The pandemic continues to cause unprecedented disruption across industries worldwide.
Get detailed insights regarding the impact of COVID-19 on the market.
The global satellite payload market reached a value of US$ 15.67 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 22.54 Billion by 2027, exhibiting at a CAGR of 6.3% 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. These insights are included in the report as a major market contributor.
Satellite payloads refer to core functional and operational components of the satellite assembly. The payload provides communication capabilities while the satellite is in orbit. It shares the power supply and transponder of the satellite but have independent communication circuitry and operating systems. It is integrated into the cube, small, medium, and large satellites and consists of antennas, cameras, thermal infrared spectrometers, photometers, transponders and repeaters. The payloads are commonly used for navigation, communication, remote sensing, space exploration and imaging and the obtained data is transferred to the ground receiver for further processing. They can also include cargo, passengers, flight crew, ammunition and scientific instruments for research and experimentation.
Significant growth in the aerospace industry across the globe is one of the key factors creating a positive outlook for the market. Moreover, the rising demand for low Earth orbit (LEO)-based and earth observation imagery payloads is providing a thrust to the market growth. The satellite payloads are widely used for generating images of land, water and forest resources, which are further utilized for the monitoring of agricultural lands, tracking of climatic changes and disaster mitigation. In line with this, the increasing requirement for intelligence gathering, reconnaissance and imaging technologies for air surveillance is also contributing to the growth of the market. Various technological advancements, such as the development of artificial intelligence (AI) and cloud-enabled software-defined radio payloads, for enhanced flexibility in space missions, are acting as other growth-inducing factors. These payloads can be reprogrammed and reconfigured as per the specific mission requirements and can facilitate advanced satellite communications. Other factors, including the rapid miniaturization of satellite components, along with extensive research and development (R&D) activities in the field of space technologies, are anticipated to drive the market toward growth.
IMARC Group provides an analysis of the key trends in each sub-segment of the global satellite payload market, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on type, orbit, frequency band, application and end user.
Breakup by Type:
Breakup by Orbit:
Breakup by Frequency Band:
Breakup by Application:
Breakup by End User:
Breakup by Region:
The competitive landscape of the industry has also been examined along with the profiles of the key players being Airbus SE, Gomspace A/S, Honeywell International Inc., L3harris Technologies Inc., Lockheed Martin Corporation, Maxar Technologies Inc., Mitsubishi Electric Corporation, Northrop Grumman Corporation, Sierra Nevada Corporation, Thales Group, The Aerospace Corporation and The Boeing Company.
|Base Year of the Analysis||2021|
|Segment Coverage||Type, Orbit, Frequency Band, Application, End User, 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, Gomspace A/S, Honeywell International Inc., L3harris Technologies Inc., Lockheed Martin Corporation, Maxar Technologies Inc., Mitsubishi Electric Corporation, Northrop Grumman Corporation, Sierra Nevada Corporation, Thales Group, The Aerospace Corporation 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)|
REACH OUT TO US
Call us on
( US: +1-631-791-1145 )
( UK: +44-753-713-2163 )
( India: +91 120 433 0800 )
Drop us an email at