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Satellite Payloads Market

Global Satellite Payloads Market Share, Size, Trends, Growth, Analysis: By Payload Type: Communication, Imaging, Navigation, Others; By Orbit: Low Earth Orbit (LEO), Medium Earth Orbit (MEO), Geostationary Earth Orbit (GEO); By Satellite Type; By Frequency Band; By Application; By End Use; Regional Analysis; Competitive Landscape; 2024-2032

Global Satellite Payloads Market Outlook

The global market size for satellite payloads reached a value of more than USD 15.31 billion in 2023. The global satellite payloads market is expected to grow at a CAGR of 6.10% between 2024 and 2032, reaching a value of USD 26.08 billion by 2032.

 

Key Trends in the Market

Satellite payloads refer to the various types of equipment a satellite is carrying so that it can carry out the tasks required from the satellite. The payloads can include specific radio technologies, cameras, transponders, spectrometers, and repeaters, along with other systems that support mission intentions. Ground equipment as well as telecommunication systems are used for transmissions to mission control to monitor and manage outcomes.

 

  • The growing innovations in navigation and communication applications like radio frequency payload systems, advanced regenerative payloads, and flexible payloads are driving the satellite payloads market growth across the globe.
  • With the development of sensors and small radar cameras that are connected to huge satellites for delivering high-quality images, the market growth of satellite payloads is likely to propel. Smaller equipment and sensors save space and reduce weight on satellites.
  • The increasing demand for flexible payloads is expected to witness market growth over the coming years. This is due to an increase in demand for various applications of satellites worldwide.

 

satellite payloads market

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Market Analysis

Based on payload type, the market can be segmented into communication, imaging, and navigation, among others. On the basis of orbit, the market is categorised into low earth orbit (LEO), medium earth orbit (MEO), and geostationary earth orbit (GEO). 

 

Based on satellite type, the market is segmented into CubeSats, small satellites, medium satellites, and large satellites. By frequency band, the market is classified into C, K/KU/KA Band, S and L Band, X Band, and VHF and UHF Band, among others. 

 

On the basis of application, the market is segmented into satellite communication, earth observation and remote sensing, mapping and navigation, science and exploration, and space observation, among others. Based on end-use, the market is categorised into commercial, academic, and government and military, among others. The regional markets for the satellite payloads market can be divided into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. 

 

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the global satellite payloads market, covering their competitive landscape and latest developments like mergers, acquisitions, investments and expansion plans. 

 

  • Airbus SE
  • The Boeing Company
  • Lockheed Martin Corporation
  • Honeywell International Inc.
  • Northrop Grumman Corporation
  • Mitsubishi Electric Corporation
  • Viasat Inc.
  • General Dynamics Mission Systems
  • Others

 

satellite payloads market by segments

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Market Share by Orbit

The low earth orbit (LEO) segment is expected to gain momentum in the satellite payloads market across the region on account of the increasing number of LEO satellites enhancing the opportunities for service providers. Such satellites deliver a clear portrait of the earth’s surface with minute levels of detail, encouraging the growth of the segment over the coming years. Moreover, low earth orbit satellite payloads also offer end users cost-effective space quality, low-risk access to orbit, mission continuity competence, and efficient in-orbit data.

 

Market Share by Region

Geographically, the North American region is expected to augment the satellite payloads market share on account of the high number of satellite launches witnessed in the region, especially in the United States. The growing launch of military communication satellites by the United States military is likely to boost communication with soldiers and is likely to support data, video, and voice connectivity across a huge array of ground based as well as mobile terminals. 

 

The strong presence of significant market players along with the rise in spending on space technologies by governments is likely to drive market growth in North America. Meanwhile, Europe is expected to register growth in the market of satellite payloads on account of the rise in commercialisation of space along with the growing space industry across the region.

 

satellite payloads market by region

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Competitive Landscape

Airbus SE is a leader in the design, manufacture, and delivery of aerospace products, services, and solutions for consumers on a global scale. Airbus is leading the aviation industry with a large number of employees and is also considered to be Europe’s largest aeronautics and space company. The company builds advanced commercial aircrafts accounting for a large share of commercial airliner orders. 

 

The Boeing Company is a leading worldwide aerospace company. It manufactures, services, and develops defence products, space systems, and commercial airplanes for consumers in several countries. As a leading United States exporter with a worldwide manufacturing base, it aims to improve economic sustainability, opportunity, as well as community impact. 

