Satellite and Spacecraft Sub-system Market
InsightAce Analytic Pvt. Ltd. announces the release of a market assessment report on the “Global Satellite and Spacecraft Sub-system Market- (By Products (Satellite Sub-System, Launch Vehicle System), By End-User (Commercial, Civil Government, Defense, Academic/Research Group)) Trends, Industry Competition Analysis, Revenue and Forecast To 2034.”
According to the latest research by InsightAce Analytic, the Global Satellite and Spacecraft Sub-system Market is valued at USD 31.1 Bn in 2024, and it is expected to reach USD 49.6 Bn by the year 2034, with a CAGR of 4.9% during a forecast period of 2025-2034.
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Satellites serve a vital role in military communications and are also widely employed for navigation, television broadcasting, and telecommunication services. Satellite communication is facilitated by the transmission of radio waves, with data being collected and processed through a network of global antennas and transponders. The satellite communication market is expected to experience substantial growth over the forecast period, driven by advancements in satellite technologies. For example, in April 2021, Northrop Grumman announced the successful docking of its Mission Extension Vehicle-2 (MEV-2) with the commercial satellite Intelsat 10-02. The MEV-2 is a robotic spacecraft designed to extend the operational life of aging satellites.
Additionally, increasing concerns about space debris and the implementation of regulatory measures aimed at debris mitigation are encouraging the development of sub-systems that enhance satellite end-of-life disposal and reduce orbital debris, further propelling market innovation and growth.
List of Prominent Players in the Satellite and Spacecraft Sub-system Market:
• Airbus S.A.S.
• Ball Corporation
• Data Device Corporation
• Honeywell International
• Israel Aerospace Industries
• Lockheed Martin Corporation
• Mitsubishi Electric Corporation
• Northrop Grumman
• OneWeb
• O.H.B. System
Market Dynamics:
Drivers-
The global satellite and spacecraft sub-systems market is projected to experience significant growth, primarily driven by the increasing demand for Internet of Things (IoT) devices across a range of industries, including automotive, defense, and healthcare. Additional factors expected to influence the satellite communication systems market outlook over the forecast period include the growing adoption of radio broadcasting and satellite communication technologies in online streaming platforms and television broadcasting. Moreover, the rising demand for advanced satellite and spacecraft sub-system solutions within military and defense applications is anticipated to further propel market expansion.
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Challenges:
Cost-related constraints can hinder the adoption of advanced technologies and innovative solutions, particularly among smaller enterprises and emerging space programs. The integration of multiple sub-systems into satellites or spacecraft, along with the rigorous validation required to ensure their performance in the space environment, presents significant technical and logistical challenges. Furthermore, the escalating issue of space debris necessitates that satellite and spacecraft sub-systems incorporate end-of-life disposal strategies and adhere to debris mitigation protocols. Implementing sustainable practices is essential to ensure the long-term viability of space missions and programs.
Regional Trends:
North America is projected to hold a substantial share of the satellite and spacecraft sub-system market in terms of revenue and is expected to witness robust growth over the forecast period. The region has experienced a surge in small satellite missions, including CubeSats and nanosatellites, driven by the contributions of academic institutions, startups, and research organizations. This trend has led to increasing demand for compact, cost-effective sub-systems. In Europe, commercial space activities such as satellite manufacturing, launch services, and satellite-enabled applications have expanded, fueling demand for a diverse range of sub-systems. Meanwhile, Asia-Pacific is emerging as a key growth region, driven by significant investments from major corporations and government entities aimed at advancing sectors such as telecommunications, transportation, and logistics through satellite communication technologies.
Recent Developments:
• In June 2023, OHB Sweden and Thales Alenia Space signed a contract. This agreement covers developing, manufacturing, integrating, testing, and delivering a propulsion system for two major ESA and EU Copernicus missions. CHIME and ROSE-L are important space projects. The ROSE-L mission would also enable several applications, benefiting agriculture, environmental monitoring, food security, and hazard management.
• In May 2023, NASA granted a contract to Lockheed Martin Corporation. This contract is for developing and demonstrating NASA’s Human Landing System and its key components. An essential part of Artemis, this programme is crucial. The program’s major goal is to develop an environmentally friendly lunar lander that can safely take astronauts to the moon.
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Segmentation of Satellite and Spacecraft Sub-system Market-
By Products-
• Satellite Sub-System
o Payload
Antenna
Inter-Satellite Links
Processor
Imaging Sensor
o Electrical and Power Sub-system
Power Management Device
Solar Panel
Battery
Field-Programmable Gate Array
Application Specific Integrated Circuit (ASIC)
Power Converter
o Command and Data Handling System
Onboard Computer
Memory
OBC Adaptor
Router
Processor
Microcontroller
Solid State Recorder
Field-Programmable Gate Array (FPGA)
o Communication Sub-system
Transmitter and Receiver
Processor
o Thermal Control Sub-system
Temperature Sensors
Heaters
Thermostats
Insulation
o Attitude Determination and Control Sub-system
Temperature Sensors
Heaters
Thermostats
Insulation
o Propulsion System
Temperature Sensors
Heaters
Thermostats
Insulation
o Mechanism
o Actuator
o Structure
• Launch Vehicle System
o Structure
Skin
Frame
Bulk Head
Control Surfaces
Payload Adapter
o Avionics
Communication
Navigation
Radar
Health Management
Onboard Computer/Flight Computers
Fibre Optic Cables
Sensor
o Propulsion System
Thrusters
Propellant Tank
Valves and Regulators
Plumbing/Tubing
Flow Control Unit
Pump
Combustion Chamber
Nozzle
Pointing Mechanism
o Control System
Actuators
Mechanism
Motors
o Electrical System
Wire-loom
Power Control Units
Battery
Surge Protection Device
Power Adapters
Connectors
o Stage Separation
o Thermal System
Sensors
Thermal Computer
Thermostat/Thermal Control System
Skin
By End-User-
• Commercial
• Civil Government
• Defense
• Academic/Research Group
By Region-
North America-
• The US
• Canada
• Mexico
Europe-
• Germany
• The UK
• France
• Italy
• Spain
• Rest of Europe
Asia-Pacific-
• China
• Japan
• India
• South Korea
• South East Asia
• Rest of Asia Pacific
Latin America-
• Brazil
• Argentina
• Rest of Latin America
Middle East & Africa-
• GCC Countries
• South Africa
• Rest of the Middle East and Africa
Read Overview Report- https://www.insightaceanalytic.com/report/satellite-and-spacecraft-sub-system-market/1987
About Us:
InsightAce Analytic is a market research and consulting firm that enables clients to make strategic decisions. Our qualitative and quantitative market intelligence solutions inform the need for market and competitive intelligence to expand businesses. We help clients gain competitive advantage by identifying untapped markets, exploring new and competing technologies, segmenting potential markets and repositioning products. Our expertise is in providing syndicated and custom market intelligence reports with an in-depth analysis with key market insights in a timely and cost-effective manner.
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This release was published on openPR.
