Satellite Bus Market by Subsystem, Satellite Size, Application, and Region - Global Forecast to 2022 | MarketsandMarkets


Posted March 14, 2019 by sandeep_roy

The satellite bus market was USD 9.28 Billion in 2016 and is projected to reach USD 13.64 Billion by 2022, at a CAGR of 5.97% during the forecast period. The base year considered for the study is 2016 and the forecast period is from 2017 to 2022.

 
The report "Satellite Bus Market by Subsystem (Structures & Mechanisms, Thermal Control, Electric Power, Attitude Control, Propulsion, Telemetry Tracking and Command (TT&C), Flight Software), Satellite Size, Application, and Region - Global Forecast to 2022", The satellite bus market is estimated to grow from an estimated USD 10.21 Billion in 2017 to USD 13.64 Billion by 2022, at a CAGR of 5.97% during the forecast period.

The ecosystem of the satellite bus market comprises satellite bus and component manufacturers, suppliers, and technology support providers, such as Airbus Defense and Space SAS (France), Boeing (US), Thales Group (France), Lockheed Martin Corporation (US), and Mitsubishi Electric Corporation (Japan), among others. These companies offer advanced technology systems, products, and services. They also provide a broad range of management, engineering, technical, communications, and information service capabilities.

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Target Audience

Component Providers
Original Equipment Manufacturers
Subsystem Manufacturers
Technology Support Providers
Ministries of Defense
Scientific Research Centers
Forums, Alliances, and Associations
End Users

Based on satellite size, the small (1-500 kg) segment is expected to lead the satellite bus market during the forecast period

Based on satellite size, the small (1-500 kg) segment is estimated to lead the satellite bus market during the forecast period, as these satellites can be used for high precision and complex space missions such as remote sensing, navigation, maritime and transportation management, space & earth observation, disaster management, military intelligence, telecommunications, and other academic purposes.

The earth observation & meteorology application segment is estimated to lead the satellite bus market during the forecast period

Based on application, the earth observation & meteorology segment is projected to lead the satellite bus market during the forecast period due to the increasing use of satellites for scientific research purposes as well as for earth observation worldwide. The advanced design and manufacture of satellite buses for various satellite applications, such as communications, earth observation & meteorology, communication, scientific research & exploration, surveillance & security, and mapping & navigation are expected lead to an increase in the launch of satellites into orbits.

North America is estimated to account for the largest share of the satellite bus market in 2017

North America is estimated to lead the satellite bus market in 2017. There is an increasing interest in satellites due to the lowered cost of satellite launch vehicles, and an increase in the applicability of satellites in both, commercial and military sectors. Thus, the growing applicability of satellites is one of the most significant factors propelling the demand for satellite bus in North America. In addition, advances in propulsion technology and spacecraft design have contributed to the growth of the satellite bus market in North America.

Key Market Players

Airbus Group (Netherlands), The Boeing Company (US), China Academy of Space Technology (China), Honeywell International Inc. (US), Indian Space Research Organization (India), Israel Aerospace Industries Ltd (Israel), Lockheed Martin Corporation (US), MacDonald, Dettwiler and Associates Ltd. (Canada), Mitsubishi Electric Corporation (Japan), Orbital ATK, Inc. (US), and Thales Alenia Space (France), among others, are the major players in the satellite bus market.

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Issued By MarketsandMarkets Research Pvt. Ltd.
Country United States
Categories Aerospace , Technology , Telecom
Tags aerospace , satellite bus market , spacecraft bus
Last Updated March 14, 2019