Global Satellite Bus Market Industry Future Demand, Market Analysis and Outlook to 2023
Global Satellite Bus market is further estimated to grow at a CAGR of 6.4% from 2018 to reach USD 15.1 billion by the year 2023.
(EMAILWIRE.COM, June 22, 2018 ) Global Satellite Bus Market was valued at USD 10.4 billion in the year 2017. Global Satellite Bus market is further estimated to grow at a CAGR of 6.4% from 2018 to reach USD 15.1 billion by the year 2023. North America region holds the highest market share in 2017 and Asia-Pacific market is considered as the fastest growing market in the forecasted period. At country level U.S is projected to grow strongly in the coming years.
Lockheed Martin Corporation (U.S.), Airbus S.A.S. (France), Boeing (U.S.), Mitsubishi Electric Corporation (Japan), Thales Group (France), Israel Aerospace Industries Ltd. (Israel), Orbital ATK, Inc (U.S.), Sierra Nevada Corporation (U.S.), Honeywell International Inc. (U.S.), China Academy of Space Technology (China), Ball Corporation (U.S.), Maxar Technologies Ltd. (MDA) (U.S.), are some of the key players in the Global Satellite Bus market. Rising research and development expenses to cater changing demand of end users, similarly growth strategies such as acquisition, merger and expansion of the distribution network were few techniques adopted by most of Tier 1 and Tier 2 manufacturers in recent years.
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Drivers: Deployment of satellites as increase in space investigation missions
Restraints: Repair system and maintenance in space
Opportunities: Implementation of technology in Satellite Bus
Challenges: Government Regulations and norms.
For global Satellite Bus market the major shares of the market comes from Electric Power System type among other sub segmented which includes Flight Software, Attitude Control System, Structures & Mechanisms, Thermal Control, Telemetry Tracking and Command (TT&C) and Propulsion.
On the basis of applications the market is segmented as communication, surveillance & security, earth observation & meteorology, scientific research & exploration, mapping & navigation and others of which earth observation & meteorology is expected to hold the highest market share. On the other hand, Small satellite by size among medium and large sizes for this market is expected to grow at highest CAGR during year 2018-2023.
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Key Benefits for Stakeholders
Satellite Bus and components Manufacturers, Distributors and Retailers
Research and Consulting Organization
Technology Standards Organizations, Forums, Alliances and Associations
End use industries
Government, Regulatory bodies and consumers.
By Size
Small (1-500kg)
Medium (501-2,500kg)
Large (Above 2,500kg)
By Application
Communication
Surveillance & Security
Earth Observation & Meteorology
Scientific Research & Exploration
Mapping & Navigation
Others
By Subsystem
Flight Software
Attitude Control System
Electric Power System
Structures & Mechanisms
Thermal Control
Telemetry Tracking and Command (TT&C)
Propulsion
By Region
North America
Europe
Asia-Pacific
RoW
Key Market Players
Lockheed Martin Corporation
Airbus S.A.S.
Boeing
Mitsubishi Electric Corporation
Thales Group
Israel Aerospace Industries Ltd.
Orbital ATK, Inc
Sierra Nevada Corporation
Honeywell International Inc.
China Academy of Space Technology
Ball Corporation
Maxar Technologies Ltd. (MDA)
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Lockheed Martin Corporation (U.S.), Airbus S.A.S. (France), Boeing (U.S.), Mitsubishi Electric Corporation (Japan), Thales Group (France), Israel Aerospace Industries Ltd. (Israel), Orbital ATK, Inc (U.S.), Sierra Nevada Corporation (U.S.), Honeywell International Inc. (U.S.), China Academy of Space Technology (China), Ball Corporation (U.S.), Maxar Technologies Ltd. (MDA) (U.S.), are some of the key players in the Global Satellite Bus market. Rising research and development expenses to cater changing demand of end users, similarly growth strategies such as acquisition, merger and expansion of the distribution network were few techniques adopted by most of Tier 1 and Tier 2 manufacturers in recent years.
Get Discount at https://www.prominentmarketresearch.com/discount-report/34288
Drivers: Deployment of satellites as increase in space investigation missions
Restraints: Repair system and maintenance in space
Opportunities: Implementation of technology in Satellite Bus
Challenges: Government Regulations and norms.
For global Satellite Bus market the major shares of the market comes from Electric Power System type among other sub segmented which includes Flight Software, Attitude Control System, Structures & Mechanisms, Thermal Control, Telemetry Tracking and Command (TT&C) and Propulsion.
On the basis of applications the market is segmented as communication, surveillance & security, earth observation & meteorology, scientific research & exploration, mapping & navigation and others of which earth observation & meteorology is expected to hold the highest market share. On the other hand, Small satellite by size among medium and large sizes for this market is expected to grow at highest CAGR during year 2018-2023.
Request for Sample Report at https://www.prominentmarketresearch.com/sample-report/34288
Key Benefits for Stakeholders
Satellite Bus and components Manufacturers, Distributors and Retailers
Research and Consulting Organization
Technology Standards Organizations, Forums, Alliances and Associations
End use industries
Government, Regulatory bodies and consumers.
By Size
Small (1-500kg)
Medium (501-2,500kg)
Large (Above 2,500kg)
By Application
Communication
Surveillance & Security
Earth Observation & Meteorology
Scientific Research & Exploration
Mapping & Navigation
Others
By Subsystem
Flight Software
Attitude Control System
Electric Power System
Structures & Mechanisms
Thermal Control
Telemetry Tracking and Command (TT&C)
Propulsion
By Region
North America
Europe
Asia-Pacific
RoW
Key Market Players
Lockheed Martin Corporation
Airbus S.A.S.
Boeing
Mitsubishi Electric Corporation
Thales Group
Israel Aerospace Industries Ltd.
Orbital ATK, Inc
Sierra Nevada Corporation
Honeywell International Inc.
China Academy of Space Technology
Ball Corporation
Maxar Technologies Ltd. (MDA)
Purchase Report Now at https://www.prominentmarketresearch.com/checkout/34288
About Prominent Market Research:
At Prominent Market Research, we are committed to provide the best possible service and recommendations to all our customers. You will be able to speak to seasoned analyst who will understand your research needs accurately. We make it our business to look after yours, with an efficient and friendly team always available to help you.
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Prominent Market Research
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Tel: +1-815-957-4373
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Prominent Market Research
Robin
Tel: +1-815-957-4373
Email us
----
This press release is posted on EmailWire.com -- a global newswire that provides Press Release Distribution Services with Guaranteed Results