Market Share of Satellite Payload Industry
The satellite payload market is moderately consolidated in nature, with the presence of a few players holding significant shares in the market. Some of the key players in the market are RTX Corporation, Northrop Grumman Corporation, Lockheed Martin Corporation, THALES, L3Harris Technologies Inc., and others.
The key OEMs highly invest in research and development and innovative technologies. On this note, in July 2022, Digantara, an India-based space situational awareness company, announced its space weather monitoring payload ROBI is operational onboard a spent upper stage of India's Polar Satellite Launch Vehicle. The company said that the experimental payload successfully shared data from PSLV's Orbital Experimental Platform (POEM), which was launched in June 2022. Such developments from key players will boost market growth in the coming years.
Satellite Payload Market Leaders
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Lockheed Martin Corporation
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Northrop Grumman Corporation
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THALES
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L3Harris Technologies Inc.
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RTX Corporation
*Disclaimer: Major Players sorted in no particular order
