Tue. Oct 3rd, 2023
Satellite Manufacturing and Launch Market: Latest Trends and Projections

The global Satellite Manufacturing and Launch Market is experiencing significant growth and is projected to reach millions of dollars by 2030. This market report provides comprehensive information about prominent global key players, including Airbus Defence and Space, OHB SE, Boeing Defense, Space, and Security, JSC Information Satellite Systems, Lockheed Martin, Orbital ATK, Space Systems/Loral, Thales Alenia Space, and CASC. Companies can use this report to formulate strategies to achieve their financial objectives by analyzing the industry’s financial performance.

The report evaluates industry research reports to understand current trends, consumer preferences, and market requirements. With this understanding, enterprises can make informed decisions that promote expansion and enhance profitability. The report includes revenue projections by satellite type (LEO, GEO, MEO, Beyond GEO) and market size forecasts for various applications (Commercial Communications, Earth Observation, R&D, Navigation, Military Surveillance, Scientific, Meteorology, Non-Profit Communications).

Satellite height plays a major role in the utility of a satellite within a communications system. It determines the orbit period, visibility to a ground station, coverage area on Earth’s surface, propagation delay of signals, and path attenuation. Satellites are categorized into Low Earth Orbit (LEO), Medium Earth Orbit (MEO), and Geostationary Earth Orbit (GEO), each with its own characteristics and advantages.

The global Satellite Manufacturing and Launch Market was valued at USD million in 2022 and is expected to witness a CAGR during the forecast period 2023-2030. Factors such as the influence of COVID-19 and the Russia-Ukraine War were considered in estimating market sizes. The United States is the largest market with a share of over 40 percent. In terms of products, LEO and GEO are the largest segments, while Earth Observation is the largest application followed by Military Surveillance and Navigation.

The report also provides a scope of the market, including a Porter’s Five Forces analysis that explains the bargaining power of buyers and suppliers, threat of new entrants, threat of substitutes, and degree of competition. The competitive landscape of the market is highlighted, and the leading regions in the Satellite Manufacturing and Launch Market are North America, Europe, Asia-Pacific, South America, and the Middle East and Africa.

Overall, the Satellite Manufacturing and Launch Market is expected to witness substantial growth in the coming years. This report offers valuable insights into market trends, key players, and revenue projections, allowing businesses to make informed decisions and capitalize on the opportunities presented by this growing market.