• Blog
  • x

    We are working from home under lockdown. Our team is continuously tracking the impact of COVID-19 across different industries and we will incorporate those insights in our reports. For any specific query, mail us at [email protected]

    Satellite Bus Market Size, Share & Forecast (2018-2023) | Covid-19 Impact Analysis

    Satellite Bus Market Size, Share & Forecast (2018-2023) | Covid-19 Impact Analysis

    Satellite Bus Market Size, Share & Forecast (2018-2023) | Covid-19 Impact Analysis
    Report code - SRAD181 Delivery - 2 Weeks
    Satellite Bus Market Size, Share, Trend, Forecast, & Competitive Analysis: 2018-2023
    See more...
    Purchase Report
    notch

    Impact of COVID-19 on Satellite Bus Market

    Covid-19 has impacted the market dynamics, competition, and global...

    See more...

    Impact of COVID-19 on Satellite Bus Market

    Covid-19 has impacted the market dynamics, competition, and global supply chains. The revenues has gone down in 2020 and may resume an uptrend gradually form 2021. Companies optimizing their operation and strategy will sustain and beat the competition.

    Note: The summary below might not have included insights on covid impact since we have large number of reports.

     

    Satellite Bus Market Insights

    The global satellite bus market is projected to grow at a healthy CAGR 5.5% during the forecast period. Increasing deployment of small satellites, especially for earth observation-related applications; increasing space exploration missions, technological advancement in the systems, increasing space budget of the emerging economies, and increasing participation of private space companies are the major factors spurring the growth of the satellite bus market.

     

    Satellite Bus Market Share Analysis

    Satellite Bus Market Share by Satellite Size Type

    Based on the satellite size, the market is segmented into small, medium, and large size. Large size currently dominates the market and is expected to maintain its dominance over the next five years, driven by a host of factors including the presence of a large number of satellite buses and solar cells in order to allow a large number of functions including greater solar production and processing capacity. It also expected that small size segment is likely to witness the highest growth during the forecast period. The demand for small satellites is growing due to sharply reducing launch costs from commercial space companies as well as an increased demand for small satellites from earth observation to communications to networking applications. Furthermore, the low cost and short development time in the integration of small satellites are other factors substantiating the growth of the segment in the global satellite bus market.

    Satellite Bus Market Share by Application Type

    Based on the application type, the market is segmented into Earth Observation and Meteorology, Communication, Scientific Research & Exploration, Surveillance & Security, and Mapping & Navigation. The earth observation and meteorology segment is expected to grow at the highest rate in the coming five years, owing to their capability to monitor situations, such as cyclones, storms, floods, fires, volcanic activities, earthquakes, landslides, oil slicks, environmental pollution, and other such calamities. There has been a high focus for the development of small satellites targeting key areas including earth observation, communications, and networking.

    Satellite Bus Market Share by Subsystem Type

    The global satellite bus market is segmented based on the subsystem type as Structures & Mechanisms, Thermal Control, Electric Power System, Attitude Control System, Propulsion, Telemetry Tracking & Command (TT&C), and Flight Software. Electrical power system segment is projected to grow at the highest CAGR during the forecast period. The electric power system plays a vital role through generation, storage, conditioning control, and distribution of power within the satellites. Electric power system helps in managing the power input of solar cells, charging onboard batteries, and distributing the electric power, to all other subsystems of the satellite at the required voltage.

    Regional Insights

    Based on the regions, North America dominates the satellite bus market, driven by the presence of major spacecraft OEMs and tier players. The USA is the growth engine of the region’s market as the country has the highest space budget in the world, which is almost six times the country with the second highest space budget. Also, NASA is the largest space agency in the world, which is largely involved in space-related activities located in the USA. Furthermore, major spacecraft OEMs, such as Orbital ATK, Lockheed Martin, and Honeywell International, have the presence in the USA.

    Europe and Asia-Pacific are also likely to offer good growth opportunities in the coming years. Europe will be driven by space investments by ESA and Russia. Asia-Pacific is likely to be the fastest-growing market in the foreseen future, driven by a host of factors, including the emergence of India and China in the space sector, investments in small satellite projects, and an increased number of start-ups involved in space activities across the region.

