Satellite Payloads Market Size, Share & Growth Report | 2031

Satellite Payloads Market Size, Share & Growth Report | 2031

Segments - Satellite Payloads Market by Type (Imaging, Navigation, Automatic Identification System, Communication, Radar, Scientific/Technical), Satellite Type (Cubesate, Small Satellite, Medium Satellite, and Large Satellite), Orbit (Low Earth Orbit, Medium Earth Orbit, and Geostationary Earth Orbit), Frequency (C-Band, S-Band, L-Band, X-Band, Ku-Band, Ka-Band, VHF/UHF-Band, SHF/EHF Band, and Q/V-Band), Application (Remote Sensing, Surveillance, Telecommunication, Scientific Research, Space Observation, Meteorology, and Exploration of Outer Planets), End-user (Civil, Military, and Commercial), and Region (Asia Pacific, North America, Latin America, Europe, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2023 – 2031

https://growthmarketreports.com/Raksha
Author : Raksha Sharma
https://growthmarketreports.com/Indranil
Fact-checked by : Indranil Bose
https://growthmarketreports.com/Shruti
Editor : Shruti Bhat

Upcoming | Report ID :AD-1074 | 4.7 Rating | 67 Reviews | 195 Pages | Format : PDF Excel PPT

Report Description


The global satellite payloads market size was valued at about USD 14 Billion in 2022 and is anticipated to surpass USD 25 Billion by 2031, expanding at a CAGR of 25% during the forecast period, 2023–2031The growth of the market is attributed to the substantial innovations in navigation and communication applications including flexible payloads, advanced regenerative payloads, and Radio Frequency (RF) payload systems.

The increasing inclination of miniaturization results in the expansion of sensors and small radar cameras that are generally linked with the large satellites for generating high-quality images of Earth’s surface. These satellites are armed with payloads that give information about land cover characteristics, multi-purpose images, and communication services.

Satellite Payloads Market Outlook

Investments by governments and research organizations in providing high-speed communication services are paving the way for the market in the coming years. Flexible payloads are viewing growth in popularity due to modifications in antenna beam patterns to fulfill the demand of the market. High power multi-beam broadcast antenna is designed by Airbus S.A.S. This antenna allows the configuration of shaped beams for customers by using flexible payloads.

Digital payloads are gaining importance while transforming the industry using bandwidth switching between various transponders. These payloads are projected to structural cost change in the satellite business through the rising adoption of different applications and services. 

However, the emergence of a Digital Transparent Processor (DTP) is anticipated to convert the market due to the usage of multiple beams from the satellite and merge them in a single loop to connect them with different gateways seamlessly and efficiently. These processors are providing flexibility related to connectivity to overcome connection and channelization worries.

Impact of Artificial Intelligence on the Satellite Payload Market

The integration of Artificial Intelligence (AI) in satellite payload management is revolutionizing the way that other players in the satellite industries are operating. It helps payload managers accurately assess payload to track and launch their performance. Automated payload selection feature in AI is transforming the satellite payload process. This helps in reducing the risk of payload inconsistency and improves the chances of a successful mission.

Another feature of AI in satellite payload is payload optimization. AI-driven algorithms are expected to detect anomalies and changes in the behavior of payloads in orbit, which helps in detecting malfunctioning payloads and taking corrective action. Thus, the implementation of AI in satellite payloads is opening new chances for the market.


The market report finds that the COVID-19 pandemic slowed down the manufacturing and the launching of satellites owing to restrictions imposed by the government. The pandemic resulted in a shortage of labor and components as the supply chain was further delayed. The high demand for liquid oxygen and nitrogen in hospitals amid the pandemic impedes the launch of payloads. The pandemic further results in the delay in the launch of satellites, for instance, in July 2020, the launch of NASA’s James Webb Space Telescope (JWST) was delayed due to the coronavirus pandemic.

Satellite Payloads Market Dynamics

Major Drivers 

Increasing demand for earth observation imagery payloads and software-defined payloads are projected to fuel the market growth over the forecast period. Software-defined payloads enable operators to reconfigure the antenna beam on demand. A software-defined satellite is able to modify beams and power distributions.

  • For instance, in May 2023, SatixFy Communications Ltd., a leading next-generation satellite communication system based on in-house-developed chipsets, announced that the OneWeb JoeySat Satellite was successfully launched from California. It is a fully digital beam-hopping and beam-steering payload, offered by SatixFy, which switches between various places on Earth up to 1000 times per second and adjusts the strength of the communications signals to meet demand.