 

Lockheed Martin Corporation is a worldwide aerospace and security company that employs numerous people across the globe. It is primarily engaged in the research, design, development, manufacture, sustainment, and integration of advanced technology systems, products, and services.

 

Other market players include Honeywell International Inc., Northrop Grumman Corporation, Mitsubishi Electric Corporation, Viasat Inc., and General Dynamics Mission Systems, among others.

 

Key Highlights of the Report

REPORT FEATURES DETAILS
Base Year 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:

  • Payload Type
  • Orbit
  • Satellite Type
  • Frequency Band
  • Application
  • End Use
  • Region
Breakup by Payload Type
  • Communication
  • Imaging
  • Navigation
  • Others
Breakup by Orbit
  • Low Earth Orbit (LEO)
  • Medium Earth Orbit (MEO)
  • Geostationary Earth Orbit (GEO)
Breakup by Satellite Type
  • CubeSats
  • Small Satellites
  • Medium Satellites
  • Large Satellites
Breakup by Frequency Band
  • C, K/KU/KA Band
  • S and L Band
  • X Band
  • VHF and UHF Band
  • Others
Breakup by Application
  • Satellite Communication
  • Earth Observation and Remote Sensing
  • Mapping and Navigation
  • Science and Exploration
  • Space Observation
  • Others
Breakup by End Use
  • Commercial
  • Academic
  • Government and Military
  • Others
Breakup by Region
  • North America
    • United States of America 
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Italy
    • Others
  • Asia Pacific
    • China
    • Japan
    • India
    • ASEAN
    • Australia
    • Others
  • Latin America
    • Brazil
    • Argentina
    • Mexico
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • United Arab Emirates
    • Nigeria
    • South Africa
    • Others
Market Dynamics
  • SWOT
  • Porter's Five Forces
  • Key Indicators for Demand
  • Key Indicators for Price
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • Airbus SE
  • The Boeing Company
  • Lockheed Martin Corporation
  • Honeywell International Inc.
  • Northrop Grumman Corporation
  • Mitsubishi Electric Corporation
  • Viasat Inc.
  • General Dynamics Mission Systems
  • Others

 

*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.

1    Preface
2    Report Coverage – Key Segmentation and Scope
3    Report Description

    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Market Players
4    Key Assumptions
5    Executive Summary

    5.1    Overview
    5.2    Key Drivers
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Market Snapshot
7    Industry Opportunities and Challenges
8    Global Satellite Payloads Market Analysis

