DUBLIN--(BUSINESS WIRE)--The "Satellite Bus Market - Growth, Trends, and Forecasts (2020 - 2025)" report has been added to ResearchAndMarkets.com's offering.
The satellite bus market is anticipated to grow at a CAGR of more than 7% during the forecast period.
The increasing demand for satellite applications for various purposes, such as communication, navigation, space exploration, and scientific purposes, earth observation and experiments, is anticipated to generate demand for new satellites, which will subsequently generate demand for satellite buses during the forecast period.
The global demand for the adoption of new and advanced satellites with compact size, weight, power, and cost buses is anticipated to propel the growth of the market in the coming future.
Companies Mentioned
- Thales Group
- Lockheed Martin Corporation
- Northrop Grumman Corporation
- Airbus SE
- OHB SE
- Israel Aerospace Industries
- Honeywell International Inc.
- Mitsubishi Electric Corporation
- Ball Corporation
- Sierra Nevada Corporation
- Space Systems/Loral, LLC
- NEC Corp
Key Market Trends
Small Satellite segment will Grow with the Highest CAGR During the Forecast Period
During the period of 2012-2018, the number of small satellites deployed increased due to their advantage to have similar capabilities to the conventional satellites, at a relatively smaller cost of manufacturing. Revolutionary technological advancements have facilitated the miniaturization of electronics, which has pushed the invention of smart materials, in turn, reducing the satellite size and mass over time for manufacturers. Due to this, numerous space startups are being started currently, creating a market for small satellites and mini rockets, owing to the increasing pace of deployment of small satellites in the earth and celestial observation, space research, and communication applications.
For instance, companies like OneWeb, Amazon, Telesat, and SpaceX among others plan to launch more than 40,000 small satellites in the coming decade. Similarly, many new programs are in pipeline for the production and launch of small satellites for defense purposes. With growing investments into the launch of satellite constellations, the small satellite segment is anticipated to witness the highest growth during the forecast period.
Asia-Pacific Region is Expected to Generate the Highest Demand During the Forecast Period
Countries like China, India, and Japan among others are accounting for the majority of the demand for satellite buses with regional companies like China Academy of Space Technology (CAST), Indian Space Research Organization, and Mitsubishi Electric among others taking the majority share of the market in their respective countries. The increasing private and government investments in the space industry is one of the major growth factors for the market in the region. For instance, China's GalaxySpace announced to invest about USD 700 million to launch a constellation of LEO satellites to provide global 5G communications.
Also, China plans to launch three state-owned constellations with test satellites by the end of 2020. Similarly, Japan Aerospace Exploration Agency (JAXA) is actively working with other companies and rapidly enhancing its footprint in the space industry. In 2018, the government announced that it plans to double the country's space industry by more than USD 11 billion and provide a fund of USD 940 million to space start-ups in the form of investments and loans over the next five years. Similar initiatives of governments across the Asia-Pacific region are anticipated to drive the growth of the market.
Key Topics Covered:
1 INTRODUCTION
1.1 Study Assumptions
1.2 Scope of the Study
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.3 Market Restraints
4.4 Porter's Five Forces Analysis
4.4.1 Bargaining Power of Buyers/Consumers
4.4.2 Bargaining Power of Suppliers
4.4.3 Threat of New Entrants
4.4.4 Threat of Substitute Products
4.4.5 Intensity of Competitive Rivalry
5 MARKET SEGMENTATION
5.1 Subsystem
5.1.1 Structures
5.1.2 Thermal
5.1.3 Electric Power System (EPS)
5.1.4 Telemetry, Tracking and Command (TT&C)
5.1.5 Command and Data Handling (C&DH)
5.1.6 Attitude Determination and Control Subsystem (ADCS)
5.1.7 Propulsion
5.2 Satellite Size
5.2.1 Small Satellites (upto 500 kgs)
5.2.2 Large Satellites (above 500 kgs)
5.3 Geography
5.3.1 North America
5.3.1.1 United States
5.3.1.2 Canada
5.3.2 Europe
5.3.2.1 United Kingdom
5.3.2.2 Germany
5.3.2.3 France
5.3.2.4 Russia
5.3.2.5 Rest of Europe
5.3.3 Asia-Pacific
5.3.3.1 China
5.3.3.2 Japan
5.3.3.3 India
5.3.3.4 Rest of Asia-Pacific
5.3.4 Rest of the World
6 COMPETITIVE LANDSCAPE
6.1 Vendor Market Share
6.2 Company Profiles
7 MARKET OPPORTUNITIES AND FUTURE TRENDS
For more information about this report visit https://www.researchandmarkets.com/r/srjvrk
