The satellite bus is the primary body and structural component of a satellite, serving as the framework to hold the payload and scientific equipment. Satellite buses are often customized to meet specific client requirements. They are predominantly used in geosynchronous satellites, particularly in the case of communications satellites. Additionally, satellite buses find application in lower-orbit spacecraft, including missions in low Earth orbit.
The main types of satellite buses include small satellites, medium satellites, and large satellites. Small satellites refer to primary bodies and structural components used to house payloads and scientific equipment in satellites weighing less than 500 kilograms. Services related to small satellites include leasing, maintenance, and support, catering to applications such as earth observation and meteorology, communication, scientific research and exploration, among others.
Note that the outlook for this market is being affected by rapid changes in trade relations and tariffs globally. The report will be updated prior to delivery to reflect the latest status, including revised forecasts and quantified impact analysis. The report's Recommendations and Conclusions sections will be updated to give strategies for entities dealing with the fast-moving international environment.
The sharp escalation of U.S. tariffs and resulting trade tensions in spring 2025 are significantly affecting the electrical and electronics sector. Key components such as semiconductors, display panels, and rare-earth metals crucial for batteries and motors are now facing heavy duties. Consumer electronics companies are seeing profit margins shrink, as fierce competition makes it difficult to pass on rising costs to consumers. At the same time, industrial electronics firms are experiencing project delays due to shortages of tariff-impacted parts like printed circuit boards. In response, businesses are shifting assembly operations to tariff-exempt nations, building up inventory reserves, and redesigning products to reduce reliance on restricted materials.
The satellite bus market research report is one of a series of new reports from The Business Research Company that provides satellite bus market statistics, including satellite bus industry global market size, regional shares, competitors with a satellite bus market share, detailed satellite bus market segments, market trends and opportunities, and any further data you may need to thrive in the satellite bus industry. This satellite bus market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The satellite bus market size has grown steadily in recent years. It will grow from $12.66 billion in 2024 to $13.19 billion in 2025 at a compound annual growth rate (CAGR) of 4.2%. The growth in the historic period can be attributed to increasing demand for small satellites, high adoption of satellite constellation, and growing number of private space enterprises.
The satellite bus market size is expected to see strong growth in the next few years. It will grow to $16.71 billion in 2029 at a compound annual growth rate (CAGR) of 6.1%. The growth in the forecast period can be attributed to increase in the number of satellite launches, increasing demand from defense sector, and increasing government investments in space sector. Major trends in the forecast period include companies should consider undergoing partnerships to strengthen their position, focus on launching small satellite buses, consider applying advanced and additive manufacturing techniques, including 3d printing in satellite buses, and focus on the use of internet of things.
The forecast of 6.1% growth over the next five years reflects a modest reduction of 0.6% from the previous estimate for this market. This reduction is primarily due to the impact of tariffs between the US and other countries. This is likely to directly affect the US through higher prices for radiation-hardened flight computers and attitude control systems, primarily sourced from France and Canada, increasing costs for space missions. The effect will also be felt more widely due to reciprocal tariffs and the negative effect on the global economy and trade due to increased trade tensions and restrictions.
The satellite bus market is experiencing significant growth driven by increased investments from governments and space agencies. Governments worldwide are allocating special budgets for the exploration, development, testing, procurement, and operation of satellites, fueling demand for satellite buses. An illustrative example is the UK government's announcement in February 2022, investing £600,000 to enhance research and development in the space sector and space exploration programs. This surge in government and space agency investments is expected to boost the utilization of satellite buses, integral as structural bodies and primary systems for space vehicles.
The satellite bus market is set for growth due to the escalating number of satellite launches conducted by both public and commercial entities. Companies such as SpaceX and ISRO are actively launching satellites, contributing to increased deployment of satellite buses. For instance, in 2022, SpaceX achieved a record-breaking 32 satellite launches for the Starlink Mission, aiming to provide global satellite internet coverage. Simultaneously, ISRO launched the EOS-04 earth observation satellite in 2022, contributing to the growing demand for satellite buses.
