Satellite Payloads Market Report

Satellite Payloads Market Report, By Orbit Type (Low Earth Orbit (LEO), Medium Earth Orbit (MEO), Geostationary Earth Orbit (GEO)), Payload Weight (Low, Medium, High) Application and Geography – Global Market Share, Trend Analysis & Forecast , 2019 - 2028

Report Code : 11237 | Publish Date : Upcoming | Industry : Technology | Geography : Global


COVID-19 Impact Analysis on Global Satellite Payloads Market

The exclusive COVID-19 impact analysis report by Axiom MRC provides a 360 degree analysis of micro and macro-economic factors on the global Satellite Payloads market. In addition, complete analysis of changes on the global Satellite Payloads market expenditure, economic and international policies on supply and demand side. The report also studies the impact of pandemic on global economies, international trade, business investments, GDP and marketing strategies of key players present in the market. The surge in COVID-19 and supply chain disruptions have not much impacted the satellite sectors. The impact of COVID-19 was analyzed in three scenarios: realistic, optimistic, and pessimistic. However, realistic scenarios were considered for further calculations. Production of satellite systems, components and assembly lines was moderate. The launch has been delayed due to the impact of COVID-19 on the space industry. Production activities ceased and some companies filed for bankruptcy. Current satellite launch contracts and supply of satellite subsystems are expected to continue on a revised schedule, with launches expected to recover rapidly from 2022. In June 2020, the U.S. military awarded a contract to launch a small satellite to fund COVID-19 relief. According to the U.S. Department of Defence procurement notice, exclusive supply agreements are signed between Aevum, Astra, XBow, Rocket Lab, Space Vector and VOX Space.

Market Overview- Global Satellite Payloads Market

Market Drivers 

The key factor driving the market growth are ongoing technological advancement in satellite payload as well as space technology and number of satellites launches around the globe. The ongoing technological advancement in satellite payload as well as space technology and number of satellites launches around the globe is driving the growth of satellite payloads around the globe. Similarly, the rising investment into research and development in making more lighter, durable and cost-efficient payloads is expected to fuel the market growth in the future. Communication payload in telecom satellite is the largest application as they require continuous performance development and technological improvement to meet the worldwide demand. 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. 

Market Opportunity

The global Satellite Payloads market is expected to witness increasing new growth opportunities for market. Flexibility and ability to reconfigure a satellite payloads that is already in orbit are something operators have been asking for years. Especially for operators of Geostationary Orbit (GEO) satellites payloads that usually have lifespans of 15 years or more, the ability to adjust the spacecraft to the changing needs of the market is essential. That might include moving a satellite into a different position or even switching its functionality from TV broadcasting to internet connectivity—something that would be impossible with the traditional hardware-defined satellite payloads. Recently American satellite manufacturer Lockheed Martin launched a bunch of CubeSats into the Low-Earth Orbit (LEO). These CubeSats, however, will be somewhat different from regular CubeSats

Market Restraints

The major restraining factor for the global Satellite Payloads market are government policies related to satellite launch, high development cost and lack of intellectual assets. Government policies at both the nation-state and international levels directly or indirectly influence the evolution of the small satellite ecosystem and industry. Currently, there is no comprehensive global or domestic on-orbit regulation regime. There are regulations related to the launch and re-entry of satellites in the spectrum, and remote sensing in the US; for example, there are no regulations related to on-orbit activities, such as rendezvous and proximity operations, space-based Space Situational Awareness (SSA), or RF mapping. Internationally, with more than 70 countries engaged in satellite payloads activities, a consensus has not been reached, and there are a few indicators that depict that there will be a comprehensive global regime beyond the high-level dictates in the Outer Space Treaty.  

Market Growth Challenges

The major growth challenge for the market is Concern over space debris and rising capital for satellite payloads manufacturing and launch. Satellite payloads may pose a threat to the space environment as they are often launched in densely populated orbits. This is because small satellite payloads are subsidiary payloads that are piggybacked on launches dedicated to much larger and more expensive satellites. They are generally deployed near or with other large satellites. These large satellites are positioned in sun-synchronous orbits or geostationary transfer orbits, which have space debris. Nano satellites and microsatellites lack the maneuverability required to move around in such orbits. Native radar signatures of these satellite payloads are typically small and often below the threshold of perception for space surveillance sensors. 

Cumulative Growth Analysis

The report provides in-depth analysis of global Satellite Payloads market, market size, and compound annual growth rate (CAGR) for the forecast period of 2022-2028, considering 2021 as the base year. With increasing demand for various Satellite Payloads  in various applications  has led the increasing demand for  market and is expected to witness the growth at a specific CAGR from 2021-2028. 


Market Segmental Overview

The global Satellite Payloads market comprises of different market segment like Orbit Type, PayLoad Weight, Application and Geography. 

