Product ID: SQMIG20A2196
Report ID:
SQMIG20A2196 |
Region:
Global |
Published Date: February, 2024
Pages:
157
|
Tables:
64 |
Figures:
68
Satellite Payloads Market size was valued at USD 12.2 billion in 2021 and is poised to grow from USD 13.06 billion in 2022 to USD 25.46 billion by 2030, growing at a CAGR of 8.70% in the forecast period (2023-2030).
The Satellite Payloads market is experiencing remarkable growth, driven by the communication and navigation industry and innovations in various applications. These include Radio Frequency (RF) payload systems, flexible payloads, and advanced regenerative payloads. Notably, the trend of miniaturization has led to the development of small radar cameras and sensors attached to large satellites, enabling high-quality imaging of the earth's surface. These small satellites with versatile payloads provide valuable information on land cover characteristics, urban areas, and multi-purpose images. Digital payloads are gaining popularity for their ability to switch bandwidth between different transponders, transforming the satellite industry's cost structure and enabling diverse applications and services. The emergence of Digital Transparent Processors (DTP) is expected to revolutionize the market by seamlessly and efficiently connecting multiple beams from satellites to multiple gateways, offering enhanced flexibility and overcoming connectivity and channelization concerns.
US Satellite Payloads Market is poised to grow at a sustainable CAGR for the next forecast year.
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Product ID: SQMIG20A2196