Europe Satellite Bus Market Size
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Study Period | 2017 - 2029 |
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Market Size (2024) | USD 0.81 Billion |
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Market Size (2029) | USD 1.94 Billion |
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Largest Share by Orbit Class | LEO |
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CAGR (2024 - 2029) | 19.09 % |
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Largest Share by Country | United Kingdom |
Major Players |
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*Disclaimer: Major Players sorted in no particular order |
Europe Satellite Bus Market Analysis
The Europe Satellite Bus Market size is estimated at USD 0.81 billion in 2024, and is expected to reach USD 1.94 billion by 2029, growing at a CAGR of 19.09% during the forecast period (2024-2029).
0.81 Billion
Market Size in 2024 (USD)
1.94 Billion
Market Size in 2029 (USD)
20.01 %
CAGR (2017-2023)
19.09 %
CAGR (2024-2029)
Largest Market by Satellite Mass
65.83 %
value share, 100-500kg, 2022
Minisatellites with expanded capacity for enterprise data (retail and banking), oil, gas, and mining, and governments in developed countries pose high demand. The demand for minisatellites with a LEO is increasing due to their expanded capacity.
Largest Market by Application
78.69 %
value share, Communication, 2022
Governments, space agencies, defense agencies, private defense contractors, and private space industry players are emphasizing the enhancement of the communication network capabilities for various public and military reconnaissance applications.
Largest Market by Orbit Class
72.49 %
value share, LEO, 2022
LEO satellites are increasingly being adopted in modern communication technologies. These satellites serve an important role in Earth observation applications.
Largest Market by End User
69.05 %
value share, Commercial, 2022
The commercial segment is expected to occupy a significant share because of the increasing use of satellites for various telecommunication services.
Leading Market Player
24 %
market share, Lockheed Martin Corporation, 2022
Lockheed Martin is the leading player in the Europe satellite bus market. It has a strong product portfolio and it's customers include civil and military customers. This has facilitated the company in capturing the highest share of the market.
Increasing launches of satellites into LEO orbit for various satellite applications is driving the market demand
- LEO satellites are used for various applications, including weather monitoring, Earth observation, and remote sensing. In Europe, satellite buses such as the SSTL-150 bus developed by Surrey Satellite Technology Limited (SSTL) are used for LEO satellites. The SSTL-150 bus is a versatile platform that can support a range of payloads, including cameras, AIS (Automatic Identification System) receivers, and small satellites. Between 2017 and 2022, approximately 531 satellites were launched into LEO.
- GEO satellites are used for applications such as satellite-based television broadcasting, weather forecasting, and military communication systems. European satellite manufacturers use bus designs such as the Spacebus NEO developed by Thales Alenia Space for GEO satellites. The Spacebus NEO is a highly capable platform that can support a wide range of payloads, including large television broadcasting antennas and high-power amplifiers. Between 2017 and 2022, approximately 16 satellites were launched into GEO.
- MEO satellites are used for global navigation systems (GNSS) such as GPS and Galileo and satellite-based broadband services. European satellite manufacturers use a variety of bus designs for MEO applications, including the Eurostar E3000 bus developed by Airbus Defense and Space. The Eurostar E3000 bus is a reliable platform that has been used for numerous MEO applications. The standardized platform of the bus enables satellite manufacturers to build a range of MEO satellites for different applications with a high degree of reliability and cost-effectiveness. Between 2017 and 2022, approximately 16 satellites were launched into MEO. And the overall market is expected to grow by 19.43% during 2023-2029.
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Europe Satellite Bus Market Trends
Europe’s satellite industry benefits from a strong architecture for satellite design and manufacture, designed to meet specific application needs
- Classifying spacecraft by mass is one of the main metrics for determining launch vehicle size and the cost of launching satellites into orbit. The success of a satellite mission depends heavily on the accuracy of its pre-flight mass measurement and the proper balance of the satellite to generate mass within limits.
- Satellites are classified according to their mass, and the main mass classifications are large satellites over 1,000 kg. Between 2017 and 2022, more than 35+ large satellites owned by European organizations were launched. A medium-sized satellite has a mass between 500 kg and 1,000 kg. European organizations operated more than 15+ satellites that were launched during the historical period. Satellites with a mass of less than 500 kg are considered small satellites, and about 460+ small satellites were launched in the region.