Satellite Payloads Market by Orbit Type 

By orbit type the satellite payload market is divided into low earth orbit (LEO), Medium Earth orbit (MEO) and Geostationary Earth Orbit (GEO). A low earth orbit is one that is closer to the earth's surface. LEO has an altitude of less than 1000 kilometres but can be as low as 160 kilometres above the earth's surface. Low orbital is useful for satellite imaging because of its close proximity to Earth, but it isn't very useful for telecommunication because it moves at a much faster speed and requires a lot more effort to track. LEO satellites do not always follow the same path around the Earth; their plane can be tilted, which means a satellite will have more available routes in LEO, and thus LEO is the most commonly used orbit. In this orbit, the communication satellite forms a net around the Earth, providing constant coverage. A medium range orbit, on the other hand, is located between LEO and GEO. MEO satellites are used for navigation. Because they are at a higher altitude, satellites in this orbit can cover a large portion of the Earth's surface. This reduces the need for satellites to cover the entire earth's surface. However, because of their high altitude, MEO satellites require more transmission power than LEO satellites.

Satellite Payloads Market by PayLoads Weight

On the basis of payload weight, the satellite payload market is divided into low, medium and high weight. 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. A minisatellite, microsatellite, Nano satellite, or Pico satellite is a small payload satellite. A minisatellite weighs between 100 and 500 kg, a microsatellite weighs between 10 and 100 kg, a Nano satellite weighs between 1 and 10 kg, and a Pico satellite weighs less than 1 kg. Medium payload satellites range in weight from 500 to 1000 kg. Medium payload satellites are mostly used for navigation.

Satellite Payloads Market by Application

On the basis of application, the satellite payload market is used for communication, mapping and navigation, security and surveillance, remote sensing and others which include earth and space observation, meteorology and scientific research. 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. The mapping and navigation system is extremely useful for military, navy, and air force personnel navigating in remote areas. Military uses satellites for security and surveillance for aerial surveillance along the country's borders. This allows military personnel to determine enemy positions during combat and devise effective strategies to protect the country's borders. Surveillance can also assist an army in determining routes for their convoy in remote areas such as high altitude mountains and terrains where permanent roads cannot be built. Satellite remote sensing is used to detect and monitor physical characteristics of an area. 

Satellite Payloads Market by Geography

The global Satellite Payloads market is studied for the following region North America, Europe, Asia-Pacific and Rest of the world (RoW). During the forecasted period, the global market for satellite payloads is expected to grow at a CAGR of 12.94 percent. 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. In this region, Russia, U.K. and Germany are some of the important market for the satellite payloads since these countries have advanced technical advancement. The United States is the leading country in this region for satellite payloads; approximately half of the operating satellites in earth orbit are also owned by the United States, and the country is constantly focusing on the launch of new satellites. The Asia-Pacific region has led the satellite payloads market. The reason for this growth is increased technical innovation, lower launch costs, and the development of automation technologies in recent years. The market for satellite payloads is expanding rapidly in Europe, as European countries assist one another in expanding. 

Competitive Landscape Analysis

The competitive landscape analysis of Satellite Payloads market is certainly based range of market players operating in the food & beverage market with increasing demand for production of Satellite Payloads. Besides, number of market players offered wide range of products for different application in various geographic locations. The market has major competitive analysis based on new product launches as well as other developments. 

The key players studied in market are 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.

Recent Development:

January 2021: The Space Development Agency awarded SpaceX a USD 149 Million contract and L3Harris a USD 193.5 Million contract to each build 4 satellites to detect and track ballistic and hypersonic missiles.

December 2020: Arianespace signed a contract with Airbus to launch 4 optical observation satellites for the Composante Optique 3D (CO3D) constellation. These Earth Observation (EO) satellites are being developed with the French Space Agency (CNES) and will be launched on a Vega C rocket in 2023 from the Guiana Space Center.

December 2020: The US Space signed a contract with?Lockheed Martin?worth?USD 511 Million?for?buying 2 more GPS satellites.?

September 2020: Northrop Grumman received a USD-298-Million contract to develop a jam-resistant military satellite to supplement and eventually replace the existing AEHF satellites made by Lockheed Martin.

Satellite Payloads Market Summery

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. Likewise, global Satellite Payloads market comprises of different market segment like orbit type Payloads, application and geography. Global Satellite Payloads Market is based on Orbit Type, Payload Weight, Application and Geography. 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.The key competitors of this market include 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.

Scope of the Report

  • Market Sizing for Year : 2021-2028
  • Base Year : 2021
  • Forecast Period : 2022-2028
  • Value : USD million 
  • Market Segment studied: Orbit Type, Pay Loads, Application and Geography.
  • Market Players and its Competitors: 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.

FAQ Section-

1) What are the drivers for Satellite Payloads market?

The key driving factors of the market are increasing ongoing technological advancement in satellite payload as well as space technology and number of satellites launches around the globe

2) Which is the leading application segment for Satellite Payloads market?

Communication has accounted the major market share, and is expected to witness the growth at highest pace during the forecast period.

3) Which region is gaining majority of market share during the forecast period (2021-2028)? 

North America is expected to gain major market share during the forecast period (2021-2028).