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The objective of the Satellite Bus Market report is to offer updated information such as the market share, size, trends, emerging markets, earnings, forecasts, and data on leading industry players. This study includes significant and vital information necessary for strategic decision making and have a competitive edge.
In view with the current pandemic analysts at Stratview Research has thoroughly analyzed and presented the following parameters under the detailed Covid – 19 impact analysis in the Satellite Bus Market.
Market Insights – The Satellite Bus Market is projected to grow from USD 6.36 billion in 2022 to USD 8.69 billion by 2028 at a CAGR of over 5.3% during the forecast period.
Few key players operating in the Satellite Bus Market are-
Orbital ATK, Inc.,
Lockheed Martin Corporation,
Thales Alenia Space,
Airbus Group,
China Academy of Space Technology,
Israel Aerospace Industries Ltd,
The Boeing Company,
Honeywell International Inc.,
Mitsubishi Electric Corporation,
Ball Corporation,
Macdonald,
Dettwiler and Associates Ltd.,
Sierra Nevada Corporation.
Growth drivers and Market Value:
This report, from Stratview Research, studies the Satellite Bus Market value and growth drivers over the trend period of 2018-23. According to the report -
The global satellite bus market is projected to grow at a healthy CAGR 5.5% during the forecast period. Increasing deployment of small satellites, especially for earth observation-related applications; increasing space exploration missions, technological advancement in the systems, increasing space budget of the emerging economies, and increasing participation of private space companies are the major factors spurring the growth of the satellite bus market.
Segment Analysis:
Based on Application Type:
Based on the application type, the market is segmented into Earth Observation and Meteorology, Communication, Scientific Research & Exploration, Surveillance & Security, and Mapping & Navigation. The earth observation and meteorology segment is expected to grow at the highest rate in the coming five years, owing to their capability to monitor situations, such as cyclones, storms, floods, fires, volcanic activities, earthquakes, landslides, oil slicks, environmental pollution, and other such calamities. There has been a high focus for the development of small satellites targeting key areas including earth observation, communications, and networking.
Based on Region:
Based on the regions, North America dominates the satellite bus market, driven by the presence of major spacecraft OEMs and tier players. The USA is the growth engine of the region’s market as the country has the highest space budget in the world, which is almost six times the country with the second highest space budget. Also, NASA is the largest space agency in the world, which is largely involved in space-related activities located in the USA. Furthermore, major spacecraft OEMs, such as Orbital ATK, Lockheed Martin, and Honeywell International, have the presence in the USA.
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Critical Questions Answered in the Report
l What are the key trends in the global Satellite Bus Market?
l How the Satellite Bus Market (and its various sub-segments) has grown in the last five years?
l What would be the growth driver and growth rate in next five years?
l What is the impact of COVID-19 on the Satellite Bus Market?
l What are the key strategies adopted by the major vendors to lead in the Satellite Bus Market?
l What is the market share of the key players?
Target Audience
The following is a list of the customers that the Satellite Bus Market aims to convert the most:
l Manufacturing Organizations
l Distributors & Suppliers
l Potential Investors
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