Existing Restraints

High manufacturing costs and design are major factors hampering the market growth during the forecast period. The cost of developing and launching a satellite, furthermore, technical failure during the time of launch restrain the market. The scarce availability of intellectual assets and inherent delay in the transmission of geostationary orbits impede the market.

Emerging Opportunities

Growing advancements in technology and developments in different applications are anticipated to boost the market in the coming years. The increasing number of partnerships among key market players is further expected to create opportunities for the market.

  • For instance, in April 2022, MDA Ltd, a leading provider of advanced technology and services to the rapidly increasing global space industry, announced the partnership with Lockheed Martin and General Motors to integrate MDA’s commercial robotic arm technology on their planned human-rated lunar mobility vehicles.

Scope of Satellite Payloads Market Report

The market report includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Attributes

Details

Report Title

Satellite Payloads Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast

Base Year

2022

Historic Data

2016–2021

Forecast Period

2023–2031

Segmentation

Type (Imaging, Navigation, Automatic Identification System, Communication, Radar, Scientific/Technical), Satellite Type (Cubesate, Small Satellite, Medium Satellite, and Large Satellite), Orbit (Low Earth Orbit, Medium Earth Orbit, and Geostationary Earth Orbit), Frequency (C-Band, S-Band, L-Band, X-Band, Ku-Band, Ka-Band, VHF/UHF-Band, SHF/EHF Band, and Q/V-Band), Application (Remote Sensing, Surveillance, Telecommunication, Scientific Research, Space Observation, Meteorology, and Exploration of Outer Planets), and End-user (Civil, Military, and Commercial)

Regional Scope

Asia Pacific, North America, Latin America, Europe, and Middle East & Africa

Report Coverage

Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast

Key Players Covered in the Report

AIRBUSLockheed Martin Corporation.Honeywell International Inc.RTXBoeing.; Intelsat.Mitsubishi Electric CorporationThales GroupViasat, Inc.L3 Harris CorporationISRO.General Dynamics Mission Systems, Inc.SPACEXMDA Corporation; and Northrop Grumman.

Satellite Payloads Market Segment Insights

Type Segment Analysis

Based on type, the market is segmented into imaging, navigation, automatic identification system, communication, radar, and scientific/technical. The communication segment is expected to grow at a considerable CAGR during the forecast period owing to the rapid use of technological trends including space-based inflatable reflector antenna, channelization, and internet router space.  Furthermore, the availability of geostationary communication satellites is expected to drive the market segment in the forecast period.

  •  For instance, in April 2023, Northrop Grumman announced the development of a geostationary communications satellite that is expected to compete against a Boeing design in military procurement. Boeing and Northrop Grumman were selected in 2020 by the U.S. Space Force to develop Protected Tactical Satcom prototype payloads, known as PTS.

Satellite Type Segment Analysis 

On the basis of satellite type, the market is classified as cubesate, small satellite, medium satellite, and large satelliteThe small satellite segment is expected to expand at a significant growth rate during the forecast period. The ability to be more cost-effective than the larger spacecraft is making the small satellites the most convenient among all the satellite types.

A satellite is placed in orbit which is commonly dependent on the satellite's mission. The orbit at which the satellite is placed is dependent on the satellite's mission, but the most common orbit for small satellites is Low Earth Orbit (LEO). Moreover, the launches and developments of small satellites from the leading companies are boosting the segment.

  • For instance, in July 2023, Rocket Lab launched seven satellites that were carried by an Electron rocket into orbit and brought the booster back to Earth for a soft ocean splashdown. Rocket Lab recovered the booster with a ship and it is expected to haul it back to land for inspection purposes.

Satellite Payloads Market Satellite Types

Orbit Segment Analysis

On the basis of orbit, the satellite payloads market is segmented into low earth orbit (LEO), medium earth orbit (MEO), and geostationary earth orbit (GEO). The low earth orbit segment is expected to hold a key share of the market during the forecast period. Low Earth Orbits (LEO) provide a clear view of the Earth's surface with small details; which makes them essential among other orbits. Low Earth Orbit systems rotate the Earth at almost 700 to 3000 km altitude. LEO satellites do not always follow the same path around the Earth as there are more routes available for the satellite. Thus, it is one of the most commonly used orbits.

  • For instance, in March 2023, OneWeb, the low Earth orbit (LEO) satellite communications company, deployed and contacted 36 satellites launched by NewSpace India Limited (NSIL), from the Satish Dhawan Space Centre (SDSC-SHAR) in Sriharikota, India.

