Satellite Payloads Market by Type (Communication, Imagery, Software-defined Payload, Navigation), Satellite (CubeSat, Small Satellite, Medium Satellite, Large Satellite), Orbit, Application, End User, and Region (North America, Europe, Asia-Pacific, Middle East and Africa and South America)
The Satellite Payloads Market size is projected to reach a CAGR of 25.9% from 2021 to 2028.
Satellite payload is defined as modules carried on satellites with the ability to perform certain functionalities. Satellite consists of the payload and the bus. Satellite bus is used to carry subsystems and payloads, whereas payload is developed to perform specific functions such as communications, imaging, and navigation while in orbit.
Ongoing advancements in space technology and satellite payloads, an increasing number of satellite launches, and growing investments in industrial automation are some of the factors that have supported long-term expansion for Satellite Payloads Market.
The COVID-19 impact on the space industry has led to delay in launches; manufacturing activities have been halted, while some companies filed for bankruptcy. It is estimated that ongoing contracts for satellite launches and satellite subsystem delivery would continue at a revised schedule, with rapid recovery in launches expected from 2022 onward.
North America is projected to lead the satellite payloads market from 2021 to 2028. The growth of the satellite payloads market in North America can be attributed to the increased demand for satellite payloads deployments, along with advancements in digital payloads carried out by NASA, the US Department of Defense, and private players, such as SpaceX (US), Sierra Nevada Corporation (US), and Lucix Corporation (US).
Insights are provided for each region and major countries within the regions
Report Feature |
Descriptions |
---|---|
Growth Rate |
CAGR of 25.9% during the forecasting period, 2021-2028 |
Historical Data |
2018-2019 |
Forecast Years |
2021-2028 |
Base Year |
2020 |
Units Considered |
Revenue in USD billion and CAGR from 2021 to 2028 |
Report Segmentation |
type, satellite, application, end user, orbit, frequency and region. |
Report Attribute |
Market Revenue Sizing (Global, Regional and Country Level) Company Share Analysis, Market Dynamics, Company Profiling |
Regional Level Scope |
North America, Europe, Asia-Pacific, South America, and Middle East and Africa |
Country Level Scope |
U.S., Japan, Germany, U.K., China, India, Brazil, UAE, South Africa (50+ Countries Across the Globe) |
Companies Profiled |
Airbus SE, The Boeing Company, Honeywell International Inc., Intelsat S.A., Lockheed Martin Corporation, Mitsubishi Electric Corporation, Northrop Grumman Corporation, Raytheon Technologies Corporation, Thales Group and Viasat, Inc. |
Available Customization |
In addition to the market data for Satellite Payloads Market, Delvens offers client-centric report and customized according to the company’s specific demand and requirement. |
Satellite Payloads Market is segmented into type, satellite, application, end user, orbit, frequency and region.