A key trend in the satellite bus market is the focus on technological advancements by major companies. Industry leaders are striving to enhance satellite buses by incorporating technologies such as electric propulsion, high-resolution cameras, advanced remote sensing, and LIDAR. Lockheed Martin Corporation, in January 2023, introduced the LM400 satellite bus, featuring a 1,700 KG payload capacity and offering flexibility for various applications through a common design and hardware.
The adoption of 3D printing is gaining popularity as a key trend in the satellite bus market. Companies are leveraging advanced manufacturing techniques, including 3D printing, to expedite cycle times and enhance performance. Boeing, for example, launched a high-throughput small satellite production and test facility in March 2022, incorporating 3D printing to produce entire space-qualified satellite buses and expedite delivery timelines for small satellites.
In July 2022, Kongsberg Defense & Aerospace acquired 77% of NanoAvionics for $63.58 million. This acquisition positions Kongsberg to offer cost-efficient solutions across the satellite development lifecycle, from manufacturing and payload production to launch services, mission control, and data processing. NanoAvionics, known for spacecraft engineering and smallsat bus manufacturing, complements Kongsberg's capabilities.
Major companies operating in the satellite bus market include Lockheed Martin Corporation, Thales Group, Airbus SE, Northrop Grumman Corporation, The Boeing Corporation, Mitsubishi Electric Corporation, Ball Corporation, Sierra Nevada Corporation, Israel Aerospace Industries Ltd. (IAI), Mitsubishi Heavy Industries, Dhruva Space, Inovor Technologies, Beijing Commsat Technology Development Co Ltd, Avasarala Technologies Limited, The China Aerospace Science and Technology Corp (CASC), Alba Orbital, Argotec, Telespazio SpA, Raytheon, JSC Information Satellite Systems Reshetnev, Surrey Satellite Technology Ltd, GomSpace Group AB, EnduroSat, Sputnix, SpaceQuest Ltd, Visiona Tecnologia Espacial, INVAP SE, Empresa Argentina de Soluciones Satelitales Sociedad Anonima (ARSAT), Satellogic, CubeSpace / Innovus, Dragonfly Aerospace, Simera Sense
North America was the largest region in the satellite bus market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the satellite bus market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the satellite bus market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Spain, Canada.
The satellite bus market consists of sales of mini satellite buses, CubeSats, microsatellites, nanosatellites, and picosatellites. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Satellite Bus Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on satellite bus market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
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Where is the largest and fastest growing market for satellite bus ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward, including technological disruption, regulatory shifts, and changing consumer preferences? The satellite bus market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
- The market characteristics section of the report defines and explains the market.
- The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
- The forecasts are made after considering the major factors currently impacting the market. These include:
The forecasts are made after considering the major factors currently impacting the market. These include the technological advancements such as AI and automation, Russia-Ukraine war, trade tariffs (government-imposed import/export duties), elevated inflation and interest rates.
- Market segmentations break down the market into sub markets.
- The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth.
- The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
- The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
Scope
- Markets Covered:1) By Type: Small Satellite, Medium Satellite, Large Satellite
- 2) By Application: Earth Observation And Meteorology, Communication, Scientific Research and Exploration, Other Applications
- Subsegments:
- 1) By Small Satellite: Nanosatellite (1 Kg To 10 Kg); Microsatellite (10 Kg To 100 Kg); Picosatellite (Less Than 1 Kg)
- 2) By Medium Satellite: Weight Range (100 Kg To 500 Kg)
- 3) By Large Satellite: Weight Range (Over 500 Kg)
- Companies Mentioned:Lockheed Martin Corporation; Thales Group; Airbus SE; Northrop Grumman Corporation; The Boeing Corporation; Mitsubishi Electric Corporation; Ball Corporation; Sierra Nevada Corporation; Israel Aerospace Industries Ltd. (IAI); Mitsubishi Heavy Industries; Dhruva Space; Inovor Technologies; Beijing Commsat Technology Development Co Ltd; Avasarala Technologies Limited; The China Aerospace Science and Technology Corp (CASC); Alba Orbital; Argotec; Telespazio SpA; Raytheon; JSC Information Satellite Systems Reshetnev; Surrey Satellite Technology Ltd; GomSpace Group AB; EnduroSat; Sputnix; SpaceQuest Ltd; Visiona Tecnologia Espacial; INVAP SE; Empresa Argentina de Soluciones Satelitales Sociedad Anonima (ARSAT); Satellogic; CubeSpace / Innovus; Dragonfly Aerospace; Simera Sense
- Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
- Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
- Time Series: Five years historic and ten years forecast.
- Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
- Data Segmentations: country and regional historic and forecast data, market share of competitors, market segments.
- Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
- Delivery Format: PDF, Word and Excel Data Dashboard.
Table of Contents
1. Executive Summary
2. Satellite Bus Market Characteristics
3. Satellite Bus Market Trends And Strategies
4. Satellite Bus Market - Macro Economic Scenario Including The Impact Of Interest Rates, Inflation, Geopolitics, Trade Wars and Tariffs, And Covid And Recovery On The Market
- 4.1. Supply Chain Impact from Tariff War & Trade Protectionism
5. Global Satellite Bus Growth Analysis And Strategic Analysis Framework
- 5.1. Global Satellite Bus PESTEL Analysis (Political, Social, Technological, Environmental and Legal Factors, Drivers and Restraints)
- 5.2. Analysis Of End Use Industries
- 5.3. Global Satellite Bus Market Growth Rate Analysis
- 5.4. Global Satellite Bus Historic Market Size and Growth, 2019 - 2024, Value ($ Billion)
- 5.5. Global Satellite Bus Forecast Market Size and Growth, 2024 - 2029, 2034F, Value ($ Billion)
- 5.6. Global Satellite Bus Total Addressable Market (TAM)
6. Satellite Bus Market Segmentation
- 6.1. Global Satellite Bus Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
- Small Satellite
- Medium Satellite
- Large Satellite
- 6.2. Global Satellite Bus Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
- Earth Observation And Meteorology
- Communication
- Scientific Research and Exploration
- Other Applications
- 6.3. Global Satellite Bus Market, Sub-Segmentation Of Small Satellite, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
- Nanosatellite (1 Kg To 10 Kg)
- Microsatellite (10 Kg To 100 Kg)
- Picosatellite (Less Than 1 Kg)
- 6.4. Global Satellite Bus Market, Sub-Segmentation Of Medium Satellite, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
- Weight Range (100 Kg To 500 Kg)
- 6.5. Global Satellite Bus Market, Sub-Segmentation Of Large Satellite, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
- Weight Range (Over 500 Kg)
7. Satellite Bus Market Regional And Country Analysis
- 7.1. Global Satellite Bus Market, Split By Region, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
- 7.2. Global Satellite Bus Market, Split By Country, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
8. Asia-Pacific Satellite Bus Market
- 8.1. Asia-Pacific Satellite Bus Market Overview
- Region Information, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
- 8.2. Asia-Pacific Satellite Bus Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
- 8.3. Asia-Pacific Satellite Bus Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
9. China Satellite Bus Market
- 9.1. China Satellite Bus Market Overview
- 9.2. China Satellite Bus Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F,$ Billion
- 9.3. China Satellite Bus Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F,$ Billion
10. India Satellite Bus Market
- 10.1. India Satellite Bus Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
- 10.2. India Satellite Bus Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
11. Japan Satellite Bus Market
- 11.1. Japan Satellite Bus Market Overview
- 11.2. Japan Satellite Bus Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
- 11.3. Japan Satellite Bus Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
12. Australia Satellite Bus Market
- 12.1. Australia Satellite Bus Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
- 12.2. Australia Satellite Bus Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
13. Indonesia Satellite Bus Market
- 13.1. Indonesia Satellite Bus Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
- 13.2. Indonesia Satellite Bus Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
14. South Korea Satellite Bus Market
- 14.1. South Korea Satellite Bus Market Overview
- 14.2. South Korea Satellite Bus Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
- 14.3. South Korea Satellite Bus Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
15. Western Europe Satellite Bus Market
- 15.1. Western Europe Satellite Bus Market Overview
- 15.2. Western Europe Satellite Bus Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
- 15.3. Western Europe Satellite Bus Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
16. UK Satellite Bus Market
- 16.1. UK Satellite Bus Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
- 16.2. UK Satellite Bus Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
17. Germany Satellite Bus Market
- 17.1. Germany Satellite Bus Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
- 17.2. Germany Satellite Bus Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
