Satellite and Spacecraft Sub-systems Market Shows Steady 4.9% CAGR with Growing IoT and Defense Demand

InsightAce Analytic Pvt. Ltd. announces the release of a market assessment report on the "Global Satellite and Spacecraft Sub-system Market- (By Products (Satellite Sub-System, Launch Vehicle System), By End-User (Commercial, Civil Government, Defense, Academic/Research Group)) Trends, Industry Competition Analysis, Revenue and Forecast To 2034."

According to the latest research by InsightAce Analytic, the Global Satellite and Spacecraft Sub-system Market is valued at USD 31.1 Bn in 2024, and it is expected to reach USD 49.6 Bn by the year 2034, with a CAGR of 4.9% during a forecast period of 2025-2034.

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Satellites play a critical role in military communications and are extensively utilized across various sectors, including navigation, television broadcasting, and telecommunications. Satellite communication relies on the transmission of radio waves, with data being transmitted, received, and processed through a global network of antennas and transponders. The satellite communication market is projected to witness robust growth during the forecast period, driven by ongoing technological advancements in satellite systems. For instance, in April 2021, Northrop Grumman successfully executed the docking of its Mission Extension Vehicle-2 (MEV-2) with the commercial satellite Intelsat 10-02.

This robotic spacecraft is engineered to extend the functional lifespan of aging satellites, highlighting innovations in satellite servicing capabilities. Moreover, rising concerns over space debris, coupled with the enforcement of regulatory frameworks focused on debris mitigation, are prompting the development of advanced subsystems that support responsible end-of-life satellite disposal. These trends are expected to stimulate continued innovation and expansion within the satellite communication industry.

List of Prominent Players in the Satellite and Spacecraft Sub-system Market:
• Airbus S.A.S.
• Ball Corporation
• Data Device Corporation
• Honeywell International
• Israel Aerospace Industries
• Lockheed Martin Corporation
• Mitsubishi Electric Corporation
• Northrop Grumman
• OneWeb
• O.H.B. System

Market Dynamics:
Drivers-
The global satellite and spacecraft sub-systems market is anticipated to witness substantial growth, largely fueled by the rising adoption of Internet of Things (IoT) devices across key industries such as automotive, defense, and healthcare. Furthermore, the increasing utilization of radio broadcasting and satellite communication technologies in online streaming services and television broadcasting is expected to positively impact market dynamics. In addition, the growing demand for advanced sub-system solutions within military and defense sectors is projected to further accelerate market expansion throughout the forecast period.

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Challenges:
Cost constraints continue to pose a barrier to the adoption of advanced technologies and innovative solutions, particularly for smaller enterprises and emerging space programs. The integration of multiple sub-systems within satellites or spacecraft, combined with the stringent validation processes required to ensure operational reliability in space environments, presents considerable technical and logistical complexities. Additionally, the growing concern surrounding space debris underscores the need for sub-systems to include end-of-life disposal mechanisms and comply with established debris mitigation guidelines. The implementation of sustainable practices is becoming increasingly critical to support the long-term sustainability of space missions.

Regional Trends:
North America is expected to command a significant share of the satellite and spacecraft sub-systems market in terms of revenue and is projected to experience strong growth throughout the forecast period. This growth is driven by the rising number of small satellite initiatives-such as CubeSats and nanosatellites-spearheaded by academic institutions, startups, and research organizations, which are increasing the demand for compact and cost-efficient sub-systems. In Europe, the expansion of commercial space activities-including satellite manufacturing, launch services, and satellite-based applications-is generating robust demand for a broad spectrum of sub-systems. Concurrently, the Asia-Pacific region is emerging as a key growth hub, supported by substantial investments from leading corporations and government bodies aiming to enhance sectors such as telecommunications, transportation, and logistics through advanced satellite communication technologies.

Recent Developments:
• In June 2023, OHB Sweden and Thales Alenia Space signed a contract. This agreement covers developing, manufacturing, integrating, testing, and delivering a propulsion system for two major ESA and EU Copernicus missions. CHIME and ROSE-L are important space projects. The ROSE-L mission would also enable several applications, benefiting agriculture, environmental monitoring, food security, and hazard management.
• In May 2023, NASA granted a contract to Lockheed Martin Corporation. This contract is for developing and demonstrating NASA's Human Landing System and its key components. An essential part of Artemis, this programme is crucial. The program's major goal is to develop an environmentally friendly lunar lander that can safely take astronauts to the moon.

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Segmentation of Satellite and Spacecraft Sub-system Market-
By Products-
• Satellite Sub-System
o Payload
 Antenna
 Inter-Satellite Links
 Processor
 Imaging Sensor
o Electrical and Power Sub-system
 Power Management Device
 Solar Panel
 Battery
 Field-Programmable Gate Array
 Application Specific Integrated Circuit (ASIC)
 Power Converter
o Command and Data Handling System
 Onboard Computer
 Memory
 OBC Adaptor
 Router
 Processor
 Microcontroller
 Solid State Recorder
 Field-Programmable Gate Array (FPGA)
o Communication Sub-system
 Transmitter and Receiver
 Processor
o Thermal Control Sub-system
 Temperature Sensors
 Heaters
 Thermostats
 Insulation
o Attitude Determination and Control Sub-system
 Temperature Sensors
 Heaters
 Thermostats
 Insulation
o Propulsion System
 Temperature Sensors
 Heaters
 Thermostats
 Insulation
o Mechanism
o Actuator
o Structure
• Launch Vehicle System
o Structure
 Skin
 Frame
 Bulk Head
 Control Surfaces
 Payload Adapter
o Avionics
 Communication
 Navigation
 Radar
 Health Management
 Onboard Computer/Flight Computers
 Fibre Optic Cables
 Sensor
o Propulsion System
 Thrusters
 Propellant Tank
 Valves and Regulators
 Plumbing/Tubing
 Flow Control Unit
 Pump
 Combustion Chamber
 Nozzle
 Pointing Mechanism
o Control System
 Actuators
 Mechanism
 Motors
o Electrical System
 Wire-loom
 Power Control Units
 Battery
 Surge Protection Device
 Power Adapters
 Connectors
o Stage Separation
o Thermal System
 Sensors
 Thermal Computer
 Thermostat/Thermal Control System
 Skin
By End-User-
• Commercial
• Civil Government
• Defense
• Academic/Research Group
By Region-
North America-
• The US
• Canada
• Mexico
Europe-
• Germany
• The UK
• France
• Italy
• Spain
• Rest of Europe
Asia-Pacific-
• China
• Japan
• India
• South Korea
• South East Asia
• Rest of Asia Pacific
Latin America-
• Brazil
• Argentina
• Rest of Latin America
Middle East & Africa-
• GCC Countries
• South Africa
• Rest of the Middle East and Africa

Read Overview Report- https://www.insightaceanalytic.com/report/satellite-and-spacecraft-sub-system-market/1987

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