Satellite Payloads Market

Satellite Payloads Market by Orbits (Low Earth Orbit, Medium Earth Orbit, and Geostationary Earth Orbit), Applications (Communication & Navigation, Remote Sensing, Surveillance, and Others), End-users (Civil, Military, and Commercial), and Regions (Asia Pacific, North America, Latin America, Europe, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2021 – 2028

  • Report ID: AD-1074
  • Author: Growth Market Reports
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  • No. Of Pages: 195
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The global satellite payloads market size is anticipated to expand at a significant CAGR during the forecast period, 2021–2028. The growth of the market is attributed to the substantial innovations in navigation and communication applications includes flexible payloads, advanced regenerative payloads, and Radio Frequency (RF) payload systems.
 

Satellite Payloads Market Key Takeaways


The increasing inclination of miniaturization is resulted in the expansion of sensors and small radar cameras that are generally linked with the large satellites for generating high quality of images of earth’s surface. These satellites are armed with payloads which gives the information about urban regions, land cover characteristics, and other multi-purpose images. Flexible payloads are viewing the growth in popularity due to modification in antenna beam patterns to fulfil the demand of the market. High power multi-beam broadcast antenna is designed by Airbus S.A.S. This antenna allows configuration of shaped beams for customers by using flexible payloads.

Digital payloads are getting the importance while transforming the industry using bandwidth switching between various transponders. These payloads are projected to structural cost change of the satellite business by rising adoption of different applications and services. Also, end users are using small and affordable antennas to offer low cost, and leading manufacturers are providing smaller antennas which automatically gets lock on the satellites.

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

Market Trends, Drivers, Restraints, and Opportunities

  • Increasing demand of earth observation imagery payloads and software-defined payload are projected to fuel the market growth over the forecast period.
  • Rise in demand of satellite miniaturization and hosted payload are expected to drive the market growth.
  • Growing advancements in technology and rising developments in different applications are anticipated to boost the market expansion in the coming years.
  • Rising demand and popularity of the broadcasting services is major factor estimated to push the growth of the market.
  • increasing demand and development in design along with manufacturing and development of improved size or compact satellites are expected to spur the growth of the market.
  • High manufacturing costs and high design are major factor hampering the market growth during the forecast period.
  • Scarce availability of the intellectual assets is projected to impede the market expansion in the coming years.

Scope of the Report

The report on the global satellite payloads market 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

2020

Historic Data

2018–2019

Forecast Period

2021–2028

Segmentation

Orbits (Low Earth Orbit, Medium Earth Orbit, and Geostationary Earth Orbit), Applications (Communication & Navigation, Remote Sensing, Surveillance, and Others), End-users (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

Airbus Group; Honeywell International Inc.; Lockheed Martin Corporation; Raytheon Corporation; and The Boeing Company

 

Market Segment Insights

Low earth orbit segment is anticipated to register a substantial CAGR
On the basis of orbits, 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. The LEO segment provide and give access to clear view of the earth surface with the tiny details, is the factor because of which they have gain huge importance. The factors which play an important role in its success are mission continuity competence, cost-effective space quality, efficient in-orbit data, and low-risk access to orbit. Many LEO and GEO missions are used in the hosted payload approach which includes Sapphire, GIOVE-A, UK-DMC-2, and TechDemoSat-1. In addition to this the rising numbers of LEO payload has increased the good time to launch service providers for developing dispenser systems for the installment of multiple satellites in LEO orbits.

However, the geostationary earth orbit segment is anticipated to expand at a rapid pace during the forecast period. The rise in the demand of C-band and Ku-band GEO satellites have influenced the hardware that is amalgamated into the satellites by allowing suppliers to upgrade technologies for the achieving enhanced performance. Applications of GEO satellite are regional mobile telecommunications services, direct-to-home broadcasting, and internet. Rising government regulations resulted in development of hosted payloads that run independently by utilizing power from the satellite. The US military largely used both GEO and LEO satellites for the army, which add them in providing detailed radar pictures and transmit them to the soldiers

Communication & navigation segment is projected to hold a major market share
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 huge adoption of flexible payloads in telecommunication segment. The development of High Throughput Satellites (HTS) is major factor for fueling the segment growth. The enormous increase in CAPEX efficiencies of satellites and notable downtrend in the price of data have changed the communication industry. The technological trend in communication payloads is the development of power amplifiers, channelization, internet routers in space, and space-based inflatable reflector antenna. Furthermore, payloads are broadly used in applications based on remote sensing which is used in land use mapping, agriculture for the crop monitoring, and disaster monitoring & mitigation, watercourse monitoring. Latest innovations including digital sensors in remote sensing is able to scan wide areas of the earth’s surface and transfer this data to satellite ground stations.

Commercial segment is expected to register a significant pace
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 of broadband internet services and high-definition videos. The requirement of high-definition videos rises the demand of higher satellite capacity by allowing plyers to enhance their in-orbit fleets. Moreover, because of easy programming and launching of the commercial satellites, they are most suitable and popular as compared to other end-use industries. The intentional shift in federal policy to apply private sector satellite launch is expected to influence the industry growth over the forecast period. Rising demand of telecommunication and earth observation satellites, the commercial segment is projected to grow in the coming years. With rise in demand of earth observation data the introduction of payloads are rising constantly. Spatial and global coverage along with high precision and accurate data is given by earth observation mission.
 

Satellite Payloads Market By end Users


North America is expected to dominate the market
On the basis of regions, the satellite payloads market is categorized as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. The North America is anticipated to dominate the market during the forecast period. The regional market growth can be attributed to huge number of satellite launches. Furthermore, the rising expenditure on space technologies by government and presence of major market players in the field is anticipated to fuel the regional market growth. Lately, a military communication satellite is launched by the U.S. military which is projected to drive the soldier’s communication.

On the other hand, the market of 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 commercialization of space and huge demand in regional space industry are factors responsible for boosting the market growth.
 

Satellite Payloads Market By Regions

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 Group
     11.4.2. Honeywell International Inc.
     11.4.3. Lockheed Martin Corporation
     11.4.4. Raytheon Corporation
     11.4.5. The Boeing Company

Segments Covered in the Report
The global satellite payloads market has been segmented on the basis of

Orbits

  • Low Earth Orbit (LEO)
  • Medium Earth Orbit (MEO)
  • Geostationary Earth Orbit (GEO)

Applications

  • Communication & Navigation
  • Remote Sensing
  • Surveillance
  • Others

End-users

  • Civil
  • Military
  • Commercial

Regions

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

Key Players

  • Airbus Group
  • Honeywell International Inc.
  • Lockheed Martin Corporation
  • Raytheon Corporation
  • The Boeing Company

Key players competing in the satellite payloads market are Airbus Group, Honeywell International Inc., Lockheed Martin Corporation, Raytheon Corporation, and The Boeing Company. Major market players are adopting several business strategies such as mergers, acquisitions, partnerships, collaborations, capacity expansion, and product launches to enhance their market shares.
 

Satellite Payloads Market By Key Players

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