    8.1    Key Industry Highlights
    8.2    Global Satellite Payloads Historical Market (2018-2023) 
    8.3    Global Satellite Payloads Market Forecast (2024-2032)
    8.4    Global Satellite Payloads Market by Payload Type
        8.4.1    Communication
            8.4.1.1    Market Share
            8.4.1.2    Historical Trend (2018-2023)
            8.4.1.3    Forecast Trend (2024-2032)
        8.4.2    Imaging
            8.4.2.1    Market Share
            8.4.2.2    Historical Trend (2018-2023)
            8.4.2.3    Forecast Trend (2024-2032)
        8.4.3    Navigation
            8.4.3.1    Market Share
            8.4.3.2    Historical Trend (2018-2023)
            8.4.3.3    Forecast Trend (2024-2032)
        8.4.4    Others
    8.5    Global Satellite Payloads Market by Orbit
        8.5.1    Low Earth Orbit (LEO)
            8.5.1.1    Market Share
            8.5.1.2    Historical Trend (2018-2023)
            8.5.1.3    Forecast Trend (2024-2032)
        8.5.2    Medium Earth Orbit (MEO)
            8.5.2.1    Market Share
            8.5.2.2    Historical Trend (2018-2023)
            8.5.2.3    Forecast Trend (2024-2032)
        8.5.3    Geostationary Earth Orbit (GEO)
            8.5.3.1    Market Share
            8.5.3.2    Historical Trend (2018-2023)
            8.5.3.3    Forecast Trend (2024-2032)
    8.6    Global Satellite Payloads Market by Satellite Type
        8.6.1    CubeSats
            8.6.1.1    Market Share
            8.6.1.2    Historical Trend (2018-2023)
            8.6.1.3    Forecast Trend (2024-2032)
        8.6.2    Small Satellites
            8.6.2.1    Market Share
            8.6.2.2    Historical Trend (2018-2023)
            8.6.2.3    Forecast Trend (2024-2032)
        8.6.3    Medium Satellites
            8.6.3.1    Market Share
            8.6.3.2    Historical Trend (2018-2023)
            8.6.3.3    Forecast Trend (2024-2032)
        8.6.4    Large Satellites
            8.6.4.1    Market Share
            8.6.4.2    Historical Trend (2018-2023)
            8.6.4.3    Forecast Trend (2024-2032)
    8.7    Global Satellite Payloads Market by Frequency Band
        8.7.1    C, K/KU/KA Band
            8.7.1.1    Market Share
            8.7.1.2    Historical Trend (2018-2023)
            8.7.1.3    Forecast Trend (2024-2032)
        8.7.2    S and L Band
            8.7.2.1    Market Share
            8.7.2.2    Historical Trend (2018-2023)
            8.7.2.3    Forecast Trend (2024-2032)
        8.7.3    X Band
            8.7.3.1    Market Share
            8.7.3.2    Historical Trend (2018-2023)
            8.7.3.3    Forecast Trend (2024-2032)
        8.7.4    VHF and UHF Band
            8.7.4.1    Market Share
            8.7.4.2    Historical Trend (2018-2023)
            8.7.4.3    Forecast Trend (2024-2032)
        8.7.5    Others
    8.8    Global Satellite Payloads Market by Application
        8.8.1    Satellite Communication
            8.8.1.1    Market Share
            8.8.1.2    Historical Trend (2018-2023)
            8.8.1.3    Forecast Trend (2024-2032)
        8.8.2    Earth Observation and Remote Sensing
            8.8.2.1    Market Share
            8.8.2.2    Historical Trend (2018-2023)
            8.8.2.3    Forecast Trend (2024-2032)
        8.8.3    Mapping and Navigation
            8.8.3.1    Market Share
            8.8.3.2    Historical Trend (2018-2023)
            8.8.3.3    Forecast Trend (2024-2032)
        8.8.4    Science and Exploration
            8.8.4.1    Market Share
            8.8.4.2    Historical Trend (2018-2023)
            8.8.4.3    Forecast Trend (2024-2032)
        8.8.5    Space Observation
            8.8.5.1    Historical Trend (2018-2023)
            8.8.5.2    Forecast Trend (2024-2032)
        8.8.6    Others
    8.9    Global Satellite Payloads Market by End Use
        8.9.1    Commercial
            8.9.1.1    Market Share
            8.9.1.2    Historical Trend (2018-2023)
            8.9.1.3    Forecast Trend (2024-2032)
        8.9.2    Academic
            8.9.2.1    Market Share
            8.9.2.2    Historical Trend (2018-2023)
            8.9.2.3    Forecast Trend (2024-2032)
        8.9.3    Government and Military
            8.9.3.1    Market Share
            8.9.3.2    Historical Trend (2018-2023)
            8.9.3.3    Forecast Trend (2024-2032)
        8.9.4    Others
    8.10    Global Satellite Payloads Market by Region
        8.10.1    North America
            8.10.1.1    Market Share
            8.10.1.2    Historical Trend (2018-2023)
            8.10.1.3    Forecast Trend (2024-2032)
        8.10.2    Europe
            8.10.2.1    Market Share
            8.10.2.2    Historical Trend (2018-2023)
            8.10.2.3    Forecast Trend (2024-2032)
        8.10.3    Asia Pacific
            8.10.3.1    Market Share
            8.10.3.2    Historical Trend (2018-2023)
            8.10.3.3    Forecast Trend (2024-2032)
        8.10.4    Latin America
            8.10.4.1    Market Share
            8.10.4.2    Historical Trend (2018-2023)
            8.10.4.3    Forecast Trend (2024-2032)
        8.10.5    Middle East and Africa
            8.10.5.1    Market Share
            8.10.5.2    Historical Trend (2018-2023)
            8.10.5.3    Forecast Trend (2024-2032)
