DUBLIN--(BUSINESS WIRE)--The "Satellite Payloads Market, 2014-2025" report has been added to Research and Markets' offering.
The global satellite payload market is expected to reach USD 21.8 billion by 2025. The market is expected to witness a CAGR of 7.9%over the forecast period, owing to Increased government spending in space exploration activities is expected to boost the market growth over the forecast period.
The growing popularity of communication and broadcasting services including pay TV and Over-The-Top (OTT) have led providers to develop advanced payload systems. Moreover, the increased penetration of payloads in the commercial sector is expected to propel the market demand.
The market is expected to witness significant growth as there has been a great rise in the ordering and manufacturing of vast constellations of satellites for earth observation and telecommunication. Incremental improvements in launch operations and vehicle design are enabling a reduction in time for the manufacturing of payloads. Moreover, the evolution of small satellites is leading to the production of smaller payloads to reduce launch costs.
The need for geospatial tracking and positioning in the commercial sector is expected to drive the demand for satellite payloads over the forecast period. The emergence of high throughput satellites has resulted in high data-rate satellite transmission capability, which in turn is creating new opportunities for enhanced applications such as military, navigation, and commercial.
Companies Mentioned
- Airbus Group
- Harris Corporation
- Honeywell International Inc.
- Lockheed Martin Corporation
- MacDonald, Dettwiler and Associates (MDA)
- Raytheon Company
- Space Exploration Technologies Corporation
- Thales Group
- The Boeing Company
- Viasat, Inc.
Key Topics Covered:
Chapter 1 Methodology and Scope
Chapter 2 Executive Summary
Chapter 3 Satellite Payload Industry Outlook
Chapter 4 Satellite Payload Market Orbit Estimates & Trend Analysis
Chapter 5 Satellite Payload Market Application Estimates & Trend Analysis
Chapter 6 Satellite Payload Market End-Use Estimates & Trend Analysis
Chapter 7 Market Categorization 3: Regional Estimates & Trend Analysis
Chapter 8 Competitive Landscape
For more information about this report visit https://www.researchandmarkets.com/research/3wfqb9/satellite
