South Korea Satellite Bus Market, By Subsystem, Forecast to 2027

Year ELECTRIC POWER SYSTEM (EPS) STRUCTURES & MECHANISMS PROPULSION THERMAL CONTROL ATTITUDE CONTROL SYSTEM FLIGHT SOFTWARE TELEMETRY TRACKING AND COMMAND (TT&C)
2018 $ 28.04 $ 22.81 $ 20.19 $ 8.32 $ 22.55 $ 5.58 $ 23.08
2019 $ 30.81 $ 24.54 $ 21.86 $ 8.96 $ 24.38 $ 6.21 $ 25.2
2020 $ 33.08 $ 25.81 $ 23.15 $ 9.44 $ 25.76 $ 6.77 $ 26.89
2021 $ 35.41 $ 27.06 $ 24.43 $ 9.91 $ 27.13 $ 7.34 $ 28.61
2022 $ 38.43 $ 28.77 $ 26.16 $ 10.56 $ 28.99 $ 8.07 $ 30.87
2023 $ 41.83 $ 30.67 $ 28.08 $ 11.27 $ 31.06 $ 8.9 $ 33.4
2024 $ 45.65 $ 32.78 $ 30.23 $ 12.07 $ 33.37 $ 9.83 $ 36.24
2025 $ 50.01 $ 35.17 $ 32.66 $ 12.97 $ 35.98 $ 10.89 $ 39.48
2026 $ 55.01 $ 37.89 $ 35.45 $ 14.0 $ 38.97 $ 12.12 $ 43.18
2027 $ 60.78 $ 40.99 $ 38.64 $ 15.17 $ 42.39 $ 13.54 $ 47.44
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South Korea Satellite Bus Market, By Subsystem, Forecast to 2027

Synopsis
The above chart is South Korea Satellite Bus Market, By Subsystem, Forecast to 2027

Market Dynamics

south korea has emerged as a major player in the satellite bus market, with its advanced technological capabilities and strong government support. a satellite bus, also known as the satellite structure or platform, is the backbone of a satellite that carries and supports all its subsystems. it is essentially the spacecraft's "body" and provides the necessary structural stability, power, and thermal control for the satellite's functionality. the south korean government has been proactively investing in the development of its satellite industry, with a focus on launching its own satellites for various applications such as communication, remote sensing, and navigation. this has led to the growth of the demand for satellite buses in the country. one of the key subsystems of a satellite bus is the attitude control system (acs), which is responsible for maintaining the orientation and stability of the satellite in space. the south korean government has invested heavily in the development of advanced acs technologies, including star trackers, gyroscopes, and reaction wheels. these technologies have enabled the country to successfully launch and operate its own satellites, such as the arirang-3 and arirang-5 earth observation satellites. another important subsystem is the command and data handling (c&dh) system, which is responsible for receiving and processing commands from the ground station and transmitting data back to earth. south korea has made significant advancements in c&dh technologies, with a focus on developing efficient and reliable systems. this has enabled the country to effectively control and operate its satellites from the ground station. the power subsystem, which provides the necessary electrical power to the satellite's systems, is also crucial for the success of a satellite mission. south korea has been investing in the development of lightweight and efficient solar panels and batteries, which are key components of the power subsystem. these advancements have not only enabled the country to successfully launch and operate satellites but also reduce the cost of satellite missions. the thermal control subsystem is responsible for maintaining the temperatures of the satellite's components within their operational limits. south korea has been developing advanced thermal control technologies, such as passive radiators and active thermal control units, to ensure the stability and longevity of its satellites. in conclusion, the demand for satellite buses in south korea is driven by the country's focus on developing and launching its own satellites. the advancements in various subsystems, such as acs, c&dh, power, and thermal control, showcase the country's capabilities and potential in the satellite industry. with continued government support and investments, south korea is expected to become a major competitor in the global satellite bus market.

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