Satellite Payloads Market is projected to reach USD 18.15 billion by 2022

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Jun 05, 2017, 13:29 ET

LONDON, June 5, 2017 /PRNewswire/ -- Highlights

· Increased demand for hosted payloads, satellite miniaturization, and satellite cost reduction will drive the satellite payloads market

· The satellite payloads market is estimated to be USD 11.84 billion in 2017 and is projected to reach USD 18.15 billion by 2022, at a CAGR of 8.92% during the forecast period.

· Increased demand for hosted payloads, satellite miniaturization, and reducing costs of satellites are factors expected to fuel the growth of the satellite payloads market.

· The LEO segment is expected to lead while the GEO segment is projected to witness the highest growth in the satellite payloads market during the forecast period

· The communication payload segment is expected to lead while the imaging payload segment is projected to witness the highest growth in the satellite payloads market during the forecast period

· The imaging payload segment is projected to witness the highest growth during the forecast period.

· This payload includes cameras and radars, which aid in capturing images and data for remote sensing during earth observation, surveillance, and mapping.

· The telecommunication segment is estimated to lead while the remote sensing segment is projected to witness the highest growth in the satellite payloads market during the forecast period

· North America is estimated to account for the largest share of the satellite payloads market in 2017

· The North American is estimated to lead the satellite payloads market in 2017.

· Disruptive technologies in the region's satellite industry help transform the way the companies do their businesses.

· The North American satellite payloads market is expected to witness high growth during the forecast period.

"Increased demand for hosted payloads, satellite miniaturization, and satellite cost reduction will drive the satellite payloads market"
The satellite payloads market is estimated to be USD 11.84 billion in 2017 and is projected to reach USD 18.15 billion by 2022, at a CAGR of 8.92% during the forecast period. Increased demand for hosted payloads, satellite miniaturization, and reducing costs of satellites are factors expected to fuel the growth of the satellite payloads market. However, high R&D cost and the scarce intellectual asset may act as restraints for the growth of the satellite payloads market.

"The LEO segment is expected to lead while the GEO segment is projected to witness the highest growth in the satellite payloads market during the forecast period"
Based on orbit type, the LEO (low earth orbit) segment is estimated to lead the satellite payloads market during the forecast period. Satellite payloads designed for LEO are mainly used for earth observation, remote sensing, and mobile & telecommunication services due to lower latency. The GEO (geosynchronous orbit) segment is projected to witness the highest growth during the forecast period. These satellites are majorly used for telephone networks, TV & radio broadcast, and weather forecast.

"The communication payload segment is expected to lead while the imaging payload segment is projected to witness the highest growth in the satellite payloads market during the forecast period"
Based on payload type, the communication payload segment is estimated to lead the satellite payloads market during the forecast period. This payload type, used for transmitting highly critical data, is used in the telecommunication and broadcasting industries on a larger scale. The imaging payload segment is projected to witness the highest growth during the forecast period. This payload includes cameras and radars, which aid in capturing images and data for remote sensing during earth observation, surveillance, and mapping.

"The telecommunication segment is estimated to lead while the remote sensing segment is projected to witness the highest growth in the satellite payloads market during the forecast period
Based on application, the telecommunication segment is estimated to dominate the satellite payloads market during the forecast period. Owing to the increase in research and development activities, communication-related missions are expected to offer enhanced quality communication systems with the help of highly sophisticated miniaturized on-board nano, micro, and mini subsystems. The remote sensing application segment is projected to witness the highest growth during the forecast period.

"North America is estimated to account for the largest share of the satellite payloads market in 2017"
The North American is estimated to lead the satellite payloads market in 2017. Disruptive technologies in the region's satellite industry help transform the way the companies do their businesses. The North American satellite payloads market is expected to witness high growth during the forecast period.

Break-up of profiles of primary participants in this report:
• By Company Type: Tier 1 – 35%, Tier 2 – 45%, and Tier 3 – 20%
• By Designation: C Level – 35%, Director Level – 25%, Others – 40%
• By Region: North America - 45%, Europe – 20%, Asia-Pacific – 30%, RoW – 5%

Key players profiled in the satellite payloads market report include Airbus Defence and Space (France), Boeing (U.S.), Thales Group (France), Lockheed Martin Corporation (U.S.), and Mitsubishi Electric Corporation (Japan), among others.

Research Coverage
The study segments the satellite payloads market on the basis of orbit type, payload type, payload weight, vehicle type, frequency band, application, platform, and maps these segments and subsegments across major regions, namely, North America, Europe, Asia-Pacific, and RoW. On the basis of orbit type, the satellite payloads market has been segmented into LEO, GEO, and MEO. On the basis of payload type, the market has been segmented into communication, imaging, navigation, and others. Based on payload weight, the market has been segmented into low, medium, and high. Based on vehicle type, the market has been segmented into small and medium-to-heavy. On the basis of frequency band, the market has been segmented into C, K/KU/KA band, S & L band, X band, VHF & UHF band, and others. And on the basis of application, the market has been segmented into telecommunication, remote sensing, scientific research, surveillance, and navigation. The report provides in-depth market intelligence regarding market dynamics and major factors, such as drivers, restraints, opportunities, and industry-specific challenges influencing the growth of the satellite payloads market, along with analyzing micromarkets with respect to individual growth trends, future prospects, and their contribution to the satellite payloads market.

Reasons to buy this report:
From an insight perspective, this research report focuses on various levels of analyses — industry analysis (industry trends), market share analysis of top players, supply chain analysis, and company profiles, which together comprise and discuss basic views on competitive landscape, emerging and high-growth segments of the satellite payloads market, high-growth regions, and market drivers, restraints, and opportunities.

The report provides insights on the following pointers:
• Market Penetration: Comprehensive information on satellite payload offerings by top players in the market

• Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product launches in the satellite payloads market

• Market Development: Comprehensive information about lucrative markets – the report analyzes the markets for satellite payloads across regions

• Market Diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments in the satellite payloads market

• Competitive Assessment: In-depth assessment of market shares, strategies, products, and manufacturing capabilities of leading players in the satellite payloads market
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