North America Satellite Bus Market Insights Forecasts to 2033

• The North America Satellite Bus Market Size was valued at USD 10.03 Billion in 2023.
• The Market Size is Growing at a CAGR of 14.10% from 2023 to 2033
• The North America Satellite Bus Market Size is Expected to Reach USD 37.50 Billion by 2033

The North America Satellite Bus Market Size is Anticipated to Reach USD 37.50 Billion by 2033, growing at a CAGR of 14.10% from 2023 to 2033.

Market Overview

The market for satellite buses in North America is the industry devoted to the design, development, and manufacturing of the essential structural and functional elements that enable a satellite to function in orbit. The creation and manufacturing of the essential components that enable a satellite's activities in orbit is the focus of the North America satellite bus market. Propulsion systems, power generation and distribution, temperature management, attitude and orbit control systems (AOCS), and communication systems are all crucial parts of a satellite bus. These systems help scientific research, communication, and Earth observation by ensuring the satellite operates properly while in orbit. The structure and collection of components that provide the payload to fulfill the satellite's primary purpose is known as the satellite bus. The increasing demand for satellite-based services is driving market expansion, necessitating reliable and effective satellite buses for applications like navigation, Earth observation, broadband internet, and telephony. The rise in low Earth orbit constellations like SpaceX's Starlink and OneWeb, as well as more private organizations participating in space missions, contribute to the need for scalable and adaptable satellite bus systems. Government initiatives like NASA, the U.S. Department of Defense, and NOAA fund satellite missions for scientific research, national security, and environmental monitoring, driving innovation in satellite bus technologies. Public-private partnerships and collaborations further propel North America's satellite bus market growth.

Report Coverage

This research report categorizes the market for the North America satellite bus market based on various segments and regions and forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the North America satellite bus market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the North America satellite bus market.

Driving Factors

The North America satellite bus market is fueled by the increasing demand for satellite-based services like communication, Earth observation, and navigation. The rise of low Earth orbit satellite constellations, like SpaceX's Starlink and OneWeb, has boosted the need for cost-effective, small satellite buses. Technological advancements in satellite components, such as improved propulsion systems and thermal control, have made these buses more appealing to commercial and government operators. Private companies' participation in space missions also drives the market for innovative and reliable satellite buses.

Restraining Factors

The market for satellite bus development faces several challenges, including high costs, complexity of integrating advanced systems, regulatory issues related to space debris management and collision avoidance, international market competition, and technological constraints in miniaturization and payload capacity. These factors can limit market growth and hinder smaller operators' ability to manage space debris effectively.

Market Segmentation

The North America satellite bus market share is classified into application, satellite mass and end-user.

• The communication segment accounted for the highest share in 2023 and is expected to grow at a significant CAGR during the forecast period.

Based on the application, the North America satellite bus market is divided into communication, earth observation, navigation, space observation, and others. Among these, the communication segment accounted for the highest share in 2023 and is expected to grow at a significant CAGR during the forecast period. The North American satellite bus industry dominates the communication segment due to the increasing demand for satellite-based services in industries like television, broadband internet, and telecoms. This demand is driven by the need for dependable, fast communication services, especially in underserved and distant areas, and satellites' essential role in global connectivity.

• The 100-500kg segment accounted for the largest share in 2023 and is expected to grow at a significant CAGR during the forecast period.

The North America satellite bus market is segmented by satellite mass into 10-100kg, 100-500kg, 500-1000kg, below 10 kg, above 1000kg. Among these, the 100-500kg segment accounted for the largest share in 2023 and is expected to grow at a significant CAGR during the forecast period. This is due to certain satellite design parameters, cost-effectiveness, and the growing need for tiny satellite applications. Known as small satellites or smallsats, this weight class can balance the payload capacity and launch operating efficiency at a cost that appeals to both government and commercial satellite operators.

• The commercial segment accounted for the fastest share in 2023 and is expected to grow at a significant CAGR during the forecast period.

The North America satellite bus market is segmented by end-user into commercial, military & government, and others. Among these, the commercial segment accounted for the fastest share in 2023 and is expected to grow at a significant CAGR during the forecast period. This is due to the increasing demand for satellite-based services in industries like broadband internet, television, and telecommunications. The demand for satellite buses carrying communication payloads has grown due to the need for dependable, fast services in underserved areas.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the North America satellite bus market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Companies

• Airbus SE
• Honeywell International Inc.
• Lockheed Martin Corporation
• Northrop Grumman Corporation
• Thales

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting And Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Recent Developments

• In April 2024, Eclipse Velocity, Eclipse Horizon, and Eclipse Titan are the three different classes of the Eclipse Satellite Bus Line that Sierra Space has introduced. The scalable solutions for earth observation, maintenance, transportation, logistics, and communications provided by these satellite buses are made to satisfy the quickly changing needs of the contemporary space industry.

Market Segment

This study forecasts revenue at North America, regional, and country levels from 2020 to 2033. Spherical Insights has segmented the North America satellite bus market based on the below-mentioned segments:

North America Satellite Bus Market, By Application

• Communication
• Earth Observation
• Navigation
• Space Observation
• Others

North America Satellite Bus Market, By Satellite Mass

• 10-100kg
• 100-500kg
• 500-1000kg
• Below 10 Kg
• Above 1000kg

North America Satellite Bus Market, By End-User

• Commercial
• Military & Government
• Others