The global satellite payload market is anticipated to grow at a CAGR of 7.2% during the forecast period (2023-2030). Considering the growing importance of the space industry, investments in this industry are growing significantly which is contributing to the growth of the satellite payload market. For instance, In October 2023, ASPACE, a satellite manufacturer based in Hong Kong announced a close investment of 1 billion Saudi riyals ($266.6 million) from the Saudi Kingdom to help it develop advanced satellite technology domestically. Also, In June 2023, L3Harris Technologies was awarded a $29 million contract to create an overhead persistent infrared (OPIR) sensor payload for the US Space Force's upcoming missile warning satellite network. According to the company, it will undertake the initial one-year design of the OPIR sensor payload for the first phase of Space Systems Command's medium-Earth orbit constellation, designed to assist in missile tracking operations.
Browse the full report description of “Satellite Payload Market Size, Share & Trends Analysis Report by Payload Type (Communication, Imaging, Navigation, Radar), by Orbit Type (Low Earth orbit (LEO), Medium Earth orbit (MEO), Geostationary equatorial orbit (GEO)) and by Application (Telecommunication, Remote Sensing, Scientific Research, Surveillance and Security, Navigation, Meteorology, Communication) Forecast Period (2023-2030)” at https://www.omrglobal.com/industry-reports/satellite-payload-market
Additionally, companies are increasingly focusing on research and development which is driving growth in the satellite payload industry. For instance, In April 2023, Boeing unveiled its design for the Protected Wideband Satellite (PWS), which incorporates Boeing's Protected Tactical SATCOM Prototype (PTS-P) payload hosted on the U.S. Space Force's Wideband Global SATCOM (WGS)-11 spacecraft. The PTS-P design includes automated anti-jam features, such as jammer geolocation, real-time adaptive nulling, frequency hopping, and other techniques, utilizing the capabilities of the US military's Protected Tactical Waveform (PTW) to ensure reliable connectivity for military personnel in challenging environments. By deploying PTS-P on the WGS-11 spacecraft as part of the WGS constellation, PWS seamlessly integrates with all existing WGS user terminals, enabling the gradual introduction of PTW modems in a theater of operations. In November 2023, Northrop Grumman Corporation, an aerospace, and defense technology company, achieved progress in its Arctic Satellite Broadband Mission (ASBM). Recent successful thermal vacuum tests represent significant progress in the development of a two-satellite constellation designed to enhance broadband communications in the Northern polar region for the US Space Force and Space Norway. These satellites have payloads for ViaSat and the Norwegian Ministry of Defense, as well as the integration of Enhanced Polar System Recapitalization payloads for the US Space Force.
Market Coverage
• The market number available for – 2022-2030
• Base year- 2022
• Forecast period- 2023-2030
• Segment Covered-
o By Payload Type
o By Orbit Type
o By Application
• Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World
• Competitive Landscape- The major companies in the global SASE market include L3Harris Technologies, Inc., RTX Corporation, and Lockheed Martin Corporation among others.
Key questions addressed by the report.
Global Satellite Payload Market Report Segment
By Payload Type
By Orbit Type
By Application
Global Satellite Payload Market Report Segment by Region
North America
• United States
• Canada
Europe
• UK
• Germany
• Italy
• Spain
• France
• Rest of Europe
Asia-Pacific
• China
• India
• Japan
• South Korea
• Rest of Asia-Pacific
Rest of the World
• Latin America
• Middle East & Africa
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