Summary

Global Satellite Payload Market is valued at approximately USD 8.79 billion in 2022 and is anticipated to grow with a healthy growth rate of more than 5.2% over the forecast period 2023-2030. The satellite payload refers to the specialized modules aboard satellites designed to execute specific functions. The satellite is composed of the payload and the bus, where the bus serves to transport subsystems and payloads. The payload is designed for distinct purposes like communication, imaging, and navigation. Components within a satellite payload comprise transponders, repeaters, antennas, spectrometers, and cameras. In earth observation and remote sensing applications, sensing equipment such as cameras and radar are utilized for data collection. The payload integrates antennas, receivers, and transmitters both in space and on the ground to facilitate the transmission and storage of required data for satellite communication services. The surge in demand for LEO-based satellite payloads, the rise in adoption of earth observation imagery payloads and increasing government investment in defence, security, and commercial applications are the most prominent factors that are propelling the market demand across the globe.

Also, the growth of satellite constellations is propelling the expansion of the satellite payload market. Satellite constellations, comprised of identical or similar artificial objects, deliver continuous global coverage by transmitting data to ground stations worldwide. In November 2023, the U.K., in collaboration with Spain and Portugal, announced plans to launch a new constellation for climate change research and disaster monitoring. In addition, the demand for innovative sensors to capture and transmit real-time data back to Earth is rising as more private companies and governments invest in such constellations for various purposes. For instance, in August 2023, leading constellation operators revealed plans to deploy second-generation satellites in low Earth orbit (LEO), exemplified by SpaceX's expansive Starlink constellation, which has launched over 4,000 satellites to date. Moreover, the rise in adoption of SDR payload technology in space missions, as well as the escalating utilization of small satellite payloads in many application areas presents various lucrative opportunities over the forecasting years. However, the growing concerns over space debris and stringent government policies related to satellite launches are hindering the market growth throughout the forecast period of 2023-2030.

The key regions considered for the Global Satellite Payload Market study include Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. North America dominated the market in 2022 owing to the growing investment activities from both government and private entities like SpaceX, Blue Origin, Lockheed Martin Corporation, OneWeb, Sierra Nevada Corporation, Boeing Company, and others. Furthermore, the surge in launch missions conducted by numerous research organizations further bolsters market expansion in the region. Whereas, Asia Pacific is expected to grow at the highest CAGR over the forecast years. The region's growth is fueled by the burgeoning space industry, particularly in key technology economies such as China, Japan, India, and Australia, among others. These nations prioritize the adoption of cutting-edge satellite technologies and constellations, driving innovation in the sector. For example, in January 2023, Australian space company Equatorial Launch Australia set a milestone by aiming to facilitate a space launch from Arnhem Land. Also, the rise in the adoption of small satellites, rising demand from the defence sector, and growing focus on earth observation are significantly propelling the market demand across the region.

Major market players included in this report are:
Airbus S.A.S (Netherlands)
L3Harries Technologies (U.S.)
Lockheed Martin Corporation (U.S.)
Maxar Technologies (U.S.)
Northrop Grumman Corporation (U.S.)
Sierra Nevada Corporation (U.S.)
SpaceX (U.S.)
ST Engineering (Singapore)
Thales Group (France)
The Boeing Company (U.S.)

Recent Developments in the Market:
 In April 2023, Boeing unveiled the design for the Protected Wideband Satellite (PWS), incorporating Boeing's Protected Tactical SATCOM Prototype (PTS P) payload hosted on the U.S. Space Force's Wideband Global SATCOM (WGS) 11 spacecraft. The program is slated for launch in 2024 and will commence orbit tests in 2025. Upon the on-orbit demonstration, the PTSP payload will be ready for transition to operational use.
 In May 2023, CesiumAstro, a firm specializing in satellite and aircraft communications technologies, delivered electronic phased-array payloads for seven U.S. military satellites developed by Raytheon Technologies Corporation. As part of the contract, the company supplied Ka-band radio-frequency payloads integrated into the seven satellites, which formed part of SDA's Tracking Layer Tranche 1.
 In November 2022, D-Orbit, a prominent space transportation and logistics company, inked a hosted payload contract with SpacePNT, a Swiss firm renowned for designing and developing low-cost, high-accuracy GNSS receivers tailored for the emerging new space satellite market. As per the agreement, D-Orbit seamlessly integrated a novel GNSS receiver prototype into ION Satellite Carrier, the company's proprietary orbital transfer vehicle (OTV).

