Satellite Bus Market Size, Industry Report, Trends, Growth and Scope By Forecast 2032

The latest report by IMARC Group, titled "Satellite Bus Market Report by Subsystem (Structures and Mechanisms, Thermal Control, Electric Power System, Attitude Control System, Propulsion, Telemetry Tracking Command, Flight Software), Satellite Size (Small, Medium, Large), Application (Earth Observation and Meteorology, Communication, Scientific Research and Exploration, Surveillance and Security, Mapping, Navigation), and Region 2024-2032", offers a comprehensive analysis of the industry, which comprises insights on the market. The global satellite bus market size reached USD 14.7 Billion in 2023. Looking forward, IMARC Group expects the market to reach USD 23.3 Billion by 2032, exhibiting a growth rate (CAGR) of 5.2% during 2024-2032.

Browse the Full Report with TOC & List of Figures: https://www.imarcgroup.com/satellite-bus-market

Satellite Bus Industry Trends and Drivers:

• Growing demand for satellite-based communication:

The growing demand for reliable satellite-based communication across the globe is one of the major factors boosting the satellite bus market share. With the rapid expansion of internet usage, telecommunication services, and data transmission needs, satellites play a vital role in ensuring global connectivity. Satellite buses provide the required structural framework and systems integration to support communication payloads in orbit. This demand is further propelled by the need for uninterrupted communication services in remote and rural areas where terrestrial infrastructure is limited. As more countries and commercial entities invest in satellite communication to support broadband internet, television broadcasting, and emergency response systems, the satellite bus market is steadily expanding.

• Rising adoption of earth observation and remote sensing:

The satellite bus market trends indicate that the rising adoption of satellites for earth observation and remote sensing applications is contributing substantially to industry expansion. Governments and organizations utilize these satellites for monitoring environmental changes, disaster management, agriculture, and urban planning. Satellite buses support the payloads used for high-resolution imaging and data collection, enabling accurate assessments of land, water, and atmospheric conditions. The demand for climate monitoring, resource management, and strategic military intelligence has further propelled investments in satellite technology, boosting the overall satellite bus demand. This trend is driven by the need for better-informed decision-making and the support of initiatives related to sustainability and national security.

• Increased investments in space exploration and satellite constellations:

Rising investments in space exploration and satellite constellation projects are driving the satellite bus market size. Governments, private companies, and space agencies are launching constellations of small and medium-sized satellites to create networks that provide global coverage for communication, navigation, and data collection. Satellite buses serve as the backbone for these constellations, ensuring the structural integrity, power supply, and propulsion systems needed for optimal performance in space. Moreover, the focus on low-Earth orbit (LEO) constellations by companies such as SpaceX and OneWeb, aimed at delivering high-speed internet across the globe, has further heightened the demand for reliable satellite bus platforms. This rise in space missions and satellite deployment is significantly influencing industry expansion.

For an in-depth analysis, you can request a sample copy of the report: https://www.imarcgroup.com/satellite-bus-market/requestsample

• Airbus SE
• Ball Corporation
• Centum Electronics Limited
• Honeywell International Inc.
• Israel Aerospace Industries
• Lockheed Martin Corporation
• Maxar Technologies Inc.
• NanoAvionics Corp. (AST SpaceMobile Inc)
• NEC Corporation (AT&T Corporation)
• Northrop Grumman Corporation
• Sierra Nevada Corporation
• Thales Group
• The Boeing Company.

Satellite Bus Market Report Segmentation:

Breakup By Subsystem:

• Structures and Mechanisms
• Thermal Control
• Electric Power System
• Attitude Control System
• Propulsion
• Telemetry Tracking Command
• Flight Software

Based on the subsystem, the market has been segregated into structures and mechanisms, thermal control, electric power system, attitude control system, propulsion, telemetry tracking command, and flight software.

Breakup By Satellite Size:

• Small
• Medium
• Large

On the basis of the satellite size, the market has been categorized into small, medium, and large.

Breakup By Application:

• Earth Observation and Meteorology
• Communication
• Scientific Research and Exploration
• Surveillance and Security
• Mapping
• Navigation

Based on the application, the market has been segmented into earth observation and meteorology, communication, scientific research and exploration, surveillance and security, mapping, and navigation.

Breakup By Region:

• North America (United States, Canada)
• Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
• Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
• Latin America (Brazil, Mexico, Others)
• Middle East and Africa

Region-wise, the market has been classified into North America (the United States and Canada), Asia-Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others), Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others), Latin America (Brazil, Mexico, and others), and Middle East and Africa.

If you require any specific information that is not covered currently within the scope of the report, we will provide the same as a part of the customization.

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IMARC Group is a global management consulting firm that helps the world’s most ambitious changemakers to create a lasting impact. The company provides a comprehensive suite of market entry and expansion services. IMARC offerings include a thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape, and benchmarking analyses, pricing and cost research, and procurement research.

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I'm Joey Moore, a seasoned Research Analyst with 5+ years of experience in market research. Expert in data analysis, strategic planning, and industry insights.