
Satellite Bus Market Report and Forecast 2025-2034
Description
The global satellite bus market attained a value of about USD 14.48 Billion in 2024. The market is further expected to grow in the forecast period of 2025-2034 at a CAGR of 6.00% to reach nearly USD 25.93 Billion by 2034.
Satellite Bus Market Growth
The rising demand for satellites in various end use industries is aiding the growth of the satellite bus industry. As the demand for enhanced data processing and effective global position systems (GPS) is significantly surging, satellites are increasingly deployed for such applications. This, in turn, is escalating the deployment of satellite buses to enable optimal launch and functioning of satellites, which is propelling the market growth. Moreover, the increasing use of small satellites in industries such as communication and IT are surging the requirement for satellite buses to meet mission demands, which is invigorating the market growth. The increasing launches of innovative small satellites by both private and public enterprises are expected to surge the deployment of satellite buses, which is projected to fuel the market growth. Furthermore, the rising demand for commercial-off-the-shelf (COTS) assembled satellite buses to enable the efficient launch of small satellites is expected to aid the market growth. Such developments are anticipated to surge the demand for satellite buses in various industries, such as defence and automotive, among others, and are estimated to fuel the market growth in upcoming years.
Satellite Bus Industry Segmentation
A satellite bus, variously known as a spacecraft bus, refers to the infrastructure of spacecraft. It is deployed as a transport mechanism for space and requires the functioning of various subsystems. A satellite bus minimises the mass of the structure while exerting forces on spacecraft during their launch.
Market Breakup by Subsystem
The initiation of various space missions by governments is augmenting the market growth for satellite bus. Moreover, the development of civilian spacecraft and satellites is providing impetus to the market growth. For instance, SpaceX launched four private citizens into space in September 2021. As optimal launch performance vehicle is crucial to the success of space missions, satellite buses are increasingly deployed to reduce mass, volume, and power consumption of spacecraft. Moreover, the use of satellite buses also surges data memory, battery capacity, and solar array efficiency, which is bolstering the market growth.
The development of advanced satellite buses to meet the rising demand for automation and intelligence is expected to propel the market growth. The increasing data volume is leading to a surge in the requirement of efficient bus management and control systems, which is projected to bolster the growth of the satellite bus industry. Furthermore, the rising demand for enhanced connectivity in satellite buses to optimise communication is estimated to augment the market growth. This is resulting in the digitisation of sensors on satellite buses to boost their compatibility and functionality. Moreover, the growing use of digital sensors to increase the cost-effectiveness and accuracy of satellite sensors is anticipated to aid the growth of the market in upcoming years.
Key Industry Players in the Global Satellite Bus Market
The report presents a detailed analysis of the following key players in the global satellite bus market, looking into their capacity, market shares, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:
Satellite Bus Market Growth
The rising demand for satellites in various end use industries is aiding the growth of the satellite bus industry. As the demand for enhanced data processing and effective global position systems (GPS) is significantly surging, satellites are increasingly deployed for such applications. This, in turn, is escalating the deployment of satellite buses to enable optimal launch and functioning of satellites, which is propelling the market growth. Moreover, the increasing use of small satellites in industries such as communication and IT are surging the requirement for satellite buses to meet mission demands, which is invigorating the market growth. The increasing launches of innovative small satellites by both private and public enterprises are expected to surge the deployment of satellite buses, which is projected to fuel the market growth. Furthermore, the rising demand for commercial-off-the-shelf (COTS) assembled satellite buses to enable the efficient launch of small satellites is expected to aid the market growth. Such developments are anticipated to surge the demand for satellite buses in various industries, such as defence and automotive, among others, and are estimated to fuel the market growth in upcoming years.
Satellite Bus Industry Segmentation
A satellite bus, variously known as a spacecraft bus, refers to the infrastructure of spacecraft. It is deployed as a transport mechanism for space and requires the functioning of various subsystems. A satellite bus minimises the mass of the structure while exerting forces on spacecraft during their launch.
Market Breakup by Subsystem
- Structures
- Thermal Control
- Electric Power System
- Telemetry, Tracking and Command
- Command and Data Handling
- Attitude Determination and Control Subsystem
- Propulsion
- Small Satellites (upto 500 kgs)
- Large Satellites (above 500 kgs)
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
The initiation of various space missions by governments is augmenting the market growth for satellite bus. Moreover, the development of civilian spacecraft and satellites is providing impetus to the market growth. For instance, SpaceX launched four private citizens into space in September 2021. As optimal launch performance vehicle is crucial to the success of space missions, satellite buses are increasingly deployed to reduce mass, volume, and power consumption of spacecraft. Moreover, the use of satellite buses also surges data memory, battery capacity, and solar array efficiency, which is bolstering the market growth.
