UK markets close in 2 hours 7 minutes
  • FTSE 100

    -11.66 (-0.17%)
  • FTSE 250

    +19.81 (+0.09%)
  • AIM

    -0.15 (-0.01%)

    +0.0025 (+0.21%)

    +0.0038 (+0.28%)

    +2,797.04 (+11.23%)
  • CMC Crypto 200

    +120.95 (+15.24%)
  • S&P 500

    +44.31 (+1.01%)
  • DOW

    +238.15 (+0.68%)

    -0.48 (-0.67%)

    +0.10 (+0.01%)
  • NIKKEI 225

    +285.29 (+1.04%)

    -1,129.66 (-4.13%)
  • DAX

    -55.17 (-0.35%)
  • CAC 40

    -1.09 (-0.02%)

Global Satellite Payloads Market Report 2021-2026 - Escalating Utilization of Small Satellite Payloads in Many Application Areas

·4-min read

Dublin, July 13, 2021 (GLOBE NEWSWIRE) -- The "Satellite Payloads Market by Type (Communication, Imagery, Software-defined Payload, Navigation), Satellite (CubeSat, Small Satellite, Medium Satellite, Large Satellite), Orbit, Application, End User, Frequency, and Region - Forecasts to 2026" report has been added to's offering.

The satellite payloads market size is projected to grow from USD 3.7 Billion in 2021 to USD 11.3 Billion by 2026, at a CAGR of 24.8% from 2021 to 2026.

The satellite payloads market is growing at a significant rate across the world, and a similar trend is expected to be observed during the forecast period. Ongoing advancements in space technology and satellite payloads, an increasing number of satellite launches, and growing investments in industrial automation are fueling the growth of the satellite payloads market. Continuous advancements in the miniaturization of satellite payloads through technological advancements in digital components, low-mission costs, and the increasing use of satellite constellations (containerization) are major drivers for the growth of this market.

The satellite payloads market is dominated by a few globally established players such as Airbus Defence and Space (Germany), Northrop Grumman (US), Raytheon Technologies Corporation (US), Lockheed Martin Corporation (US), and Thales Alenia Space (France), L3Harris Technologies (US) among others.

These players have spread their business across various countries includes North America, Europe, Asia Pacific, Middle East, Africa, and South America. COVID-19 has affected the Satellite payloads market growth to some extent, and this varies from country to country. Industry experts believe that the pandemic has not affected the demand for Satellite payloads in commercial, Government and defense applications.

The communication segment of the market is projected to grow at the highest CAGR during 2021-2026.

The adoption of laser/optical communication payloads in commercial and defense is driving the growth of the communication payload market. The software-defined payloads, imagery and navigation type payloads are also increasing their market in by type segment in turn driving the growth of the satellite payloads market.

Based on satellite, the small satellite sub-segment is projected to witness the highest CAGR during the forecast period.

The increasing technologies and adoption of mini, micro and nano satellities for remote sensing, earth observation, communication and other applications are contributing the growth of this market. The cubesats and medium satellites are both growing approximately at a similar rate in turn contributing to the growth of the satellite payloads market.

The North America region is estimated to account for the largest share of Satellite Payloads market in 2021.

The Satellite Payloads in the North American region is expected to witness substantial growth during the forecast period, owing to increased investments and expenditures in R&D by countries in this region. The successful execution of flexible payloads in space has led to an increase in the number of space expeditions and through technological breakthroughs in satellite payloads and resourceful insights obtained from past satellite missions have increased the investments by existing and new players in the market. Prominent players from this region include Northrop Grumman (US), Raytheon Technologies(US), Lockheed Martin (US) and others.

Major companies profiled in the report include Airbus Defence and Space (Germany), Northrop Grumman (US), Raytheon Technologies Corporation (US), Lockheed Martin Corporation (US), Thales Alenia Space (France), L3Harris Technologies, Inc. (US), and Sierra Nevada Corporation (US), among others.

Market Dynamics


  • Increasing Demand for Leo-Based Satellite Payloads

  • Rising Demand for Earth Observation Imagery Payloads

  • Growing Demand for Commercial-Off-The-Shelf (Cots) Components for Cubesat Payloads

  • Emerging Adoption of Sdrs in Communication Satellites

  • Escalating Demand for Reconfigurable Sds

  • Booming Investments by Venture Capitalists in Space Exploration Missions


  • Rising Demand for Optical Communication Payload

  • Increasing Use of Hosted Payloads

  • Growing Adoption of Sdr Payload Technology in Space Missions

  • Growing Investments by Several Governments in Space Technology

  • Escalating Utilization of Small Satellite Payloads in Many Application Areas


  • Growing Concerns Over Space Debris


  • Stringent Government Policies Related to Satellite Launches

  • Average Selling Prices of Satellites

  • Impact of COVID-19 on Satellite Payload Market

Ranges and Scenarios

  • Trends/Business Impacting Customer Business

  • Revenue Shift and New Revenue Pockets for Satellite Payload Manufacturers

Satellite Payload Market Ecosystem

  • Prominent Companies

  • Private and Small Enterprises

  • End-users

Industry Trends

Technological Trends

  • Software on Quantum Satellite Platform

  • Miniaturization in Space Technology

  • Use of Hosted Payload Strategies

  • Rideshare Launches (Secondary Payload) for Small Satellites

  • Use of Small Satellite Payloads to Provide Enhanced Space Imagery

  • State-Of-The-Art Small Satellite & Cubesat Technologies

Technology Analysis

  • Field Programmable Gate Array Technology

  • Analog-To-Digital Converter and Digital-To-Analog Converters

  • Digital Signal Processors

Impact of Megatrends

  • Next-Generation Laser Sensor Payloads to Assist in Landing on Moon and Mars

  • Development of New-Generation Cubesats for Lunar Exploration

  • Cognitive Radio (Sdr-Cr) Technology

Use Cases

  • Use Case: Next-Generation Software-Defined Satellites

  • Use Case: Eutelsat Quantum - New-Generation Communication Satellite

  • Use Case: Satellite Radiation Hardness Test

Patent Analysis

Company Profiles

  • Airbus Defence and Space

  • Blue Canyon Technologies Inc.

  • General Dynamics Mission Systems

  • Gomspace

  • Honeywell International Inc.

  • Kuiper Systems (Amazon)

  • L3Harris Technologies

  • Lockheed Martin Corporation

  • Lucix Corporation

  • MDA Ltd.

  • Mitsubishi Electric Corporation

  • Northrop Grumman Corporation

  • OHB Se

  • Oneweb

  • Planet Labs

  • Raytheon Technologies

  • Sierra Nevada Corporation

  • Space System/Loral, LLC (Maxar)

  • Spacex

  • St Engineering

  • Surrey Space Technology Limited

  • Thales Alenia Space

  • The Boeing Company

  • Viasat, Inc.

For more information about this report visit

CONTACT: CONTACT: Laura Wood, Senior Press Manager For E.S.T Office Hours Call 1-917-300-0470 For U.S./CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900

Our goal is to create a safe and engaging place for users to connect over interests and passions. In order to improve our community experience, we are temporarily suspending article commenting