Global Satellite Payload Market
Electrical And Electronics Manufacturing

Global Satellite Payload Market Size, Forecasts, And Opportunities – Includes Satellite Payload Market Growth

Learn about the global satellite payload market through The Business Research Company, which provides information on satellite payload market size, satellite payload market drivers and restraints, satellite payload market players, the COVID-19 impact on the satellite payload market, and more.

 

The global satellite payload market size is expected to grow from $13.67 billion in 2021 to $14.81 billion in 2022 at a compound annual growth rate (CAGR) of 8.32%. The growth in the market is mainly due to the companies’ resuming their operations and adapting to the new normal while recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The global satellite payloads market size is expected to reach $20.57 billion in 2026 at a CAGR of 8.57%.

 

The increasing number of satellite launches is expected to propel the growth of the satellite payload market.

 

Request A Sample For The Global Satellite Payload Market Report:
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Global Satellite Payload Market

The satellite payload market consists of sales of satellite payloads by entities (organizations, sole proprietors, partnerships) that refer to modules that are carried by satellites having the ability to execute specific functions. The payload, which includes communications antennas, receivers, and transmitters, assists the satellite in fulfilling its functions and helps in telecommunications, remote sensing, scientific research, surveillance, and navigation.

 

Global Satellite Payload Market Segments Include:

By Payload Type: Communication, Imagery, Navigation, Others

By Orbit Type: LEO (Low Earth Orbit), GEO (Geosynchronous Earth Orbit), MEO (Medium Earth Orbit)

By Vehicle Type: Small, Medium, Heavy

By End-User: Commercial, Government and Defense, Dual Users
By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, North America was the largest region in the satellite payload market in 2021.

 

The development of artificial intelligence (AI) and cloud-enabled software-defined radio payloads is one of the rising trends in the satellite payload market. For enhanced flexibility in space missions, these AI-based payloads can be reprogrammed and reconfigured as per the specific mission requirements and can facilitate advanced satellite communications. Due to the rise of the new generation of fully flexible satellites, companies are integrating AI tools into satellite payloads.

 

TBRC’s satellite payload market report covers:

Major Market Players: Northrop Grumman, Raytheon Technologies Corporation, Lockheed Martin Corporation, Thales Alenia Space, Airbus Defence and Space, The Boeing Company, Honeywell International Inc., L3Harris Technologies Inc., Viasat, Inc., Lucix Corporation, Sierra Nevada Corporation, Intelsat General Corporation, Gomspace, MDA Corporation, and General Dynamics Mission Systems

Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.

Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Time Series: Five years historic (2016-21) and ten years forecast (2022-2026-2031)

 

The Satellite Payload Global Market Report 2022 – Market Size, Trends, And Global Forecast 2022-2026 is one of a series of new reports from The Business Research Company that provides satellite payload market overviews, analyzes and forecasts market size, share, satellite payload market players, satellite payload market segments and geographies, leading competitor revenues, profiles and market shares.

TBRC’s satellite payload market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.

 

Here Is A List Of Similar Reports From The Business Research Company:

Satellite Antenna Global Market Report 2022

Low Earth Orbit (LEO) Satellites Global Market Report 2022

Satellite Internet Global Market Report 2022

 

Interested To Know More About The Business Research Company?

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