Global Satellite Bus Market Outlook 2021

A satellite bus or spacecraft bus is a general model on which multiple-production satellite spacecraft are often based. The bus is the infrastructure of the spacecraft, usually providing locations for the payload (typically space experiments or instruments).
North America led the satellite bus market in 2017. The US government is increasingly investing in the satellite bus industry to enhance the capabilities and efficiency of satellite bus and launch vehicles. However, the satellite bus market in the Asia Pacific region is expected to grow at the highest CAGR during the forecast period. The Asia Pacific is considered a lucrative market for domestic and regional satellite bus manufacturers, and thus, the increase in the development of satellites is expected to propel the growth of the satellite bus market in this region.

Market Analysis and Insights: Global Satellite Bus Market
The global Satellite Bus market size is projected to reach US$ 11490 million by 2026, from US$ 9412.6 million in 2020, at a CAGR of 3.4% during 2021-2026.
This report focuses on Satellite Bus volume and value at the global level, regional level and company level. From a global perspective, this report represents overall Satellite Bus market size by analysing historical data and future prospect. Regionally, this report focuses on several key regions: North America, Europe, Japan, China, Southeast Asia, India, etc.

Global Satellite Bus Market: Segment Analysis
The research report includes specific segments by region (country), by company, by Type and by Application. This study provides information about the sales and revenue during the historic and forecasted period of 2015 to 2026. Understanding the segments helps in identifying the importance of different factors that aid the market growth.

Segment by Type
Small Satellite (1-500kg)
Medium Satellite (501-2,500kg)
Large Satellite (Above 2,500kg)

Segment by Application
Earth Observation & Meteorology
Communication
Scientific Research & Exploration
Surveillance & Security
Mapping & Navigation
Navigation

Global Satellite Bus Market: Regional Analysis
The report offers in-depth assessment of the growth and other aspects of the Satellite Bus market in important regions, including the U.S., Canada, Germany, France, U.K., Italy, Russia, China, Japan, South Korea, Taiwan, Southeast Asia, Mexico, and Brazil, etc. Key regions covered in the report are North America, Europe, Asia-Pacific and Latin America.
The report has been curated after observing and studying various factors that determine regional growth such as economic, environmental, social, technological, and political status of the particular region. Analysts have studied the data of revenue, production, and manufacturers of each region. This section analyses region-wise revenue and volume for the forecast period of 2015 to 2026. These analyses will help the reader to understand the potential worth of investment in a particular region.

Global Satellite Bus Market:

Competitive Landscape

This section of the report identifies various key manufacturers of the market. It helps the reader understand the strategies and collaborations that players are focusing on combat competition in the market. The comprehensive report provides a significant microscopic look at the market. The reader can identify the footprints of the manufacturers by knowing about the global revenue of manufacturers, the global price of manufacturers, and production by manufacturers during the forecast period of 2015 to 2019.
The major players in the market include Northrop Grumman, Lockheed Martin, Thales Alenia Space, Airbus, China Academy of Space Technology, Israel Aerospace, Boeing, Honeywell, Mitsubishi, Ball, MDA, Sierra Nevada, etc.

Frequently Asked Questions