South Africa Satellite Bus Market Size & Outlook
Related Markets
South Africa satellite bus market highlights
- The South Africa satellite bus market generated a revenue of USD 28.6 million in 2024 and is expected to reach USD 50.6 million by 2030.
- The South Africa market is expected to grow at a CAGR of 10.1% 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.
Satellite bus market data book summary
| Market revenue in 2024 | USD 28.6 million |
| Market revenue in 2030 | USD 50.6 million |
| Growth rate | 10.1% (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, South Africa accounted for 0.2% 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 73.78% in 2024. Horizon Databook has segmented the South Africa satellite bus market based on large, medium, small, nano covering the revenue growth of each sub-segment from 2018 to 2030.
South Africa is experiencing notable growth in the satellite bus market owing to its advanced capabilities in satellite research and development. The country has developed and launched multiple satellites, with projects driven by the South African National Space Agency (SANSA).
South Africa’s focus is on environmental monitoring, disaster management, and telecommunications, with ongoing initiatives to increase local manufacturing and technology transfer. Government support and collaboration with academic and research institutions are central to advancing South Africa’s role as a satellite bus provider in Africa.
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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 |
South Africa satellite bus market size, by size, 2018-2030 (US$M)
South Africa Satellite Bus Market Outlook Share, 2024 & 2030 (US$M)
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