Satellite Parts and Components Market SIZE & SHARE ANALYSIS - GROWTH TRENDS & FORECASTS UP TO 2030

The Satellite Parts and Components Market is segmented by Region (Asia-Pacific, Europe, North America). Market Value in USD is presented. Key Data Points observed include spending on space programs in USD by region; and, the count of satellite launches by satellite launch mass.

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Satellite Parts and Components Market SIZE & SHARE ANALYSIS - GROWTH TRENDS & FORECASTS UP TO 2030

Satellite Parts and Components Market Size

Satellite Parts and Components Market Summary
Study Period 2017 - 2030
Base Year For Estimation 2024
Forecast Data Period 2025 - 2030
Market Size (2025) USD 272.6 Billion
Market Size (2030) USD 417.7 Billion
CAGR (2025 - 2030) 8.91 %
Market Concentration High

Major Players

Satellite Parts and Components Market Major Players

*Disclaimer: Major Players sorted in no particular order

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Satellite Parts and Components Market Analysis

The Satellite Parts and Components Market size is estimated at 272.6 billion USD in 2025, and is expected to reach 417.7 billion USD by 2030, growing at a CAGR of 8.91% during the forecast period (2025-2030).

The satellite parts and satellite components industry is experiencing significant technological transformation driven by innovations in manufacturing processes and materials. Additive manufacturing, particularly 3D printing, has emerged as a revolutionary technology for producing complex satellite components, including antennas, brackets, and engine parts. This manufacturing approach enables cost reduction while maintaining high precision and quality standards. The industry has witnessed increased adoption of commercial off-the-shelf (COTS) components in satellite equipment design and development, significantly reducing development time and costs while improving reliability and performance. The integration of these pre-existing components has become particularly crucial as the industry moves toward more standardized and efficient production methods.


The industry landscape is being reshaped by substantial investments and technological advancements from major space agencies and private companies. The United States continues to lead innovation in space technology, with the US government allocating approximately USD 62 billion to space programs in 2022. This investment has accelerated the development of advanced technologies, including high-performance electronics, sophisticated sensors, and innovative propulsion systems. The European Space Agency (ESA) has also demonstrated a strong commitment to space technology advancement, proposing a budget of EUR 18.5 billion for 2023-2025 to maintain Europe's leadership in Earth observation and expand navigation services.


The market is witnessing a significant shift toward enhanced manufacturing capabilities and improved satellite components performance through advanced materials and technologies. Between 2017 and 2022, over 4,300 satellites were manufactured and launched globally, demonstrating the industry's robust production capabilities. The integration of artificial intelligence and machine learning in satellite subsystems has enabled more autonomous operations and improved data processing capabilities. These technological advancements have led to the development of more sophisticated and efficient satellite components, including improved power systems, enhanced communication equipment, and more reliable propulsion mechanisms.


International collaboration and partnerships have become increasingly important in driving innovation and market growth. Space agencies worldwide are forming strategic alliances to share resources, expertise, and technologies. For instance, in November 2022, ESA PicoSats collaborated with ESTECO and the University of Trieste to develop a demonstrator antenna using hybrid manufacturing techniques, combining traditional machining with selective laser melting 3D printing. This trend toward collaborative development has accelerated the pace of innovation while distributing the financial and technological risks associated with advanced space projects. The industry has also seen increased participation from private companies, bringing new perspectives and approaches to space hardware and satellite component development and manufacturing.

Satellite Parts and Components Market Geography Segment Analysis

Satellite Parts and Components Market in Asia-Pacific

The Asia-Pacific satellite parts and components market holds approximately 26% market share in 2024, establishing itself as a significant player in the global landscape. The region's market is characterized by substantial investments in modern satellite constellations for intelligence, surveillance, positioning, navigation, and timing, as well as Earth observation applications. China leads the regional market with its aggressive space program development and manufacturing capabilities, followed by other key players like Japan and India. The market is witnessing an increased focus on technological advancements, particularly in the development of small satellites and their components. Regional manufacturers are emphasizing the production of high-quality satellite parts while maintaining cost-effectiveness. The growing importance of space-based assets in modern warfare has led military organizations across the region to invest heavily in satellite systems development. This has created a robust ecosystem for satellite parts manufacturers, particularly those specializing in advanced payloads and communication systems. The region's market is further strengthened by strong government support and increasing private sector participation in space activities.

