Canada Satellite Bus Market Size & Outlook, 2025-2030
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Canada satellite bus market highlights
- The Canada satellite bus market generated a revenue of USD 371.6 million in 2024 and is expected to reach USD 548.8 million by 2030.
- The Canada market is expected to grow at a CAGR of 6.8% 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 371.6 million |
| Market revenue in 2030 | USD 548.8 million |
| Growth rate | 6.8% (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, Canada accounted for 2.6% 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 North America, U.S. satellite bus market is projected to lead the regional market in terms of revenue in 2030.
- Canada is the fastest growing regional market in North America and is projected to reach USD 548.8 million by 2030.
Medium was the largest segment with a revenue share of 73.17% in 2024. Horizon Databook has segmented the Canada satellite bus market based on large, medium, small, nano covering the revenue growth of each sub-segment from 2018 to 2030.
Canada’s satellite bus market is driven by a need for improved connectivity in remote and underserved areas, as well as its focus on earth observation and environmental monitoring. The Canadian government supports initiatives such as the Canadian Space Agency’s (CSA) RADARSAT program, which provides critical satellite data for climate change, agriculture, and resource management.
As Canada strengthens its space capabilities, partnerships with international space agencies and private sector investments are also boosting satellite R&D. With growing interest in Arctic surveillance and rural broadband solutions, Canada’s satellite bus market is poised for further growth to meet both domestic and regional needs.
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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 |
Canada satellite bus market size, by size, 2018-2030 (US$M)
Canada Satellite Bus Market Outlook Share, 2024 & 2030 (US$M)
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