Global Satellite Manufacturing and Launch Business Report, 2022-2024 and 2030: Earth, Lunar, Planetary, Stellar & Interstellar Discoveries Drive the Focus on Small Spacecraft (SmallSats) Launches

DUBLIN, Feb. 27, 2024 /PRNewswire/ — The “Satellite Manufacturing and Launch – Global Strategic Business Report” report has been added to  ResearchAndMarkets.com’s offering.

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

The global market for Satellite Manufacturing and Launch estimated at US$22.9 Billion in the year 2022, is projected to reach a revised size of US$28.6 Billion by 2030, growing at a CAGR of 2.8% over the analysis period 2022-2030. Satellite Manufacturing, one of the segments analyzed in the report, is projected to record 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 3.6% CAGR for the next 8-year period.

Competition in the satellite industry is multifaceted, with a diverse range of operators owning and operating small satellites, as evidenced by market data from 2021. The competitive landscape is further highlighted by the strong, active, niche, or trivial presence of 119 players worldwide in 2023, reflecting the industry’s dynamism. Notable startups in satellite technology contribute to the innovation ecosystem.

Market outlooks indicate growth prospects in satellite manufacturing and launch systems, driven by technological advancements and emerging trends reshaping the industry’s future. However, challenges such as the risk of collisions with space debris loom large amidst the recent massive growth in the satellite sector. Ongoing market activities underscore the continued momentum and evolution within the industry, with several world brands playing key roles in shaping its trajectory. 

The U.S. Market is Estimated at $14.1 Billion, While China is Forecast to Grow at 3.3% CAGR

The Satellite Manufacturing and Launch market in the U.S. is estimated at US$14.1 Billion in the year 2022. 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 3.3% over the analysis period 2022 to 2030.

Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2% and 2.4% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 3.1% CAGR.

MARKET OVERVIEW

Satellite Manufacturing and Launch: A Highly Dynamic DomainAs the Space Race Intensifies, Satellite Manufacturing Gathers Importance & UrgencyAs the Number of Satellites Operating in Space Increases, Satellite Building Becomes Big BusinessSatellite Companies Maneuver Various Approaches to Overcome Pandemic-Related Supply Chain Issue

MARKET TRENDS & DRIVERS

Emerging Use Cases Drive Demand for Complex and Economic Earth Observation Satellites: Opportunities in Store for Satellite Manufacturing & Launch CompaniesIncrease in the Number of Space Exploration Missions Drive New Satellite LaunchesDemand for Satellites to Increase Significantly through this Decade EndMammoth Gains for Small Satellites Step Up Manufacturing & Launch ActivityReduction in Spacecraft Structural Mass is the New Design Goal to Enable Increase in Payload & AgilitySmallSats Account for Increasing Share of Payload Mass Carried Up to Orbit from EarthCost Effective Access to Earth, Lunar, Planetary, Stellar & Interstellar Discoveries Drive the Focus on Small Spacecraft (SmallSats) LaunchesMini Satellites Emerge as the Future of Communications Supported by Greater Flexibility, Reduced Cost & Technology MaturityFrom Technology Development to Communications, Mission & Agenda for Satellite Launch Evolves & Undergoes Sea ChangesBy Pumping in Big Money, Governments Rise to the Forefront of the Space RaceNumber of Cubesats Launches: 2002-2022ERising Appeal of Satellite ConnectivityAI Ushers in New Era of Automation & Data-Wrenching in Satellite IndustrySmallsats All Set to Demonstrate ValueSmallsat Market Continues to Evolve RapidlyIndustry Witnesses Rise in Number of Companies Entering the Small Satellite SpaceRise in Small Satellite Deployments Drive Demand for Micro-Launcher ServicesLow Earth Orbit Technologies: A Landmark Innovation in Satellites to Fuel GainsDemand Up for Satellite Launch VehiclesKey Recent Satellite Technologies, Innovations, and TrendsRise in Demand for Satellite Internet of Things (IoT)Decluttering Space and Services In-Orbit SatellitesDevelopment of Advanced Ground SystemsArtificial Intelligence (AI) and Machine Learning (ML)Use of Advanced COTS EquipmentSatellite Networks Providers Enhance Throughput CapabilitiesAdvanced Payload SystemsSpacecraft PropulsionVery High Throughput Satellites (VHTS)Flexible Launch ServicesAdditive ManufacturingRobotics’ Usage in Space3D Printing Emerges as a Game Changing OptionCommunication Satellites Find Wider ApplicationSatellite Launches More Inclined Towards LEO Endeavors as Digitalization Trend Gains MomentumSatellite Platforms for Weather Monitoring & Forecasting: An OverviewContinuing Efforts by Military Organizations to Strengthen Satellite Networks to Drive GrowthTransforming Space Economy to Support Satellite Manufacturing and Launch MarketGrowing Satellite Population Accelerates Race for DataRemote Sensing Satellites Widen OpportunitiesKey ApplicationsFeasibility of Multi-Orbit Strategy Critical, Software-Defined Satellites Gain PopularityThe Market for Satellite Propulsion Solutions

FOCUS ON SELECT PLAYERS (Total 119 Featured)

Airbus SEArianeGroup SASBlue Origin, LLCDynetics, Inc.GeoOptics, Inc.Honeywell International, Inc.Innovative Solutions In Space B.V.Lockheed Martin CorporationMaxar Technologies, Inc.MITSUBISHI HEAVY INDUSTRIES LTD.Northrop Grumman Corp.OHB SERaytheon Technologies Corp.Sierra Nevada CorporationSpace Exploration Technologies Corp.Thales GroupThe Boeing CompanyViaSat, Inc.

For more information about this report visit https://www.researchandmarkets.com/r/lfsknp

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