Global Satellite Manufacturing And Launch Systems Market Overview And Prospects – Includes Satellite Manufacturing And Launch Systems Market Analysis
Learn about the global satellite manufacturing and launch systems market through The Business Research Company, which provides information on satellite manufacturing and launch systems market size, satellite manufacturing and launch systems market drivers and restraints, satellite manufacturing and launch systems market players, the COVID-19 impact on the satellite manufacturing and launch systems market, and more.
The global satellite manufacturing and launch systems market size is expected to grow from $20.49 billion in 2021 to $21.76 billion in 2022 at a compound annual growth rate (CAGR) of 6.2%. The satellite manufacturing and launch system market size is expected to grow to $28.00 billion in 2026 at a CAGR of 6.5%.
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.
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The satellite manufacturing and launch system market consists of sales of satellite manufacturing and launch by entities (organizations, sole traders, and partnerships) 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. satellite manufacturing and launch organizations deal with Low Earth Orbit (LEO), geostationary (GEO), and sun-synchronous orbit satellites and also manufacture satellites, and integration of satellite payloads into rockets, launch assembly systems, and other essential infrastructure.
Global satellite manufacturing and launch systems market segments include:
By Technology Type: Satellite Manufacturing, Satellite Launch System
By Satellite Type: Lower Earth Orbit (LEO) Satellites, Medium Earth Orbit (MEO) Satellites, Geosynchronous Equatorial Orbit (GEO) Satellites, Beyond GEO Satellites
By Application: Commercial Communications, Government Communications, Earth Observation Services, Research and Development, Navigation, Military Surveillance, Scientific Applications, Others
By End-User: Military and Government, Commercial, Others
By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, North America was the largest region in the satellite manufacturing and launch systems market in 2021
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.
Major Market Players: Northrop Grumman Corporation, ArianeGroup, Space Exploration Technologies Corp., Blue Origin, Lockheed Martin Corporation, The Boeing Company, Sierra Nevada Corporation, Thales Group, Maxar Technologies Inc., Dynetics Inc., Nano Avionics, Israel Aerospace Industries Ltd, and OHB SE.
Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Time Series: Five years historic (2016-21) and ten years forecast (2022-2026-2031)
The Satellite Manufacturing And Launch Systems Global Market Report 2022 – Market Size, Trends, And Global Forecast 2022-2026 is one of a series of new reports from The Business Research Company that provides satellite manufacturing and launch systems market overviews, analyzes and forecasts market size, share, satellite manufacturing and launch systems market players, satellite manufacturing and launch systems market segments and geographies, leading competitor revenues, profiles and market shares.
TBRC’s satellite manufacturing and launch systems market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
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