North America Satellite Bus Market Size & Outlook
Related Markets
North America satellite bus market highlights
- The North America satellite bus market generated a revenue of USD 6,884.3 million in 2024.
- The market is expected to grow at a CAGR of 5.2% from 2025 to 2030.
- In terms of segment, medium was the largest revenue generating size in 2024.
- Nano is the most lucrative size segment registering the fastest growth during the forecast period.
- Country-wise, Canada is expected to register the highest CAGR from 2025 to 2030.
North America data book summary
| Market revenue in 2024 | USD 6,884.3 million |
| Market revenue in 2030 | USD 9,292.1 million |
| Growth rate | 5.2% (CAGR from 2025 to 2030) |
| Largest segment | Medium |
| Fastest growing segment | Nano |
| 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, North America region accounted for 48.1% 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 71.54% in 2024. Horizon Databook has segmented the North America satellite bus market based on large, medium, small, nano covering the revenue growth of each sub-segment from 2018 to 2030.
The market is primarily driven by increasing demand for high-speed communications, national security needs, and advancements in earth observation technologies. Additionally, government support through NASA, the Department of Defense, and private-public partnerships drives innovation in satellite technology.
The growing use of satellites for environmental monitoring, weather forecasting, and emergency response is also contributing to the market’s growth, as satellite buses become important for effective functioning of satellite.
In the region, the demand for smaller, cost-efficient satellite buses such as small and microsatellites is growing due to their affordability and flexibility. These buses are ideal for low Earth orbit (LEO) missions, such as Earth observation, IoT, and telecommunications.
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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 |
North America satellite bus market size, by country, 2018-2030 (US$M)
North America Satellite Bus Market Outlook Share, 2024 & 2030 (US$M)
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