Market Share of Satellite Component Industry
The satellite component market is semi-consolidated, with a handful of players holding significant shares in the market. Some prominent market players are THALES, Viking Satcom, Lockheed Martin Corporation, Northrop Grumman Corporation, and Honeywell International Inc. With the growing competition, major original equipment manufacturers (OEMs) are focusing on designing and developing advanced satellite components and systems for space applications. Growing expenditure on research and development and design and development of next-generation satellite antennas, transponders, propulsion systems, and others will create better opportunities in the coming years.
For instance, in October 2021, the European Space Agency (ESA), French space agency CNES, and Thales Alenia Space, a satellite manufacturer, announced they would jointly develop a cooling system to maintain the temperature of big satellites in orbit. It will be the first mechanically pumped loop on large commercial telecommunications satellites.
Satellite Component Market Leaders
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Lockheed Martin Corporation
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Viking Satcom
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Honeywell International Inc.
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Northrop Grumman Corporation
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THALES
*Disclaimer: Major Players sorted in no particular order
