1. Market Research
  2. > Aerospace and Defense
  3. > Aerospace
  4. > Space
  5. > Satellite Market Trends
Satellite Bus Market - Growth, Trends, and Forecasts (2020 - 2025)

Satellite Bus Market - Growth, Trends, and Forecasts (2020 - 2025)

  • October 2020
  • 127 pages
  • ID: 5993768
  • Format: PDF
  • Mordor Intelligence LLP
Up to $750 off Until Apr 20th 2021

Summary

Table of Contents

Search Inside

The satellite bus market is anticipated to grow at a CAGR of 3.67% during the forecast period.

- The increasing demand for satellite applications for various purposes, such as communication, navigation, space exploration, and scientific purposes, earth observation, and experiments, is anticipated to generate demand for new satellites, which will subsequently generate demand for satellite buses during the forecast period.
- Miniaturization of electronic components enabled the creation of more lightweight and affordable satellite buses while providing the required advances in technological capabilities is anticipated to propel the growth of the market in the coming future.
- The COVID-19 pandemic forced several delays in planned programs, supply chain disruptions, workforce scarcities, and vaporization of revenue streams of several players in the market. This is now threatening the survival of start-ups in the market.

Key Market Trends
Small Satellite Segment will Grow with the Highest CAGR During the Forecast Period

During the period of 2012-2019, the number of small satellites deployed increased due to their advantage to have similar capabilities to the conventional satellites, at a relatively smaller cost of manufacturing. Revolutionary technological advancements have facilitated the miniaturization of electronics, which has pushed the invention of smart materials, in turn, reducing the satellite size and mass over time for manufacturers. Hence, numerous space startups are being started currently, creating a market for small satellites and mini rockets, owing to the increasing pace of deployment of small satellites in the earth and celestial observation, space research, and communication applications. For instance, companies like OneWeb, Amazon, Telesat, and SpaceX among others plan to launch more than 40,000 small satellites in the coming decade. Similarly, many new programs are in pipeline for the production and launch of small satellites for defense purposes. With growing investments into the launch of satellite constellations, the small satellite segment is anticipated to witness the highest growth during the forecast period.

Asia-Pacific Region is Expected to Generate the Highest Demand During the Forecast Period

Countries in the Asia-Pacific region like China, India, and Japan among others rapidly increasing the space investments, thereby generating demand for satellite buses with regional companies like China Academy of Space Technology (CAST), Indian Space Research Organization, and Mitsubishi Electric among others taking the majority share of the market in their respective countries. The increasing private and government investments in the space industry is one of the major growth factors for the market in the region. For instance, China has plans to launch 12 IoT satellites and two advanced marine satellites in 2021. Also, the country plans to complete its the launch of BeiDou constellation by 2020. Similarly, Japan Aerospace Exploration Agency (JAXA) is actively working with other companies and rapidly enhancing its footprint in the space industry. In 2018, the Japanese government announced that it plans to double the country’s space industry by more than USD 11 billion and provide a fund of USD 940 million to space start-ups in the form of investments and loans over the next five years. Similar initiatives of governments across the Asia-Pacific region are anticipated to drive the growth of the market.

Competitive Landscape
The satellite bus market is consolidated with Lockheed Martin Corporation, Airbus SE, Northrop Grumman Corporation, Thales Group, and Israel Aerospace Industries Ltd. The increasing demand from commercial and military end-users has led to the development of new satellite buses that bank on the availability of common components for satellite buses of different sizes to enable the market players to leverage its supply chain more effectively. For instance, in August 2020, Sierra Nevada Corporation unveiled two new satellite platforms designed to offer increased payload capacity for MEO and other orbits. The SN-200M variant specifically adapts SNC’s SN-200 bus for MEO. Additionally, the SN-1000 is a demonstration platform based on the SN-200M bus flying an Evolved Expendable Launch Vehicle (EELV) Secondary Payload Adapter (ESPA). Both satellites build on the US Air Force Demonstration and Science Experiment (DSX) program. Since traditional satellite manufacturers are not the sole investors of the market in focus, a radical change in the market dynamics is anticipated to emerge. Hence, to retain their competitive edge, some satellite ventures have plans to manufacture satellite buses, space systems, payloads, or subsystems and components in-house to maximize the cash flow and profits.

Reasons to Purchase this report:
- The market estimate (ME) sheet in Excel format
- 3 months of analyst support

Get Industry Insights. Simply.

  • Latest reports & slideshows with insights from top research analysts
  • 150+ Million searchable statistics with tables, figures & datasets
  • More than 25,000 trusted sources
10% Off

$4250

  • Single User License — provides access to the report by one individual.
  • Department License — allows you to share the report with up to 5 users
  • Site License — allows the report to be shared amongst all employees in a defined country
  • Corporate License — allows for complete access, globally.

