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Satellite Manufacturing and Launch Systems Market Outlook – 2030
The satellite manufacturing and launch systems market comprises of wide range of activities, such as satellite manufacturing, and integration of satellite payload into rockets, launch assembly systems & infrastructure. Launch Satellites are used for various applications such as satellite communication, satellite broadcasting, telemetry broadcasting, remote sensing, earth observation, satellite navigation. The global market for satellites and launch systems has grown dramatically in recent times with the construction and launch of rockets and satellites. Investments have been increased in the market with a global private companies coming into the scenario and are expected to boost the market. Â
COVID-19 Scenario Analysis:
Top Impacting factors: market trends analysis, impact analysis and future projections
Increased investment by government and space agencies :
Increased investment by government and space agencies in the development of technologically advanced satellite manufacturing and launch systems are crucial driver for market growth. Countries like US, China, India, and Countries of Europe are allocating funds for the research, development, test, evaluation, procurement and operation and maintenance. For instance, in 2020, The Department of Defense of US(DOD), National Security Space (NSS) of US allocated US$ 14.1 billion in 2020 from which US$ 8.4 billion, US$ 2.6 billion and US$ 3 billion were allocated to research, development, testing, evaluation (RDT & E), production, and operation and maintenance, respectively. Such investment in defense sector by various government is expected to drive the satellite manufacturing and launch systems market.
Private companies such as SpaceX are collaborating with government space agencies NASA to design and develop reusable satellite launch vehicles to minimize the programs cost. SpaceX has also built launch systems which are highly effective and are in secured zone. European space agency has increased its focus on the development of their launch systems Ariane 5. Â
New product launches in the satellite manufacturing market and launch systems:
Satellite and Launch mission markets have seen worldwide ascent in the previous years with organizations enlisting themselves for the business with the public government. With organizations like Northrop Grumman Corporation, ArianeGroup, Boeing, Airbus enterprise are a portion of the unmistakable parts on the lookout. Market is restricted with makers of satellites and dispatch frameworks and sub-frameworks. There are sure joint endeavours between the significant aviation and safeguard players. For example, Ariane Group (an endeavour among Airbus and Safran), Thales Alenia Space (a Thales/Lenardo Group), and United Launch Alliance (JV of Boeing and Lockheed Martin Corporation) are conspicuous individuals from the market.
In recent years, the research around orbital launch has seen major growth as many companies competing for the stakes globally. The cemand for small satellites for commercial applications has increased significantly in recent years owing to which companies are coming up with new nano and micro satellite systems which is expected to further drive the market.
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Questions answered in the satellite manufacturing and launch systems market research report:
Satellite Manufacturing and Launch Systems Market Report Highlights
Aspects | Details |
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By Technology |
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By End User |
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By Application |
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By Satellite Type |
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By Region |
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Key Market Players | Airbus S.A.S., ArianeGroup, ViaSat Inc, Space Exploration Technologies Corp., Thales Group, Space X, Northrop Grumman Corporation, ISISPACE GROUP, Boeing, GeoOptics, Lockheed Martin Corporation, Maxar Technologies (The U.S.) |
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