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.
COVID-19 Scenario Analysis:
- COVID-19 pandemic has negatively impacted the market of satellite manufacturing and launch systems in different parts of world due to lockdown process issued by the respective countries.
- Major part of supply chain has been affected due to lockdown in many countries, which resulted in delay of satellite equipment’s deliveries.
- Due to lockdown in major countries such as the US, France, Germany, China and India, there was a massive impact on the space industry, resulting in suspension or postponing the satellite launches.
- COVID-19 has created obstacles in cash flow in the market, major satellite manufacturing companies are highly dependent on cash and are expected to face short-term difficulties in demand and supply patterns.
Top Impacting factors: market trends analysis, impact analysis and future projections
- Satellite Manufacturing and Launch Systems market has seen increase in defence budget. With the advancement in technology and adoption new age machinery, the investment in satellite manufacturing and launch system market is increasing significantly.
- Satellite manufacturing and launch systems markets are always cost enhancive programs which requires funding, and constant support of operations from respective countries which restraints the growth of the market.
- High infrastructure cost and airspace restrictions in the U.S. & Europe hinders the global market growth.
- The small satellites in lower earth orbit are the new trend in market of satellite manufacturing which are being carried out by the companies. They comprise of satellite in constellation activities which helps in gathering data for earth observation, establishing communication with earth-based control systems and navigational input activities.
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.
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.
Key benefits of the report:
- This study presents the analytical depiction of the satellite manufacturing and launch systems industry along with the current trends and future estimations to determine the imminent investment pockets.
- The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the satellite manufacturing and launch systems market share.
- The current market is quantitatively analyzed to highlight the satellite manufacturing and launch systems market growth scenario.
- Porter’s five forces analysis illustrates the potency of buyers & suppliers in the satellite manufacturing and launch systems market.
- The report provides a detailed satellite manufacturing and launch systems market analysis based on competitive intensity and how the competition will take shape in coming years
Questions answered in the satellite manufacturing and launch systems market research report:
- Who are the leading market players active in the satellite manufacturing and launch systems market?
- What current trends will influence the satellite manufacturing and launch systems in the next few years?
- What are the driving factors, restraints, and opportunities in the satellite manufacturing and launch systems market?
- What future projections would help in taking further strategic steps?
Satellite Manufacturing and Launch Systems Market Report Highlights
| Aspects | Details |
 By Technology |
|
 By End User |
|
 By Application |
|
 By Satellite Type |
|
 By Region |
|
 Key Market Players | Thales Group, Airbus S.A.S., Space X, Lockheed Martin Corporation, Maxar Technologies (The U.S.), ViaSat Inc, Space Exploration Technologies Corp., GeoOptics, Northrop Grumman Corporation, ArianeGroup, ISISPACE GROUP, Boeing |
Loading Table Of Content...
