Contracts was the key Strategy Adopted by Leading Players to Grow in the Satellite Bus Market
Contracts was the key strategy adopted by companies to grow in the satellite bus market in 2016. Leading players, such as Airbus Group (Netherlands), Applied Aerospace Structures Corp. (US), The Boeing Company (US), Ball Corporation (US), China Academy of Space Technology (China), Honeywell International Inc. (US), Indian Space Research Organisation (India), Israel Aerospace Industries Ltd (Israel), Lockheed Martin Corporation (US), MacDonald, Dettwiler and Associates Ltd. (Canada), Mitsubishi Electric Corporation (Japan), NEC Corporation (Japan), Orbital ATK, Inc. (US), Surrey Satellite Technology Limited (UK), Sierra Nevada Corporation (US), Surrey Satellite Technology Limited (UK), and Thales Alenia Space (France) focus on securing design, manufacture, and supply contracts to expand their market reach, increase customer base, and enhance their service offerings. The satellite bus market was led by Orbital ATK, Inc. (US), Lockheed Martin Corporation (US), Thales Alenia Space (France), Airbus Group (Netherlands), and China Academy of Space Technology (China) in 2016.
Orbital ATK, Inc. (US), was the leader in the satellite bus market considering its overall product portfolio strength and business strategy excellence in 2016. It is a well-established player in the aerospace industry. The company’s strong technical expertise coupled with extensive R&D expenditure for the development of satellite bus provides the company an edge over its competitors in the satellite bus market.
Lockheed Martin Corporation (US), was also one of the influential players in the satellite bus market in 2016. The company has a diversified product/service portfolio, and focuses on securing contracts to represent and promote its inspection and mapping services in both, onshore and offshore industries.
Furthermore, Thales Alenia Space (France) was also one of the major players in the satellite bus market in 2016 due to its strong services portfolio. The company has been focusing on partnerships as a strategy to increase its service offerings and market share. In June 2017, Thales Alenia Space signed a USD 130 million contract from Inmarsat for the construction of the new communication Global Xpress (GX) satellite.
Airbus Group (Netherlands) was also one of the leading companies focusing on widening its product portfolio through innovative designs, and miniaturization of satellites and their components. In 2016, Airbus Defence and Space, a subsidiary of the Airbus Group, has signed an agreement with S. P. Korolev Rocket and Space Corporation for the development and manufacture of the advanced medium-class satellite platform or satellite bus.
Related Reports:
Satellite Bus Market by Subsystem (Structures & Mechanisms, Thermal Control, Electric Power, Attitude Control, Propulsion, Telemetry Tracking and Command (TT&C), Flight Software), Satellite Size, Application, and Region - Global Forecast to 2022
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