Global Satellite Payload Market Report Scope:
 Historical Data – 2020 - 2021
 Base Year for Estimation – 2022
 Forecast period - 2023-2030
 Report Coverage - Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
 Segments Covered - Payload Type, Vehicle Type, Orbit, Application, End-use, Region
 Regional Scope - North America; Europe; Asia Pacific; Latin America; Middle East & Africa
 Customization Scope - Free report customization (equivalent to up to 8 analysts’ working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define the market sizes of different segments & countries in recent years and to forecast the values for the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters to detailed information about the crucial aspects such as driving factors & challenges that will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with a detailed analysis of the competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Payload Type:
Communication
Imaging
Navigation
Others

By Vehicle Type:
Small
Medium-to-heavy

By Orbit:
LEO
GEO
MEO

By Application:
Weather Monitoring
Telecommunication
Scientific Research
Surveillance
Others

By End-use:
Commercial
Military

By Region:

North America
U.S.
Canada

Europe
UK
Germany
France
Spain
Italy
ROE

Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC

Latin America
Brazil
Mexico

Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa

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Table of Contents

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2020-2030 (USD Billion)
1.2.1. Satellite Payload Market, by Region, 2020-2030 (USD Billion)
1.2.2. Satellite Payload Market, by Payload Type, 2020-2030 (USD Billion)
1.2.3. Satellite Payload Market, by Vehicle Type, 2020-2030 (USD Billion)
1.2.4. Satellite Payload Market, by Orbit, 2020-2030 (USD Billion)
1.2.5. Satellite Payload Market, by Application, 2020-2030 (USD Billion)
1.2.6. Satellite Payload Market, by End-use, 2020-2030 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Satellite Payload Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Industry Evolution
2.2.2. Scope of the Study
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Satellite Payload Market Dynamics
3.1. Satellite Payload Market Impact Analysis (2020-2030)
3.1.1. Market Drivers
3.1.1.1. Increasing government investment in defence, security, and commercial applications
3.1.1.2. Rising satellite constellations
3.1.2. Market Challenges
3.1.2.1. Growing concerns over space debris
3.1.2.2. Stringent government policies related to satellite launches
3.1.3. Market Opportunities
3.1.3.1. Rise in adoption of SDR payload technology in space missions
3.1.3.2. Escalating utilization of small satellite payloads in many applications
Chapter 4. Global Satellite Payload Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.2. Porter’s 5 Force Impact Analysis
4.3. PEST Analysis
4.3.1. Political
4.3.2. Economical
4.3.3. Social
4.3.4. Technological
4.3.5. Environmental
4.3.6. Legal
4.4. Top investment opportunity
4.5. Top winning strategies
4.6. COVID-19 Impact Analysis
4.7. Disruptive Trends
4.8. Industry Expert Perspective
4.9. Analyst Recommendation & Conclusion
Chapter 5. Global Satellite Payload Market, by Payload Type
5.1. Market Snapshot
5.2. Global Satellite Payload Market by Payload Type, Performance - Potential Analysis
5.3. Global Satellite Payload Market Estimates & Forecasts by Payload Type 2020-2030 (USD Billion)
5.4. Satellite Payload Market, Sub Segment Analysis
5.4.1. Communication
5.4.2. Imaging
5.4.3. Navigation
5.4.4. Others
Chapter 6. Global Satellite Payload Market, by Vehicle Type
6.1. Market Snapshot
6.2. Global Satellite Payload Market by Vehicle Type, Performance - Potential Analysis
