According to a recent report published by Allied Market Research, titled, “Satellite Payload Market by Payload Type, Orbit Type, Vehicle Type, Payload Weight, Frequency Band, and Application: Global Opportunity Analysis and Industry Forecast, 2021–2030,” the global satellite payload market was valued at $8.21 billion in 2020, and is projected to reach $17.60 billion by 2030, registering a CAGR of 8.3% from 2021 to 2030.
𝗥𝗲𝗾𝘂𝗲𝘀𝘁 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐃𝐅 𝐚𝐭: https://www.alliedmarketresearch.com/request-sample/3098
Modern communication payload is being designed to offer high data throughput systems, ultra-low jitter clocking solutions, and highly integrated point-of-load (POL) solutions to reduce overall board size. The adoption of photonics, laser-based and optical technologies has increased in the recent years for data transmission. Laser based technologies offer advantages such as greater security, reduced interference to space signals, higher speed, and superior accuracy over traditional radiofrequency (RF) technique.
Based on orbit type, the global satellite payload market is segregated into LEO, MEO, and GEO. In 2020, the LEO orbit segment dominated the market, owing to opportunities such as technological advancements, and growth in public sector funding. Evolution of Internet of Things (IOT), growth in commercial applications, and greater demand from the defense sector is expected to accelerate this growth.
𝗜𝗻𝘁𝗲𝗿𝗲𝘀𝘁𝗲𝗱 𝘁𝗼 𝗣𝗿𝗼𝗰𝘂𝗿𝗲 𝘁𝗵𝗲 𝗥𝗲𝘀𝗲𝗮𝗿𝗰𝗵 𝗥𝗲𝗽𝗼𝗿𝘁? 𝗜𝗻𝗾𝘂𝗶𝗿𝗲 𝗕𝗲𝗳𝗼𝗿𝗲 𝗕𝘂𝘆𝗶𝗻𝗴 – https://www.alliedmarketresearch.com/purchase-enquiry/3098
Increased adoption of wireless technologies, advanced motion & temperature sensors, high precision cameras, and others is expected to supplement the market growth. In addition, advancements in data transmission capability, improvement in geospatial processing, and scalability of cloud-based platforms to provide satellite imagery are expected to provide lucrative opportunities in the near future.
KEY PLAYERS:
- Airbus SE
- The Boeing Company
- Honeywell International Inc.
- Intelsat S.A.
- Lockheed Martin Corporation
- Mitsubishi Electric Corporation
- Northrop Grumman Corporation
- Raytheon Technologies Corporation
- Thales Group
- Viasat, Inc.
Key Findings Of The Study
- By payload type, the communication segment is anticipated to exhibit significant growth in the near future.
- By orbit type, the LEO segment is expected to register a significant growth during the forecast period.
- By vehicle type, the small vehicle segment is anticipated to exhibit significant growth in the near future.
- By payload weight, the high weight segment is anticipated to exhibit significant growth in the near future.
- By frequency band, the VHF and UHF segment is anticipated to exhibit significant growth in the near future.
- By application, the remote sensing segment is anticipated to exhibit significant growth in the near future.
- By region, Asia-Pacific is anticipated to register the highest CAGR during the forecast period.
𝗣𝗿𝗼𝗰𝘂𝗿𝗲 𝗥𝗲𝘀𝗲𝗮𝗿𝗰𝗵 𝗥𝗲𝗽𝗼𝗿𝘁 𝗮𝘁: https://www.alliedmarketresearch.com/satellite-payloads-market/purchase-options