9    North America Satellite Payloads Market Analysis
    9.1    United States of America 
        9.1.1    Market Share
        9.1.2    Historical Trend (2018-2023) 
        9.1.3    Forecast Trend (2024-2032)
    9.2    Canada
        9.2.1    Market Share
        9.2.2    Historical Trend (2018-2023) 
        9.2.3    Forecast Trend (2024-2032)
10    Europe Satellite Payloads Market Analysis
    10.1    United Kingdom
        10.1.1    Market Share
        10.1.2    Historical Trend (2018-2023) 
        10.1.3    Forecast Trend (2024-2032)
    10.2    Germany
        10.2.1    Market Share
        10.2.2    Historical Trend (2018-2023) 
        10.2.3    Forecast Trend (2024-2032)
    10.3    France
        10.3.1    Market Share
        10.3.2    Historical Trend (2018-2023) 
        10.3.3    Forecast Trend (2024-2032)
    10.4    Italy
        10.4.1    Market Share
        10.4.2    Historical Trend (2018-2023) 
        10.4.3    Forecast Trend (2024-2032)
    10.5    Others
11    Asia Pacific Satellite Payloads Market Analysis
    11.1    China
        11.1.1    Market Share
        11.1.2    Historical Trend (2018-2023) 
        11.1.3    Forecast Trend (2024-2032)
    11.2    Japan
        11.2.1    Market Share
        11.2.2    Historical Trend (2018-2023) 
        11.2.3    Forecast Trend (2024-2032)
    11.3    India
        11.3.1    Market Share
        11.3.2    Historical Trend (2018-2023) 
        11.3.3    Forecast Trend (2024-2032)
    11.4    ASEAN
        11.4.1    Market Share
        11.4.2    Historical Trend (2018-2023) 
        11.4.3    Forecast Trend (2024-2032)
    11.5    Australia
        11.5.1    Market Share
        11.5.2    Historical Trend (2018-2023) 
        11.5.3    Forecast Trend (2024-2032)
    11.6    Others
12    Latin America Satellite Payloads Market Analysis
    12.1    Brazil
        12.1.1    Market Share
        12.1.2    Historical Trend (2018-2023) 
        12.1.3    Forecast Trend (2024-2032)
    12.2    Argentina
        12.2.1    Market Share
        12.2.2    Historical Trend (2018-2023) 
        12.2.3    Forecast Trend (2024-2032)
    12.3    Mexico
        12.3.1    Market Share
        12.3.2    Historical Trend (2018-2023) 
        12.3.3    Forecast Trend (2024-2032)
    12.4    Others
13    Middle East and Africa Satellite Payloads Market Analysis
    13.1    Saudi Arabia
        13.1.1    Market Share
        13.1.2    Historical Trend (2018-2023) 
        13.1.3    Forecast Trend (2024-2032)
    13.2    United Arab Emirates
        13.2.1    Market Share
        13.2.2    Historical Trend (2018-2023) 
        13.2.3    Forecast Trend (2024-2032)
    13.3    Nigeria
        13.3.1    Market Share
        13.3.2    Historical Trend (2018-2023) 
        13.3.3    Forecast Trend (2024-2032)
    13.4    South Africa
        13.4.1    Market Share
        13.4.2    Historical Trend (2018-2023) 
        13.4.3    Forecast Trend (2024-2032)
    13.5    Others
14    Market Dynamics
    14.1    SWOT Analysis
        14.1.1    Strengths
        14.1.2    Weaknesses
        14.1.3    Opportunities
        14.1.4    Threats
    14.2    Porter’s Five Forces Analysis
        14.2.1    Supplier’s Power
        14.2.2    Buyer’s Power
        14.2.3    Threat of New Entrants
        14.2.4    Degree of Rivalry
        14.2.5    Threat of Substitutes
15    Competitive Landscape
    15.1    Market Structure
    15.2    Company Profiles
        15.2.1    Airbus SE
            15.2.1.1    Company Overview
            15.2.1.2    Product Portfolio
            15.2.1.3    Demographic Reach and Achievements
            15.2.1.4    Certifications
        15.2.2    The Boeing Company
            15.2.2.1    Company Overview
            15.2.2.2    Product Portfolio
            15.2.2.3    Demographic Reach and Achievements
            15.2.2.4    Certifications
        15.2.3    Lockheed Martin Corporation
            15.2.3.1    Company Overview
            15.2.3.2    Product Portfolio
            15.2.3.3    Demographic Reach and Achievements
            15.2.3.4    Certifications
        15.2.4    Honeywell International Inc.
            15.2.4.1    Company Overview
            15.2.4.2    Product Portfolio
            15.2.4.3    Demographic Reach and Achievements
            15.2.4.4    Certifications
        15.2.5    Northrop Grumman Corporation
            15.2.5.1    Company Overview
            15.2.5.2    Product Portfolio
            15.2.5.3    Demographic Reach and Achievements
            15.2.5.4    Certifications
        15.2.6    Mitsubishi Electric Corporation
            15.2.6.1    Company Overview
            15.2.6.2    Product Portfolio
            15.2.6.3    Demographic Reach and Achievements
            15.2.6.4    Certifications
        15.2.7    Viasat Inc.
            15.2.7.1    Company Overview
            15.2.7.2    Product Portfolio
            15.2.7.3    Demographic Reach and Achievements
            15.2.7.4    Certifications
        15.2.8    General Dynamics Mission Systems
            15.2.8.1    Company Overview
            15.2.8.2    Product Portfolio
            15.2.8.3    Demographic Reach and Achievements
            15.2.8.4    Certifications
        15.2.9    Others
16    Key Trends and Developments in the Market

