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The global market size for satellite payloads reached a value of more than USD 13.6 billion in 2021. The global satellite payloads market is expected to grow at a CAGR of 6.10% between 2024 and 2032, reaching a value of USD 19.4 billion by 2027.
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.
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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.
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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.
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.
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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.
REPORT FEATURES | DETAILS |
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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:
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Breakup by Payload Type |
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Breakup by Orbit |
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Breakup by Satellite Type |
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Breakup by Frequency Band |
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Breakup by Application |
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Breakup by End Use |
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Breakup by Region |
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Market Dynamics |
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Competitive Landscape |
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Companies Covered |
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*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
The global market size for satellite payloads in 2021 was estimated to be USD 13.6 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 19.4 billion by 2027.
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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