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.
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Report Attribute |
Specifications |
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Market size value in 2024 |
USD 31.1 Bn |
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Revenue forecast in 2034 |
USD 49.6 Bn |
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Growth rate CAGR |
CAGR of 4.9% from 2023 to 2031 |
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Quantitative units |
Representation of revenue in US$ Bn and CAGR from 2025 to 2034 |
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Historic Year |
2021 to 2024 |
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Forecast Year |
2025-2034 |
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Report coverage |
The forecast of revenue, the position of the company, the competitive market structure, growth prospects, and trends |
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Segments covered |
By Product, By End-User |
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Regional scope |
North America; Europe; Asia Pacific; Latin America; Middle East & Africa |
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Country scope |
U.S.; Canada; U.K.; Germany; China; India; Japan; Brazil; Mexico; France; Italy; Spain; South Korea; South East Asia |
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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 |
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Customization scope |
Free customization report with the procurement of the report, Modifications to the regional and segment scope. Particular Geographic competitive landscape. |
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Pricing and available payment methods |
Explore pricing alternatives that are customized to your particular study requirements. |
Chapter 1. Methodology and Scope
1.1. Research Methodology
1.2. Research Scope & Assumptions
Chapter 2. Executive Summary
Chapter 3. Global Satellite and Spacecraft Subsystem Market Snapshot
Chapter 4. Global Satellite and Spacecraft Subsystem Market Variables, Trends & Scope
4.1. Market Segmentation & Scope
4.2. Drivers
4.3. Challenges
4.4. Trends
4.5. Investment and Funding Analysis of Industry
4.6. Industry Analysis – Porter’s Five Forces Analysis
4.7. COVID-19 Impact on Industry
Chapter 5. Market Segmentation 1: By Products Estimates & Trend Analysis
5.1. By Products & Market Share, 2024 -2034
5.2. Market Size (Value US$ Mn) & Forecasts and Trend Analyses, 2021 to 2034 for the following By Products:
5.2.1. Satellite Sub-System
5.2.1.1. Payload
5.2.1.1.1. Antenna
5.2.1.1.2. Inter-Satellite Links
5.2.1.1.3. Processor
5.2.1.1.4. Imaging Sensor
5.2.1.2. Electrical and Power Sub-system
5.2.1.2.1. Power Management Device
5.2.1.2.2. Solar Panel
5.2.1.2.3. Battery
5.2.1.2.4. Field-Programmable Gate Array
5.2.1.2.5. Application Specific Integrated Circuit (ASIC)
5.2.1.2.6. Power Converter
5.2.1.3. Command and Data Handling System
5.2.1.3.1. Onboard Computer
5.2.1.3.2. Memory
5.2.1.3.3. OBC Adaptor
5.2.1.3.4. Router
5.2.1.3.5. Processor
5.2.1.3.6. Microcontroller
5.2.1.3.7. Solid State Recorder
5.2.1.3.8. Field-Programmable Gate Array (FPGA)
5.2.1.4. Communication Sub-system
5.2.1.4.1. Transmitter and Receiver
5.2.1.4.2. Processor
5.2.1.5. Thermal Control Sub-system
5.2.1.5.1. Temperature Sensors
5.2.1.5.2. Heaters
5.2.1.5.3. Thermostats
5.2.1.5.4. Insulation
5.2.1.6. Attitude Determination and Control Sub-system
5.2.1.6.1. Temperature Sensors
5.2.1.6.2. Heaters
5.2.1.6.3. Thermostats
5.2.1.6.4. Insulation
5.2.1.7. Propulsion System
5.2.1.7.1. Temperature Sensors
5.2.1.7.2. Heaters
5.2.1.7.3. Thermostats
5.2.1.7.4. Insulation
5.2.1.8. Mechanism
5.2.1.9. Actuator
5.2.1.10. Structure
5.2.2. Launch Vehicle System
5.2.2.1. Structure
5.2.2.1.1. Skin
5.2.2.1.2. Frame
5.2.2.1.3. Bulkhead
5.2.2.1.4. Control Surfaces
5.2.2.1.5. Payload Adapter
5.2.2.2. Avionics
5.2.2.2.1. Communication
5.2.2.2.2. Navigation
5.2.2.2.3. Radar
5.2.2.2.4. Health Management
5.2.2.2.5. Onboard Computer/Flight Computers
5.2.2.2.6. Fibre Optic Cables
5.2.2.2.7. Sensor
5.2.2.3. Propulsion System
5.2.2.3.1. Thrusters
5.2.2.3.2. Propellant Tank
5.2.2.3.3. Valves and Regulators
5.2.2.3.4. Plumbing/Tubing
5.2.2.3.5. Flow Control Unit
5.2.2.3.6. Pump
5.2.2.3.7. Combustion Chamber
5.2.2.3.8. Nozzle
5.2.2.3.9. Pointing Mechanism
5.2.2.4. Control System
5.2.2.4.1. Actuators
5.2.2.4.2. Mechanism
5.2.2.4.3. Motors
5.2.2.5. Electrical System
5.2.2.5.1. Wire-loom
5.2.2.5.2. Power Control Units
5.2.2.5.3. Battery
5.2.2.5.4. Surge Protection Device
5.2.2.5.5. Power Adapters
5.2.2.5.6. Connectors
5.2.2.6. Stage Separation
5.2.2.7. Thermal System
5.2.2.7.1. Sensors
5.2.2.7.2. Thermal Computer
5.2.2.7.3. Thermostat/Thermal Control System
5.2.2.7.4. Skin
Chapter 6. Market Segmentation 2: By End-user Estimates & Trend Analysis
6.1. By Products & Market Share, 2024 -2034
6.2. Market Size (Value US$ Mn) & Forecasts and Trend Analyses, 2021 to 2034 for the following By End-user:
6.2.1. Commercial
6.2.2. Civil Government
6.2.3. Defense
6.2.4. Academic/Research Group
Chapter 7. Satellite and Spacecraft Subsystem Market Segmentation 3: Regional Estimates & Trend Analysis
7.1. North America
7.1.1. North America Satellite and Spacecraft Subsystem Market revenue (US$ Million) estimates and forecasts By Products, 2021-2034
7.1.2. North America Satellite and Spacecraft Subsystem Market revenue (US$ Million) estimates and forecasts By End-user, 2021-2034
7.1.3. North America Satellite and Spacecraft Subsystem Market revenue (US$ Million) estimates and forecasts by country, 2021-2034