- There is a growing trend toward smaller satellites in the region due to their shorter development times, which can reduce overall mission costs. These satellites have made it possible to significantly reduce the time required to obtain scientific and technological results. Small spacecraft missions tend to be flexible and can better respond to new technological opportunities or needs. The small satellite industry in Europe is supported by the presence of a robust framework for designing and manufacturing small satellites tailored to serve specific application profiles. The number of operations in the European region is expected to increase during 2023-2029, driven by the growing demand in the commercial and military space sectors.
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Increasing space expenditures of different space agencies are expected to positively impact the European satellite industry
- Increased demand for satellites from the civil/government, commercial, and military sectors has been witnessed over recent years. Currently, some European countries, such as France and Germany, have adequate capabilities in the field of satellite bus manufacturing. However, due to the growing shift toward manufacturing smaller satellites, the manufacturing base of satellite buses is expected to expand across Europe.
- European countries are recognizing the importance of various investments in the space domain and increasing their spending in areas such as Earth observation, satellite navigation, connectivity, space research, and innovation to stay competitive and innovative in the global space industry.
- On this note, in November 2022, ESA announced that it had proposed a 25% boost in space funding over the next three years designed to maintain Europe's lead in Earth observation, expand navigation services, and remain a partner in exploration with the United States. The European Space Agency (ESA) has asked its 22 nations to back a budget of EUR 18.5 billion for 2023-2025. In September 2022, France announced its plans to increase spending on national and European space programs as the ESA works to secure commitments for its own significant budget increase. The government announced its plans to allocate more than USD 9 billion to space activities, an increase of about 25% over the past three years.
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OTHER KEY INDUSTRY TRENDS COVERED IN THE REPORT
- The increased importance of satellite miniaturization has aided the market's growth
Europe Satellite Bus Industry Overview
The Europe Satellite Bus Market is fairly consolidated, with the top five companies occupying 71%. The major players in this market are Airbus SE, Honeywell International Inc., Lockheed Martin Corporation, Northrop Grumman Corporation and Thales (sorted alphabetically).
Europe Satellite Bus Market Leaders
Airbus SE
Honeywell International Inc.
Lockheed Martin Corporation
Northrop Grumman Corporation
Thales
Other important companies include Ball Corporation, Nano Avionics, NEC, OHB SE, Sierra Nevada Corporation.
*Disclaimer: Major Players sorted in alphabetical order.
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Europe Satellite Bus Market News
- October 2020: NanoAvionics expanded its presence in the United Kingdom by beginning operations at its new facility in Basingstoke for satellite assembly, integration, and testing (AIT), as well as sales, technical support, and R&D activities.
- August 2020: SNC introduced two new satellite platforms to its spacecraft offerings, the SN-200M satellite bus, designed for medium Earth orbit (MEO), and SN-1000.
- July 2020: SNC was awarded a contract by the Defense Innovation Unit (DIU) for repurposing its Shooting Star transport vehicle to an Unmanned Orbital Outpost, a scalable and autonomous space.
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We offer a comprehensive set of global and local metrics that illustrate the fundamentals of the satellites industry. Clients can access in-depth market analysis of various satellites and launch vehicles through granular level segmental information supported by a repository of market data, trends, and expert analysis. Data and analysis on satellite launches, satellite mass, application of satellites, spending on space programs, propulsion systems, end users, etc., are available in the form of comprehensive reports as well as excel based data worksheets.
