Satellite Bus Market by Subsystem (Structures & Mechanisms, Thermal Control, Electric Power System, Attitude Control System, Propulsion, Telemetry Tracking Command (TT&C)Flight Software), Application (Earth Observation & Meteorology, Communication, Scient

Satellite Bus Market 2020-2027: The structural body and primary system of a space vehicle is referred as a satellite bus. The satellite bus holds all the scientific equipment and other essential components of the satellite. The satellite bus is used a transport mechanism for a satellite payload. Although each satellite is different from each other in the term of size and shape, all satellite buses are similar in makeup. The satellite bus consists of several subsystems, each with a unique purpose. The structural subsystem consists of the primary structure of the spacecraft, and supports all the spacecraft hardware, including the payload instruments. Orbit control subsystems (station keeping) helps in sustaining a satellite in its proper orbit location. Satellite thermal control systems are developed to control the large thermal gradients generated in the satellite.

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COVID-19 Scenario analysis:

• Slowing sign in economies of several countries has been observed due to COVID-19 effect, which may limit governments investment in their space organizations. Such reduction in investment will directly affect growth in rocket propulsion market.
• Due to COVID-19 situation, the production of new satellites across the globe, has been hampered due to complete lockdowns of industries and government restrictions on travelling, which has also hampered the demand of satellite bus.
• The research & development in satellite bus has been adversely affected due to declared lockdowns and travel restrictions due to COIVD-19.
• Business development possibility of satellite bus companies has been adversely affected due to overall shortage in demand of services of satellites due to COVID-19 pandemic.
• Demand in satellite bus market may rise in future as worldwide governments has started to loosen up the restrictions, and launching of new satellite are expected in near future.
• Backlogs of several space projects have been created due to COVID-19. Such projects are expected to get into shape post COVID-19 situation, which will contribute to considerable rise in demand of satellite bus market.

Top impacting factors: market scenario analysis, trends, drivers and impact analysis

Increase in number of satellite launches, migration of satellites to geostationary orbits, and increase in number of space exploration missions are some of the major factors which drive the growth of the global satellite bus market. However, complexity issues related to bus subsystems is restraining the growth of the satellite bus market. Contrarily, technological advancements in the bus components are expected to further contribute in the growth of global satellite bus market in the future.

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Increase in number of satellite launches

Satellites are being used extensively for several purposes such as establishing of communication network, surveillance, military applications & navigation, TV broadcasting (D2H), and others. Moreover, satellites are being used to tackle 21st century challenges such as climate change, resource management, and disaster mitigation. Due to such wide application of satellites, countries across the globe has been frequently launching satellites. Thus, demand of satellite bus has been also increasing with the rise in number of satellite launches, and thereby driving the growth of the global satellite bus market.

Key benefits of the report:

• This study presents the analytical depiction of the satellite bus industry along with the current trends and future estimations to determine the imminent investment pockets.
• The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of global satellite bus market share.
• The current market is quantitatively analyzed from 2020 to 2027 to highlight the global satellite bus market growth scenario.
• Porter’s five forces analysis illustrates the potency of the buyers & suppliers in the market.
• The report provides a detailed global satellite bus market analysis based on competitive intensity and how the competition will take shape in coming years.

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Questions answered in the satellite bus market research report:

• Which are the leading market players active in the global satellite bus market?
• What are the current trends that will influence the market in the next few years?
• What are the driving factors, restraints, and opportunities in the market?
• What are the projections for the future that would help in taking further strategic steps?

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