Global Satellite Manufacturing and Launch Systems Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Satellite Manufacturing and Launch Systems Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Market Overview:

The latest research study on the global Satellite Manufacturing and Launch Systems market finds that the global Satellite Manufacturing and Launch Systems market reached a value of USD 32741.83 million in 2022. It’s expected that the market will achieve USD 60221.69 million by 2028, exhibiting a CAGR of 10.69% during the forecast period.

Limitations

Satellites are vulnerable to many network securities threats. Most like satellites running on older versions of operating systems, such as Windows XP, it opens up technology gaps that malicious entities can exploit to destroy satellite services. With commercial advertising satellites, threats are likely to target military satellite communications (SATCOM) systems. This destructive threat could lead to chaos and disruption of global levels. This may affect the manufacturing and launch markets of satellites during the growth forecast period. However, technological developments will enable satellite manufacturers to mitigate these threats.

Opportunities

With the development of satellite constellation and formation flying fleet technology, cluster satellite constellation has become the research focus and development trend of the satellite industry. In particular, constellation based on micro-satellites will become the main means of satellite communications, earth observation and Internet of Things services. Small satellite constellation has the advantages of low cost, short period, high mobility, strong networking and new technology, which greatly improves the operation capability of global system networking. The constellation has brought great changes to the structure of space satellite system and promoted the integration of satellite communication, remote sensing, mobile data and Internet technology. Satellite communication effectively promotes the rapid development of new generation space technology. Especially after the emergence of new satellite cluster communication architecture, the data transmission rate of satellite communication increases, transmission delay decreases, and coverage expands.

Region Overview:

From 2023-2028, North America is estimated to witness robust growth prospects.

Company Overview:

Lockheed Martin is one of the major players operating in the Satellite Manufacturing and Launch Systems market, holding a share of 16.11% in 2018.

Lockheed Martin Corporation is a global security company that primarily researches, designs, develops, manufactures, and integrates advanced technology products and services. The Company businesses span space, telecommunications, electronics, information and services, aeronautics, energy, and systems integration. Lockheed Martin operates worldwide.

As a proven leader in the global aerospace sector, Airbus designs, produces and delivers innovative solutions with the aim to create a better-connected, safer and more prosperous world.

These cutting-edge products and services – which span the commercial aircraft, helicopter, defence, security and space segments – benefit from company wide-ranging expertise and continued emphasis on innovation. A commercial aircraft manufacturer, with Space and Defence as well as Helicopters Divisions, Airbus is the largest aeronautics and space company in Europe and a worldwide leader.

Segmentation Overview:

Among different product types, GEO segment is anticipated to contribute the largest market share in 2028.

Application Overview:

By application, the Military Surveillance segment occupied the biggest share from 2018 to 2022.

Key Companies in the global Satellite Manufacturing and Launch Systems market covered in Chapter 3:

OHB SE
Orbital ATK
Lockheed Martin
Axelspace
Dynetics
China Spacesat Co.,Ltd.
Boeing Defense Space & Security
Airbus Defense and Space
JSC Information Satellite Systems
SSL

In Chapter 4 and Chapter 14.2, on the basis of types, the Satellite Manufacturing and Launch Systems market from 2018 to 2029 is primarily split into:

LEO
GEO
MEO
Beyond GEO

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Satellite Manufacturing and Launch Systems market from 2018 to 2029 covers:

Commercial Communications
Earth Observation
Navigation
Military Surveillance
Scientific
Meteorology
Others

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)