Market Forecast by Countries (United States, Canada), 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: ETC4623640 | Publication Date: Jul 2023 | Updated Date: Feb 2025 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 200 | No. of Figures: 90 | No. of Tables: 300 | |
Report Name | North America Satellite Bus Market |
Forecast period | 2025-2031 |
CAGR | 5.2% |
Forecast Size | USD 12.8 billion by 2031 |
Growing Sector | Technology |
The North America Satellite Bus Market report extensively covers the market by Subsystem, Satellite Size, Application, and Countries. The market report provides an unbiased and detailed analysis of the ongoing market trends, opportunities/high growth areas, and market drivers which would help stakeholders to devise and align their market strategies according to the current and future market dynamics.
North America Satellite Bus Market was valued at USD 6.7 billion and is expected to reach USD 12.8 billion, growing at a CAGR of around 5.2% from 2025 to 2031. Satellite buses are crucial components of satellite systems, providing the necessary infrastructure and support for spacecraft to operate in orbit. They serve as the backbone of a satellite, with all other equipment and payloads attached to them.
The North America Satellite Bus Market is witnessing robust growth due to rising demand for satellite-based applications for Earth Observation & Meteorology, Communication, Surveillance & Security, and Mapping & Navigation. Rapid advancements in satellite technologies and space exploration contribute significantly to market growth.
According to 6Wresearch, the North America Satellite Bus Market is projected to grow at a CAGR of 5.2% during the forecast period. One of the key drivers for the growth of the North America Satellite Bus Market is the increasing demand for satellite-based applications. With growing concerns about climate change and natural disasters, there is a rising need for accurate Earth observation and meteorology data, which can be provided by satellites. Additionally, there is an increasing demand for reliable communication networks in remote areas, further driving market growth. Moreover, governments and private companies are investing heavily in space exploration and security. This has led to advancements in satellite technologies such as miniaturization, increased payload capacity, and enhanced durability.
Despite the positive growth trends, there are some challenges that may hinder the growth of the North America Satellite Bus Market. One of the major challenges is the high cost associated with satellite manufacturing and launch, which limits market access for small and medium-sized companies. Additionally, strict regulations by government bodies regarding satellite launches and operations can also pose a challenge for market growth.
Key players such as Lockheed Martin Corporation, The Boeing Company, Northrop Grumman Corporation, and others are ramping up their efforts to strengthen their position in the market. Strategic partnerships, collaborations, and product launches are among their key growth strategies.Currently, Northrop Grumman holds the largest share in the market.
Several government regulations have been put in place to ensure safe and responsible use of satellites. For instance, the National Aeronautics and Space Administration (NASA) has established guidelines for satellite design, operation, and disposal to prevent space debris. Similarly, the Federal Communications Commission (FCC) regulates satellite communications in the United States.
The North America Satellite Bus Market is set to witness significant growth, driven by increasing demand for space solutions and advancements in satellite technology. The market is highly competitive, with key players continuously investing in R&D and collaborations to stay ahead of the competition. However, challenges such as high costs and strict regulations may pose hindrances for new entrants. It is crucial for market players to navigate these challenges and capitalize on the opportunities presented by the growing demand for satellite bus in various sectors.
According to Dhaval, Research Manager, 6Wresearch, The Attitude Control System segment is expected to hold the dominant share in the North America satellite bus market.
The Small (1-500kg) segment is expected to hold the dominant share in the North America satellite bus market.
The Communication segment is expected to hold the dominant share in the North America satellite bus market.
The United States dominates the North America Satellite Bus Market due to the high concentration of major satellite manufacturers and growing investment in space exploration.
The market study offers an exhaustive analysis of the following 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 North America Satellite Bus Market Overview |
3.1 North America Regional Macro Economic Indicators |
3.2 North America Satellite Bus Market Revenues & Volume, 2021 & 2031F |
3.3 North America Satellite Bus Market - Industry Life Cycle |
3.4 North America Satellite Bus Market - Porter's Five Forces |
3.5 North America Satellite Bus Market Revenues & Volume Share, By Countries, 2021 & 2031F |
3.6 North America Satellite Bus Market Revenues & Volume Share, By Subsystem, 2021 & 2031F |
3.7 North America Satellite Bus Market Revenues & Volume Share, By Satellite Size, 2021 & 2031F |
3.8 North America Satellite Bus Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 North America Satellite Bus Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 North America Satellite Bus Market Trends |
6 North America Satellite Bus Market, 2021 - 2031 |
6.1 North America Satellite Bus Market, Revenues & Volume, By Subsystem, 2021 - 2031 |
6.2 North America Satellite Bus Market, Revenues & Volume, By Satellite Size, 2021 - 2031 |
6.3 North America Satellite Bus Market, Revenues & Volume, By Application, 2021 - 2031 |
7 United States Satellite Bus Market, 2021 - 2031 |
7.1 United States Satellite Bus Market, Revenues & Volume, By Subsystem, 2021 - 2031 |
7.2 United States Satellite Bus Market, Revenues & Volume, By Satellite Size, 2021 - 2031 |
7.3 United States Satellite Bus Market, Revenues & Volume, By Application, 2021 - 2031 |
8 Canada Satellite Bus Market, 2021 - 2031 |
8.1 Canada Satellite Bus Market, Revenues & Volume, By Subsystem, 2021 - 2031 |
8.2 Canada Satellite Bus Market, Revenues & Volume, By Satellite Size, 2021 - 2031 |
8.3 Canada Satellite Bus Market, Revenues & Volume, By Application, 2021 - 2031 |
9 North America Satellite Bus Market Key Performance Indicators |
10 North America Satellite Bus Market - Opportunity Assessment |
10.1 North America Satellite Bus Market Opportunity Assessment, By Countries, 2021 & 2031F |
10.2 North America Satellite Bus Market Opportunity Assessment, By Subsystem, 2021 & 2031F |
10.3 North America Satellite Bus Market Opportunity Assessment, By Satellite Size, 2021 & 2031F |
10.4 North America Satellite Bus Market Opportunity Assessment, By Application, 2021 & 2031F |
11 North America Satellite Bus Market - Competitive Landscape |
11.1 North America Satellite Bus Market Revenue Share, By Companies, 2024 |
11.2 North America Satellite Bus Market Competitive Benchmarking, By Operating and Technical Parameters |
12 Company Profiles |
13 Recommendations |
14 Disclaimer |