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The global satellite and spacecraft subsystem market was USD 30.40 billion in 2022 and is expected reach USD 45.00 billion by 2030 with a CAGR of 5.47% during the forecast period, i.e., 2023-2030. Satellite and spacecraft subsystems are integral components that collectively enable the functionality of satellites and spacecraft. These subsystems include power, communication, thermal control, guidance and navigation, payload, and propulsion systems. Each subsystem serves a specific purpose, such as providing power, ensuring communication, regulating temperature, enabling precise navigation, carrying mission-specific instruments, and facilitating orbital maneuvers.

A major growth driver for the satellite and spacecraft subsystem market is the increasing demand for satellite-based services and space exploration initiatives. As satellite technology advances, there is a growing need for more sophisticated and specialized subsystems to support diverse missions, from Earth observation to deep space exploration.

However, the market faces challenges such as the threat of space debris, regulatory complexities, limited spectrum availability, and the high costs associated with research, development, and deployment. Addressing these challenges is crucial for the sustained growth and innovation in the satellite and spacecraft subsystems market.

In November 2023, China Aerospace Science and Industry Corp (CASIC) announced its plans to develop a comprehensive remote-sensing satellite network by 2030, with the aim of launching the first satellite in December 2023. The network, comprising 300 satellites in extra-low orbits, will provide real-time, high-resolution observations for public services, emergency response, and disaster relief. CASIC Space Engineering Development, the leading subsidiary, stated that the system will map and survey any location globally within 15 minutes of user requests. The ambitious project was announced at the 9th China International Commercial Aerospace Forum in Wuhan.

Browse 75 market data Tables and 45 Figures spread through 226 Pages and in-depth TOC on "Satellite and Spacecraft Subsystem Market, by Satellite Subsystem Type (Payload, Electrical And Power Subsystem, Command and Data Handling System, Communication Subsystem, Thermal Control Subsystem, Attitude Determination and Control Subsystem, Propulsion System, Mechanism, Actuator, and Structure), by Launch Vehicle Subsystem (Structure, Avionics, Propulsion System, Control System, Electrical System, Stage Separation, and Thermal System), by Deep Space Probe Subsystem (Stage Separation, Thermal System, and Others), by End-Use Industry (Commercial, Civil Government, Defense, Research and Academics, and Other End-Use Industry), and by Region (North America, Europe, Asia-Pacific, Middle East and Africa, and South America) - Global Forecast to 2030

By satellite subsystem type, payload segment dominates the global satellite and spacecraft subsystem market.

Based on the satellite subsystem type, the global satellite and spacecraft subsystem market is segmented into payload, electrical and power subsystem, command and data handling system, communication subsystem, thermal control subsystem, attitude determination and control subsystem, propulsion system, mechanism, actuator, and structure. Payload segment dominated the global satellite and spacecraft subsystem market in 2022 because it encapsulates the primary mission instruments or equipment, defining a satellite's purpose. Advanced payloads enhance communication, Earth observation, and scientific capabilities. For instance, SpaceX's Starlink constellation, launched in October 2019, relies on sophisticated communication payloads to provide global broadband coverage. Similarly, Earth-observing satellites, like Sentinel-6 Michael Freilich launched in November 2020, utilize state-of-the-art instruments to monitor sea level rise. The increasing demand for specialized payloads, driven by applications like navigation, remote sensing, and scientific research, underscores the pivotal role of this segment in shaping the market's growth trajectory.

“The Asia-Pacific (APAC) is expected to register the fastest CAGR during the forecast period in the global satellite and spacecraft subsystem market.”

The Asia-Pacific is expected to registered the highest CAGR the global satellite and spacecraft subsystem market owing to increasing space exploration initiatives and a surge in satellite deployments for communication and Earth observation. Notable examples include China's Mars rover mission Tianwen-1 (launched in July 2020) and India's ambitious Chandrayaan-3 lunar exploration mission. These endeavors reflect the region's commitment to space exploration and satellite technology, contributing to the expected significant expansion in the satellite and spacecraft subsystems market.

Some of the major players in the global satellite and spacecraft subsystem market include Airbus S.A.S., Ball Aerospace, Data Device Corporation, Honeywell International, Israel Aerospace Industries, Lockheed Martin Corporation, Mitsubishi Electric Corporation, Northrop Grumman, OneWeb, and OHB System.

Global Satellite and Spacecraft Subsystem Market Coverage (By Value)

• Satellite Subsystem Insight and Forecast 2018-2030

• Payload

• Electrical and Power Subsystem

• Command and Data Handling System

• Communication Subsystem

• Thermal Control Subsystem

• Attitude Determination and Control Subsystem

• Propulsion System

• Mechanism

• Actuator

• Structure

• Launch Vehicle Subsystem Insight and Forecast 2018-2030

• Structure

• Avionics

• Propulsion System

• Control System

• Electrical System

• Stage Separation

• Thermal System

• Deep Space Probe Subsystem Insight and Forecast 2018-2030

• Stage Separation

• Thermal System

• Others

• End-use Industry Process Insight and Forecast 2018-2030

• Commercial

• Civil Government

• Defense

• Research and Academics

• Other end-use industry

Geographical Segmentation

Global Satellite and Spacecraft Subsystem Market by Region

• North America

• By Satellite Subsystem

• By Launch Vehicle Subsystem

• By Deep Space Probe Subsystem

• By End-use Industry

• By Country – U.S., Canada, and Mexico

• Europe

• By Satellite Subsystem

• By Launch Vehicle Subsystem

• By Deep Space Probe Subsystem

• By End-use Industry

• By Country – Germany, U.K., France, Italy, Spain, Russia, and Rest of Europe

• Asia-Pacific (APAC)

• By Satellite Subsystem

• By Launch Vehicle Subsystem

• By Deep Space Probe Subsystem

• By End-use Industry

• By Country – China, Japan, India, South Korea, and Rest of Asia-Pacific

• South America

• By Satellite Subsystem

• By Launch Vehicle Subsystem

• By Deep Space Probe Subsystem

• By End-use Industry

• By Country – Argentina, Brazil, Chile, and Rest of South America

• Middle East and Africa

• By Satellite Subsystem

• By Launch Vehicle Subsystem

• By Deep Space Probe Subsystem

• By End-use Industry

• By Country – Saudi Arabia, U.A.E, South Africa, and Rest of Middle East and Africa