Satellite Bus Market Synopsis

Satellite Bus Market Size Was Valued at USD 12.8 Billion in 2022 and is Projected to Reach USD 18.38 Billion by 2030, Growing at a CAGR of 4.63% From 2023-2030.

A satellite bus, which is also called a spacecraft bus or satellite platform, is the uniform, modular structure or framework that makes up a satellite's central component. The payload, which varies based on the satellite's mission and purpose, is attached to the bus, while it carries and supports the primary systems and subsystems necessary for the satellite to operate.

• The evolution of application satellites has been determined in part by the development of ever more complicated spacecraft busses or platforms. High-gain and more powerful communications antennas, high-resolution remote sensing and meteorological instruments, and more precise navigational payloads have all been made feasible by three-axis body stabilized platforms. The most important development in spacecraft buses has been the development of perfectly oriented body-stabilized platforms, which allow for the deployment of very powerful solar arrays and highly precise pointing of high-gain antennas and sensor systems.
• Standardized satellite buses provide numerous advantages, such as cost savings, faster development, modular design, reliability, and simplified integration and testing. They can reduce the cost of satellite development and production by leveraging economies of scale, using off-the-shelf components, and reusing proven designs across multiple missions. The modular nature of these buses allows for easier integration of various payloads, catering to applications like communication, Earth observation, navigation, and scientific research. Standardized satellite buses often have a track record of reliability, reducing the risk of failures and increasing confidence in the satellite's performance. Standardized satellite buses may offer limited customization, potentially hindering unique missions, and may be limited by manufacturers, potentially not covering all required satellite sizes and applications.
• A satellite bus is composed of various components, including a structural subsystem that provides mechanical support for the satellite, and a power subsystem that generates, and stores. It distributes electrical power, an attitude control and determination subsystem that maintains the satellite's orientation and position, a thermal control subsystem that regulates the satellite's temperature to protect sensitive electronics, a propulsion subsystem that allows the satellite to change its orbit or maintain its position, and a communication subsystem that enables communication between the satellite and ground stations. The structural subsystem provides mechanical support for the satellite, while the power subsystem generates, stores, and distributes electrical power.

Satellite Bus Market Trend Analysis:

Increasing Demand for Satellite-Based Services like Communication, Navigation, and Earth Observation

• The satellite bus market is gaining momentum due to the growing demand for satellite-based services like communication, navigation, and earth observation. The global demand for communications is significantly rising the current demand for satellite communications. The service with the highest demand is currently direct-to-home television, broadcasting, and internet services. Satellites provide infrastructure for reliable and effective service delivery, especially in remote areas with limited terrestrial networks. The market for satellite buses is expanding due to the growing need for connectivity, prompting satellite operators to launch more satellites to meet global communication service demands.
• Furthermore, Navigation satellite systems like GPS, GLONASS, and Galileo are vital in various industries like aviation, maritime, transportation, and logistics. It utilizes satellites to provide continuous and real-time location, navigation, and timing services by fusing legacy radio navigation with contemporary communications technologies. The market for satellite buses is anticipated to grow to facilitate the deployment of additional navigation satellites and improve the capabilities of operating GNSS constellations, as the need for accurate and dependable navigation across a wide range of applications grows.
• Moreover, Advanced Earth observation satellites are vital for monitoring and managing the planet's environment, resources, and natural phenomena. Satellites offer crucial data for weather forecasting, climate monitoring, agricultural management, urban planning, disaster response, and environmental protection. As governments and industries recognize Earth observation's importance for informed decision-making and sustainable development, there's a growing demand for satellite platforms capable of supporting complex imaging missions.

Rising Space Program Spending

• The market for satellite buses will benefit significantly from the increased spending on space programs, especially as both public and commercial sectors boost their investments in satellite technology and space research. There is an increased need for satellites in several industries, including navigation, earth observation, and telecommunications, as a result of increased financing for space activities. Satellite buses provide the framework for satellite construction and allow for the integration of several payloads and capabilities.
• Furthermore, the construction of increasingly advanced and powerful satellite buses is made possible by the spending increases that propel developments in space technology. These technical advancements include upgrades to onboard processing capacity, power production, propulsion systems, and communication subsystems., which might range from high-resolution image satellites for remote sensing applications to tiny satellite constellations for global connectivity.
• The prospects in the satellite bus business are further enhanced by the expanding cooperation between commercial satellite operators and government space organizations. Public-private partnerships and satellite manufacturing outsourcing are instances of government measures that foster an atmosphere that encourages private enterprises to develop and grow their presence in the space sector. The market for satellite buses has an enormous amount of potential to grow and develop in the approaching future due to the increasing spending on space programs.

