The report "Satellite Bus Market by Subsystem (Structures & Mechanisms, Thermal Control, Electric Power, Attitude Control, Propulsion, Telemetry Tracking and Command (TT&C), Flight Software), Satellite Size, Application, and Region - Global Forecast to 2022", The satellite bus market is estimated to grow from an estimated USD 10.21 Billion in 2017 to USD 13.64 Billion by 2022, at a CAGR of 5.97% during the forecast period.
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Based on satellite size, the small (1-500 kg) segment is expected to lead the satellite bus market during the forecast period
Based on satellite size, the small (1-500 kg) segment is estimated to lead the satellite bus market during the forecast period, as these satellites can be used for high precision and complex space missions such as remote sensing, navigation, maritime and transportation management, space & earth observation, disaster management, military intelligence, telecommunications, and other academic purposes.
North America is estimated to account for the largest share of the satellite bus market in 2017
Key Market Players
Airbus Group (Netherlands), The Boeing Company (US), China Academy of Space Technology (China), Honeywell International Inc. (US), Indian Space Research Organization (India), Israel Aerospace Industries Ltd (Israel), Lockheed Martin Corporation (US), MacDonald, Dettwiler and Associates Ltd. (Canada), Mitsubishi Electric Corporation (Japan), Orbital ATK, Inc. (US), and Thales Alenia Space (France), among others, are the major players in the satellite bus market.
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