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Global Satellite Payloads Market Report 2021-2026

Dublin, 13 July 2021 (GLOBE NEWSWIRE) – The “Market of satellite payloads by type (communication, images, software-defined payload, navigation), satellite (CubeSat, small satellite, medium satellite, large satellite), orbit, application, end user, frequency and region – forecasts until 2026 . “ report added to ResearchAndMarkets.com supply.

The size of the satellite payload market is projected to increase from $ 3.7 billion in 2021 to $ 11.3 billion by 2026 with a CAGR of 24.8% from 2021 to 2026.

The satellite payload market is growing at a significant pace worldwide and a similar trend is expected to be observed over the forecast period. Current advances in space technology and satellite payloads, the growing number of satellite launches and growing investment in industrial automation are fueling the growth of the satellite payload market. Continuous advances in the miniaturization of satellite payloads through technological advances in digital components, low mission costs, and the increasing use of satellite constellations (containerization) are the main drivers of growth in this market.

The satellite payload market is dominated by several globally established players such as Airbus Defense and Space (Germany), Northrop Grumman (USA), Raytheon Technologies Corporation (USA), Lockheed Martin Corporation (USA) and Thales Alenia Space (France), L3Harris Technologies (USA), among others.

These players have spread their business to various countries, including North America, Europe, the Asia-Pacific region, the Middle East, Africa and South America. COVID-19 has to some extent influenced the growth of the satellite payload market and this varies from country to country. Industry experts believe the pandemic has not affected demand for satellite cargo in commercial, government and defense applications.

The communication segment of the market is expected to grow with the highest CAGR in 2021-2026.

The acceptance of laser / optical communication payload in the commercial and defense industry is leading to the growth of the communication payload market. Software-defined payloads, images and cargo-type navigation also increase their market in segment by type, in turn stimulating the growth of the satellite payload market.

Based on the satellite, the small satellite sub-segment is expected to witness the highest CAGR over the forecast period.

Growing technologies and the adoption of mini, micro and nano satellites for remote monitoring, ground surveillance, communication and other applications are contributing to the growth of this market. Cubes and medium-sized satellites are growing at approximately the same rate, which in turn is contributing to the growth of the satellite payload market.

The North American region is expected to account for the largest share of the satellite payload market in 2021.

Satellite payloads in the North American region are expected to witness significant growth over the forecast period due to increased investment and R&D spending by countries in the region. The successful implementation of flexible payloads in space has led to an increase in the number of space expeditions and through technological breakthroughs in satellite payloads and ingenious insights gained from past satellite missions, increased investment by existing and new market players. Famous players from this region include Northrop Grumman (USA), Raytheon Technologies (USA), Lockheed Martin (USA) and others.

The main companies presented in the report include Airbus Defense and Space (Germany), Northrop Grumman (USA), Raytheon Technologies Corporation (USA), Lockheed Martin Corporation (USA), Thales Alenia Space (France), L3Harris Technologies, Inc. (USA) and Sierra Nevada Corporation (USA), among others.

Market dynamics

Drivers

  • Growing demand for Leo-based satellite payloads

  • Growing demand for payloads of Earth observation images

  • Growing demand for commercial components (Cats) for Cubesat payloads

  • Emerging reception of Sdrs in communication satellites

  • Escalating demand for reconfigurable Sds

  • Growing investments by venture capitalists in space exploration missions

Opportunities

  • Growing demand for payload for optical communication

  • Increasing the use of hosted payloads

  • Increasing acceptance of Sdr payload technology in space missions

  • Increased investment by several governments in space technology

  • Escalating use of small satellite payloads in many areas of application

Challenges

Limits

  • Strict government policy related to satellite launches

  • Average sales prices of satellites

  • Impact of COVID-19 on the payload satellite market

Scopes and scenarios

Satellite payload ecosystem

Industry trends

Technological trends

  • Quantum Satellite Platform software

  • Miniaturization in space technology

  • Use hosted payload strategies

  • Launches Rideshare (secondary payload) for small satellites

  • Use small satellite payloads to provide enhanced space images

  • Modern small satellite & Cubesat technologies

Technological analysis

  • Field programmable portal array technology

  • Analog-to-digital converters and digital-to-analog converters

  • Digital signal processors

Impact of Megatrends

  • Next generation laser sensor, useful for landing on the Moon and Mars

  • Development of a new generation of Cubesats for lunar exploration

  • Cognitive radio technology (Sdr-Cr)

Cases of use

  • Use case: Satellites defined by next generation software

  • Case of use: Eutelsat Quantum – a new generation communication satellite

  • Case of use: Satellite radiation hardness test

Patent analysis

Company profiles

  • Airbus defense and space

  • Blue Canyon Technologies Inc.

  • Common dynamic mission systems

  • Gomspace

  • Honeywell International Inc.

  • Kuiper Systems (Amazon)

  • L3Harris Technologies

  • Lockheed Martin Corporation

  • Lucix Corporation

  • MDA Ltd.

  • Mitsubishi Electric Corporation

  • Northrop Grumman Corporation

  • OHB Se

  • Oneweb

  • Planet Labs

  • Raytheon Technologies

  • Sierra Nevada Corporation

  • Space System / Loral, LLC (Maxar)

  • Spacex

  • St Engineering

  • Surrey Space Technology Limited

  • Thales Alenia Cosmos

  • Boeing

  • Viasat, Inc.

For more information about this report, visit https://www.researchandmarkets.com/r/j0mls1

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