Authored By: Sarah
11 Jul 2024

 Satellite Manufacturing And Launch Market Size to grow by USD 3923.1 million between 2024-2028

According to a research report “ Satellite Manufacturing And Launch Market” by Application (Communication satellite, Military surveillance, Earth observation satellite, Navigation satellite, Others) Product (Satellite launch, Launch services) Geography (North America, Europe, APAC, South America, Middle East and Africa)- Global Forecast to 2028 published by Technavio, the market size is estimated to grow by USD 3923.1 million, at a CAGR of over 3.2% during the forecast period. The expense associated with satellite systems is predominantly attributed to launch and orbital placement. Precise positioning of satellites is crucial for maximizing their operational efficiency. Factors such as rocket type, payload size, and desired trajectory are essential considerations to ensure a successful deployment. Notably, launch service providers are investing heavily in research and development to create cost-effective launch solutions. Rocket Lab, a leading US-based company, has engineered an indigenous rocket, Electron, which promises to decrease both the financial investment and time required to launch satellites into orbit.

Browse market data tables, figures, and in-depth TOC on “Satellite Manufacturing And Launch Market” by Application (Communication satellite, Military surveillance, Earth observation satellite, Navigation satellite, Others) Product (Satellite launch, Launch services) Geography (North America, Europe, APAC, South America, Middle East and Africa) Global Forecast to 2028. Download Free Sample

 

By Application, the Communication satellite segment is projected to dominate the market size in 2024

The satellite launch market is characterized by robust demand for satellites serving diverse applications, including military surveillance, communications, navigation, and earth observation. The manufacturing of satellites necessitates a high degree of sophistication, making technologically advanced nations such as the US, Russia, China, France, and Japan dominant players in this sector. The emergence of small and nano-satellites has invigorated the market, prompting satellite manufacturers to optimize their production processes. RUAG Group is leveraging technologies from other industries to expand its satellite manufacturing capacity, while Boeing is integrating aircraft manufacturing technologies to bolster its satellite programs, addressing the pressing need for timely satellite delivery.

By Product, Satellite launch  segment is expected to hold the largest market size for the year 2024

The communication satellite sector represents a substantial portion of the global satellite manufacturing and launch market. Communication satellites are engineered to support diverse communication offerings, such as television broadcasting, telephony networks, internet access, and data transfer. In the realm of the international satellite manufacturing and launch industry, the communication satellite sector encompasses the creation, production, and deployment of satellites that enable long-distance communication worldwide. Typically positioned in Geostationary Earth Orbit (GEO) or Medium Earth Orbit (MEO), these satellites ensure consistent coverage and communication services. The escalating demand for dependable and superior communication services, including voice, data, and multimedia transmissions, fuels the market growth for communication satellites.

North America is forecasted to hold the largest market size by region in 2024

The satellite manufacturing and launch market represents a significant business opportunity, driven by the increasing demand for advanced communication, navigation, and Earth observation systems. Key players in this industry focus on innovating and optimizing satellite designs, manufacturing processes, and launch services to reduce costs and improve performance. Market growth is further fueled by ongoing investments in space exploration and the expanding use of satellites for various applications, including broadband connectivity, weather forecasting, and military surveillance.

The Satellite Manufacturing And Launch Market growth and forecasting report also includes detailed analyses of the competitive landscape of the market growth and forecasting and information about 20 market companies, including:

  • Airbus SE
  • Axelspace Corp.
  • Blue Origin Enterprises LP
  • GeoOptics Inc.
  • Honeywell International Inc.
  • Israel Aerospace Industries Ltd.
  • Leidos Holdings Inc.
  • Lockheed Martin Corp.
  • Maxar Technologies Inc.
  • Mitsubishi Electric Corp.
  • Northrop Grumman Corp.
  • OHB SE
  • RTX Corp.
  • Rocket Lab USA Inc.
  • RUAG International Holding Ltd.
  • Safran SA
  • Sierra Nevada Corp.
  • Space Exploration Technologies Corp.
  • Thales Group
  • The Boeing Co.
.

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Research Analysis Overview

The Satellite Manufacturing and Launch market encompasses the production and deployment of satellites for various applications, including Military and Government, Space Observation, Earth Observation, Communication, and more. Military and Government satellites are crucial for C4ISR (Command, Control, Communications, Computers, Intelligence, Surveillance, and Reconnaissance) integration, SATCOM (Satellite Communications), tactical data links, and tactical communication systems. Satellite Manufacturing Companies specialize in creating Communications Satellites for Internet and Telecommunications, GPS, and Space Warfare. These satellites play a significant role in defense forces and government agencies' military surveillance and space warfare. UAVs (Unmanned Aerial Vehicles) often rely on satellite data transmission for real-time intelligence services. Earth Observation satellites provide valuable data for industries, weather forecasting, and environmental monitoring. Space Observation satellites contribute to scientific research and discovery. The advancement of satellite mission technology continues to expand the capabilities of these essential tools, enabling new applications and services. Geostationary Orbit (GEO) satellites maintain a constant position above the Earth, ensuring uninterrupted coverage for various applications. Satellite Intelligence Services provide valuable insights from satellite data, enhancing situational awareness and decision-making capabilities. The Satellite Manufacturing and Launch market continues to evolve, driven by technological advancements and growing demand for satellite applications in both military and commercial sectors.

Market Research Overview

The Satellite Manufacturing and Launch market encompasses the production and deployment of small satellites for various applications, including orbital launch for satellite navigation, remote sensing, telemetry broadcasting, satellite communication, and satellite broadcasting. Infrastructure for satellite manufacturing includes launch assembly systems, rockets, and satellite payloads, which can be fueled by liquid fuel, gas-based, or electric propulsion. Key players in this market include Military and Government agencies, Space Observation organizations, and Commercial entities. Applications of satellite technology span from satellite navigation for GPS and weather forecast, to Earth Observation for UAVs and C4ISR integration, SATCOM for tactical data links and tactical communication systems, and satellite intelligence services for military warfare and defense forces. Satellite Manufacturing Companies specialize in communications satellites, satellite mission technology, and satellite data transmission. The market also includes the development of infrastructure for satellite manufacturing, such as propulsion hardware and solar arrays. Overall, the Satellite Manufacturing and Launch market plays a crucial role in advancing technology for military, government, and commercial applications.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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