Satellite Bus Market Industry Insights, Trends, Outlook, and Analysis by 2028
Satellite Bus Market Size, Share & Industry Analysis, By Size (Small (1-500 kg), Medium (501-2500 kg), Large (>2500 kg)), By Subsystem (Structures and Mechanisms, Thermal Control, Electric Power System(EPS)), By Application (Earth Observation & Meteorology, Communication, Scientific Research & Exploration) and Regional Forecast, 2021-2028.” The growing deployment of satellites is expected to have an excellent influence on the market.

The report on the satellite bus market highlights:

Superior insights into the market
All-inclusive data with redefined analysis
Latest market developments
Market Restraints and regional insights
Market Driver:

Rising Advancements in Satellite Systems to Drive Market

The growing number of several space exploration missions is expected to bolster the healthy growth of the market. The increasing investments in space-related missions are predicted to create lucrative opportunities for the market. The technological advancement in satellite systems is expected to enable speedy expansion of the market. The surging private space companies can be an essential factor predicted to spur the demand of the market. Moreover, the deployment of small satellites in applications such as earth observation is expected to bode well for the market. The up-gradation of satellite bus by companies is predicted to further enhance the market potential in the forthcoming years. For instance, in March 2018, Orbital ATK launched a new version of satellite servicing vehicles. The Mission Robotic Vehicle is a version of the MEV and the Mission Extension Pods is based on Orbital ATK’s ESPASat small satellite bus. However, the high cost associated with the repair and maintenance of satellite buses is expected to thwart the growth of the market.

The Report Lists the Leading Companies in the Satellite Bus Market:

Honeywell International Inc. (The U.S.)
Lockheed Martin Corporation (The U.S.)
Airbus S.A.S. (France)
Boeing (The US)
Thales Group (France)
IAI (Israel)
Mitsubishi Electric Corporation (Japan)
Sierra Nevada Corporation (The U.S.)
Northrop Grumman Corporation (The U.S.)
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