Market Forecast by Countries (Germany, United Kingdom, France, Italy, Russia, Spain, Rest of Europe), By Subsystem (Structures & Mechanisms, Thermal Control, Electric Power System, Attitude Control System, Propulsion, Telemetry Tracking and Command (TT&C), Flight Software), By Satellite Size (Small (1-500kg), Medium (501-2,500kg), Large (>2,500kg)), By Application (Earth Observation & Meteorology, Communication, Scientific Research & Exploration, Surveillance & Security, Mapping & Navigation, Navigation) And Competitive Landscape
Product Code: ETC4612447 | Publication Date: Jul 2023 | Updated Date: Jan 2025 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
Report Name | Europe Satellite Bus Market |
Forecast period | 2025-2031 |
CAGR | 7.1% |
Growing Sector | Automotive |
Europe Satellite Bus Market report thoroughly covers the market by countries, by subsystem, by satellite size, and by application. The market outlook report provides an unbiased and detailed analysis of the ongoing market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
The European satellite bus market encompasses the foundational components and systems that constitute the primary structure of spacecraft. There is a noticeable shift towards the commercialization of space, with private companies playing a more significant role in satellite deployment and services. This evolution is fostered by a dynamic regulatory landscape that seeks to accommodate new technologies and market entrants while ensuring safety and environmental sustainability.
According to 6Wresearch, the Europe Satellite Bus Market size is projected to reach at a CAGR of 7.1% during the forecast period 2025-2031. The market is driven by several factors, including the escalating demand for small satellites in telecommunications, the increasing number of space exploration missions, and the rising need for high-quality Earth observation data. Additionally, advancements in space technology and the growing emphasis on satellite constellation projects contribute to Europe Satellite Bus Market growth. However, the market faces challenges such as stringent regulatory requirements, the high cost of satellite launch and deployment, and the need for technological innovation to ensure spacecraft sustainability and reliability. The complexity of coordinating international space missions and securing frequencies also presents obstacles. Despite these challenges, the market still has a wide scope to expand due to some ongoing trends. These trends are the miniaturization of satellites, the development of reusable launch vehicles, and the increasing use of electric propulsion systems.
Governments across Europe have launched several initiatives to bolster the satellite bus market. These initiatives focus on funding innovative satellite technologies, supporting space startups through grants, and establishing partnerships with private entities to enhance satellite production and deployment capabilities. For instance, the European Space Agency's (ESA) "New Space" approach aims to foster a more commercial and competitive European space sector by encouraging startups and SMEs to participate in space activities.
The Europe satellite bus market features a mix of well-established companies and emerging players. Airbus Defence and Space, Thales Alenia Space, and OHB SE are among the leading companies that dominate the market.
The Europe satellite bus industry is poised for substantial growth, driven by continuous technological advancements and increasing investment in space exploration and satellite services. The trend towards miniaturization and the adoption of electric propulsion systems are expected to continue, further boosting market efficiency and reducing costs.
According to Dhaval, Research Manager, 6Wresearch, Germany has been the fastest-growing country in the Europe satellite bus market. This can be attributed to its robust space industry and continuous investments in research and development. Moreover, Germany's strategic location makes it a favorable launch site for satellites, boosting its position as a key player in the European market.
Based on the application, Communication emerges as the dominant and fastest-growing segment. This growth is primarily fueled by the increasing demand for enhanced telecommunications infrastructure, including internet services, broadcasting, and mobile connectivity, especially in remote areas.
