New York, March 2022: Axiom Market Research & Consulting™ added a report on Satellite payload market which includes study on product, scar type, end user, and geography. Satellite payload market was projected to grow at a CAGR of 12.94 % for the forecast period 2022 to 2028. The global market is estimated and forecasted in terms of revenue (USD Million) generated by the Satellite payload market.

Satellite payloads are an essential part of a space mission. A satellite payload is basically communication antennas, receivers or transmitters or SDR platforms. External structure, batteries and solar panel in the satellite can also be considered as its payload. Satellite payloads are mainly used for earth observation, communication and navigation applications. Nowadays due to advancement in technology the RF payloads are getting lighter in weight with the use of digital signal processing and use of optical technology in some case.  The satellites are also being extensively used for mapping and navigation to provide precise and accurate location to the user. Countries are investing a huge amount of money on navigation satellites to upgrade its current navigational and mapping system. 

The report analyses the Satellite Payloads by orbit type, the market is segmented into low earth orbit (LEO), medium earth orbit (MEO) and geostationary earth orbit (geo). By payload weight, the market is classified into low, medium and high. By application, the market is based on communication, mapping and navigation, security & surveillance, remote sensing and others. The satellite payloads market is studied across various key countries of regions such as, North America, Europe, Asia pacific and rest of the world. 

Low Earth Orbit market is leading the Satellite payload market

The major components used in RF over fibre market includes optical transmitter fibre optic cable optical receiver and optical amplifiers. Optical transmitter is an essential part of RF-Over-Fibre market, optical transmitter receives electrical signal and then process them into optical signal which can further be transmitted easily via an optical transmission medium. Likewise, fibre optic cables are similar to electric cable just that they are made up of thin stand of pure glass which acts like waveguide for the light and it works on principle of internal refraction. 

High or large payload is likely to lead the Satellite payload market

High or large payload satellites are those that weigh more than 1000kg, carry a much heavier payload, travel a longer distance, and are used for space exploration. These satellites must travel very long distances, necessitating a large payload of more powerful instruments such as antennas, higher radio frequency, and improved computing power. They are also outfitted with larger solar panels, as their distance from the sun necessitates larger panels in order to generate electricity. 

Communication is likely to dominate the Satellite payload market

Air-to-ground and space-to-ground communications have advanced dramatically in the last decade. The interaction between airborne and ground stations, in particular, has advanced significantly. As a result, the use of communication satellites is increasing. Satellites are used for mapping and navigation to provide precise information about position, routes, speed, and timing. 

North America is expected to lead the Satellite payload market

For satellite payloads, the North America region is considered to be the dominant region due to a variety of factors, the most important of which is the presence of a large number of companies in this region that are actively working in the field of space exploration and investing heavily in research in this field. Furthermore, the region is known for well-known space agencies such as NASA, which is one of the most well-known space agencies in the world. In this region, commercial companies are emerging as an important pillar for the space program, also increased investment in space program by various regulatory bodies is helping the satellite payloads market to grow further.

Key Players

Airbus S.A.S., Boeing Company, Harris Corporation, Honeywell International Inc., Intelsat Corporation, Lockheed Martin Corporation, Raytheon Company, Space Exploration Technologies Corp., Thales Group, Viasat, Inc., Space Systems/Loral, LLC, General Dynamics Mission Systems, GOMspace, SpaceX, Sierra Nevada Corporation among others.   

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