Satellite Manufacturing And Launch Market Report

Satellite Manufacturing And Launch Market Report

Satellite Manufacturing And Launch Market Report
Report code - SR3529 Delivery - 2 Weeks
Satellite Manufacturing and Launch Market Size, Share, Trend, Forecast, Competitive Analys See more...

Market Insights

“The Satellite Manufacturing and Launch Market size was US$ 177.8 Billion in 2023 and is likely to grow at a strong CAGR of 11.0% in the long run to reach US$ 369.1 Billion in 2030.”

Market Dynamics

Introduction
The Satellite Manufacturing and Launch Market is now in a growth state due to several essential factors. Technological developments in series production of launch vehicles and greater competition among space providers have significantly reduced launching to orbit cost, thereby making the space environment more inviting to deploy satellites often. Thus, the tendency in the development of modern multiservice satellites - communication, observation of the Earth's surface, and scientific research is connected with more efficient performance and new technologies. Thirdly, there is a perspective of activity in space exploration with an increase in private companies' investments, which further develops the technological level of satellite construction and launch services.

Segments Analysis

Segmentations

List of Sub-Segments

Segments with High Growth Opportunity

Type Analysis

Satellite Manufacturing and Satellite Launch Systems

The Satellite Launch Systems segment is anticipated to achieve the highest growth rate in the upcoming years.

Application Type Analysis

Communication Satellite, Military Surveillance, Navigation Satellite, Earth Observation Satellite, and Others

Communication Satellite is anticipated the largest and most enduring segment and is expected to grow during the forecast period.

Region Analysis

North America, Europe, Asia-Pacific, and The Rest of the World

North America is the fastest-growing region in the Satellite Manufacturing and Launch Market.

 

 

By Type

It is expected that satellite launch systems will grow the most in the type during the forecast period.

  • The market is segmented into Satellite Manufacturing and Satellite Launch Systems.
  • The satellite launch systems segment is anticipated to achieve the highest growth rate. This growth is the result of consumer demands for reusable launch systems, which are cheaper to utilize when launching satellites.
  • The satellite launch services segment is also experiencing growth due to its applications in military surveillance, communications, navigation, and earth observation.
  • There is a need to innovate advanced satellite systems and components because the global demand for satellite communication and surveillance is increasing.

By Application Type

Communication Satellite will maintain its dominance and show maximum growth in the segment.

  • The market is segmented into Communication Satellite, Military Surveillance, Navigation Satellite, Earth Observation Satellite, and Others.
  • Communication Satellite is anticipated the largest and most enduring segment and is expected to grow due to rising demand for satellite internet services and high data transmission speeds.
  • Most of the growth in this segment is driven by the need to have proper and efficient means of communication including television broadcasting, telephone networks, and internet connectivity, especially in the more remote areas.
  • The navigation satellite segment is also expanding mainly because of the growing use of GNSS for multiple business and defense purposes further advancing in development.

Regional Analysis

The market for satellite manufacturing and launch systems is growing rapidly in the Asia-Pacific region.

  • The market is segmented into North America, Europe, Asia-Pacific, and The Rest of the World.
  • The North American region continues to experience growth due to increased funding by the US government as well as satellites of the major space agencies all over the world especially in manufacturing satellites and reusable launch vehicles.
  • The region of Asia Pacific is forecasted to demonstrate the optimal growth throughout the forecast period due to the developing satellite launch capabilities and program.
  • European region is also expected to grow over the period with industry giants including Airbus and Arianespace who are engaging in the market’s advancement.

Key Players

The Satellite Manufacturing and Launch Market is fragmented, with the top players accounting for a significant but not dominant share of the overall market, presence of a diverse set of manufacturers, both large and small, contributes to the fragmented nature of this market. The following are the key players in the Satellite Manufacturing and Launch Market.  

Here is the list of the Top Players (Based on Dominance)

  • Airbus S.A.S
  • Boeing
  • Lockheed Martin Corporation
  • Space Exploration Technologies Corp. (SpaceX)
  • Arianespace
  • Northrop Grumman Systems Corp.
  • Maxar Technologies
  • Thales Group
  • Raytheon Technologies Corp.
  • Mitsubishi Electric Corp.

Note: The above list does not necessarily include all the top players of the market.

Are you the leading player in this market? We would love to include your name. Write to us at [email protected]

Report Features

This report provides market intelligence most comprehensively. The report structure has been kept such that it offers maximum business value. It provides critical insights into market dynamics and will enable strategic decision-making for existing market players as well as those willing to enter the market. The following are the key features of the report:

  • Market structure: Overview, industry life cycle analysis, supply chain analysis.
  • Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis.
  • Market trend and forecast analysis.
  • Market segment trend and forecast.
  • Competitive landscape and dynamics: Market share, Service portfolio, New Product Launches, etc.
  • COVID-19 impact and its recovery curve.
  • Attractive market segments and associated growth opportunities.
  • Emerging trends.
  • Strategic growth opportunities for the existing and new players.
  • Key success factors.

The global Satellite Manufacturing and Launch Market is segmented into the following categories. 

Satellite Manufacturing and Launch Market, by Type

  • Satellite Manufacturing (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
  • Satellite Launch Systems (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

Satellite Manufacturing and Launch Market, by Application Type

  • Communication Satellite (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
  • Military Surveillance (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
  • Navigation Satellite (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
  • Earth Observation Satellite (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
  • Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

Satellite Manufacturing and Launch Market, by Region

  • North America (Country Analysis: The USA, Canada, and Mexico)
  • Europe (Country Analysis: Germany, France, The UK, Russia, and Rest of Europe)
  • Asia-Pacific (Country Analysis: Japan, China, India, and Rest of Asia-Pacific)
  • Rest of the World (Country Analysis: Brazil, Saudi Arabia, and Others)

Research Methodology

  • This strategic assessment report from Stratview Research provides a comprehensive analysis that reflects today’s Satellite Manufacturing and Launch Market realities and future market possibilities for the forecast period. 
  • The report segments and analyzes the market in the most detailed manner to provide a panoramic view of the market.
  • The vital data/information provided in the report can play a crucial role for market participants as well as investors in the identification of the low-hanging fruits available in the market as well as to formulate growth strategies to expedite their growth process.
  • This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools.
  • More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles, have been leveraged to gather the data.
  • We conducted more than 15 detailed primary interviews with market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.

Report Customization Options

With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

Company Profiling

  • Detailed profiling of additional market players (up to three players)
  • SWOT analysis of key players (up to three players)

Competitive Benchmarking

  • Benchmarking of key players on the following parameters: Service portfolio, geographical reach, regional presence, and strategic alliances

Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry to [email protected]

The Satellite Manufacturing and Launch Market is forecasted to reach $369.1 billion by 2030, growing at a CAGR of 11% from 2023 to 2030.

North America dominates the satellite manufacturing and launch market mainly due to the participation of key aerospace firms and huge government spending on space-related initiatives. The region is likely to continue dominating throughout the forecast period owing to the technological enhancements in satellite and a rise in demand for the services too.

The expansion of the satellite manufacturing and launch market is mainly engendered by the rise in the necessity of services that satellites provide, including telecommunications, earth observation, navigation, and scientific exploration. Other driving forces in the market include emerging technologies, low costs of launching, and increases in the use of small satellites.

Technological advancements, such as reusable launch vehicles, miniaturization of satellite components, and improved propulsion systems, are reducing costs and increasing the efficiency of satellite launches. These innovations are making space more accessible for both commercial and governmental entities.