The Satellite Bus Market to experience an impressive growth of 5.5% during 2018-2023

Addressing the most sought-after questions that occupy the minds of entrepreneurs and decision makers, the new report of "Stratview Research" on the Satellite Bus Market, answers all the important questions.

Getting to the bare bones of the issues and factors which are sculpturing the market, Stratview Research brings out the best actionable market intelligence for the global Satellite Bus Market.
The analysts have scrupulously studied the trend and cautiously forecasted the future market developments for 2018-2023.

The important questions the report answers are:
1. What will be the market growth rate in the near future?
2. What are the major developments in the market wrt regulations, acquisitions and innovations?
3. What are the growth drivers as well as the constraints?
4. What are the regional growth hotspots?
5. What are the segmental growth forecasts?
These questions and many more, big and small, are all discussed in the report in great detail.

Get a free sample of the report:
https://www.stratviewresearch.com/Request-Sample/357/Satellite-Bus-Market.html

The strategic Market dissection
The dissection of the market is done to enlighten the aspects which are of interest to firms across the value chain.
Dissection by Segments
Subsystem Type Structures & Mechanisms, Thermal Control System, etc.
Satellite Size Type Small (1-500 kg), Medium (501-2,000 kg) & Large (>2,001 kg)
Application Type Earth Observation & Meteorology, Communication, etc.
by Region North America, Europe, Asia-Pacific, and RoW
Dissection by Segments
Subsystem Type Structures & Mechanisms, Thermal Control System, etc.

The Growth Prognosis & its Drivers
The global satellite bus market is projected to grow at a healthy CAGR 5.5% during the forecast period. Increasing deployment of small satellites, especially for earth observation-related applications; increasing space exploration missions, technological advancement in the systems, increasing space budget of the emerging economies, and increasing participation of private space companies are the major factors spurring the growth of the satellite bus market.

The Hegemony of Lockheed Martin Corporation
The key satellite bus manufacturers are Orbital ATK, Inc., Lockheed Martin Corporation, Thales Alenia Space, Airbus Group, China Academy of Space Technology, Israel Aerospace Industries Ltd, The Boeing Company, Honeywell International Inc., Mitsubishi Electric Corporation, Ball Corporation, Macdonald, Dettwiler and Associates Ltd., and Sierra Nevada Corporation. Advancement in the technology and formation of a long-term relationship with OEMs are some of the key strategies adopted by the major players to gain a competitive edge in the market.

Table Of Contents: https://www.stratviewresearch.com/toc/357/Satellite-Bus-Market.html

The undisputed Dominance of the North America
Based on the regions, North America dominates the satellite bus market, driven by the presence of major spacecraft OEMs and tier players. The USA is the growth engine of the region’s market as the country has the highest space budget in the world, which is almost six times the country with the second highest space budget. Also, NASA is the largest space agency in the world, which is largely involved in space-related activities located in the USA. Furthermore, major spacecraft OEMs, such as Orbital ATK, Lockheed Martin, and Honeywell International, have the presence in the USA.

Emerging Trends: Increasing Demand for small satellites
The market is segmented into small, medium, and large size satellite. Large size currently dominates the market and is expected to maintain its dominance over the next five years, driven by a host of factors including the presence of a large number of satellite buses and solar cells in order to allow a large number of functions including greater solar production and processing capacity. It also expected that small size segment is likely to witness the highest growth during the forecast period. The demand for small satellites is growing due to sharply reducing launch costs from commercial space companies as well as an increased demand for small satellites from earth observation to communications to networking applications. Furthermore, the low cost and short development time in the integration of small satellites are other factors substantiating the growth of the segment in the global satellite bus market.

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This release was published on openPR.