Europe Satellite Bus Market Report - Table of Contents
1. EXECUTIVE SUMMARY & KEY FINDINGS
2. REPORT OFFERS
3. INTRODUCTION
- 3.1 Study Assumptions & Market Definition
- 3.2 Scope of the Study
- 3.3 Research Methodology
4. KEY INDUSTRY TRENDS
- 4.1 Satellite Miniaturization
- 4.2 Satellite Mass
- 4.3 Spending On Space Programs
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4.4 Regulatory Framework
- 4.4.1 France
- 4.4.2 Germany
- 4.4.3 Russia
- 4.4.4 United Kingdom
- 4.5 Value Chain & Distribution Channel Analysis
5. MARKET SEGMENTATION (includes market size in Value in USD, Forecasts up to 2029 and analysis of growth prospects)
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5.1 Application
- 5.1.1 Communication
- 5.1.2 Earth Observation
- 5.1.3 Navigation
- 5.1.4 Space Observation
- 5.1.5 Others
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5.2 Satellite Mass
- 5.2.1 10-100kg
- 5.2.2 100-500kg
- 5.2.3 500-1000kg
- 5.2.4 Below 10 Kg
- 5.2.5 above 1000kg
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5.3 Orbit Class
- 5.3.1 GEO
- 5.3.2 LEO
- 5.3.3 MEO
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5.4 End User
- 5.4.1 Commercial
- 5.4.2 Military & Government
- 5.4.3 Other
6. COMPETITIVE LANDSCAPE
- 6.1 Key Strategic Moves
- 6.2 Market Share Analysis
- 6.3 Company Landscape
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6.4 Company Profiles (includes Global Level Overview, Market Level Overview, Core Business Segments, Financials, Headcount, Key Information, Market Rank, Market Share, Products and Services, and Analysis of Recent Developments).
- 6.4.1 Airbus SE
- 6.4.2 Ball Corporation
- 6.4.3 Honeywell International Inc.
- 6.4.4 Lockheed Martin Corporation
- 6.4.5 Nano Avionics
- 6.4.6 NEC
- 6.4.7 Northrop Grumman Corporation
- 6.4.8 OHB SE
- 6.4.9 Sierra Nevada Corporation
- 6.4.10 Thales
7. KEY STRATEGIC QUESTIONS FOR SATELLITE CEOS
8. APPENDIX
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8.1 Global Overview
- 8.1.1 Overview
- 8.1.2 Porter's Five Forces Framework
- 8.1.3 Global Value Chain Analysis
- 8.1.4 Market Dynamics (DROs)
- 8.2 Sources & References
- 8.3 List of Tables & Figures
- 8.4 Primary Insights
- 8.5 Data Pack
- 8.6 Glossary of Terms
List of Tables & Figures
- Figure 1:
- MINIATURE SATELLITES (BELOW 10KG), NUMBER OF LAUNCHES, EUROPE, 2017 - 2022
- Figure 2:
- SATELLITE MASS (ABOVE 10KG) BY REGION, NUMBER OF SATELLITES LAUNCHED, EUROPE, 2017 - 2022
- Figure 3:
- SPENDING ON SPACE PROGRAMS BY REGION, USD, EUROPE, 2017 - 2022
- Figure 4:
- EUROPE SATELLITE BUS MARKET, VALUE, USD, 2017 - 2029
- Figure 5:
- VALUE OF SATELLITE BUS MARKET BY APPLICATION, USD, EUROPE, 2017 - 2029
- Figure 6:
- VALUE SHARE OF SATELLITE BUS MARKET BY APPLICATION, %, EUROPE, 2017 VS 2023 VS 2029
- Figure 7:
- VALUE OF COMMUNICATION MARKET, USD, EUROPE, 2017 - 2029
- Figure 8:
- VALUE OF EARTH OBSERVATION MARKET, USD, EUROPE, 2017 - 2029
- Figure 9:
- VALUE OF NAVIGATION MARKET, USD, EUROPE, 2017 - 2029
- Figure 10:
- VALUE OF SPACE OBSERVATION MARKET, USD, EUROPE, 2017 - 2029
- Figure 11:
- VALUE OF OTHERS MARKET, USD, EUROPE, 2017 - 2029
- Figure 12:
- VALUE OF SATELLITE BUS MARKET BY SATELLITE MASS, USD, EUROPE, 2017 - 2029
- Figure 13:
- VALUE SHARE OF SATELLITE BUS MARKET BY SATELLITE MASS, %, EUROPE, 2017 VS 2023 VS 2029
- Figure 14:
- VALUE OF 10-100KG MARKET, USD, EUROPE, 2017 - 2029
- Figure 15:
- VALUE OF 100-500KG MARKET, USD, EUROPE, 2017 - 2029
- Figure 16:
- VALUE OF 500-1000KG MARKET, USD, EUROPE, 2017 - 2029
- Figure 17:
- VALUE OF BELOW 10 KG MARKET, USD, EUROPE, 2017 - 2029
- Figure 18:
- VALUE OF ABOVE 1000KG MARKET, USD, EUROPE, 2017 - 2029
- Figure 19:
- VALUE OF SATELLITE BUS MARKET BY ORBIT CLASS, USD, EUROPE, 2017 - 2029