Satellite Bus Market Segment Analysis:

Satellite Bus Market is Segmented on the basis of Subsystem, Size, Application, and End-User.

By Size, Small Satellite (1-500kg) segment is expected to dominate the market during the forecast period

• The Small Satellite segment is anticipated to show remarkable growth during the forecast period.  Technological and downsizing advancements have reduced the cost and increased the accessibility of Small Satellite platforms for a variety of uses. Due to their lower construction, launch, and operating costs compared to larger ones, these satellites are more accessible to a broader spectrum of users, such as governmental bodies, businesses, and educational institutions. This price is especially appealing to entrepreneurs, budding space initiatives, and low-budget organizations. Small Satellites are adaptable and agile, enabling quick deployment for a range of missions and uses. In comparison to conventional big satellites, they can be deployed in constellations and swarms, offering improved coverage, revisit rates and data continuity.
• There is an increasing need for more frequent and dispersed satellite deployments due to the increased demand for connection services and data-driven insights. Small satellites are perfect for applications like Earth observation, remote sensing, and Internet of Things connectivity because they excel at delivering global coverage and high return rates for data collecting. The demand for Small Satellite-based solutions is further fueled by the rise of new sectors such as driverless vehicles, space tourism, and space-based internet constellations.

According to the data presented in the graph, there has been an increase in the number of small satellites launched worldwide, reaching a total of 2,304 compared to the previous year. These small satellites, as defined by the source, typically have a mass and size ranging from 1 to 500 kilograms. Additionally, small satellite launches underscore the growing significance of these compact and versatile spacecraft in various industries, including telecommunications, Earth observation, and scientific research.

By Application, Communication segment is expected to dominate the market during the forecast period

• The growing need for satellite-based communication services is expected to propel the communication segment to the forefront of the satellite bus market during the forecast period. The growth of mobile devices, broadband internet access, and the requirement for dependable communication infrastructure in rural areas are the main drivers of this demand. The serves a range of industries, including media, telecommunications, government, aviation, and the marine sector. It supports a wide range of applications, including broadband internet access, telephony, data communication, and Internet of Things connectivity.
• Advancements in satellite technology, including high-throughput satellites and electric propulsion systems, are enhancing communication satellites' capabilities and performance. High-throughput satellites enable higher data throughput and bandwidth efficiency, while electric propulsion systems offer fuel savings and extended operational lifetimes. Competition and consolidation in the industry are driving investments in next-generation satellite infrastructure, with operators deploying new satellites and upgrading existing fleets to improve service quality worldwide.

Satellite Bus Market Regional Insights:

North America is Expected to Dominate the Market Over the Forecast period

• The advanced space sector in North America, which produces leading companies with innovative technologies and experience in satellite design, production, and integration, is projected to drive the market for satellite buses. The region's market is expanding as a result of the burgeoning interest in space technology, which has drawn other businesses like Virgin Orbit and SpaceX to the area. The increasing frequency of satellite launches in the area for a variety of uses, such as broadcasting, internet connectivity, navigation, and communication, by space agencies like the National Aeronautics and Space Administration (NASA), is also expected to support the regional market's growth.
• Furthermore, the increasing government support of aerospace and space research presents numerous opportunities for commercial growth for regional enterprises operating in the satellite bus industry. In terms of satellite development and launch, the US leads the world. Owing to the many potential uses for satellites in both commercial and defense applications, their use has become much more common throughout the region.

Satellite Bus Market Top Key Players:

• Honeywell International Inc. (U.S.)
• Boeing (U.S.)
• L3Harris Technologies, Inc. (U.S.)
• Lockheed Martin Corporation (U.S.)
• Maxar Technologies (U.S)
• Northrop Grumman (U.S.)
• Blue Canyon Technologies (U.S.)
• OHB SE (Germany)
• Berlin Space Technologies GmbH (Germany)
• Airbus (Netherlands)
• OHB SE (Germany)
• C3S Electronics Development LLC (Hungary)
• AAC Clyde Space (Sweden)
• Alén Space (Spain)
• Glavkosmos (Russia)
• Thales Group (France)
• Dragonfly Aerospace (South Africa)
• Mitsubishi Electric Corporation (Japan)
• Centum (India)
• Dhruva Space (India)
• IAI (Israel), and Other Major Players

