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USD 20.84+ Billion Satellite Bus Market Value Cross by 2030 | Top Players such as - Airbus S.A.S, Ball Corporation
๐๐จ๐ฐ๐ง๐ฅ๐จ๐๐ ๐๐๐ฉ๐จ๐ซ๐ญ (276+ ๐๐๐ ๐๐ฌ ๐๐๐ ๐ฐ๐ข๐ญ๐ก ๐๐ง๐ฌ๐ข๐ ๐ก๐ญ๐ฌ, ๐๐ก๐๐ซ๐ญ๐ฌ, ๐๐๐๐ฅ๐๐ฌ, ๐ ๐ข๐ ๐ฎ๐ซ๐๐ฌ) ๐๐ญ https://www.alliedmarketresearch.com/request-sample/8129
Prime determinants of growth
Surge in number of satellite launches and increase in investment by governments & space agencies drive the growth of the global satellite bus market. However, lack of clarity in government policies and stringent government regulations for implementation & use of satellite hinder the market growth. On the other hand, rise in incorporation of new technologies and advancements in satellite mission technologies present new opportunities in the coming years.
The communication segment to maintain its leadership status throughout the forecast period
Based on application, the communication segment held the highest market share in 2020, accounting for more than one-fourth of the global satellite bus market, and is estimated to maintain its leadership status throughout the forecast period. Satellite communication plays a vital role in the global communications systems which drives the growth of the satellite bus market. In addition, communication satellites are used for wireless, radio, internet, television, mobile communication applications and military applications which also proves to be a factor supplementing the growth of the segment in the global market. Moreover, the earth observation & meteorology segment is projected to manifest the highest CAGR of 6.9% from 2021 to 2030, owing to its contribution towards understanding of climate change and the global environment.
๐๐ง๐ญ๐๐ซ๐๐ฌ๐ญ๐๐ ๐ญ๐จ ๐๐ซ๐จ๐๐ฎ๐ซ๐ ๐ญ๐ก๐ ๐๐๐ญ๐? ๐๐ง๐ช๐ฎ๐ข๐ซ๐ ๐ก๐๐ซ๐ ๐๐ญ https://www.alliedmarketresearch.com/purchase-enquiry/8129
North America to maintain its dominance by 2030
Based on region, North America held the highest market share in terms of revenue 2020, accounting for more than two-fifths of the global satellite bus market. This is attributed to numerous developments carried out by the key companies operating in the satellite & associated components industry. Moreover, the Asia-Pacific region is expected to witness the fastest CAGR of 6.7% during the forecast period, owing to the increased application of satellites in numerous industries such as surveillance, mapping, navigation & others.
Leading Market Players
Airbus S.A.S
Ball Corporation
Israel Aerospace Industries Ltd. (IAI)
ISRO
Lockheed Martin Corporation
Mitsubishi Electric Corporation
Northrop Grumman Corporation
Sierra Nevada Corporation
Thales Group
The Boeing Corporation
๐๐๐๐ ๐๐จ๐ซ๐- https://www.prnewswire.com/news-releases/satellite-bus-market-to-reach-20-84-billion-globally-by-2030-at-5-8-cagr-allied-market-research-301466409.html
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๐๐ฎ๐๐ฆ๐๐ซ๐ข๐ง๐ ๐๐๐ซ๐ค๐๐ญ https://www.alliedmarketresearch.com/submarine-market-A10675
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