7.1.3.1. U.S.
7.1.3.2. Canada
7.2. Europe
7.2.1. Europe Satellite and Spacecraft Subsystem Market revenue (US$ Million) By Satellite subsystem Chemistry, 2021-2034
7.2.2. Europe Satellite and Spacecraft Subsystem Market revenue (US$ Million) By End-user, 2021-2034
7.2.3. Europe Satellite and Spacecraft Subsystem Market revenue (US$ Million) by country, 2021-2034
7.2.3.1. Germany
7.2.3.2. Poland
7.2.3.3. France
7.2.3.4. Italy
7.2.3.5. Spain
7.2.3.6. UK
7.2.3.7. Rest of Europe
7.3. Asia Pacific
7.3.1. Asia Pacific Satellite and Spacecraft Subsystem Market revenue (US$ Million) By Satellite subsystem Chemistry, 2021-2034
7.3.2. Asia Pacific Satellite and Spacecraft Subsystem Market revenue (US$ Million) By End-user, 2021-2034
7.3.3. Asia Pacific Satellite and Spacecraft Subsystem Market revenue (US$ Million) by country, 2021-2034
7.3.3.1. China
7.3.3.2. India
7.3.3.3. Japan
7.3.3.4. Australia
7.3.3.5. Rest of Asia Pacific
7.4. Latin America
7.4.1. Latin America Satellite and Spacecraft Subsystem Market revenue (US$ Million) By Satellite subsystem Chemistry, 2021-2034
7.4.2. Latin America Satellite and Spacecraft Subsystem Market revenue (US$ Million) By End-user 2021-2034
7.4.3. Latin America Satellite and Spacecraft Subsystem Market revenue (US$ Million) by country, (US$ Million) 2021-2034
7.4.3.1. Brazil
7.4.3.2. Rest of Latin America
7.5. Middle East & Africa
7.5.1. Middle East & Africa Satellite and Spacecraft Subsystem Market revenue (US$ Million) By Products, (US$ Million)
7.5.2. Middle East & Africa Satellite and Spacecraft Subsystem Market revenue (US$ Million) By End-user, (US$ Million)
7.5.3. Middle East & Africa Satellite and Spacecraft Subsystem Market revenue (US$ Million) by country, (US$ Million) 2021-2034
7.5.3.1. South Africa
7.5.3.2. GCC Countries
7.5.3.3. Rest of MEA
Chapter 8. Competitive Landscape
8.1. Major Mergers and Acquisitions/Strategic Alliances
8.2. Company Profiles
8.2.1. Airbus S.A.S,
8.2.2. Ball Corporation,
8.2.3. Data Device
8.2.4. Corporation,
8.2.5. Honeywell International,
8.2.6. Israel Aerospace Industries,
8.2.7. Lockheed Martin Corporation,
8.2.8. Mitsubishi Electric Corporation,
8.2.9. Northrop Grumman,
8.2.10. OneWeb,
8.2.11. OHB System,
8.2.12. Space Exploration Technologies Corporation,
8.2.13. Sierra Nevada Corporation,
8.2.14. The Boeing Company,
8.2.15. Thales Alenia Space,
8.2.16. Tyvak Nano-Satellite System Inc.
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-
North America-
Europe-
Asia-Pacific-
Latin America-
Middle East & Africa-
InsightAce Analytic follows a standard and comprehensive market research methodology focused on offering the most accurate and precise market insights. The methods followed for all our market research studies include three significant steps – primary research, secondary research, and data modeling and analysis - to derive the current market size and forecast it over the forecast period. In this study, these three steps were used iteratively to generate valid data points (minimum deviation), which were cross-validated through multiple approaches mentioned below in the data modeling section.
Through secondary research methods, information on the market under study, its peer, and the parent market was collected. This information was then entered into data models. The resulted data points and insights were then validated by primary participants.
Based on additional insights from these primary participants, more directional efforts were put into doing secondary research and optimize data models. This process was repeated till all data models used in the study produced similar results (with minimum deviation). This way, this iterative process was able to generate the most accurate market numbers and qualitative insights.
Secondary research
The secondary research sources that are typically mentioned to include, but are not limited to:
The paid sources for secondary research like Factiva, OneSource, Hoovers, and Statista
Primary Research:
Primary research involves telephonic interviews, e-mail interactions, as well as face-to-face interviews for each market, category, segment, and subsegment across geographies
The contributors who typically take part in such a course include, but are not limited to:
Data Modeling and Analysis:
In the iterative process (mentioned above), data models received inputs from primary as well as secondary sources. But analysts working on these models were the key. They used their extensive knowledge and experience about industry and topic to make changes and fine-tuning these models as per the product/service under study.
The standard data models used while studying this market were the top-down and bottom-up approaches and the company shares analysis model. However, other methods were also used along with these – which were specific to the industry and product/service under study.
To know more about the research methodology used for this study, kindly contact us/click here.
