Latin America Satellite Bus Market Size & Outlook
The satellite bus market in Latin America is expected to reach a projected revenue of US$ 293.9 million by 2030. A compound annual growth rate of 7.1% is expected of Latin America satellite bus market from 2024 to 2030.
Revenue, 2023 (US$M)
$181.4
Forecast, 2030 (US$M)
$293.9
CAGR, 2024 - 2030
7.1%
Report Coverage
Latin America
Latin America satellite bus market, 2018-2030 (US$M)
Latin America satellite bus market highlights
- The Latin America satellite bus market generated a revenue of USD 181.4 million in 2023.
- The market is expected to grow at a CAGR of 7.1% from 2024 to 2030.
- In terms of segment, large was the largest revenue generating size in 2023.
- Large is the most lucrative size segment registering the fastest growth during the forecast period.
Latin America data book summary
| Market revenue in 2023 | USD 181.4 million |
| Market revenue in 2030 | USD 293.9 million |
| Growth rate | 7.1% (CAGR from 2023 to 2030) |
| Largest segment | Large |
| Fastest growing segment | Large |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Large |
Other key industry trends
- In terms of revenue, Latin America region accounted for 1.3% of the global satellite bus market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 7,108.9 million by 2030.
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Satellite Bus Market Scope
Satellite bus market segmentation & scope
Subsystem
Electrical Power System
Attitude Control System
Structure and Mechanical System
Communication and Data Handling Subsystem
Propulsion System
Thermal Control
Application
Communication
Earth Observation and Meteorology
Navigation
Research and Exploration
Security & Surveillance
Others
Countries
U.S.
Canada
Mexico
Denmark
France
Germany
Italy
Norway
Spain
Sweden
UK
Australia
China
India
Japan
South Korea
Thailand
Brazil
Argentina
UAE
South Africa
Saudi Arabia
Kuwait
Satellite Bus Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Latin America satellite bus market
Related regional statistics
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