Pune, India, April 06, 2022 (GLOBE NEWSWIRE) — The global satellite bus market size was USD 27.67 billion in 2020. The market is projected to grow from USD 30.08 billion in 2021 to USD 54.33 billion in 2028 at a CAGR of 8.81% in the 2021-2028 period. This information is provided by Fortune Business Insights™ , in its report, titled, “ Satellite Bus Market, 2021-2028 .”
Based on the research conducted by our analysts, the production of the spacecraft bus mainly concentrates on three prime aspects such as payload carrying capacity, heat dispersal of the spacecraft bus, and payload lifting power allocation.
List of Key Players Covered in the Satellite Bus Market Report: Airbus (Netherlands)
Boeing (U.S.)
Centum (India)
Honeywell International Inc. (U.S.)
IAI (Israel)
L3Harris Technologies, Inc. (U.S.)
Lockheed Martin Corporation (U.S.)
Maxar Technologies (U.S.)
Mitsubishi Electric Corporation (Japan) Northrop Grumman (U.S.) OHB SE (Germany) Thales Group (France) Request a Sample PDF Brochure: https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/satellite-bus-market-102608 COVID-19 Impact High Demand for Small Satellite amid Pandemic to Impact Market Growth Moderately The current COVID-19 pandemic has majorly affected the space industry, but the market research has displayed average growth in 2020 and is predicted to grow during the forecast period.The budget of governmental or commercial satellite bus market players intended for space industry development or space launches has deteriorated, owing to distribution of the budget toward curbing the spread of the novel coronavirus and associated infrastructure expenditure. Segments Size, Subsystem, Application, and Region are Studied Based on size, the market is segregated into small satellite, medium satellite, and heavy satellite. The small satellite segment held the highest share in 2020 and is estimated to show remarkable growth during the forecast period.On the basis of subsystem, the market is segmented into structures and mechanisms, thermal control system, electric power system, altitude control system, telemetry tracking & control (TT&C), flight software, and propulsion system.In terms of application, the satellite bus market is categorized into Earth observation & meteorology, communication, scientific research & exploration, surveillance & security, and mapping & navigation.Geographically, the global market is classified into North America, Europe, Asia Pacific, and the rest of the world. Report Coverage The report offers a rounded review of the market along with present trends and upcoming predictions to institute approximate investment gains. A well-rounded examination of any forthcoming occasions, jeopardies, competitions, or growth factors is also stated in the report. A thorough, […]
