Global Satellite and Spacecraft Sub-system Market Size is valued at USD 31.1 Bn in 2024 and is predicted to reach USD 49.6 Bn by the year 2034 at a 4.9% CAGR during the forecast period for 2025-2034.
Spacecraft and satellites are complex systems made up of many interconnected sub-systems that work together to complete their missions in orbit. Each sub-system performs a particular job, and when combined, they allow the satellite or spacecraft to carry out the duties they were designed for. A number of demand-creating variables, technological breakthroughs, governmental changes, and competitive forces drives the market dynamics for satellite and spacecraft sub-systems.
The need for satellites and spacecraft has increased as a result of growing interest in space exploration and the commercialization of space operations. These applications include Earth observation, communication, navigation, and scientific research. Along with other factors, these market drivers foster an industry that is dynamic and ever-evolving for satellite and spacecraft sub-systems, creating chances for both long-standing firms and fresh competitors.
However, several countries implemented travel and movement restrictions during the epidemic, which impacted the supply chain for satellite and spacecraft sub-system components. Project delays and higher expenses were the results of manufacturing and delivery delays.
The Satellite and Spacecraft Sub-system Market is segmented on the basis of end-user and product. Based on the segment End-User, the market is segmented as commercial, civil government, defence and academic/research groups. The product segment includes a satellite sub-system, launch vehicle sub-system, and deep space probe sub-system.
The market is segmented by satellite sub-system into the payload, electrical & power sub-system, command and data handling system, communication sub-system, thermal control sub-system, attitude determination and control system, propulsion system, mechanism, actuator, and structure. The launch vehicle sub-system segment includes structure, avionics, propulsion, control, electrical, stage separation, and thermal systems.
In 2021, most of the global Satellite and Spacecraft Sub-system Market is projected to come from the commercial sector. In the commercial sector, the market for satellite and spacecraft sub-systems has seen tremendous expansion and diversification in recent years. Commercial companies are aggressively deploying communication satellites to provide telecommunication services, broadband internet, TV, and satellite-based mobile communication. To meet growing demands for connectivity and data transfer, there is an increase in the demand for advanced communication sub-systems, such as high-frequency transponders and phased-array antennas.
The satellite sub-system segment is projected to grow at a rapid rate in the global satellite and spacecraft sub-system market. The prevalence of launch vehicles is increasing as a result of the proliferation of small satellite constellations, which provide diverse functions such as Earth observation, communications, and scientific study. Due to a number of variables, including decreased manufacturing costs, improved efficiency, and accessibility to specialized knowledge, there has been a growing trend toward outsourcing manufacturing in the launch vehicle industry.
North America Satellite and Spacecraft Sub-system Market is expected to record the maximum market share in terms of revenue in the near future. Major companies and regulatory bodies in the nation are heavily investing in technology. Regarding Earth observation missions, North American satellites provide crucial information for environmental monitoring, climate research, disaster management, and agricultural applications. It is essential to have sub-systems for high-resolution imaging and data processing for these missions.
| Report Attribute | Specifications |
| Market size value in 2024 | USD 31.1 Bn |
| Revenue forecast in 2034 | USD 49.6 Bn |
| Growth rate CAGR | CAGR of 4.9% from 2023 to 2031 |
| Quantitative units | Representation of revenue in US$ Bn and CAGR from 2025 to 2034 |
| Historic Year | 2021 to 2024 |
| Forecast Year | 2025-2034 |
| Report coverage | The forecast of revenue, the position of the company, the competitive market structure, growth prospects, and trends |
| Segments covered | By Product, By End-User |
| Regional scope | North America; Europe; Asia Pacific; Latin America; Middle East & Africa |
| Country scope | U.S.; Canada; U.K.; Germany; China; India; Japan; Brazil; Mexico; France; Italy; Spain; South Korea; South East Asia |
| Competitive Landscape | Airbus S.A.S, Ball Corporation, Data Device Corporation, Honeywell International, Israel Aerospace Industries, Lockheed Martin Corporation, Mitsubishi Electric Corporation, Northrop Grumman, OneWeb, and OHB System |
| Customization scope | Free customization report with the procurement of the report, Modifications to the regional and segment scope. Particular Geographic competitive landscape. |
| Pricing and available payment methods | Explore pricing alternatives that are customized to your particular study requirements. |
Satellite And Spacecraft Sub-System Market By Products-
Satellite And Spacecraft Sub-System Market By End-User-
Satellite And Spacecraft Sub-System Market By Region-
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Middle East & Africa-
This study employed a multi-step, mixed-method research approach that integrates:
This approach ensures a balanced and validated understanding of both macro- and micro-level market factors influencing the market.
Secondary research for this study involved the collection, review, and analysis of publicly available and paid data sources to build the initial fact base, understand historical market behaviour, identify data gaps, and refine the hypotheses for primary research.
Secondary data for the market study was gathered from multiple credible sources, including:
These sources were used to compile historical data, market volumes/prices, industry trends, technological developments, and competitive insights.
Primary research was conducted to validate secondary data, understand real-time market dynamics, capture price points and adoption trends, and verify the assumptions used in the market modelling.
Primary interviews for this study involved:
Interviews were conducted via:
Primary insights were incorporated into demand modelling, pricing analysis, technology evaluation, and market share estimation.
All collected data were processed and normalized to ensure consistency and comparability across regions and time frames.
The data validation process included:
This ensured that the dataset used for modelling was clean, robust, and reliable.
The bottom-up approach involved aggregating segment-level data, such as:
This method was primarily used when detailed micro-level market data were available.
The top-down approach used macro-level indicators:
This approach was used for segments where granular data were limited or inconsistent.
To ensure accuracy, a triangulated hybrid model was used. This included:
This multi-angle validation yielded the final market size.
Market forecasts were developed using a combination of time-series modelling, adoption curve analysis, and driver-based forecasting tools.
Given inherent uncertainties, three scenarios were constructed:
Sensitivity testing was conducted on key variables, including pricing, demand elasticity, and regional adoption.