Satellite Bus Market By Size (Small (1-500kg), Medium (501-2,500kg), Large (Above 2,500kg)), By Application (Communication, Surveillance & Security, Earth Observation & Meteorology) By Subsystem (Flight Software, Attitude Control System, Electric Power System, Structures & Mechanisms)
Global Satellite Bus Market was valued at USD 10.4 billion in the year 2017. Global Satellite Bus market is further estimated to grow at a CAGR of 6.4% from 2018 to reach USD 15.1 billion by the year 2023.
North America region holds the highest market share in 2017 and Asia-Pacific market is considered as the fastest growing market in the forecasted period. At country level U.S is projected to grow strongly in the coming years.
Lockheed Martin Corporation (U.S.), Airbus S.A.S. (France), Boeing (U.S.), Mitsubishi Electric Corporation (Japan), Thales Group (France), Israel Aerospace Industries Ltd.
(Israel), Orbital ATK, Inc (U.S.), Sierra Nevada Corporation (U.S.), Honeywell International Inc. (U.S.), China Academy of Space Technology (China), Ball Corporation (U.S.), Maxar Technologies Ltd.
(MDA) (U.S.), are some of the key players in the Global Satellite Bus market. Rising research and development expenses to cater changing demand of end users, similarly growth strategies such as acquisition, merger and expansion of the distribution network were few techniques adopted by most of Tier 1 and Tier 2 manufacturers in recent years.
Deployment of satellites as increase in space investigation missions
Repair system and maintenance in space
Implementation of technology in Satellite Bus
Government Regulations and norms.
The major shares of the market comes from Electric Power System type in Global Satellite Bus Market. On the other hand, Small satellite, by size for this market is expected to grow at highest CAGR during year 2018-2023.
Key Benefits for Stakeholders
Satellite Bus Manufacturers, Distributors and Retailers
Research and Consulting Organization
Technology Standards Organizations, Forums, Alliances and Associations
End use industries
Regulatory bodies, policy actors and consumers.
Large (Above 2,500kg)
Surveillance & Security
Earth Observation & Meteorology
Scientific Research & Exploration
Mapping & Navigation
Attitude Control System
Electric Power System
Structures & Mechanisms
Telemetry Tracking and Command (TT&C)
Key Market Players
Lockheed Martin Corporation
Mitsubishi Electric Corporation
Israel Aerospace Industries Ltd.
Orbital ATK, Inc
Sierra Nevada Corporation
Honeywell International Inc.
China Academy of Space Technology
Maxar Technologies Ltd. (MDA)
(A brief overview of 13 companies is also provided)
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