18. France Satellite Bus Market
- 18.1. France Satellite Bus Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
- 18.2. France Satellite Bus Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
19. Italy Satellite Bus Market
- 19.1. Italy Satellite Bus Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
- 19.2. Italy Satellite Bus Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
20. Spain Satellite Bus Market
- 20.1. Spain Satellite Bus Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
- 20.2. Spain Satellite Bus Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
21. Eastern Europe Satellite Bus Market
- 21.1. Eastern Europe Satellite Bus Market Overview
- 21.2. Eastern Europe Satellite Bus Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
- 21.3. Eastern Europe Satellite Bus Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
22. Russia Satellite Bus Market
- 22.1. Russia Satellite Bus Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
- 22.2. Russia Satellite Bus Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
23. North America Satellite Bus Market
- 23.1. North America Satellite Bus Market Overview
- 23.2. North America Satellite Bus Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
- 23.3. North America Satellite Bus Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
24. USA Satellite Bus Market
- 24.1. USA Satellite Bus Market Overview
- 24.2. USA Satellite Bus Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
- 24.3. USA Satellite Bus Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
25. Canada Satellite Bus Market
- 25.1. Canada Satellite Bus Market Overview
- 25.2. Canada Satellite Bus Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
- 25.3. Canada Satellite Bus Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
26. South America Satellite Bus Market
- 26.1. South America Satellite Bus Market Overview
- 26.2. South America Satellite Bus Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
- 26.3. South America Satellite Bus Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
27. Brazil Satellite Bus Market
- 27.1. Brazil Satellite Bus Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
- 27.2. Brazil Satellite Bus Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
28. Middle East Satellite Bus Market
- 28.1. Middle East Satellite Bus Market Overview
- 28.2. Middle East Satellite Bus Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
- 28.3. Middle East Satellite Bus Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
29. Africa Satellite Bus Market
- 29.1. Africa Satellite Bus Market Overview
- 29.2. Africa Satellite Bus Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
- 29.3. Africa Satellite Bus Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
30. Satellite Bus Market Competitive Landscape And Company Profiles
- 30.1. Satellite Bus Market Competitive Landscape
- 30.2. Satellite Bus Market Company Profiles
- 30.2.1. Lockheed Martin Corporation Overview, Products and Services, Strategy and Financial Analysis
- 30.2.2. Thales Group Overview, Products and Services, Strategy and Financial Analysis
- 30.2.3. Airbus SE Overview, Products and Services, Strategy and Financial Analysis
- 30.2.4. Northrop Grumman Corporation Overview, Products and Services, Strategy and Financial Analysis
- 30.2.5. The Boeing Corporation Overview, Products and Services, Strategy and Financial Analysis
31. Satellite Bus Market Other Major And Innovative Companies
- 31.1. Mitsubishi Electric Corporation
- 31.2. Ball Corporation
- 31.3. Sierra Nevada Corporation
- 31.4. Israel Aerospace Industries Ltd. (IAI)
- 31.5. Mitsubishi Heavy Industries
- 31.6. Dhruva Space
- 31.7. Inovor Technologies
- 31.8. Beijing Commsat Technology Development Co Ltd
- 31.9. Avasarala Technologies Limited
- 31.10. The China Aerospace Science and Technology Corp (CASC)
- 31.11. Alba Orbital
- 31.12. Argotec
- 31.13. Telespazio SpA
- 31.14. Raytheon
- 31.15. JSC Information Satellite Systems Reshetnev
32. Global Satellite Bus Market Competitive Benchmarking And Dashboard
33. Key Mergers And Acquisitions In The Satellite Bus Market
34. Recent Developments In The Satellite Bus Market
35. Satellite Bus Market High Potential Countries, Segments and Strategies
- 35.1 Satellite Bus Market In 2029 - Countries Offering Most New Opportunities
- 35.2 Satellite Bus Market In 2029 - Segments Offering Most New Opportunities
- 35.3 Satellite Bus Market In 2029 - Growth Strategies
- 35.3.1 Market Trend Based Strategies
- 35.3.2 Competitor Strategies
36. Appendix
- 36.1. Abbreviations
- 36.2. Currencies
- 36.3. Historic And Forecast Inflation Rates
- 36.4. Research Inquiries
- 36.5. The Business Research Company
- 36.6. Copyright And Disclaimer
