Latin America Satellite Bus Market Size & Outlook
Related Markets
Latin America satellite bus market highlights
- The Latin America satellite bus market generated a revenue of USD 163.3 million in 2024.
- The market is expected to grow at a CAGR of 8.1% 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.
- Country-wise, Brazil is expected to register the highest CAGR from 2025 to 2030.
Latin America data book summary
| Market revenue in 2024 | USD 163.3 million |
| Market revenue in 2030 | USD 259.0 million |
| Growth rate | 8.1% (CAGR from 2025 to 2030) |
| Largest segment | Medium |
| Fastest growing segment | Small |
| Historical data covered | 2018 - 2023 |
| Base year for estimation | 2024 |
| Forecast period covered | 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, Latin America region accounted for 1.1% of the global satellite bus market in 2024.
- 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.
Medium was the largest segment with a revenue share of 73.12% in 2024. Horizon Databook has segmented the Latin America satellite bus market based on large, medium, small, nano covering the revenue growth of each sub-segment from 2018 to 2030.
The key trends for driving satellite bus adoption in Latin America include increasing investments in space technology for various applications, including communication, remote sensing, and defense. Commercial sectors, such as agriculture, urban planning, and environmental monitoring, are major drivers of the satellite bus market in Latin America, along with growing investments from both government and military sectors for national security and defense purposes.
Governments in the region are collaborating with international space agencies and private companies to improve local manufacturing capabilities and reduce dependency on foreign technology. As satellite technology becomes more affordable and accessible, Latin America is working to strengthen its own satellite bus manufacturing and R&D capabilities to support economic and social development.
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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 |
Latin America satellite bus market size, by country, 2018-2030 (US$M)
Latin America Satellite Bus Market Outlook Share, 2024 & 2030 (US$M)
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