Satellite Bus Market Global Investor, Latest Trends, Industry Growth, Size, Segmentation, Future Demands, by Regional Forecast to 2030

The global satellite bus market size was US$ 1,053.6 million in 2021. The global small launch vehicle market size is forecast to reach US$ 3,139.9 million by 2030, growing at a compound annual growth rate (CAGR) of 12.9% during the forecast period from 2022 to 2030.

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A satellite bus is a structural body and main system of a spacecraft that transports all of the vital parts utilized in a satellite. A broader paradigm on which multiple-production satellite spacecraft are based is the satellite bus. In addition, the necessary components of a satellite are loaded on the satellite bus and used as a transport mechanism for the satellite payload. Despite the fact that each spacecraft varies in size & shape based on the size of the satellite, all satellite buses share a similar structure. It also has multiple subsystems, each of which has a specific function, and its structural design imposes additional demands on it, including those for communication channels, onboard data processing, battery capacity, and data memory.

Factors Influencing Market Growth
The growing investments by governments & space agencies, the rise in the number of satellite launches, and new product launches in the satellite manufacturing market & launch systems drive the global market.

The scarcity of clarity in government policies and strict government regulations for the implementation & use of satellites may slow down the overall market growth.

The rise in the incorporation of new technologies and the improvements in satellite mission technologies is forecast to offer lucrative opportunities for the global market.

Impact Analysis of COVID-19
The COVID-19 pandemic had a negative impact on the global market. Several governments worldwide imposed a lockdown in order to prevent the virus from spreading. The COVID-19 pandemic had caused many delays in planned programs, interruptions in the supply chain, a labor shortage, and the disappearance of revenue streams for a number of market participants. However, the satellite construction and launch preparations resumed after the lockdowns and limitations were lifted in 2021.

Regional Analysis
The Asia Pacific region garnered a substantial market share in 2021 and is forecast to remain dominant during the forecast period. As a result of the growing space investments, increasing number of start-ups involved in space activities, and rising private and government investments in the space industry.

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North America is forecast to have considerable growth during the forecast period. As a result of the existence of leading manufacturers and rising interest in space technology. In addition, the growing number of activities related to satellite launches and an increase in investment by the government for aeronautics and space research.

Leading Competitors

The leading prominent companies profiled in the global satellite bus market are:
Honeywell International Inc
Lockheed Martin Corporation
Airbus S.A.S.
Boeing
Thales Group
Mitsubishi Electric Corporation
BALL CORPORATION
Sierra Nevada Corporation
Northrop Grumman Corporation

Scope of the Report

The global satellite bus market segmentation focuses on Satellite Size, Subsystem, Application, and Region.

Segmentation based on Satellite Size
Small
Medium
Large

Segmentation based on Subsystem
Structures & mechanisms
Thermal control
Electric power system
Attitude control system
Propulsion
Telemetry tracking command
Flight software

Segmentation based on Application
Earth observation & meteorology
Communication
Scientific research & exploration
Surveillance & security
Mapping
Navigation

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Segmentation based on Region
North America
The U.S.
Canada
Mexico
Europe
Western Europe
The UK
Germany
France
Italy
Spain
Rest of Western Europe
Eastern Europe
Poland
Russia
Rest of Eastern Europe
Asia Pacific
China
India
Japan
Australia & New Zealand
ASEAN
Rest of Asia Pacific
Middle East & Africa (MEA)
UAE
Saudi Arabia
South Africa
Rest of MEA
South America
Brazil
Argentina
Rest of South America

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Meta Description: Global Satellite Bus Market is projected to reach US$ 3,139.9 million by the end of 2030 from US$ 1,053.6 million in 2021, at a CAGR of 12.9%
Meta Keywords: satellite bus market Size, satellite bus market share, satellite bus market trend, satellite bus market Forecast, satellite bus market insight

Key questions answered in the global market report are:

-- How does a global company acquire markets?
-- What are its core strategies and policies?
-- What factors will influence the market over the forecast period?
-- What are the factors driving and restraining the market?
-- What are the leading competitors in the global market?
-- Which region is growing at a higher pace in the global market?

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