Satellite Payloads Market to be accelerated by Remote Sensing Technologies reaching their Zenith
Advancements in remote sensing technologies and navigational telecommunications are propelling the growth of the satellite payloads market, as stated by Persistence Market Research
Satellite Payloads Market Dispersion
The global satellite payloads market, by orbit type, spans LEO (Low Earth Orbit), GEO (Geosynchronous Earth Orbit), and MEO (Medium Earth Orbit). BY type of payload, it’s communication, imaging, navigation, and likewise. By application, it’s telecommunication, remote sensing, scientific research, surveillance, and navigation. By frequency band, it’s C, K/KU/KA band, S&L band, X band, VHF & UHF band, and others. Persistence Market Research has mentioned these facts with prospects in its latest market study entitled “Satellite Payloads Market”.
Region-wise Analysis
North America holds the largest market share due to the ever-increasing demand for deployments of satellite payloads coupled with advancements regarding digital payloads carried by none other than NASA, private players like Sierra Nevada Corporation, SpaceX, and Lucix Corporation, and the US Department of Defense. Europe also holds a significant market share. As far as the Asia-Pacific is concerned, growing investments in telecommunication satellites and earth observation by countries like India and China are expected to hold the hopes high. Along these lines, ISRO (Indian Space Research Organization), in January 2020, did successfully launch the GSAT-30 communication satellite into GTO (Geosynchronous Transfer Orbit) from French Guiana. Persistence Market Research has, with the help of its team of analysts and consultants, has entailed these findings with insights in its latest market study entitled “Satellite Payloads Market”.
Competitive Landscape
Persistence Market Research has profiled the key players in the satellite payloads market as Airbus Defense and Space, Boeing Company, Thales S.A., Lockheed Martin Corporation, Mitsubishi Electric Corporation, Honeywell International, Inc., Harris Corporation, and likewise.
Persistence Market Research has also moved ahead with mentioning the key developments in this regard. For instance – Thales Alenia Space, in June 2021, did sign a contract worth US$ 195 Mn with the Italian Ministry of Defense (represented by Secretariat General of Defense/TELEDIFE) to develop a SACRAL 3 secure satellite communications system. Northrop Grumman Corporation, in May 2021, signed a contract of continuation worth US$ 13.3 Mn with DARPA (Defense Advanced Research Projects Agency) for developing a PNT payload for the Blackjack constellation. L3 Harris Technologies Inc., in February 2021, did ink a contract worth US$ 137 Mn with Lockheed Martin Corporation for four navigation MDU (Mission Data Units) for future GPS III Follow-on (GPS IIIF) satellites. SKY Perfect JSAT, in March 2021, did sign a contract with Airbus for building Superbird-9, which comes across as a completely digital in-orbit reconfigurable telecommunications satellite. L3Harris, in February 2021, signed a contract worth US$ 137 Mn with Lockheed Martin for four digital payloads for GPS navigation satellites. SES, in June 2020, did select Northrop Grumman for building 2 C-band satellites for operating in the spectrum’s upper portion. This step is in direction of supporting the Federal Commission’s order of making the C-band spectrum’s lower portion available to the mobile network operators for further rolling out critical 5G services all across the US.
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