Satellite and Spacecraft Sub-systems Market Growth Driven by Rise in Civil Government and Commercial Space Programs

InsightAce Analytic Pvt. Ltd. announces the release of a market assessment report on the "Global Satellite and Spacecraft Sub-system Market- (By Products (Satellite Sub-System, Launch Vehicle System), By End-User (Commercial, Civil Government, Defense, Academic/Research Group)) Trends, Industry Competition Analysis, Revenue and Forecast To 2034."

According to the latest research by InsightAce Analytic, the Global Satellite and Spacecraft Sub-system Market is valued at USD 31.1 Bn in 2024, and it is expected to reach USD 49.6 Bn by the year 2034, with a CAGR of 4.9% during a forecast period of 2025-2034.

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Satellites serve a vital role in military communications and are also widely employed for navigation, television broadcasting, and telecommunication services. Satellite communication is facilitated by the transmission of radio waves, with data being collected and processed through a network of global antennas and transponders. The satellite communication market is expected to experience substantial growth over the forecast period, driven by advancements in satellite technologies. For example, in April 2021, Northrop Grumman announced the successful docking of its Mission Extension Vehicle-2 (MEV-2) with the commercial satellite Intelsat 10-02. The MEV-2 is a robotic spacecraft designed to extend the operational life of aging satellites.

Additionally, increasing concerns about space debris and the implementation of regulatory measures aimed at debris mitigation are encouraging the development of sub-systems that enhance satellite end-of-life disposal and reduce orbital debris, further propelling market innovation and growth.

List of Prominent Players in the Satellite and Spacecraft Sub-system Market:
• Airbus S.A.S.
• Ball Corporation
• Data Device Corporation
• Honeywell International
• Israel Aerospace Industries
• Lockheed Martin Corporation
• Mitsubishi Electric Corporation
• Northrop Grumman
• OneWeb
• O.H.B. System

Market Dynamics:
Drivers-
The global satellite and spacecraft sub-systems market is projected to experience significant growth, primarily driven by the increasing demand for Internet of Things (IoT) devices across a range of industries, including automotive, defense, and healthcare. Additional factors expected to influence the satellite communication systems market outlook over the forecast period include the growing adoption of radio broadcasting and satellite communication technologies in online streaming platforms and television broadcasting. Moreover, the rising demand for advanced satellite and spacecraft sub-system solutions within military and defense applications is anticipated to further propel market expansion.

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Challenges:
Cost-related constraints can hinder the adoption of advanced technologies and innovative solutions, particularly among smaller enterprises and emerging space programs. The integration of multiple sub-systems into satellites or spacecraft, along with the rigorous validation required to ensure their performance in the space environment, presents significant technical and logistical challenges. Furthermore, the escalating issue of space debris necessitates that satellite and spacecraft sub-systems incorporate end-of-life disposal strategies and adhere to debris mitigation protocols. Implementing sustainable practices is essential to ensure the long-term viability of space missions and programs.

Regional Trends:
North America is projected to hold a substantial share of the satellite and spacecraft sub-system market in terms of revenue and is expected to witness robust growth over the forecast period. The region has experienced a surge in small satellite missions, including CubeSats and nanosatellites, driven by the contributions of academic institutions, startups, and research organizations. This trend has led to increasing demand for compact, cost-effective sub-systems. In Europe, commercial space activities such as satellite manufacturing, launch services, and satellite-enabled applications have expanded, fueling demand for a diverse range of sub-systems. Meanwhile, Asia-Pacific is emerging as a key growth region, driven by significant investments from major corporations and government entities aimed at advancing sectors such as telecommunications, transportation, and logistics through satellite communication technologies.

Recent Developments:
• In June 2023, OHB Sweden and Thales Alenia Space signed a contract. This agreement covers developing, manufacturing, integrating, testing, and delivering a propulsion system for two major ESA and EU Copernicus missions. CHIME and ROSE-L are important space projects. The ROSE-L mission would also enable several applications, benefiting agriculture, environmental monitoring, food security, and hazard management.
• In May 2023, NASA granted a contract to Lockheed Martin Corporation. This contract is for developing and demonstrating NASA's Human Landing System and its key components. An essential part of Artemis, this programme is crucial. The program's major goal is to develop an environmentally friendly lunar lander that can safely take astronauts to the moon.

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Segmentation of Satellite and Spacecraft Sub-system Market-
By Products-
• Satellite Sub-System
o Payload
 Antenna
 Inter-Satellite Links
 Processor
 Imaging Sensor
o Electrical and Power Sub-system
 Power Management Device
 Solar Panel
 Battery
 Field-Programmable Gate Array
 Application Specific Integrated Circuit (ASIC)
 Power Converter
o Command and Data Handling System
 Onboard Computer
 Memory
 OBC Adaptor
 Router
 Processor
 Microcontroller
 Solid State Recorder
 Field-Programmable Gate Array (FPGA)
o Communication Sub-system
 Transmitter and Receiver
 Processor
o Thermal Control Sub-system
 Temperature Sensors
 Heaters
 Thermostats
 Insulation
o Attitude Determination and Control Sub-system
 Temperature Sensors
 Heaters
 Thermostats
 Insulation
o Propulsion System
 Temperature Sensors
 Heaters
 Thermostats
 Insulation
o Mechanism
o Actuator
o Structure
• Launch Vehicle System
o Structure
 Skin
 Frame
 Bulk Head
 Control Surfaces
 Payload Adapter
o Avionics
 Communication
 Navigation
 Radar
 Health Management
 Onboard Computer/Flight Computers
 Fibre Optic Cables
 Sensor
o Propulsion System
 Thrusters
 Propellant Tank
 Valves and Regulators
 Plumbing/Tubing
 Flow Control Unit
 Pump
 Combustion Chamber
 Nozzle
 Pointing Mechanism
o Control System
 Actuators
 Mechanism
 Motors
o Electrical System
 Wire-loom
 Power Control Units
 Battery
 Surge Protection Device
 Power Adapters
 Connectors
o Stage Separation
o Thermal System
 Sensors
 Thermal Computer
 Thermostat/Thermal Control System
 Skin
By End-User-
• Commercial
• Civil Government
• Defense
• Academic/Research Group
By Region-
North America-
• The US
• Canada
• Mexico
Europe-
• Germany
• The UK
• France
• Italy
• Spain
• Rest of Europe
Asia-Pacific-
• China
• Japan
• India
• South Korea
• South East Asia
• Rest of Asia Pacific
Latin America-
• Brazil
• Argentina
• Rest of Latin America
Middle East & Africa-
• GCC Countries
• South Africa
• Rest of the Middle East and Africa

Read Overview Report- https://www.insightaceanalytic.com/report/satellite-and-spacecraft-sub-system-market/1987

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