The development of advanced satellite buses to meet the rising demand for automation and intelligence is expected to propel the market growth. The increasing data volume is leading to a surge in the requirement of efficient bus management and control systems, which is projected to bolster the growth of the satellite bus industry. Furthermore, the rising demand for enhanced connectivity in satellite buses to optimise communication is estimated to augment the market growth. This is resulting in the digitisation of sensors on satellite buses to boost their compatibility and functionality. Moreover, the growing use of digital sensors to increase the cost-effectiveness and accuracy of satellite sensors is anticipated to aid the growth of the market in upcoming years.
Key Industry Players in the Global Satellite Bus Market
The report presents a detailed analysis of the following key players in the global satellite bus market, looking into their capacity, market shares, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:
- Thales Group
- Lockheed Martin Corporation
- Airbus SE
- OHB SE
- Israel Aerospace Industries Ltd.
- Others
Table of Contents
180 Pages
- 1 Executive Summary
- 1.1 Market Size 2024-2025
- 1.2 Market Growth 2025(F)-2034(F)
- 1.3 Key Demand Drivers
- 1.4 Key Players and Competitive Structure
- 1.5 Industry Best Practices
- 1.6 Recent Trends and Developments
- 1.7 Industry Outlook
- 2 Market Overview and Stakeholder Insights
- 2.1 Market Trends
- 2.2 Key Verticals
- 2.3 Key Regions
- 2.4 Supplier Power
- 2.5 Buyer Power
- 2.6 Key Market Opportunities and Risks
- 2.7 Key Initiatives by Stakeholders
- 3 Economic Summary
- 3.1 GDP Outlook
- 3.2 GDP Per Capita Growth
- 3.3 Inflation Trends
- 3.4 Democracy Index
- 3.5 Gross Public Debt Ratios
- 3.6 Balance of Payment (BoP) Position
- 3.7 Population Outlook
- 3.8 Urbanisation Trends
- 4 Country Risk Profiles
- 4.1 Country Risk
- 4.2 Business Climate
- 5 Global Satellite Bus Market Analysis
- 5.1 Key Industry Highlights
- 5.2 Global Satellite Bus Historical Market (2018-2024)
- 5.3 Global Satellite Bus Market Forecast (2025-2034)
- 5.4 Global Satellite Bus Market by Subsystem
- 5.4.1 Structures
- 5.4.1.1 Historical Trend (2018-2024)
- 5.4.1.2 Forecast Trend (2025-2034)
- 5.4.2 Thermal Control
- 5.4.2.1 Historical Trend (2018-2024)
- 5.4.2.2 Forecast Trend (2025-2034)
- 5.4.3 Electric Power System
- 5.4.3.1 Historical Trend (2018-2024)
- 5.4.3.2 Forecast Trend (2025-2034)
- 5.4.4 Telemetry, Tracking and Command
- 5.4.4.1 Historical Trend (2018-2024)
- 5.4.4.2 Forecast Trend (2025-2034)
- 5.4.5 Command and Data Handling
- 5.4.5.1 Historical Trend (2018-2024)
- 5.4.5.2 Forecast Trend (2025-2034)
- 5.4.6 Attitude Determination and Control Subsystem
- 5.4.6.1 Historical Trend (2018-2024)
- 5.4.6.2 Forecast Trend (2025-2034)
- 5.4.7 Propulsion
- 5.4.7.1 Historical Trend (2018-2024)
- 5.4.7.2 Forecast Trend (2025-2034)
- 5.5 Global Satellite Bus Market by Satellite Size
- 5.5.1 Small Satellites (upto 500 kgs)
- 5.5.1.1 Historical Trend (2018-2024)
- 5.5.1.2 Forecast Trend (2025-2034)
- 5.5.2 Large Satellites (above 500 kgs)
- 5.5.2.1 Historical Trend (2018-2024)
- 5.5.2.2 Forecast Trend (2025-2034)
- 5.6 Global Satellite Bus Market by Region
- 5.6.1 North America
- 5.6.1.1 Historical Trend (2018-2024)
- 5.6.1.2 Forecast Trend (2025-2034)
- 5.6.2 Europe
- 5.6.2.1 Historical Trend (2018-2024)
- 5.6.2.2 Forecast Trend (2025-2034)
- 5.6.3 Asia Pacific
- 5.6.3.1 Historical Trend (2018-2024)