The report offers a comprehensive study of the subsequent market segments:
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Europe Satellite Bus Market Overview |
3.1 Europe Regional Macro Economic Indicators |
3.2 Europe Satellite Bus Market Revenues & Volume, 2021 & 2031F |
3.3 Europe Satellite Bus Market - Industry Life Cycle |
3.4 Europe Satellite Bus Market - Porter's Five Forces |
3.5 Europe Satellite Bus Market Revenues & Volume Share, By Countries, 2021 & 2031F |
3.6 Europe Satellite Bus Market Revenues & Volume Share, By Subsystem, 2021 & 2031F |
3.7 Europe Satellite Bus Market Revenues & Volume Share, By Satellite Size, 2021 & 2031F |
3.8 Europe Satellite Bus Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Europe Satellite Bus Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Europe Satellite Bus Market Trends |
6 Europe Satellite Bus Market, 2021 - 2031 |
6.1 Europe Satellite Bus Market, Revenues & Volume, By Subsystem, 2021 - 2031 |
6.2 Europe Satellite Bus Market, Revenues & Volume, By Satellite Size, 2021 - 2031 |
6.3 Europe Satellite Bus Market, Revenues & Volume, By Application, 2021 - 2031 |
7 Germany Satellite Bus Market, 2021 - 2031 |
7.1 Germany Satellite Bus Market, Revenues & Volume, By Subsystem, 2021 - 2031 |
7.2 Germany Satellite Bus Market, Revenues & Volume, By Satellite Size, 2021 - 2031 |
7.3 Germany Satellite Bus Market, Revenues & Volume, By Application, 2021 - 2031 |
8 United Kingdom Satellite Bus Market, 2021 - 2031 |
8.1 United Kingdom Satellite Bus Market, Revenues & Volume, By Subsystem, 2021 - 2031 |
8.2 United Kingdom Satellite Bus Market, Revenues & Volume, By Satellite Size, 2021 - 2031 |
8.3 United Kingdom Satellite Bus Market, Revenues & Volume, By Application, 2021 - 2031 |
9 France Satellite Bus Market, 2021 - 2031 |
9.1 France Satellite Bus Market, Revenues & Volume, By Subsystem, 2021 - 2031 |
9.2 France Satellite Bus Market, Revenues & Volume, By Satellite Size, 2021 - 2031 |
9.3 France Satellite Bus Market, Revenues & Volume, By Application, 2021 - 2031 |
10 Italy Satellite Bus Market, 2021 - 2031 |
10.1 Italy Satellite Bus Market, Revenues & Volume, By Subsystem, 2021 - 2031 |
10.2 Italy Satellite Bus Market, Revenues & Volume, By Satellite Size, 2021 - 2031 |
10.3 Italy Satellite Bus Market, Revenues & Volume, By Application, 2021 - 2031 |
11 Russia Satellite Bus Market, 2021 - 2031 |
11.1 Russia Satellite Bus Market, Revenues & Volume, By Subsystem, 2021 - 2031 |
11.2 Russia Satellite Bus Market, Revenues & Volume, By Satellite Size, 2021 - 2031 |
11.3 Russia Satellite Bus Market, Revenues & Volume, By Application, 2021 - 2031 |
12 Spain Satellite Bus Market, 2021 - 2031 |
12.1 Spain Satellite Bus Market, Revenues & Volume, By Subsystem, 2021 - 2031 |
12.2 Spain Satellite Bus Market, Revenues & Volume, By Satellite Size, 2021 - 2031 |
12.3 Spain Satellite Bus Market, Revenues & Volume, By Application, 2021 - 2031 |
13 Rest of Europe Satellite Bus Market, 2021 - 2031 |
13.1 Rest of Europe Satellite Bus Market, Revenues & Volume, By Subsystem, 2021 - 2031 |
13.2 Rest of Europe Satellite Bus Market, Revenues & Volume, By Satellite Size, 2021 - 2031 |
13.3 Rest of Europe Satellite Bus Market, Revenues & Volume, By Application, 2021 - 2031 |
14 Europe Satellite Bus Market Key Performance Indicators |
15 Europe Satellite Bus Market - Opportunity Assessment |
15.1 Europe Satellite Bus Market Opportunity Assessment, By Countries, 2021 & 2031F |
15.2 Europe Satellite Bus Market Opportunity Assessment, By Subsystem, 2021 & 2031F |
15.3 Europe Satellite Bus Market Opportunity Assessment, By Satellite Size, 2021 & 2031F |
15.4 Europe Satellite Bus Market Opportunity Assessment, By Application, 2021 & 2031F |
16 Europe Satellite Bus Market - Competitive Landscape |
16.1 Europe Satellite Bus Market Revenue Share, By Companies, 2024 |
16.2 Europe Satellite Bus Market Competitive Benchmarking, By Operating and Technical Parameters |
17 Company Profiles |
18 Recommendations |
19 Disclaimer |