Satellite Bus Market Report by Subsystem (Structures and Mechanisms, Thermal Control, Electric Power System, Attitude Control System, Propulsion, Telemetry Tracking Command, Flight Software), Satellite Size (Small, Medium, Large), Application (Earth Observation and Meteorology, Communication, Scientific Research and Exploration, Surveillance and Security, Mapping, Navigation), and Region 2025-2033

Satellite Bus Market Report by Subsystem (Structures and Mechanisms, Thermal Control, Electric Power System, Attitude Control System, Propulsion, Telemetry Tracking Command, Flight Software), Satellite Size (Small, Medium, Large), Application (Earth Observation and Meteorology, Communication, Scientific Research and Exploration, Surveillance and Security, Mapping, Navigation), and Region 2025-2033

Report Format: PDF+Excel | Report ID: SR112025A5789

Market Overview:

The global satellite bus market size reached USD 15.4 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 24.3 Billion by 2033, exhibiting a growth rate (CAGR) of 4.93% during 2025-2033.

Report Attribute 
Key Statistics
Base Year
2024
Forecast Years
2025-2033
Historical Years
2019-2024
Market Size in 2024
USD 15.4 Billion
Market Forecast in 2033
USD 24.3 Billion
Market Growth Rate (2025-2033) 4.93%


A satellite bus, also known as a spacecraft bus, refers to the structural body and primary system of a satellite comprising power, temperature control, and directional thrusters. It also consists of a life support subsystem for human-crewed missions. It provides control of the satellite and support services to the mission payload. At present, there is a considerable rise in the use of satellites for navigation, communication, and climate and environment monitoring, which is positively influencing the requirement for satellite buses across the globe.

Satellite Bus Market Trends:

Increasing investments in space programs by governments of numerous countries around the world currently represents one of the key factors bolstering the growth of the market. Moreover, satellites can detect underground water and mineral sources, monitor the transfer of nutrients and contaminants from land into waterways, and measure land and water temperatures, the growth of algae in seas, and the erosion of topsoil from land. They can also efficiently track large-scale infrastructures like fuel pipelines that need to be checked for leaks, which would require enormous hours of land- or air-based inspection. Besides this, satellites allow meteorologists to monitor the weather globally, enabling them to follow the effects of phenomena like volcanic eruptions. This is creating a positive outlook for the market. Nowadays, satellite buses can accommodate reconfigurable payloads, smart power systems, and onboard propulsion technologies, which is also impelling the market growth. Furthermore, satellite launch costs are reducing on account of improvements in reusable rockets and the rising utilization of flexible launch sites. This, coupled with the increasing number of satellites launches worldwide, is anticipated to facilitate the growth of the market.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global satellite bus market report, along with forecasts at the global, regional and country level from 2025-2033. Our report has categorized the market based on subsystem, satellite size and application.

Breakup by Subsystem:

  • Structures and Mechanisms
  • Thermal Control
  • Electric Power System
  • Attitude Control System
  • Propulsion
  • Telemetry Tracking Command
  • Flight Software
     

Breakup by Satellite Size:

  • Small
  • Medium
  • Large
     

Breakup by Application:

  • Earth Observation and Meteorology
  • Communication
  • Scientific Research and Exploration
  • Surveillance and Security
  • Mapping
  • Navigation
     

Breakup by Region:

  • North America
    • United States
    • Canada
  • Asia-Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Indonesia
    • Others
  • Europe
    • Germany
    • France
    • United Kingdom
    • Italy
    • Spain
    • Russia
    • Others
  • Latin America
    • Brazil
    • Mexico
    • Others
  • Middle East and Africa
     

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players being Airbus SE, Ball Corporation, Centum Electronics Limited, Honeywell International Inc., Israel Aerospace Industries, Lockheed Martin Corporation, Maxar Technologies Inc., NanoAvionics Corp. (AST SpaceMobile Inc), NEC Corporation (AT&T Corporation), Northrop Grumman Corporation, Sierra Nevada Corporation, Thales Group and The Boeing Company.

Report Coverage:

Report Features Details
Base Year of the Analysis 2024
Historical Period 2019-2024
Forecast Period 2025-2033
Units Billion USD
Segment Coverage Subsystem, Satellite Size, Application, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered Airbus SE, Ball Corporation, Centum Electronics Limited, Honeywell International Inc., Israel Aerospace Industries, Lockheed Martin Corporation, Maxar Technologies Inc., NanoAvionics Corp. (AST SpaceMobile Inc), NEC Corporation (AT&T Corporation), Northrop Grumman Corporation, Sierra Nevada Corporation, Thales Group and The Boeing Company.
Customization Scope 10% Free Customization
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

Key Questions Answered in This Report

The satellite bus market was valued at USD 15.4 Billion in 2024.

We expect the global satellite bus market to exhibit a CAGR of 4.93% during 2025-2033.

The rising investments in space programs, along with the increasing adoption of satellites for navigation, communication, and climate and environment monitoring, are primarily driving the global satellite bus market.

The sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown regulations across several nations, resulting in the decline of various satellite launches, thereby negatively impacting the global market for satellite bus.

Based on the subsystem, the global satellite bus market can be bifurcated into structures and mechanisms, thermal control, electric power system, attitude control system, propulsion, telemetry tracking command, and flight software. Currently, structures and mechanisms hold the majority of the total market share.

Based on the satellite size, the global satellite bus market has been segmented into small, medium, and large. Among these, large currently exhibits a clear dominance in the market.

Based on the application, the global satellite bus market can be divided into earth observation and meteorology, communication, scientific research and exploration, surveillance and security, mapping, and navigation. Currently, earth observation and meteorology accounts for the largest market share.

On a regional level, the market has been classified into North America, Asia-Pacific, Europe, Latin America, and Middle East and Africa, where North America currently dominates the global market.

Some of the major players in the global satellite bus market include Airbus SE, Ball Corporation, Centum Electronics Limited, Honeywell International Inc., Israel Aerospace Industries, Lockheed Martin Corporation, Maxar Technologies Inc., NanoAvionics Corp. (AST SpaceMobile Inc), NEC Corporation (AT&T Corporation), Northrop Grumman Corporation, Sierra Nevada Corporation, Thales Group, and The Boeing Company. 

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Satellite Bus Market Report by Subsystem (Structures and Mechanisms, Thermal Control, Electric Power System, Attitude Control System, Propulsion, Telemetry Tracking Command, Flight Software), Satellite Size (Small, Medium, Large), Application (Earth Observation and Meteorology, Communication, Scientific Research and Exploration, Surveillance and Security, Mapping, Navigation), and Region 2025-2033
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