Market Analysis of Satellite Parts and Components Market: Forecasted Growth Rate by Region

Satellite Parts and Components Market in Europe

The European satellite parts and components market has demonstrated remarkable growth, experiencing approximately 69% growth from 2019 to 2024. The market is driven by increased demand for accurate and up-to-date information across various applications, including agriculture, forestry, urban planning, transportation, energy, defense, and environmental monitoring. France, Germany, the United Kingdom, and Russia are the leading countries in satellite development and launch activities within the region. The European market is characterized by significant technological innovations, particularly in materials and manufacturing techniques such as 3D printing and additive manufacturing. The region's strength lies in its robust research and development infrastructure, supported by collaboration between academic institutions and industry players. European manufacturers are particularly focused on developing sustainable and cost-effective satellite components, with an emphasis on reducing space debris and improving satellite longevity. The market benefits from strong institutional support, particularly from the European Space Agency, which provides both funding and technical expertise to industry participants. The region's focus on environmental monitoring and climate change has also created specific demands for specialized satellite components and sensors.

Satellite Parts and Components Market in North America

The North American satellite parts and components market is projected to grow at approximately 9% annually from 2024 to 2029, maintaining its position as the largest regional market globally. The region's dominance is attributed to its advanced technological capabilities, robust aerospace infrastructure, and significant government investments in space programs. The United States leads the market with its extensive network of satellite manufacturers, component suppliers, and research institutions. The market is characterized by high levels of innovation, particularly in developing miniaturized components and advanced propulsion systems. The presence of major aerospace companies and numerous specialized component manufacturers creates a comprehensive supply chain ecosystem. The region's focus on national security and defense applications continues to drive demand for sophisticated satellite components and systems. Commercial space activities, particularly in telecommunications and Earth observation, further boost market growth. The market benefits from strong intellectual property protection and established quality standards, attracting both domestic and international investments. The increasing trend toward commercial space exploration and satellite-based services continues to create new opportunities for component manufacturers.

Satellite Parts and Components Market in Rest of World

The Rest of World market for satellite parts and components encompasses emerging space economies, particularly in the Middle East and South America. The United Arab Emirates has emerged as a significant player, focusing on developing indigenous satellite technologies and components manufacturing capabilities. Saudi Arabia's space sector is experiencing rapid development, driven by its Vision 2030 economic diversification plan and increasing investments in space technology. Brazil continues to develop its domestic satellite manufacturing capabilities, despite facing certain budgetary constraints. These regions are characterized by increasing government support for space programs and growing private sector participation. The market is witnessing a shift towards developing local manufacturing capabilities rather than relying solely on imports. Countries in these regions are particularly focused on developing components for small satellites and communication systems. The market benefits from international collaborations and technology transfer agreements with established space-faring nations. Educational and research institutions in these regions are increasingly participating in satellite component development, contributing to the growth of local expertise and capabilities.

Satellite Parts and Components Industry Overview

Top Companies in Satellite Parts and Components Market

The satellite parts and satellite components market is characterized by continuous innovation and strategic developments among major players like General Dynamics, Northrop Grumman, Lockheed Martin, Boeing, and Thales. Companies are heavily investing in research and development to advance technologies such as AI integration, additive manufacturing, and the miniaturization of satellite components. The industry has witnessed a strong focus on developing cost-effective manufacturing approaches, particularly for small satellite components and satellite subsystems. Strategic partnerships and collaborations with space agencies and research institutions have become increasingly common to enhance technological capabilities and market reach. Operational agility has been demonstrated through the adoption of commercial-off-the-shelf (COTS) components and integrated manufacturing processes, allowing companies to respond quickly to market demands while maintaining quality standards.

