The report "Satellite Payloads Market by Orbit Type (LEO, MEO, GEO), Payload Type (Communication, Imaging, Navigation), Vehicle Type (Small, Medium to Heavy), Payload Weight (Low, Medium, High), Frequency Band, Application, & Region - Global Forecasts to 2022"
The satellite payloads market is estimated to
be USD 11.84 Billion in 2017 and is projected to reach USD 18.15 Billion by
2022, at a CAGR of 8.92% during the forecast period.
Increased demand for hosted payloads, satellite miniaturization, and reducing
costs of satellites are the key factors expected to fuel the growth of the
satellite payloads market.
Browse 93 market data tables and 65 figures spread through 176
pages and in-depth TOC on "Satellite
Payloads Market - Global Forecasts to 2022"
Press Release
The LEO segment is expected to lead the
market during the forecast period
Based on
orbit type, the LEO (Low Earth Orbit) segment is projected to lead the
satellite payloads market during the forecast period. The satellite payloads
designed for LEO are mainly used for earth observation, remote sensing, and
mobile & telecommunication services due to lower latency.
The
communication payload segment is expected to lead the market during the
forecast period
Based on payload type, the
communication payload segment is estimated to lead the satellite payloads
market during the forecast period. This payload type is used for transmitting
highly critical data. It is also used in the telecommunication and broadcasting
industries on a larger scale.
The C,
K/KU/KA band segment is projected to lead the market during the forecast period
Based on frequency band, the C,
K/KU/KA band segment is projected to lead the market during the forecast
period. C, K, Ku, & Ka bands are widely used for telecommunication and
broadcast operations.
The
telecommunication segment is projected to lead the market during the forecast
period
Based on application, the
telecommunication segment is estimated to dominate the satellite payloads
market during the forecast period. Due to the increase in research and
development activities, communication-related missions are expected to offer
enhanced quality communication systems with the help of highly sophisticated
miniaturized on-board nano, micro, and mini subsystems.
North
America is estimated to account for the largest share of the market in 2017
The North American region is
estimated to lead the market in 2017. Disruptive technologies in the region’s
satellite industry are transforming the way the companies do business, helping
them with a competitive advantage in markets of other regions. The North
American market is expected to witness high growth during the forecast period.
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