Satellite Bus Market By Type (Small, Medium, Large), By Technology (Structures and Mechanisms, Attitude Control System, Thermal Control, Electric Power System(EPS), Propulsion, Telemetry Tracking and Command (TT&C), Flight Software), By Application (Earth Observation & Meteorology, Scientific Research & Exploration, Communication, Surveillance & Security, Mapping & Navigation), Industry Trends, Estimation & Forecast, 2023-2030

Market Overview

Satellite bus is also known as spacecraft bus. It is the universal model on which multiple-production satellite spacecraft are often based. Satellite bus are used for geosynchronous satellites, communications satellites, and are also used in spacecraft which occupy lower orbits, including low Earth orbit missions. It provides locations for the payload.

Satellite Bus market is estimated to reach $65 billion by 2030; growing at a CAGR of 9.1% till 2030.

Satellite Bus Market Revenue by, 2022-2030

Growth Factors

Rising demand for satellite communication in emergency situations is boosting the global Satellite Bus market. For instance, Worldwide humanitarian organizations are increasingly reliant on satellite communication for its robustness, and expansive coverage as satellite technology facilitate and efficient response. Satellite terminals can be deployed anywhere independent of the local infrastructure that provides global coverage and an active communication channel to help in relief operations during natural disasters and emergency situations. The adoption of satellite broadband communication in emerging countries such as China, India, and Brazil is increasing rapidly. This is because of the vastness of these regions and the unavailability of high-speed wireless broadband networks across these countries. The geographical spread of China and India is extensive with vast sections of these countries relying on satellite for communication. This region, however, has minimal high-speed wireless networks and do not have LTE networks in many locations. Due to the growing number of public safety services and the high demand for real-time communication for public safety, most of the governments in these emerging regions are dependent on satellite broadband communication for public safety. Moreover, Increase in launch of satellites to geostationary orbits (GEO) is a key driving factor of the market. However, High costs associated with manufacturing and launch services might hamper market growth. For instance, The launch of a satellite is a big-ticket event. The systematic process, starting from its layout, development, launch, and invigilation, amounts to $50-$400 million. Although a single launch of a space shuttle can accommodate multiple satellites to be sent into the orbit, it easily translates to an outlay of $500 million. A failure in launch can result in a massive loss of money; on the other hand, sustenance from damages needs more repairing charges. Growth in satellite-based telemetry applications would provide lucrative opportunities for the market in the coming years.

Market Segmentation

The global Satellite Bus market is mainly classified based on Type, Technology, Application. Type is further segmented into Small, Medium, Large. SmallSatellite Bus is dominating the global Satellite Bus market by type. A small satellite has a weight under 500 kg (1,100 lb.).Satellites are built small to reduce the large economic cost of launch vehicles and the costs associated with construction. The small satellite bus is designed to support low earth orbit payloads, has led to the detailed design of a small satellite bus and its launch vehicle adapter. The small satellite bus is designed to support interchangeable payloads of up to 85 Ibs. The integration of small satellite bus in the rocket to reduce the cost of the mission is boosting the global satellite bus market. For instance, Ball Aerospace satellite used for NASA’s Green Propellant Infusion Mission (GPIM) has been launched onboard a SpaceX Falcon Heavy rocket. The spacecraft bus is the smallest of Ball Configurable Platform (BCP) satellites, which is about the size of a mini-refrigerator. By Technology the market is further divided into Structures and Mechanisms, Attitude Control System, Thermal Control, Electric Power System(EPS), Propulsion, Telemetry Tracking and Command (TT&C), Flight Software. By Application, the market is further divided into Earth Observation & Meteorology, Scientific Research & Exploration, Communication, Surveillance & Security, Mapping & Navigation.

Regional Analysis

Based on geography, the global Satellite Bus market is divided into North America, Europe, Asia-Pacific, South America, and Middle East & Africa. North America is further divided in the U.S., Canada, and Mexico, whereas Europe consists of the UK, Germany, France, Italy, and Rest of Europe. Asia-Pacific is further segmented into India, China, Japan, South Korea, and Rest of Asia-Pacific. The South America region includes Brazil, Argentina, and the Rest of South America, while the Middle East & Africa is categorized into GCC Countries, Egypt, South Africa, and Rest of Middle East & Africa.