Consolidated Market with Strong Global Players

The satellite parts and components market exhibits a highly consolidated structure dominated by large global defense and aerospace conglomerates with extensive technological capabilities and established relationships with government agencies. These major players leverage their diverse product portfolios, strong financial positions, and extensive manufacturing facilities across multiple regions to maintain their market dominance. The market has witnessed limited new entrants due to high technological barriers, substantial capital requirements, and the need for specialized expertise in space technology. The presence of stringent quality standards and certification requirements further reinforces the position of established players.


The industry has seen selective merger and acquisition activities, primarily focused on acquiring specialized technology companies or expanding geographical presence. Large companies have particularly shown interest in acquiring smaller firms with innovative technologies in areas such as miniaturization, advanced materials, and digital solutions. Regional players, especially in emerging markets, have been establishing partnerships with global leaders to enhance their technological capabilities and market access. The market also features specialized component manufacturers who focus on specific niches, such as propulsion systems, power units, or communication equipment.

Innovation and Adaptability Drive Future Success

Success in the satellite components market increasingly depends on companies' ability to innovate while maintaining cost competitiveness. Incumbent players need to focus on developing next-generation technologies while optimizing their existing product portfolios through improved manufacturing processes and supply chain efficiency. Companies must also strengthen their relationships with key customers, particularly government agencies and large satellite manufacturers, while expanding their presence in emerging commercial space markets. The ability to offer customized solutions while maintaining standardization for cost efficiency will be crucial for maintaining market position.


For contenders looking to gain market share, focusing on specific market niches where they can develop unique technological advantages will be essential. This includes areas such as small satellite subsystems, advanced materials, or specialized subsystems. Building strong partnerships with established players and investing in research and development capabilities will be crucial for market entry and growth. Companies must also navigate complex regulatory environments across different regions while maintaining high quality and reliability standards. The increasing focus on environmental sustainability and space debris mitigation will require companies to develop innovative solutions that address these concerns while meeting performance requirements.

Satellite Parts and Components Market Leaders

  1. General Dynamics

  2. Lockheed Martin Corporation

  3. Northrop Grumman Corporation

  4. Thales

  5. The Boeing Company

  6. *Disclaimer: Major Players sorted in no particular order
Satellite Parts and Components Market Concentration
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Satellite Parts and Components Market News

  • January 2023: ISISPACE has launched 47 payloads from 8 different countries during its ISILAUNCH38 mission on board Falcon 9 Rocket. ISILAUNCH partnered with SpaceBD from Japan, to jointly manifest payloads from Japan, Europe, and other parts of the world on the launch on one of the ports on this launch.
  • December 2022: ASTRO CL, the smallest member of the Jena-Optronik star sensor family was be used on the new LEO platform from Maxar. Each satellite is equipped with two ASTRO CL sensors, which support the attitude control of these satellites.
  • November 2022: As part of NASA's Artemis I mission, the Orion spacecraft successfully launched into space on November 16, 2022. Two star trackers from Jena-Optronik GmbH guided the Orion on its way to lunar orbit.

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We offer a comprehensive set of global and local metrics that illustrate the fundamentals of the satellites industry. Clients can access in-depth market analysis of various satellites and launch vehicles through granular level segmental information supported by a repository of market data, trends, and expert analysis. Data and analysis on satellite launches, satellite mass, application of satellites, spending on space programs, propulsion systems, end users, etc., are available in the form of comprehensive reports as well as excel based data worksheets.

Satellite Parts and Components Market
Satellite Parts and Components Market
Satellite Parts and Components Market
Satellite Parts and Components Market

Satellite Parts and Components Market Report - Table of Contents

1. EXECUTIVE SUMMARY & KEY FINDINGS

2. REPORT OFFERS

3. INTRODUCTION

  • 3.1 Study Assumptions & Market Definition
  • 3.2 Scope of the Study​
  • 3.3 Research Methodology

