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Satellite Payload Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

Publisher IMARC Services Pvt. Ltd.
Published Jan 16, 2023
Length 147 Pages
SKU # IMRC17678585

Description

Satellite Payload Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

The global satellite payload market size reached US$ 16.6 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 23.5 Billion by 2028, exhibiting a growth rate (CAGR) of 6.1% during 2023-2028.

Satellite payloads refer to core functional and operational components of the satellite assembly. The payload provides communication capabilities while the satellite is in orbit. It shares the power supply and transponder of the satellite but have independent communication circuitry and operating systems. It is integrated into the cube, small, medium, and large satellites and consists of antennas, cameras, thermal infrared spectrometers, photometers, transponders and repeaters. The payloads are commonly used for navigation, communication, remote sensing, space exploration and imaging and the obtained data is transferred to the ground receiver for further processing. They can also include cargo, passengers, flight crew, ammunition and scientific instruments for research and experimentation.

Satellite Payload Market Trends:
Significant growth in the aerospace industry across the globe is one of the key factors creating a positive outlook for the market. Moreover, the rising demand for low Earth orbit (LEO)-based and earth observation imagery payloads is providing a thrust to the market growth. The satellite payloads are widely used for generating images of land, water and forest resources, which are further utilized for the monitoring of agricultural lands, tracking of climatic changes and disaster mitigation. In line with this, the increasing requirement for intelligence gathering, reconnaissance and imaging technologies for air surveillance is also contributing to the growth of the market. Various technological advancements, such as the development of artificial intelligence (AI) and cloud-enabled software-defined radio payloads, for enhanced flexibility in space missions, are acting as other growth-inducing factors. These payloads can be reprogrammed and reconfigured as per the specific mission requirements and can facilitate advanced satellite communications. Other factors, including the rapid miniaturization of satellite components, along with extensive research and development (R&D) activities in the field of space technologies, are anticipated to drive the market toward growth.

Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global satellite payload market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on type, orbit, frequency band, application and end user.

Breakup by Type:

Minisatellite
Microsatellite
Nanosatellite
Others

Breakup by Orbit:

Low Earth Orbit (LEO)
Medium Earth Orbit (MEO)
Geostationary Earth Orbit (GEO)
Beyond Geosynchronous Orbit

Breakup by Frequency Band:

C, K/KU/KA Band
S and L Band
X Band
VHF and UHF Band
Others

Breakup by Application:

Earth Observation and Remote Sensing
Satellite Communication
Science and Exploration
Mapping and Navigation
Space Observation
Others

Breakup by End User:

Commercial
Academic
Government and Military
Others

Breakup by Region:

North America
United States
Canada
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa

Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being Airbus SE, Gomspace A/S, Honeywell International Inc., L3harris Technologies Inc., Lockheed Martin Corporation, Maxar Technologies Inc., Mitsubishi Electric Corporation, Northrop Grumman Corporation, Sierra Nevada Corporation, Thales Group, The Aerospace Corporation and The Boeing Company.

Key Questions Answered in This Report
1. What was the size of the global satellite payload market in 2022?
2. What is the expected growth rate of the global satellite payload market during 2023-2028?
3. What are the key factors driving the global satellite payload market?
4. What has been the impact of COVID-19 on the global satellite payload market?
5. What is the breakup of the global satellite payload market based on the type?
6. What is the breakup of the global satellite payload market based on the orbit?
7. What is the breakup of the global satellite payload market based on the application?
8. What is the breakup of the global satellite payload market based on the end user?
9. What are the key regions in the global satellite payload market?
10. Who are the key players/companies in the global satellite payload market?

