DUBLIN--(BUSINESS WIRE)--The "Satellite Payloads Market by Orbit Type (LEO, MEO, GEO), Payload Type (Communication, Imaging, Navigation), Vehicle Type (Small, Medium to Heavy), Payload Weight (Low, Medium, High), Frequency Band, Application, & Region - Global Forecasts to 2022" report has been added to ResearchAndMarkets.com's offering.
The satellite payloads market is estimated to be USD 11.84 billion in 2017 and is projected to reach USD 18.15 billion by 2022, at a CAGR of 8.92% during the forecast period.
Increased demand for hosted payloads, satellite miniaturization, and reducing costs of satellites are factors expected to fuel the growth of the satellite payloads market. However, high R&D cost and the scarce intellectual asset may act as restraints for the growth of the satellite payloads market.
Based on orbit type, the LEO (low earth orbit) segment is estimated to lead the satellite payloads market during the forecast period. Satellite payloads designed for LEO are mainly used for earth observation, remote sensing, and mobile & telecommunication services due to lower latency. The GEO (geosynchronous orbit) segment is projected to witness the highest growth during the forecast period. These satellites are majorly used for telephone networks, TV & radio broadcast, and weather forecast.
The North American is estimated to lead the satellite payloads market in 2017. Disruptive technologies in the region's satellite industry help transform the way the companies do their businesses. The North American satellite payloads market is expected to witness high growth during the forecast period.
- Airbus Group
- Boeing Company
- Harris Corporation
- Honeywell International Inc.
- Lockheed Martin Corporation
- Raytheon Company
- Space Exploration Technologies Corporation
- Thales Group
- Viasat, Inc.
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Industry Trends
7 Satellite Payloads Market, By Orbit Type
8 Satellite Payloads Market, By Payload Type
9 Satellite Payloads Market, By Payload Weight
10 Satellite Payloads Market, By Vehicle Type
11 Satellite Payloads Market, By Frequency Band
12 Satellite Payloads Market, By Application
13 Regional Analysis
14 Competitive Landscape
15 Company Profiles
For more information about this report visit https://www.researchandmarkets.com/research/h33zgg/global_satellite?w=4