Military Satellites Global Market Report 2023 – By Satellite Type (Small Satellite, Medium To Heavy Satellite), By Payload Type (Communication Payload, Navigation Payload, Imaging Payload, Others), By Application (Intelligence, Surveillance, And Reconnaissance, Communication, Navigation) – Market Size, Trends, And Global Forecast 2023-2032

Alternative Data Market Definition

The alternative data market comprises sales of alternative data by entities (organizations, sole traders and partnerships) that provide non-traditional data to investors for the analysis of the performance and market positioning of a company. Alternative data refer to the data used to obtain insight into the profitability of an organization in order to give insight for potential investment opportunities. Alternative data can be characterized as big data, as they are often large and complex data sets. Alternative data can be gathered from various sources including social media, product reviews, sensor data, mobile device data, geo-location data, weather data, credit or debit card transaction data and app usage data.

Low Earth Orbit (LEO) Satellites Market Definition

The low earth orbit (LEO) satellites market consists of sales of low earth orbit satellites by entities (organizations, sole traders, and partnerships) that manufacture low earth orbit satellites. A low earth orbit satellite is an object that orbits the earth at lower altitudes than geosynchronous satellites, also known as small satellites. These satellites orbits around the earth with an altitude above Earth's surface between 250 kilometers and 2,000 kilometers. They are used to transfer data, images, and photographs to selected ground stations, positioned in strategic locations.

The satellite manufacturing and launch system refer to systems that are used for remote transmission, detection, inspection, communication, traffic control, and telemetry. A satellite is an artificially designed machine, placed in an earth’s orbit to perform various applications such as navigation, weather monitoring, and space telescopes. A launch vehicle is used to place a satellite into earth’s orbit. The main technology types in the satellite manufacturing and launch systems market are satellite manufacturing and satellite launch system. The prime contractor and manufacturer of the satellite that is a party to the satellite purchase agreement are referred to as the satellite manufacturer. Satellite manufacturing and launch systems are lower earth orbit (LEO) satellites, medium earth orbit (MEO) satellites, geosynchronous equatorial orbit (GEO) satellites, and beyond GEO satellites types that have applications in commercial communications, government communications, earth observation services, research and development, navigation, military surveillance, scientific applications, other applications and can be used by military and government, commercial and other end-users. The global satellite manufacturing and launch systems market is segmented - 1) By Technology Type: Satellite Manufacturing, Satellite Launch System 2) By Satellite Type: Lower Earth Orbit (LEO) Satellites, Medium Earth Orbit (MEO) Satellites, Geosynchronous Equatorial Orbit (GEO) Satellites, Beyond GEO Satellites 3) By Application: Commercial Communications, Government Communications, Earth Observation Services, Research and Development, Navigation, Military Surveillance, Scientific Applications, Other Applications 4) By End-User: Military and Government, Commercial, Other End-Users The global satellite manufacturing and launch systems market size will grow from $22.69 billion in 2022 to $25.09 billion in 2023 at a compound annual growth rate (CAGR) of 10.6%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of global satellite manufacturing and launch systems is expected to grow to $35.12 billion in 2027 at a CAGR of 8.8%. The increased demand for satellites from the civil/government, commercial, and military sectors is significantly contributing to the growth of the satellite manufacturing and launch market. Satellite technologies are rapidly used by military forces around the world to enhance their defense resources. Various tests and experiments are being carried out by government organizations and defense forces across the world to launch space-attacking facilities. Ground-to-space war, like attacking satellites from the earth, space-to-space war, such as satellites attacking satellites, and space-to-earth war, such as satellites targeting earth-based objects, are all several types of space warfare. For instance, in May 2021, United Launch Alliance (ULA), launched the fifth Space-Based Infrared System satellite for the U.S. space force. With the help of its onboard infrared sensors, the $1 billion satellite, built by a US-based aerospace company, Lockheed Martin, is created to recognize and track plumes produced by missile launches throughout the world. Its abilities will allow the US to prepare for any imminent attacks. Therefore, increased demand for satellites from the civil/government, commercial, and military sectors is expected to drive the growth of the satellite manufacturing and launch market. Major players in the satellite manufacturing and launch systems market are Northrop Grumman Corporation, ArianeGroup, Space Exploration Technologies Corp., Blue Origin, Lockheed Martin Corporation, The Boeing Company, Sierra Nevada Corporation, Thales Group, Maxar Technologies Inc., Dynetics Inc., Nano Avionics, Israel Aerospace Industries Ltd., and OHB SE. The utilization of 3D technology in manufacturing is a key trend gaining popularity in the satellite manufacturing and the launch systems market. 