- Figure 20:
- VALUE SHARE OF SATELLITE BUS MARKET BY ORBIT CLASS, %, EUROPE, 2017 VS 2023 VS 2029
- Figure 21:
- VALUE OF GEO MARKET, USD, EUROPE, 2017 - 2029
- Figure 22:
- VALUE OF LEO MARKET, USD, EUROPE, 2017 - 2029
- Figure 23:
- VALUE OF MEO MARKET, USD, EUROPE, 2017 - 2029
- Figure 24:
- VALUE OF SATELLITE BUS MARKET BY END USER, USD, EUROPE, 2017 - 2029
- Figure 25:
- VALUE SHARE OF SATELLITE BUS MARKET BY END USER, %, EUROPE, 2017 VS 2023 VS 2029
- Figure 26:
- VALUE OF COMMERCIAL MARKET, USD, EUROPE, 2017 - 2029
- Figure 27:
- VALUE OF MILITARY & GOVERNMENT MARKET, USD, EUROPE, 2017 - 2029
- Figure 28:
- VALUE OF OTHER MARKET, USD, EUROPE, 2017 - 2029
- Figure 29:
- NUMBER OF STRATEGIC MOVES OF MOST ACTIVE COMPANIES, EUROPE SATELLITE BUS MARKET, EUROPE, 2017 - 2029
- Figure 30:
- TOTAL NUMBER OF STRATEGIC MOVES OF COMPANIES, EUROPE SATELLITE BUS MARKET, EUROPE, 2017 - 2029
- Figure 31:
- MARKET SHARE OF EUROPE SATELLITE BUS MARKET, %, EUROPE, 2022
Europe Satellite Bus Industry Segmentation
Communication, Earth Observation, Navigation, Space Observation, Others are covered as segments by Application. 10-100kg, 100-500kg, 500-1000kg, Below 10 Kg, above 1000kg are covered as segments by Satellite Mass. GEO, LEO, MEO are covered as segments by Orbit Class. Commercial, Military & Government are covered as segments by End User.
- LEO satellites are used for various applications, including weather monitoring, Earth observation, and remote sensing. In Europe, satellite buses such as the SSTL-150 bus developed by Surrey Satellite Technology Limited (SSTL) are used for LEO satellites. The SSTL-150 bus is a versatile platform that can support a range of payloads, including cameras, AIS (Automatic Identification System) receivers, and small satellites. Between 2017 and 2022, approximately 531 satellites were launched into LEO.
- GEO satellites are used for applications such as satellite-based television broadcasting, weather forecasting, and military communication systems. European satellite manufacturers use bus designs such as the Spacebus NEO developed by Thales Alenia Space for GEO satellites. The Spacebus NEO is a highly capable platform that can support a wide range of payloads, including large television broadcasting antennas and high-power amplifiers. Between 2017 and 2022, approximately 16 satellites were launched into GEO.
- MEO satellites are used for global navigation systems (GNSS) such as GPS and Galileo and satellite-based broadband services. European satellite manufacturers use a variety of bus designs for MEO applications, including the Eurostar E3000 bus developed by Airbus Defense and Space. The Eurostar E3000 bus is a reliable platform that has been used for numerous MEO applications. The standardized platform of the bus enables satellite manufacturers to build a range of MEO satellites for different applications with a high degree of reliability and cost-effectiveness. Between 2017 and 2022, approximately 16 satellites were launched into MEO. And the overall market is expected to grow by 19.43% during 2023-2029.
| Application | Communication |
| Earth Observation | |
| Navigation | |
| Space Observation | |
| Others | |
| Satellite Mass | 10-100kg |
| 100-500kg | |
| 500-1000kg | |
| Below 10 Kg | |
| above 1000kg | |
| Orbit Class | GEO |
| LEO | |
| MEO | |
| End User | Commercial |
| Military & Government | |
| Other |
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Market Definition
- Application - Various applications or purposes of the satellites are classified into communication, earth observation, space observation, navigation, and others. The purposes listed are those self-reported by the satellite’s operator.
