The Satellite Manufacturing And Launch Systems Global Market Report 2023 by The Business Research Company, provides satellite manufacturing and launch systems market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten-year historic period – 2010-2021, and a ten-year forecast period – 2023-2032.
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According to The Business Research Company’s Satellite Manufacturing And Launch Systems Global Market Report 2023, the market size is expected to grow from $22.69 billion in 2022 to $25.09 billion in 2023 at a compound annual growth rate (CAGR) of 10.6%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of global satellite manufacturing and launch systems is expected to grow to $35.12 billion in 2027 at a CAGR of 8.8%.
The increased demand for satellites from the civil/government, commercial, and military sectors is significantly contributing to the growth of the satellite manufacturing and launch market. Satellite technologies are rapidly used by military forces around the world to enhance their defense resources. Various tests and experiments are being carried out by government organizations and defense forces across the world to launch space-attacking facilities. Ground-to-space war, like attacking satellites from the earth, space-to-space war, such as satellites attacking satellites, and space-to-earth war, such as satellites targeting earth-based objects, are all several types of space warfare.
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The satellite manufacturing and launch systems market is segmented:
1) By Technology Type: Satellite Manufacturing, Satellite Launch System
2) By Satellite Type: Lower Earth Orbit (LEO) Satellites, Medium Earth Orbit (MEO) Satellites, Geosynchronous Equatorial Orbit (GEO) Satellites, Beyond GEO Satellites
3) By Application: Commercial Communications, Government Communications, Earth Observation Services, Research and Development, Navigation, Military Surveillance, Scientific Applications, Other Applications
4) By End-User: Military and Government, Commercial, Other End-Users
The utilization of 3D technology in manufacturing is a key trend gaining popularity in the satellite manufacturing and the launch systems market. 3D printing makes available a final product to be generated directly through computer-aided drafting (CAD) designing. The 3D printing technology, frequently described as additive manufacturing, is used by the satellite industry to optimize cost, accelerate production, and increase performance. This technology is used to design and manufacture various components of satellites such as radiofrequency components, antennas, and others. For instance, in February 2021, Netherlands-based aerospace company, Airbus designed a radiofrequency component for its telecommunication satellite by using its additive layer manufacturing (ALM) technology also called 3D printing. Furthermore, In January 2022, Fleet space an Australian company developed the first fully 3D printed satellite Alpha, which launched in the next 12 months. Alpha had a major step forward and for the first time, a satellite has been created entirely through 3D printing. By bringing together the deployment, creation, and service of space technology this has become a global leader in space technology and supports Australia’s ambition to lead this critical field.
The satellite manufacturing and launch systems market report table of contents includes:
1. Executive Summary
2. Satellite Manufacturing And Launch Systems Market Characteristics
3. Satellite Manufacturing And Launch Systems Market Trends And Strategies
4. Satellite Manufacturing And Launch Systems Forwarding Market – Macro Economic Scenario
5. Satellite Manufacturing And Launch Systems Market Size And Growth
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26. Africa Satellite Manufacturing And Launch Systems Market
27. Satellite Manufacturing And Launch Systems Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Satellite Manufacturing And Launch Systems Market
29. Satellite Manufacturing And Launch Systems Market Future Outlook and Potential Analysis
30. Appendix
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