The objective of Satellite Payloads Market study is to analyze the satellite payloads market, along with statistics from 2016 to 2022 as well as to define, describe, and forecast the satellite payloads market and map the segments and subsegments across major regions, namely, North America, Europe, Asia-Pacific, and RoW. On the basis of orbit type, the satellite payloads market has been segmented into LEO, GEO, and MEO.
Complete Report on Satellite Payloads Market spread across 176 Pages, Profiling 10 Companies and Supported with 93 Tables and 65 Figures is now available at http://www.rnrmarketresearch.com/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-r-ts-to-2022-market-report.html .
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 factors expected to fuel the growth of the satellite payloads market. However, high R&D cost and the scarce intellectual asset may act as restraints for the growth of the satellite payloads market.
- Component Providers
- Original Equipment Manufacturers
- Sub-system Manufacturers
- Ministry of Defense
- Technology Support Providers
- Scientific Research Centers
Satellite payloads market during the forecast period(2017 to 2022). Satellite payloads designed for LEO are mainly used for earth observation, remote sensing, and mobile & telecommunication services due to lower latency. The GEO (geosynchronous orbit) segment is projected to witness the highest growth during the forecast period. These satellites are majorly used for telephone networks, TV & radio broadcast, and weather forecast.
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The commercial segment of the drone identification market is projected to grow at the highest CAGR during the forecast period. Countries where drones are sold most face the issue of privacy and safety while balancing the potential benefits resulting from commercial or private use of drones. To address these concerns, drone identification systems can be used to resolve such issues, thereby providing a scope for growth to the drone identification market in commercial application.
Break-up of profiles of primary participants in this report:
- By Company Type: Tier 1 – 35%, Tier 2 – 45%, and Tier 3 – 20%
- By Designation: C Level – 35%, Director Level – 25%, Others – 40%
- By Region: North America – 45%, Europe – 20%, Asia-Pacific – 30%, RoW – 5%
The communication payload segment is estimated to lead the satellite payloads market during the forecast period. This payload type, used for transmitting highly critical data, is used in the telecommunication and broadcasting industries on a larger scale. The imaging payload segment is projected to witness the highest growth during the forecast period. This payload includes cameras and radars, which aid in capturing images and data for remote sensing during earth observation, surveillance, and mapping.
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The study segments the satellite payloads market on the basis of orbit type, payload type, payload weight, vehicle type, frequency band, application, platform, and maps these segments and subsegments across major regions, namely, North America, Europe, Asia-Pacific, and RoW. On the basis of orbit type, the satellite payloads market has been segmented into LEO, GEO, and MEO. On the basis of payload type, the market has been segmented into communication, imaging, navigation, and others.