4. KEY INDUSTRY TRENDS

  • 4.1 Satellite Miniaturization
  • 4.2 Satellite Mass
  • 4.3 Spending On Space Programs
  • 4.4 Regulatory Framework
    • 4.4.1 Global
    • 4.4.2 Australia
    • 4.4.3 Brazil
    • 4.4.4 Canada
    • 4.4.5 China
    • 4.4.6 France
    • 4.4.7 Germany
    • 4.4.8 India
    • 4.4.9 Iran
    • 4.4.10 Japan
    • 4.4.11 New Zealand
    • 4.4.12 Russia
    • 4.4.13 Singapore
    • 4.4.14 South Korea
    • 4.4.15 United Arab Emirates
    • 4.4.16 United Kingdom
    • 4.4.17 United States
  • 4.5 Value Chain & Distribution Channel Analysis

5. MARKET SEGMENTATION (includes market size in Value in USD, Forecasts up to 2030 and analysis of growth prospects)

  • 5.1 Region
    • 5.1.1 Asia-Pacific
    • 5.1.2 Europe
    • 5.1.3 North America
    • 5.1.4 Rest of World

6. COMPETITIVE LANDSCAPE

  • 6.1 Key Strategic Moves
  • 6.2 Market Share Analysis
  • 6.3 Company Landscape
  • 6.4 Company Profiles (includes Global Level Overview, Market Level Overview, Core Business Segments, Financials, Headcount, Key Information, Market Rank, Market Share, Products and Services, and Analysis of Recent Developments).
    • 6.4.1 AAC Clyde Space
    • 6.4.2 BAE Systems
    • 6.4.3 General Dynamics
    • 6.4.4 Innovative Solutions in Space BV
    • 6.4.5 Jena-Optronik
    • 6.4.6 Lockheed Martin Corporation
    • 6.4.7 Northrop Grumman Corporation
    • 6.4.8 OHB SE
    • 6.4.9 SENER Group
    • 6.4.10 Sitael S.p.A.
    • 6.4.11 Thales
    • 6.4.12 The Boeing Company

7. KEY STRATEGIC QUESTIONS FOR SATELLITE CEOS

8. APPENDIX

  • 8.1 Global Overview
    • 8.1.1 Overview
    • 8.1.2 Porter’s Five Forces Framework
    • 8.1.3 Global Value Chain Analysis
    • 8.1.4 Market Dynamics (DROs)
  • 8.2 Sources & References
  • 8.3 List of Tables & Figures
  • 8.4 Primary Insights
  • 8.5 Data Pack
  • 8.6 Glossary of Terms
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List of Tables & Figures

  1. Figure 1:  
  2. MINIATURE SATELLITES (BELOW 10KG), NUMBER OF LAUNCHES, GLOBAL, 2017 - 2022
  1. Figure 2:  
  2. SATELLITE MASS (ABOVE 10KG) BY REGION, NUMBER OF SATELLITES LAUNCHED, GLOBAL, 2017 - 2022
  1. Figure 3:  
  2. SPENDING ON SPACE PROGRAMS BY REGION, USD, GLOBAL, 2017 - 2022
  1. Figure 4:  
  2. GLOBAL SATELLITE PARTS AND COMPONENTS MARKET, VALUE, USD, 2017 - 2029
  1. Figure 5:  
  2. VALUE OF SATELLITE PARTS AND COMPONENTS MARKET BY REGION, USD, GLOBAL, 2017 - 2029
  1. Figure 6:  
  2. VALUE SHARE OF SATELLITE PARTS AND COMPONENTS MARKET BY REGION, %, GLOBAL, 2017 VS 2023 VS 2029
  1. Figure 7:  
  2. VALUE OF SATELLITE PARTS AND COMPONENTS MARKET, USD, ASIA-PACIFIC, 2017 - 2029
  1. Figure 8:  
  2. VALUE SHARE OF SATELLITE PARTS AND COMPONENTS MARKET %, ASIA-PACIFIC, 2017 VS 2029
  1. Figure 9:  
  2. VALUE OF SATELLITE PARTS AND COMPONENTS MARKET, USD, EUROPE, 2017 - 2029
  1. Figure 10:  
  2. VALUE SHARE OF SATELLITE PARTS AND COMPONENTS MARKET %, EUROPE, 2017 VS 2029
  1. Figure 11:  
  2. VALUE OF SATELLITE PARTS AND COMPONENTS MARKET, USD, NORTH AMERICA, 2017 - 2029
  1. Figure 12:  
  2. VALUE SHARE OF SATELLITE PARTS AND COMPONENTS MARKET %, NORTH AMERICA, 2017 VS 2029
  1. Figure 13:  
  2. VALUE OF SATELLITE PARTS AND COMPONENTS MARKET, USD, REST OF WORLD, 2017 - 2029
  1. Figure 14:  
  2. VALUE SHARE OF SATELLITE PARTS AND COMPONENTS MARKET %, REST OF WORLD, 2017 VS 2029
  1. Figure 15:  
  2. NUMBER OF STRATEGIC MOVES OF MOST ACTIVE COMPANIES, GLOBAL SATELLITE PARTS AND COMPONENTS MARKET, ALL, 2017 - 2029
  1. Figure 16:  
  2. TOTAL NUMBER OF STRATEGIC MOVES OF COMPANIES, GLOBAL SATELLITE PARTS AND COMPONENTS MARKET, ALL, 2017 - 2029
  1. Figure 17:  
  2. MARKET SHARE OF GLOBAL SATELLITE PARTS AND COMPONENTS MARKET, %, ALL, 2023