3D printing makes available a final product to be generated directly through computer-aided drafting (CAD) designing. The 3D printing technology, frequently described as additive manufacturing, is used by the satellite industry to optimize cost, accelerate production, and increase performance. This technology is used to design and manufacture various components of satellites such as radiofrequency components, antennas, and others. For instance, in February 2021, Netherlands-based aerospace company, Airbus designed a radiofrequency component for its telecommunication satellite by using its additive layer manufacturing (ALM) technology also called 3D printing. Furthermore, In January 2022, Fleet space an Australian company developed the first fully 3D printed satellite Alpha, which launched in the next 12 months. Alpha had a major step forward and for the first time, a satellite has been created entirely through 3D printing. By bringing together the deployment, creation, and service of space technology this has become a global leader in space technology and supports Australia’s ambition to lead this critical field. In September 2021, BAE Systems, a UK-based multinational arms, security, and the aerospace company announced the acquisition of In-Space Missions with a deal value of $18 million. This acquisition is subject to combining a range of space capabilities that help deliver information advantage, multi-domain operations, and networking for its customers. In-Space Missions is a UK-based company, that specialized in designing, building, and operating satellites and satellite systems. North America was the largest region in the satellite manufacturing and launch systems market in 2022. The Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the satellite manufacturing and launch systems market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the satellite manufacturing and launch systems market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The satellite manufacturing and launch system market consists of sales of satellite and launch systems such as highly elliptical orbit, near-polar sun-synchronous orbit, polar orbit, and geostationary transfer orbit.  Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The satellite manufacturing and launch systems market research report is one of a series of new reports from The Business Research Company that provides satellite manufacturing and launch systems market statistics, including satellite manufacturing and launch systems industry global market size, regional shares, competitors with a satellite manufacturing and launch systems market share, detailed satellite manufacturing and launch systems market segments, market trends and opportunities, and any further data you may need to thrive in the satellite manufacturing and launch systems industry. This satellite manufacturing and launch systems market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

In-flight entertainment and connectivity refer to the entertainment and connectivity options available to aircraft passengers during a flight. In-flight entertainment and connectivity consists of various connected multimedia content and platforms that allow passengers to watch movies, games, music, information on the travel route, on-board menus and procedural guidelines, and other informative inputs in order to upgrade the experience of passengers during a flight. The main types of in-flight entertainment and connectivity are hardware and services. The in-flight entertainment and connectivity hardware consists of different products that are necessary for in-flight connectivity, such as antennas, wireless LAN controllers, wireless access points, wireless hotspot gateways, and other entertainment and connectivity hardware. The different connectivity technologies for in-flight entertainment and connectivity include satellite technology and air-to-ground, which are used by end-users such as OEMs and aftermarket. The global in-flight entertainment and connectivity market is segmented - 1) By Type: Hardware, Service 2) By Connectivity Technology: Satellite Technology, Air-To-Ground 3) By End-User: OEM, Aftermarket The global in-flight entertainment and connectivity market size will grow from $4.04 billion in 2022 to $4.37 billion in 2023 at a compound annual growth rate (CAGR) of 8.1%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of the in-flight entertainment and connectivity is expected to grow to $5.91 billion in 2027 at a CAGR of 7.8%. The growth in the number of airline passengers has been a major driving force for the in-flight entertainment and connectivity market. The increase in the number of passengers has led to an increase in demand for various inflight entertainment services, such as video streaming, text messaging, gaming, and internet browsing. For instance, according to the International Civil Aviation Organization (ICAO), the global number of airline passengers is expected to reach 10.5 billion by the year 2040. Also, according to the Boeing 2020–2039 commercial market outlook, India's domestic air passenger market is expected to double its size by 2030, from the pre-pandemic levels. Therefore, the growth in the number of airline passengers is driving the in-flight entertainment and connectivity market growth. Major players in the market are Global Eagle Entertainment Inc., (Gee), Gogo Inc., Honeywell International Inc., Panasonic Corporation, Thales Group, Viasat, Inc., Kontron S&T AG, Burrana Inc., Safran SA, Inmarsat Global Limited, Stellar Entertainment Group, Thinkom Solutions, Inc., Sita (Onair), Astronics Corporation, Cobham Limited (Advent International), The Boeing Company, FDS Avionics Corp, and Thinkom