- 5.6.3.2 Forecast Trend (2025-2034)
- 5.6.4 Latin America
- 5.6.4.1 Historical Trend (2018-2024)
- 5.6.4.2 Forecast Trend (2025-2034)
- 5.6.5 Middle East and Africa
- 5.6.5.1 Historical Trend (2018-2024)
- 5.6.5.2 Forecast Trend (2025-2034)
- 6 North America Satellite Bus Market Analysis
- 6.1 United States of America
- 6.1.1 Historical Trend (2018-2024)
- 6.1.2 Forecast Trend (2025-2034)
- 6.2 Canada
- 6.2.1 Historical Trend (2018-2024)
- 6.2.2 Forecast Trend (2025-2034)
- 7 Europe Satellite Bus Market Analysis
- 7.1 United Kingdom
- 7.1.1 Historical Trend (2018-2024)
- 7.1.2 Forecast Trend (2025-2034)
- 7.2 Germany
- 7.2.1 Historical Trend (2018-2024)
- 7.2.2 Forecast Trend (2025-2034)
- 7.3 France
- 7.3.1 Historical Trend (2018-2024)
- 7.3.2 Forecast Trend (2025-2034)
- 7.4 Italy
- 7.4.1 Historical Trend (2018-2024)
- 7.4.2 Forecast Trend (2025-2034)
- 7.5 Others
- 8 Asia Pacific Satellite Bus Market Analysis
- 8.1 China
- 8.1.1 Historical Trend (2018-2024)
- 8.1.2 Forecast Trend (2025-2034)
- 8.2 Japan
- 8.2.1 Historical Trend (2018-2024)
- 8.2.2 Forecast Trend (2025-2034)
- 8.3 India
- 8.3.1 Historical Trend (2018-2024)
- 8.3.2 Forecast Trend (2025-2034)
- 8.4 ASEAN
- 8.4.1 Historical Trend (2018-2024)
- 8.4.2 Forecast Trend (2025-2034)
- 8.5 Australia
- 8.5.1 Historical Trend (2018-2024)
- 8.5.2 Forecast Trend (2025-2034)
- 8.6 Others
- 9 Latin America Satellite Bus Market Analysis
- 9.1 Brazil
- 9.1.1 Historical Trend (2018-2024)
- 9.1.2 Forecast Trend (2025-2034)
- 9.2 Argentina
- 9.2.1 Historical Trend (2018-2024)
- 9.2.2 Forecast Trend (2025-2034)
- 9.3 Mexico
- 9.3.1 Historical Trend (2018-2024)
- 9.3.2 Forecast Trend (2025-2034)
- 9.4 Others
- 10 Middle East and Africa Satellite Bus Market Analysis
- 10.1 Saudi Arabia
- 10.1.1 Historical Trend (2018-2024)
- 10.1.2 Forecast Trend (2025-2034)
- 10.2 United Arab Emirates
- 10.2.1 Historical Trend (2018-2024)
- 10.2.2 Forecast Trend (2025-2034)
- 10.3 Nigeria
- 10.3.1 Historical Trend (2018-2024)
- 10.3.2 Forecast Trend (2025-2034)
- 10.4 South Africa
- 10.4.1 Historical Trend (2018-2024)
- 10.4.2 Forecast Trend (2025-2034)
- 10.5 Others
- 11 Market Dynamics
- 11.1 SWOT Analysis
- 11.1.1 Strengths
- 11.1.2 Weaknesses
- 11.1.3 Opportunities
- 11.1.4 Threats
- 11.2 Porter’s Five Forces Analysis
- 11.2.1 Supplier’s Power
- 11.2.2 Buyer’s Power
- 11.2.3 Threat of New Entrants
- 11.2.4 Degree of Rivalry
- 11.2.5 Threat of Substitutes
- 11.3 Key Indicators for Demand
- 11.4 Key Indicators for Price
- 12 Competitive Landscape
- 12.1 Supplier Selection
- 12.2 Key Global Players
- 12.3 Key Regional Players
- 12.4 Key Player Strategies
- 12.5 Company Profiles
- 12.5.1 Thales Group
- 12.5.1.1 Company Overview
- 12.5.1.2 Product Portfolio
- 12.5.1.3 Demographic Reach and Achievements
- 12.5.1.4 Certifications
- 12.5.2 Lockheed Martin Corporation
- 12.5.2.1 Company Overview
- 12.5.2.2 Product Portfolio
- 12.5.2.3 Demographic Reach and Achievements
- 12.5.2.4 Certifications
- 12.5.3 Airbus SE
- 12.5.3.1 Company Overview
- 12.5.3.2 Product Portfolio
- 12.5.3.3 Demographic Reach and Achievements
- 12.5.3.4 Certifications
- 12.5.4 OHB SE
- 12.5.4.1 Company Overview
- 12.5.4.2 Product Portfolio
- 12.5.4.3 Demographic Reach and Achievements
- 12.5.4.4 Certifications
- 12.5.5 Israel Aerospace Industries Ltd.
- 12.5.5.1 Company Overview
- 12.5.5.2 Product Portfolio
- 12.5.5.3 Demographic Reach and Achievements
- 12.5.5.4 Certifications
- 12.5.6 Others
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