Satellite Payload Market Overview:

According to IMARC Group latest report titled “Satellite Payload Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027”, offers a comprehensive analysis of the industry, which comprises insights on satellite payload industry report. The report also includes competitor and regional analysis, and contemporary advancements in the global market. The market reached a value of US$ 15.67 Billion in 2021. The Global Satellite Payload Market to reach US$ 22.54 Billion by 2027, exhibiting at a CAGR of 6.3% during 2022-2027.

Satellite payloads are core operational components of the satellite assembly that offer diverse functionalities, including communication capabilities while the satellite is in orbit. Satellite bus carries subsystems and payloads, whereas payload performs specific functions, such as imaging, remote sensing, navigation, space exploration, and communication while in orbit. It comprises numerous equipment, such as repeaters, spectrometers, transponders, antennas, and cameras. Remote sensing and earth observation require radar, cameras, and sensing equipment to collect relevant data and imaging. This obtained data is then transferred to the ground receiver for further processing.

As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.

Market Trends:

The global market is majorly driven by significant growth in the aerospace sector. This is supported by the growing demand for low earth orbit (LEO)-based and earth observation imagery payloads. Along with this, the rising adoption of small satellites for telecommunication, earth observation, and imaging is significantly supporting the market globally. Additionally, small satellites are gaining in popularity across the defense and intelligence, government, and commercial organizations for launching low-cost and efficient payload. This is further boosting the market growth. Moreover, the increasing deployment of SDR payload technology in space missions is creating a positive market outlook. Some of the other factors driving the market further include increasing investments by several governments in space technology and the growing use of hosted payloads.

Competitive Landscape with Key players:

The report has also analysed the competitive landscape of the market with some of the key players being.

• Airbus SE
• Gomspace A/S
• Honeywell International Inc.
• L3harris Technologies Inc.
• Lockheed Martin Corporation
• Maxar Technologies Inc.
• Mitsubishi Electric Corporation
• Northrop Grumman Corporation
• Sierra Nevada Corporation
• Thales Group
• The Aerospace Corporation
• The Boeing Company

Satellite Payload Market Segmentation:

Our report has categorized the market based on region, type, orbit, frequency band, application and end use industry.

Type:

• Minisatellite
• Microsatellite
• Nanosatellite
• Others

Orbit:

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

Frequency Band:

• C, K/KU/KA Band
• S and L Band
• X Band
• VHF and UHF Band
• Others

Application:

• Earth Observation and Remote Sensing
• Satellite Communication
• Science and Exploration
• Mapping and Navigation
• Space Observation
• Others

End User:

• Commercial
• Academic
• Government and Military
• Others

Breakup by Region:

• North America (United States, Canada)
• Europe (Germany, France, United Kingdom, Italy, Spain, Others)
• Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
• Latin America (Brazil, Mexico, Others)
• Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)

Key highlights of the report:

• Market Performance (2016-2021)
• Market Outlook (2022-2027)
• Porter’s Five Forces Analysis
• Market Drivers and Success Factors
• SWOT Analysis
• Value Chain
• Comprehensive Mapping of the Competitive Landscape

1    Preface
2    Scope and Methodology
2.1    Objectives of the Study
2.2    Stakeholders
2.3    Data Sources
2.3.1    Primary Sources
2.3.2    Secondary Sources
2.4    Market Estimation
2.4.1    Bottom-Up Approach
2.4.2    Top-Down Approach
2.5    Forecasting Methodology
3    Executive Summary
4    Introduction
4.1    Overview
4.2    Key Industry Trends
5    Global Satellite Payload Market
5.1    Market Overview
5.2    Market Performance
5.3    Impact of COVID-19
5.4    Market Forecast
6    Market Breakup by Type
6.1    Minisatellite
6.1.1 Market Trends
6.1.2 Market Forecast
6.2    Microsatellite
6.2.1 Market Trends
6.2.2 Market Forecast
6.3    Nanosatellite
6.3.1 Market Trends
6.3.2 Market Forecast
6.4    Others
6.4.1 Market Trends
6.4.2 Market Forecast
7    Market Breakup by Orbit
7.1    Low Earth Orbit (LEO)
7.1.1 Market Trends
7.1.2 Market Forecast
7.2    Medium Earth Orbit (MEO)
7.2.1 Market Trends
7.2.2 Market Forecast
7.3    Geostationary Earth Orbit (GEO)
7.3.1 Market Trends
7.3.2 Market Forecast
7.4    Beyond Geosynchronous Orbit
7.4.1 Market Trends
7.4.2 Market Forecast
8    Market Breakup by Frequency Band
8.1    C, K/KU/KA Band
8.1.1 Market Trends
8.1.2 Market Forecast
8.2    S and L Band
8.2.1 Market Trends
8.2.2 Market Forecast
8.3    X Band
8.3.1 Market Trends
8.3.2 Market Forecast
8.4    VHF and UHF Band
8.4.1 Market Trends
8.4.2 Market Forecast
8.5    Others
8.5.1 Market Trends
8.5.2 Market Forecast
9    Market Breakup by Application
9.1    Earth Observation and Remote Sensing
9.1.1 Market Trends
9.1.2 Market Forecast
9.2    Satellite Communication
9.2.1 Market Trends
9.2.2 Market Forecast
9.3    Science and Exploration
9.3.1 Market Trends
9.3.2 Market Forecast
9.4    Mapping and Navigation
9.4.1 Market Trends
9.4.2 Market Forecast
9.5    Space Observation
9.5.1 Market Trends
9.5.2 Market Forecast
9.6    Others
9.6.1 Market Trends
9.6.2 Market Forecast
10    Market Breakup by End User
10.1    Commercial
10.1.1 Market Trends
10.1.2 Market Forecast
10.2    Academic
10.2.1 Market Trends
10.2.2 Market Forecast
10.3    Government and Military
10.3.1 Market Trends
10.3.2 Market Forecast
10.4    Others
10.4.1 Market Trends
10.4.2 Market Forecast

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