With The Increased Number Of Satellite Launches, The Satellite Bus Market Is Expected To Exceed $13 Billion By 2026 - By The Business Research Company

News provided by

Nov 23, 2022, 11:20 ET

LONDON, Nov. 23, 2022 /PRNewswire/ -- The increasing number of satellite launches is expected to propel the satellite bus market growth during the forecast period. Growing satellite launches by both public and commercial companies are anticipated to accelerate the deployment of satellite buses, which is anticipated to drive market expansion. For example, in 2022, SpaceX, a US-based company that designs, manufactures advanced rockets and spacecraft, launched 32 satellites for Starlink Mission, a satellite internet constellation operated by SpaceX to provide satellite Internet access coverage and broke the annual launch record.

Avail a limited period discount of 33% on our uniquely designed Opportunities and Strategies market research reports. Contact us today and make winning strategies.

The global satellite bus market size is expected to grow from $10.42 billion in 2021 to $11.04 billion in 2022 at a compound annual growth rate (CAGR) of 4.98%. The global satellite bus market share is expected to reach $13.62 billion in 2026 at a CAGR of 5.39%.

Request a free sample of the Satellite Bus Market Report

3D Printing Is A Key Trend In The Satellite Bus Market

The increasing use of 3D printing is a key trend gaining popularity in the satellite bus market. Companies are applying advanced and additive manufacturing techniques, including 3D printing in satellite buses, to provide faster cycle times while improving performance. For example, in March 2022, Millennium Space Systems, a US-based aerospace company, planned to launch a 3D printed metal satellite structure to orbit and planned to start offering satellite buses with the 3D printed structure.

Shortage Of Skilled Workers Is Expected To Limit The Growth Of The Satellite Bus Market

As per the satellite bus market forecast, lack of skilled workers is restraining the growth of the satellite bus market during the forecast period. Due to the highly specialized nature of the industry, with new technologies and processes coming in and a constant focus on cost reduction, companies in the industry will require a talented, engaged and increasingly specialized workforce. But there is a shortage of skilled professionals in the industry.

Satellite Bus Market Segmentation

The global satellite bus market analysis is segmented -

1) By Type: Small Satellite, Medium Satellite, Large Satellite

2) By Application: Earth Observation and Meteorology, Communication, Scientific Research and Exploration, Others

See more on the Satellite Bus Market Report

Check out similar market reports:

Satellite Manufacturing And Launch Systems Global Market Report 2022 – By Technology Type (Satellite Manufacturing, Satellite Launch System), By Satellite Type (Lower Earth Orbit (LEO) Satellites, Medium Earth Orbit (MEO) Satellites, Geosynchronous Equatorial Orbit (GEO) Satellites, Beyond GEO Satellites), By Application (Commercial Communications, Government Communications, Earth Observation Services, Research And Development, Navigation, Military Surveillance, Scientific Applications, Other Applications), By End-User (Military And Government, Commercial, Other End-Users) – Market Size, Trends, And Global Forecast 2022-2026

Low Earth Orbit (LEO) Satellites Market 2022 – By Type (Micro, Nano, Mini, Pico, Femto), By Sub-System (Payload, Structure, Telecommunication, On-Board Computer, Power System, Attitude Control, Propulsion System), By Application (Technology Development, Earth Observation And Remote Sensing, Communication, Space Exploration, Surveillance), By End-User (Commercial, Civil, Government, Others), And By Region, Opportunities And Strategies – Global Forecast To 2031

Space Propulsion Global Market Report 2022 – By Type (Chemical Propulsion, Non-Chemical Propulsion), By Platform (Satellites, Capsules\Cargos, Interplanetary Spacecraft & Probes, Rovers/Spacecraft Landers, Launch Vehicles), By End User ( Commercial, Government & Defense), By System Component (Chemical Propulsion Thrusters, Electric Propulsion Thrusters, Propellant Feed Systems, Rocket Motors, Nozzles, Propulsion Thermal Control, Power Processing Units), By Orbit (Low Earth Orbit (LEO), Medium Earth Orbit (MEO), Geostationary Earth Orbit (GEO), Beyond Geosynchronous Orbit) – Market Size, Trends, And Global Forecast 2022-2026

Interested to know more about The Business Research Company?

The Business Research Company is a market intelligence firm that excels in company, market, and consumer research. Located globally, it has strategy enablement specialists in a wide range of industries including manufacturing, healthcare, financial services, chemicals, and technology.

The World's Most Comprehensive Database

The Business Research Company's flagship product, Global Market Model, is a market intelligence platform covering various macroeconomic indicators and metrics across 60 geographies and 27 industries. The Global Market Model covers multi-layered datasets which help its users assess supply-demand gaps.

Contact Information

The Business Research Company
Europe: +44 207 1930 708
Asia: +91 8897263534
Americas: +1 315 623 0293
Email: [email protected]
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Blog: http://blog.tbrc.info/
Healthcare Blog: https://healthcareresearchreports.com/