India Satellite Bus Market Size & Outlook, 2025-2030
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India satellite bus market highlights
- The India satellite bus market generated a revenue of USD 423.1 million in 2024 and is expected to reach USD 819.0 million by 2030.
- The India market is expected to grow at a CAGR of 11.7% from 2025 to 2030.
- In terms of segment, medium was the largest revenue generating size in 2024.
- Small is the most lucrative size segment registering the fastest growth during the forecast period.
Satellite bus market data book summary
| Market revenue in 2024 | USD 423.1 million |
| Market revenue in 2030 | USD 819.0 million |
| Growth rate | 11.7% (CAGR from 2025 to 2030) |
| Largest segment | Medium |
| Fastest growing segment | Small |
| Historical data | 2018 - 2023 |
| Base year | 2024 |
| Forecast period | 2025 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Large, Medium, Small, Nano |
| Key market players worldwide | Airbus SE, Honeywell International Inc, Lockheed Martin Corp, Northrop Grumman Corp, Thales Group, Ball Corporation, ISRO, Sierra Space, The Boeing Company |
Other key industry trends
- In terms of revenue, India accounted for 3.0% of the global satellite bus market in 2024.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China satellite bus market is projected to lead the regional market in terms of revenue in 2030.
- Australia is the fastest growing regional market in Asia Pacific and is projected to reach USD 582.9 million by 2030.
Medium was the largest segment with a revenue share of 76.39% in 2024. Horizon Databook has segmented the India satellite bus market based on large, medium, small, nano covering the revenue growth of each sub-segment from 2018 to 2030.
India’s satellite bus market, led by the Indian Space Research Organization (ISRO), is recognized globally for cost-effective and reliable satellite production. India focuses on satellites for communication, navigation, and earth observation, as well as ambitious missions such as lunar and interplanetary exploration. A growing private sector in space technology and government support in India is strengthening its role as a competitive satellite bus provider in the global market.
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Satellite Bus Market Scope
Satellite Bus Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Sierra Space | View profile | 1001-5000 | Louisville, Colorado, United States, North America | https://sierraspace.com |
| Ball Corporation | View profile | 10001+ | Broomfield, Colorado, United States, North America | http://ball.com |
| The Boeing Company | View profile | 10001+ | Arlington, Virginia, United States, North America | http://www.boeing.com |
| ISRO | View profile | 1001-5000 | Bangalore, Karnataka, India, Asia | https://www.isro.gov.in |
| Thales Group | View profile | 10001+ | Paris, Ile-de-France, France, Europe | http://www.thalesgroup.com |
| Northrop Grumman Corp | View profile | 101000 | 2980 Fairview Park Drive, Falls Church, VA, United States, 22042 | https://www.northropgrumman.com |
| Lockheed Martin Corp | View profile | 122000 | 6801 Rockledge Drive, Bethesda, MD, United States, 20817 | https://www.lockheedmartin.com |
| Airbus SE | View profile | 150093 | P.O. Box 32008, Leiden, ZH, Netherlands, 2303 DA | https://www.airbus.com |
| Honeywell International Inc | View profile | 95000 | 855 South Mint Street, Charlotte, NC, United States, 28202 | https://www.honeywell.com |
India satellite bus market size, by size, 2018-2030 (US$M)
India Satellite Bus Market Outlook Share, 2024 & 2030 (US$M)
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