PUBLISHER: Grand View Research | PRODUCT CODE: 1553982
PUBLISHER: Grand View Research | PRODUCT CODE: 1553982
Satellite Bus Market Size, Share & Trends Analysis Report By Size (Large, Medium, Small, Nano), By Subsystem (Electrical Power System, Attitude Control System), By Application, By Region, And Segment Forecasts, 2024 - 2030
Satellite Bus Market Size & Trends:
The global satellite bus market size was estimated at USD 13.44 billion in 2023 and is projected to grow at a CAGR of 7.24% from 2024 to 2030. The increasing demand for satellite-based services across communication, earth observation, navigation, and scientific research is driving the demand for efficient satellite buses. Furthermore, the demand for reliable and efficient satellite buses has surged with increasing investments by governments and private entities in space exploration and satellite technology. This demand is further fueled by advancements in technology, which is expected to further fuel market growth in the coming years.
Smaller satellites, such as nanosatellites and microsatellites, are becoming increasingly popular due to their lower launch costs and versatility in applications. This push towards smaller satellites has led to innovations in satellite bus design, allowing for reduced weight and size without compromising functionality.This trend reduces launch costs and allows for the quick deployment of satellite constellations, enabling global coverage for various applications. As a result, manufacturers are increasingly focusing on developing compact satellite buses that can accommodate diverse payloads while maintaining operational efficiency. This trend of miniaturization of satellite technology is expected to further fuel the market expansion in the coming years.
The growing trend of satellite constellations, which enhance communication and data collection capabilities, is boosting demand for satellite buses that can support complex systems. Satellite constellations, particularly those in low Earth orbit (LEO), consist of numerous small satellites working to provide global coverage and high-speed connectivity. This architecture allows for improved bandwidth and reduced latency, making it ideal for applications such as broadband internet, remote sensing, global navigation, and other missions.Satellite buses must accommodate the specific payloads and functionalities required for each satellite's mission, thus driving innovation and investment in satellite bus technology to meet the evolving demands of the market.
The increasing utilization of electric propulsion systems is transforming the dynamics of the global market. Electric propulsion offers enhanced maneuverability, fuel efficiency, and longer mission lifetimes compared to traditional chemical propulsion systems. This shift towards electric propulsion aligns with growing environmental concerns and regulatory pressures to reduce space debris and improve sustainability in space operations. Consequently, satellite bus manufacturers are investing in research and development to integrate electric propulsion technologies into their offerings.
Moreover, there is a rising emphasis on on-orbit servicing capabilities, which allows satellites to be refueled or repaired while in space. This trend necessitates versatile satellite bus designs that can support such operations, thereby extending the lifespan of satellites and maximizing return on investment for operators. The ability to perform maintenance tasks in orbit represents a significant advancement in satellite technology and opens new avenues for service providers looking to enhance their operational capabilities.
Global Satellite Bus Market Report Segmentation
This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2018 to 2030. For this study, Grand View Research has segmented the global satellite bus market report based on size, subsystem, application, and region:
- Size Outlook (Revenue, USD Billion, 2018 - 2030)
- Large
- Medium
- Small
- Nano
- Subsystem Outlook (Revenue, USD Billion, 2018 - 2030)
- Electrical Power System
- Attitude Control System
- Structure and Mechanical System
- Communication and Data Handling Subsystem
- Propulsion System
- Thermal Control
- Application Outlook (Revenue, USD Billion, 2018 - 2030)
- Communication
- Earth Observation and Meteorology
- Navigation
- Research and Exploration
- Security & Surveillance
- Others
- Regional Outlook (Revenue, USD Billion, 2018 - 2030)
- North America
- U.S.