Table of Contents

147 Pages
1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Satellite Payload Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Type
6.1 Minisatellite
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Microsatellite
6.2.1 Market Trends
6.2.2 Market Forecast
6.3 Nanosatellite
6.3.1 Market Trends
6.3.2 Market Forecast
6.4 Others
6.4.1 Market Trends
6.4.2 Market Forecast
7 Market Breakup by Orbit
7.1 Low Earth Orbit (LEO)
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Medium Earth Orbit (MEO)
7.2.1 Market Trends
7.2.2 Market Forecast
7.3 Geostationary Earth Orbit (GEO)
7.3.1 Market Trends
7.3.2 Market Forecast
7.4 Beyond Geosynchronous Orbit
7.4.1 Market Trends
7.4.2 Market Forecast
8 Market Breakup by Frequency Band
8.1 C, K/KU/KA Band
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 S and L Band
8.2.1 Market Trends
8.2.2 Market Forecast
8.3 X Band
8.3.1 Market Trends
8.3.2 Market Forecast
8.4 VHF and UHF Band
8.4.1 Market Trends
8.4.2 Market Forecast
8.5 Others
8.5.1 Market Trends
8.5.2 Market Forecast
9 Market Breakup by Application
9.1 Earth Observation and Remote Sensing
9.1.1 Market Trends
9.1.2 Market Forecast
9.2 Satellite Communication
9.2.1 Market Trends
9.2.2 Market Forecast
9.3 Science and Exploration
9.3.1 Market Trends
9.3.2 Market Forecast
9.4 Mapping and Navigation
9.4.1 Market Trends
9.4.2 Market Forecast
9.5 Space Observation
9.5.1 Market Trends
9.5.2 Market Forecast
9.6 Others
9.6.1 Market Trends
9.6.2 Market Forecast
10 Market Breakup by End User
10.1 Commercial
10.1.1 Market Trends
10.1.2 Market Forecast
10.2 Academic
10.2.1 Market Trends
10.2.2 Market Forecast
10.3 Government and Military
10.3.1 Market Trends
10.3.2 Market Forecast
10.4 Others
10.4.1 Market Trends
10.4.2 Market Forecast
11 Market Breakup by Region
11.1 North America
11.1.1 United States
11.1.1.1 Market Trends
11.1.1.2 Market Forecast
11.1.2 Canada
11.1.2.1 Market Trends
11.1.2.2 Market Forecast
11.2 Asia-Pacific
11.2.1 China
11.2.1.1 Market Trends
11.2.1.2 Market Forecast
11.2.2 Japan
11.2.2.1 Market Trends
11.2.2.2 Market Forecast
11.2.3 India
11.2.3.1 Market Trends
11.2.3.2 Market Forecast
11.2.4 South Korea
11.2.4.1 Market Trends
11.2.4.2 Market Forecast
11.2.5 Australia
11.2.5.1 Market Trends
11.2.5.2 Market Forecast
11.2.6 Indonesia
11.2.6.1 Market Trends
11.2.6.2 Market Forecast
11.2.7 Others
11.2.7.1 Market Trends
11.2.7.2 Market Forecast
11.3 Europe
11.3.1 Germany
11.3.1.1 Market Trends
11.3.1.2 Market Forecast
11.3.2 France
11.3.2.1 Market Trends
11.3.2.2 Market Forecast
11.3.3 United Kingdom
11.3.3.1 Market Trends
11.3.3.2 Market Forecast
11.3.4 Italy
11.3.4.1 Market Trends
11.3.4.2 Market Forecast
11.3.5 Spain
11.3.5.1 Market Trends
11.3.5.2 Market Forecast
11.3.6 Russia
11.3.6.1 Market Trends
11.3.6.2 Market Forecast
11.3.7 Others
11.3.7.1 Market Trends
11.3.7.2 Market Forecast
11.4 Latin America
11.4.1 Brazil
11.4.1.1 Market Trends
11.4.1.2 Market Forecast
11.4.2 Mexico
11.4.2.1 Market Trends
11.4.2.2 Market Forecast
11.4.3 Others
11.4.3.1 Market Trends
11.4.3.2 Market Forecast
11.5 Middle East and Africa
11.5.1 Market Trends
11.5.2 Market Breakup by Country
11.5.3 Market Forecast
12 SWOT Analysis
12.1 Overview
12.2 Strengths
12.3 Weaknesses
12.4 Opportunities
12.5 Threats
13 Value Chain Analysis
14 Porters Five Forces Analysis
14.1 Overview
14.2 Bargaining Power of Buyers
14.3 Bargaining Power of Suppliers
14.4 Degree of Competition
14.5 Threat of New Entrants
14.6 Threat of Substitutes
15 Price Analysis
16 Competitive Landscape
16.1 Market Structure
16.2 Key Players
16.3 Profiles of Key Players
16.3.1 Airbus SE
16.3.1.1 Company Overview
16.3.1.2 Product Portfolio
16.3.1.3 Financials
16.3.1.4 SWOT Analysis
16.3.2 Gomspace A/S
16.3.2.1 Company Overview
16.3.2.2 Product Portfolio
16.3.3 Honeywell International Inc.
16.3.3.1 Company Overview
16.3.3.2 Product Portfolio
16.3.3.3 Financials
16.3.3.4 SWOT Analysis
16.3.4 L3harris Technologies Inc.
16.3.4.1 Company Overview
16.3.4.2 Product Portfolio
16.3.4.3 Financials
16.3.5 Lockheed Martin Corporation
16.3.5.1 Company Overview
16.3.5.2 Product Portfolio
16.3.5.3 Financials
16.3.5.4 SWOT Analysis
16.3.6 Maxar Technologies Inc.
16.3.6.1 Company Overview
16.3.6.2 Product Portfolio
16.3.6.3 Financials
16.3.7 Mitsubishi Electric Corporation
16.3.7.1 Company Overview
16.3.7.2 Product Portfolio
16.3.7.3 Financials
16.3.7.4 SWOT Analysis
16.3.8 Northrop Grumman Corporation
16.3.8.1 Company Overview
16.3.8.2 Product Portfolio
16.3.8.3 Financials
16.3.8.4 SWOT Analysis
16.3.9 Sierra Nevada Corporation
16.3.9.1 Company Overview
16.3.9.2 Product Portfolio
16.3.10 Thales Group
16.3.10.1 Company Overview
16.3.10.2 Product Portfolio
16.3.10.3 Financials
16.3.10.4 SWOT Analysis
16.3.11 The Aerospace Corporation
16.3.11.1 Company Overview
16.3.11.2 Product Portfolio
16.3.11.3 SWOT Analysis
16.3.12 The Boeing Company
16.3.12.1 Company Overview
16.3.12.2 Product Portfolio
16.3.12.3 Financials
16.3.12.4 SWOT Analysis

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