North America Satellite Bus Market Size

The North America Satellite Bus Market is projected to experience significant growth, driven by the increasing demand for satellite-based services across various applications such as communication, navigation, remote sensing, and scientific research. The market's expansion is fueled by the need for high-capacity data transmission and global coverage, particularly in Low Earth Orbit (LEO), Geostationary Orbit (GEO), and Medium Earth Orbit (MEO) satellites. This growth trend highlights the rising importance of satellite bus solutions in supporting diverse and advanced satellite missions in the region.

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Market Size of north america satellite bus Industry

North America Satellite Bus Market Summary
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svg icon Study Period 2017 - 2029
svg icon Market Size (2024) USD 12.20 Billion
svg icon Market Size (2029) USD 25.76 Billion
svg icon Largest Share by Orbit Class LEO
svg icon CAGR (2024 - 2029) 16.12 %
svg icon Largest Share by Country United States

Major Players

North America Satellite Bus Market Major Players

*Disclaimer: Major Players sorted in no particular order

Key Players

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North America Satellite Bus Market Analysis

The North America Satellite Bus Market size is estimated at USD 12.20 billion in 2024, and is expected to reach USD 25.76 billion by 2029, growing at a CAGR of 16.12% during the forecast period (2024-2029).

12.20 Billion

Market Size in 2024 (USD)

25.76 Billion

Market Size in 2029 (USD)

40.80 %

CAGR (2017-2023)

16.12 %

CAGR (2024-2029)

Largest Market by Satellite Mass

65.83 %

value share, 100-500kg, 2022

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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

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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

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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

Increasing usage of small satellites for telecommunication services generates the need to deploy advanced communication satellites for commercial purposes thereby the requirement of these satellite buses has become more relevant

Leading Market Player

24 %

market share, Lockheed Martin Corporation, 2022

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Lockheed Martin is the leading player in the North America satellite bus market. It has a strong product portfolio and it's customers include civil and military customers include USAF, the US Navy, DARPA, NASA, and NOAA. 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

  • The North American satellite bus market is driven by the increasing demand for satellite-based services, with applications ranging from communication and navigation to remote sensing and scientific research.
  • LEO satellites are in demand for applications such as Earth observation, remote sensing, and scientific research. For LEO satellites, various companies offer a range of bus solutions, including the Boeing 502 Phoenix, the Lockheed Martin LM 400, and the Northrop Grumman GeoStar-3. These buses are designed to support a range of LEO applications. Between 2017 and 2022, approximately 3,021 satellites were launched into LEO.
  • The need for high-capacity data transmission, global coverage, and high-quality broadcasting capabilities drives the demand for GEO satellites. For GEO orbit, various companies offer innovative solutions for communication and broadcasting missions, including the Boeing 702, the Lockheed Martin A2100, and the Maxar Technologies 1300-class. These buses are designed to provide long-term, stable service for satellite-based services. Between 2017 and 2022, approximately 33 satellites were launched into GEO.
  • MEO satellites are used for applications such as communication and navigation. The demand for MEO satellites is driven by the need for high-capacity data transmission, improved navigation capabilities, and advanced imaging technologies. Companies like Airbus, The Boeing Company, and Lockheed Martin offer advanced solutions for communication and navigation missions, including the Airbus Eurostar Neo, the Boeing 702MP, and the Lockheed Martin LM 2100. Between 2017 and 2022, approximately seven satellites were launched into MEO. With such developments, the overall market is expected to grow by 17% during 2023-2029.
North America Satellite Bus Market

North America 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.

  • The North American satellite bus market is driven by the increasing demand for satellite-based services, with applications ranging from communication and navigation to remote sensing and scientific research.
  • LEO satellites are in demand for applications such as Earth observation, remote sensing, and scientific research. For LEO satellites, various companies offer a range of bus solutions, including the Boeing 502 Phoenix, the Lockheed Martin LM 400, and the Northrop Grumman GeoStar-3. These buses are designed to support a range of LEO applications. Between 2017 and 2022, approximately 3,021 satellites were launched into LEO.
  • The need for high-capacity data transmission, global coverage, and high-quality broadcasting capabilities drives the demand for GEO satellites. For GEO orbit, various companies offer innovative solutions for communication and broadcasting missions, including the Boeing 702, the Lockheed Martin A2100, and the Maxar Technologies 1300-class. These buses are designed to provide long-term, stable service for satellite-based services. Between 2017 and 2022, approximately 33 satellites were launched into GEO.
  • MEO satellites are used for applications such as communication and navigation. The demand for MEO satellites is driven by the need for high-capacity data transmission, improved navigation capabilities, and advanced imaging technologies. Companies like Airbus, The Boeing Company, and Lockheed Martin offer advanced solutions for communication and navigation missions, including the Airbus Eurostar Neo, the Boeing 702MP, and the Lockheed Martin LM 2100. Between 2017 and 2022, approximately seven satellites were launched into MEO. With such developments, the overall market is expected to grow by 17% 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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North America Satellite Bus Market Size Summary

The North America Satellite Bus Market is experiencing significant growth, driven by the increasing demand for satellite-based services across various applications such as communication, navigation, remote sensing, and scientific research. The market is characterized by a diverse range of satellite bus solutions catering to Low Earth Orbit (LEO), Geostationary Orbit (GEO), and Medium Earth Orbit (MEO) satellites. Companies like Boeing, Lockheed Martin, Northrop Grumman, and Airbus are at the forefront, offering advanced bus solutions to meet the growing needs for high-capacity data transmission and global coverage. The integration of satellite communications into the 5G infrastructure is expected to further propel market expansion, creating new opportunities for extending satellite services in both urban and rural areas.

The market landscape is fairly consolidated, with major players such as Airbus SE, Honeywell International Inc., Lockheed Martin Corporation, Northrop Grumman Corporation, and Thales dominating the scene. Government investments in space programs, particularly in the United States and Canada, play a crucial role in fostering innovation and attracting subsystem manufacturers. The presence of NASA and other space agencies in North America underscores the region's status as a hub for space research and development. Additionally, the growing interest in nano and microsatellites, supported by initiatives in countries like China and India, highlights the global trend towards smaller, more efficient satellite technologies. This dynamic environment is expected to sustain the market's robust growth trajectory over the forecast period.

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North America Satellite Bus Market Size - Table of Contents

  1. 1. MARKET SEGMENTATION (includes market size in Value in USD, Forecasts up to 2029 and analysis of growth prospects)

    1. 1.1 Application

      1. 1.1.1 Communication

      2. 1.1.2 Earth Observation

      3. 1.1.3 Navigation

      4. 1.1.4 Space Observation

      5. 1.1.5 Others

    2. 1.2 Satellite Mass

      1. 1.2.1 10-100kg

      2. 1.2.2 100-500kg

      3. 1.2.3 500-1000kg

      4. 1.2.4 Below 10 Kg

      5. 1.2.5 above 1000kg

    3. 1.3 Orbit Class

      1. 1.3.1 GEO

      2. 1.3.2 LEO

      3. 1.3.3 MEO

    4. 1.4 End User

      1. 1.4.1 Commercial

      2. 1.4.2 Military & Government

      3. 1.4.3 Other

North America Satellite Bus Market Size FAQs

The North America Satellite Bus Market size is expected to reach USD 12.20 billion in 2024 and grow at a CAGR of 16.12% to reach USD 25.76 billion by 2029.

In 2024, the North America Satellite Bus Market size is expected to reach USD 12.20 billion.

North America Satellite Bus Market Report Snapshots

North America Satellite Bus Market SIZE & SHARE ANALYSIS - GROWTH TRENDS & FORECASTS UP TO 2029