Satellite Manufacturing and Launch Market Overview

The satellite manufacturing and launch market is forecasted to demonstrate a significant upsurge. The growing utilization of satellites for military surveillance is a key market driver. Market Research Future (MRFR) confirms that the global satellite manufacturing and launch market will escalate from USD 22.9 BN in 2022 to USD 57.33 BN by 2030, growing at a 14.01% CAGR throughout the review period (2023-2030).

The increasing demand for electro-optical imaging systems for their indelible efficacy of satellites on the battlefield boosts market revenues. Growing investments in SATCOM and ISR payloads provide impetus to satellite manufacturing and launch market growth. Additionally, continued effort and investments in improving navigation and intelligence systems influence the rise of the market.

The increasing demand for high-quality equipment by arm forces and electronic support to identify aerial, naval, and ground platforms of allies and opponents favor the market growth. The latest trend of connected battlefields and secure networking technologies drives the demand for advanced high-performance military communication. Furthermore, the increasing need to modernize aging satellites and equipment boosts the market growth.

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The emergence of adept technologies, advanced equipment and the availability of emergency communication services that offer effective alert and notification systems in emergencies are some factors that foster the market’s growth. Also, satellite communication that delivers accurate and real-time information to the military departments provides impetus to the market growth. 

The satellite manufacturing and launch market is predominantly based on government policy and defense budgets, which define the need to support ongoing operations and military exercises. Despite the tough economic context, nations continue to spend considerable sums on maintaining capable, wideband global satellite communications systems, encryption systems, firmware code, and anti-jamming defenses that the satellites use.

Competitive Analysis

This market appears highly competitive due to the presence of numerous well-established players. Innovations, mergers & acquisitions, and brand reinforcement remain key trends for leading players. These key players compete based on pricing, reputation, and services. Satellite manufacturing and launch market players address the demand with a wide range of purpose-built solutions for challenging environments.

Key Companies in the Satellite Manufacturing And Launch market include,

Airbus Defence and Space (Germany)

Boeing Defence

Space & Security (U.S.)

Orbital ATK (U.S.)

SSL (U.S.)

Lockheed Martin (U.S.)

ISS Reshetnev (Russia)

Arianespace (France)

ViaSat Inc. (U.S.)

Innovative Solutions in Space (Netherlands)

GeoOptics (Canada)

Market Segmentation

The market has been segmented into applications, end-users, and regions. The application segment is sub-segmented into military, commercial, and government. The end-user segment is sub-segmented into weather forecasts, internet services, and navigation. By region, the satellite manufacturing and launch market is segmented into Europe, Asia-Pacific, North America, and the rest of the world.

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Regional Analysis

Americas is the largest market for satellite manufacturing and launch. High investments by the U.S. government and space agencies in satellite manufacturing and developing reusable launch systems drive the market growth. Besides, several key players involved in satellite manufacturing and launch substantiate the market size.

Related reports:

Military Satellite Market Research Report Information By Orbit Type (Low Earth Orbit, Medium Earth Orbit, Geosynchronous Orbit), By Payload Type (Communication Payload, Navigation Payload, Imaging Payload And Others), By Satellite Type (Small Satellite, Medium-to-Heavy Satellite), By System (Electro-Optic/Infrared Sensor (EO/IS), Radar, SATCOM), By Application (ISR, Communication, Navigation) And By Region (North America, Europe, Asia-Pacific, And Rest Of The World) –Market Forecast Till 2032

Nano and Micro Satellite Market Research Report Information by Component (Hardware, Software Data Processing, Service and Launch Service), Mass (1 kg-10 kg and 11 kg-100 kg),Application (Earth Observation and Remote Sensing, Scientific Research, Communication, Academic Training, Mapping and Navigation, Biological Experiment, Technology Demonstration and Verification and Reconnaissance), End User (Defense, Commercial, Civil, Government, Maritime Transportation and Energy Infrastructure) and Region (North America, Europe, Asia-Pacific) –Market Forecast Till 2030

Remote Sensing Satellite Market Research Report Information By System, By Application, By End-User And By Region

Commercial Satellite Imaging Market Research Report Information By Application, By End-User, By Type And By Region

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