Satellite Parts and Components Industry Segmentation

Asia-Pacific, Europe, North America are covered as segments by Region.
Region Asia-Pacific
Europe
North America
Rest of World
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Market Definition

  • Application - Various applications or purposes of the satellites are classified into communication, earth observation, space observation, navigation, and others. The purposes listed are those self-reported by the satellite’s operator.
  • End User - The primary users or end users of the satellite is described as civil (academic, amateur), commercial, government (meteorological, scientific, etc.), military. Satellites can be multi-use, for both commercial and military applications.
  • Launch Vehicle MTOW - The launch vehicle MTOW (maximum take-off weight) means the maximum weight of the launch vehicle during take-off, including the weight of payload, equipment and fuel.
  • Orbit Class - The satellite orbits are divided into three broad classes namely GEO, LEO, and MEO. Satellites in elliptical orbits have apogees and perigees that differ significantly from each other and categorized satellite orbits with eccentricity 0.14 and higher as elliptical.
  • Propulsion tech - Under this segment, different types of satellite propulsion systems have been classified as electric, liquid-fuel and gas-based propulsion systems.
  • Satellite Mass - Under this segment, different types of satellite propulsion systems have been classified as electric, liquid-fuel and gas-based propulsion systems.
  • Satellite Subsystem - All the components and subsystems which includes propellants, buses, solar panels, other hardware of satellites are included under this segment.
Keyword Definition
Attitude Control The orientation of the satellite relative to the Earth and the sun.
INTELSAT The International Telecommunications Satellite Organization operates a network of satellites for international transmission.
Geostationary Earth Orbit (GEO) Geostationary satellites in Earth orbit 35,786 km (22,282 mi) above the equator in the same direction and at the same speed as the earth rotates on its axis, making them appear fixed in the sky.
Low Earth Orbit (LEO) Low Earth Orbit satellites orbit from 160-2000km above the earth, take approximately 1.5 hours for a full orbit and only cover a portion of the earth’s surface.
Medium Earth Orbit (MEO) MEO satellites are located above LEO and below GEO satellites and typically travel in an elliptical orbit over the North and South Pole or in an equatorial orbit.
Very Small Aperture Terminal (VSAT) Very Small Aperture Terminal is an antenna that is typically less than 3 meters in diameter
CubeSat CubeSat is a class of miniature satellites based on a form factor consisting of 10 cm cubes. CubeSats weigh no more than 2 kg per unit and typically use commercially available components for their construction and electronics. 
Small Satellite Launch Vehicles (SSLVs) Small Satellite Launch Vehicle (SSLV) is a three-stage Launch Vehicle configured with three Solid Propulsion Stages and a liquid propulsion-based Velocity Trimming Module (VTM) as a terminal stage
Space Mining Asteroid mining is the hypothesis of extracting material from asteroids and other asteroids, including near-Earth objects.
Nano Satellites Nanosatellites are loosely defined as any satellite weighing less than 10 kilograms.
Automatic Identification System (AIS) Automatic identification system (AIS) is an automatic tracking system used to identify and locate ships by exchanging electronic data with other nearby ships, AIS base stations, and satellites. Satellite AIS (S-AIS) is the term used to describe when a satellite is used to detect AIS signatures.
Reusable launch vehicles (RLVs) Reusable launch vehicle (RLV) means a launch vehicle that is designed to return to Earth substantially intact and therefore may be launched more than one time or that contains vehicle stages that may be recovered by a launch operator for future use in the operation of a substantially similar launch vehicle.
Apogee The point in an elliptical satellite orbit which is farthest from the surface of the earth. Geosynchronous satellites which maintain circular orbits around the earth are first launched into highly elliptical orbits with apogees of 22,237 miles.
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Research Methodology