Key Industry Developments in the Satellite Bus Market:

• In January 2022, Airbus agreed to supply space start-up Loft Orbital with more than fifteen satellite platforms derived from the Airbus Arrow platform.  Arrow is the foundational satellite platform of the OneWeb constellation. There are 394 Airbus Arrow platforms in orbit for the OneWeb constellation and a further 254 are being produced to complete the 648 spacecraft required by OneWeb. With this acquisition, Loft Orbital confirms its intention to make the Airbus Arrow platform a true workhorse enabling its service business model.
• In August 2023, LeoStella, a U.S.-based satellite design and manufacturing company, announced its third-generation small satellite bus product line, the LS-300. The LS-300 introduces significant payload accommodation and other enhanced capabilities.

1. INTRODUCTION
   1. RESEARCH OBJECTIVES
   2. RESEARCH METHODOLOGY
   3. RESEARCH PROCESS
   4. SCOPE AND COVERAGE
      1. Market Definition
      2. Key Questions Answered
   5. MARKET SEGMENTATION
2. EXECUTIVE SUMMARY
3. MARKET OVERVIEW
4. GROWTH OPPORTUNITIES BY SEGMENT
5. MARKET LANDSCAPE
   1. PORTER’S FIVE FORCES ANALYSIS
      1. Bargaining Power Of Supplier
      2. Threat Of New Entrants
      3. Threat Of Substitutes
      4. Competitive Rivalry
      5. Bargaining Power Among Buyers
   2. INDUSTRY VALUE CHAIN ANALYSIS
   3. MARKET DYNAMICS
      1. Drivers
      2. Restraints
      3. Opportunities
      4. Challenges
   4. MARKET TREND ANALYSIS
   5. REGULATORY LANDSCAPE
   6. PESTLE ANALYSIS
   7. PRICE TREND ANALYSIS
   8. PATENT ANALYSIS
   9. TECHNOLOGY EVALUATION
   10. MARKET IMPACT OF THE RUSSIA-UKRAINE WAR
       1. Geopolitical Market Disruptions
       2. Supply Chain Disruptions
       3. Instability in Emerging Markets
   11. ECOSYSTEM
6. SATELLITE BUS MARKET BY SUBSYSTEM (2017-2030)
   1. SATELLITE BUS MARKET SNAPSHOT AND GROWTH ENGINE
   2. MARKET OVERVIEW
   3. THERMAL CONTROL
      1. Introduction And Market Overview
      2. Historic And Forecasted Market Size in Value (2017 – 2030F)
      3. Historic And Forecasted Market Size in Volume (2017 – 2030F)
      4. Key Market Trends, Growth Factors And Opportunities
      5. Geographic Segmentation Analysis
   4. ELECTRIC POWER SYSTEM
   5. ATTITUDE CONTROL SYSTEM
   6. STRUCTURES & MECHANISMS
   7. PROPULSION
   8. OTHERS
7. SATELLITE BUS MARKET BY SIZE (2017-2030)
   1. SATELLITE BUS MARKET SNAPSHOT AND GROWTH ENGINE
   2. MARKET OVERVIEW
   3. SMALL SATELLITE (1-500KG)
      1. Introduction And Market Overview
      2. Historic And Forecasted Market Size in Value (2017 – 2030F)
      3. Historic And Forecasted Market Size in Volume (2017 – 2030F)
      4. Key Market Trends, Growth Factors And Opportunities
      5. Geographic Segmentation Analysis
   4. MEDIUM  SATELLITE (501-2,500KG)
   5. LARGE SATELLITE (OVER 2,500KG)
8. SATELLITE BUS MARKET BY APPLICATION (2017-2030)
   1. SATELLITE BUS MARKET SNAPSHOT AND GROWTH ENGINE
   2. MARKET OVERVIEW
   3. SCIENTIFIC RESEARCH & EXPLORATION
      1. Introduction And Market Overview
      2. Historic And Forecasted Market Size in Value (2017 – 2030F)
      3. Historic And Forecasted Market Size in Volume (2017 – 2030F)
      4. Key Market Trends, Growth Factors And Opportunities
      5. Geographic Segmentation Analysis
   4. COMMUNICATION
   5. SURVEILLANCE & SECURITY
   6. EARTH OBSERVATION & METEOROLOGY
   7. MAPPING & NAVIGATION
9. COMPANY PROFILES AND COMPETITIVE ANALYSIS
   1. COMPETITIVE LANDSCAPE
      1. Competitive Positioning
      2. Luxury Goods Market Share By Manufacturer (2022)
      3. Industry BCG Matrix
      4. Heat Map Analysis
      5. Mergers & Acquisitions
