What Are The Growth Prospects For The Satellite Manufacturing And Launch Systems Market?
The satellite manufacturing and launch systems market size exhibited strong growth over recent years. It is projected to surge from $27.25 billion in 2024 to $29.84 billion in 2025 at a compound annual growth rate (CAGR) of 9.5%. This growth pace in the historic period can be attributed to rising interest in space exploration and satellite deployments, an increase in applications in defense and national security, and the heightened demand for global positioning and navigation systems, among others.
The market size is set for robust growth in the forthcoming years, projected to reach $42.11 billion in 2029 at a compound annual growth rate (CAGR) of 9.0%. Factors contributing to this forecast growth include the increasing production of small satellite constellations, rapid satellite deployment and replacement, advancements in satellite propulsion, and the emergence of satellite-as-a-service business models.
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What Factors Are Fueling The Satellite Manufacturing And Launch Systems Market Growth?
The growing demand for satellites from civil/government, commercial, and military sectors plays a significant role in boosting the growth of the satellite manufacturing and launch market. Various government organizations and defense forces worldwide are conducting tests and experiments to launch space-attacking facilities. This increased demand for satellites is instrumental in propelling the growth of the satellite manufacturing and launch market.
What Are The Key Segments In The Satellite Manufacturing And Launch Systems Market?
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
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Who Are The Major Players In The Satellite Manufacturing And Launch Systems Market?
Significant 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.
What Are The Emerging Trends In The Satellite Manufacturing And Launch Systems Market?
The adoption of 3D technology in manufacturing is a key trend gaining traction in the satellite manufacturing and the launch systems market. 3D printing enables the direct creation of a final product through computer-aided drafting (CAD) designing. This technology is increasingly being employed in the satellite industry to optimize cost, expedite production, and enhance performance.
Which Region Holds The Largest Share In The Satellite Manufacturing And Launch Systems Market?
In 2024, North America held the largest share of the market. However, rapid market growth is expected in the Asia-Pacific region during the forecast period. Other regions covered in the report include Western Europe, Eastern Europe, South America, Middle East, and Africa.
What Does The Satellite Manufacturing And Launch Systems Market Report 2025 Offer?
The Satellite Manufacturing And Launch Systems Market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities. The satellite manufacturing and launch system include systems 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.
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