Mordor Intelligence follows a four-step methodology in all our reports.

  • Step-1: Identify Key Variables: In order to build a robust forecasting methodology, the variables and factors identified in Step-1 are tested against available historical market numbers. Through an iterative process, the variables required for market forecast are set and the model is built on the basis of these variables.
  • Step-2: Build a Market Model: Market-size estimations for the historical and forecast years have been provided in revenue and volume terms. For sales conversion to volume, the average selling price (ASP) is kept constant throughout the forecast period for each country, and inflation is not a part of the pricing.
  • Step-3: Validate and Finalize: In this important step, all market numbers, variables and analyst calls are validated through an extensive network of primary research experts from the market studied. The respondents are selected across levels and functions to generate a holistic picture of the market studied.
  • Step-4: Research Outputs: Syndicated Reports, Custom Consulting Assignments, Databases & Subscription Platforms.
research-methodology
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Satellite Parts and Components Market Research FAQs

How big is the Global Satellite Parts and Components Market?

The Global Satellite Parts and Components Market size is expected to reach USD 272.58 billion in 2025 and grow at a CAGR of 8.91% to reach USD 417.72 billion by 2030.

What is the current Global Satellite Parts and Components Market size?

In 2025, the Global Satellite Parts and Components Market size is expected to reach USD 272.58 billion.

Who are the key players in Global Satellite Parts and Components Market?

General Dynamics, Lockheed Martin Corporation, Northrop Grumman Corporation, Thales and The Boeing Company are the major companies operating in the Global Satellite Parts and Components Market.

Which segment has the biggest share in the Global Satellite Parts and Components Market?

In the Global Satellite Parts and Components Market, the LEO segment accounts for the largest share by orbit class.

Which region has the biggest share in the Global Satellite Parts and Components Market?

In 2025, North America accounts for the largest share by region in the Global Satellite Parts and Components Market.

What years does this Global Satellite Parts and Components Market cover, and what was the market size in 2025?

In 2025, the Global Satellite Parts and Components Market size was estimated at 272.58 billion. The report covers the Global Satellite Parts and Components Market historical market size for years: 2017, 2018, 2019, 2020, 2021, 2022, 2023 and 2024. The report also forecasts the Global Satellite Parts and Components Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.

Satellite Parts and Components Market Research

Mordor Intelligence provides a comprehensive analysis of the satellite components and satellite parts industry. We leverage decades of expertise in technology market research. Our extensive coverage includes all major components of satellite systems, such as satellite subsystems, space hardware, and specialized satellite equipment. The report offers detailed insights into spacecraft subsystem developments and satellite hardware innovations. It also highlights emerging trends in space components. This information is available in an easy-to-download report PDF.

Stakeholders across the industry benefit from our thorough examination of satellite communication components and advanced satellite equipment technologies. The analysis covers everything from fundamental components of a satellite to sophisticated space hardware applications. It offers valuable insights for manufacturers, suppliers, and technology providers. Our research methodology ensures comprehensive coverage of satellite optical components, while focusing on practical applications and future growth opportunities in the global marketplace. The report delivers actionable intelligence on COTS components for satellites and emerging technological advancements, supporting strategic decision-making across the value chain.