The Global Satellite Bus Market: Highlights
The global satellite bus market is projected to grow at a healthy CAGR 5.5% during the forecast period. Increasing deployment of small satellites, especially for earth observation-related applications; increasing space exploration missions, technological advancement in the systems, increasing space budget of the emerging economies, and increasing participation of private space companies are the major factors spurring the growth of the satellite bus market.

Based on the satellite size, the market is segmented into small, medium, and large size. Large size currently dominates the market and is expected to maintain its dominance over the next five years, driven by a host of factors including the presence of a large number of satellite buses and solar cells in order to allow a large number of functions including greater solar production and processing capacity. It also expected that small size segment is likely to witness the highest growth during the forecast period. The demand for small satellites is growing due to sharply reducing launch costs from commercial space companies as well as an increased demand for small satellites from earth observation to communications to networking applications. Furthermore, the low cost and short development time in the integration of small satellites are other factors substantiating the growth of the segment in the global satellite bus market.

Based on the application type, the market is segmented into Earth Observation and Meteorology, Communication, Scientific Research & Exploration, Surveillance & Security, and Mapping & Navigation. The earth observation and meteorology segment is expected to grow at the highest rate in the coming five years, owing to their capability to monitor situations, such as cyclones, storms, floods, fires, volcanic activities, earthquakes, landslides, oil slicks, environmental pollution, and other such calamities. There has been a high focus for the development of small satellites targeting key areas including earth observation, communications, and networking.
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The global satellite bus market is segmented based on the subsystem type as Structures & Mechanisms, Thermal Control, Electric Power System, Attitude Control System, Propulsion, Telemetry Tracking & Command (TT&C), and Flight Software. Electrical power system segment is projected to grow at the highest CAGR during the forecast period. The electric power system plays a vital role through generation, storage, conditioning control, and distribution of power within the satellites. Electric power system helps in managing the power input of solar cells, charging onboard batteries, and distributing the electric power, to all other subsystems of the satellite at the required voltage.

Based on the regions, North America dominates the satellite bus market, driven by the presence of major spacecraft OEMs and tier players. The USA is the growth engine of the region’s market as the country has the highest space budget in the world, which is almost six times the country with the second highest space budget. Also, NASA is the largest space agency in the world, which is largely involved in space-related activities located in the USA. Furthermore, major spacecraft OEMs, such as Orbital ATK, Lockheed Martin, and Honeywell International, have the presence in the USA.

Europe and Asia-Pacific are also likely to offer good growth opportunities in the coming years. Europe will be driven by space investments by ESA and Russia. Asia-Pacific is likely to be the fastest-growing market in the foreseen future, driven by a host of factors, including the emergence of India and China in the space sector, investments in small satellite projects, and an increased number of start-ups involved in space activities across the region.
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The supply chain of this market comprises ram material suppliers, component manufacturers, satellite bus system providers, spacecraft OEMs, space agencies, and space research institutes. The key satellite bus manufacturers are Orbital ATK, Inc., Lockheed Martin Corporation, Thales Alenia Space, Airbus Group, China Academy of Space Technology, Israel Aerospace Industries Ltd, The Boeing Company, Honeywell International Inc., Mitsubishi Electric Corporation, Ball Corporation, Macdonald, Dettwiler and Associates Ltd., and Sierra Nevada Corporation. Advancement in the technology and formation of a long-term relationship with OEMs are some of the key strategies adopted by the major players to gain a competitive edge in the market.
Report Features

This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:

Market structure: Overview, industry life cycle analysis, supply chain analysis
Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
Market trend and forecast analysis
Market segment trend and forecast
Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
Attractive market segments and associated growth opportunities
Emerging trends
Strategic growth opportunities for the existing and new players
Key success factors


The satellite bus market is segmented into the following categories.

Satellite Bus Market by Subsystem Type:

Structures & Mechanisms (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
Thermal Control System (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
Electric Power System (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
Attitude Control System (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
Propulsion (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
Telemetry Tracking & Command (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
Flight Software (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
Satellite Bus Market by Satellite Size Type:

Small (1-500 kg) (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
Medium (501-2,000 kg) (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
Large (>2,001 kg) (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
Satellite Bus Market by Application Type:

Earth Observation & Meteorology (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
Communication (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
Scientific Research & Exploration (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
Surveillance & Security (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
Mapping & Navigation (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
Satellite Bus Market by Region:

North America (Country Analysis: the USA, Canada, and Mexico)
Europe (Country Analysis: Germany, France, the UK, Russia, and Rest of Europe)
Asia-Pacific (Country Analysis: China, Japan, India, and Rest of Asia-Pacific)
Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)