Report Code: A02758
The global satellite payload market was valued $8,210.9 million in 2020 and is projected to reach $17,603.4 billion in 2030, registering a CAGR of 8.3%.
The impact of the COVID-19 pandemic has resulted in delayed development and launches of satellite payload, slowdown in the operation of key players, and shortage of components. The pandemic has caused supply-chain disruptions leading to delayed launches of satellites. Shortage of components due to regulations associated with import and export of goods has also affected the market. Limited supply of liquid oxygen and liquid nitrogen owing to greater demand from hospitals to treat COVID-19 patients caused further delay in launch of payload. The satellite payload market has also been impacted by computer chip shortage due to manufacturing shutdowns in China, South Korea, and Taiwan. However, satellite services have been used during the pandemic to offer services such as voice, data, and broadband communication across the globe. Satellite services have enabled delivery of communication, navigation, Earth observation, and remote sensing services to healthcare, businesses, and government organizations throughout the pandemic.
Satellite payload is defined as modules carried on satellites with the ability to perform certain functionalities. Satellite consists of the payload and the bus. Satellite bus is used to carry subsystems and payloads, whereas payload is developed to perform specific functions such as communications, imaging, and navigation while in orbit. Satellite payload includes equipment such as transponders, repeaters, antennas, spectrometers, and cameras among others. Earth Observation and remote sensing applications use cameras, radar, and other sensing equipment for collecting relevant data. To enable delivery of satellite communication services, payload includes antennas, receivers, and transmitters, based both in-space and on the ground, for transmission and storage of the data needed.
Increasing adoption of small satellites for Earth observation, telecommunication, and imaging drives the growth of the market. Small satellites are increasingly being used by government, defense & intelligence, and commercial organizations to enable launch of low cost and efficient payload. Greater need of Earth observation for delivery of high resolution imagery for civil engineering & construction, agriculture & forestry, and transportation industries further accelerates the demand for satellite payload. Growth in investment by the defense sector for high speed communication services and navigation has resulted in market growth. Technological advancements, growing adoption of software defined satellites, and increasing trend of hosted payload is expected to further supplement the growth of this market. However, increasing concerns regarding space debris due to increasing launches of satellite payload coupled with stringent government regulations associated with satellite launch is expected to hamper the growth of the market. Furthermore, increasing adoption of satellite constellations for high speed communication services, and rising investments by governments and research organizations across the world are expected to offer growth opportunities during the forecast period.
The global satellite payload market is segmented on the basis of payload type, orbit type, vehicle type, payload weight, frequency band, application, and region. By payload type, it is fragmented into communication, imaging, and navigation. Based on orbit type, the market is classified into LEO, MEO, and GEO. On the basis of vehicle type, it is classified into small, medium, and heavy. The payload weight segment has been divided into low, medium, and high. Based on frequency type, the market is categorized into C band, Ka band, S and L band, X band, VHF and UHF band, and others. The application segment has been divided into telecommunication, remote sensing, scientific research, surveillance, and navigation. By region, the report is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Some leading companies profiled in the report include Airbus SE, The Boeing Company, Honeywell International Inc., Intelsat S.A., Lockheed Martin Corporation, Mitsubishi Electric Corporation, Northrop Grumman Corporation, Raytheon Technologies Corporation, Thales Group, and Viasat, Inc.
Small satellites are primarily used in civil, government, defense, and commercial sectors for earth observation and telecommunication applications. Small satellites are increasingly being used for high speed space based internet services. Organizations are increasingly using small satellites for technology demonstration, and scientific research and experimentation. Increasing use of small satellites among small and medium enterprises and startups is further expected to supplement the growth of this market during the forecast period.
Satellites are being miniaturized by using concepts such as advanced technology memory devices, System on Chip, MEMs/NEMS, SMD based systems, nano electrons devices, and solid state switches. Innovative manufacturing processes such as 3D printing are being implemented in satellite manufacturing to offer benefits such as short development time, reduced wastage of material, and lesser environmental impact.
The commercial sector is taking advantage of the small, fast and inexpensive systems to gain access to space based services. Several startups are investing in nanosatellite constellations to offer high speed communication, navigation, and imaging services. This new ecosystem includes high efficiency and cost-effective satellite control and monitoring software, specialized subsystems, solar panels, batteries and rockets among other elements.
The term 'New Space' is being used to describe the increasing commercialization of space and the privatized funding of organizations. The international space is evolving with greater global competition and new entrants. Large, medium-sized and startup businesses are investing in space technologies owing to flexible methodologies, short development, and lower prices. The market is witnessing innovative applications, emerging operators, and new sources of funding. The ‘New Space’ trend thrives upon technology and business model innovations offering decreased costs, new products and services and a wider customer base, thereby increasing returns for companies and investors.
Advances in miniaturization of components, microelectronics, materials, and software has increased the adoption of satellites. Development of launchers for low cost small satellites has encouraged organizations across the world to invest in satellite payload. Satellite payload is increasingly being used for technology testing, Earth observation, and space exploration. Advancements in microelectronics such as light weight apertures, antennas, panels, transreceivers, control sensors, actuators, and multi spectral imagers are expected to increase the efficiency and processing power of satellite payload and make it easy to assemble and test.
Satellite payload is used in the defense sector for delivery of secure, reliable, and mission-critical communication services. Use of satellite services by federal agencies, military, and law enforcement organizations enhances contextual awareness, improves decision making, accelerates responsiveness, and enables emergency first responders to maintain peace, and offer services to citizens. Mission critical communication and intelligence enables law enforcement organizations to stream video, access data, and collaborate in real time. Satellite payload enables responders to improve real-time decision-making capabilities through integration of voice communications, data applications, and command centers.