However, the geostationary Earth orbit segment is expected to expand rapidly during the forecast period. The growing need for Ku-band and C-band GEO satellites has affected the hardware that is incorporated into the satellites, allowing suppliers to upgrade technologies to achieve enhanced performance.

Frequency Segment Analysis 

Based on frequency, the market is categorized as C-Band, S-Band, L-Band, X-Band, Ku-Band, Ka-Band, VHF/UHF-Band, SHF/EHF Band, and Q/V-Band. The Ku-band segment is expected to dominate the market during the forecast period.

The applications of Ku-Band involve satellite communications mainly downlink which are used by direct-transmission satellites for satellite television used for communication purposes from International Space Stations (ISS).

This particular frequency band is mostly recommended for the financial, oil, energy, and mining sectors as it offers more flexibility and comes cheaper allowing end-users to deploy small antennas. These use cases are manipulating the segment growth in the forecast period.

  • For instance, in May 2022, Spire Global installed Ku-band antennas from fellow smallsat operator Kepler Communications on at least three satellites to offer higher capacity data services at the beginning of 2023. The deal allows Spire to add high-speed Ku-band capabilities to its fleet in low earth orbit under Kepler’s existing regulatory licenses it further includes an option to boost up to 50 satellites.

Satellite Payloads Market Frequency

Applications Segment Analysis 

In terms of applications, the market is divided into communication & navigation, remote sensing, surveillance, and others. The communication & navigation segment is expected to represent a key share of the market in the coming years due to the huge adoption of flexible payloads in the telecommunication segment. The development of High Throughput Satellites (HTS) is a major factor in fueling the segment growth.

The enormous increase in CAPEX efficiencies of satellites and the notable downtrend in the price of data have changed the communication industry. The technological trend in communication payloads is the development of power amplifiers, space-based inflatable reflector antennae, and others.

The remote sensing segment is expected to grow at a considerable CAGR during the forecast period. Latest innovations including digital sensors in remote sensing are able to scan wide areas of the earth’s surface and transfer this data to satellite ground stations.

Furthermore, payloads are broadly used in applications based on remote sensing which is used in land use mapping, agriculture for crop monitoring, and disaster monitoring & mitigation.

  • For instance, in January 2023, Xplore, a startup in Washington announced was granted a remote-sensing license from the National Oceanic and Atmospheric Administration (NOAA) for the company’s first mission to low Earth orbit. The company plans to launch its first Xcraft small satellite in the fourth quarter of 2023 on a SpaceX Falcon 9 rideshare. The payloads are expected to offer hyperspectral imaging data, high-resolution video, and ultraviolet data products.

End-users Segment Analysis

Based on end-users, the satellite payloads market is segregated into civil, military, and commercial. The commercial segment is anticipated to expand at a rapid pace during the forecast period owing to elevating need for broadband internet services and high-definition videos. The requirement for high-definition videos raises the demand for higher satellite capacity by allowing players to enhance their in-orbit fleets.

Moreover, easy programming and launching of commercial satellites are making them most suitable and popular as compared to other end-use industries. The intentional shift in federal policy to apply private sector satellite launches is expected to influence the industry growth over the forecast period. Rising demand for telecommunication and earth observation satellites, the commercial segment is projected to grow in the coming years.

  • For instance, in April 2023, SpaceX launched a commercial communications satellite into orbit with a NASA Earth science instrument aboard. A SpaceX Falcon 9 rocket lifted off from Florida's Cape Canaveral Space Force Station carrying the Intelsat 40e satellite toward geostationary transfer orbit. Intelsat 40e is an advanced geostationary satellite that is expected to offer high connectivity to the company's government and enterprise customers around North and Central America.

Regional Analysis

On the basis of regions, the satellite payloads market is categorized as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. North America is anticipated to dominate the market during the forecast period. The regional market growth can be attributed to a huge number of satellite launches.

Furthermore, the rising expenditure on space technologies by the government and the presence of major market players in the field is anticipated to fuel the regional market growth. Lately, a military communication satellite has been launched by the U.S. military which is projected to drive the soldier’s communication.

  • For instance, in June 2023, United Launch Alliance's (ULA) powerful Delta IV Heavy lifted off from Florida's Cape Canaveral Space Force Station on a mission for the U.S. National Reconnaissance Office (NRO) called NROL-68. The agency operates the United States fleet of spy satellites, whose capabilities and activities tend to be classified.