- End User - The primary users or end users of the satellite is described as civil (academic, amateur), commercial, government (meteorological, scientific, etc.), military. Satellites can be multi-use, for both commercial and military applications.
- Launch Vehicle MTOW - The launch vehicle MTOW (maximum take-off weight) means the maximum weight of the launch vehicle during take-off, including the weight of payload, equipment and fuel.
- Orbit Class - The satellite orbits are divided into three broad classes namely GEO, LEO, and MEO. Satellites in elliptical orbits have apogees and perigees that differ significantly from each other and categorized satellite orbits with eccentricity 0.14 and higher as elliptical.
- Propulsion tech - Under this segment, different types of satellite propulsion systems have been classified as electric, liquid-fuel and gas-based propulsion systems.
- Satellite Mass - Under this segment, different types of satellite propulsion systems have been classified as electric, liquid-fuel and gas-based propulsion systems.
- Satellite Subsystem - All the components and subsystems which includes propellants, buses, solar panels, other hardware of satellites are included under this segment.
| Keyword | Definition |
|---|---|
| Attitude Control | The orientation of the satellite relative to the Earth and the sun. |
| INTELSAT | The International Telecommunications Satellite Organization operates a network of satellites for international transmission. |
| Geostationary Earth Orbit (GEO) | Geostationary satellites in Earth orbit 35,786 km (22,282 mi) above the equator in the same direction and at the same speed as the earth rotates on its axis, making them appear fixed in the sky. |
| Low Earth Orbit (LEO) | Low Earth Orbit satellites orbit from 160-2000km above the earth, take approximately 1.5 hours for a full orbit and only cover a portion of the earth’s surface. |
| Medium Earth Orbit (MEO) | MEO satellites are located above LEO and below GEO satellites and typically travel in an elliptical orbit over the North and South Pole or in an equatorial orbit. |
| Very Small Aperture Terminal (VSAT) | Very Small Aperture Terminal is an antenna that is typically less than 3 meters in diameter |
| CubeSat | CubeSat is a class of miniature satellites based on a form factor consisting of 10 cm cubes. CubeSats weigh no more than 2 kg per unit and typically use commercially available components for their construction and electronics. |
| Small Satellite Launch Vehicles (SSLVs) | Small Satellite Launch Vehicle (SSLV) is a three-stage Launch Vehicle configured with three Solid Propulsion Stages and a liquid propulsion-based Velocity Trimming Module (VTM) as a terminal stage |
| Space Mining | Asteroid mining is the hypothesis of extracting material from asteroids and other asteroids, including near-Earth objects. |
| Nano Satellites | Nanosatellites are loosely defined as any satellite weighing less than 10 kilograms. |
| Automatic Identification System (AIS) | Automatic identification system (AIS) is an automatic tracking system used to identify and locate ships by exchanging electronic data with other nearby ships, AIS base stations, and satellites. Satellite AIS (S-AIS) is the term used to describe when a satellite is used to detect AIS signatures. |
| Reusable launch vehicles (RLVs) | Reusable launch vehicle (RLV) means a launch vehicle that is designed to return to Earth substantially intact and therefore may be launched more than one time or that contains vehicle stages that may be recovered by a launch operator for future use in the operation of a substantially similar launch vehicle. |
| Apogee | The point in an elliptical satellite orbit which is farthest from the surface of the earth. Geosynchronous satellites which maintain circular orbits around the earth are first launched into highly elliptical orbits with apogees of 22,237 miles. |
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Research Methodology
Mordor Intelligence follows a four-step methodology in all our reports.
- Step-1: Identify Key Variables: In order to build a robust forecasting methodology, the variables and factors identified in Step-1 are tested against available historical market numbers. Through an iterative process, the variables required for market forecast are set and the model is built on the basis of these variables.
- Step-2: Build a Market Model: Market-size estimations for the historical and forecast years have been provided in revenue and volume terms. For sales conversion to volume, the average selling price (ASP) is kept constant throughout the forecast period for each country, and inflation is not a part of the pricing.
- Step-3: Validate and Finalize: In this important step, all market numbers, variables and analyst calls are validated through an extensive network of primary research experts from the market studied. The respondents are selected across levels and functions to generate a holistic picture of the market studied.
- Step-4: Research Outputs: Syndicated Reports, Custom Consulting Assignments, Databases & Subscription Platforms.
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