Saudi Arabia Satellite Bus Market Size & Outlook
Related Markets
Saudi Arabia satellite bus market highlights
- The Saudi Arabia satellite bus market generated a revenue of USD 56.1 million in 2024 and is expected to reach USD 95.6 million by 2030.
- The Saudi Arabia market is expected to grow at a CAGR of 9.4% 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 56.1 million |
| Market revenue in 2030 | USD 95.6 million |
| Growth rate | 9.4% (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, Saudi Arabia accounted for 0.4% 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 Middle East & Africa, Saudi Arabia satellite bus market is projected to lead the regional market in terms of revenue in 2030.
- South Africa is the fastest growing regional market in Middle East & Africa and is projected to reach USD 50.6 million by 2030.
Medium was the largest segment with a revenue share of 73.26% in 2024. Horizon Databook has segmented the Saudi Arabia satellite bus market based on large, medium, small, nano covering the revenue growth of each sub-segment from 2018 to 2030.
The country’s investment in space technology, driven by entities such as the Saudi Space Commission, focuses on communication, earth observation, and remote sensing. Collaborations with global space agencies and partnerships with local universities are fostering skill development and innovation, positioning Saudi Arabia as a key player in the satellite bus market in the region.
The country is focusing on enhancing its space capabilities with ambitious initiatives such as the Saudi Space Authority's (SSA) focus on expanding satellite infrastructure for a variety of purposes, including surveillance and environmental monitoring. The rising need for communication, surveillance, and other satellite services is contributing to the demand for innovative satellite bus solutions.
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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 |
Saudi Arabia satellite bus market size, by size, 2018-2030 (US$M)
Saudi Arabia Satellite Bus Market Outlook Share, 2024 & 2030 (US$M)
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