Solutions Inc. Technological advancements are a key trend gaining popularity in the in-flight entertainment and connectivity market. Companies in the market are focusing on developing advanced entertainment modules that are efficient and lighter. For instance, in June 2021, Thales, a France-based aerospace company, launched AVANT UP, which is an in-flight entertainment system offering a higher picture resolution with a 50% increase in reliability and a 30% decrease in weight. The new system has a dynamic power supply, can offer higher personalization, and can assist in airline revenue generation capabilities. In December 2021, Intelsat, a European-based satellite services company, acquired the commercial aviation business of Gogo for a deal amount of $400 million. Through this acquisition, Intelsat is expected to pair its global satellite and ground network with Gogo’s installed base of 3,000 commercial aircraft. Combining Intelsat's next-generation global telecommunications network with Gogo Commercial Aviation's leading capabilities and airline relationships will result in greater innovation in inflight digital connectivity. Gogo Inc., is a US-based inflight internet communication and entertainment provider. North America was the largest region in the in-flight connectivity and entertainment market in 2022. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the in-flight entertainment and connectivity report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the In-flight entertainment and connectivity market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The in-flight entertainment and connectivity market includes revenues earned by entities by offering movies, music, TV shows, audio books, games. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The in-flight entertainment and connectivity market research report is one of a series of new reports from The Business Research Company that provides in-flight entertainment and connectivity market statistics, including in-flight entertainment and connectivity industry global market size, regional shares, competitors with in-flight entertainment and connectivity market share, detailed in-flight entertainment and connectivity market segments, market trends and opportunities, and any further data you may need to thrive in the in-flight entertainment and connectivity industry. This in-flight entertainment and connectivity market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

Satellite internet refers to the wireless connection that is spread across the multiple satellite dishes that are located both on earth and in space. The satellite internet operates by communicating with satellites orbiting the Earth via radio waves. Two-way satellite-only communication, one-way receiving, and one-way broadcast are the three main types of satellite internet products. Two-way satellite-only communication can send data from a remote contact site via a satellite, then to a hub. The different band types include C-band, X-band, L-band, K-band, and others and involve various sectors such as commercial, residential, military, industrial, and others. The global satellite internet market is segmented - 1) By Product: Two-Way Satellite-Only Communication, One-Way Receive, One-Way Broadcast 2) By Band Type: C-Band, X-Band, L-Band, K-Band , Other Band Types 3) By End User: Commercial, Residential, Military, Industrial, Other End Users The global satellite internet market size will grow from $4.85 billion in 2022 to $5.61 billion in 2023 at a compound annual growth rate (CAGR) of 15.6%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of the satellite internet is expected to grow to $9.39 billion in 2027 at a CAGR of 13.7%. The rise in the need for satellite internet in rural areas is contributing to the growth of the satellite internet market. People residing in rural areas have struggled to gain access to reliable internet services. The internet service in rural areas is often slow and unreliable. Satellite internet service is less expensive than constructing millions of kilometers of fiber optic cable, and it's perfect for rural and hard-to-reach places. For instance, in March 2020, according to the Microsoft Corporation, a US-based multinational technology corporation, around 157.3 million Americans do not utilize the internet at broadband speeds, whereas, more than 42 million Americans lack broadband access, especially in rural regions. Therefore, the unmet demand for fast and reliable internet in rural areas is increasing and is driving the satellite internet market growth. Major players in the satellite internet market are ViaSat, EchoStar Corporation, Freedomsat, Singtel, Inmarsat, Skycasters, Iridium Communications, Thaicom Public, Starlink, AT&T, SES S.A., and Telesat. Product innovations have emerged as a key trend gaining popularity in the satellite internet market. Major companies operating in the satellite internet sector are focused on developing new product innovations to strengthen their position. For instance, in August 2020, in Kenichi Okada's lab at Tokyo Tech, a new transceiver was developed that is capable of both transmitting and receiving signals. This device is designed specifically for space internet technology, at only 3 mm (0.118 inches). The transceiver can communicate with satellites over 22,000 miles above the earth’s atmosphere and has numerous improvements on both the transmitting and receiving sides of the business. In August 2021, SpaceX, a US-based aerospace company, acquired Swarm Technologies for an undisclosed amount. Through this acquisition, Swarm’s services will gain from better capitalization and access to more resources that are available to SpaceX, along with the synergies associated with acquisition by a provider of satellite design, launch services, and manufacture. Swarm Technologies is a US-based company that provides satellite internet connectivity. North America was the largest region in the satellite internet market in 2022. The regions covered in the satellite internet market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the satellite internet market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA. The satellite internet market includes revenues earned by entities by providing internet services that can be used to offer internet access services for remote areas or hard-to-reach areas since these areas lack physical infrastructures such as wireless radio connections, telephones, or fiber cables. