Home > Aerospace & Defense > Aircraft Parts > Satellite Bus Market

Satellite Bus Market Share

Report ID: GMI11322
Published Date: Sep 2024
Report Format: PDF

Download Free Sample

Satellite Bus Market Share

Lockheed Martin Corporation & Northrop Grumman Hold a significant share in the market. Lockheed Martin Corporation is a prominent global aerospace, defense, and security company with a strong presence in the satellite bus industry. With its headquarters in Bethesda, Maryland, Lockheed Martin is recognized for its extensive experience and innovation in space systems and satellite technology. Lockheed Martin provides a wide range of satellite bus solutions tailored to various mission needs, including communications, EO and scientific research. The company's satellite buses are known for their reliability, advanced technology, and adaptability to different mission profiles.

Northrop Grumman is a prominent player in the satellite bus industry, renowned for its extensive experience and technological prowess in space systems and aerospace technologies. As a leading global aerospace and defense technology company, Northrop Grumman provides a wide range of satellite bus solutions that cater to various applications, including communications, EO, and scientific missions. Northrop Grumman’s satellite bus offerings are characterized by their advanced technology and flexibility. The company provides several types of satellite buses, each designed to meet specific mission requirements.

Satellite Bus Market Companies

Major players operating in the satellite bus industry are:

Lockheed Martin Corporation
Northrop Grumman
Airbus
Boeing
Maxar Technologies Holdings Inc.
Thales Group
Israel Aerospace Industries (IAI)

Authors: Suraj Gujar, Deeksha Vishwakarma

Frequently Asked Questions (FAQ) :

The industry size for satellite bus was valued at USD 13.6 billion in 2023 and is expected to grow at over 7% CAGR between 2024 and 2032 due to growing use of Earth observation satellites for applications, such as environmental monitoring, agriculture, disaster management, and urban planning

The commercial end-user industry segment in the satellite bus market will record over 10 billion by 2032 driven by rising interest in sectors, such as agriculture, urban planning, environmental monitoring, and disaster management.

North America market recorded over 30% share in 2023 driven by significant investment in space technology and the presence of key industry players such as Lockheed Martin, and Boeing.

Lockheed Martin Corporation, Northrop Grumman, Airbus, Boeing, Maxar Technologies Holdings Inc., Thales Group, and Israel Aerospace Industries (IAI)