   2. HONEYWELL INTERNATIONAL INC.
      1. Company Overview
      2. Key Executives
      3. Company Snapshot
      4. Role of the Company in the Market
      5. Sustainability and Social Responsibility
      6. Operating Business Segments
      7. Product Portfolio
      8. Business Performance (Production Volume, Sales Volume, Sales Margin, Production Capacity, Capacity Utilization Rate)
      9. Key Strategic Moves And Recent Developments
      10. SWOT Analysis
   3. BOEING (U.S.)
   4. L3HARRIS TECHNOLOGIES, INC. (U.S.)
   5. LOCKHEED MARTIN CORPORATION (U.S.)
   6. MAXAR TECHNOLOGIES (U.S)
   7. NORTHROP GRUMMAN (U.S.)
   8. BLUE CANYON TECHNOLOGIES (U.S.)
   9. OHB SE (GERMANY)
   10. BERLIN SPACE TECHNOLOGIES GMBH (GERMANY)
   11. AIRBUS (NETHERLANDS)
   12. OHB SE (GERMANY)
   13. C3S ELECTRONICS DEVELOPMENT LLC (HUNGARY)
   14. AAC CLYDE SPACE (SWEDEN)
   15. ALÉN SPACE (SPAIN)
   16. GLAVKOSMOS (RUSSIA)
   17. THALES GROUP (FRANCE)
   18. DRAGONFLY AEROSPACE (SOUTH AFRICA)
   19. MITSUBISHI ELECTRIC CORPORATION (JAPAN)
   20. CENTUM (INDIA)
   21. DHRUVA SPACE (INDIA)
   22. IAI (ISRAEL)
10. GLOBAL SATELLITE BUS MARKET BY REGION
    1. OVERVIEW
    2. NORTH AMERICA
       1. Key Market Trends, Growth Factors And Opportunities
       2. Key Manufacturers
       3. Historic And Forecasted Market Size By Subsystem
       4. Historic And Forecasted Market Size By Size
       5. Historic And Forecasted Market Size By Application
       6. Historic And Forecasted Market Size By Country
          1. USA
          2. Canada
          3. Mexico
    3. EASTERN EUROPE
       1. Key Market Trends, Growth Factors And Opportunities
       2. Key Manufacturers
       3. Historic And Forecasted Market Size By Segments
       4. Historic And Forecasted Market Size By Country
          1. Russia
          2. Bulgaria
          3. The Czech Republic
          4. Hungary
          5. Poland
          6. Romania
          7. Rest Of Eastern Europe
    4. WESTERN EUROPE
       1. Key Market Trends, Growth Factors And Opportunities
       2. Key Manufacturers
       3. Historic And Forecasted Market Size By Segments
       4. Historic And Forecasted Market Size By Country
          1. Germany
          2. United Kingdom
          3. France
          4. The Netherlands
          5. Italy
          6. Spain
          7. Rest Of Western Europe
    5. ASIA PACIFIC
       1. Key Market Trends, Growth Factors And Opportunities
       2. Key Manufacturers
       3. Historic And Forecasted Market Size By Segments
       4. Historic And Forecasted Market Size By Country
          1. China
          2. India
          3. Japan
          4. South Korea
          5. Malaysia
          6. Thailand
          7. Vietnam
          8. The Philippines
          9. Australia
          10. New-Zealand
          11. Rest Of APAC
    6. MIDDLE EAST & AFRICA
       1. Key Market Trends, Growth Factors And Opportunities
       2. Key Manufacturers
       3. Historic And Forecasted Market Size By Segments
       4. Historic And Forecasted Market Size By Country
          1. Turkey
          2. Bahrain
          3. Kuwait
          4. Saudi Arabia
          5. Qatar
          6. UAE
          7. Israel
          8. South Africa
    7. SOUTH AMERICA
       1. Key Market Trends, Growth Factors And Opportunities
       2. Key Manufacturers
       3. Historic And Forecasted Market Size By Segments
       4. Historic And Forecasted Market Size By Country
          1. Brazil
          2. Argentina
          3. Rest of South America
11. INVESTMENT ANALYSIS
12. ANALYST VIEWPOINT AND CONCLUSION
    1. Recommendations and Concluding Analysis
    2. Potential Market Strategies