In a recent published report, Kenneth Research has updated the market report for Satellite Bus Market for 2021 till 2030. Report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In the view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to be regain 25% by the end of 2021- Positive Growth in the economic demand and supply.
U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Satellite Bus Market products.
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According to the statistics by the Aerospace Industries Association (AIA), the aerospace and defense industry, in the United States, during the year 2018, generated a revenue worth USD 374 billion in value-added products and services.
Global Satellite Bus Industry was valued at USD 10.4 Billion in the year 2017. Global Satellite Bus Industry is further estimated to grow at a CAGR of 6.4% from 2018 to reach USD 17.09 Billion by the year 2025. North America region holds the highest Industry share in 2017 and Asia-Pacific Industry is considered as the fastest growing Industry in the forecasted period. At a country level, the U.S. is projected to grow strongly in the coming years.
Major market players in Satellite Bus Industry are Lockheed Martin Corporation, Airbus S.A.S., Boeing, Mitsubishi Electric Corporation, Thales Group, Israel Aerospace Industries Ltd., Orbital ATK Inc, Sierra Nevada Corporation, Honeywell International Inc., China Academy of Space Technology, Ball Corporation, Maxar Technologies Ltd. (MDA), and other 12 conpanies brief information is provide in research report. Similarly, growth strategies such as acquisition, merger, and expansion of the distribution network were few techniques adopted by most of Tier 1 and Tier 2 manufacturers in recent years.
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SWOT Analysis of Satellite Bus Industry:
Strength:
Deployment of satellites as an increase in space investigation missions
Weakness:
Repair system and maintenance in space
Opportunities:
Implementation of technology in Satellite Bus
Threats:
Government Regulations and norms.
Satellite Bus Industry Segmentation:
By Size
*Small (1-500kg)
*Medium (501-2,500kg)
*Large (Above 2,500kg)
By Application
*Communication
*Surveillance & Security
*Earth Observation & Meteorology
*Scientific Research & Exploration
*Mapping & Navigation
*Others
By Subsystem
*Flight Software
*Attitude Control System
*Electric Power System
*Structures & Mechanisms
*Thermal Control
*Telemetry Tracking and Command (TT&C)
*Propulsion
By Region
North America
*USA
*Canada
Europe
*Germany
*U.K.
*France
*Italy
*Rest of Europe
APAC
*China
*India
*Japan
*Rest of Asia-Pacific
RoW
*Latin America
*Middle East & Africa
Africa
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