UK Satellite Bus Market Size & Outlook, 2025-2030
Related Markets
UK satellite bus market highlights
- The UK satellite bus market generated a revenue of USD 392.5 million in 2024 and is expected to reach USD 631.0 million by 2030.
- The UK market is expected to grow at a CAGR of 8.3% from 2025 to 2030.
- In terms of segment, medium was the largest revenue generating size in 2024.
- Small is the most lucrative size segment registering the fastest growth during the forecast period.
Satellite bus market data book summary
| Market revenue in 2024 | USD 392.5 million |
| Market revenue in 2030 | USD 631.0 million |
| Growth rate | 8.3% (CAGR from 2025 to 2030) |
| Largest segment | Medium |
| Fastest growing segment | Small |
| Historical data | 2018 - 2023 |
| Base year | 2024 |
| Forecast period | 2025 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Large, Medium, Small, Nano |
| Key market players worldwide | Airbus SE, Honeywell International Inc, Lockheed Martin Corp, Northrop Grumman Corp, Thales Group, Ball Corporation, ISRO, Sierra Space, The Boeing Company |
Other key industry trends
- In terms of revenue, UK accounted for 2.7% of the global satellite bus market in 2024.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Europe, France satellite bus market is projected to lead the regional market in terms of revenue in 2030.
- Germany is the fastest growing regional market in Europe and is projected to reach USD 881.8 million by 2030.
Medium was the largest segment with a revenue share of 73.61% in 2024. Horizon Databook has segmented the UK satellite bus market based on large, medium, small, nano covering the revenue growth of each sub-segment from 2018 to 2030.
The increasing focus on small satellite production, satellite constellations, and space-based communication is driving the market growth in U.K. Government support through the UK Space Agency and the development of new spaceports aim to make the UK a major satellite launch hub.
British companies such as OneWeb and Surrey Satellite Technology Ltd. are key contributors to global satellite communications and earth observation sectors. The UK’s investment in R&D and commercial space initiatives underscores its commitment to becoming a leader in both satellite bus manufacturing and satellite bus adoption in Europe.
Furthermore, the adoption of satellite buses for large constellations, U.K. government's support for satellite bus development through funding and partnerships, growth in domestic satellite bus manufacturing, the establishment of U.K.-based launch sites, and the adoption of robust satellite buses for secure communications, surveillance, and reconnaissance are improving the adoption of satellites buses across the country.
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Satellite Bus Market Scope
Satellite Bus Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Sierra Space | View profile | 1001-5000 | Louisville, Colorado, United States, North America | https://sierraspace.com |
| Ball Corporation | View profile | 10001+ | Broomfield, Colorado, United States, North America | http://ball.com |
| The Boeing Company | View profile | 10001+ | Arlington, Virginia, United States, North America | http://www.boeing.com |
| ISRO | View profile | 1001-5000 | Bangalore, Karnataka, India, Asia | https://www.isro.gov.in |
| Thales Group | View profile | 10001+ | Paris, Ile-de-France, France, Europe | http://www.thalesgroup.com |
| Northrop Grumman Corp | View profile | 101000 | 2980 Fairview Park Drive, Falls Church, VA, United States, 22042 | https://www.northropgrumman.com |
| Lockheed Martin Corp | View profile | 122000 | 6801 Rockledge Drive, Bethesda, MD, United States, 20817 | https://www.lockheedmartin.com |
| Airbus SE | View profile | 150093 | P.O. Box 32008, Leiden, ZH, Netherlands, 2303 DA | https://www.airbus.com |
| Honeywell International Inc | View profile | 95000 | 855 South Mint Street, Charlotte, NC, United States, 28202 | https://www.honeywell.com |
UK satellite bus market size, by size, 2018-2030 (US$M)
UK Satellite Bus Market Outlook Share, 2024 & 2030 (US$M)
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