Satellite Bus Market Size 2022, Top Companies Analysis, Share, Trends, Business Model and Forecast by 2027

The latest research study "Satellite Bus Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027" by IMARC Group, finds that the global satellite bus market size reached US$ 12.93 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 18.62 Billion by 2027, exhibiting a CAGR of 6.15% during 2022-2027.

COVID-19 Impact on Market: (Positive Impact)

As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviors of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.

Download free sample brochure: https://www.imarcgroup.com/satellite-bus-market/requestsample

Industry Definition and Application:

A satellite bus, also called a spacecraft bus, represents the structural body and preliminary system comprising of temperature control, power systems, and directional thrusters. It also contains a life support subsystem for human-crewed missions. A satellite bus includes various components, such as propulsion, thrusters and mechanisms, electric power, attitude control, flight software, etc. It provides control and support services to the mission payload. As a result, satellite buses find widespread applications in navigation, communication, climate and environment monitoring, earth observation and meteorology, mapping, surveillance and security, etc.

Global Satellite Bus Market Trends and Drivers:

The launch of several policies by the government bodies across the globe to invest in space programs is among the primary factors driving the satellite bus market. Besides this, the escalating product demand for detecting underground water and mineral sources, monitoring the transfer of nutrients and contaminants from land into waterways, measuring land and water temperatures, and the development of algae in seas is further augmenting the market growth.

Moreover, the elevating need for satellite buses by meteorologists to monitor the weather and follow the effects of phenomena, including volcanic eruptions, is also catalyzing the global market. Apart from this, the rising utilization of flexible launch sites and the increasing improvements in reusable rockets are acting as significant growth-inducing factors. Furthermore, the introduction of intelligent power techniques, reconfigurable payloads, and onboard propulsion technologies is anticipated to propel the satellite bus market over the forecasted period.

Click here to view detailed information with table of content: https://www.imarcgroup.com/satellite-bus-market

Global Satellite Bus Market 2022-2027 Analysis and Segmentation:

Competitive Landscape:

The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.

Some of these top key players include:

Airbus SE, Ball Corporation, Centum Electronics Limited, Honeywell International Inc., Israel Aerospace Industries, Lockheed Martin Corporation, Maxar Technologies Inc., NanoAvionics Corp. (AST SpaceMobile Inc), NEC Corporation (AT&T Corporation), Northrop Grumman Corporation, Sierra Nevada Corporation, Thales Group and The Boeing Company.

The report has segmented the market on the basis of region, subsystem, satellite size and application.

Breakup by Subsystem:
• Structures and Mechanisms
• Thermal Control
• Electric Power System
• Attitude Control System
• Propulsion
• Telemetry Tracking Command
• Flight Software

Breakup by Satellite Size:
• Small
• Medium
• Large

Breakup by Application:
• Earth Observation and Meteorology
• Communication
• Scientific Research and Exploration
• Surveillance and Security
• Mapping
• Navigation

Breakup by Region:
• North America: (United States, Canada)
• Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
• Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
• Latin America: (Brazil, Mexico, Others)
• Middle East and Africa

If you want latest primary and secondary data (2022-2027) with Cost Module, Business Strategy, Distribution Channel, etc. Click request free sample report, published report will be delivered to you in PDF format via email within 24 to 48 hours of receiving full payment.

Key highlights of the report:
• Market Performance (2016-2021)
• Market Outlook (2022- 2027)
• Porter's Five Forces Analysis
• Market Drivers and Success Factors
• SWOT Analysis
• Value Chain
• Comprehensive Mapping of the Competitive Landscape

If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

Explore Latest Market Research Reports by IMARC Group:

https://www.openpr.com/news/2747501/automotive-switch-market-report-2022-top-companies-analysis

https://www.openpr.com/news/2747511/with-6-10-cagr-off-highway-vehicle-engine-market-to-hit-usd

https://www.openpr.com/news/2747521/cultured-meat-market-expected-to-reach-us-372-04-mn-globally

https://www.openpr.com/news/2747537/polybutadiene-market-expected-to-reach-us-6-37-bn-globally

About Us:

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.

Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.

Contact Us:

IMARC Services Private Limited.
30 N Gould St Ste R
Sheridan, WY 82801 USA - Wyoming
Email: Sales@imarcgroup.com
Tel No:(D) +91 120 433 0800
Americas:- +1 631 791 1145 | Africa and Europe :- +44-702-409-7331 | Asia: +91-120-433-0800, +91-120-433-0800

This release was published on openPR.