Satellite Manufacturing and Launch System Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

Satellite Manufacturing and Launch System Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

Report Format: PDF+Excel | Report ID: SR112023A2069
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Market Overview:

The global satellite manufacturing and launch system market size reached US$ 19.4 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 25.0 Billion by 2028, exhibiting a growth rate (CAGR) of 4.1% during 2023-2028.

A satellite is a human-made spacecraft manufactured to orbit the Earth and other celestial objects to retrieve and process topographical information. Satellites are usually made using light-weight metals such as titanium and aluminum, along with composites and alloys, including aluminum-beryllium and nickel-cadmium. Currently, satellite manufacturing and launch organizations deal with Low Earth Orbit (LEO), geostationary (GEO) and sun-synchronous orbit satellites, which are used for remote communication, sensing, surveillance, transmission, traffic control and telemetry.

Global Satellite Manufacturing and Launch System Market

The increasing utilization of satellites for military surveillance and related defense applications is one of the key factors driving the growth of the market. They are also used for various commercial applications, such as global positioning services (GPS), satellite-based telemetry and internet connectivity. Furthermore, a reduction in the overall launch costs of satellites is another factor providing a boost to the market growth. Additionally, miniaturization of satellites with increased payload capabilities is also creating a positive outlook for the market. These satellites are compact in size and enable additional load on a single launch vehicle, which enhances the profit margins for the organizations. They are considered as one of the most effective solutions for cost reduction while ensuring optimum performance. Apart from being used indirectly to operate larger satellites, they are also widely utilized by research institutes and universities for technology demonstration sessions. Other factors, including the utilization of 3D technology in the manufacturing process, along with the implementation of favorable government policies to promote space research and increasing investments in research and development (R&D) by the private sector, are projected to drive the market further. 

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global satellite manufacturing and launch system market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on segment, satellite type, application and end-use sector.

Breakup by Segment:

  • Satellite Manufacturing
  • Satellite Launch System
     

Breakup by Satellite Type:

  • LEO (Low Earth Orbit) Satellites
  • MEO (Middle Earth Orbit) Satellites
  • GEO (Geosynchronous Equatorial Orbit) Satellites
  • Beyond GEO Satellites
     

Breakup by Application:

  • Commercial Communications
  • Government Communications
  • Earth Observation Services
  • Research and Development
  • Navigation
  • Military Surveillance
  • Scientific Applications
  • Others
     

Breakup by End-Use Sector:

  • Military and Government
  • Commercial
  • Others
     

Breakup by Region:

  • North America
    • United States
    • Canada
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Indonesia
    • Others
  • Europe
    • Russia
    • France
    • Germany
    • United Kingdom
    • Italy
    • Spain
    • Others
  • Latin America
    • Brazil
    • Mexico
    • Others
  • Middle East and Africa


Competitive Landscape:

The report has also analysed the competitive landscape of the market with some of the key players being Airbus SE, Arianespace SA, Blue Origin LLC, Boeing, Geooptics Inc., Innovative Solutions in Space (ISISPACE) Group, Lockheed Martin Corporation, Northrop Grumman Corporation., Raytheon Company, Space Exploration Technologies Corporation, Thales Group, Viasat Inc., etc.

Report Coverage:

Report Features Details
Base Year of the Analysis 2022
Historical Period 2017-2022
Forecast Period 2023-2028
Units US$ Billion
Segment Coverage Segment, Satellite Type, Application, End-Use Sector, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered Airbus SE, Arianespace SA, Blue Origin LLC, Boeing, Geooptics Inc., Innovative Solutions in Space (ISISPACE) Group, Lockheed Martin Corporation, Northrop Grumman Corporation., Raytheon Company, Space Exploration Technologies Corporation, Thales Group and Viasat Inc.
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 2499
Five User License: US$ 3499
Corporate License: US$ 4499
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

Key Questions Answered in This Report

The global satellite manufacturing and launch system market was valued at US$ 19.4 Billion in 2022.

We expect the global satellite manufacturing and launch system market to exhibit a CAGR of 4.1% during 2023-2028.

The sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown regulations across several nations, resulting in the temporary closure of numerous satellite manufacturing launch systems.

The rising adoption of satellites for military surveillance and related defense applications, along with the increasing focus on reducing the overall launch costs of satellites, is primarily driving the global satellite manufacturing and launch system market.

Based on the segment, the global satellite manufacturing and launch system market can be categorized into satellite manufacturing and satellite launch system. Currently, satellite manufacturing accounts for the majority of the global market share.

Based on the application, the global satellite manufacturing and launch system market has been segregated into commercial communications, government communications, earth observation services, research and development, navigation, military surveillance, scientific applications, and others. Among these, commercial communications currently hold the largest market share.

Based on the end-use sector, the global satellite manufacturing and launch system market can be bifurcated into military and government, commercial, and others. Currently, the military and government sector exhibits a clear dominance in the market.

On a regional level, the market has been classified into North America, Asia Pacific, Europe, Latin America, and Middle East and Africa, where North America currently dominates the global market.

Some of the major players in the global satellite manufacturing and launch system market include Airbus SE, Arianespace SA, Blue Origin LLC, Boeing, Geooptics Inc., Innovative Solutions in Space (ISISPACE) Group, Lockheed Martin Corporation, Northrop Grumman Corporation., Raytheon Company, Space Exploration Technologies Corporation, Thales Group, and Viasat Inc.

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Satellite Manufacturing and Launch System Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
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