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

The global satellite bus market is expected to grow from $10.42 billion in 2021 to $11.04 billion in 2022 at a compound annual growth rate (CAGR) of 4.98%. The global satellite bus market size is expected to reach $13.62 billion in 2026 at a CAGR of 5.39%.

The increase in investment by governments & space agencies is significantly driving the growth of the satellite bus market.

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The satellite bus market consists of sales of satellite buses by entities (organizations, partnerships, and sole proprietors) that refer to the satellite’s primary body and structural components used to hold the payload and scientific equipment. Satellite buses are frequently tailored to client specifications. Satellite buses are primarily utilized in geosynchronous satellites, especially communications satellites. It is also used in lower-orbit spacecraft, including low-earth-orbit missions.

Global Satellite Bus Market Segments Include:

By Type: Small Satellite, Medium Satellite, Large Satellite

By Application: Earth Observation and Meteorology, Communication, Scientific Research and Exploration, Others

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 is the largest region in the global satellite bus market in 2021.

Technological advancement is a key trend gaining popularity in the satellite bus market. Major companies operating in the satellite bus market are focused on bringing technological advancements to the market to strengthen their position. Some of the recently introduced technologies include electric propulsion technology, high-resolution cameras, advanced remote seeing technology, future generation GPS satellites, LIDAR technology, and others. These advanced satellite buses offer advanced payload, better visibility with advanced cameras, and reduced cost.

TBRC’s Satellite Bus Market Report Covers:

Major Market Players: Airbus SAS, Ball Corporation, Boeing, Honeywell International Inc, Israel Aerospace Industries Ltd, Lockheed Martin Corporation, Mitsubishi Electric Corporation, Sierra Nevada Corporation, Thales Alenia Space, SpaceQuest Ltd, Alliant Techsystems Inc, Sputnix, and Magellan Aerospace.

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 Bus Global Market Report 2022  is one of a series of new reports from The Business Research Company that provides satellite bus market overviews, analyzes and forecasts market size, share, satellite bus market players, satellite bus market segments and geographies, leading competitor revenues, profiles and market shares.

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

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