South Korea Satellite Payloads Market Size & Outlook
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South Korea satellite payloads market highlights
- The South Korea satellite payloads market generated a revenue of USD 193.6 million in 2024 and is expected to reach USD 395.5 million by 2030.
- The South Korea market is expected to grow at a CAGR of 11.6% from 2025 to 2030.
- In terms of segment, low earth orbit (leo) was the largest revenue generating orbit in 2024.
- Low Earth Orbit (LEO) is the most lucrative orbit segment registering the fastest growth during the forecast period.
Satellite payloads market data book summary
| Market revenue in 2024 | USD 193.6 million |
| Market revenue in 2030 | USD 395.5 million |
| Growth rate | 11.6% (CAGR from 2025 to 2030) |
| Largest segment | Low earth orbit (leo) |
| Fastest growing segment | Low Earth Orbit (LEO) |
| Historical data | 2018 - 2023 |
| Base year | 2024 |
| Forecast period | 2025 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Low Earth Orbit (LEO), Medium Earth Orbit (MEO), Geostationary Earth Orbit (GEO) |
Other key industry trends
- In terms of revenue, South Korea accounted for 2.2% of the global satellite payloads market in 2024.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China satellite payloads market is projected to lead the regional market in terms of revenue in 2030.
- Australia is the fastest growing regional market in Asia Pacific and is projected to reach USD 661.9 million by 2030.
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Satellite Payloads Market Scope
Satellite Payloads Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Sierra Nevada Corporation | View profile | 1001-5000 | Sparks, Nevada, United States, North America | https://www.sncorp.com |
| Airbus | View profile | 10001+ | Leiden, Zuid-Holland, The Netherlands, Europe | http://www.airbus.com |
| Lockheed Martin Corporation | View profile | - | - | - |
| Thales Group | View profile | 10001+ | Paris, Ile-de-France, France, Europe | http://www.thalesgroup.com |
| General Dynamics Corp | View profile | 111600 | 11011 Sunset Hills Road, Reston, VA, United States, 20190 | https://www.gd.com |
| Boeing Co | View profile | 171000 | 929 Long Bridge Drive, Arlington, VA, United States, 22202 | https://www.boeing.com |
| Northrop Grumman Corp | View profile | 101000 | 2980 Fairview Park Drive, Falls Church, VA, United States, 22042 | https://www.northropgrumman.com |
| Mitsubishi Heavy Industries Ltd | View profile | 86331 | 2-3 Marunouchi 3-chome, Chiyoda-ku, Tokyo, Japan, 100-8332 | https://www.mhi.com |
| L3Harris Technologies Inc | View profile | 50000 | 1025 West NASA Boulevard, Melbourne, FL, United States, 32919 | https://www.l3harris.com |
| Honeywell International Inc | View profile | 95000 | 855 South Mint Street, Charlotte, NC, United States, 28202 | https://www.honeywell.com |
South Korea satellite payloads market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to satellite payloads market will help companies and investors design strategic landscapes.
Low earth orbit (leo) was the largest segment with a revenue share of 51.91% in 2024. Horizon Databook has segmented the South Korea satellite payloads market based on low earth orbit (leo), medium earth orbit (meo), geostationary earth orbit (geo) covering the revenue growth of each sub-segment from 2018 to 2030.
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Our clientele includes a mix of satellite payloads market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of country-level data and insights on the South Korea satellite payloads market , including forecasts for subscribers. This country databook contains high-level insights into South Korea satellite payloads market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
South Korea satellite payloads market size, by orbit, 2018-2030 (US$M)
South Korea Satellite Payloads Market Outlook Share, 2024 & 2030 (US$M)
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