ReportLinker may already be registered as a supplier with your company. If you want to Order by PO, check with us first and we'll let you know if we are a registered supplier and what the vendor number is. Otherwise, we'll provide you with the necessary information to register ReportLinker as a vendor.

Ahmad helps you find the right report:
Testimonials

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

We were impressed with the support that ReportLinker’s research specialists’ team provided. The report we purchased was useful and provided exactly what we want.

Category Manager at
Ikea

ReportLinker gave access to reliable and useful data while avoiding dispersing resources and spending too much time on unnecessary research.

Executive Director at
PwC Advisory

The customer service was fast, responsive, and 100% professional in all my dealings (...) If we have more research needs, I'll certainly prioritize working with ReportLinker!

Scott Griffith

Vice President Marketing at
Maurice Sporting Goods

The research specialist provided prompt, helpful instructions for accessing ReportLinker's product. He also followed up to make sure everything went smoothly and to ensure an easy transition to the next stage of my research

Jessica P Huffman

Research Associate at
American Transportation Research Institute

Excellent customer service. Very responsive and fast.

Director, Corporate Strategy at
Ingredion

I reached out to ReportLinker for a detailed market study on the Air Treatment industry. The quality of the report, the research specialist’s willingness to solve my queries exceeded my expectations. I would definitely recommend ReportLinker for in-depth industry information.

Mariana Mendoza

Global Platform Senior Manager at
Whirlpool Corporation

Thanks! I like what you've provided and will certainly come back if I need to do further research works.

Bee Hin Png

CEO at
LDR Pte Ltd

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

FAQ
  • How we can help
    • I am not sure if the report I am interested in will fulfill my needs. Can you help me?
    • Yes, of course. You can call us at +33(0) 4 37 65 17 03 or drop us an email at researchadvisor@reportlinker.com to let us know more about your requirements.
    • We buy reports often - can ReportLinker get me any benefits?
    • Yes. Set up a call with a Senior Research Advisor to learn more - researchadvisor@reportlinker.com or +33(0) 4 37 65 17 03.
    • I have had negative experiences with market research reports before. How can you avoid this from happening again?
    • We advise all clients to read the TOC and Summary and list your questions so that we can get more insight for you before you make any purchase decision. A research advisor will accompany you so that you can compare samples and reports from different sources, and choose the study that is right for you.

  • Report Delivery
    • How and when I will receive my Report?
    • Most reports are delivered right away in a pdf format, while others are accessed via a secure link and access codes. Do note that sometimes reports are sent within a 12 hour period, depending on the time zones. However, you can contact us to escalate this. Should you need a hard copy, you can check if this option is offered for the particular report, and pay the related fees.
  • Payment conditions
    • What payment methods do you accept?
      1. Credit card : VISA, American Express, Mastercard, or
      2. You can download an invoice to pay by wire transfer, check, or via a Purchase Order from your company, or
      3. You can pay via a Check made out in US Dollars, Euros, or British Pounds for the full amount made payable to ReportLinker
    • What are ReportLinker’s Payment Terms?
    • All payments must normally be submitted within 30 days. However, you can let us know if you need extended time.
    • Are Taxes and duties included?
    • All companies based in France must pay a 20% tax per report. The same applies to all individuals based in the EU. All EU companies must supply their VAT number when purchasing to avoid this charge.
    • I’m not satisfied. Can I be refunded?
    • No. Once your order has been processed and the publisher has received a notification to send you the report, we cannot issue any refund or cancel any order. As these are not ‘traditional’ products that can be returned, reports that are dispatched are considered to be ‘consumed’.
  • User license
    • The license that you should acquire depends on the number of persons that need to access the report. This can range from Single User (only one person will have the right to read or access the report), or Department License (up to 5 persons), to Site License (a group of persons based in the same company location), or Corporate License (the entire company personnel based worldwide). However, as publishers have different terms and conditions, we can look into this for you.
Purchase Reports From Reputable Market Research Publishers

Commercial Satellite Imaging Market Research Report by Technology, by End Use, by Application - Global Forecast to 2025 - Cumulative Impact of COVID-19

  • $ 4949
  • January 2021
  • 189 pages

Commercial Satellite Imaging Market Research Report by Technology (Optical and Radar), by End Use (Agriculture, Civil Engineering, Energy Sector, and Government), by Application - Global Forecast to 2025 ...

  • World
  • Satellite
  • Industry analysis

ref:plp2020

Reportlinker.com © Copyright 2021. All rights reserved.

ReportLinker simplifies how Analysts and Decision Makers get industry data for their business.

Make sure you don’t miss any news and follow us on