Satellite Bus Market: A Billion Doller Industry by 2022
The satellite bus market was USD 9.28 Billion in 2016 and is projected to reach USD 13.64 Billion by 2022, at a CAGR of 5.97% during the forecast period. The base year considered for the study is 2016 and the forecast period is from 2017 to 2022.
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Objective of the Study:
The objective of this study is to analyze the satellite bus market, along with statistics from 2016 to 2022 as well as to define, describe, and forecast the satellite bus market and map the segments and subsegments across major regions, namely, North America, Europe, Asia Pacific, and RoW. On the basis of satellite size, the satellite bus market has been segmented into small (1-500kg), medium (501-2,500kg) and large (>2,500kg). On the basis of subsystem, the satellite bus market has been segmented into structures & mechanisms, thermal control, electric power system, attitude control system, propulsion, Telemetry Tracking and Command (TT&C), and flight software. On the basis of application, the market has been segmented into earth observation & meteorology, communication, scientific research & exploration, surveillance & security, and mapping & navigation.
The report provides in-depth market intelligence regarding the market dynamics and major factors, such as drivers, restraints, opportunities, and industry-specific challenges influencing the growth of the satellite bus market, along with an analysis of micromarkets with respect to individual growth trends, future prospects, and their contribution to the satellite bus market.
The report also covers competitive developments, such as long-term contracts, joint ventures, mergers, new product launches and developments, and research & development activities in the satellite bus market, in addition to business and corporate strategies adopted by key market players.
The ecosystem of the satellite bus market comprises satellite bus and component manufacturers, suppliers, and technology support providers, such as Airbus Defense and Space SAS (France), Boeing (US), Thales Group (France), Lockheed Martin Corporation (US), and Mitsubishi Electric Corporation (Japan), among others. These companies offer advanced technology systems, products, and services. They also provide a broad r