Global Satellite Bus Market COVID-19 IMPACT, AND FORECASTS-2023

 

 

Key Players

The key players in the global satellite bus market are Airbus SAS (Netherlands), Ball Corporation (US), China Aerospace and Technology Corporation (CASC) (China), Israel Aerospace Industries Ltd (Israel), Boeing (US), Honeywell International Inc. (US), Lockheed Martin Corporation (US), Northrop Grumman Corporation (US), Mitsubishi Electric Corporation (Japan), Maxar Technologies Ltd (US), Sierra Nevada Corporation (US), and Thales Group (France).

Market Highlights

The growth of the global satellite bus market can be attributed to the increasing adoption of CubeSats as they are equipped with the potential of automated data gathering, warning systems, and enhanced imaging capabilities. These functions assist scientists in performing space exploration and earth monitoring activities with precision and safety. Furthermore, increasing investments by various governments in space projects are propelling market growth. However, the rigid design structure of satellite buses is expected to hamper the market growth as the new players, planning to enter the satellite bus market, do not possess the required technology for manufacturing the specific satellites.

The global satellite bus market has been segmented based on satellite type, subsystem, application, and region.

On the basis of satellite type, the global satellite bus market has been divided into small satellite, medium satellite, and large satellite. The small satellite segment is expected to account for the largest market share and register the highest CAGR during the forecast period of 2019 to 2024. Small satellites include types of satellites such as nanosatellites, microsatellite, and minisatellites. The growing adoption of nanosatellites is driving the growth of the small satellite segment. Nanosatellites weigh less than 1.33 kgs per unit and assist in various activities, such as space research and earth observation. These lightweight satellites offer various benefits such as easy construction of satellites and cost-effectiveness.

On the basis of subsystem, the global satellite bus market has been classified as attitude control system, structures and mechanisms, flight software, thermal control, propulsion, electric power system (EPS), and telemetry tracking and command (TT&C). The electric power system (EPS)segment is expected to account for the largest market share and register the highest CAGR during the forecast period of 2019 to 2024. The EPS supports multiple electricity sources such as fuel and solar.  Furthermore, the EPS are reliable, compatable, and cost-effective.

By application, the global satellite bus market has been categorized as communication, earth observation and meteorology, scientific research and exploration, mapping and navigation, and surveillance and security. The communication segment dominated the market in 2018. However, the earth observation and meteorology segment is expected to be the fastest-growing during the forecast period. Satellite bus assists in observing the earth and track natural resources which is expected to contribute to the growth of the segment over the forecast period. Satellite bus such as AstroBus-XS manufactured by the aeronautics company, Airbus SAS, offers features such as extended swath, increased image size, and the capabilility to acquire more images of the earth in a single day.

Based on region, the global satellite bus market has been segmented into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. The North American market accounted for the largest market share in 2018. However, the market in Asia-Pacific is expected to register the highest CAGR during the forecast period. Increasing adoption of satellites for offering enhanced network connectivity to consumers in rural areas is driving the market growth in the region. For example, in January 2019, China launched the Chang'e 4, a satellite that assists in offering Internet connectivity in rural areas.

Access Report Details @ https://www.marketresearchfuture.com/reports/satellite-bus-market-8093

 

 

Comments

Post a Comment

Popular posts from this blog

GERD and NERD Treatment Market Rising Uptake Of Technology In Medical And Healthcare Sector To Boost Industry’s Growth Market 2019 Market Highlights: GERD & NERD Treatment Market Research Report- Americas forecast till 2023 growing continuously and is expected to grow at a CAGR of 4.02 % from 2017 to 2023. Heartburn is the burning sensation in the chest behind the breastbone that we feel when stomach acid refluxes back into the esophagus (food tube). Increasing prevalence of gastric diseases has increased the investment in GERD medication for research and development. This is expected to further drive the demand for gastroenteric drugs. Major players in GERD & NERD treatment market Some of the major players in this market are ( U.S.), GlaxoSmithKline Plc (U.K), Ironwood Pharmaceuticals, Inc. (U.S.), Jeil pharmaceutical Co. Ltd. (South Korea), Johnson & Johnson (U.S.), Mederi Therapeutics Inc. (U.S.), Medigus Ltd. (Israel), Medtronic Inc. (U.S.), Merck & CO.,...
Read more
Air Ambulance Services Market Size, Share, Trends, Application  Global Air Ambulance Services Market  Overview The Global Air Ambulance Services Market is expected to reach USD 11,456.3 million by 2024 at a CAGR of 2.95% during the forecast period. Air ambulance manufacturers are investing heavily in advanced technologies to reduce costs and improve turnaround time. For instance, 3D printing is dramatically changing the way structures and components of aircraft are currently designed and manufactured. It reduces the design constraints that engineers face when using conventional fabrication techniques. Furthermore, the ability to fabricate functional electronics into complex structures using 3D printing allows manufacturers to offer air ambulances that operate effectively in adverse conditions such as inclement weather, tsunamis, droughts, and cyclones. Global Air Ambulance Services Market  Segmental Analysis The global air ambu...
Read more

Satellite Communication (SATCOM) Market Outlook And Opportunities With Future Growth Scenario By 2027

  Market Forecast The satellite communication (SATCOM) market is projected to register a  CAGR of 8.44%  between  2021 and 2027 .   SATCOM is used for the transmission of information from one place to another with the aid of a satellite that orbits around the Earth. SATCOM is employed for a wide range of mobile applications, including communication to aircraft, ships, vehicles, and hand-held terminals, as well as for TV and radio broadcasting. The increasing deployment of small satellites, growing demand for high-speed Internet, and rising adoption of maritime VSAT are primarily driving the market's growth. Additionally, increasing demand for small form factor SATCOM solutions and frequent launches of military satellitesare driving the global market's growth. Globally, military spending has increased significantly in recent years. Factors such as ongoing conflicts in the Middle East & Africa, long-standing tensions, territorial disputes between ...
Read more