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Allied Market Research

Spacecraft Market by Type (Manned Spacecraft and Unmanned Spacecraft) and Application (Commercial, Military & Defense): Global Opportunity Analysis and Industry Forecast, 2021–2027

A10721
Pages: NA
Jun 2021 | 97 Views
 
Author(s) : NA
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Spacecraft Market Outlook – 2027

A spacecraft is a machine that is designed to fly in outer space. It is a space vehicle or an artificial satellite that is explored to attain a wide range of tasks such as planetary explorations, navigations, communications, and transportations. The global spacecraft market has been witnessing significant demand from developed and developing economies, owing to a substantial rise in space exploration missions. Leading nations are justifying their competitive rivalry by proving their dominance in space missions and programs. In addition, new space projects call for new joint venture agreements between governments and private companies to foster the growth and efficiency of space missions. Moreover, advancements in spacecraft technologies are proliferating the growth of the global spacecraft market. 

Market scope and structure analysis:

Report Metric

Details

  Market size available for years

  2020–2027

  Base year considered

  2019

  Forecast period

  2021–2027

  Forecast units

  Value (USD)

  Segments covered

  Type and Application

  Regions covered

North America (U.S., Canada, and Mexico), Europe (Germany, UK, France, Russia, and rest of Europe), Asia-Pacific (China, Japan, India, South Korea, and rest of Asia-Pacific), LAMEA (Latin America, Middle East, and Africa)

  Companies covered

The Boeing Company, IHI Corporation, Berlin Space Technologies GmbH, Airbus SE, Lockheed Martin Corporation, Millennium Space Systems, Thales Alenia Space, Space Exploration Technologies Corp., Northrop Grumman Corporation, and OHB System AG.

 

COVID-19 Scenario Analysis: 

  • Spacecraft production is going to be more agile after the end of COVID-19.
  • The supply chain disruption is expected to affect the future growth of the companies due to lockdown.
  • The revenue is not being generated for the companies due to the ongoing pandemic, which will result in major losses across the year.
  • Companies have to deal on a significant margin basis to revive the market.
  • A huge monetary loss has been accounted for in the revenue generation of the Spacecraft companies due to the lockdown.

Top Impacting Factors: Market Scenario Analysis, Trends, Drivers, and Impact Analysis

The global market for spacecraft is driven by rise in space exploration missions and upsurge in space budgets of developed nations. Growth in competition among the nations is urging the major participants to rapidly foster space missions, which in turn creates a significant demand for the global spacecraft market. In addition, rise in government spending is expected to bolster the space missions, substantially driving the demand for spacecraft. Moreover, among the manned and unmanned segment, the automated spacecraft reduce the need for astronauts is anticipated to dominate the global market, owing to similar space exploration missions.  

The global spacecraft market trends are as follows:

Rise in space exploration programs

The space exploration programs have gained rapid consideration over the past few decades where major nations dominate the global market by justifying their space capabilities. In addition, growth in space R&D programs have proliferated the growth of the global spacecraft market. Moreover, rapid collaborations among international space institutions for the integration of technologies and investment is bolstering the global market for space missions, which in turn is fueling the demand for manned as well as unmanned spacecraft. Rise in space exploration missions could also be attributed to the increment in space budget and government spending. Furthermore, miniaturization of the components of spacecraft is likely to drive the application and demand for the global spacecraft market. 

An unmanned segment to boost the market growth 

The global spacecraft market has been broadly bifurcated into manned and unmanned spacecraft where the unmanned segment is anticipated to take a lead during the forecasted period, owing to rise in frequency of unmanned space missions planned onto the Mars and Moon. In addition, the space programs that have not been successful in reaching the Mars are also creating a significant demand as the entry of satellites into orbits need to be monitored for further communication via spacecraft. Further, the incorporation of Artificial Intelligence (AI) technologies in the space exploration missions is boosting the growth of the global spacecraft market. 

Key Segments Covered:

Segments

Sub-segments

  Type

  • Manned Spacecraft
  • Unmanned Spacecraft

  Application

  • Commercial
  • Military & Defense


Key Benefits of the Report:

  • This study presents the analytical depiction of the global Spacecraft 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 a detailed analysis of the global Spacecraft market share.
  • The current market is quantitatively analyzed from 2020 to 2027 to highlight the global Spacecraft market growth scenario.
  • Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market. 
  • The report provides a detailed global Spacecraft market analysis based on competitive intensity and how the competition will take shape in the coming years. 

Questions Answered in the Spacecraft Market Research Report:

  • Which are the leading market players active in the spacecraft market?
  • What are the current trends that will influence the market in the next few years?
  • What are the driving factors, restraints, and opportunities in the market?
  • What future projections would help in taking further strategic steps?
 
With collective industry experience of about 200 years of its analysts and experts, Allied Market Research (AMR) encompasses most infallible research methodology for its market intelligence and industry analysis. We do not only engrave the deepest levels of markets but also sneak through its slimmest details for the purpose of our market estimates and forecasts. Our approach helps in building greater market consensus view for size, shape and industry trends within each industry segment. We carefully factor in industry trends and real developments for identifying key growth factors and future course of the market. Our research proceeds are the resultant of high quality data, expert views and analysis and high value independent opinions. Our research process is designed to deliver balanced view of the global markets and allow stakeholders to make informed decisions.

We offer our clients exhaustive research and analysis based on wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics and regional intelligence. Our in-house industry experts play instrumental role in designing analytic tools and models, tailored to the requirements of particular industry segment. These analytical tools and models sanitize the data & statistics and enhance the accuracy of our recommendations and advice. With AMR’s calibrated research process and 360` degree data-evaluation methodology, our clients are assured of receiving:

  • Consistent, valuable, robust and actionable data & analysis that can easily be referenced for strategic business planning
  • Technologically sophisticated and reliable insights through well audited and veracious research methodology
  • Sovereign research proceeds that present a tangible depiction of marketplace


With a strong methodology we are, therefore, confident that our research and analysis are most reliable and guarantees sound business planning.

Secondary research
We refer a broad array of industry sources for our secondary, which typically include; however, not limited to: Company SEC filings, annual reports, company websites, broker & financial reports and investor presentations for competitive scenario and shape of the industry

  • Patent and regulatory databases for understanding of technical & legal developments
  • Scientific and technical writings for product information and related preemptions
  • Regional government and statistical databases for macro analysis
  • Authentic new articles, web-casts and other related releases for market evaluation
  • Internal and external proprietary databases, key market indicators and relevant press releases for market estimates and forecast


Primary research
Our primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks and face-to-face interactions. We are also in professional corporate relations with various companies that allow us greater flexibility for reaching out industry participants and commentators for interviews and discussions, fulfilling following functions:

  • Validates and improves the data quality and strengthens research proceeds
  • Further develops analyst team’s market understanding and expertise
  • Supplies authentic information about market size, share, growth and forecasts


Our primary research interview and discussion panels are typically composed of most experienced industry members. These participants include; however, not limited to:

  • Chief executives and VPs of leading corporations specific to industry
  • Product and sales managers or country heads; channel partners and top level distributors; banking, investments and valuation experts Key opinion leaders (KOLs)


Analyst tools and models
AMR has developed set of analyst tools and data models to supplement and expedite the analysis process. Corresponding to markets, where there is significant lack of information and estimates, AMR’s team of experts and analyst develop specific analyst tools and industry models to translate qualitative and quantitative industry indicators into exact industry estimates. These models also allow analysts to examine the prospects and opportunities prevailing in the market to accurately forecast the course of the market.
 
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