Dublin, Aug. 23, 2022 (GLOBE NEWSWIRE) -- The "Satellite Manufacturing And Launch Systems Global Market Report 2022" report has been added to ResearchAndMarkets.com's offering.
The global satellite manufacturing and launch systems market 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 systems market is expected to grow to $28.00 billion in 2026 at a CAGR of 6.5%.
Major players in the satellite manufacturing and launch systems market are 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.
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.
The main technology types in the satellite manufacturing and launch systems market are satellite manufacturing and satellite launch system. The prime contractor and manufacturer of the satellite that is a party to the satellite purchase agreement are referred to as the satellite manufacturer. Satellite manufacturing and launch systems are Lower Earth Orbit (LEO) Satellites, Medium Earth Orbit (MEO) Satellites, Geosynchronous Equatorial Orbit (GEO) Satellites, and Beyond GEO Satellites types that have applications in commercial communications, government communications, earth observation services, research and development, navigation, military surveillance, scientific applications, other applications and can be used by military and government, commercial and other end-users.
North America was the largest region in the satellite manufacturing and launch systems market in 2021. The Asia Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the satellite manufacturing and launch systems market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
The satellite manufacturing and launch systems market research report is one of a series of new reports that provides satellite manufacturing and launch systems market statistics, including satellite manufacturing and launch systems industry global market size, regional shares, competitors with a satellite manufacturing and launch systems market share, detailed satellite manufacturing and launch systems market segments, market trends and opportunities, and any further data you may need to thrive in the satellite manufacturing and launch systems industry. This satellite manufacturing and launch systems market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
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. Satellite technologies are rapidly used by military forces around the world to enhance their defense resources. Various tests and experiments are being carried out by government organizations and defense forces across the world to launch space-attacking facilities. Ground-to-space war, like attacking satellites from the earth, space-to-space war, such as satellites attacking satellites, and space-to-earth war, such as satellites targeting earth-based objects, are all several types of space warfare. Therefore, increased demand for satellites from the civil/government, commercial, and military sectors is expected to drive the growth of the satellite manufacturing and launch market.
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.
The countries covered in the satellite manufacturing and launch systems market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Key Topics Covered:
1. Executive Summary
2. Satellite Manufacturing And Launch Systems Market Characteristics
3. Satellite Manufacturing And Launch Systems Market Trends And Strategies
4. Impact Of COVID-19 On Satellite Manufacturing And Launch Systems
5. Satellite Manufacturing And Launch Systems Market Size And Growth
5.1. Global Satellite Manufacturing And Launch Systems Historic Market, 2016-2021, $ Billion
5.1.1. Drivers Of The Market
5.1.2. Restraints On The Market
5.2. Global Satellite Manufacturing And Launch Systems Forecast Market, 2021-2026F, 2031F, $ Billion
5.2.1. Drivers Of The Market
5.2.2. Restraints On the Market
6. Satellite Manufacturing And Launch Systems Market Segmentation
6.1. Global Satellite Manufacturing And Launch Systems Market, Segmentation By Technology Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
- Satellite Manufacturing
- Satellite Launch System
6.2. Global Satellite Manufacturing And Launch Systems Market, Segmentation By Satellite Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
- Lower Earth Orbit (LEO) Satellites
- Medium Earth Orbit (MEO) Satellites
- Geosynchronous Equatorial Orbit (GEO) Satellites
- Beyond GEO Satellites
6.3. Global Satellite Manufacturing And Launch Systems Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
- Commercial Communications
- Government Communications
- Earth Observation Services
- Research and Development
- Navigation
- Military Surveillance
- Scientific Applications
- Other Applications
6.4. Global Satellite Manufacturing And Launch Systems Market, Segmentation By End User, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
- Military and Government
- Commercial
- Other End Users
7. Satellite Manufacturing And Launch Systems Market Regional And Country Analysis
7.1. Global Satellite Manufacturing And Launch Systems Market, Split By Region, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
7.2. Global Satellite Manufacturing And Launch Systems Market, Split By Country, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
Companies Mentioned
- 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.
- NanoAvionics
- Israel Aerospace Industries Ltd.
- OHB SE
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