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Satellite Attitude and Orbit Control Systems Market Trends

Report ID: GMI12181
Published Date: Nov 2024
Report Format: PDF

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Satellite Attitude and Orbit Control Systems Market Trends

Satellite constellations are emerging as a key solution for expanding reliable internet and communication services, especially in remote areas. Integrated Attitude Control Systems (IACS) play a crucial role in maintaining precise satellite positioning for effective communication. As internet access becomes recognized as a basic service, increased investment in satellite technologies aims to bridge the global digital divide. For instance, in October 2022, Honeywell announced that Mangata Networks chose its integrated attitude control system for a new 32-satellite constellation. Mangata's new highly elliptical orbit (HEO) and medium Earth orbit (MEO) satellite constellations provide communications and weather monitoring in areas that typically lack in quality internet connectivity.

Authors: Suraj Gujar, Partha Paul

Frequently Asked Questions (FAQ) :

The global market size for satellite attitude and orbit control systems was valued at approximately USD 2.3 billion in 2023 and is expected to reach around USD 8.2 billion by 2032, driven by a CAGR of 15.6% from 2024 to 2032.

The commercial segment accounted for USD 1.7 billion in revenue in 2023 and is expected to grow significantly by 2032, driven by the rising need for satellite-based communication and internet services worldwide.

The North America market held a 48.5% share in 2023, driven by the surge in low earth orbit (LEO) satellite deployments and increasing demand for satellite-driven services.

Major players in the industry include AAC Clyde Space, Jena-Optronik, Bradford Engineering, Airbus, Honeywell, Innovative Solutions in Space, Leonardo, NewSpace Systems, Northrop Grumman, and OHB.