- Canada
- Mexico
- Europe
- UK
- Germany
- France
- Asia Pacific
- China
- Australia
- Japan
- India
- South Korea
- Latin America
- Brazil
- Middle East & Africa
- South Africa
- Saudi Arabia
- UAE
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Market Segmentation & Scope
- 1.2. Market Definitions
- 1.3. Information Procurement
- 1.3.1. Information analysis
- 1.3.2. Market formulation & data visualization
- 1.3.3. Data validation & publishing
- 1.4. Research Scope and Assumptions
- 1.4.1. List of Data Sources
Chapter 2. Executive Summary
- 2.1. Satellite Bus Market Snapshot
- 2.2. Satellite Bus Market - Segment Snapshot
- 2.3. Satellite Bus Market - Competitive Snapshot
Chapter 3. Satellite Bus Type Market - Industry Outlook
- 3.1. Market Lineage Outlook
- 3.2. Industry Value Chain Analysis
- 3.3. Market Dynamics
- 3.3.1. Market Driver Analysis
- 3.3.2. Market Restraint Analysis
- 3.3.3. Industry Challenges
- 3.3.4. Industry Opportunities
- 3.4. Industry Analysis Tools
- 3.4.1. Porter's analysis
- 3.4.2. Macroeconomic analysis
- 3.5. Satellite Bus Market: Technology Trends
Chapter 4. Satellite Bus Market: Size Estimates & Trend Analysis
- 4.1. Size Movement Analysis & Market Share, 2023 & 2030
- 4.2. Satellite Bus Market Estimates & Forecast, By Size (USD Billion)
- 4.2.1. Large
- 4.2.2. Medium
- 4.2.3. Small
- 4.2.4. Nano
Chapter 5. Satellite Bus Market: Subsystem Estimates & Trend Analysis
- 5.1. Subsystem Movement Analysis & Market Share, 2023 & 2030
- 5.2. Satellite Bus Market Estimates & Forecast, By Subsystem (USD Billion)
- 5.2.1. Electrical Power System
- 5.2.2. Attitude Control System
- 5.2.3. Structure and Mechanical System
- 5.2.4. Communication and Data Handling Subsystem
- 5.2.5. Propulsion System
- 5.2.6. Thermal Control
Chapter 6. Satellite Bus Market: Application Estimates & Trend Analysis
- 6.1. Application Movement Analysis & Market Share, 2023 & 2030
- 6.2. Satellite Bus Market Estimates & Forecast, By Application (USD Billion)
- 6.2.1. Communication
- 6.2.2. Earth Observation and Meteorology
- 6.2.3. Navigation
- 6.2.4. Research and Exploration
- 6.2.5. Security & Surveillance
- 6.2.6. Others
Chapter 7. Regional Estimates & Trend Analysis
- 7.1. Satellite Bus Market by Region, 2023 & 2030
- 7.2. North America
- 7.2.1. North America Satellite Bus Market Estimates & Forecasts, 2018 - 2030 (USD Billion)
- 7.2.2. U.S.
- 7.2.3. Canada
- 7.2.4. Mexico
- 7.3. Europe
- 7.3.1. Europe Satellite Bus Market Estimates & Forecasts, 2018 - 2030 (USD Billion)
- 7.3.2. UK
- 7.3.3. Germany
- 7.3.4. France
- 7.4. Asia Pacific
- 7.4.1. Asia Pacific Satellite Bus Market Estimates & Forecasts, 2018 - 2030 (USD Billion)
- 7.4.2. China
- 7.4.3. Japan
- 7.4.4. India
- 7.4.5. South Korea
- 7.4.6. Australia
- 7.5. Latin America
- 7.5.1. Latin America Satellite Bus Market Estimates & Forecasts, 2018 - 2030 (USD Billion)
- 7.5.2. Brazil
- 7.6. Middle East & Africa (MEA)
- 7.6.1. MEA Satellite Bus Market Estimates & Forecasts, 2018 - 2030 (USD Billion)
- 7.6.2. UAE
- 7.6.3. Saudi Arabia
- 7.6.4. South Africa
Chapter 8. Satellite Bus Market - Competitive Landscape
- 8.1. Recent Developments & Impact Analysis, By Key Market Participants
- 8.2. Company Categorization
- 8.3. Participant's Overview
- 8.4. Financial Performance
- 8.5. Product Benchmarking
- 8.6. Company Market Positioning Analysis
- 8.7. Company Heat Map Analysis
- 8.8. Strategy Mapping
- 8.8.1. Expansion/Divestiture
- 8.8.2. Collaborations/Partnerships
- 8.8.3. New Product Launches
- 8.8.4. Contract
- 8.9. Company Profiles
- 8.9.1. Airbus
- 8.9.1.1. Participant's Overview
- 8.9.1.2. Financial Performance
- 8.9.1.3. Product Benchmarking
- 8.9.1.4. Recent Developments
- 8.9.2. Honeywell International, Inc.
