Overview and Scope
The satellite manufacturing and launch system refer to systems that are used for remote transmission, detection, inspection, communication, traffic control, and telemetry. A satellite is an artificially designed machine, placed in an earth’s orbit to perform various applications such as navigation, weather monitoring, and space telescopes. A launch vehicle is used to place a satellite into earth’s orbit.
Sizing and Forecast
The satellite manufacturing and launch systems market size has grown strongly in recent years. It will grow from $25.33 billion in 2023 to $27.8 billion in 2024 at a compound annual growth rate (CAGR) of 9.8%. The growth in the historic period can be attributed to space exploration and satellite deployments, defense and national security applications, commercial satellite communication services, increased demand for earth observation satellites, global navigation and positioning systems..
The satellite manufacturing and launch systems market size is expected to see strong growth in the next few years. It will grow to $39.75 billion in 2028 at a compound annual growth rate (CAGR) of 9.3%. The growth in the forecast period can be attributed to small satellite manufacturing and constellations, mega-constellations for global connectivity, rapid satellite deployment and replacement, space debris mitigation and sustainability, space mining and resource exploration, advanced satellite propulsion and power systems.. Major trends in the forecast period include 3d-printed satellite components, cubesat and nano-satellite technologies, on-orbit servicing and refueling capabilities, ai-driven satellite autonomous operations, satellite-as-a-service (saas) business models, reusable satellite launch systems..
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Segmentation & Regional Insights
The satellite manufacturing and launch systems market covered in this report 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
Top Major Players:
Northrop Grumman Corporation
ArianeGroup
Space Exploration Technologies Corp.
Blue Origin LLC
Lockheed Martin Corporation
North America was the largest region in the satellite manufacturing and launch systems market in 2023.
North America was the largest region in the satellite manufacturing and launch systems market in 2023. The Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the satellite manufacturing and launch systems market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
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Major Driver Impacting Market Growth
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. For instance, in May 2021, United Launch Alliance (ULA), launched the fifth Space-Based Infrared System satellite for the U.S. space force. With the help of its onboard infrared sensors, the $1 billion satellite, built by a US-based aerospace company, Lockheed Martin, is created to recognize and track plumes produced by missile launches throughout the world. Its abilities will allow the US to prepare for any imminent attacks. Therefore, increased demand for satellites from the civil/government, commercial, and military sectors is expected to drive the growth of the satellite manufacturing and launch market.
Key Industry Players
Major companies operating in the satellite manufacturing and launch systems market include Northrop Grumman Corporation, ArianeGroup, Space Exploration Technologies Corp., Blue Origin LLC, Lockheed Martin Corporation, The Boeing Company, Sierra Nevada Corporation, Thales Group, Maxar Technologies Inc., Dynetics Inc., NanoAvionics UAB, Israel Aerospace Industries Ltd., OHB SE, Airbus SE, China Aerospace Science and Technology Corporation, Mitsubishi Heavy Industries Ltd., SpaceQuest Ltd, GomSpace Group AB, Planet Labs Inc., United Launch Alliance LLC, Rocket Lab USA Inc., GeoOptics Inc., Honeywell International Inc., BAE Systems plc, Safran S.A., Parker Hannifin Corporation, Cobham plc., Kratos Defense & Security Solutions Inc.
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 Market – Macro Economic Scenario
5. Global Satellite Manufacturing And Launch Systems Market Size and Growth
….
31. Global Satellite Manufacturing And Launch Systems Market Competitive Benchmarking
32. Global Satellite Manufacturing And Launch Systems Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Satellite Manufacturing And Launch Systems Market
34.Satellite Manufacturing And Launch Systems Market Future Outlook and Potential Analysis
35. Appendix
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