North America is dominating the global Satellite Bus market, due to the rapid development of space programs in various countries, enhancement in a communication network through the launch of new satellites, and growth in federal space exploration spending are the primary factors that are fuelling the growth prospects of the North America Satellite Bus market towards positive outcomes. The United States conducted 29 orbital space launches from its territory using six different launch vehicle families from three operators in 2017. The successful launch of all satellites, without any failure, have improved the product application of satellite bus subsystems and related products. In addition, the rise in federal spending towards space missions would also increase demand for satellite bus products. The National Aeronautic Space Administration (NASA) budget for the fiscal year 2020 is $21 billion, a 1.4% increase over FY 2019.

Market Leaders

Key players operating in the Satellite Bus industry include Orbital ATK, Inc., Lockheed Martin Corporation, Thales Alenia Space, Airbus Group, Israel Aerospace Industries Ltd, The Boeing Company, Honeywell, Mitsubishi Electric Corporation, MAXAR TECHNOLOGIES, Sierra Nevada Corporation.

The major players are looking to expand business activities and strengthen business position on the basis of innovative product capabilities and R&D development. The companies are adopting aggressive business strategies to maintain a competitive advantage over others. Product launches and continued product development are the most followed business strategies of key manufacturers, intending to improve product sales volume in matured and developing markets. For instance, on May 16, 2018, Thales Alenia Space initiated the development of its brand-new telecom satellites Spacebus Neo product line to deliver the solution for geostationary satellites to meet operators needs in the highly competitive worldwide satcom market.

Satellite Bus Market Key Segments

By Type
• Small
• Medium
• Large

By Technology
• Structures and Mechanisms
• Attitude Control System
• Thermal Control
• Electric Power System(EPS)
• Propulsion
• Telemetry Tracking and Command (TT&C)
• Flight Software

By Application
• Earth Observation & Meteorology
• Scientific Research & Exploration
• Communication
• Surveillance & Security
• Mapping & Navigation

By Geography
• North America
o The U.S.
o Canada
o Mexico

• Europe
o U.K
o Germany
o France
o Italy
o Rest of Europe

• Asia Pacific
o India
o China
o Japan
o South Korea
o Rest of Asia Pacific

• South America
o Brazil
o Argentina
o Rest of South America

• Middle East & Africa
o GCC Countries
o Egypt
o South Africa
o Rest of Middle East & Africa

Key Global Satellite Bus Industry Players

• Orbital ATK, Inc.
• Lockheed Martin Corporation
• Thales Alenia Space
• Airbus Group
• Israel Aerospace Industries Ltd
• The Boeing Company
• Honeywell
• Mitsubishi Electric Corporation
• MAXAR TECHNOLOGIES
• Sierra Nevada Corporation

Table of Content

1. Market Introduction
1.1. Executive Summary
1.2. Market Definition
1.3. Market Scope

2. Research Methodology
2.1. Primary Research
2.2. Research Methodology
2.3. Assumptions & Exclusions
2.4. Secondary data sources

3. Satellite Bus Market Overview
3.1. Report Segmentation & Scope
3.2. Key Market Trend
3.3. Drivers
3.3.1. Rising demand for satellite communication in emergency situations
3.3.2. Increase in launch of satellites to geostationary orbits (GEO)
3.4. Restraints
3.4.1. High costs associated with manufacturing and launch services
3.5. Opportunity
3.5.1. Growth in satellite-based telemetry applications
3.6. Porter’s Five Forces Analysis
3.6.1. Porter’s Five Forces Analysis
3.7. Market Share Analysis

4. Type Overview
4.1. Introduction
4.1.1. Market Size & Forecast
4.2. Small
4.2.1. Market Size & Forecast
4.3. Medium
4.3.1. Market Size & Forecast
4.4. Large
4.4.1. Market Size & Forecast

5. Technology Overview
5.1. Introduction
5.1.1. Market Size & Forecast
5.2. Structures and Mechanisms
5.2.1. Market Size & Forecast
5.3. Attitude Control System
5.3.1. Market Size & Forecast
5.4. Thermal Control
5.4.1. Market Size & Forecast
5.5. Electric Power System(EPS)
5.5.1. Market Size & Forecast
5.6. Propulsion
5.6.1. Market Size & Forecast
5.7. Telemetry Tracking and Command (TT&C)
5.7.1. Market Size & Forecast
5.8. Flight Software
5.8.1. Market Size & Forecast