- 8.9.2.1. Participant's Overview
- 8.9.2.2. Financial Performance
- 8.9.2.3. Product Benchmarking
- 8.9.2.4. Recent Developments
- 8.9.3. Lockheed Martin Corporation
- 8.9.3.1. Participant's Overview
- 8.9.3.2. Financial Performance
- 8.9.3.3. Product Benchmarking
- 8.9.3.4. Recent Developments
- 8.9.4. Northrop Grumman Corporation
- 8.9.4.1. Participant's Overview
- 8.9.4.2. Financial Performance
- 8.9.4.3. Product Benchmarking
- 8.9.4.4. Recent Developments
- 8.9.5. Thales Group
- 8.9.5.1. Participant's Overview
- 8.9.5.2. Financial Performance
- 8.9.5.3. Product Benchmarking
- 8.9.5.4. Recent Developments
- 8.9.6. Ball Corporation
- 8.9.6.1. Participant's Overview
- 8.9.6.2. Financial Performance
- 8.9.6.3. Product Benchmarking
- 8.9.6.4. Recent Developments
- 8.9.7. Israel Aerospace Industries Ltd. (IAI)
- 8.9.7.1. Participant's Overview
- 8.9.7.2. Financial Performance
- 8.9.7.3. Product Benchmarking
- 8.9.7.4. Recent Developments
- 8.9.8. ISRO
- 8.9.8.1. Participant's Overview
- 8.9.8.2. Financial Performance
- 8.9.8.3. Product Benchmarking
- 8.9.8.4. Recent Developments
- 8.9.9. Sierra Space Corporation
- 8.9.9.1. Participant's Overview
- 8.9.9.2. Financial Performance
- 8.9.9.3. Product Benchmarking
- 8.9.9.4. Recent Developments
- 8.9.10. The Boeing Company
- 8.9.10.1. Participant's Overview
- 8.9.10.2. Financial Performance
- 8.9.10.3. Product Benchmarking
- 8.9.10.4. Recent Developments
- 8.9.1. Airbus
List of Tables
- Table 1. Satellite Bus Market - Key Market Driver Impact
- Table 2. Global Satellite Bus Market - Key Market Restraint Impact
- Table 3. Global Satellite Bus Market - Key Market Opportunities
- Table 4. Global Satellite Bus Market - Key Market Challenges
- Table 5. Satellite Bus Market Revenue Estimates and Forecast, By Size, 2018 - 2030 (USD Billion)
- Table 6. Satellite Bus Market Revenue Estimates and Forecast, By Subsystem, 2018 - 2030 (USD Billion)
- Table 7. Satellite Bus Market Revenue Estimates and Forecast, By Application, 2018 - 2030 (USD Billion)
- Table 8. Recent Developments & Impact Analysis, By Key Market Participants
- Table 9. Company Heat Map Analysis
- Table 10. Key Companies Launching New Products
- Table 11. Key Companies Pursuing Expansions
- Table 12. Key Companies Pursuing Mergers & Acquisitions
- Table 13. Key Companies Collaborations
List of Figures
- Fig. 1 Market Segmentation And Scope
- Fig. 2 Information Procurement
- Fig. 3 Data Analysis Models
- Fig. 4 Market Formulation And Validation
- Fig. 5 Data Validating & Publishing
- Fig. 6 Market Snapshot
- Fig. 7 Segment Snapshot (1/2)
- Fig. 8 Segment Snapshot (2/2)
- Fig. 9 Competitive Axial Turbochargerscape Snapshot
- Fig. 10 Satellite Bus Market , 2018 - 2030 (USD Billion)
- Fig. 11 Satellite Bus Market - Value Chain Analysis
- Fig. 12 Satellite Bus Market - Market Dynamics
- Fig. 13 Satellite Bus Market - Porter's Five Forces Analysis
- Fig. 14 Satellite Bus Market - PESTEL Analysis
- Fig. 15 Satellite Bus Market, By Size: Key Takeaways
- Fig. 16 Satellite Bus Market, By Size: Market Share, 2023 & 2030
- Fig. 17 Large Satellite Bus Market Estimates & Forecasts, 2018 - 2030 (USD Billion)
- Fig. 18 Medium Satellite Bus Market Estimates & Forecasts, 2018 - 2030 (USD Billion)
- Fig. 19 Small Satellite Bus Market Estimates & Forecasts, 2018 - 2030 (USD Billion)
- Fig. 20 Nano Satellite Bus Market Estimates & Forecasts, 2018 - 2030 (USD Billion)