    Key Players

    The supply chain of this market comprises ram material suppliers, component manufacturers, satellite bus system providers, spacecraft OEMs, space agencies, and space research institutes. The key satellite bus manufacturers are Orbital ATK, Inc., Lockheed Martin Corporation, Thales Alenia Space, Airbus Group, China Academy of Space Technology, Israel Aerospace Industries Ltd, The Boeing Company, Honeywell International Inc., Mitsubishi Electric Corporation, Ball Corporation, Macdonald, Dettwiler and Associates Ltd., and Sierra Nevada Corporation. Advancement in the technology and formation of a long-term relationship with OEMs are some of the key strategies adopted by the major players to gain a competitive edge in the market.

     

    Research Methodology

    For calculating the market size, our analysts follow either Top-Bottom or Bottom-Top approach or both, depending upon the complexity or availability of the data points. Our reports offer high-quality insights and are the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools. We leverage multitude of authenticated secondary sources, such as company annual reports, government sources, trade associations, journals, investor presentation, white papers, and articles to gather the data. More than 10 detailed primary interviews with the market players across the value chain in all four regions and industry experts are usually executed to obtain both qualitative and quantitative insights.

     

    Market Scope & Segmentation

    Research Scope

    Trend & Forecast Period

    2012-2023

    Forecast

    5.5% CAGR During 2018-2023

    Regions Covered

    North America, Europe, Asia-Pacific, Rest of the World

    Countries/Subregions Covered

    The USA, Canada, Mexico, France, Germany, the UK, Russia, China, Japan, India, Latin America, the Middle East and Others

    Figures & Tables

    >150

    Customization

    Up to 10% customization available free of cost

     

    The market is segmented in the following ways:

    Satellite Bus Market Size, Share & Forecast by Subsystem Type:

    • Structures & Mechanisms (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Thermal Control System (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Electric Power System (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Attitude Control System (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Propulsion (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Telemetry Tracking & Command (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Flight Software (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Satellite Bus Market Size, Share & Forecast by Satellite Size Type:

    • Small (1-500 kg) (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Medium (501-2,000 kg) (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Large (>2,001 kg) (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Satellite Bus Market Size, Share & Forecast by Application Type:

    • Earth Observation & Meteorology (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Communication (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Scientific Research & Exploration (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Surveillance & Security (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Mapping & Navigation (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Satellite Bus Market Size, Share & Forecast by Region:

    • North America (Country Analysis: the USA, Canada, and Mexico)
    • Europe (Country Analysis: Germany, France, the UK, Russia, and Rest of Europe)
    • Asia-Pacific (Country Analysis: China, Japan, India, and Rest of Asia-Pacific)
    • Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)

     

    Report Features

    This report, from Stratview Research, studies the satellite bus market over the trend period of 2012 to 2017 and forecast period of 2018 to 2023. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.

    The following are the key features of the report:

    • Market structure: Overview, industry life cycle analysis, supply chain analysis.
    • Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis.
    • Market trend and forecast analysis.
    • Market segment trend and forecast.
    • Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
    • Attractive market segments and associated growth opportunities.
    • Emerging trends.
    • Strategic growth opportunities for the existing and new players.
    • Key success factors.

     

     

    Report Customization Options

    With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

    Company Profiling

    • Detailed profiling of additional market players (up to 3 players)
    • SWOT analysis of key players (up to 3 players)

    Market Segmentation

    • Current market segmentation of any one of the satellite size type by application type  

    Competitive Benchmarking

    • Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

    Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at [email protected]. 


    Frequently Asked Questions (FAQs)

    What will be the growth of the Satellite Bus Market in the foreseeable years?

    Driven by a number of factors like Increasing deployment of small satellites & increasing space exploration missions, the satellite bus market is expected to witness an impressive growth of 5.5% CAGR During 2018-23.

    Who are the key players in the Satellite Bus Market?

    Orbital ATK, Inc., Lockheed Martin Corporation, Thales Alenia Space, Airbus Group, China Academy of Space Technology, Israel Aerospace Industries Ltd, The Boeing Company, Honeywell International Inc., Mitsubishi Electric Corporation, Ball Corporation, Macdonald, Dettwiler and Associates Ltd., and Sierra Nevada Corporation. are among the key players in the satellite bus market.

    Which region/country is expected to witness the fastest growth in the Satellite Bus Market?

    Asia-Pacific is likely to be the fastest-growing market in the satellite bus market during the forecast period of 2018-23.

    •   

      Why are We Class Apart?

      No One Does Better in Aerospace Market Research Than Us

      Largest Number of Premium Studies in Aerospace Industry

      >60% of the First Buyers Come Back to Us

      >95% Client Satisfaction Ratio, the Industry's Highest

      Clients Across Aerospace Value Chain

      Track the Latest Trends in Aerospace Industry

      Know High Growth Opportunities


       

    FREE SAMPLE