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The satellite internet market research report is one of a series of new reports from The Business Research Company that provides satellite internet market statistics, including satellite internet industry global market size, regional shares, competitors with a satellite internet market share, detailed satellite internet market segments, market trends and opportunities, and any further data you may need to thrive in the satellite internet industry. This satellite internet market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

A vehicle tracking system is a system that enables the tracking and control of automobiles via an online computer, smartphone, tablet, or other device using GPS satellites. The main types of vehicle tracking systems are active and passive. Active vehicle tracking systems similarly collect information as passive tracking systems do, but active tracking systems send the information in real-time to a computer or data centre for processing via cellular or satellite networks. The different types of vehicles include commercial vehicles and passenger vehicles and are used in various applications such as mobile tracking, cellular tracking, and satellite tracking. It is implemented in several sectors, including transportation and logistics, construction and manufacturing, aviation, retail, government, and others. The global vehicle tracking systems market is segmented - 1) By Type: Active, Passive 2) By Vehicle: Commercial Vehicles, Passenger Vehicles 3) By Application: Mobile Tracking, Cellular Tracking, Satellite Tracking 4) By Industry Vertical: Transportation And Logistics, Construction And Manufacturing, Aviation, Retail, Government, Other Industry Verticals The global vehicle tracking systems market size will grow from $17.27 billion in 2022 to $20.78 billion in 2023 at a compound annual growth rate (CAGR) of 20.3%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of the vehicle tracking systems is expected to grow to $38.75 billion in 2027 at a CAGR of 16.9%. The growing demand for car rental and leasing services is expected to drive the growth of the vehicle tracking systems market going forward. Consumers are preferring automobile rentals over public transportation as the desire for individual mobility and social distancing norms has increased due to the global pandemic. Car owners are increasingly spending on the vehicle tracking system for the updated status of the vehicle. For instance, according to AutoRentals.com, a US-based car rental website, the U.S. car rental market reached $23.22 billion in 2020. Thus, the increase in car rental and leasing services will propel the vehicle tracking system market growth. Major players in the vehicle tracking systems market are Verizon Connect, Spireon, Geotab, TomTom, Teletrac Navman, Cartrack, CalAmp, Teltonika, Orbcomm, Xirgo Global, Laipac, Trackimo, AirIQ, Fleetmatics, Mix Telematics, Trimble, Actsoft, Ctrack, and Masternaut. The introduction of 5G technology in vehicle tracking systems is shaping the vehicle tracking systems market. 5G technology offers great opportunities for in-vehicle connectivity and monitoring processes by providing faster data transfer and enhancing vehicle communication. Companies in the market are investing in developing GPS tracking solutions coupled with 5G technology. For example, in April 2021, Forward-Thinking Systems, a US-based software company, in collaboration with Cradlepoint, a US-based telecommunications equipment company, launched its first-ever 5G vehicle telematics solution, the R1900 router, for fleets of all sizes and industries. The R1900 supports multiple 5G connections and is designed to survive harsh environments, ensuring that fleet cars and devices remain connected wherever they go. In May 2020, Accel-KKR, a US-based technology equity firm, acquired GPS Insights LLC for an undisclosed amount. Through this acquisition, Accel-KKR intends to create a market-leading platform that combines the best in fleet management and field services management. GPS Insights is a US-based company that provides GPS fleet tracking software for fleet-based firms. North America was the largest region in the vehicle tracking system market in 2022. The regions covered in vehicle tracking system market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the vehicle tracking systems market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA. The vehicle tracking systems market includes revenues earned by entities by offering such as fleet management, vehicle maintenance, managing driving behavior, and fuel consumption. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The vehicle tracking system market research report is one of a series of new reports from The Business Research Company that provides vehicle tracking system market statistics, including global market size, regional shares, competitors with a vehicle tracking system market share, detailed vehicle tracking system market segments, market trends and opportunities, and any further data you may need to thrive in the vehicle tracking system industry. This vehicle tracking system market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The satellite payload refer to modules that are carried by satellites having the ability to execute specific functions. The payload, which includes communications antennas, receivers, and transmitters, assists the satellite in fulfilling its functions and helps in telecommunications, remote sensing, scientific research, surveillance, and navigation. The satellite payload types include communication, imagery, navigation, and others. Communication satellites use a transponder to relay and amplify radio telecommunication signals, establishing a communication channel between a source transmitter and a receiver to provide communication links between various points on Earth. The different satellite payload orbit types include LEO (low earth orbit), GEO (geosynchronous earth orbit), and MEO (medium earth orbit). The satellite payload vehicle systems include small, medium, and heavy, which are used by end-users such as commercial, government, and defence and dual users. The global satellite payload market is segmented - 1) Payload Type: Communication, Imagery, Navigation, Other Payload Types 2) Orbit Type: LEO (Low Earth Orbit), GEO (Geosynchronous Earth Orbit), MEO (Medium Earth Orbit) 3) By Vehicle Type: Small, Medium, Heavy 4) By End User: Commercial, Government And Defense, Dual Users The global satellite payload market size will grow from $15.05 billion in 2022 to $16.58 billion in 2023 at a compound annual growth rate (CAGR) of 10.2%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services, and affecting many markets across the globe. The market size of global satellite payload is expected to grow to $24.18 billion in 2027 at a CAGR of 9.9%. The increasing number of satellite launches is expected to propel the growth of the satellite payload market. Payload provides the communications antennas, receivers, and transmitters used for different applications. The satellites are now smaller in size to accommodate more satellites on one rocket. According to NASA, around 1,282 satellites were launched in 2020, of which 94% were small spacecraft with an overall mass of under 600 kg. In 2021, a US-based aerospace manufacturer SpaceX created a record by accommodating 143 payloads on a single rocket. The number of satellite launches rose from 1,282 in 2020 to around 1,400 by September 2021. Therefore, the increasing number of satellite launches is driving the growth of the satellite payload market. Major players in the satellite payload market are Northrop Grumman, Raytheon Technologies Corporation, Lockheed Martin Corporation, Thales Alenia Space, Airbus Defence and Space, The Boeing Company, Honeywell International Inc., L3Harris Technologies Inc., Viasat, Inc., Lucix Corporation, Sierra Nevada Corporation, Intelsat General Corporation, Gomspace, MDA Corporation, and General Dynamics Mission Systems. The development of artificial intelligence (AI) and cloud-enabled software-defined radio payloads is one of the rising trends in the satellite payload market. For enhanced flexibility in space missions, these AI-based payloads can be reprogrammed and reconfigured as per the specific mission requirements and can facilitate advanced satellite communications. Due to the rise of the new generation of fully flexible satellites, companies are integrating AI tools into satellite payloads. For instance, in June 2021, the European Union financed ATRIA (AI-Powered Ground Segment Control for Flexible Payloads), a project that will produce a general and intelligent tool called AI-PCS to control current satellite flexible payloads and their configurable traditional counterparts. On-demand service demands: artificial intelligence approaches allow the tool to decide the best arrangement of available satellite resources for on-demand service demands. The Spanish professional engineering services company, GMV Aerospace and Defense, is the project's coordinator, and it involves seven partners from four nations. In September 2021, BAE Systems, a British manufacturer of aerospace and security products, acquired In-Space Missions for a deal amount of around $18 million. This acquisition allows BAE Systems to integrate technologies developed by In-Space Missions and expand the company’s range of capabilities and offerings. In-Space Missions is a UK-based company that designs, builds, and operates satellites and satellite systems. North America was the largest region in the satellite payload market in 2022. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the satellite payload market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the satellite payload market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The satellite payload market consists of sales of transponders, repeaters, antennas, spectrometers, and cameras. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The satellite payload market research report is one of a series of new reports from The Business Research Company that provides satellite payload market statistics, including satellite payload industry global market size, regional shares, competitors with a satellite payload market share, detailed satellite payload market segments, market trends and opportunities, and any further data you may need to thrive in the satellite payload industry. This satellite payload market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future state of the industry.

