing investments in space programs by governments of numerous countries around the world currently represents one of the key factors bolstering the growth of the market. Moreover, satellites can detect underground water and mineral sources, monitor the transfer of nutrients and contaminants from land into waterways, and measure land and water temperatures, the growth of algae in seas, and the erosion of topsoil from land. They can also efficiently track large-scale infrastructures like fuel pipelines that need to be checked for leaks, which would require enormous hours of land- or air-based inspection. Besides this, satellites allow meteorologists to monitor the weather globally, enabling them to follow the effects of phenomena like volcanic eruptions. This is creating a positive outlook for the market. Nowadays, satellite buses can accommodate reconfigurable payloads, smart power systems, and onboard propulsion technologies, which is also impelling the market growth. Furthermore, satellite launch costs are reducing on account of improvements in reusable rockets and the rising utilization of flexible launch sites. This, coupled with the increasing number of satellites launches worldwide, is anticipated to facilitate the growth of the market.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global satellite bus market, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on subsystem, satellite size and application.

Breakup by Subsystem:

  • Structures and Mechanisms
  • Thermal Control
  • Electric Power System
  • Attitude Control System
  • Propulsion
  • Telemetry Tracking Command
  • Flight Software
     

Breakup by Satellite Size:

  • Small
  • Medium
  • Large
     

Breakup by Application:

  • Earth Observation and Meteorology
  • Communication
  • Scientific Research and Exploration
  • Surveillance and Security
  • Mapping
  • Navigation
     

Breakup by Region:

  • North America
    • United States
    • Canada
  • Asia-Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Indonesia
    • Others
  • Europe
    • Germany
    • France
    • United Kingdom
    • Italy
    • Spain
    • Russia
    • Others
  • Latin America
    • Brazil
    • Mexico
    • Others
  • Middle East and Africa
     

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players being Airbus SE, Ball Corporation, Centum Electronics Limited, Honeywell International Inc., Israel Aerospace Industries, Lockheed Martin Corporation, Maxar Technologies Inc., NanoAvionics Corp. (AST SpaceMobile Inc), NEC Corporation (AT&T Corporation), Northrop Grumman Corporation, Sierra Nevada Corporation, Thales Group and The Boeing Company.

Report Coverage:

Report Features Details
Base Year of the Analysis 2021
    Historical Period 2016-2021
Forecast Period 2022-2027
Units US$ Billion
Segment Coverage Subsystem, Satellite Size, Application, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered Airbus SE, Ball Corporation, Centum Electronics Limited, Honeywell International Inc., Israel Aerospace Industries, Lockheed Martin Corporation, Maxar Technologies Inc., NanoAvionics Corp. (AST SpaceMobile Inc), NEC Corporation (AT&T Corporation), Northrop Grumman Corporation, Sierra Nevada Corporation, Thales Group and The Boeing Company.
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 2499
Five User License: US$ 3499
Corporate License: US$ 4499
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

 

Key Questions Answered in This Report:

  • How has the global satellite bus market performed so far and how will it perform in the coming years?
  • What has been the impact of COVID-19 on the global satellite bus market?
  • What are the key regional markets?
  • What is the breakup of the market based on the subsystem?
  • What is the breakup of the market based on the satellite size?
  • What is the breakup of the market based on the application?
  • What are the various stages in the value chain of the industry?
  • What are the key driving factors and challenges in the industry?
  • What is the structure of the global satellite bus market and who are the key players?
  • What is the degree of competition in the industry?

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Satellite Bus Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027
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