Reaction Wheel (satellite) Market Size, Share & Growth

Overview

The Reaction Wheel for Satellite market is projected to grow from USD 242.38 million in 2024 to USD 715.88 million by 2029, at a CAGR of 24.18% from 2024 to 2029. The reaction wheel market is growing fast on account of the growing requirements for high-performance attitude control systems for satellites. Reaction wheels constitute a important part of a space vehicle and are used to grant precise three-axis control using no external torque sources that could be in the nature of rockets or propellants. The characteristic is in increasing demand as the focus in modern space applications becomes lightweight and highly efficient systems. Satellites' development trend evolves toward miniaturization and integration with next-generation platforms. This improves the efficiency of operations and capabilities for missions.

Production of reaction wheel innovation investment into high-performance reaction wheel technology; and performance and reliability improve manufacturing, among which, the trend towards miniaturized reaction wheels that fit increasing numbers of small and micro satellites that use multiple attitude control devices in the quest for even greater functionality, with higher interests in satellite constellations in various uses for communications, Earth observation, and navigation systems drive market growth.

Report Description

Exhaustive secondary research was done to collect information on the Reaction Wheel for satellite Market, its adjacent markets, and its parent market. The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain through primary research. Demand-side analyses were carried out to estimate the overall size of the market. Both, top-down and bottom-up approaches were employed to estimate the complete market size. Thereafter, market breakdown and data triangulation were used to estimate the size of segments and subsegments.

Secondary Research

In the secondary research process, various secondary sources, such as D&B Hoovers, Bloomberg, BusinessWeek, and different magazines were referred to identify and collect information for this study. Secondary sources also included annual reports, press releases & investor presentations of companies, certified publications, articles by recognized authors, and component research papers.

Primary Research

Extensive primary research was conducted after R&D and acquiring information regarding the reaction wheel for satellite market scenario through secondary research. The reaction wheel for satellite market is being driven by a range of stakeholders, OEMs, Spare Parts/Maintenance/Repair/Service and Solution Providers, Regulatory Bodies, and governments of various countries. The demand-side of this market is characterized by various end users, such as reaction wheel for satellite manufacturers and service providers. Various primary sources from both, the supply and demand sides of the market were interviewed to obtain qualitative and quantitative information. Following is the breakdown of primary respondents.

Market Size Estimation

Both, the top-down and bottom-up approaches were used to estimate and validate the total size of the reaction wheel for satellite Market. These methods were also used extensively to estimate the size of various subsegments in the market. The research methodology used to estimate the market size includes the following:

• The key players in the industry and markets were identified through extensive secondary research.
• The industry’s supply chain and market size, in terms of value, were determined through primary and secondary research processes.
• All percentage shares, splits, and breakdowns were determined using secondary sources and verified through primary sources.

Data Triangulation

After arriving at the overall market size from the market size estimation process, the total market has been split into several segments. To complete the overall market engineering process and arrive at the exact statistics for market segments, the data triangulation procedure has been implemented, wherever applicable. The data has been triangulated by studying various factors and trends from both the demand and supply sides. Along with this, the market size has been validated using both top-down and bottom-up approaches.

Report Objectives

• To define, describe, segment, and forecast the size of the reaction wheel for satellite market based on Product Type, Technology Type , Reaction Wheel Mass, Satellite Type, Angular Momentum And Region
• To forecast the size of different segments of the market for four key regions, namely, North America, Europe, Asia Pacific, Middle East and Rest of the World along with their key countries.
• To identify and analyze the key drivers, restraints, opportunities, and challenges influencing the growth of the market
• To identify technology trends currently prevailing in the Reaction Wheel for satellite Market
• To analyze micromarkets for individual growth trends, prospects, and their contribution to the overall market
• To analyze opportunities in the market for stakeholders by identifying the key market trends
• To profile the leading market players and comprehensively analyze their market share and core competencies
• To analyze the degree of competition in the market by identifying the key growth strategies, such as acquisitions, contracts, and partnerships, adopted by the leading market players
• To identify detailed financial positions, key products, and unique selling points of the leading companies in the market
• To provide a detailed competitive landscape of the market, along with a ranking analysis, market share analysis, and revenue analysis of the key players

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Scope of the Report

The study categorizes the Reaction Wheel for satellite Market based on Product Type, Technology Type , Reaction Wheel Mass, Satellite Type, Angular Momentum and Region.

• By Product Type
  • Single-Axis
  • Multi-Axis
  • Redundant

• By Technology Type
  • Magnetic Suspension
  • Standard Mechanical

• By Reaction Wheel Mass
  • Less Than 5 Kg
  • 5–15 Kg
  • More Than 15 Kg

• By Satellite Type
  • Small Satellites
    • Cube Sats
    • Nano
    • Micro
    • Mini
  • Medium Satellites
  • Large Satellites

• By Angular Momentum
  • Less Than 10 Nms
  • 10–50 Nms
  • More Than 50 Nms

• By Region
  • North America
    • US
    • Canada
  • Europe
    • UK
    • France
    • Germany
    • Italy
  • Asia Pacific
    • India
    • Japan
    • Australia
  • Middle East
    • GCC Countries
      • Saudi Arabia
      • UAE
    • Israel
    • Turkey

Available Customizations

MarketsandMarkets offers the following customizations for this market report:

Company Information

• Profiling of additional market players (up to 25)

Product Analysis

• Product matrix, which provides a detailed comparison of the product portfolio of each company in the Reaction Wheel for satellite Market