Satellite payload also referred as piggybacking or hitchhiking is in general a module that has a communication circuitry of its own and can operate independently of the main spacecraft, but which shares the satellites power supply and transponder.

Portland, OR -- (SBWire) -- 09/25/2017 --Increased demand for hosted payload, satellite miniaturization, and software-defined payload for communication satellites. However, high development cost restraints the market growth. Also, scarce availability of the intellectual assets hinders the market growth. Top developed countries of the world are investing more into space exploration which is expected to provide lucrative opportunity for the market.

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The market for satellite payload is segmented into orbit type, payload type, vehicle type, payload weight, frequency band, application, and geography. By orbit type, it is divided into LEO, MEO, and GEO. By payload type, it is classified into communication, imaging, and navigation. By vehicle type, it is categorized into small, medium, and heavy. By payload weight, it is further segmented into low, medium, and high. The frequency band is segmented into C, K/KU/KA band, S & L band, X band, VHF & UHF band, and others. By application, it is classified into telecommunication, remote sensing, scientific research, surveillance, and navigation. By geography, it is analyzed across North-America, Europe, Asia-Pacific, and LAMEA.

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The key players mentioned in the report are Airbus Group, Boeing Company, Honeywell International Inc., Intelsat General Corporation, Lockheed Martin Corporation, Mitsubishi Electric Corporation, Orbital ATK, Inc., Raytheon Company, Thales Group, and Viasat, Inc.

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Satellite Payloads Market Key Segmentation:

BY ORBIT TYPE

- LEO
- MEO
- GEO

BY PAYLOAD TYPE

- Communication
- Imaging
- Navigation

BY VEHICLE TYPE

- Small
- Medium to Heavy

BY PAYLOAD WEIGHT

- Low
- Medium
- High