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Research details developments in the satellite bus market

The Global Satellite Bus Market represents its costing, production, scope to increase its demand by the 2023 year. The Global Satellite Bus Market Report is based on Global key findings, Regional analysis, Growth factors and others. The Report helps to fasten the business across the globe and provides in-depth information.

GLOBAL SATELLITE BUS MARKET was valued at USD 10.4 Billion in the year 2017. Global Satellite Bus market Make an Inquiry about this news 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 a country level, the 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.

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Rising research and development expenses to cater to 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.

Drivers:

             Deployment of satellites as an increase in space investigation missions

Restraints:

             Repair system and maintenance in space

Opportunities:

             Implementation of technology in Satellite Bus

Challenges:

             Government Regulations and norms.

The major shares of the market come 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 the year 2018-2023.

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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.

By Size

Small (1-500kg)

Medium (501-2,500kg)

Large (Above 2,500kg)

By Application

Communication

Surveillance & Security

Earth Observation & Meteorology

Scientific Research & Exploration

Mapping & Navigation

Others

By Subsystem

Flight Software

Attitude Control System

Electric Power System

Structures & Mechanisms

Thermal Control

Telemetry Tracking and Command (TT&C)

Propulsion

By Region

North America

Europe

Asia-Pacific

RoW

Key Market Players

Lockheed Martin Corporation

Airbus S.A.S.

Boeing

Mitsubishi Electric Corporation

Thales Group

Israel Aerospace Industries Ltd.

Orbital ATK, Inc

Sierra Nevada Corporation

Honeywell International Inc.

China Academy of Space Technology

Ball Corporation

Maxar Technologies Ltd. (MDA)

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