Satellite Payloads Market

Contract Was the Key Strategy Adopted by Leading Players to Achieve Growth in the Satellite Payloads Market

Contracts were widely adopted as a growth strategy by the industry players in the satellite payloads market. This strategy was adopted by the leading players to enhance their market penetration and increase their service offerings. Airbus Defence and Space (France), Boeing (U.S.), Thales Group (France), Lockheed Martin Corporation (U.S.), and Mitsubishi Electric Corporation (Japan) are some of the leading players that adopted this strategy to develop their business.

The satellite payloads market was dominated by Airbus Defence and Space (France), Boeing (U.S.), Thales Group (France), and Lockheed Martin Corporation (U.S.) in 2016. Airbus Defence and Space is a leading player in the satellite payloads market, considering its overall product offering and business strategy. The company has diversified product/service portfolio and focuses on entering into contracts across regions to represent and promote its inspection and mapping services for both onshore and offshore industries. In February 2017, the company has signed a contract with the German Aerospace Center (DLR) to develop and build the payload and the payload ground segment of the German input to the German-French Earth observation mission called MERLIN (Methane Remote Sensing Lidar Mission).

Boeing is another major player in the satellite payloads market with a strong service portfolio. The company is focusing on contracts to increase its service offerings and market share. In May 2016, Boeing was awarded a contract for the development of GPS 3 positioning, navigation, and timing satellites and payloads by the U.S. Air Force.

Thales Group, also one of the leading companies in the satellite payloads market, focuses on widening its product portfolio through the use of innovative designs and miniaturization. In October 2016, Thales was awarded a contract to supply a satellite navigation system called KASS (Korea Augmentation Satellite System) by the South Korean space agency KARI (Korea Aerospace Research Institute).

Related Reports:

Satellite Payloads Market by Orbit Type (LEO, MEO, GEO), Payload Type (Communication, Imaging, Navigation), Vehicle Type (Small, Medium to Heavy), Payload Weight (Low, Medium, High), Frequency Band, Application, & Region - Global Forecasts to 2022

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Report Code
AS 5262
Published ON
May, 2017
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