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Satellite Bus Market Size, Share & Industry Analysis, By Size (Small (1-500 kg), Medium (501-2500 kg), Large (>2500 kg)), By Subsystem (Structures and Mechanisms, Thermal Control, Electric Power System(EPS)), By Application (Earth Observation & Meteorology, Communication, Scientific Research & Exploration) and Regional Forecast, 2021-2028

Region : Global | Report ID: FBI102608 | Status : Ongoing

 

KEY MARKET INSIGHTS

The structural body and primary system of a satellite are commonly referred to as a satellite bus. The satellite bus is used as a transport mechanism for a payload. Every space mission depends on the work between spacecraft and payload. The bus drives satellite by generating power and helpful for different applications. Increasing deployment of small satellites, especially for applications such as earth observation, an increase in several space exploration missions, increased investments in space-related missions from emerging economies, technological advancement in satellite systems, and growing private space companies are the major factors driving the growth of the satellite bus market.


Key Market Driver -

• Increased Deployment of Satellites Drives The Growth Of The Market • Increase in Number Of Space Investigation Missions Propels The Market Growth

Key Market Restraint -

• Higher Cost Associated in Repair And Maintenance


Market Segmentation:


By size, the market segmented into small, medium, and large. The small satellite is further classified into nanosatellite, microsatellite, and minisatellite. Based on the subsystem, the market segmented into structures and mechanisms, thermal control, electric power systems (EPS), attitude control system, propulsion, telemetry tracking and command (TT&C), and flight software. Based on the application, the market is segmented into earth observation & meteorology, communication, scientific research & exploration, surveillance & security, and navigation & mapping. From a geographical standpoint, the market categorized into North America, Europe, Asia Pacific, and the Rest of the World.


Key Players Covered:


Major key players that are present in the Global Satellite Bus Market are Honeywell International Inc. (The U.S.), Lockheed Martin Corporation (The U.S.), Airbus S.A.S. (France), Boeing (The US), Thales Group (France), IAI (Israel), Mitsubishi Electric Corporation (Japan), BALL CORPORATION (The U.S.), Sierra Nevada Corporation (The U.S.), Northrop Grumman Corporation (The U.S.), and among others.


Key Insights



  • Increased Deployment of Satellites


Regional Analysis:


North America holds the highest market share in the satellite bus market. The growth is attributed to the


increasing investments in the satellite bus industry by the U.S. to enhance the efficiency and capabilities of the satellite bus and launch vehicles. The presence of key manufacturers in the U.S. such as Lockheed Martin Corporation, BALL CORPORATION, Boeing, Honeywell International Inc., and others drive the growth of the satellite bus market across the region.


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 Asia Pacific estimated to capture a significant market share of the satellite bus market globally during the forecast period. An increase in the development of satellites and rising investments in space missions from countries such as China and India drives the market in the region. Europe will witness significant growth due to the presence of key players such as Airbus S.A.S., Thales Group, and others. In the Rest of the World, increasing satellite deployment for exploration missions drives the market growth.


Segmentation


























 ATTRIBUTE


 DETAILS

By Size




  • Small (1-500 kg)

    • Nanosatellite

    • Microsatellite

    • Minisatellite



  • Medium (501-2500 kg)

  • Large (>2500 kg)



By Subsystem




  • Structures and Mechanisms

  • Thermal Control

  • Electric Power System(EPS)

  • Attitude Control System

  • Propulsion

  • Telemetry Tracking and Command (TT&C)

  • Flight Software



By Application




  • Earth Observation & Meteorology

  • Communication

  • Scientific Research & Exploration

  • Surveillance & Security

  • Mapping & Navigation



By Geography




  • North America (The U.S., and Canada)

  • Europe (The U.K., Germany, France, Russia, and Rest of Europe)

  • Asia Pacific (India, China, Japan, South Korea, and Rest of Asia Pacific)

  • Rest of the World ( Latin America, The Middle East, and Africa)



Satellite Bus Market Industry Developments



  • In January 2019, Airbus S.A.S. has signed a contract with Defense Advanced Research Projects Agency (DARPA) to develop a satellite bus in support of the Blackjack program. The Blackjack program is an architecture demonstration intends to show the military utility of global low earth orbit constellations and mesh network of low size, cost, and weight.

  • In March 2018, Orbital ATK launched new version of satellite servicing vehicle. The Mission Robotic Vehicle is a version of the MEV and the Mission Extension Pods is based on Orbital ATK’s ESPASat small satellite bus


Satellite Bus Market Size, Share and Global Industry Trend Forecast till 2026
  • Ongoing
  • 2020
  • 2017-2019

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