 

List of Key Figures and Tables

1.    Global Satellite Payloads Market: Key Industry Highlights, 2018 and 2032
2.    Global Satellite Payloads Historical Market: Breakup by Payload Type (USD Million), 2018-2023
3.    Global Satellite Payloads Market Forecast: Breakup by Payload Type (USD Million), 2024-2032
4.    Global Satellite Payloads Historical Market: Breakup by Orbit (USD Million), 2018-2023
5.    Global Satellite Payloads Market Forecast: Breakup by Orbit (USD Million), 2024-2032
6.    Global Satellite Payloads Historical Market: Breakup by Satellite Type (USD Million), 2018-2023
7.    Global Satellite Payloads Market Forecast: Breakup by Satellite Type (USD Million), 2024-2032
8.    Global Satellite Payloads Historical Market: Breakup by Application (USD Million), 2018-2023
9.    Global Satellite Payloads Market Forecast: Breakup by Application (USD Million), 2024-2032
10.    Global Satellite Payloads Historical Market: Breakup by End Use (USD Million), 2018-2023
11.    Global Satellite Payloads Market Forecast: Breakup by End Use (USD Million), 2024-2032
12.    Global Satellite Payloads Historical Market: Breakup by Region (USD Million), 2018-2023
13.    Global Satellite Payloads Market Forecast: Breakup by Region (USD Million), 2024-2032
14.    North America Satellite Payloads Historical Market: Breakup by Country (USD Million), 2018-2023
15.    North America Satellite Payloads Market Forecast: Breakup by Country (USD Million), 2024-2032
16.    Europe Satellite Payloads Historical Market: Breakup by Country (USD Million), 2018-2023
17.    Europe Satellite Payloads Market Forecast: Breakup by Country (USD Million), 2024-2032
18.    Asia Pacific Satellite Payloads Historical Market: Breakup by Country (USD Million), 2018-2023
19.    Asia Pacific Satellite Payloads Market Forecast: Breakup by Country (USD Million), 2024-2032
20.    Latin America Satellite Payloads Historical Market: Breakup by Country (USD Million), 2018-2023
21.    Latin America Satellite Payloads Market Forecast: Breakup by Country (USD Million), 2024-2032
22.    Middle East and Africa Satellite Payloads Historical Market: Breakup by Country (USD Million), 2018-2023
23.    Middle East and Africa Satellite Payloads Market Forecast: Breakup by Country (USD Million), 2024-2032
24.    Global Satellite Payloads Market Structure

Key Questions Answered in the Report

The global market size for satellite payloads in 2023 was estimated to be USD 15.31 billion.

The market is assessed to grow at a CAGR of 6.10% between 2024 and 2032.

The global market for satellite payloads is expected to reach a value of USD 26.08 billion by 2032.

The major market drivers are the increasing applications of satellite payloads and the rise in the commercialisation of space.

The key satellite payloads market trends include rapid technological advancements, frequent satellite launches, and lowering costs.

The various payload types in the market include communication, imaging, and navigation, among others.

The primary orbits for satellite payloads include low earth orbit (LEO), medium earth orbit (MEO), and geostationary earth orbit (GEO).

The various applications in the market for satellite payloads include satellite communication, earth observation and remote sensing, mapping and navigation, science and exploration, and space observation, among others.

The major players in the market are Airbus SE, The Boeing Company, Lockheed Martin Corporation, Honeywell International Inc., Northrop Grumman Corporation, Mitsubishi Electric Corporation, Viasat Inc., and General Dynamics Mission Systems, among others.

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