Satellite Bus Trends and Forecast
The future of the global satellite bus market looks promising with opportunities in the earth observation & meteorology, communication, scientific research & exploration, surveillance & security, mapping, and navigation markets. The global satellite bus market is expected to reach an estimated $33.9 billion by 2030 with a CAGR of 15.4% from 2024 to 2030. The major drivers for this market are increasing interest in space exploration, rising miniaturization of satellites, and expanding demand for satellite-based services across various sectors, such as telecommunications, earth observation, navigation, and meteorology.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Satellite Bus by Segment
The study includes a forecast for the global satellite bus by satellite size, application, and region.
Satellite Bus Market by Satellite Size [Shipment Analysis by Value from 2018 to 2030]:
• Small
• Medium
• Large
Satellite Bus Market by Application [Shipment Analysis by Value from 2018 to 2030]:
• Earth Observation & Meteorology
• Communication
• Scientific Research & Exploration
• Surveillance & Security
• Mapping
• Navigation
• Others
Satellite Bus Market by Region [Shipment Analysis by Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Satellite Bus Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies satellite bus companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the satellite bus companies profiled in this report include-
• Mitsubishi Electric
• Thales Group
• Sierra Nevada
• Northrop Grumman
• Lockheed Martin
• Israel Aerospace Industries
• BALL
• ISRO
• Airbus
• The Boeing Company
Satellite Bus Market Insights
Lucintel forecasts that small is expected to witness the highest growth over the forecast period.
Within this market, earth observation & meteorology is expected to witness the highest growth over the forecast period.
APAC is expected to witness highest growth over the forecast period.
Features of the Global Satellite Bus Market
Market Size Estimates: Satellite bus market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Satellite bus market size by satellite size, application, and region in terms of value ($B).
Regional Analysis: Satellite bus market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different satellite sizes, applications, and regions for the satellite bus market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the satellite bus market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the satellite bus market size?
Answer: The global satellite bus market is expected to reach an estimated $33.9 billion by 2030.
Q2. What is the growth forecast for satellite bus market?
Answer: The global satellite bus market is expected to grow with a CAGR of 15.4% from 2024 to 2030.
Q3. What are the major drivers influencing the growth of the satellite bus market?
Answer: The major drivers for this market are increasing interest in space exploration, rising miniaturization of satellites, and expanding demand for satellite-based services across various sectors, such as telecommunications, earth observation, navigation, and meteorology.
Q4. What are the major segments for satellite bus market?
Answer: The future of the satellite bus market looks promising with opportunities in the earth observation & meteorology, communication, scientific research & exploration, surveillance & security, mapping, and navigation markets.
Q5. Who are the key satellite bus market companies?
Answer: Some of the key satellite bus companies are as follows:
• Mitsubishi Electric
• Thales Group
• Sierra Nevada
• Northrop Grumman
• Lockheed Martin
• Israel Aerospace Industries
• BALL
• ISRO
• Airbus
• The Boeing Company
Q6. Which satellite bus market segment will be the largest in future?
Answer: Lucintel forecasts that small is expected to witness the highest growth over the forecast period.
Q7. In satellite bus market, which region is expected to be the largest in next 5 years?
Answer: APAC is expected to witness highest growth over the forecast period.
Q.8 Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the satellite bus market by satellite size (small, medium, and large), application (earth observation & meteorology, communication, scientific research & exploration, surveillance & security, mapping, navigation, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
For any questions related to Satellite Bus Market, Satellite Bus Market Size, Satellite Bus Market Growth, Satellite Bus Market Analysis, Satellite Bus Market Report, Satellite Bus Market Share, Satellite Bus Market Trends, Satellite Bus Market Forecast, Satellite Bus Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.