Report ID: UCMIG20A2050
Report ID:
UCMIG20A2050 |
Region:
Global |
Published Date: Upcoming |
Pages:
165
| Tables: 55 | Figures: 60
In 2020, the global market for satellite payloads was worth USD 13.32 billion, but it experienced a decline in demand due to the COVID-19 pandemic. Despite this setback, the market is expected to recover and grow at a compound annual growth rate (CAGR) of 9.67% between 2021 and 2028, with the market size increasing from USD 14.45 billion in 2021 to USD 27.58 billion in 2028. However, the growth rate in 2020 was -7.8%, which is lower than the average year-on-year growth rate observed during 2017-2019. The projected increase in CAGR is mainly due to the anticipated recovery in demand and growth in the market after the pandemic ends.
This report is being written to illustrate the market opportunity by region and by segments, indicating opportunity areas for the vendors to tap upon. To estimate the opportunity, it was very important to understand the current market scenario and the way it will grow in future.
Production and consumption patterns are being carefully compared to forecast the market. Other factors considered to forecast the market are the growth of the adjacent market, revenue growth of the key market vendors, scenario-based analysis, and market segment growth.
The market size was determined by estimating the market through a top-down and bottom-up approach, which was further validated with industry interviews. Considering the nature of the market we derived the Aerospace & Defense by segment aggregation, the contribution of the Aerospace & Defense in Capital Goods and vendor share.
To determine the growth of the market factors such as drivers, trends, restraints, and opportunities were identified, and the impact of these factors was analyzed to determine the market growth. To understand the market growth in detail, we have analyzed the year-on-year growth of the market. Also, historic growth rates were compared to determine growth patterns.
Our industry expert will work with you to provide you with customized data in a short amount of time.
REQUEST FREE CUSTOMIZATIONThe market for Satellite Payload was estimated to be valued at US$ XX Mn in 2021.
The Satellite Payload Market is estimated to grow at a CAGR of XX% by 2028.
The Satellite Payload Market is segmented on the basis of Payload Type, Vehicle Type, Orbit, Application, End-Use, regions.
Based on region, the Satellite Payload Market is segmented into North America, Europe, Asia Pacific, Middle East & Africa and Latin America.
The key players operating in the Satellite Payload Market are Lockheed Martin Corporation (U.S.), Honeywell International Inc. (U.S.), The Boeing Company (U.S.), Thales S.A. (France), Raytheon Technologies (U.S.), Airbus Defence and Space (Germany), L3 Harris Corporation (U.S.), Mitsubishi Electric Corporation (Japan), ISRO (India), General Dynamics Mission Systems, Inc. (U.S.), Space Exploration Technologies Corporation (U.S.), MDA Corporation (U.K.), Northrop Grumman Corporation (U.S.).
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Report ID: UCMIG20A2050