Middle East & Africa Satellite Bus Market Size & Outlook
Related Markets
MEA satellite bus market highlights
- The MEA satellite bus market generated a revenue of USD 216.3 million in 2024.
- The market is expected to grow at a CAGR of 9.3% 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.
- Country-wise, South Africa is expected to register the highest CAGR from 2025 to 2030.
MEA data book summary
| Market revenue in 2024 | USD 216.3 million |
| Market revenue in 2030 | USD 365.7 million |
| Growth rate | 9.3% (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, MEA region accounted for 1.5% 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 73.56% in 2024. Horizon Databook has segmented the Middle East & Africa satellite bus market based on large, medium, small, nano covering the revenue growth of each sub-segment from 2018 to 2030.
The satellite bus market in the Middle East and Africa (MEA) is experiencing significant growth, driven by ambitious space programs and increasing investments in satellite technologies for communication, broadcasting, and surveillance purposes.
A growing focus on environmental monitoring is also fueling this region's demand for satellite buses, aided by advancements in satellite bus technologies. The regional growth is driven by the region’s increasing demand for satellite-based telecommunications, earth observation, and navigation services. Governments are actively investing in space programs and collaborations to strengthen their space capabilities.
Technological advancements, particularly in miniaturized satellites, are also boosting the satellite bus manufacturing capabilities, which aim to reduce dependency on foreign providers and cater to specific regional requirements in defense, agriculture, and disaster management.
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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 |
MEA satellite bus market size, by country, 2018-2030 (US$M)
Middle East & Africa Satellite Bus Market Outlook Share, 2024 & 2030 (US$M)
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