On the other hand, the market in Europe is expected to exhibit a rapid growth rate in the coming years owing to rising expenditure on telecommunication and earth observation satellites. Additionally, increasing partnerships among leading market players are boosting the market in the region.

  • For instance, in August 2023, French rocket startup, HyPrSpace, partnered with Precious Payload, the global satellite launch marketplace provider. This partnership aims to make it simple for payload developers to reserve launches using HyPrSpace’s Orbital Baguette-1 (OB-1) rockets. HyPrSpace with dedicated launches and rideshare opportunities serves the needs of smallsats and satellite constellations.

Satellite Payloads Market Region

Segments

The global satellite payloads market has been segmented on the basis of

Type

  • Imaging
  • Navigation
  • Automatic Identification System
  • Communication
  • Radar
  • Scientific/Technical

Satellite Type 

  • Cubesate
  • Small Satellite
  • Medium Satellite
  • Large Satellite

Orbit 

  • Low Earth Orbit
  • Medium Earth Orbit
  • Geostationary Earth Orbit

Frequency 

  • C-Band
  • S-Band
  • L-Band
  • X-Band
  • Ku-Band
  • Ka-Band
  • VHF/UHF-Band
  • SHF/EHF Band
  • Q/V-Band

Application 

  • Remote Sensing
  • Surveillance
  • Telecommunication
  • Scientific Research
  • Space Observation
  • Meteorology
  • Exploration of Outer Planets

End-user

  • Civil
  • Military
  • Commercial

Region

  • Asia Pacific
  • North America
  • Latin America
  • Europe
  • Middle East & Africa

Key Player

  • AIRBUS
  • Lockheed Martin Corporation.
  • Honeywell International Inc.
  • RTX
  • Boeing.
  • Intelsat.
  • Mitsubishi Electric Corporation
  • Thales Group
  • Viasat, Inc.
  • L3 Harris Corporation
  • ISRO.
  • General Dynamics Mission Systems, Inc.
  • SPACEX
  • MDA Corporation
  • Northrop Grumman.

Competitive Landscape

Key players competing in the satellite payloads market are AIRBUSLockheed Martin Corporation.Honeywell International Inc.RTXBoeing.; Intelsat.Mitsubishi Electric CorporationThales GroupViasat, Inc.L3 Harris CorporationISRO.General Dynamics Mission Systems, Inc.SPACEXMDA Corporation; and Northrop Grumman.

Major market players are adopting several business strategies such as mergers, acquisitions, partnerships, collaborations, capacity expansion, and product launches to enhance their market shares.

  • In August 2023, Northrop Grumman Corporation offered two major components of the Arctic Satellite Broadband Mission (ASBM) and started the next phase of pre-launch preparations. This two-satellite constellation is expected to provide protected satellite communications to the Northern Polar region to deliver communications. Some of the most recent accomplishments include the timely delivery of both Enhanced Polar System Recapitalization (EPS-R) payloads to the Space Force and the integration of EPS-R payload on ASBM-1 and ASBM-2.
  • In November 2022, Intelsat, the world’s largest integrated satellite and leading provider of inflight connectivity, announced the launch of Galaxy 31 and Galaxy 32, geosynchronous communications satellites that are expected to ensure service continuity to Intelsat’s North American media customers.
  • In October 2022, L3Harris Technologies started an agreement with Merlinhawk Aerospace, India’s certified aerospace and defense design and manufacturing company, to open a WESCAM MX-Series electro-optical and infrared (EO/IR) systems service center. This agreement focuses on localizing service capabilities under a WESCAM Authorized Service Center (WASC) through transferring knowledge, and technical publications, which is expected to support the advanced repair facility.

Satellite Payloads Market Key Players

Frequently Asked Questions

The different types of satellite payloads includes imaging, navigation, automatic identification system, communication, radar, and scientific/technical

The payloads in satellites give information about land cover characteristics, multi-purpose images, and communication services.

The global satellite payloads market size was valued at about USD 14 Billion in 2022 and is anticipated to surpass USD 25 Billion by 2031, expanding at a CAGR of 25% during the forecast period, 2023–2031

