Satellite Manufacturing and Launch

Satellite Manufacturing and Launch

Global Satellite Manufacturing and Launch Market to Reach US$28.6 Billion by 2030

The global market for Satellite Manufacturing and Launch estimated at US$23.6 Billion in the year 2023, is expected to reach US$28.6 Billion by 2030, growing at a CAGR of 2.8% over the analysis period 2023-2030. Satellite Manufacturing, one of the segments analyzed in the report, is expected to record a 2.5% CAGR and reach US$20.1 Billion by the end of the analysis period. Growth in the Launch Systems segment is estimated at 3.5% CAGR over the analysis period.

The U.S. Market is Estimated at US$14.5 Billion While China is Forecast to Grow at 3.2% CAGR

The Satellite Manufacturing and Launch market in the U.S. is estimated at US$14.5 Billion in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$2.5 Billion by the year 2030 trailing a CAGR of 3.2% over the analysis period 2023-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 2.0% and 2.2% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 3.1% CAGR.

Global Satellite Manufacturing and Launch Market - Key Trends & Drivers Summarized

Satellite manufacturing and launch are integral components of the space industry, facilitating the deployment of satellites for a multitude of applications, including communication, navigation, Earth observation, and scientific research. The process of satellite manufacturing involves the design, assembly, and testing of complex systems that must withstand the harsh conditions of space. This includes the integration of advanced technologies such as high-resolution cameras, communication transponders, power systems, and propulsion units. Manufacturers must ensure that satellites are lightweight yet robust, using materials like carbon fiber composites and specialized alloys to balance durability and performance. Rigorous testing procedures, including thermal vacuum tests and vibration tests, are conducted to ensure the satellite`s reliability and functionality in space.

The launch phase of satellite deployment involves transporting the satellite into orbit using launch vehicles, commonly known as rockets. This phase is critical and requires precise coordination and timing to place the satellite into its designated orbit, whether it be low Earth orbit (LEO), medium Earth orbit (MEO), or geostationary orbit (GEO). Advances in rocket technology have led to the development of more efficient and cost-effective launch vehicles. Innovations such as reusable rockets, pioneered by companies like SpaceX with their Falcon 9, have significantly reduced the cost of access to space. Additionally, the emergence of small satellite launchers has provided more opportunities for launching small satellites and cubesats, which are increasingly used for scientific, commercial, and educational purposes. These advancements have democratized space access, enabling a broader range of organizations, including startups and educational institutions, to participate in satellite missions.

The growth in the satellite manufacturing and launch market is driven by several factors, including the increasing demand for satellite-based services, advancements in satellite and launch vehicle technologies, and supportive government policies. The proliferation of high-speed internet, global navigation systems, and Earth observation applications has spurred the need for more satellites. Technological advancements, such as the miniaturization of satellite components and the development of high-throughput satellites (HTS), have enhanced the capabilities and cost-effectiveness of satellite missions. Moreover, the advent of new space launch providers and the innovation of reusable launch systems have reduced launch costs, making space more accessible. Government initiatives and international collaborations aimed at expanding space capabilities and infrastructure further support market growth. These factors collectively contribute to a dynamic and rapidly evolving market, underscoring the critical role of satellite manufacturing and launch in the expanding space economy.

Select Competitors (Total 119 Featured) -

• Airbus SE
• ArianeGroup SAS
• Blue Origin, LLC
• GeoOptics, Inc.
• Honeywell International, Inc.
• Innovative Solutions In Space B.V.
• Lockheed Martin Corporation
• Maxar Technologies, Inc.
• MITSUBISHI HEAVY INDUSTRIES LTD.
• Northrop Grumman Systems Corporation
• OHB SE
• Raytheon Technologies Corp.
• Sierra Nevada Corporation
• Space Exploration Technologies Corp.
• Thales Group
• The Boeing Company
• ViaSat, Inc.

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