Space propulsion is a technique used to accelerate spacecraft and artificial satellites. Spacecrafts are mainly propelled by the use of a rocket engine. The main types of space propulsion are chemical propulsion and non-chemical propulsion. Chemical propulsion refers to propulsion in which the thrust is provided by the product of a chemical reaction, normally burning (or oxidizing) a fuel. By platform, types of space propulsion include satellites, capsules\cargos, interplanetary spacecraft and probes, rovers/spacecraft landers, and launch vehicles. Major end users of space propulsion are commercial and government and defense entities. The system components used in space propulsion are chemical propulsion thrusters, electric propulsion thrusters, propellant feed systems, rocket motors, nozzles, propulsion thermal control and power processing units. The orbits of space propulsion are low earth orbit (LEO), medium earth orbit (MEO), geostationary earth orbit (GEO), and beyond geosynchronous orbit. The global space propulsion market is segmented – 1) By Type: Chemical Propulsion, Non-chemical Propulsion 2) By Platform: Satellites, Capsules\Cargos, Interplanetary Spacecraft & Probes, Rovers/Spacecraft Landers, Launch Vehicles 3) By End User: Commercial, Government & Defense 4) By System Component: Chemical Propulsion Thrusters, Electric Propulsion Thrusters, Propellant Feed Systems, Rocket Motors, Nozzles, Propulsion Thermal Control, Power Processing Units 5) By Orbit: Low Earth Orbit (LEO), Medium Earth Orbit (MEO), Geostationary Earth Orbit (GEO), Beyond Geosynchronous Orbit The global space propulsion market size grew from $8.25 billion in 2022 to $9.26 billion in 2023 at a compound annual growth rate (CAGR) of 12.2%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of global space propulsion is expected to grow to $15.56 billion in 2027 at a CAGR of 13.8%. Increased government investments in space technology are driving the space propulsion market. For instance, in 2021, Westcott Space Cluster in Aylesbury Vale Enterprise Zone invested in a new National Space Propulsion Test Facility (NSPTF), which collected £4 million ($5.44 million) in sponsoring from the UK government Space Agency. The new facility will permit innovation in propulsion technology, including low cost development and testing of more capable engines for interplanetary travel. So, increasing investments in space technology will drive the space propulsion market going forward. Major players in the space propulsion market are OHB SE, Accion System, Boeing, Northrop Grumman Corporation, MAXAR Technologies, Thales Alenia Space, Airbus Defense and Space, Vacco Industries, MOOG Inc., Cobham Mission Systems Wimborne Limited, Safran S.A., NPO Splav, BAE Systems, Hanwha Group, and Avibras Indústria Aeroespacial. Research and development are a key trend gaining popularity in the space propulsion market. For instance, in 2021, the US federal government remains the major source of funding for space R&D. Investment in new space industries now accounts for approximately $5 billion to $6 billion per annum in Space Research & Development investment up from less than $1 billion only a decade ago. Some of these industries receive funding from investment firms, while others are backed by their wealthy founders. Commercial research and development investing within the space department have grown by 22% per annum and more than twice the 10% improvement for US government spending. In 2021, Astra, a US-based company focused on commercial rockets and satellites, announced the acquisition of electric propulsion maker Apollo Fusion for a final purchase price of $50 million. with $30 million in stock and $20 million in cash. This acquisition could strengthen Astra's ability to efficiently manage and supply spacecraft beyond LEO. Apollo Fusion is a US-based company that produces two EP thruster systems, the Apollo Constellation Engine (ACE) and the ACE Max. North America was the largest region in the space propulsion market in 2022. North America is expected to be the fastest-growing region in the space propulsion market share during the forecast period. The regions covered in the space propulsion market analysis report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the space propulsion market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The space propulsion market consists of sales of electric, and propellant-less space propulsions. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The space propulsion market research report is one of a series of new reports from The Business Research Company that provides space propulsion market statistics, including space propulsion industry global market size, regional shares, competitors with a space propulsion market share, detailed space propulsion market segments, market trends and opportunities, and any further data you may need to thrive in the space propulsion industry. This space propulsion market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.