Mexico Satellite Bus Market Size & Outlook, 2025-2030
Related Markets
Mexico satellite bus market highlights
- The Mexico satellite bus market generated a revenue of USD 74.2 million in 2024 and is expected to reach USD 105.4 million by 2030.
- The Mexico market is expected to grow at a CAGR of 6.1% from 2025 to 2030.
- In terms of segment, medium was the largest revenue generating size in 2024.
- Nano 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 74.2 million |
| Market revenue in 2030 | USD 105.4 million |
| Growth rate | 6.1% (CAGR from 2025 to 2030) |
| Largest segment | Medium |
| Fastest growing segment | Nano |
| 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, Mexico accounted for 0.5% 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 North America, U.S. satellite bus market is projected to lead the regional market in terms of revenue in 2030.
- Canada is the fastest growing regional market in North America and is projected to reach USD 548.8 million by 2030.
Medium was the largest segment with a revenue share of 72.51% in 2024. Horizon Databook has segmented the Mexico satellite bus market based on large, medium, small, nano covering the revenue growth of each sub-segment from 2018 to 2030.
Satellite bus adoption trends in Mexico are influenced by the country's increasing focus on space technology for economic development, telecommunications, disaster management, and environmental monitoring.
Mexico is investing in small satellite buses, particularly for Low Earth Orbit (LEO) applications. These buses are cost-effective, suitable for educational and research missions, and align with limited budgets compared to larger systems. Furthermore, emerging Mexican startups and private companies are investing in satellite technology, including satellite buses.
This has improved the demand for satellite bus in the market. The Federal Telecommunications Institute (IFT) and the Mexican Space Agency (AEM) regulate the satellite bus market in Mexico. IFT oversees licensing, spectrum allocation, satellite launch approvals, and service quality, while AEM establishes technical standards, promotes research and development, and ensures sustainability.
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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 |
Mexico satellite bus market size, by size, 2018-2030 (US$M)
Mexico Satellite Bus Market Outlook Share, 2024 & 2030 (US$M)
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