The COVID-19 crisis has created uncertainty in the market, massive slowing of supply chain, falling business confidence, and increasing panic among the customer segments. Governments of different regions have already announced total lockdown and temporarily shutdown of industries, thereby adversely affecting the overall production and sales.
The impact of the COVID-19 pandemic has resulted in delayed development and launches of satellite payloads and launching vehicles, slowdown in the operation of the key players, and shortage of components.
The pandemic has resulted in supply-chain disruptions causing delayed launches of satellites. Shortage of components owing to regulations associated with import and export of goods have also resulted in delayed manufacturing, and launch of satellites. Limited supply of liquid oxygen and liquid nitrogen owing to greater demand from hospitals to treat COVID-19 patients caused delay in the launch of satellites. The satellite launch services and satellite manufacturing has also been impacted by computer chip shortage, due to manufacturing shutdowns in China, South Korea and Taiwan.
However, satellite services have been used to offer services such as voice, data and broadcast communications solutions during the pandemic. Satellite payload has enabled delivery of navigation, earth observation, and remote sensing services for businesses, government, and consumers across the globe. Various initiatives have been undertaken by governmental organizations and companies to offer community and employee support. The United States Department of Homeland Security (DHS) named satellite operations as an essential part of functioning critical infrastructure for responding to the challenges of COVID-19.
Key Benefits For Stakeholders
Satellite Payload Market Report Highlights
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Growth of the satellite payload market is driven by numerous developments carried out by top satellite payload manufacturers. In addition, companies operating in the industry have received funding from government and private organizations, which has strengthened the growth of the market across the globe.
There has been increasing focus on reducing costs associated with satellite payload to offer telecommunication, imaging, and navigation services in the commercial sector. The leading players in the market are developing customized solutions and applications to cater to the customers’ growing needs, in addition to exploring novel technologies and applications through scientific research and technology demonstration.
Several developments have been carried out by key players operating in the satellite payload industry, especially in the defense sector, to strengthen tactical efforts. In September 2021, Northrop Grumman Corporation received a contract from the Defense Advanced Research Projects Agency (DARPA) Blackjack program for the second phase development of software-defined positioning, navigation and timing (PNT) payload. The contract aims at enhancing DARPA’s tactical technology through robust and cost-effective national security space capabilities from low Earth orbit (LEO). The PNT payload provides assistance in force projection & joint operations, autonomous & distributed missions, and difficult environments against advanced threats. The Blackjack program manager Stephen Forbes said “We’ve made the conscious effort to focus on tactical with this program. We really focused on payloads that had tactical utility, because they were an underserved market.”
Factors such as increased adoption of small satellites, technological advancements, greater use in commercial applications, and rise in demand from the defense sector supplement the growth of the satellite payload market. However, increase in concerns regarding space debris, and stringent government regulations regarding satellite launch are factors hindering the growth of the satellite payload market. Moreover, increase in investments by governments and private sector in space technology, and growing adoption of satellite constellations are expected to offer opportunities for growth of the market.
The increase in demand for satellite payload from emerging economies such as Asia-Pacific and LAMEA coupled with rise in involvement of commercial companies, startups, and educational institutes in the market is expected to supplement the market growth. Collaborations and acquisitions are expected to enable the leading players to enhance their product portfolios and expand into different regions. Major revenue for satellite payload is generated from North America, followed by Asia-Pacific.
A. The global satellite payload market was valued at $8,210.9 million in 2020
A. In July 2020, Airbus introduced its next generation retaskable software defined radio payload called Prometheus 1. The payload was launched on the Faraday-1 cubesat from New Zealand. Prometheus 1 is a software-defined radio with the ability to be reprogrammed in the orbit. In September 2021, Honeywell expanded its offerings through the launch of X Band Downlink Transmitter and Optical Communication Terminal (OCT). The products are aimed at enhancing transmission of high bandwidth data for small commercial satellites. In January 2021, Airbus and Intelsat have signed a multi-satellite contract for development of OneSat flexible satellites. The satellites will be operating in multiple frequency bands for Intelsat’s next-generation software-defined network. They are designed to be fully flexible, in orbit reconfigurable Software Defined Satellites.
A. The sample/company profiles for global satellite payload market report can be obtained on demand from the AMR website. Also, the 24*7 chat support and direct call services are provided to procure the sample report.
A. The opportunities in the global satellite payload market include increasing adoption of satellite constellations, and growing investments by governments in space technology.
A. The different types of satellite payload include communication payload, imaging payload, and navigation payload.
A. The company profiles of the top market players of satellite payload market can be obtained from the company profile section mentioned in the report. This section includes analysis of top ten player’s operating in the satellite payload market.
A. Satellite payload is used in applications such as telecommunication, remote sensing, scientific research, surveillance, and navigation.
A. The companies with most market share in satellite payload market include Lockheed Martin, The Northrop Grumman Corporation, and Airbus SE
A. The upcoming trends in the satellite payload industry include miniaturization, hospted payload, software defined satellite, and adoption of optical and photonic communication technologies
A. The companies manufacturing satellite payload include Airbus SE, The Boeing Company, Honeywell International Inc., Intelsat S.A., Lockheed Martin Corporation, Mitsubishi Electric Corporation, Northrop Grumman Corporation, Raytheon Technologies Corporation, Thales Group, and Viasat, Inc.
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