Global Market Study on Satellite Payloads: Rising Focus on Navigation Satellite Payloads to Instrument Market Growth through 2022


  • Rep Id : XPLREP4988
  • Published On : September, 2019
  • No. of Pages : 170
  • Category : Machines

Growing Focus Towards MEO Deployment Steers Global Satellite Payloads on Fruitful Path

The global satellite payloads market is anticipated to expand at a significant rate through the forecast period (2017 to 2022), according to a new market study by XploreMR. Satellite payloads are core functional elements of the satellite, which plays a vital role in the satellite orbiter mission by enhancing the maximum utility capacity of the satellite.

By doing so, payloads aid in various functionalities associated with the satellite, such as navigation, communication, imaging, and others. On this premise, the payload is an essential and mandatory component in the production of satellites. The growth of the market is primarily attributed to growing technological advancements and developments in applications such as telecommunication, space exploration, remote sensing, and navigation, which are increasing the demand for satellites, thereby subsequently creating a growth opportunity for the satellite payloads market. Owing to the aforementioned facets, the global satellite payloads market will surge past valuation of US$ 14.8 Bn by the end of the forecast period

Navigation Foreseen to Remain Largest Application for Satellite Payloads

In the recent past, the demand for satellite payloads has witnessed a significant uptick in the navigation application segment, which is anticipated to drive the majority of revenue through the forecast period. The navigational payloads segment stood at a global valuation of US$ 7 Bn in 2017 and will continue to flourish in the forthcoming years.

Backed by the high need in telecommunication applications, the need for navigational payloads is shooting up, which is forecasted to remain the most sought-out product segment. Similarly, satellite payloads designed for telecommunication applications are expected to gain prominence and account for 1/5th of market share by the end of the forecast period. Likewise, payload-types such as intelligence gathering, reconnaissance, imaging, and metrology are likely to emerge as key segments, owing to high demand in surveillance applications in the defense & military sector.

Increased Medium Earth Orbit (MEO) Deployment Bolsters Adoption

On the basis of orbit type, the global satellite payloads market is segmented into low earth orbit (LEO), medium earth orbit (MEO), and geosynchronous earth orbit (GEO). By the end of the forecast period, satellite payloads developed for Medium Earth Orbit (MEO) are anticipated to procure a respectable share in global market value as manufacturers increasingly emphasize on the segment.

Owing to the budget constraints involved in payload deployment of geosynchronous earth orbit (GEO) and low earth orbit (LEO), manufactures are gradually shifting towards MEO, thereby ensuring a steady growth rate of 5% to the segment through the forecast period. While MEO deployment gains prominence, LEO segment will hold the lion’s share, backed by significant adoption and proven success rate.

Market Players Focus on Enhancing Systems to Overcome Challenges

Throughout the past, the satellite payloads have faced problems due to compatibility issues with satellite bus, which has held back the market growth to a certain extent. To overcome the shortcomings, manufacturers and researchers of the satellite systems are focusing on enhancing existing systems and eliminating such issues.

As demand for payloads continues to surge, manufacturers are extensively investing in design, development of improved size, or compact satellites. Owing to the shifting focus to deliver effective systems, the market will witness healthy growth in the years to come.

Competitive Landscape of Satellite Payloads

Some of the major market players operating in the global satellite payload market include Boeing Company, Airbus Defense and Space, Lockheed Martin Corporation, Thales Group, Mitsubishi Electrical Corporation, Harris Corporation, Honeywell International Inc., and Lucix Corporation. As the production of satellite payloads becomes expensive year-on-year, market players are focusing on cost-cutting methodologies to widen their profit margins.

XploreMR has employed a tested and robust research methodology while compiling the report, titled “Satellite Payload Market: Global Industry Analysis 2012-2016 and Forecast 2017-2022.” The report serves as a comprehensive study on the expansion of global satellite payload market, tracking the market’s growth for the historical period assessed in the report.

In addition, the report offers a forecast on the global market for satellite payload, measuring the growth potentials across all parameters. Overall, the report can be viewed as a comparative study on the expansion of global satellite payload market across historical and forecast period, wherein key insights have been extracted by addressing the subjective undercurrents of the market.

Pragmatic Approach

Research methodology employed in development of this report is based on facts, which have been attentively assorted by our analysts. Fortified with an extensive research across primary and secondary sources, our analysts have conducted wide-ranging inquires by targeting key market participants and analyzing specific consumer demographics. In the due course of these research methods, the information collected has been attentively aggregated by gauging the accuracy of qualitative analysis and quantitative estimation of all data.

Outline

Considering the concatenated structure of global market for satellite payloads, our analysts have adopted a fragmented modus operandi and analyzed the market across multiple segments. The first chapter of this report offers an executive summary, wherein key highlights from the research findings have been abstracted. The report extends towards a section that offers formal and balanced introduction to the global satellite payload market.

Our analysts have also provided a customary definition to satellite payload, which follows the lines of an overall market outlook. The section also includes cost structure analysis, pricing analysis, and raw material sourcing strategy profiling, and offers an intensity map demarking the presence of key participants in the global satellite payload market.

Market Taxonomy

The subsequent chapters in this report provided insightful analysis of the global satellite payload market across four key segments, namely – orbit type, payload type, application and frequency brand. Sub-categories in these segments have been enlisted in the market taxonomy table below.

Region

Orbit Type

Payload Type

Application

Frequency Band

  • North America
  • LEO (Low Earth orbit)
  • Communication
  • Telecommunication
  • C,K/KU/KA band
  • Latin America
  • GEO (Geosynchronous Earth orbit)
  • Imaging
  • Remote Sensing
  • S&Lband
  • Europe
  • MEO (Medium Earth orbit)
  • Navigation
  • Scientific research
  • X band
  • Japan

 

  • Others
  • Surveillance
  • VHF & UHF band
  • APEJ

 

 

  • Navigation
  • Others
  • MEA

 

 

 

 

The segmental analysis of global satellite payload market is also provided on the basis of geographical regions. Industrial regulations, changing geopolitical backgrounds, emergence of new trade policies, and region-wise supply & demand conditions have been inferred to offer regional analysis of the global satellite payload market. Cross-segmental data and country-specific forecast & analysis is also offered in the succeeding chapters.

The report concludes by profiling key players partaking the competitive landscape of global satellite payload market. Companies manufacturing satellite payloads have been outlined by tracking their latest & pioneering developments. This section also reveals company standings and competitor positions by recording documented information sourced from each company operating the global satellite payload market.

Scope  

XploreMR’s report on the global market for satellite payloads has analyzed key trends encompassing satellite payloads, and derived assessments by considering historical data as the first point of reference. The scope of this report is to offer market size estimations across metrics such as Y-o-Y growth rates, CAGRs, incremental opportunities, and revenue share percentages. This report delivers a fact-based forecast & analysis that intends to empower market participants with cognizant decisions for future business direction.