6. Application Overview
6.1. Introduction
6.1.1. Market Size & Forecast
6.2. Earth Observation & Meteorology
6.2.1. Market Size & Forecast
6.3. Scientific Research & Exploration
6.3.1. Market Size & Forecast
6.4. Communication
6.4.1. Market Size & Forecast
6.5. Surveillance & Security
6.5.1. Market Size & Forecast
6.6. Mapping & Navigation
6.6.1. Market Size & Forecast

7. Satellite Bus Market Regional Overview
7.1. Introduction
7.1.1. Market Size & Forecast
7.2. North America Satellite Bus Market
7.2.1. North America Market Size & Forecast, By Country
7.2.2. North America Market Size & Forecast, By Type
7.2.3. North America Market Size & Forecast, By Technology
7.2.4. North America Market Size & Forecast, By Application
7.2.5. The U.S.
7.2.5.1. Market Size and Forecast
7.2.6. Canada
7.2.6.1. Market Size and Forecast
7.2.7. Mexico
7.2.7.1. Market Size and Forecast
7.3. Europe Satellite Bus Market
7.3.1. Europe Market Size & Forecast, By Country
7.3.2. Europe Market Size & Forecast, By Type
7.3.3. Europe Market Size & Forecast, By Technology
7.3.4. Europe Market Size & Forecast, By Application
7.3.5. Germany
7.3.5.1. Market Size and Forecast
7.3.6. France
7.3.6.1. Market Size and Forecast
7.3.7. UK
7.3.7.1. Market Size and Forecast
7.3.8. Italy
7.3.8.1. Market Size and Forecast
7.3.9. Spain
7.3.9.1. Market Size and Forecast
7.3.10. Rest of Europe
7.3.10.1. Market Size and Forecast
7.4. Asia-Pacific Satellite Bus Market
7.4.1. Asia-Pacific Market Size & Forecast, By Country
7.4.2. Asia-Pacific Market Size & Forecast, By Type
7.4.3. Asia-Pacific Market Size & Forecast, By Technology
7.4.4. Asia-Pacific Market Size & Forecast, By Application
7.4.5. Japan
7.4.5.1. Market Size and Forecast
7.4.6. China
7.4.6.1. Market Size and Forecast
7.4.7. Australia
7.4.7.1. Market Size and Forecast
7.4.8. India
7.4.8.1. Market Size and Forecast
7.4.9. South Korea
7.4.9.1. Market Size and Forecast
7.4.10. Rest of Asia-Pacific
7.4.10.1. Market Size and Forecast
7.5. South America Satellite Bus Market
7.5.1. South America Market Size & Forecast, By Country
7.5.2. South America Market Size & Forecast, By Type
7.5.3. South America Market Size & Forecast, By Technology
7.5.4. South America Market Size & Forecast, By Application
7.5.5. Brazil
7.5.5.1. Market Size and Forecast
7.5.6. Argentina
7.5.6.1. Market Size and Forecast
7.5.7. Rest of South America
7.5.7.1. Market Size and Forecast
7.6. Middle East & Africa Satellite Bus Market
7.6.1. Middle East & Africa Market Size & Forecast, By Country
7.6.2. Middle East & Africa Market Size & Forecast, By Type
7.6.3. Middle East & Africa Market Size & Forecast, By Technology
7.6.4. Middle East & Africa Market Size & Forecast, By Application
7.6.5. GCC Countries
7.6.5.1. Market Size and Forecast
7.6.6. Egypt
7.6.6.1. Market Size and Forecast
7.6.7. South Africa
7.6.7.1. Market Size and Forecast
7.6.8. Rest of Middle East & Africa
7.6.8.1. Market Size and Forecast

8. Company Profile
8.1. Orbital ATK, Inc.
8.1.1. Company Basic Information, Manufacturing Base, Sales Area and Its Competitors
8.1.2. Orbital ATK, Inc. Product Category, Application, and Specification
8.1.3. Orbital ATK, Inc. Financial Performance (2016-2018)
8.1.4. Main Business/Business Overview
8.2. Lockheed Martin Corporation
8.3. Thales Alenia Space
8.4. Airbus Group
8.5. Israel Aerospace Industries Ltd
8.6. The Boeing Company
8.7. Honeywell
8.8. Mitsubishi Electric Corporation
8.9. MAXAR TECHNOLOGIES
8.10. Sierra Nevada Corporation