6.3. Global Satellite Payload Market Estimates & Forecasts by Vehicle Type 2020-2030 (USD Billion)
6.4. Satellite Payload Market, Sub Segment Analysis
6.4.1. Small
6.4.2. Medium-to-heavy
Chapter 7. Global Satellite Payload Market, by Orbit
7.1. Market Snapshot
7.2. Global Satellite Payload Market by Orbit, Performance - Potential Analysis
7.3. Global Satellite Payload Market Estimates & Forecasts by Orbit 2020-2030 (USD Billion)
7.4. Satellite Payload Market, Sub Segment Analysis
7.4.1. LEO
7.4.2. GEO
7.4.3. MEO
Chapter 8. Global Satellite Payload Market, by Application
8.1. Market Snapshot
8.2. Global Satellite Payload Market by Application, Performance - Potential Analysis
8.3. Global Satellite Payload Market Estimates & Forecasts by Application 2020-2030 (USD Billion)
8.4. Satellite Payload Market, Sub Segment Analysis
8.4.1. Weather Monitoring
8.4.2. Telecommunication
8.4.3. Scientific Research
8.4.4. Surveillance
8.4.5. Others
Chapter 9. Satellite Payload Market, by End-use
9.1. Market Snapshot
9.2. Global Satellite Payload Market by End-use, Performance - Potential Analysis
9.3. Global Satellite Payload Market Estimates & Forecasts by End-use 2020-2030 (USD Billion)
9.4. Satellite Payload Market, Sub Segment Analysis
9.4.1. Commercial
9.4.2. Military
Chapter 10. Global Satellite Payload Market, Regional Analysis
10.1. Top Leading Countries
10.2. Top Emerging Countries
10.3. Satellite Payload Market, Regional Market Snapshot
10.4. North America Satellite Payload Market
10.4.1. U.S. Satellite Payload Market
10.4.1.1. Payload Type breakdown estimates & forecasts, 2020-2030
10.4.1.2. Vehicle Type breakdown estimates & forecasts, 2020-2030
10.4.1.3. Orbit breakdown estimates & forecasts, 2020-2030
10.4.1.4. Application breakdown estimates & forecasts, 2020-2030
10.4.1.5. End-use breakdown estimates & forecasts, 2020-2030
10.4.2. Canada Satellite Payload Market
10.5. Europe Satellite Payload Market Snapshot
10.5.1. U.K. Satellite Payload Market
10.5.2. Germany Satellite Payload Market
10.5.3. France Satellite Payload Market
10.5.4. Spain Satellite Payload Market
10.5.5. Italy Satellite Payload Market
10.5.6. Rest of Europe Satellite Payload Market
10.6. Asia-Pacific Satellite Payload Market Snapshot
10.6.1. China Satellite Payload Market
10.6.2. India Satellite Payload Market
10.6.3. Japan Satellite Payload Market
10.6.4. Australia Satellite Payload Market
10.6.5. South Korea Satellite Payload Market
10.6.6. Rest of Asia Pacific Satellite Payload Market
10.7. Latin America Satellite Payload Market Snapshot
10.7.1. Brazil Satellite Payload Market
10.7.2. Mexico Satellite Payload Market
10.8. Middle East & Africa Satellite Payload Market
10.8.1. Saudi Arabia Satellite Payload Market
10.8.2. South Africa Satellite Payload Market
10.8.3. Rest of Middle East & Africa Satellite Payload Market

Chapter 11. Competitive Intelligence
11.1. Key Company SWOT Analysis
11.1.1. Company 1
11.1.2. Company 2
11.1.3. Company 3
11.2. Top Market Strategies
11.3. Company Profiles
11.3.1. Airbus S.A.S (Netherlands)
11.3.1.1. Key Information
11.3.1.2. Overview
11.3.1.3. Financial (Subject to Data Availability)
11.3.1.4. Product Summary
11.3.1.5. Recent Developments
11.3.2. L3Harries Technologies (U.S.)
11.3.3. Lockheed Martin Corporation (U.S.)
11.3.4. Maxar Technologies (U.S.)
11.3.5. Northrop Grumman Corporation (U.S.)
11.3.6. Sierra Nevada Corporation (U.S.)
11.3.7. SpaceX (U.S.)
11.3.8. ST Engineering (Singapore)
11.3.9. Thales Group (France)
11.3.10. The Boeing Company (U.S.)
Chapter 12. Research Process
12.1. Research Process
12.1.1. Data Mining
12.1.2. Analysis
12.1.3. Market Estimation
12.1.4. Validation
12.1.5. Publishing
12.2. Research Attributes
12.3. Research Assumption