Industry Background:
Satellites are systems that launched into space to offer various services. It is designed specifically as per their intended application. Satellite offers different services including communications, remote sensing, telemetry, surveillance, and others. According to the orbit, location satellites are also diversified into LEO satellites, Sun-synchronous Orbit satellites, and GEO satellites. Based on the size of satellite it is classified into large, medium-sized, mini, micro, nano, pico, and femto-satellites. Huge demand in of satellites for military and defense applications will help to boost global satellite manufacturing and launch market.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
High Growth Market | Asia- Pacific |
Unit | Value (USD Million) |
Key Companies Profiled | Arianespace (France), Lockheed Martin (United States), SpaceX (United States), Thales Group (France), Airbus Defence and Space (Germany), Boeing Defence (United States), GeoOptics (Canada), Innovative Solutions in Space (Netherlands), ISS Reshetnev (Russia) and Orbital ATK (United States) |
According to AMA, the market for Satellite Manufacturing and Launch is expected to register a CAGR of 5.1% during the forecast period to 2028. This growth is primarily driven by Huge Demand In Of Satellites For Military And Defense Applications, Growing demand from UAVs and modern equipment and Escalating Penetration across the Globe.
Globally, a noticeable market trend is evident Increasing Demand Due To Global Positioning Services (GPS) Services
The Aerospace & Defense sector in the North America region has been increasing at a sustainable rate, and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Manufacturers, such as Arianespace (France), Lockheed Martin (United States), SpaceX (United States), Thales Group (France), Airbus Defence and Space (Germany), Boeing Defence (United States), GeoOptics (Canada), Innovative Solutions in Space (Netherlands), ISS Reshetnev (Russia) and Orbital ATK (United States), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
On 22nd October 2018, Vietnam National Space Center (VNSC) has launched MicroDragon, a miniaturized satellite developed by Vietnamese engineers, as part of a joint Vietnam-Japan project on disaster and climate change prevention using earth observation satellites. MicroDragon is an Earth observation satellite with the weight of 50kg and size of 50x50x50 centimeters cube.
Regulatory Insights:
According to the National Space Transportation Policy and the Commercial Space Act of 1988,” The National Space Transportation Policy (NSTP) states as a goal, “United States Government payloads shall be launched on vehicles manufactured in the United States unless an exemption is coordinated.” Department of Defense Instruction (DODI) 3100.12, “Space Support,” states that “DoD payloads shall be launched on U.S. manufactured launch vehicles” and that “U.S. commercial space launch services shall be utilized to the fullest extent feasible. “ and According to The United States Government, “FAA’s Office of Commercial Space Transportation regulates launches and reentries of space vehicles, as well as the U.S. launch and reentry sites, including rerouting aircraft that may interfere with a nearby rocket launch.
Influencing Trend:
Increasing Demand Due To Global Positioning Services (GPS) Services and Growing Demand for Nano and Microsatellite
Market Growth Drivers:
Huge Demand In Of Satellites For Military And Defense Applications, Growing demand from UAVs and modern equipment and Escalating Penetration across the Globe
Challenges:
Satellite Launch Industry Suffers From Program Delays
Restraints:
High Cost Needed and Decreasing Government Investment
Opportunities:
Increasing Demand for High Power and HTS Due To the Expanding Internet Connectivity and Innovative and Advanced Image-Enhancing Devices Such As High-Resolution Cameras and Remote-Sensing Technology
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Manufacturers landscape impacting the growth of the market. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints in Satellite Manufacturing and Launch Market
- Analysis about New Entrants in Satellite Manufacturing and Launch Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
- An Unbiased Perspective towards Market Performance & Indicators
Against this Challenging Backdrop, Satellite Manufacturing and Launch Study Sheds Light on
The Satellite Manufacturing and Launch Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Satellite Manufacturing and Launch industry Manufacturers. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Satellite Manufacturing and Launch industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Manufacturers can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.