- Fig. 21 Satellite Bus Market, By Subsystem: Key Takeaways
- Fig. 22 Satellite Bus Market, By Subsystem: Market Share, 2023 & 2030
- Fig. 23 Electrical Power System Satellite Bus Market Estimates & Forecasts, 2018 - 2030 (USD Billion)
- Fig. 24 Attitude Control System Satellite Bus Market Estimates & Forecasts, 2018 - 2030 (USD Billion)
- Fig. 25 Structure and Mechanical System Satellite Bus Market Estimates & Forecasts, 2018 - 2030 (USD Billion)
- Fig. 26 Communication and Data Handling Subsystem Satellite Bus Market Estimates & Forecasts, 2018 - 2030 (USD Billion)
- Fig. 27 Propulsion System Satellite Bus Market Estimates & Forecasts, 2018 - 2030 (USD Billion)
- Fig. 28 Thermal Control Satellite Bus Market Estimates & Forecasts, 2018 - 2030 (USD Billion)
- Fig. 29 Satellite Bus Market, By Application: Key Takeaways
- Fig. 30 Satellite Bus Market, By Application: Market Share, 2023 & 2030
- Fig. 31 Communication Satellite Bus Market Estimates & Forecasts, 2018 - 2030 (USD Billion)
- Fig. 32 Earth Observation and Meteorology Satellite Bus Market Estimates & Forecasts, 2018 - 2030 (USD Billion)
- Fig. 33 Navigation Satellite Bus Market Estimates & Forecasts, 2018 - 2030 (USD Billion)
- Fig. 34 Research and Exploration Satellite Bus Market Estimates & Forecasts, 2018 - 2030 (USD Billion)
- Fig. 35 Security & Surveillance Satellite Bus Market Estimates & Forecasts, 2018 - 2030 (USD Billion)
- Fig. 36 Others Satellite Bus Market Estimates & Forecasts, 2018 - 2030 (USD Billion)
- Fig. 37 Satellite Bus Market Revenue By Region, 2023 & 2030 (USD Billion)
- Fig. 38 Regional Marketplace: Key Takeaways
- Fig. 39 North America Satellite Bus Market Estimates & Forecast, 2018 - 2030 (USD Billion)
- Fig. 40 U.S. Satellite Bus Market Estimates & Forecast, 2018 - 2030 (USD Billion)
- Fig. 41 Canada Satellite Bus Market Estimates & Forecast, 2018 - 2030 (USD Billion)
- Fig. 42 Mexico Satellite Bus Market Estimates & Forecast, 2018 - 2030 (USD Billion)
- Fig. 43 Europe Satellite Bus Market Estimates & Forecast, 2018 - 2030 (USD Billion)
- Fig. 44 Germany Satellite Bus Market Estimates & Forecast, 2018 - 2030 (USD Billion)
- Fig. 45 UK Satellite Bus Market Estimates & Forecast, 2018 - 2030 (USD Billion)
- Fig. 46 France Satellite Bus Market Estimates & Forecast, 2018 - 2030 (USD Billion)
- Fig. 47 Asia Pacific Satellite Bus Market Estimates & Forecast, 2018 - 2030 (USD Billion)
- Fig. 48 China Satellite Bus Market Estimates & Forecast, 2018 - 2030 (USD Billion)
- Fig. 49 India Satellite Bus Market Estimates & Forecast, 2018 - 2030 (USD Billion)
- Fig. 50 Japan Satellite Bus Market Estimates & Forecast, 2018 - 2030 (USD Billion)
- Fig. 51 Australia Satellite Bus Market Estimates & Forecast, 2018 - 2030 (USD Billion)
- Fig. 52 South Korea Satellite Bus Market Estimates & Forecast, 2018 - 2030 (USD Billion)
- Fig. 53 Latin America Satellite Bus Market Estimates & Forecast, 2018 - 2030 (USD Billion)
- Fig. 54 Brazil Satellite Bus Market Estimates & Forecast, 2018 - 2030 (USD Billion)
- Fig. 55 MEA Satellite Bus Market Estimates & Forecast, 2018 - 2030 (USD Billion)
- Fig. 56 Saudi Arabia Satellite Bus Market Estimates & Forecast, 2018 - 2030 (USD Billion)
- Fig. 57 South Africa Satellite Bus Market Estimates & Forecast, 2018 - 2030 (USD Billion)
- Fig. 58 UAE Satellite Bus Market Estimates & Forecast, 2018 - 2030 (USD Billion)
- Fig. 59 Key Company Categorization
- Fig. 60 Strategic Framework