Table Of Content

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Satellite Payloads Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Satellite Payloads Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Satellite Payloads Market - Supply Chain
  4.5. Global Satellite Payloads Market Forecast
     4.5.1. Satellite Payloads Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Satellite Payloads Market Size (000’ Units) and Y-o-Y Growth
     4.5.3. Satellite Payloads Market Absolute $ Opportunity
5. Global Satellite Payloads Market Analysis and Forecast by Region
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Region
     5.2.2. Y-o-Y Growth Projections by Region
  5.3. Satellite Payloads Market Size and Volume Forecast by Region
     5.3.1. North America
     5.3.2. Latin America
     5.3.3. Europe
     5.3.4. Asia Pacific
     5.3.5. Middle East and Africa (MEA)
  5.4. Absolute $ Opportunity Assessment by Region
  5.5. Market Attractiveness/Growth Potential Analysis by Region
  5.6. Global Satellite Payloads Demand Share Forecast, 2019-2026
6. North America Satellite Payloads Market Analysis and Forecast
  6.1. Introduction
     6.1.1. Basis Point Share (BPS) Analysis by Country
     6.1.2. Y-o-Y Growth Projections by Country
  6.2. North America Satellite Payloads Market Size and Volume Forecast by Country
     6.2.1. U.S.
     6.2.2. Canada
  6.3. Absolute $ Opportunity Assessment by Country
  6.4. Market Attractiveness/Growth Potential Analysis
     6.4.1. By Country
     6.4.2. By Product Type
     6.4.3. By Application
  6.5. North America Satellite Payloads Demand Share Forecast, 2019-2026
7. Latin America Satellite Payloads Market Analysis and Forecast
  7.1. Introduction
     7.1.1. Basis Point Share (BPS) Analysis by Country
     7.1.2. Y-o-Y Growth Projections by Country
     7.1.3. Latin America Average Pricing Analysis
  7.2. Latin America Satellite Payloads Market Size and Volume Forecast by Country
      7.2.1. Brazil
      7.2.2. Mexico
      7.2.3. Rest of Latin America
   7.3. Absolute $ Opportunity Assessment by Country
  7.4. Market Attractiveness/Growth Potential Analysis
     7.4.1. By Country
     7.4.2. By Product Type
     7.4.3. By Application
  7.5. Latin America Satellite Payloads Demand Share Forecast, 2019-2026
8. Europe Satellite Payloads Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
     8.1.3. Europe Average Pricing Analysis
  8.2. Europe Satellite Payloads Market Size and Volume Forecast by Country
     8.2.1. Germany
     8.2.2. France
     8.2.3. Italy
     8.2.4. U.K.
     8.2.5. Spain
     8.2.6. Russia
     8.2.7. Rest of Europe
  8.3. Absolute $ Opportunity Assessment by Country
  8.4. Market Attractiveness/Growth Potential Analysis
     8.4.1. By Country
     8.4.2. By Product Type
     8.4.3. By Application
  8.5. Europe Satellite Payloads Demand Share Forecast, 2019-2026
9. Asia Pacific Satellite Payloads Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Asia Pacific Average Pricing Analysis
  9.2. Asia Pacific Satellite Payloads Market Size and Volume Forecast by Country
     9.2.1. China
     9.2.2. Japan
     9.2.3. South Korea
     9.2.4. India
     9.2.5. Australia
     9.2.6. Rest of Asia Pacific (APAC)
  9.3. Absolute $ Opportunity Assessment by Country
  9.4. Market Attractiveness/Growth Potential Analysis
     9.4.1. By Country
     9.4.2. By Product Type
     9.4.3. By Application
  9.5. Asia Pacific Satellite Payloads Demand Share Forecast, 2019-2026
10. Middle East & Africa Satellite Payloads Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Middle East & Africa Average Pricing Analysis
  10.2. Middle East & Africa Satellite Payloads Market Size and Volume Forecast by Country
     10.2.1. Saudi Arabia
     10.2.2. South Africa
     10.2.3. UAE
     10.2.4. Rest of Middle East & Africa (MEA)
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Market Attractiveness/Growth Potential Analysis
     10.4.1. By Country
     10.4.2. By Product Type
     10.4.3. By Application
  10.5. Middle East & Africa Satellite Payloads Demand Share Forecast, 2019-2026
11. Competition Landscape
  11.1. Global Satellite Payloads Market: Market Share Analysis
  11.2. Satellite Payloads Distributors and Customers
  11.3. Satellite Payloads Market: Competitive Dashboard
  11.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     11.4.1.   AIRBUS Lockheed Martin Corporation. Honeywell International Inc. RTX Boeing. Intelsat. Mitsubishi Electric Corporation Thales Group Viasat, Inc. L3 Harris Corporation ISRO. General Dynamics Mission Systems, Inc. SPACEX MDA Corporation Northrop Grumman.

Methodology

Our Clients

Siemens Healthcare
Dassault Aviation
The John Holland Group
Nestle SA
Pfizer
Deloitte
General Electric
General Mills